Procedure for House Rent

1.2  Procedure for House Rent Advance

a          All requests for House Rent Advance under this rule shall be sent to the HRD who will recommend it. The HRD shall authorise  the Finance Department to disburse the amount.

b          The manager shall be required to submit, within two weeks of receiving the Advance, a copy of the Lease Agreement between themselves and the landlord to HRD as evidence of the arrangement.

c          All House Rent Agreements must have a clause for termination of lease agreement. Notice period for termination should not be greater than three months.

d          A promissory note in favour of the Company shall be executed by the manager. It is the Finance Department’s responsibility to ensure this.