Articles of association of

NSKS private limited

 PRIVATE COMPANY
 No public can subscribe to the shares of the company only friends and family can subscribe
 The minimum numbers can be 2 and the maximum number of member should not exceed 50
 The right to transfer the share is limited no one can transfer share to public it can only circulate
in family or friends
TRANSFER OF SHARES
If any member wants to transfer his/her shares he/she has to offer it to the existing members in case
they want to purchase them if not then the shares can be transferred to other person with the
permission from board of directors if they want it.

DIRECTORS
The number of directors should be 2 or greater than 2 not less than this mentioned number.
The following persons shall be the first directors
of the Company and shall hold the office upto the date of First Annual General Meeting:
1. ………kiran fareed……..……………
2. ………naveera zahir……………..……

VOTES OF MEMBERS
The voting right is given to every member holding common shareholders of the company and each share
represents 1 vote

POWERS AND DUTIES OF DIRECTORS
The directors have right to pay expenses insurred during registration and see all the company matters
holding annual general meetings, paying bills and expenses.

They should appoint CEO of the company

THE SEAL
The company seal should be kept by directors and cannot be affixed on any document without
permission from directors by passing resolution in the presence of at least 2 directors and secretary.

DIVIDENDS AND RESERVE

The dividends declared in annual general meetings should not exceed the amount passed in the meeting

Dividends cannot be paid by selling of property of company they are to be paid from the profit only

WINDING UP
In case of voluntary winding up the liquidator will be appointed by creditors and he will dispose all the
affairs of the company.

In case of winding up creditors will be paid first then bond holders and at last share holders are going to
be paid.