| a. |
In case of Nigams/Corporations, every ESM employee will be issued a share certificate on completion of three months of employment. |
 |
| b. |
The Corporation will submit various reports and returns as decided by the DGR from time to time. |
|
| c. |
ESM Corporations will employ 100% ESM within their own states and other state 90% ESM will be deployed by the ESM Corporation. |
|
| d. |
Memorandum of Articles of Association of Corporations will incorporate following points: -- The aim of the Corporation in all spheres of activity including security services must be specified in objectives of the company.
- Managing Director should not hold dual charge.
- Board of Directors should be designated.
- Shares should be held by designation and not by name. Transfer of shares should be to Ex-Servicemen only.
|
