Travel Polciy

3254 Words Dec 12th, 2010 14 Pages
Company Car Policy

1. Objective

The new Company Car Policy has been formulated in order to introduce an employee friendly and easy to administer car scheme in the company with effect from -----------. With the introduction of this scheme all previous car schemes stand withdrawn.

2. Scope

Employees in Grade M1 and above are entitled to participate in this scheme. These employees have been assigned Management Allowance / Car Kitty as part of their remuneration package. Their Management Allowance / Annual Car Kitty amount is given in the table included herein below.

|(A) |(B) |(C) |(D) |(E) |
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6. Administration Department intimates the Lease Finance Company vide Authorization Letter as per Annexure IV enclosing a copy of Proforma Invoice.

7. The Lease Finance Company then sends the following to the Administration Department.:

1. Cheque in the name of the Dealer

2. Covering Letter to the Dealer

3. Letter for Endorsement to the RTO

4. Form 20 for signature of Authorized Signatory

8. Commencement date for the lease period under the scheme shall be the date on which cheque is drawn in favor of the dealer by the Lease Finance Company.

9. Administration Department gets the required signature on Form 20. Administration Department hands over the following to the employee to take the delivery of the car:

1. Cheque in the name of the Dealer

2. Covering Letter to the Dealer

3. Letter for Endorsement to the RTO

4. Form 20 with approval from Authorized Signatory (CFO)

5. Copy of ABC’s PAN Card

6. Company’s Address Proof

7. Letter of Authority to take the delivery of the car (Refer Annexure V).

Administration Department retains a copy of all the above documents.

10. Based on these documents employee can take delivery of the car.

11. On receiving the delivery of the car, the employee needs to forward the following documents to the Administration

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