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TERM PAPER OF CORPORATE AND

BUSSINESS LAW

COMPANY NAME:

LUXLY ELECTRONIC
GOODS

SUBMITTED TO:-

Mr.R.S. Deol
SUBMITTED BY
REHAN QADIR (06)
Pooja Devi (ROLL no.-A08)
Salma Bano (ROLL NO.-A09)

ACKNOWLEDGMENTS

The most precious moments are those when we get an opportunity


to remember and thank everyone who has in some way or the
other motivated and facilitated us to achieve our goals.
First of all I thank to god almighty for giving me power to pen
down the term paper in its present shape. I thank the entire
teaching staff especially Mr.R.S Deol for sharing his valuable
knowledge with us & for providing his able guidance and
support. I also thank to my classmate who every time helped
me out and encouraged me for carrying out the task.
I fall short of words to thank my family, who stood beside me
while completion of my task .

INTRODUCTION
A company, formed and registered under the Company Act 1956, is
regarded by law as a single person, having specified rights and obligations.
The latest amendment to the Act was made in 2006 by the Companies Act,
2006.

A company is an association of a number of persons, formed for some


common purpose and registered according to the law relating to companies.
Section 3(1) (I) of the Companies Act, 1956 states that a company means, A
company formed and registered under this Act or an existing company.
According to Lord Justice Lindley, By a company is meant associations
of many persons who contribute money or moneys worth to a common stock
and employ it for a common purpose. The common stock so contributed is
denoted in money and is the capital of the company. The people who
contribute it or to whom it belongs are members. The proportion of capital to
which each member is entitled is his share.

FORMATION OF A COMPANY
Before a company can be formed the following steps must be
taken:
If we are formed a company we prepare Memorandum of
association and the Article of association must be prepared.
These two documents must be filed when the application is made
for the registration and incorporation of the company. The
Companies Act lays down rules regarding the preparation of the
memorandum. Schedule I to the Act of 1956 contains four model
forms for use in different cases.

If the company to be formed intends to participate in an industry


which is included in the scheduled annexed to the industries
(Development and Regulation) Act, 1951, a license must be
obtained under the Act.
The company must be registered in accordance with the
provision of the companies Act, 1956 and a certificate of
incorporation must be obtained.
The prospectus or the statement of prospectus must be issued
and registered with the registrar.
The minimum capital also include in this statement.
The certificate for the commencement of business must be
obtained from the Registrar.

Memorandum of Association and Rules:


Name Clause: The name of the company shall be laxly electronic goods
company (TV, LCD, display and ac)
Registered office clause: The registered office of the company shall
be situated at the office of the jalandhar, Punjab.
General body: laxly annual general body consists of all laxly
members, staff members honorary member.
Quorum: the minimum number of members required for a meeting to
be conducted or a resolution to be passed.
Voting: in case of failure to achieve unanimous decision, any issue can
be put to voting. Any such voting shall be electronically managed.
A process of sharing information or any information that is passed to
any member or groups of members of the general body using one or
more written medium of communication.
To offer expertise, effort and financial resources to assist not for profit
organizations dedicated to Indias development, and there by
contribute to the well-being of society.
Objective clause:
Towards achieving the above mission, laxly will focus on the following
objectives:
To provide a platform for social interaction and special interest groups;
To manufacture the range of electrical goods.

To set up marketing distribution system for the product range.


To set up after sell service obliegance customer can centre to call the
problems public issue related to the consumer.
To raise funds for the company;
To provide groups benefits like health service, health insurance,
medical service etc.
To mobilize funds required to manage the affairs and activities of the
company.
To further such objects as the general body may decide from time to
time. The name, address, and occupation of the members subscribing
to the
Liability clause: The liability of the members is limited.
memorandum of association the date of formation:
Capital clause: The capital of company 1000000000lake divided into
100000000equity share of RS/-10 each with power to issue any of
shares in the capital, original or increased with or subject to any
preferential, special or qualified rights or conditions, as regards
dividends, repayment of capital, voting or otherwise.
Name

Address

Occupation

1 Mr. Aamir
Khan

Dept. of Civil Egg.


36

Professor
(President) (Sd.)

2 Mr. Vipul
Sagar

F.46/3, HIG
1,Delhi 41

Company
Executive(Vice
President) (Sd.)

3 Mr. R. Deepak

IC&SR Senior
Techno Economic
Officer

(Joint Secretary)
(Sd.)

4 Miss. Pooja
Brar

Dept. of Mech.
Engaging. IIT,
Delhi 36

Professor(Treasurer)
(Sd.)

5 Mr.Lokesh
Sharma
6 Dr. L.S. Anshu

1, Model Town,
Jhalandher 17
Dept. of
Humanities &
Social Sciences,

Business Secretary
(Sd.)
Professor (Member)
(Sd.)

phagwara - 36
7 Mr. Saleem
Khan

C3-19, jhalander

8 Miss. Salma bano

56, Model Town

Company Executive
(Member) (Sd.)
Director of company

III Floor, 17,


Jagadambal St. T.
Nagar, Madras
17

Business (Member)
(Sd.)

10 Mr. K. Ajay

Main Road, Model


Town

Business (Member)
(Sd.)

11 Dr. Ajeem
deol

Dept. of Civil
Engg.Punjab 36

Lecturer (Member)
(Sd.)

12 Mr. V.Ravi
kumar

Sector
2,Chandigarh

Business (Member)
(Sd.)

13 Mr. Punit
thakur

5, Harban State,
Jhalandher

Company Office
(Member) (Sd.)

14 Dr.
K.D.Sharma

Dept. of
Chemistry IIT,
Punjab 36

Scientific
Officer(Member)
(Sd.)

Mr. K.K. Raman

Area of Operation Clause: Roorkee,(u.k.)Bengal, Bihar, Madhya Pradesh,


Delhi, Punjab, Jammu and Kashmir, Uttar Pradesh, Orissa, Karnataka, Tamil
Nadu, Kerala.

ARTICLES OF ASSOCIATION

Membership: The Company shall consist of Patrons, Fellows, Life


Members, Ordinary Members, Institution Members and Learned Bodies,
as follow
Fellows: Shall be persons, who are eminent and have contributions to
Science and Technology, with particular reference to growing of
Orchids and recommended by the Executive Committee and who would
be willing to pay a sum of Rs.2,500/- (Rupees Two Thousand Five
Hundred Only) as one-time lump-sum payment towards membership.
Life Members: Shall be persons who are interested in the aims and
objectives of the Association and are willing to pay a lump- sum
subscription ofRs.1, 000/- (Rupees One Thousand Only)
And are accepted as such by the f the Executive Committee. However, in
the case of retired persons and those who have attained the age of 60
(sixty only), the subscription shall be Rs.500/- (Rupees Five Hundred Only)
and accepted by the Executive Committee.
Ordinary Members: Shall be persons who pay a membership fee of
Rs.100/- (Rupees One Hundred Only) per annum; plus an admission fee
of Rs.10/- (Rupees Ten Only) payable in the first year only and are
accepted as such by the Executive Committee.
Institution Members & Learned Bodies: Shall be those who pay
twice the fees paid by the Fellows and/or Rs. 5,000/- (Rupees Five
Thousand only), and are accepted as such by the recommendation of
the Executive Committee.

ADMINISTRATIVE BODIES OF THE


ASSOCIATION:
There shall be TWO (2) administrative bodies of the
Association:A. General Body
B. Executive Committee.
A. The General Body of the Association:

The General Body consists of all the members including the


following elected members of the Association:
(a) The President
(b) Vice- President
(c) Secretary
(d) Treasurer
(e) Three Executive Members All

Functions of the General Body:


To ensure smooth and efficient working of the Association
to review the annual report and audited statement of
accounts.
To consider and adopt amendment of the rules whenever
necessaries.
To make recommendations on matters of broad policy for
furtherance of the aims and objectives of the Association.

SHARE CAPITAL CHANGE:


The Authorized Share Capital of the company is Rs. 100,00,00,000 divided
into 10,00,00,000 Equity Shares of Rs. 10 each (Rupees ten only) provisions
of the Companies Act, 1956.
The Company increase and decrease the capital in General Meeting, may
from time to time, increase its capital by the creation of new shares, equity
share capital such increase to be of such aggregate amount and to be
divided into shares of such amounts as the resolution.
Capital Reduction format:
Company change the capital from time to time by Special Resolution, reduce
its capital and any Capital Redemption Reserve Account or Share Premium
Account in any manner for the time being authorized by law, and in
particular, capital may be paid off on the footing that it may be called up
again or otherwise
.
Acceptance of shares:

Any application signed by, or on behalf of, an applicant for


shares in the Company followed by an allotment of any
shares therein, shall be an acceptance of shares within the
meaning of these Articles.
Every person who thus or otherwise accepts any shares
and whose name is entered in its Register of Members
shall, for the purpose of these Articles, is a member of the
Company.
Share Certificate:
The share certificates shall be issued in market lots and
where share certificates are issued in either more or less
than market lots, sub- division or consolidation of share
certificates into market lots shall be done free of charge.
Directors may sign a share certificate by affixing their
signature thereon by means of any machine, equipment or
other mechanical means, such as engraving in metal or
lithography, but not by means of a rubber stamp, provided
that the Director shall be responsible for the safe custody
of such machine, equipment or other material used for the
purpose.
Company have no fee shall be charged for issue of new share
certificates in replacement of those which are old, decrepit, worn out. If
a share certificate is lost or destroyed, a new certificate in lieu thereof
shall be issued only with the prior consent of the Board and on
payment of such fee, not exceeding Rupees two as the Board may from
time to time fix, and on such terms.
If any, as to evidence and indemnity as to payment of such out-ofpocket expenses incurred by the Company in investigating evidence,
as the Board thinks fit. When a new share certificate has been issued in
pursuance of Clause (c) of this Article, it shall state on the face of it
and against the stub or counterfoil to the effect that it is a duplicate
issued in lieu of share certificate No_________. The word duplicate
shall be stamped or punched in bold letters across the face of the
share certificate.
CALLS OF COMPANY:
Directors may from time to time, subject to the terms on which any
shares may have been issued and subject to the conditions of
allotment, by a resolution passed at a meeting of the Board (and not
by circular resolution) make such calls as it thinks fit upon the
Members in respect of all monies unpaid on the shares held by them
respectively and each member shall pay the amount of every call so

made on him to the person or persons and at the time and place
appointed by the Board.

Notice of calls:
After thirty days notice in writing of any call shall be given by the
Company specifying the time and place of payment, and the person or
persons to whom such calls shall be made.

Terms of notice:
The notice shall name a day (not being earlier than the expiry of
fourteen days from the date of service of notice) and a place or places
on and at which such call or installment and such interest thereon at
such rate.
As the Directors shall determine from the day on which such call or
installment ought to have been paid and expenses as aforesaid are to
be paid.
The notice shall also state that, in the event of the non-payment at or
before the time and the place appointed, the share in respect of which
the call was made or installment is payable will be liable to be
forfeited:

RETIREMENT OF MEMBERS:
Membership shall be transferable only under the conditions in Article 7,
and shall cease in the case of any member:
if by notice given to the Secretary a member resigns his membership;
If any subscription or membership fee due from such member to the.
Any Core Member shall be entitled to transfer its membership rights and
privileges to its successor body by giving notice to the Secretary
identifying the transfer.

GENERAL MEETINGS:
In each year the Company shall hold a general meeting as its Annual
General Meeting in addition to any other meetings in that year, and shall

specify the meeting as such in the notice calling it. Not more than fifteen
months shall elapse between the date of one Annual General Meeting of
the Company and that of the next. The Annual General Meeting shall be
held at such time and place as the Board shall appoint.
All general meetings other than Annual General Meetings shall be called
Extraordinary General Meetings. The Board may convene an
Extraordinary General Meeting whenever it thinks fit. If at any time there
are not within the United Kingdom sufficient members of the Board to
form a quorum at a Board meeting, any director or any two Core
Members may convene an Extraordinary General Meeting in the same
manner as nearly as possible as that in which meetings may be convened
by the Board.
An Extraordinary General Meeting may also be convened by the Board if
it is requisitioned by members as provided by the Act. For the purpose of
determining the necessary number of requisitionists, the Institutional
Members shall be treated as if they had the right to vote at general
meetings of the Company PROVIDED THAT the object of the meeting as
stated in the requisition may only extend to matters on which Institutional
Members shall be entitled to vote in accordance with Article 25. Any
requisition made by members shall state the object of the meeting
proposed to be called, and shall be left at the registered office of the
Company.
Upon receipt of such requisition the Board shall proceed immediately to
convene a general meeting; if it does not proceed to convene the meeting
within twenty-one days from the date of the requisition, the requisitionists
may convene a meeting themselves.
An Annual General Meeting and a meeting called for the passing of a
special resolution shall be called by at least twenty-one days notice in
writing, and a meeting of the Company other than an Annual General
Meeting or a meeting for the passing of a special resolution shall be
called by at least fourteen days notice in writing. The notice shall be
exclusive of the day on which it is served or deemed to be served and of
the day for which it is given, and shall specify the place, the day and the
hour of the meeting, the general nature of the business to be transacted,
and the text of any special or extraordinary resolutions.
A general meeting may be called by shorter notice than that specified in this Article if it is
so agreed:
(a) in the case of a meeting called as the Annual General Meeting, by all the
members entitled to attend and vote at the meeting; and

(b) in the case of any other meeting, by a majority in number of the members
having a right to attend and vote at the meeting, being a majority together
representing not less than ninety-five per cent of the total voting rights that may
be cast on a poll at that meeting.

A notice calling any general meeting of the Company shall be given in


the manner described in Articles 66 to 69 or in such other manner, if
any, as may be prescribed by the Company in general meeting, to all the
members of the Company having the right to vote in respect of any of
the business to be transacted at the meeting, to all the directors, and to
the Auditors. All members of the Company shall be entitled to receive
notice of, and attend at, any Extraordinary General Meeting called
pursuant to Articles 9, 10 and 11.
The accidental omission to give notice of a meeting to, or the nonreceipt of notice of a meeting by, any person entitled to receive it shall
not invalidate the proceedings at that meeting.

PROCEEDINGS AT GENERAL MEETINGS:


No business shall be transacted at any general meeting or any meeting of a
class meeting of members unless a quorum of members is present at the time
when the meeting proceeds to business; except as provided below, two Core
Members present in person or by proxy shall be a quorum except that if a
meeting shall be requisitioned by Institutional Members pursuant to Article
10.
If within half-an-hour from the time appointed for the meeting a quorum is
not present, the meeting, if convened upon the requisition of members, shall
be dissolved; in any other case it shall stand adjourned to the same day in the
next week, at the same time and place, or to such other day and at such other
time and place as the Board may determine. If at the adjourned meeting a
quorum is not present within half-an-hour from the time appointed for the
meeting, the members present shall be a quorum.
As vote pursuant to Article 22) they shall not be entitled to vote at such
meetings. The Chairman of the Board or failing him the Core Member
Director shall preside as chairman at every general meeting of the Company
and at class meetings of members, or if there is no such chairman, or if
neither of them is present within fifteen minutes after the time appointed for
the holding of the meeting or both are unwilling to act, the members of the
Board present shall elect one of their number to be chairman of the meeting.

With the consent of any meeting at which a quorum is present, the chairman
may adjourn the meeting from time to time and from place to place, and the
chairman shall do so if so directed by the meeting. However, no business shall
be transacted at any adjourned meeting other than the business left unfinished at
the meeting from which the adjournment took place. When a meeting is
adjourned for thirty days or more, notice of the adjourned meeting shall be
given as in the case of an original meeting. Otherwise it shall not be necessary
to give any notice of an adjournment or of the business to be transacted at an
adjourned meeting.
At any general meeting or class meeting of members, a resolution put to the vote
of the meeting shall be decided on a show of hands unless (before or on the
declaration of the result of the show of hands) a poll is demanded:
(a)

By the chairman; or

(b) By at least two members of the Company having the right to vote at that
meeting and present in person or by proxy; or
(c) by any member or members of the Company present in person or by proxy
and representing not less than one-tenth of the total voting rights of all the
members of the Company having the right to vote at the meeting.
Unless a poll is so demanded, a declaration by the chairman that a resolution has been
carried or lost, whether unanimously or by a particular majority, on a show of hands, and
an entry to that effect in the book containing the minutes of proceedings of the Company,
shall be conclusive evidence of the fact, without proof of the number or proportion of the
votes recorded in favor of or against such resolution. The demand for a poll may be
withdrawn.

VOTES OF MEMBERS:
Except as otherwise provided in these Articles, every Core Member shall have
one vote at general meetings and at class meetings of Core Members. Every
Institutional Member shall have one vote at class meetings of Institutional
Members but shall not have a vote at general meetings except on a resolution
concerning the appointment/re-election or removal of any Institutional
Member Directors and the Core Members shall have no right to vote on such a
resolution.

Present in person or by proxy. The appointment of a proxy shall be executed


by or on behalf of the appointor. A proxy need not be a member of the
Company.
The appointment of a proxy and any authority under which it is executed or a
copy of that authority, certified by a solicitor or authenticated in such other
way as the Board may require, must be received:
(a) at the registered office of the Company or at such other place within the
PUNJAB or address for electronic communication as is specified for that purpose
in the notice convening the meeting, or in any form of appointment of proxy sent
out by the Company in relation to the meeting, or in any invitation contained in an
electronic communication to appoint a proxy issued by the Company in relation to
the meeting;
And
(b) not less than forty-eight hours before the time for holding the meeting or
adjourned meeting at which the person named in the appointment proposes to vote
or, in the case of a poll, not less than twenty-four hours before the time appointed
for the taking of the poll; and if the appointment does not comply with this Article
the appointment of the proxy shall not be treated as value.
The appointment of a proxy shall be in the following form or as
near a form as circumstances admit or in any other form which the
Board may approve:

LAXLY CONTENT PROCUREMENT


COMPANY
I, [on behalf of [name of organizatio] of, being a person entitled to vote at general
meetings of the above Company, appoint the Chairman of the meeting or ** of as
my proxy to vote for me on my behalf at the Annual (Extraordinary) General
Meeting of the Company meeting of the [name of class] Members to be held on
20 and at any adjournment of that meeting.
Date: ............................... 20...
Signature: ..............................
** If you do not insert a name, the Chairman will act as your proxy."
Where the intention is to give the member an opportunity of voting for or
against a resolution, the appointment of a proxy shall be in the following

form or as near a form as circumstances admit or in any other form which


the Board may approve:

"THE LAXLY CONTENT PROCUREMENT


COMPANY LIMITED
I, [on behalf of [name of organization] of being a person entitled to vote at
general meetings of the above Company, appoint the Chairman of the meeting,
or** of as my proxy to vote for me on my behalf at the Annual (Extraordinary)
General Meeting of the Company meeting of the [name of class] Members to be
held on 20 and at any adjournment of that meeting.
Date: ............................... 20...
Signature: ..............................
My vote is to be used * in favor of / against the resolution. * Strike out whichever
you do not want. Unless otherwise instructed, the proxy will vote as he thinks fit.
** If you do not insert a name the Chairman will act as your proxy.
A Core Member must and an Institutional Member may nominate an
individual as its representative for the receipt of notices and attendance at
meetings of the Company and at class meetings and particulars of the name and address of such
person (and any changes to those

ACCOUNTS:
The board shall cause accountancy records to be
kept in accordance with the Act.
The accountancy records shall be kept at the
registered office of the Company or (subject to the
provisions of the Act) at such other place as the
Board shall direct, and shall always be open to
inspection by directors.
The Board may from time to time impose reasonable
restrictions as to the times and manner at or in
which the accountancy records and books of the
Company or any of them shall be open to inspection

by members of the Company not being directors.


Subject to such restrictions, the accounts and books
shall be open to inspection by such members at all
reasonable times during business hours.
. The Board shall from time to time cause to be
prepared and to be laid before the Company in
general meeting such income and expenditure
accounts, balance sheets and reports as are required
by statute.
At the Annual General Meeting in every year the
Board shall lay before the Company a proper income
and expenditure account for the period since the last
preceding account (or in the case of the first
account, since the incorporation of the Company)
made up to date not more than six months before
such meeting, together with a proper balance-sheet
made up as at the same date. Every such balancesheet shall be accompanied by proper reports of the
Board and the Auditors, and copies of such account,
balance-sheet and reports (all of which shall be
framed in accordance with any statutory
requirements for the time being in force) and of any
other documents required by law to be annexed or
attached to them or to accompany them shall be
sent not less than twenty-one clear days before the
date of the meeting (subject to the provisions of the
Act) to the Auditors and to all other persons entitled
to receive notices of general meetings, in the
manner in which Articles 67-69 directs notices to be
served. The Auditors report shall be open to
inspection, and will be read before the meeting as
required by the provisions of the Act.

AUDIT:
Auditors shall be appointed and their duties regulated in the
manner provided in the Act.

REGISTRATION WITH THE REGISTRAR OF


COMPANIES
We have to select, in order of preference, at least one suitable
name up to a maximum of six names, indicative of the main objects of
the company. The following are the names which we want to name our
bank:
1. Laxly electronic goods company

2. Salma bano Limited.


3. Pooja brar Limited.
4. Aamir Goods Company Limited.
5. Visy goods Limited.
6. Electronic goods Limited.

We have to ensure that the name does not resemble the name of any
other already registered bank or company and also does not violate
the provisions of emblems and names (Prevention of Improper Use Act,
1950) by availing the services of checking name availability on the
portal.

APPLICATION OF THE NAME:


We have to apply to the concerned RoC to ascertain the
availability of name in eForm1 A [Pursuant to sections 20 and 21 of
the Companies Act, 1956] by logging in to the portal. A fee of Rs. 500/has to be paid alongside and the digital signature of the applicant
proposing the company has to be attached in the form. If proposed
name is not available, the user has applied for a fresh name on the
same application. Form 1A is attached and filled.

GRANTING OF THE NAME BY THE


R.O.C.:
The first name, i.e. Indian Urban Bank Limited is assumed to have
been selected and the letter of incorporation has been received.4

FILLING OF THE FORM TO GET THE


COMPANY REGISTERED:
The form is filled giving the following information:
A. The application is for incorporating of a new
electronic goods company, the laxly
electronic goods company Limited.
B. The proposed company is a Public company.
C. The Category of the Proposed Company is a
company limited by shares.
D. The company is having Share Capital.
E. The state will be registered in the state of
Jhalandher
F. The number of promoters is 14.
G. The main object of the company is electronic
goods.
H. Proposed
authorized
capital
is
Rs
1000,000,000 (One Hundred Crores Only)
Along with the form we have to arrange for the drafting of the
memorandum and articles of association by the solicitors, vetting of
the same by RoC and printing of the same. The memorandum and
article must be arranged for stamping of the memorandum and articles
with the appropriate stamp duty.
We have to get the Memorandum and the Articles signed by at least
two subscribers in own hand, father's name, occupation, address and
the number of shares subscribed for and witnessed by at least one
person.
We have to ensure that the Memorandum and Article is dated on a
date after the date of stamping.
Login to the portal and fill the following forms and attach the
mandatory documents listed in the form
Declaration of compliance - Form-1
Notice of situation of registered office of the company - Form-18.
Particulars of the Director's, Manager or Secretary - Form-32.

We have to submit the following forms after attaching the digital


signature pay the requisite filing and registration fees and send the
physical copy of Memorandum and Article of Association to the RoC
After processing of the Form is complete and Corporate Identity is
generated obtain Certificate of Incorporation from RoC.

ADDITIONAL STEPS TO BE TAKEN FOR


FORMATION OF A PUBLIC LIMITED
COMPANY:
To obtain Commencement of Business Certificate after incorporation of
the company
the public company has to make following compliance
File a declaration in form 20 and attach the statement in lieu of the
prospectus (schedule III) OR
File a declaration in form 19 and attach the prospectus (Schedule II) to
it.
Obtain the Certificate of Commencement of Business.

RERGISTRAR OF COMPANY
This is to certify that The LAXLY ELECTRONIC GOODS COMPANY
LIMITED filed for incorporation was granted on the 28th November 2009.
This proved that the company has performed all the requirements and
fulfilled the legal procedures of the incorporation of the company and all the
documents were found legal and satisfactory. From this day forward the
company is capable of undertaking its normal business operation.

AGREEMENT: 1
This is to certify that The LAXLY ELECTRONICE GOODS COMPANY
Limited has given electronic goods (TV, lcd. Display or ac)
G.P.V.LIMITED a sum of Rs 350,0000at a 7% discount on the 25th
November, 2009.

Aamir khan

Pooja

Managing Director
Managing Director
Laxly electronic goods company
ltd

ltd.

G.p.v.

AGREEMENT: 2
GENERAL USE: The Agreement of Purchase and Sale is the document
that is used to state the Buyers desire to purchase the property, and to
Negotiate the terms of the sale. It is commonly referred to as an Offer. This
document also allows the Buyer a chance to outline in detail all
Of the conditions they wish to be placed in their Offer to buy the Sellers
property. Some common examples of a Buyers conditions include
Arranging financing (a mortgage) for the property to be purchased,
completing a home inspection, or ensuring that the sale of their current

Home is completed before purchasing a new one. After the Offer is prepared
and signed by the Buyer, it is presented to the Seller for
Acceptance. The Seller, in turn, may want to make changes to the Offer for
the Buyer to consider. This process can continue back and forth
Several times in an effort to reach an agreement.
This Agreement of Purchase and Sale dated this....26................................
Day of ........................12........................ 2009.....
BUYER,
ABC.LIMITED..................................................................................................
................, agrees to purchase from
(Full legal names of all Buyers)
SELLER, LAXLY ELECTRONIC GOODS COMPANY
LIMITED.............................................................................................................
................, the following
(Full legal names of all Sellers
REAL GOODS:
Address....................PUNJAB..............................................................................
.... fronting on the................................ Side
Of............... .................................in
the...................................................................................................................
And having a frontage of......................................... More or less by a depth
of......................................... More or less
And legally described
as.......................................................................................................................
...................
..........................................................................................................................
............................ (GOODS).
(Legal description of GOODS OF ELECTRONIC including easements not
described elsewhere)
PURCHASE PRICE: .............35000000/RS................................
..........................................................................................................................
.........................................
DEPOSIT: The Buyer includes a deposit in the Offer to give it authenticity and
to show their sincerity to the Seller. The deposit is considered
Part of the purchase price and is ultimately adjusted as a credit to the Buyer
on closing.
DEPOSIT: Buyer
submits..............................................................................................................
...........................
(Herewith/Upon Acceptance/as otherwise described in this Agreement)
................................................................................................................
Dollars (CDN$).......................................
By negotiable cheque payable
to........................................................................................................ Deposit
Holder

To be held in trust pending completion or other termination of this


Agreement and to be credited toward the Purchase Price on completion.
For the purposes of this Agreement, Upon Acceptance shall mean that the
Buyer is required to deliver the deposit to the
Deposit Holder within 24 hours of the acceptance of this Agreement. The
parties to this Agreement hereby acknowledge that,
Unless otherwise provided for in this Agreement, the Deposit Holder shall
place the deposit in trust in the Deposit Holders
Non-interest bearing Real Estate Trust Account and no interest shall be
earned, received or paid on the deposit.
Buyer agrees to pay the balance as more particularly set out in
Schedule attached.
SCHEDULE(S) A.................................................... ..................attached
hereto form(s) part of this Agreement.
1. IRREVOCABILITY: The following section states the deadline that a person
making an Offer gives the other party to accept their Offer. If the
Offer is not accepted by the stated time, and then the Offer is over and no
longer binding on any of the parties in the transaction.
1. IRREVOCABILITY: This Offer shall be irrevocable
by .......................................... until....................... a.m. /p.m. on
(Seller/Buyer)
The ......... ......................... day of ................................................ 20.........,
after which time, if not accepted, this
Offer shall be null and void and the deposit shall be returned to the Buyer in
full wit

FORM NO. 1

Registration No. Of Company..........


Rs. ................

THE COMPANIES ACT, 1956

Nominal Capital:

Declaration of compliance with the requirements of the Companies Act, 1956 on


application for registration of a company

[Pursuant to section 33(2)]

Name of Company LAXLY ELECTRONIC GOODS COMPANY LIMITED


Limited/Private Limited

Presented by...AAMIR KHAN

I, of

do solemnly and sincerely

Declare that I am [1]


company, or a person

who is engaged in the formation of the

Named in the articles as a director/manager/secretary of the


Limited/Private
Limited.

And that all the requirements of the Companies Act, 1956, and the rules there under in
respect of matters precedent to the registration of the said company and incidental
thereto have been complied with.
And make this solemn declaration conscientiously believing the same to be true.

Date 2/12/2009

AAMIR KHAN

Place PUNJAB
Signature
Witness

POOJA DEVI

DIRECTOR
Designation

1. An advocate of the Supreme Court of the...................... High Court, an attorney or a


pleader entitled to appear before the........................... High Court or a chartered
accountant practicing in India.
2. State whether director, manager / secretary /advocate/ chartered account.

FORM NO. 18
Registration No. of the Company

Nominal Capital: Rs

THE COMPANIES ACT, 1956


Notice of the situation/change of situation of registered office
[Pursuant to section 146]
Name of the company
Notice is hereby given that ----LAXLY ELECTRONIC GOODS COMPANY LIMITED.
1. (a) the registered office of the company is situated JALANDHAR(PUNJAB)
.with effect from
[date]2/12/2009
(b)
The situation of the registered office of the company of was changed
from
to
with effect from
.
[Date]
2. Situation of registered office falls under the jurisdiction of
HIGH COURT JALANDHAR
(name of the police station).*
Dated this

Day of

19
AAMIR KHAN
Signature

AAMIR KHAN Name


(In Block Capitals)
DIRECTOR
Designation
*State address of nearest police station with district and tehsil. JALANDHAR
(PUNJAB)

FORM NO 29
Registration No. of Company........................
Rs....................................

Nominal Capital

THE COMPANIES ACT, 1956


Consent to act as director of a company and/or undertaking to take
and pay for qualification shares
[Pursuant to section 264(2)/266(I) (a) and 266(1) (b) (iii)]
Name of company ...LAXLY ELECTRONIC GOODS COMPANY
LIMITED............................................ Limited..........................................
Presented by ........AAMIR
KHAN..........................................................................................................
To the Registrar of Companies .............................................JALANDHAR
(PUNJAB)..........................
I, the undersigned, hereby testify my consent to act as director of the
LAXLY ELECTRONIC GOODS COMPANY LIMITED.......................... Limited,
pursuant to section 264(2)/266(1) (a) of the Companies Act, 1956 and certify
that I have not been disqualified to act as a director under sections 267
and/or 274 of the Companies Act, 1956.
I, the undersigned having consented to act as director of the.....LAXLY
ELECTRONIC GOODS COMPANY LIMITED......................... Limited, also hereby

undertake to take from the said company and pay for...100000000.................


Shares of Rs.10............. each, being the number/value of the shares
prescribed as the qualification shares for the office of director of the said
company.
Name and
surname in
full and
fathers
names

Address

Occupati
on

Date of
birth

Nationalit
y

Signature

AAMIR KHAN

GHAZIABA
D

GOVT.JO
B IN
RAILWAY

21/07/19
88

INDIAN

AAMIR

Signature.....AAMIR KHAN......................
Designation .......DIRECTOR....................
Dated the.....2/12/2009...................... Day of.................... 19
Notes: (1) Delete the portion not applicable.
(2) If a director signs through his agent authorized in writing, the
authority must be produced
before the Registrar.
(3) In case of undertaking to take and pay for qualification shares, the
from should be
accompanied by the necessary stamp duty.

FORM NO. 32

Registration No. of Company..........................


Rs....................................

Nominal Capital

THE COMPANIES ACT, 1956


Particulars of appointment of directors and manager and changes
among them
[Pursuant to section 303(2)]
Name of Company.........................................
by...............................................

Presented

Note: --- If a company has no particulars to be included in one or two of


the headings A B and C the parts containing those headings (in respect of
which the company has no particulars to be included) need not be filed.
A. Appointment of and changes among directors.
Name or
names
and
surname
in full
1

Fathers/
husbands
name

Usual
Nationalit
residential y
address

Date of
appointm
ent or
change

Brief
particular
s of
changes

Notes: (1) A note of changes should be made in column 6 e.g. by inserting


against the name of new
director, etc. the words in place of ........................ and by
indicating against the name of the
former director, the cause for the change, e.g. by death,
resignation, retirement by rotation,
disqualification etc.
(2) In case of managing director, his designation should be stated
with his name in columan1.

B.

[***]

C.

Appointment of and changes in manager ship and secretary ship.

Name or
names
and
surname
in full

Fathers/
husbands
name

Usual
Nationalit
residential y
address

Date of
appointm
ent or
change

Brief
particular
s of
changes

Dated the .......................................... day of ..............19


Signature............................................
Designation............................................
Notes: (1) For the purposes of this form, particulars of a person appointed as
manager within the
meaning of section 2(24) of the Companies Act, 1956 need be
given.
(2) A note of change as also the cause of change by death,
resignation, removal,
disqualification, etc. should be stated in column 6.

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