Memorandum and Articles of Association

1.Promotion 2.

3.Registration 4.

5.Cert Certific ificate ate of Inco Incorpor rporatio ation n 6.

7.Floatation 8.

9.Comm Commence encement ment of Busi Business ness

ØIt is re rega gard rded ed as the the fu fund ndam amen enta tal l do docu cume ment nt of th the e co comp mpan any y. Ø ØIt conta tai ins th the e fund nda amenta tal l condi dit tions up upo on whic ich h alon one e the compa com pany ny ca can n be in inco corp rpora orate ted d. Ø ØIt tells us the objects of the company’s formation and the utmost possible actio act ion n ca cann nnot ot go.

scope of its operations beyond which its

ØTh The e pr pros osp pec ecti tive ve sh shar are e ho hold lder ers s kn know ow th the e fi fiel eld d in, or th the e pu purp rpos ose e

for which their money is going to be used by the company and what wha t ris risk k th they ey ar are e un under derta takin king g in mak makin ing g inv invest estme ment nt.

Ø ØTh The e ou outs tsid ider ers s de deal alin ing g wi with th th the e co comp mpan any y kn know ow wi with th ce cert rtai aint nty y as to what the objects of the company are and as to whether the con co ntract ctu ual re rel lation int nto o whi hic ch the hey y ar are e goin ing g to enter the comp co mpan any y is wi with thin in th the e ob obje ject cts s of th the e co comp mpan any y.

1.The name of the company: ‘limited’ & ‘private limited’. 2.The state in which the reg egi istere red d off ffi ice of th the e co com mpany is to be sit situate uated d. 3.Th The e ob obje ject ct of th the e co comp mpan any y wh whic ich h sh shal all l be cl clas assi sifi fied ed as: a. Th The e ma main in ob obje ject cts s of th the e co comp mpan any y; b. Ob Obje ject cts s in inci cide dent ntal al or an anci cill llar ary y to th the e at atta tain inme ment nt of th the e main objects , and c. Other objects of the company not included in (a) and ( b). 4.In th the e ca case se of co comp mpan anie ies s (oth ther er th than an tr trad adin ing g co corp rpor orat atio ion ns) wi with th objects not confined to one State, the States to whose territo terr itories ries the obj object ects s ext extend end. 5.Li Liab abil ilit ity y of th the e me memb mber ers s: th the e me memo mora rand ndum um of a co comp mpan any y li lim mit ited ed by shar sh ared ed or by gua uara rant ntee ee sha hall ll al also so st stat ate e th that at th the e li lia abi bili lity ty of its it s me memb mbers ers is li limit mited ed. 6.Sh Shar are e cap apit ital al: in th the e ca case se of a com ompa pan ny ha havi ving ng sh shar are e ca capi pita tal l the memo me mora rand ndum um sh shal all l st stat ate e th the e am amou ount nt of sh shar are e ca capi pita tal l wi with th wh whic ich h the th e co com mpa pany ny is to be re regi gist ster ered ed an and d th the e div ivis isio ion n th the ere reof of in into to shar sh ares es of a fi fixe xed d am amou ount nt.

ØPrinted Ø ØDi Divid vided ed int into o pa para ragra graph phs s num numbe bered red con conse secut cutiv ivel ely y, an and d Ø ØSi Sign gned ed by 7(2 in ca case se of pr priv ivat ate e co comp mpan any y) sub ubsc scri ribe bers rs.

ØTh Thes ese e ar are e th the e ru rule les s, re regu gula lati tio ons an and d bye bye-la laws ws for th the e in inte ter rna nal l mana ma nage geme ment nt of th the e af affa fair irs s of a co comp mpan any y. Ø ØThey define the duties, rights, powers and authority of the shareh shar ehol olde ders rs an and d th the e di dire rect ctor ors s in th thei eir r re resp spec ecti tive ve ca capa paci cit tie ies s and an d of th the e co comp mpan any y.

Ø ØIt al also so def efin ines es th the e mo mode de and and fo form rm in wh whic ich h th the e bu bus sin ines ess s of th the e comp co mpan any y is to be ca carr rrie ied d ou out t.

1.Share capital, rights of shareholders, variation of these right rig hts s, pa paym yment ent of co comm mmiss issio ion n. 2.Li Lien en on sh shar are e 3.Ca Call lls s on sh shar are e 4.Tra Trans nsfer fer of sh share ares s 5.Tran Transmis smissio sion n of sha shares res 6.For Forfe feitu iture re of sha share res s 7.Con Conve versi rsion on of sha share res s in into to sto stock ck 8.Shar Share e warr warrants ants 9.Alte Alterati ration on of capi capital tal 10 .Ge Gene neral ral me meeti eting ngs s an and d pr proc oceed eedin ing g th there ereat at 11 .Vo Voti ting ng ri righ ghts ts of me memb mber ers s, vo voti ting ng an and d po poll ll 12 .Dire rec cto tor rs, the hei ir ap app pointm tmen ent t, re rem munera rat tion, qualifi fic cat ati ion, power pow ers s an and d pro procee ceedi ding ngs s of Boa Board rd of Dir Direc ector tors s 13 .Mana Manager ger, Sec Secreta retary ry 14 .Divi Dividend dends s and res reserve erves s 15 .Ac Acco count unts s, au audi dit t an and d bo borro rrowi wing ng po powe wers rs 16 .Capi Capitali talizat zation ion of pro profit fits s

1.Mu Must st no not t be in inco cons nsis iste tent nt wi with th th the e Ac Act t. 2.Mus Must t not co confl nflict ict wi with th th the e me memor moran andum dum. 3.Mus Must t not sa sanct nction ion an anyth ythin ing g il illeg legal al. 4.Mu Must st be fo for r th the e be bene nefi fit t of th the e co comp mpan any y. 5.Mus Must t not in incre crease ase li liabi abili lity ty of me memb mbers ers. 6.Alt Alter erati ation on by spe speci cial al re reso solut lution ion on only ly. 7.Approval of central government when a conve con verte rted d in into to a pr priv ivate ate co comp mpany any. 8.Bre Breac ach h of co cont ntrac ract t. 9.No po powe wer r of th the e Co Cour urt t to am amen end d Ar Arti ticl cles es. 10 .Al Alte tera rati tion on ma may y be du due e to pa past st ev even ents ts.

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