MEMORANDUM OF ASSOCIATION | Sample
MEMORANDUM OF ASSOCIATION OF EASTERN PRIVATE LIMITED
- Name of the company:
The name of the company is Eastern Private Limited
- Registered Office:
The Registered Office of the company will be situated at ……………… in the State of ………………………
- The objects to be pursued by the company immediately after incorporation are:3.1 Main object:
To acquire by purchase the business of publishers of journals and periodicals carried on under the names and styles of Indian Journal of Power and River Valley Development and Indian Mining Journal as going concerns with all the assets and liabilities, pending contracts, rights, privileges and goodwill attached thereto.
3.2 Incidental object:
The objects incidental to and ancillary to attainment of the main objects are:
(a) To carry on the business of printers and publishers of books, journals, periodicals, newspapers, magazines, etc., in different languages and to organise their sales in India and outside India directly or through agents.
(b) To carry on the business of advertising agents for publicity through journals and periodicals, cinema slides, neon signs, and all other modes of advertisement.
(c) To carry on the business of importers, exporters, traders, agents, printers, contracts, brokers, and dealers of all commodities that may be found profitable by the company.
(d) To initiate, promote, encourage, facilitate and support financially or otherwise research of all kinds of scientific or natural phenomena whether directly or indirectly connected with any of the above subjects.
3.3 The other objects for which the company is established are as follows:
(i) To acquire and undertake the whole or any part of the business of any concern either private or public company, firm or individual which may in the opinion of the company be carried on conveniently.
(ii) To apply for, purchase or otherwise acquire any patents, licences, concessions and the like conferring any exclusive or non-exclusive or limited right to use, make or deal with or the acquisition of which may be calculated directly or indirectly to benefit the company.
(iii) To enter into partnership or any other arrangement for sharing profits, union of interests, co-operation, joint venture, reciprocal concessions with any person, firm or company carrying on or engaged in or about to carry on or engage in any business or transaction which the company is authorised to carry on or engage in or any business or transaction capable of being conducted so as to benefit the company directly or indirectly.
(iv) To enter into any agreement with any Government, railway, body corporate, corporation or other authorities supreme, municipal, local or otherwise and private or public bodies that seem competent or undertake operations similar to those undertaken by this company and conducive to the company’s objects or any of them and to obtain from any such Government, railway, body concessions which the company may think desirable to obtain and to carry out, exercise and comply with any such arrangements, rights, privileges and concessions.
(v) To advance and lend money upon such security as may be thought proper or without taking any security and to invest and deal with the money of the company not immediately required upon such securities.
(vi) To borrow or raise or secure payments of money in such manner as the company shall deem fit and in particular by issue of debentures charged upon all or any of the company’s properties, both present and future, including its uncalled capital and to purchase, redeem and to pay off any such securities or debentures.
(vii) To draw, accept, make, endorse, discount and negotiate bills of exchange, promissory notes and other negotiable instruments, coupons, drafts, bills of lading, railway receipts, debentures, certificates, securities, and other instruments and securities whether transferable or negotiable or not.
(viii) And generally to do all such other things as are incidental or conducive to the attainment of the objects or any of them and the intention is that the objects set forth in all the paragraphs of this clause shall have the widest possible construction and shall be in no way limited or restricted by reference to or in reference from the terms of any other paragraphs of this clause.
The liability of the members is limited.
The capital of the company is Rs. 21,000 divided into 2,100 Equity shares of Rs. 10 each with the power to increase or reduce the capital as may be determined by the company in General Meetings from time to time.
We, the several persons whose names, addresses and descriptions are subscribed hereto are desirous of being formed into a private limited company in pursuance of this Memorandum of Association and we are respectively agreeable to take the number of shares in the capital of the company set opposite to our respective names.
|Names, Addressesand Description||Number ofShares taken||Witness|
Dated the …………… day of …………… 2000.