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Emp Code : C108252

DHAVAL INDRAVADAN JOSHI 55 PRAGATI NAGAR OPP. SISUKUNG SCHOOL B/H JALARAM SOC JHANGIRPURA SURAT, CONTACT NO :9925282707 SURAT GUJARAT 395009

f 12-December-2011 You shall be presently located at SURAT-ATHWA LINES PREMIA. (hereinafter referred to as "the Company" which expression shall unless repugnant to the context or meaning hereof be deemed to mean and include its subsidiaries. For India Infoline Limited Ramanand Padiyar Authorised Signatory ACCEPTANCE I. We welcome you to the Company and wish you the very Best in your new assignment. You are requested to kindly go through the Annexure-1 attached herewith for details on the terms and conditions of your appointment and the rules and policies which is to be strictly followed and complied with under the Company's Code of Conduct.e. Yours faithfully.The details of your CTC is mentioned in Annexure -2 attached herewith. Both the Annexure are integral part of this letter of appointment and you will be bound by the terms and conditions thereof. DHAVAL INDRAVADAN JOSHI Emp Code: C108252 Area: GUJARAT Branch: SURAT-ATHWA LINES PREMIA Dear Dhaval Following our recent discussions. Signed and Accepted Date: 03/01/2012 Place: SURAT [Note: Please ensure to initial each page of the Letter to Appointment] . agree and accept the terms and conditions. DHAVAL INDRAVADAN JOSHI. group concerns.LETTER OF APPOINTMENT Date: 03/01/2012 Mr. You will be appointed as a BUSINESS DEVELOPMENT MANAGER w. address of which is as below. You can be posted to any such other location as may be assigned to you by the Company in writing from time to time as per the Company Policy. affiliates. we are pleased to offer you employment in India Infoline Limited. successors-in-interest and permitted assigns).

2 You will be on probation for a period of 6 months from the date of Joining. at the end of the probation. or in the opinion of a doctor appointed by the company. submission of two acceptable references. If you fail to achieve the said targets/ results/ goals that have been communicated to you and your performance does not come up to the requirements of the company. your appointment shall be liable to be terminated without any notice or notice pay in lieu of notice. You will be required to perform as per the directions of the company and achieve such targets/results that have been determined and communicated to you from time to time. the notice period for termination of employment from either party would be 15 days.1 2. 2.This offer of appointment is subject to: i submission of copies of your certificates and testimonials you have mentioned in your application/ resume and two passport size photographs. If for any reasons on grounds of health you are unable to attend work for a period of 240 days in the preceding twelve months. The Company reserves the right to extend your probation period if your performance is not found satisfactory. testimonials and other particulars mentioned in your application at the time of your appointment. you will be confirmed in the employment of the company by an order in writing.5 2.3 2. your services are liable to be discharged on grounds of medical unfitness and you will be paid one month's salary in lieu of notice and you will be discharged from the services of the company.1 The terms and conditions of your employment are as follows: 1) Appointment 1. the information provided is found wrong. Your appointment is subject to verification of your credentials. If. Your appointment is subject to you being found medically fit and your retention of reasonable medical fitness during the tenure of your employment. Probation and Confirmation ii iii iv 2) 2. salary certificate and relieving letter from your previous employer. you are found suitable in the appointed post. Upon your confirmation in service with Company. In case. you are unable to come to work on grounds of ill health.1 This contract term commences from the date of your joining the services of the company. You may terminate your employment with the Company during the probation period by giving 15 days written notice or 15 days salary in lieu of notice period.7 2 C108252 . your services are liable to be terminated under this clause without any notice or notice pay in lieu of notice.ANNEXURE .4 2. The Company reserves the right to terminate your employment during the probation period if your performance is not found satisfactory by giving 15 days notice.6 2.

3.4 Transfer is an incident and condition of service. which is empowered to modify. Any termination effected under this clause may be appealed to the authority signing the letter of transfer or any superior authority.8 Regularity in attendance and punctuality at work are an implied condition of service and any absence without intimation or authorisation for a period extending beyond three days continuously may lead to termination from the employment without any notice or notice pay in lieu of notice under this clause. Your appointment is subject to the company rules and regulations and existing service conditions of the Company and any amendments thereto that may be brought into force from time to time. your services are liable to be terminated without any notice or notice pay in lieu of notice. 3 C108252 . or customers/ vendors within India as and when required by the Management and you shall do such other work which will be assigned to you by the Management from time to time as per Company policy. or from one department to another department or to any branch or any establishment. who is empowered to modify.10 3 3. rescind or confirm the said order. This payment is also subject to your being in employment for the entire financial year to be eligible for bonus and if at any time during the financial year. The normal working hours of the establishment to which you are attached are applicable to you. rescind or confirm the said order if the reasons for your absence are satisfactory.9 2. you leave the employment of the company for any reason whatsoever. the Company reserves the right to modify/alter your hours of work from time to time. which is existing or likely to come up in future at any location of the company any where in India. You are liable to be transferred from one job to another job.Any termination effected under this clause may be appealed to the authority signing the letter of transfer or any superior authority. However.1 On your employment with the Company.2 3. if he were to attend duties. Notice Pay in the employment contract would mean Basic plus any allowances that are paid on a monthly basis to an employee. existing or likely to come into existence in future. Payment of any bonus linked to performance is entirely discretionary and would be subject to the financial performance of the division/ company/ unit where you are engaged and your own contribution to the overall team performance. Code of Conduct 2. you shall devote your full business time and attention to the performance of your duties as an employee of the Company. except with the written permission of the company. You shall render services exclusively to the Company. Any termination effected under this clause may be appealed to the authority signing the letter of transfer or any superior authority. Transfer: 3. business or occupation) or take up any appointment including directorship of any company during your term of employment with us. you will not be eligible to this bonus. Your services are liable to transfer to anywhere in and to any group company.1 If you do not report to the transferred location within 7 days of the date you are supposed to report for duty. You shall not engage in any outside interest or activity whether directly or indirectly (including any other employment service or work in any trade. its affiliate. which is empowered to modify. 2.4. rescind or confirm the said order.3 3.

4 and 2..3. commissions. and being granted all as possible. etc. or otherwise subject the Company to risk . The company will be entitled to discharge you on grounds of loss of confidence by giving written notice or payment in lieu of the same as per clause 2. absconding or not being available inspite of being intimated about your absence and there is no communication from you regarding your absence. Additionally. If by any behavior or conduct you forfeit the trust or confidence of the company. the Company shall be entitled to forthwith terminate your appointment without any notice or payment of any kind in lieu of notice or otherwise for any misconduct or any behavior that is likely to impair or harm the image and/or reputation of the company. wherever upon signing this letter them to us for lodging 4. and breach of any of the terms and conditions and stipulation contained herein is liable to lead to termination without any notice or notice pay in lieu of notice. any act on your part which is detriment to the Company. Notwithstanding anything to the contrary contained herein. 3. In the event of you not being available for work in the company because of your being in jail.Enter into any commitment.1 Your appointment is further subject to you successfully applying for necessary registrations. omissions. The Application Forms will be given to you of employment. the Company shall review your terms of employment.7 3.Trade in clients account without any authorisation .5 Upon joining the Company.2 You shall not perform or undertake any activities at any time during the course of your employment for which you are not duly and properly registered and/or licensed. except to the extent as empowered by a resolution of the Board of Directors of the Company. In the event that you do not successfully secure appropriate licenses and registrations within a reasonable time (in the opinion of the Directors of the Company). If at any time during the course of your employment you cease to be duly and properly registered or licensed to undertake the whole or any part of your responsibilities under the terms of your employment. and you will be required to complete them and return within week's time and preferably before your joining date. non-performance. Incase of any losses incurred by the Company due to your acts.Trade on account of the Company and enter into any transaction of a speculative or gambling nature.Trade on your own account by pledging the credit of the Company . you will carefully follow and comply with the policy of the Company and code of conduct-for prevention of Insider Trading including the code of conduct for Directors and Senior Management Personnel including the sexual harassment policy announced by the Company. etc. then: 4 C108252 . including but not limited to dishonesty. Further you agree and undertake that during the course of your employment you shall not indulge into any of the following acts: . you agree and undertake to indemnify the Company for the same from time to time even after your exit from the Company.6 3. misconduct.8 4 Licenses and Registration 4. dealing or obligation on behalf of the Company.6. with the appropriate authorities as soon applicable and necessary.

7. 2.1 Consideration of the Company making the Information available to you.. or other information of a confidential nature ("the Information"). ii. and the Company shall be entitled at its election to review the terms and conditions of your employment in the manner that it thinks fit. including terminating you from the employment without any notice or notice pay under this clause.i. you undertake and agree that you will: 7. due to business exigencies and within your capacity. 5 Working Hours Your official working hours will be 9. you may refer to the Company Leave Policy.1.1. you shall with immediate effect cease to carry out the responsibilities for which you are required to be registered or licensed. 7.2 The above provisions shall not apply to any information that you can prove: 7.m. You may be requested to take a period of mandatory leave from each year.2.m.1. 5 C108252 . depending upon your length of employment and attendance record subject to a maximum of 24 days. business plans. or has entered the public domain otherwise than as a result of publication or disclosure by you. 7.1 is in. you may need to extend beyond the said working hours. On termination of this agreement. 7 Confidential Information and Exclusivity In performing your duties you may from time to time receive or obtain information from the Company or a related or associated or subsidiary or affiliated company. other than those approved in writing by the Company.1 Keep the Information confidential at all times and not divulge or communicate to any person. On the Company's demand. However.2 Not use the Information for any purpose other than in connection with your services to the Company. systems. Mondays to Saturdays or such other time as may be informed from time to time. 7. 6 Annual Leave Your Annual Leave entitlement will be determined pursuant to the rules of employment of the Company and other relevant Company regulations.00 p.3 Immediately return or destroy (at the Company's option) the original and all copies of any records of the Information (in whatever form) and all notes and other documents embodying any of the Information on the first to occur of any of the following: 1. personnel. to 6.s Annual Leave entitlement. For further details.30 a. as per the Management decisions. any of the Information which you may (whether before or after the date of this letter) receive or obtain. or otherwise have access to information relating to client or business information.

remove. and that you shall have no rights in respect thereof other than to use the same for the purposes of and on the terms of this Agreement. practices and procedures.2. obscure or add to any of the marks. copyrights. mean and include other firm. 7. improvement or design conceived by you while in our employment of the Company shall become the exclusive property of the Company. You shall from time to time following this Agreement and during your employment hereunder fully disclose to the Company any inventions or discoveries you may make or discover and any improvement or mode of performing thereof arising out of or in connection with the business of the Company.. goodwill. if required.3 8 is required to be disclosed by law. improvement or design conceived by you during continuance of this Agreement with the Company shall become the exclusive property of the Company and you shall provide all such information and execute such document(s) which may be requested by the Company in order to perfect the title of Company on such intellectual property. service marks. For the purpose of this clause. but only to the extent and for the purpose of such disclosure Intellectual Property Rights 8. Compliance 8. design rights used in connection with its products and services and the goodwill attaching thereto. You shall not alter. utility models. the expression the Company' shall in addition to Money line Credit Pvt. franchise. All written work or invention made or produced by you in connection with your activities during the period of this Agreement shall inure exclusively to the Company.1 You acknowledge that the Company is the owner of all intellectual property and intellectual property rights. trademarks.1 All customer relations. subsidiary to or affiliated with it. franchise.4 9 During the continuance of the employment you are expected to comply with the Company's policies. All customer relations.2 8. patents. Such work or invention shall be fully compensated by the contractual remuneration specified in this Agreement. trademark numbers or other intellectual property or other means of identification on product or services of the Company or knowingly allow others to do so.3 8. 10 Assignment 10. In so far as such work or invention relating to all types and protected by copyright or trademark or patent or design or other intellectual property rights. including without limitation all patents. practices and procedures and. 6 C108252 . other intellectual property rights and the like developed by you in connection with your activities for the Company following this Agreement hereby grant the Company the exclusive and unrestricted right of use for all purposes. Such right of use shall remain valid even after the termination of the service relationship. sign any necessary documentation with respect to such policies. design. copyrights. or (b) other than as a result of the Company disclosing it to you. There shall be no entitlement to any remuneration for granting such right of use. or (c) was rightfully obtained by you from a third party without breach of any duty of confidence. trade marks. person or Company. group concern. goodwill.2. discoveries or improvements. or any inventions of yours and technical suggestions for improvement as well as methods of engineering. You agree not to claim any proprietary interest in any such inventions.7. Ltd.2 was previously known to you: (a) without breach of any duty of confidence (whether contractual or otherwise).

entirely at the discretion of the company.3 . 12. understanding. extension or other modification of this agreement shall be effective unless in writing and signed by each party. If you resign from the Company. on on your part shall give the immediate effect without any 12 12. you may offset the notice period by any leave that has not been availed. No waiver. defaming. where a person is holding senior responsibility or specialized training. Other Requirements 11 11. likely to damage the image and or reputation of the company. affiliate. criminal. wholly or partly to any Company which is an associate. amendment.2 It is also expressly agreed by you that the Company shall be entitled to transfer your services provisionally for any duration or permanently. consume or performing services.2 11.1 Your employment with the Company hereunder may be terminated forthwith by the Company without notice if you i. court order or otherwise. arrangement. Termination 11. the Company shall be under no obligation to vest in or assign to you any duties or work. the employment can be terminated by either party at any time by giving written notice or payment in lieu of the same as per clause 2.4 and 2. ii.2 Without prejudice to Paragraph 12(1) above. personal or sexual acts company premises or using company resources. engage in while performing services. iv. 7 C108252 12. even where any leave balance exists. During any period of notice as provided for in Paragraph 12(2). However.6.1 You represent and warrant that you are not subject to any agreement. iii. Notwithstanding any other provision of this Agreement. successor. the Company may suspend you on full pay from the performance of your duties and work and exclude you from the premises of the Company.10. This condition shall apply to any employment regardless of whether it is undertaken outside of your norms of duty with the Company. Any such act Company absolute discretion to terminate this Agreement with notice or notice pay. parent or subsidiary to the Company. You shall during the existence of this Agreement not engage in be "high" on drugs or alcohol while on Company premises or harassing. Either party may elect to pay to the other in lieu of notice period such proportion of amounts as is equivalent to the proportion of the notice period that is unexpired. are guilty of any misconduct (including but not limited to any serious or repeated breach of the terms of your employment) or dishonesty or act in a way which in the reasonable opinion of the Directors of the company may damage or tend to damage the reputation of the Company. the person shall be liable to serve the notice period fully.3 any criminal acts. which in any way directly or indirectly restricts or prohibits you from fully performing the duties of your contract with the Company. have indulged in any act of sexual harassment or behavior or conduct unbecoming of a responsible officer of the company. contract. engage in any employment with any employer contemporaneously with your employment with the company without prior consent in writing of the Company. political. he may be directed to serve the notice period fully and in such cases. become insolvent or commit an act of bankruptcy or compound or make any composition or arrangement with your creditors.

4 Your services are liable to be suspended pending enquiry if you have indulged in any misconduct and during the period of suspension. Return of Company Property / Assets 13 Upon the termination of your employment with the Company. the venue of Arbitration shall be Mumbai only. your employees. Each of the parties hereby irrevocably and unconditionally waive any objection to the laying of venue of any action. 14 Non . customer or supplier or who was to be a prospective client. agents or representatives or otherwise howsoever and whether on your own behalf or for any other person. 15 Territorial Jurisdiction: The parties hereby irrevocably and unconditionally consent to submit to the exclusive territorial jurisdiction of the Courts in Mumbai for any actions. suit or proceedings brought in any such court has been brought in an inconvenient forum.12. company or organisation or body corporate directly or indirectly in competition with the Company solicit any business from or canvass or otherwise have dealings with any person. in such courts and hereby further irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such action.Solicitation You will not. customer or supplier. in accordance with and subject to the provisions of the Arbitration and Concilation Act of 1996. reasonable lawyers fees. suits or proceedings arising out of or relating to this Agreement and the transactions contemplated hereby and the parties agree not to commence any action. It is mutually agreed between the parties that for the purpose of Arbitration under this contract. firm. 16 Arbitration: Any dispute or differences whatsoever arising between the two parties out of or relating to the construction. firm. sole proprietor concern. suit or proceedings relating hereto except in such courts. including without limitation. whether by yourself. manager. In any action to enforce any of the terms or provisions of this Agreement or on account of the breach hereof the prevailaing party shall be entitled to recover all its expenses. 8 C108252 . employee. agent. you will be eligible to a subsistence allowance of 50% of the basic and dearness allowance if any during the period of suspension. representative. client. meaning and operation or effect of this contract or the breach thereof shall be settled by Arbitration. company or body corporate with whom or with which the you have had personal dealings in the course of your employment with the Company and who or which at any time during the period of 6 (six) months immediately preceding the date of the termination of this Agreement was an officer. suit or proceedings arising out of this Agreement or transactions contemplated hereby. custody or control which are the property of the Company or the Group or which contain any information obtained by you in the course of your employment and which relates to the affairs of the Company or the Group or any of their clients. you must immediately deliver and return to the Company or its authorised representative all materials in any form whatsoever which may be in your possession.

which may be amended from time to time. This Agreement shall be governed by and construed in accordance with the law of India.com The parties undertake that they shall communicate any change in address within one month of any change taking place in the above particulars and the said change shall be deemed to become effective if sent by Registered Post to the above address or the personal email id or fax number of the parties mentioned above.DHAVAL INDRAVADAN JOSHI .17 Address for the purposes of Communication: Any communication sent to the following address shall be deemed to be proper service of the communication: Mails sent to the address: 55 PRAGATI NAGAR OPP. agree and accept the terms and conditions. Signed and Accepted Date: 03/01/2012 Place: SURAT [Note: Please ensure to initial each page of the Letter to Appointment] 9 C108252 . Email Id: hrhelpdesk@indiainfoline.com Fax: 022-26850451 Employee Personal email id: dhaval.9925282707 Company: India Infoline Ltd. For India Infoline Limited Ramanand Padiyar Authorised Signatory ACCEPTANCE I. please signify your receipt and acceptance and return a copy of this letter to us. Yours faithfully. CONTACT NO :. The terms and conditions that are not specifically set forth in this letter will be determined pursuant to the applicable laws of and the Company's policies and code of conduct.joshi@indiainfoline. If you are in agreement with the conditions outlined in this letter including the annexures. SISUKUNG SCHOOL B/H JALARAM SOC JHANGIRPURA SURAT.

DHAVAL INDRAVADAN JOSHI . 183. This amount may be payable in one or more installments. not following the above would result in necessary disciplinary action as per Company policy being taken action against you. agree and accept the terms and conditions. This would be reviewed periodically and may be restructured as per the Company policy. You will also be eligible to such benefits as applicable to our employees as notified from time to time and be paid apart from certain fixed components as well as variable and performance linked payments.0. Signed and Accepted Date: 03/01/2012 Place: SURAT [Note: Please ensure to initial each page of the Letter to Appointment] 10 C108252 . This information pertaining to the above components as well as the variable components will be available on the company's intranet or as communicated to you personally. The same shall become payable at the end of the Company's Financial year and would be at the discretion of the Company. 2 The payment of BDI is entirely at the discretion of the company and you will be eligible to the said payment should you qualify for the same as per the rules or guidelines framed by the company from time to time. provided you are eligible and you are under active employment with the Company at the time of such payment being made.2 Terms and conditions of your CTC as agreed between you and the Company is as below: 1 Your Annual CTC will be Rs. as may be made applicable from time to time.00 )). One Lakh Eighty Three Thousand Six Hundred Only(Including variable Business Development Incentive (BDI) of Rs.ANNEXURE . All the CTC related details pertaining to you are unique in nature and should not be shared with anyone else. same shall be communicated to you in writing. Any fixed or variable payment made to you by the Company will be subject to deduction of tax at source and any other tax under the Income Tax Act. This is also subject to you being in the employment of the company at the time of such payment. Yours faithfully.600. For India Infoline Limited 4 5 Ramanand Padiyar Authorised Signatory ACCEPTANCE I. 3 Any other payment / performance bonus payable to you apart from the above mention amount would be communicated separately in writing to you.00 (Rs.