Start of Employment

a) Employment Contracts

The Company recruits employees through a contract of employment. Such      a contract is governed by the Indian Labour law and Ras Group policies and procedures. This contract should state the following:

1)  Date of Employment

2) Job Title

3) Designation and Salary

Any new employment may require the individual to complete a probationary period of a stated time, not to exceed 6 months. Upon successful completion of probationary period, the individual will be confirmed into the post. Any changes to the Company’s terms and conditions of employment will be communicated and deemed to be amended within the contract of employment.

b) End of Service Gratuity

A worker who has completed a period of five years or more of    continuous service shall be entitled to an end of service payment.

c) Grievances Procedure

It is the Company’s Policy to ensure that employees who have a problem related to their employment can raise a grievance and seek resolution as speedily as possible, by contacting the Manager Co-ordination.

d) Official Public Holidays

In general, the policy of Ras is to follow the practice of 3 public holidays of 26th January, 15th August and 2nd October in terms of granting Public Holidays. Upto 12 Public Holidays are granted for Mumbai staff.

The above Code of conduct is adopted by the Board of Directors of the Company as its Board Meeting held on October 10, 2005