REMUNERATION OF RESEARCH EMPLOYEES
As required under section 5(4) of research and analyst regulations 2015 the salary and reporting structure of research department employees is disclosed as follows.
At present, Company employs seven members in its research department (including head of research and senior manager). All members report to head of research who in turns report to CEO.
Compensation structure of research analysts is flat and is subject to qualification, experience and skill set of the person. However, the compensation of anyone employed in the research department doesnot in any way depend on the contents/outcome of research report.
During the year ended December 31, 2017, the personnel employed in the Research Department have drawn an aggregate salary and benefits amounting to Rs. 9,330,000, which comprises basic salary, medical allowance, utilities, house rent and other facilities as per Company policy