VMS/HR1/19/8/2022
Dated-19th Aug ‘2022
Dear Mr. Amit Kumar,
It gives us great pleasure to welcome you to be a part of the VCap Money Family.
This has been reference to your application and subsequent interview; we are pleased to make you an offer of appointment in
Value Management Solution P Ltd (VCap Money), No.1 Business Partner of Motilal Oswal Financial Services Ltd for Bihar,
Jharkhand & West Bengal subject to verification of your credentials. Your job title will be “Management Trainee “& Stipend
would be Rs. 1,80,000 per annum.
You will be placed in our Ranchi Head Office expected to join the Company on or before 22nd Aug’2022.
In addition to the key policies shown as below mentioned, you will also be required to abide by the internal company policies
that are in force and amended from time to time. We as a part of Motilal Oswal Financial Services Ltd. would like to share our
organizational core purpose and values with you.
Our Core Purpose: To be a well-respected and preferred global financial services organization enabling wealth creation for all
our customers.
Our Values are as:
Integrity: A company honoring commitment with highest ethical and business practices.
Teamwork: Attaining goals collectively and collaboratively.
Meritocracy: Performance gets differentiated, recognized and rewarded in an apolitical environment.
Passion & Attitude: High energy and self-motivated with a "Do It" attitude and entrepreneurial spirit.
Excellence in Execution: Time bound results within the framework of the company’s value system.
The following are the terms and conditions of the appointment.
1. Your appointment is subject to submit the required document as per HR Policy Of Company.
2. Transfer: An employee is liable to be transferred to any Department, Office or Establishment forming part of the company or
to any of the company’s associates/subsidiaries in India, depending upon the requirements of business. A voluntary transfer
request would be considered on the basis of an opening available in the concerned region and the employee’s suitability for the
same.
3. Discipline: All employees shall observe in letter and in spirit all rules of discipline and will not indulge in any activity, which is
detrimental to the organization.
Value Management Solutions P Ltd. - VCap Money
(Exclusive Business Partner of Motilal Oswal)
CIN No. U74140BR2009PTC014917
4. Meals: As an organization, we only allow consumption of Vegetarian food in our office premises.
5. Confidentiality: : Confidential information means, client details, list of clients, clients’ account details, trade secrets,
knowhow, patents, utility models, formulations, processes/methods of preparation, test data, conducted in house or by/through
collaborative/venture efforts, inclusive of any and all improvements/modifications, alterations substantial or otherwise etc.,
with respect to the Company., “Confidential Information” also any information relating to Company or its business that is not
generally known to the public, including, but not limited to information about Company’s Personnel, products, customers,
marketing strategies, services or future business plans.
.
6. The Employee Trading Policy: Please refer the company Policy in this regard.
7. Business Dealings: In the event of the individual ceasing to be an employee of the company, he/she will also not solicit
business or have any business dealings with any of the clients for a period of one year, after leaving the service of the company.
For one year, he/ she shall also not hire or induce any Company employee to work for a competitor, operating in any region
where this company does business. Non-compliance to this clause will be considered as breach of contract and company has
right to take legal action as per law of the land.
8. Exercise of Authority: An employee shall not enter into any commitment or dealing on behalf of the company for which
he/she has no express authority nor alter or be a party to any alteration of any principle or policy of the Company or exceed the
authority or discretion vested in him /her without the previous sanction of the Company or those in authority over him/her.
9. Leave: Applicable as per company policy (subject to policy change). It is imperative that the employees’ leave be availed in a
planned manner with their immediate superiors so that there is no impact on the working of the organization.
10. Probation: Initially, you shall be on probation for a period of six months from the date of your joining and the said period of
probation can be further extended up to six months at the sole discretion of the management and based on your overall
performance. If no orders are issued in writing on completion of the initial period of six months, the probation period shall be
automatically deemed to have extended by another six months.
11. Notice Period: During the probation period, the notice period of resignation is fifteen days on either side or payment of 15
days in lieu thereof. Notice Period of resignation after six months is 1 month notice on either side or payment of one month’s
salary in lieu thereof. On receiving the notice, if in the opinion of the Company, it is not expedient to continue employment
during the notice period, the Company may at its discretion relieve you before the expiry of the notice period and is not bound
to give any reasons thereof.
Value Management Solutions P Ltd. - VCap Money
(Exclusive Business Partner of Motilal Oswal)
CIN No. U74140BR2009PTC014917
12. Resignation: An employee desirous of leaving the service shall submit the resignation in the system and serve the notice
period as per the separation and F&F policy of the company. As per the Full and Final settlement process fulfillment of the
following formalities to be completed (subject to change in discretion of Management) .All the Ledgers to be signed of
(confirmation email / or confirmation through call on recorded line of the ledger from the clients of the ledger balances, if any ),
Debit amount clearance of the clients, if any , Submission of the required documents, assets and returning of the Company’s ID
card/ Visiting card/ Sim card or any other belongings of the company; All call recording of the trades done, if any ; Resolving of
Client complains with your inputs ( if any).
13. Termination: Applicable as per company policy. The need for such a step may arise only if an employee is found to indulge in
any underhand means / gross conduct/ alternative Employment that may be detrimental to the Company. All residual powers lie
with the Management and decision of the Management on any matter connected with the Company will be final.
14. IT Security Practice & Procedures: You are bound to adhere the IT Security Practice & Procedures as prescribed by the
Company. You must not share, sell, rent, reproduce, copy or publish company business data/material to any third party. You are
not also allowed to delete, modify or edit given data without permission from authorities. Internal Organizational sharing is also
not allowed unless communicated to the reporting personnel. Non-compliance to this clause will be considered as criminal
breach of trust contract and company has right to take legal action as per law of the land.
15. Performance Bonus/ Sales Incentive Plan: You will participate in the Company’s Performance Bonus/ Sales Incentive Plan
depending on the function you belong to, based on parameters as the Company may decide from time to time.
16. Gross misconduct: Gross misconduct would amount to cause for your immediate dismissal without notice or payment in lieu
of notice. Examples of gross misconduct include, but are not limited to:
Non-compliance with all applicable laws and regulations in the conduct of business for and on behalf of the Company;
Theft, misappropriation or willful destruction of Company property;
Refusal or failure to comply with a reasonable instruction given by your supervisor;
Willful insubordination or disobedience of any lawful and reasonable order of a superior.
A finding that you are guilty of a criminal offence by a court of competent jurisdiction;
Your bankruptcy or insolvency;
Sexual harassment or intimidation of employees;
Behavior which is either physically or verbally threatening or degrading to others;
Violation of Code of Conduct & Business Ethics;
Breach of any of the terms and conditions set out herein and any manual containing the Company’s policies and
procedures.
Data Theft.
Willingly Non performance as per KRA during the Tenure.
Non-compliance to this clause will be considered as criminal breach of trust contract and company has right to take
legal action as per law of the land.
You shall be deemed to have resigned in case you are absent from work or extended your stay after the end of the
granted leave without authorization or acceptable excuses, for the period of 15 consecutive days.
Value Management Solutions P Ltd. - VCap Money
(Exclusive Business Partner of Motilal Oswal)
CIN No. U74140BR2009PTC014917
17. Acknowledgement of Confidentiality: You hereby acknowledge that the confidential information are in the nature of
confidential and proprietary information and agree not to disclose confidential information to any third party during your
employment with the Company and after termination of your employment with the Company.
18. Agreement not to disclose: You hereby agree that you shall hold in confidence and hereby agree that you shall not use,
commercialize or disclose except under terms of employment, any confidential information to any person or entity, except
approved in writing by the Company. You shall be bound by an obligation of confidentially even after the termination of your
employment with the Company.
19. Remedies for Breach of Confidentiality: You agree and acknowledge that any disclosure of any Confidential Information
prohibited herein or any breach of the provisions herein may result in irreparable injury and damage to the Company which will
not be adequately compensable in monetary damages, that the Company will have no adequate remedy at law thereof, and that
the Company may, in addition to all other remedies available to it at law or in equity, including but not limited to withholding
your Full and Final settlement, obtain such preliminary, temporary or permanent mandatory or restraining injunctions, orders or
decrees as may be necessary to protect the Company against, or on account of, any breach by the employee/ex-employee of the
provisions contained herein, and employee agrees to reimburse the reasonable legal fees and other costs incurred by the
Company in enforcing the provisions of the proposed transaction.
20. Non-Compete: In the event of cessation of your services in future, due to any reason whatsoever, you shall for a period of 1
year from the date of such cessation, directly or indirectly, either on your own accord or on behalf or in conjunction with any
other person’s.
Company refrain from attempting to or inducing to any employee(s) / Business associate(s) to leaves their current employment
with the Group Companies / Business Partners to join the services of your new employer or any other
Competitor of the Group Companies.
Company refrain from approaching any Client or customer of the Company, its subsidiary company or associated
Companies about whom you have gained knowledge as a result of your employment with the Company.
Any act breaching of this provision shall entail initiation of appropriate action as may be deemed fit by the Company.
21. Alternative Employment: During the course of employment with the organization, the employee will not engage directly or
indirectly in any trade, business, occupation, employment or service whether for remuneration or otherwise, without the prior
written consent of the company.
Upon termination of your employment, you will return any items belonging to or relating to the Company. These include but are
not limited to keys, diaries, business cards, files and all other items of a professional nature, which were acquired or created
during your employment, including computer software and applications.
All residual powers lie with the Management and decision of the Management on any matter connected with the Company will
be final.
Value Management Solutions P Ltd. - VCap Money
(Exclusive Business Partner of Motilal Oswal)
CIN No. U74140BR2009PTC014917
The terms of your employment may be amended at any time. This contract of Employment shall be interpreted and governed by
the laws of India.
The Company may, at its sole discretion, alter, amend or delete any of these components/ benefits at any time. Any references
to statutory rules and regulations have been provided to assist you in understanding the components, and they are subject to
change as per Government notification. Further, in case of a change, expenses shall be borne by the employee or employer in
accordance with the guidelines as prescribed in the Government notification.
If you are agreeable to the above-mentioned terms and conditions, please intimate your acceptance to us by returning a copy of
this letter, duly signed by you, within seven days of receipt. In case no confirmation is received within the above-mentioned
period, the Offer Letter cum Appointment letter shall be deemed to have been withdrawn.
Warm Regards,
Mrs. Binamrata Sengupta – Sr. Manager – HR
(19th Aug ‘2022)
I have read all the terms and conditions of the offer and would like to confirm my acceptance.
Signature of candidate
Value Management Solutions P Ltd. - VCap Money
(Exclusive Business Partner of Motilal Oswal)
CIN No. U74140BR2009PTC014917
