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Under the companies Act,1956

(1 of 1956)

(Company Limited by Shares)



I). The name of the company is VSN LABORATORIES PRIVATE LIMITED.

II). The Registered Office of the Company shall be situated in the State of Andhra Pradesh.

III). The Objects for which the Company is established are:


1. To carry on the business to manufacture, produce, process, prepare, treat, disinfect, compound,
formulate, mix, concentrate, pack, re-pack, refine, add, remove, pure, preserve, grade, freeze, distillate,
boil, sterilize, improve, extract, dispose, develop, research, discover, manipulate, market, supply, and
to act as agent, franchisee, broker, adatia, representative, consultant, collaborator, stockiest, laisioner,
middleman , job worker or otherwise to deal in all types of basic drugs, bulk drugs, intermediates,
tonics, antibiotics, enzymes, steroids, vitamins, hormones, biological & immunological chemicals,
contraceptives, surgical plaster of Paris, surgical dressings, belladonna plasters, dressings, bandages,
wadding, gauzes, adhesives, belts, sutures, ligatures, rubber goods, vaccines, toxins, ferments, yeasts,
medical gases, diagnostic agents, oils and tinctures; medicinal products in all forms such as capsules,
tablets, powders, ointments, syrups, injectables, pills, fluids, granules, sprayers, inhalers, mineral
waters, droppers, removers, etc.; veterinary medicines, poultry medicines, herbal products, their by-
products, intermediates, residues, mixtures, compounds, and other allied goods and to do all acts and
things necessary for the attainment of the above objects.

2. To carry on the business of buying, importing, exporting, distribution, marketing and trading of
Chemicals, formulations, intermediates, bulk drugs, fine chemicals , medicines, and industrial


1. To acquire, take over and undertake the whole or any part of business as a going concern along with
all assets, liabilities, licences, quotas, rights, entitlements etch from any person or partnership firm,
company carrying on or engaged in or about to carry on or engage in, any business or transaction
which this company is authorized to carry on or engage in or any business or transaction capable of
being conducted so as to directly or indirectly benefit this company.

2. To acquire equipment, tools, materials and machinery as are required to achieve the objects for which
the company is incorporated.

3. To establish, provide, maintain, conduct . run research and other institutions, colleges, schools, and
other institutions for training education and instruction of students and others who may desire to avail
themselves of the same and to provide for the delivery and holding of lectures, demonstrations,
exhibitions, classess, meetings and conferences in connection therewith.

4. To acquire and hold the benefits and obligations of any other Company with a third party under any
agreement or contract including foreign, technical and financial collaboration agreements relating to
any industry or business which the Company is authorised to carry on.

5. To act as Sales Promotion Agents, Product and Market Research Agents, Computerized date Bank and
Canvassers on behalf of any individuals, firm, company, Government, Semi and Quasi-government
organisation. To organise and conduct exhibition and fashion Parade shows for advertisement and
publicity purposes.

6. To produce and distribute documentary and/ or advertising films for any product or service and to
acquire exhibition and distribution rights for such films.

7. To enter into collaboration arrangements as joint ventures or otherwise with parties in India or abroad
for the promotion, improvement, implementation of any or all the objects of the Company.

8. To provide and arrange for technical, professional and management training, education and advice to
any person or body in respect of any matter or problem connected with or incidental to the objects of
the Company.

9. To take or otherwise acquire and hold shares in any other company having similar objects.

10. To purchase, take on lease or in exchange, hire or otherwise acquire any immovable or movable
property, and any rights or privileges which the Company may think necessary or convenient for the
purposes of its business and in particular any land, buildings, easement, machinery, plant and stock-in-
trade; and either to retain any property so acquired for the purpose of the Company’s business or to
turn the same to account as may seem expedient.

11. To construct, improve, maintain, develop, work, manage, carry out or control any buildings, factories,
or works or any roadways, railways, branches or slidings, bridges, wells, reservoirs, water courses,
wharves, warehouses, electric works, shops, stores, chawls and other buildings for housing work-
people and others, or other works and conveniences which may seem necessary for the business of the
company and to contribute to, subsidise or otherwise assist or take part in the construction,
improvement, maintenance, development, working, management, carrying out or control thereof.

12. To develop and turn to account any land acquired by or in which company is interested and in
particular laying out and preparing the same for building of houses, hotels, resorts, flats, plots and for

13. To lend money to such persons or Companies and on such terms as may seem expedient and in
particular to customers and others having dealings with the Company, and to guarantee the
performance of contracts by and obligations of any persons or Companies and to give all kind of
indemnities in connection with the business of the Company.

14. To apply for, purchase, or otherwise acquire any patents, brevets inventions, licences, concessions and
the like, conferring any exclusive or non-exclusive or limited rights to use or any secret to other
information as to any inventions which may seem capable of being used for any of the purpose of the
Company or the acquisition of which may seem calculated, directly or indirectly the company, and to
use, exercise, develop or grant licences in respect of or otherwise turn to account the property, rights or
information so acquired.

15. To establish, provide, maintain and conduct or otherwise subsidise research laboratories and
experimental workshops for scientific and technical researches, experiments and tests of all kinds and
to promote studies and research, both scientific and technical, investigations, and inventions by
providing, subsidising, endowing or assisting laboratories, workshops, libraries, lectures meetings and
conferences and by providing for the remunerations of scientific or technical professors of teachers and
by providing for the awards, scholarships, prizes and grants to students, or otherwise and generally to
encourage, promote, and reward studies, researches, investigations, experiments, tests and inventions
of any kind that may be considered likely to assist any of the business which the company is authorised
to carry on.

16. To establish branches or appoints agencies in India and outside India for or in connection with any of
the objects of the company

17. To adopt such means of making known the business of the company as may seem expedient and in
particular by advertising in the press by circulars purchase and exhibition of the work of the art or
interest by publication of books and periodicals and by granting prizes rewards and donations by
sponsoring activities including sports cultural activities and the like.

18. To establish and support, or aid in the establishment and support of associations, institutions, funds,
trusts and conveniences calculated to benefit employees or ex-employees of the Company, or its
predecessors in business, or the dependants or connections of such persons and to grant pensions and
allowances, and to make payment towards insurance, and to subscribe or guarantee money for
charitable or benevolent objects, or for any exhibition or for any public, general or useful objects.

19. To enter into any arrangement with any Government or authority, municipal, local or otherwise, that
many seem conducive to the Company’s objects or any of them, and to obtain form any such
Government or authority all rights, concessions and privileges which the Company may think it
desirable to obtain, and to carry out, exercise, and comply with any such arrangements, rights,
privileges and concessions.

20. To obtain any provisional order or act of the government of India or any provincial government far
enabling the company to carry any of its main objects into effect for effecting any modification of the
company to s constitution or for any other purpose which may seem expedient and to oppose any
proceedings or applications which may seem effective directly, or indirectly, to prejudice the
Company’s interests.

21. To enter into partnership or into any arrangement for sharing profits or for any union of interest, joint
venture, reciprocal concession or co-operation with any person or persons or company or companies
carrying on or engaged in, or about to carry, on engage in, or being authorised to carry on engage in, or
in any business or transaction which this Company is authorised to carry on engage in, or in any
business or transaction capable of being conducted so as directly or indirectly to benefit this Company.

22. To sell, grant licences, easements and other rights over and in any other manner deal with or dispose of
the undertaking, property, assets, rights and effects of the Company, or any part thereof, for such
consideration as the Company may think fit, and in particular for share debentures or securities of any
other Company.

23. To amalgamate, with or to acquire and carry on any other business auxiliary to the business of the
Company or connected therewith or which may seem to the Company capable of being conveniently
carried on in connection with the above or calculated directly or indirectly to enhance the value of or
render more profitable any of the Company’s property, and to give or accept by way of consideration
for any of the acts or things aforesaid or property acquired, any share, debenture, debenture-stock or
securities that may be agreed upon and to hold and retain, or sell, mortgage and deal with any shares,
debentures, debenture-stock or securities so received or given.

24. To promote or join in the promotion of any Company or companies for the purpose of acquiring all or
any of the property rights and liabilities of that company, or for any other purpose which may seem
directly or indirectly calculated to benefit this Company and to underwrite share and securities therein

25. To undertake the activity of transporters, general carriers, railway and forwarding agents, warehouse
and C& F agency

26. To participate/submit the tenders/quotations to state or central or quasi governments or public/private
sector undertaking for any contracts, supply of material & equipment and to undertake any service.

27. Subject to sections 293 and 293A of the Companies Act, 1956 to support, contribute and to make
donations to persons or institutions either of cash or any other assets as may be thought directly or
indirectly conducive to any of the Company’s objects or otherwise expedient and in particular to
remunerate any person or corporation introducing business to this Company and to subscribe,
contribute or otherwise assist or guarantee money for charitable, scientific, religious or benevolent,
national, public general or other objects or for any exhibition or for any public, general or other objects
and to establish and support or aid in establishment and support of associations, institutions, funds,
trusts and conveniences for the benefit of the employees or of person having dealing with the Company
or the dependants, relatives or connection of such persons and in a particular friendly or other benefit
societies and to grant pension, allowances, gratuities and bonuses either by the way of annual
payments or a lumpsum and to make payments towards insurance and to form and contribute to
provident and benefit fund of or for such persons.

28. To refer or agree to refer any claims, demands, disputes or any other questions by or against the
Company, or in which the Company is interested or concerned, and whether between the Company and
the member or members of his or their representatives or between Company and third party, to
arbitration in India or at any place out side India, and to observe and perform and to do all acts, deeds,
matters and things to carry out or enforce the awards.

29. Subject to section 58A of the Companies Act and the directives of the Reserve Bank of India to
borrow, raise or secure the payment of money in such manner as the Company shall think fit, and in
particular by mortgagee or by the issue of debentures or debenture stock, perpetual or otherwise,
charged upon all or any of the Company’s property (both present and future) including its uncalled
capital, and to purchase, redeem and pay off any such securities.

30. To invest and deal with the surplus moneys of the Company in such manner as may form time to time
be determined.

31. To draw, make, accept, endorse, discount, execute and issue bills of exchange, promissory notes, bills
of lading, warrants, and other negotiable or transferable instruments or securities etc., but not to do the
business of Banking as defined in the Banking Regulation Act, 1949.

32. To remunerate any person or company for services rendered, or to be rendered in or about the
formation or promotion of the company, or the acquisition of property by the Company or the conduct
of its business.

33. To sell, improve, manage, develop, exchange, lease, mortgage, dispose of turn to account or otherwise
deal with all or any part of the property and rights of the Company for the time being.

34. To insure the whole or any part of the property of the Company either fully or partially, to protect and
indemnify the Company from liability or loss in any respect either fully or partially, and also to insure
and to protect and indemnify any part or portion thereof either on mutual principle of otherwise.

35. To do all or any of the above things either as principals, agents trustees, contractors or otherwise and
through agents, sub-contractors, trustees or otherwise and either alone or in conjunction with others.


1. To carry on the manufacturing, marketing, distribution of any kinds of beverages.

2. To carry on the business of buying, processing, producing, converting, importing, exporting of,
tobacco, cotton, chillies , pickels and spices of all kinds.

3. To carry on the business of placement services in India and outside India and to act as agent for
recruitment of technical and non-technical personnel.

4. To carry on the business of buying, processing, distribution, production of ceramics and packing
materials of various kinds.

5. To carry on the business of Printing press, Publishing, distribution and Sale of Books, Periodicals,
Newspaper and Stationery.

6. To carry on the business of agents of all kinds and descriptions and also carry on business of imports
and Export.

7. To carry on the business of leasing and hire purchase.

IV. The liability of the members of the Company is limited.

V. The authorised share capital of the Company is Rs.50,00,000/- (Rupees Fifty Lakhs Only)
divided into 50,000 (Fifty thousand )equity shares of Rs.100/-( Rupees One Hundred as) each with
rights and conditions attaching thereto, as are provided by the regulations of the Company for the
time being with power to increase, reduce, divide the share in the capital for the time being into
several classes and to attach thereon respectively such preferential, deferred, qualified or special
rights, privileges or conditions as may be determined by or in accordance with the regulations of
the Company for the time being and to vary modify or abrogate any such rights privileges or
conditions in such manner as may be permitted by the Companies Act. 1956 or provided by the
regulations of the Company for the time being.

VI. We the several persons, whose names, addresses and descriptions are subscribed, are
hereto and desirous of being formed into a company in pursuance of this Memorandum of
Association and we respectively agree to take the number of shares in the capital of the
company as set opposite to our respective names.

SL Names, Addresses, Description Number of Equity Signature with Name,
No & Occupation of Subscribers Shares Taken by address, description and
& Signatures Each subscriber occupation of witness

Sd/-Chartered AccountantHyderabad 500 0046-2-913/12, KhairatabadS/o Y S R AnjaneyuluRama Sharma Yamarthi
1 V. Nageswara Rao 4,000
S/o V. Ankamma Rao Four Thousands
Plot No.101, Green Avenues
Rasi Developers
Nizampet Road
Hyderabad 500 072

DOB: 02-06-1966
OCC: Business


2 K V Mohan Rao
S/o K. Veeraiah 2,000
Flat No. 202 Two Thousands
J M D Lords
Near Chaitanya Womens’
Bharathi Nagar
Road No.7
Vijayawada 520 010

DOB: 10-06-1963
OCC: Business


Total No of Equity Shares Taken 6,000( Six Thousands)

Place: Hyderabad
Date: 22-05-2009