Companies Act 1956

SECTION 389. POWER FOR COMPANIES TO REFER MATTERS TO ARBITRATION [Omitted by the Compa ie!
"Ame dme t# A$t% &9'(.) 39(. INTERPRETATION OF SECTIONS 39& AN* 393 I !e$tio ! 39& a d 393% + "a# the e,p-e!!io .$ompa y. mea ! a y $ompa y /iab/e to be 0o1 d 1p 1 dethi! A$t 2 "b# the e,p-e!!io .a--a 3eme t. i $/1de! a -eo-3a i!atio o4 the !ha-e $apita/ o4 the $ompa y by the $o !o/idatio o4 !ha-e! o4 di44e-e t $/a!!e!% o- by the di5i!io o4 !ha-e! i to !ha-e! o4 di44e-e t $/a!!e! o-% by both tho!e method! 2 a d "$# 1 !e$1-ed $-edito-! 0ho may ha5e 4i/ed !1it! oobtai ed de$-ee! !ha// be deemed to be o4 the !ame $/a!! a! othe- 1 !e$1-ed $-edito-!. 39&. POWER TO COMPROMISE OR MA6E ARRAN7EMENTS WIT8 CRE*ITORS AN* MEMBERS "&# Whe-e a $omp-omi!e o- a--a 3eme t i! p-opo!ed + "a# bet0ee a $ompa y a d it! $-edito-! o- a y $/a!! o4 them 2 o"b# bet0ee a $ompa y a d it! membe-! o- a y $/a!! o4 them 2 the &
[T-ib1 a/) may% o the app/i$atio o4 the $ompa y o- o4 a y $-edito- o- membe- o4 the $ompa y% o-% i the $a!e o4 a $ompa y 0hi$h i! bei 3 0o1 d 1p% o4 the /i91idato-% o-de- a meeti 3 o4 the $-edito-! o- $/a!! o4 $-edito-!% o- o4 the membe-! o- $/a!! o4 membe-!% a! the $a!e may be% to be $a//ed% he/d a d $o d1$ted i !1$h ma e- a! the & [T-ib1 a/) di-e$t!. ":# I4 a ma;o-ity i 1mbe- -ep-e!e ti 3 th-ee+4o1-th! i 5a/1e o4 the $-edito-!% o- $/a!! o4 $-edito-!% omembe-!% o$/a!! o4 membe-!% a! the $a!e may be% p-e!e t a d 5oti 3 eithe- i pe-!o o-% 0he-e p-o,ie! a-e a//o0ed 1 de- the -1/e! made 1 de- !e$tio '<3% by p-o,y% at the meeti 3% a3-ee to a y $omp-omi!e o- a--a 3eme t% the $omp-omi!e oa--a 3eme t !ha//% i4 !a $tio ed by the & [T-ib1 a/)% be bi di 3 o a// the $-edito-!% a// the $-edito-! o4 the $/a!!% a// the membe-!% o- a// the membe-! o4 the $/a!!% a! the $a!e may be% a d a/!o o the $ompa y% o- i the $a!e o4 a $ompa y 0hi$h i! bei 3 0o1 d 1p% o the /i91idato- a d $o t-ib1to-ie! o4 the $ompa y = Pa3e &>& o4 33: P-o5ided that o o-de- !a $tio i 3 a y $omp-omi!e oa--a 3eme t !ha// be made by the &
[T-ib1 a/) 1 /e!! the : [T-ib1 a/) i! !ati!4ied that the $ompa y o- a y othepe-!o by 0hom a app/i$atio ha! bee made 1 de!1b+ !e$tio "&# ha! di!$/o!ed to the : [T-ib1 a/)% by a44ida5it o- othe-0i!e% a// mate-ia/ 4a$t! -e/ati 3 to the $ompa y% !1$h a! the /ate!t 4i a $ia/ po!itio o4 the $ompa y% the /ate!t a1dito-?! -epo-t o the a$$o1 t! o4 the $ompa y% the pe de $y o4 a y i 5e!ti3atio p-o$eedi 3! i -e/atio to the $ompa y 1 de- !e$tio ! :3@ to :@&% a d the /iAe. "3# A o-demade by the : [T-ib1 a/) 1 de- !1b+!e$tio ":# !ha// ha5e o e44e$t 1 ti/ a $e-ti4ied $opy o4 the o-deha! bee 4i/ed 0ith the Re3i!t-a-. "<# A $opy o4 e5e-y !1$h o-de- !ha// be a e,ed to e5e-y $opy o4 the memo-a d1m o4 the $ompa y i!!1ed a4te- the $e-ti4ied $opy o4 the o-deha! bee 4i/ed a! a4o-e!aid% o- i the $a!e o4 a $ompa y ot ha5i 3 a memo-a d1m% to e5e-y $opy !o i!!1ed o4 the i !t-1me t $o !tit1ti 3 ode4i i 3 the $o !tit1tio o4 the $ompa y. "@# I4 de4a1/t i! made i $omp/yi 3 0ith !1b+!e$tio "<#% the $ompa y% a d e5e-y o44i$e- o4 the $ompa y 0ho i! i
de4a1/t% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to 3 [o e h1 d-ed) -1pee! 4o- ea$h $opy i -e!pe$t o4 0hi$h de4a1/t i! made. "'# The : [T-ib1 a/) may% at a y time a4te- a app/i$atio ha! bee made to it 1 dethi! !e$tio % !tay the $omme $eme t o- $o ti 1atio o4 a y !1it op-o$eedi 3 a3ai !t the $ompa y o !1$h te-m! a! the & [T-ib1 a/) thi A! 4it% 1 ti/ the app/i$atio i! 4i a//y di!po!ed o4. "># < [BBB) &. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .te . by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. 3. Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to omi!!io % !1b+!e$tio > -ead a! 1 de-=
."># A appea/ !ha// /ie 4-om a y o-demade by a Co1-t e,e-$i!i 3 o-i3i a/ ;1-i!di$tio 1 dethi! !e$tio to the Co1-t empo0e-ed to hea- appea/! 4-om the de$i!io ! o4 that Co1-t% o- i4 mo-e tha o e Co1-t i! !o empo0e-ed% to the Co1-t o4 i 4e-io- ;1-i!di$tio .The p-o5i!io ! o4 !1b+!e$tio ! "3# to "'# !ha// app/y i -e/atio to the appe//ate o-de- a d the appea/ a! they app/y i -e/atio to the o-i3i a/ o-de- a d the app/i$atio .. & [39:. POWER OF TRIBDNAC TO ENFORCE COMPROMISES AN* ARRAN7EMENTS. "&# Whe-e the T-ib1 a/ maAe! a o-de- 1 de- !e$tio 39& !a $tio i 3 a $omp-omi!e o- a a--a 3eme t i -e!pe$t o4 a $ompa y% it + "a# !ha// ha5e po0e- to !1pe-5i!e the $a--yi 3 o1t o4 the $omp-omi!e o- a a--a 3eme t 2 a d "b# may% at the time o4 maAi 3 !1$h o-de- o- at a y time the-ea4te-% 3i5e !1$h di-e$tio ! i -e3a-d to a y matte- omaAe !1$h modi4i$atio ! i the $omp-omi!e oa--a 3eme t a! it may $o !ide- e$e!!a-y 4o- the p-ope- 0o-Ai 3 o4 the $omp-omi!e o- a--a 3eme t. ":# I4 the T-ib1 a/ a4o-e!aid i! !ati!4ied that a $omp-omi!e o- a a--a 3eme t !a $tio ed 1 de!e$tio 39& $a ot be
0o-Aed !ati!4a$to-i/y 0ith o- 0itho1t modi4i$atio !% it may% eithe- o it! o0 motio o- o the app/i$atio o4 a y pe-!o i te-e!ted i the a44ai-! o4 the $ompa y% maAe a o-de0i di 3 1p the $ompa y% a d !1$h a o-de- !ha// be deemed to be a o-demade 1 de- !e$tio <33 o4 thi! A$t. &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio % !e$tio 39: -ead a! 1 de- = .39:. Po0e- o4 8i3h Co1-t to e 4o-$e $omp-omi!e! a d a--a 3eme t!. + "&# Whe-e a 8i3h Co1-t maAe! a o-de- 1 de- !e$tio 39& !a $tio i 3 a $omp-omi!e oa a--a 3eme t i -e!pe$t o4 a $ompa y% it + "a# !ha// ha5e po0e- to !1pe-5i!e the $a--yi 3 o1t o4 the $omp-omi!e o- a--a 3eme t2 a d "b# may% at the time o4 maAi 3 !1$h o-de- o- at a y time the-ea4te-% 3i5e !1$h di-e$tio ! i -e3a-d to a y matte- o- maAe !1$h modi4i$atio ! i the $omp-omi!e o- a--a 3eme t a! it may $o !ide- e$e!!a-y 4othe p-ope- 0o-Ai 3 o4 the $omp-omi!e o- a--a 3eme t. ":# I4 the Co1-t a4o-e!aid i! !ati!4ied that a $omp-omi!e o- a--a 3eme t !a $tio ed 1 de- !e$tio 39& $a ot be 0o-Aed !ati!4a$to-i/y 0ith o- 0itho1t modi4i$atio !% it may% eithe- o it! o0 motio o- o the app/i$atio o4 a y pe-!o i te-e!ted i the a44ai-! o4 the $ompa y% maAe a o-de- 0i di 3 1p the
$ompa y% a d !1$h a o-de- !ha// be deemed to be a o-demade 1 de- !e$tio <33 o4 thi! A$t. "3# The p-o5i!io ! o4 thi! !e$tio !ha//% !o 4a- a! may be% a/!o app/y to a $ompa y i -e!pe$t o4 0hi$h a o-deha! bee made be4o-e the $omme $eme t o4 thi! A$t 1 de- !e$tio &@3 o4 the I dia Compa ie! A$t% &9&3 "> o4 &9&3#% !a $tio i 3 a $omp-omi!e o- a a--a 3eme t.. "3# The p-o5i!io ! o4 thi! !e$tio !ha//% !o 4a- a! may be% a/!o app/y to a $ompa y i -e!pe$t o4 0hi$h a o-deha! bee made be4o-e the $omme $eme t the $ompa ie! "Ame dme t# A$t% :((& !a $tio i 3 a $omp-omi!e o- a a--a 3eme t.) 393. INFORMATION AS TO COMPROMISES OR ARRAN7EMENTS WIT8 CRE*ITORS AN* MEMBERS "&# Whe-e a meeti 3 o4 $-edito-! o- a y $/a!! o4 $-edito-!% o- o4 membe-! o- a y $/a!! o4 membe-!% i! $a//ed 1 de!e$tio 39&% + "a# 0ith e5e-y oti$e $a//i 3 the meeti 3 0hi$h i! !e t to a $-edito- o- membe-% the-e !ha// be !e t a/!o a !tateme t !etti 3 4o-th the te-m! o4 the $omp-omi!e oa--a 3eme t a d e,p/ai i 3 it! e44e$t 2 a d i pa-ti$1/a-% !tati 3 a y mate-ia/ i te-e!t! o4 the di-e$to-!% ma a3i 3 di-e$to&
[BBB) o- ma a3e- o4 the $ompa y% 0hethe- i thei$apa$ity a! Pa3e &>: o4 33: !1$h o- a! membe-! o- $-edito-! o4 the $ompa y oothe-0i!e% a d the e44e$t o tho!e i te-e!t!% o4 the $omp-omi!e oa--a 3eme t% i4% a d i !o4a- a!% it i! di44e-e t 4-om the e44e$t o the /iAe i te-e!t! o4 othepe-!o ! 2 a d "b# i e5e-y oti$e $a//i 3 the meeti 3 0hi$h i! 3i5e by ad5e-ti!eme t% the-e !ha// be i $/1ded eithe- !1$h a !tateme t a! a4o-e!aid o- a oti4i$atio o4 the p/a$e at 0hi$h a d the ma e- i 0hi$h $-edito-! o- membe-! e tit/ed to atte d the meeti 3 may obtai $opie! o4 !1$h a !tateme t a! a4o-e!aid. ":# Whe-e the $omp-omi!e o- a--a 3eme t a44e$t! the -i3ht! o4 debe t1-e ho/de-! o4 the $ompa y% the !aid !tateme t !ha// 3i5e the /iAe i 4o-matio a d e,p/a atio a! -e!pe$t! the t-1!tee! o4 a y deed 4o- !e$1-i 3 the i!!1e o4 the debe t1-e! a! it i! -e91i-ed to 3i5e a! -e!pe$t! the $ompa y?! di-e$to-!. "3# Whe-e a oti$e 3i5e by ad5e-ti!eme t i $/1de! a oti4i$atio that $opie! o4 a !tateme t !etti 3 4o-th the te-m! o4 the $omp-omi!e o- a--a 3eme t p-opo!ed a d e,p/ai i 3 it! e44e$t $a be obtai ed by $-edito-! omembe-! e tit/ed
to atte d the meeti 3% e5e-y $-edito- o- membe- !o e tit/ed !ha//% o maAi 3 a app/i$atio i the ma ei di$ated by the oti$e% be 41- i!hed by the $ompa y% 4-ee o4 $ha-3e% 0ith a $opy o4 the !tateme t. "<# Whe-e de4a1/t i! made i $omp/yi 3 0ith a y o4 the -e91i-eme t! o4 thi! !e$tio % the $ompa y% a d e5e-y o44i$e- o4 the $ompa y 0ho i! i de4a1/t% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to : [4i4ty) tho1!a d -1pee! 2 a d 4o- the p1-po!e o4 thi! !1b+!e$tio a y /i91idato- o4 the $ompa y a d a y t-1!tee o4 a deed 4o- !e$1-i 3 the i!!1e o4 debe t1-e! o4 the $ompa y !ha// be deemed to be a o44i$e- o4 the $ompa y = P-o5ided that a pe-!o !ha// ot be p1 i!hab/e 1 dethi! !1b+!e$tio i4 he !ho0! that the de4a1/t 0a! d1e to the -e41!a/ o4 a y othepe-!o % bei 3 a di-e$to-% ma a3i 3 di-e$to-% 3 [BBB) ma a3e- o- t-1!tee! 4o- debe t1-e ho/de-!% to !1pp/y the e$e!!a-y pa-ti$1/a-! a! to hi! mate-ia/ i te-e!t!. "@# E5e-y di-e$to-% ma a3i 3 di-e$to-% 3 [BBB) o- ma a3e- o4 the $ompa y% a d e5e-y t-1!tee 4odebe t1-e ho/de-! o4 the
$ompa y% !ha// 3i5e oti$e to the $ompa y o4 !1$h matte-! -e/ati 3 to him!e/4 a! may be e$e!!a-y 4othe p1-po!e! o4 thi! !e$tio 2 a d i4 he 4ai/! to do !o% he !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to < [4i5e tho1!a d) -1pee!. &. Wo-d! .% ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. :. S1b!tit1ted 4o- .4i5e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. 3. Wo-d! .ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. <. S1b!tit1ted 4o- EE4i5e h1 d-ed?? by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. 39<. PROFISIONS FOR FACICITATIN7 RECONSTRDCTION AN* AMAC7AMATION OF COMPANIES "&# Whe-e a app/i$atio i! made to the & [T-ib1 a/) 1 de- !e$tio 39& 4o- the !a $tio i 3 o4 a $omp-omi!e oa--a 3eme t p-opo!ed bet0ee a $ompa y a d a y !1$h pe-!o ! a! a-e me tio ed i that !e$tio % a d it i! !ho0 to
the & [T-ib1 a/) + "a# that the $omp-omi!e o- a--a 3eme t ha! bee p-opo!ed 4o- the p1-po!e! o4% o- i $o e$tio 0ith% a !$heme 4othe -e$o !t-1$tio o4 a y $ompa y o- $ompa ie!% othe ama/3amatio o4 a y t0o o- mo-e $ompa ie! 2 a d "b# that 1 de- the !$heme the 0ho/e o- a y pa-t o4 the 1 de-taAi 3% p-ope-ty o- /iabi/itie! o4 a y $ompa y $o $e- ed i the !$heme "i thi! !e$tio -e4e--ed to a! a .t-a !4e-o-+ $ompa y.# i! to be t-a !4e--ed to a othe- $ompa y "i thi! !e$tio -e4e--ed to a! .the t-a !4e-ee+$ompa y.# 2 the & [T-ib1 a/) may% eitheby the o-de- !a $tio i 3 the $omp-omi!e o- a--a 3eme t o- by a !1b!e91e t o-de-% maAe p-o5i!io 4o- a// o- a y o4 the 4o//o0i 3 matte-! = "i# the t-a !4e- to the t-a !4e-ee+$ompa y o4 the 0ho/e o- a y pa-t o4 the 1 de-taAi 3% p-ope-ty o- /iabi/itie! o4 a y t-a !4e-o-+$ompa y 2 "ii# the a//otme t o- app-op-iatio by the t-a !4e-ee+ $ompa y o4 a y !ha-e!% debe t1-e!% po/i$ie!% o- othe/iAe i te-e!t! i that $ompa y 0hi$h% 1 de- the $omp-omi!e oa--a 3eme t% a-e to be a//otted o- app-op-iated by that $ompa y to
o- 4o- a y pe-!o 2 "iii# the $o ti 1atio by o- a3ai !t the t-a !4e-ee+ $ompa y o4 a y /e3a/ p-o$eedi 3! pe di 3 by oa3ai !t a y t-a !4e-o-+$ompa y 2 "i5# the di!!o/1tio % 0itho1t 0i di 3 1p% o4 a y t-a !4e-o-+$ompa y 2 "5# the p-o5i!io to be made 4o- a y pe-!o ! 0ho% 0ithi !1$h time a d i !1$h ma e- a! the & [T-ib1 a/) di-e$t!% di!!e t 4-om the $omp-omi!e o- a--a 3eme t 2 a d "5i# !1$h i $ide ta/% $o !e91e tia/ a d !1pp/eme ta/ matte-! a! a-e e$e!!a-y to !e$1-e that the -e$o !t-1$tio oama/3amatio !ha// be 41//y a d e44e$ti5e/y $a--ied o1t = P-o5ided that o $omp-omi!e o- a--a 3eme t p-opo!ed 4o- the p1-po!e! o4% o- i $o e$tio 0ith% a !$heme 4o- the ama/3amatio o4 a $ompa y% 0hi$h i! bei 3 0o1 d 1p% 0ith a y othe- $ompa y o- $ompa ie!% !ha// be !a $tio ed by the & [T-ib1 a/) 1 /e!! the & [T-ib1 a/) ha! -e$ei5ed a -epo-t 4-om : [BBB) the Re3i!t-a- that the a44ai-! o4 the $ompa y ha5e
ot bee $o d1$ted i a ma e- p-e;1di$ia/ to the i te-e!t! o4 it! membe-! o- to p1b/i$ i te-e!t = P-o5ided 41-the- that o o-de- 4o- the di!!o/1tio o4 a y t-a !4e-o-+$ompa y 1 de- $/a1!e "i5# !ha// be made by the & [T-ib1 a/) 1 /e!! the O44i$ia/ Ci91idato- ha!% o !$-1ti y o4 the booA! a d pape-! o4 the $ompa y% made a -epo-t to the & [T-ib1 a/) that the a44ai-! o4 the $ompa y ha5e ot bee $o d1$ted i a ma e- p-e;1di$ia/ to the i te-e!t! o4 it! membe-! o- to p1b/i$ i te-e!t. ":# Whe-e a o-de- 1 dethi! !e$tio p-o5ide! 4o- the t-a !4e- o4 a y p-ope-ty o- /iabi/itie!% the % by 5i-t1e o4 the o-de-% that p-ope-ty !ha// be t-a !4e--ed to a d 5e!t i % a d tho!e /iabi/itie! !ha// be t-a !4e--ed to a d be$ome the /iabi/itie! o4% the t-a !4e-ee+$ompa y 2 a d i the $a!e o4 a y p-ope-ty% i4 the o-de- !o di-e$t!% 4-eed 4-om a y $ha-3e 0hi$h i!% by 5i-t1e o4 the $omp-omi!e o- a--a 3eme t% to $ea!e to ha5e e44e$t. Pa3e &>3 o4 33: "3# Withi thi-ty day! a4te- the maAi 3 o4 a o-de1 dethi! !e$tio % e5e-y $ompa y i -e/atio to 0hi$h the o-de- i! made !ha// $a1!e a $e-ti4ied $opy the-eo4 to be 4i/ed 0ith the Re3i!t-a- 4o- -e3i!t-atio . I4 de4a1/t i! made i $omp/yi 3
0ith thi! !1b+!e$tio % the $ompa y% a d e5e-y o44i$eo4 the $ompa y 0ho i! i de4a1/t% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to 3 [4i5e h1 d-ed) -1pee!. "<# I thi! !e$tio + "a# .p-ope-ty. i $/1de! p-ope-ty -i3ht! a d po0e-! o4 e5e-y de!$-iptio 2 a d ./iabi/itie!. i $/1de! d1tie! o4 e5e-y de!$-iptio 2 a d "b# .t-a !4e-ee+$ompa y. doe! ot i $/1de a y $ompa y othetha a $ompa y 0ithi the mea i 3 o4 thi! A$t 2 b1t .t-a !4e-o-+$ompa y. i $/1de! a y body $o-po-ate% 0hethe- a $ompa y 0ithi the mea i 3 o4 thi! A$t oot. &. S1b!tit1ted 4o- ECo1-t? by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. Wo-d! .the Compa y Ca0 Boa-d o-. omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. 3. S1b!tit1ted 4o- .4i4ty. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. 39<A. NOTICE TO BE 7IFEN TO CENTRAC 7OFERNMENT FOR APPCICATIONS DN*ER SECTIONS 39& AN* 39<
The & [T-ib1 a/) !ha// 3i5e oti$e o4 e5e-y app/i$atio made to it 1 de- !e$tio 39& o- 39< to the Ce t-a/ 7o5e- me t% a d !ha// taAe i to $o !ide-atio the -ep-e!e tatio !% i4 a y% made to it by that 7o5e- me t be4o-e pa!!i 3 a y o-de1 de- a y o4 the!e !e$tio !. &. S1b!tit1ted 4o- ECo1-t? by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. 39@. POWER AN* *DTG TO ACHDIRE S8ARES OF S8ARE8OC*ERS *ISSENTIN7 FROM SC8EME OR CONTRACT APPROFE* BG MAIORITG "&# Whe-e a !$heme o- $o t-a$t i 5o/5i 3 the t-a !4eo4 !ha-e! o- a y $/a!! o4 !ha-e! i a $ompa y "i thi! !e$tio -e4e--ed to a! .the t-a !4e-o-+$ompa y.# to a othe$ompa y "i thi! !e$tio -e4e--ed to a! .the t-a !4e-ee+ $ompa y.#% ha!% 0ithi 4o1- mo th! a4te- the maAi 3 o4 the o44e- i that beha/4 by the t-a !4e-ee+$ompa y% bee app-o5ed by the ho/de-! o4 ot /e!! tha i e+te th! i 5a/1e o4 the !ha-e! 0ho!e t-a !4e- i! i 5o/5ed "othetha !ha-e! a/-eady he/d at the date o4 the o44e- by% o- by a omi ee 4o-% the t-a !4e-ee+$ompa y o- it! !1b!idia-y#% the t-a !4e-ee+ $ompa y
may% at a y time 0ithi t0o mo th! a4te- the e,pi-y o4 the !aid 4o1- mo th!% 3i5e oti$e i the p-e!$-ibed ma e- to a y di!!e ti 3 !ha-eho/de-% that it de!i-e! to a$91i-e hi! !ha-e! 2 a d 0he !1$h a oti$e i! 3i5e % the t-a !4e-ee+ $ompa y% !ha//% 1 /e!!% o a app/i$atio made by the di!!e ti 3 !ha-eho/de- 0ithi o e mo th 4-om the date o 0hi$h the oti$e 0a! 3i5e % the & [T-ib1 a/) thi A! 4it to o-de- othe-0i!e% be e tit/ed a d bo1 d to a$91i-e tho!e !ha-e! o the te-m! o 0hi$h% 1 de- the !$heme o- $o t-a$t% the !ha-e! o4 the app-o5i 3 !ha-eho/de-! a-e to be t-a !4e--ed to the t-a !4e-ee+$ompa y = P-o5ided that 0he-e !ha-e! i the t-a !4e-o-+$ompa y o4 the !ame $/a!! a! the !ha-e! 0ho!e t-a !4e- i! i 5o/5ed a-e a/-eady he/d a! a4o-e!aid to a 5a/1e 3-eate- tha o e+ te th o4 the a33-e3ate o4 the 5a/1e! o4 a// the !ha-e! i the $ompa y o4 !1$h $/a!!% the 4o-e3oi 3 p-o5i!io ! o4 thi! !1b+!e$tio !ha// ot app/y% 1 /e!! + "a# the t-a !4e-ee+$ompa y o44e-! the !ame te-m! to a// ho/de-! o4 the !ha-e! o4 that $/a!! "othetha tho!e a/-eady he/d a! a4o-e!aid# 0ho!e t-a !4e- i! i 5o/5ed 2 a d
"b# the ho/de-! 0ho app-o5e the !$heme o- $o t-a$t% be!ide! ho/di 3 ot /e!! tha i e+te th! i 5a/1e o4 the !ha-e! "othetha tho!e a/-eady he/d a! a4o-e!aid# 0ho!e t-a !4e- i! i 5o/5ed% a-e ot /e!! tha th-ee+4o1-th! i 1mbe- o4 the ho/de-! o4 tho!e !ha-e!. ":# Whe-e% i p1-!1a $e o4 a y !1$h !$heme o$o t-a$t a! a4o-e!aid% !ha-e!% o- !ha-e! o4 a y $/a!!% i a $ompa y a-e t-a !4e--ed to a othe- $ompa y o- it! omi ee% a d tho!e !ha-e! to3ethe- 0ith a y othe- !ha-e! oa y othe!ha-e! o4 the !ame $/a!!% a! the $a!e may be% i the 4i-!t+me tio ed $ompa y he/d at the date o4 the t-a !4e- by% o- by a omi ee 4o-% the t-a !4e-ee+$ompa y o- it! !1b!idia-y $omp-i!e i e+te th! i 5a/1e o4 the !ha-e!% o- the !ha-e! o4 that $/a!!% a! the $a!e may be% i the 4i-!t+me tio ed $ompa y% the % + "a# the t-a !4e-ee+$ompa y !ha//% 0ithi o e mo th 4-om the date o4 the t-a !4e- "1 /e!! o a p-e5io1! t-a !4e- i p1-!1a $e o4 the !$heme o- $o t-a$t it ha! a/-eady $omp/ied 0ith thi! -e91i-eme t#% 3i5e oti$e o4 that 4a$t i the p-e!$-ibed ma e- to the ho/de-! o4 the -emai i 3 !ha-e! o- o4 the -emai i 3 !ha-e! o4 that $/a!!% a! the $a!e may
be% 0ho ha5e ot a!!e ted to the !$heme o- $o t-a$t2 a d "b# a y !1$h ho/de- may% 0ithi th-ee mo th! 4-om the 3i5i 3 o4 the oti$e to him% -e91i-e the t-a !4e-ee+ $ompa y to a$91i-e the !ha-e! i 91e!tio 2 a d 0he-e a !ha-eho/de- 3i5e! oti$e 1 de- $/a1!e "b# 0ith -e!pe$t to a y !ha-e!% the t-a !4e-ee+$ompa y !ha// be e tit/ed a d bo1 d to a$91i-e tho!e !ha-e! o the te-m! o 0hi$h% 1 de- the !$heme o- $o t-a$t% the !ha-e! o4 the app-o5i 3 !ha-eho/de-! 0e-e t-a !4e--ed to it% o- o !1$h othe- te-m! a! may be a3-eed% o- a! the & [T-ib1 a/) o the app/i$atio o4 eithe- the t-a !4e-ee+$ompa y o- the !ha-eho/dethi A! 4it to o-de-. "3# Whe-e a oti$e ha! bee 3i5e by the t-a !4e-ee+ $ompa y 1 de- !1b+!e$tio "&# a d the & [T-ib1 a/) ha! ot% o a app/i$atio made by the di!!e ti 3 !ha-eho/de-% made a o-de- to the $o t-a-y% the t-a !4e-ee+$ompa y !ha//% o the e,pi-y o4 o e mo th 4-om the date o 0hi$h the oti$e ha! bee 3i5e % o-% i4 a app/i$atio to the & [T-ib1 a/) by the
di!!e ti 3 !ha-eho/de- i! the pe di 3% a4te- that app/i$atio ha! bee di!po!ed o4% t-a !mit a $opy o4 the oti$e to the t-a !4e-o-+$ompa y to3ethe- 0ith a i !t-1me t o4 t-a !4e- e,e$1ted o beha/4 o4 the !ha-eho/de- by a y pe-!o appoi ted by the t-a !4e-ee+$ompa y a d o it! o0 beha/4 by the t-a !4e-ee+$ompa y% a d pay o- t-a !4eto the t-a !4e-o-+$ompa y the amo1 t o- othe- $o !ide-atio -ep-e!e ti 3 the p-i$e payab/e by the t-a !4e-ee+ $ompa y 4othe !ha-e! 0hi$h% by 5i-t1e o4 thi! !e$tio % that $ompa y i! e tit/ed to a$91i-e 2 a d the t-a !4e-o-+ $ompa y !ha// + Pa3e &>< o4 33: "a# the-e1po -e3i!te- the t-a !4e-ee+$ompa y a! the ho/de- o4 tho!e !ha-e!% a d "b# 0ithi o e mo th o4 the date o4 !1$h -e3i!t-atio % i 4o-m the di!!e ti 3 !ha-eho/de-! o4 the 4a$t o4 !1$h -e3i!t-atio a d o4 the -e$eipt o4 the amo1 t o- othe- $o !ide-atio -ep-e!e ti 3 the p-i$e payab/e to them by the t-a !4e-ee+ $ompa y = P-o5ided that a i !t-1me t o4 t-a !4e- !ha// ot be -e91i-ed 4o- a y !ha-e 4o- 0hi$h a !ha-e 0a--a t i! 4othe time bei 3 o1t!ta di 3. "<# A y !1m! -e$ei5ed by the t-a !4e-o-+$ompa y 1 dethi! !e$tio !ha// be paid i to a !epa-ate ba A a$$o1 t% a d
a y !1$h !1m! a d a y othe- $o !ide-atio !o -e$ei5ed !ha// be he/d by that $ompa y i t-1!t 4o- the !e5e-a/ pe-!o ! e tit/ed to the !ha-e! i -e!pe$t o4 0hi$h the !aid !1m! o- othe- $o !ide-atio 0e-e -e!pe$ti5e/y -e$ei5ed. "<A# "a# The 4o//o0i 3 p-o5i!io ! !ha// app/y i -e/atio to e5e-y o44e- o4 a !$heme o- $o t-a$t i 5o/5i 3 the t-a !4e- o4 !ha-e! o- a y $/a!! o4 !ha-e! i the t-a !4e-o-+ $ompa y to the t-a !4e-ee+$ompa y% ame/y = "i# e5e-y !1$h o44e- o- e5e-y $i-$1/a- $o tai i 3 !1$h o44e- o- e5e-y -e$omme datio to the membe-! o4 the t-a !4e-o-+ $ompa y by it! di-e$to-! to a$$ept !1$h o44e- !ha// be a$$ompa ied by !1$h i 4o-matio a! may be p-e!$-ibed 2 "ii# e5e-y !1$h o44e- !ha// $o tai a !tateme t by o- o beha/4 o4 the t-a !4e-ee+$ompa y% di!$/o!i 3 the !tep! it ha! taAe to e !1-e that e$e!!a-y $a!h 0i// be a5ai/ab/e 2 "iii# e5e-y $i-$1/a- $o tai i 3% o- -e$omme di 3 a$$epta $e o4% !1$h o44e- !ha// be p-e!e ted to the Re3i!t-a- 4o-e3i!t-atio a d o !1$h $i-$1/a- !ha// be i!!1ed 1 ti/ it i! !o -e3i!te-ed 2 "i5# the Re3i!t-a- may -e41!e to -e3i!te- a y !1$h $i-$1/a- 0hi$h doe! ot $o tai the i 4o-matio -e91i-ed to be 3i5e
1 de- !1b+ $/a1!e "i# o- 0hi$h !et! o1t !1$h i 4o-matio i a ma e- /iAe/y to 3i5e a 4a/!e imp-e!!io 2 a d "5# a appea/ !ha// /ie to the & [T-ib1 a/) a3ai !t a o-de- o4 the Re3i!t-a- -e41!i 3 to -e3i!te- a y !1$h $i-$1/a-. "b# Whoe5e- i!!1e! a $i-$1/a- -e4e--ed to i !1b+$/a1!e "iii# o4 $/a1!e "a#% 0hi$h ha! ot bee -e3i!te-ed% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to : [4i5e tho1!a d) -1pee!. "@# I thi! !e$tio + "a# .di!!e ti 3 !ha-eho/de-. i $/1de! a !ha-eho/de0ho ha! ot a!!e ted to the !$heme o- $o t-a$t a d a y !ha-eho/de- 0ho ha! 4ai/ed o- -e41!ed to t-a !4e- hi! !ha-e! to the t-a !4e-ee+$ompa y i a$$o-da $e 0ith the !$heme o- $o t-a$t 2 "b# .t-a !4e-o-+$ompa y. a d .t-a !4e-ee+$ompa y. !ha// ha5e the !ame mea i 3 a! i !e$tio 39<. "'# I -e/atio to a o44e- made by the t-a !4e-ee+ $ompa y to !ha-e+ ho/de-! o4 the t-a !4e-o-+$ompa y be4o-e the $omme $eme t o4 thi! A$t% thi! !e$tio !ha// ha5e e44e$t + "a# 0ith the !1b!tit1tio % i !1b+!e$tio "&#% 4o- the 0o-d! .the !ha-e! 0ho!e t-a !4e- i! i 5o/5ed "othetha !ha-e!
a/-eady he/d at the date o4 the o44e- by% o- by a omi ee 4o-% the t-a !4e-ee+$ompa y o- it! !1b!idia-y#%. o4 the 0o-d! .the !ha-e! a44e$ted. a d 0ith the omi!!io o4 the p-o5i!o to that !1b+!e$tio 2 "b# 0ith the omi!!io o4 !1b+!e$tio ":# 2 "$# 0ith the omi!!io i !1b+!e$tio "3# o4 the 0o-d! .to3ethe- 0ith a i !t-1me t o4 t-a !4e- e,e$1ted o beha/4 o4 the !ha-eho/de- by a y pe-!o appoi ted by the t-a !4e-ee+$ompa y a d o it! o0 beha/4 by the t-a !4e-ee+$ompa y. a d o4 the p-o5i!o to that !1b+!e$tio 2 a d "d# 0ith the omi!!io o4 $/a1!e "b# o4 !1b+!e$tio "@#. &. S1b!tit1ted 4o- ECo1-t? by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .4i5e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. 39'. POWER OF CENTRAC 7OFERNMENT TO PROFI*E FOR AMAC7AMATION OF COMPANIES IN NATIONAC INTEREST. "&# Whe-e the Ce t-a/ 7o5e- me t i! !ati!4ied that it i! e!!e tia/ i the p1b/i$ i te-e!t that t0o o- mo-e $ompa ie! !ho1/d ama/3amate% the % ot0ith!ta di 3 a ythi 3 $o tai ed i !e$tio ! 39< a d 39@ b1t !1b;e$t to the p-o5i!io ! o4
thi! !e$tio % the Ce t-a/ 7o5e- me t may% by o-deoti4ied i the O44i$ia/ 7aJette% p-o5ide 4o- the ama/3amatio o4 tho!e $ompa ie! i to a !i 3/e $ompa y 0ith !1$h $o !tit1tio 2 0ith !1$h p-ope-ty% po0e-!% -i3ht!% i te-e!t!% a1tho-itie! a d p-i5i/e3e! 2 a d 0ith !1$h /iabi/itie!% d1tie!% a d ob/i3atio ! 2 a! may be !pe$i4ied i the o-de-. ":# The o-de- a4o-e!aid may p-o5ide 4o- the $o ti 1atio by o- a3ai !t the t-a !4e-ee+$ompa y o4 a y /e3a/ p-o$eedi 3! pe di 3 by o- a3ai !t a y t-a !4e-o-+ $ompa y a d may a/!o $o tai !1$h $o !e91e tia/% i $ide ta/ a d !1pp/eme ta/ p-o5i!io ! a! may% i the opi io o4 the Ce t-a/ 7o5e- me t% be e$e!!a-y to 3i5e e44e$t to the ama/3amatio . "3# E5e-y membe- o- $-edito- "i $/1di 3 a debe t1-e ho/de-# o4 ea$h o4 the $ompa ie! be4o-e the ama/3amatio !ha// ha5e% a! ea-/y a! may be% the !ame i te-e!t i o-i3ht! a3ai !t the $ompa y -e!1/ti 3 4-om the ama/3amatio a! he had i the $ompa y o4 0hi$h he 0a! o-i3i a//y a membe- o- $-edito- 2 a d to the e,te t to 0hi$h the i te-e!t o- -i3ht! o4 !1$h membe- o- $-edito- i o- a3ai !t the $ompa y -e!1/ti 3 4-om the ama/3amatio a-e /e!! tha hi! i te-e!t i o-
-i3ht! a3ai !t the o-i3i a/ $ompa y% he !ha// be e tit/ed to $ompe !atio 0hi$h !ha// be a!!e!!ed by !1$h a1tho-ity a! may be p-e!$-ibed a d e5e-y !1$h a!!e!!me t !ha// be p1b/i!hed i the O44i$ia/ 7aJette. The $ompe !atio !o a!!e!!ed !ha// be paid to the membe- o- $-edito- $o $e- ed by the $ompa y -e!1/ti 3 4-om the ama/3amatio . "3A# A y pe-!o a33-ie5ed by a y a!!e!!me t o4 $ompe !atio made by the p-e!$-ibed a1tho-ity 1 de!1b+!e$tio "3# may% 0ithi thi-ty day! 4-om the date o4 p1b/i$atio o4 !1$h a!!e!!me t i the O44i$ia/ 7aJette% p-e4e- a appea/ to the & [T-ib1 a/) a d the-e1po the a!!e!!me t o4 the $ompe !atio !ha// be made by the & [T-ib1 a/). "<# No o-de- !ha// be made 1 dethi! !e$tio % 1 /e!! + "a# a $opy o4 the p-opo!ed o-deha! bee !e t i d-a4t to ea$h o4 the $ompa ie! $o $e- ed 2 Pa3e &>@ o4 33: "aa# the time 4o- p-e4e--i 3 a appea/ 1 de- !1b+ !e$tio "3A# ha! e,pi-ed% o- 0he-e a y !1$h appea/ ha! bee p-e4e--ed% the appea/ ha! bee 4i a//y di!po!ed o4 2 a d
"b# the Ce t-a/ 7o5e- me t ha! $o !ide-ed% a d made !1$h modi+4i$a+tio !% i4 a y% i the d-a4t o-de- a! may !eem to it de!i-ab/e i the /i3ht o4 a y !133e!tio ! a d ob;e$tio ! 0hi$h may be -e$ei5ed by it 4-om a y !1$h $ompa y 0ithi !1$h pe-iod a! the Ce t-a/ 7o5e- me t may 4i, i that beha/4% ot bei 3 /e!! tha t0o mo th! 4-om the date o 0hi$h the $opy a4o-e!aid i! -e$ei5ed by that $ompa y% o4-om a y $/a!! o4 !ha-e+ ho/de-! the-ei % o- 4-om a y $-edito-! oa y $/a!! o4 $-edito-! the-eo4. "@# Copie! o4 e5e-y o-demade 1 dethi! !e$tio !ha//% a! !oo a! may be a4te- it ha! bee made% be /aid be4o-e both 8o1!e! o4 Pa-/iame t. &. S1b!tit1ted 4o- ECompa y Ca0 Boa-d? by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. 39'A. PRESERFATION OF BOO6S AN* PAPERS OF AMAC7AMATE* COMPANG The booA! a d pape-! o4 a $ompa y 0hi$h ha! bee ama/3amated 0ith% o- 0ho!e !ha-e! ha5e bee a$91i-ed by% a othe- $ompa y 1 dethi! Chapte- !ha// ot be di!po!ed o4 0itho1t the p-io- pe-mi!!io o4 the Ce t-a/ 7o5e- me t
a d be4o-e 3-a ti 3 !1$h pe-mi!!io % that 7o5e- me t may appoi t a pe-!o to e,ami e the booA! a d pape-! o- a y o4 them 4o- the p1-po!e o4 a!$e-tai i 3 0hethe- they $o tai a y e5ide $e o4 the $ommi!!io o4 a o44e $e i $o e$tio 0ith the p-omotio o- 4o-matio % o- the ma a3eme t o4 the a44ai-!% o4 the 4i-!t+me tio ed $ompa y o- it! ama/3amatio o- the a$91i!itio o4 it! !ha-e!. C8APTER FI= PREFENTION OF OPPRESSION AN* MISMANA7EMENT A. Po0e-! o4 & [T-ib1 a/) 39>. APPCICATION TO & [TRIBDNAC) FOR RECIEF IN CASES OF OPPRESSION "&# A y membe-! o4 a $ompa y 0ho $omp/ai that the a44ai-! o4 the $ompa y a-e bei 3 $o d1$ted i a ma ep-e;1di$ia/ to p1b/i$ i te-e!t o- i a ma e- opp-e!!i5e to a y membe- o- membe-! "i $/1di 3 a y o e omo-e o4 them!e/5e!# may app/y to the &
[T-ib1 a/) 4o- a o-de- 1 dethi! !e$tio % p-o5ided !1$h membe-! ha5e a -i3ht !o to app/y i 5i-t1e o4 !e$tio 399. ":# I4% o a y app/i$atio 1 de- !1b+!e$tio "&#% the & [T-ib1 a/) i! o4 opi io + "a# that the $ompa y?! a44ai-! a-e bei 3 $o d1$ted i a ma e- p-e;1di$ia/ to p1b/i$ i te-e!t o- i a ma eopp-e!!i5e to a y membe- o- membe-! 2 a d "b# that to 0i d 1p the $ompa y 0o1/d 1 4ai-/y p-e;1di$e !1$h membe- o- membe-!% b1t that othe-0i!e the 4a$t! 0o1/d ;1!ti4y the maAi 3 o4 a 0i di 3 1p o-de- o the 3-o1 d that it 0a! ;1!t a d e91itab/e that the $ompa y !ho1/d be 0o1 d 1p 2 the & [T-ib1 a/) may% 0ith a 5ie0 to b-i 3i 3 to a e d the matte-! $omp/ai ed o4% maAe !1$h o-de- a! it thi A! 4it. &. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. 398. APPCICATION TO & [TRIBDNAC) FOR RECIEF MISMANA7EMENT
IN
CASES
OF
"&# A y membe-! o4 a $ompa y 0ho $omp/ai + "a# that the a44ai-! o4 the $ompa y a-e bei 3 $o d1$ted i a ma e- p-e;1di$ia/ to p1b/i$ i te-e!t oi a ma ep-e;1di$ia/ to the i te-e!t! o4 the $ompa y 2 o"b# that a mate-ia/ $ha 3e " ot bei 3 a $ha 3e b-o13ht abo1t by% o- i the i te-e!t! o4% a y $-edito-! i $/1di 3 debe t1-e ho/de-!% o- a y $/a!! o4 !ha-eho/de-!% o4 the $ompa y# ha! taAe p/a$e i the ma a3eme t o$o t-o/ o4 the $ompa y% 0hethe- by a a/te-atio i it! Boa-d o4 di-e$to-! : [BBB) o- ma a3e3 [BBB) o- i the o0 e-!hip o4 the $ompa y?! !ha-e!% o- i4 it ha! o !ha-e $apita/% i it! membe-!hip% o- i a y othema e- 0hat!oe5e-% a d that by -ea!o o4 !1$h $ha 3e% it i! /iAe/y that the a44ai-! o4 the $ompa y 0i// be $o d1$ted i a ma e- p-e;1di$ia/ to p1b/i$ i te-e!t o- i a ma e- p-e;1di$ia/ to the i te-e!t! o4 the $ompa y 2 may app/y to the & [T-ib1 a/) 4o- a o-de- 1 dethi! !e$tio % p-o5ided !1$h membe-! ha5e a -i3ht !o to app/y i 5i-t1e o4 !e$tio 399. ":# I4% o a y app/i$atio 1 de- !1b+!e$tio "&#% the
& [T-ib1 a/) i! o4 opi io that the a44ai-! o4 the $ompa y a-e bei 3 $o d1$ted a! a4o-e!aid o- that by -ea!o o4 a y mate-ia/ $ha 3e a! a4o-e!aid i the ma a3eme t o$o t-o/ o4 the $ompa y% it i! /iAe/y that the a44ai-! o4 the $ompa y 0i// be $o d1$ted a! a4o-e!aid% the & [T-ib1 a/) may% 0ith a 5ie0 to b-i 3i 3 to a e d o- p-e5e ti 3 the matte-! $omp/ai ed o4 o- app-ehe ded% maAe !1$h o-de- a! it thi A! 4it. &. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. Wo-d! .% o- o4 it! ma a3i 3 a3e t o- !e$-eta-ie! a d t-ea!1-e-!. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. 3. Wo-d! .% o- i the $o !tit1tio o- $o t-o/ o4 the 4i-m o- body $o-po-ate a$ti 3 a! it! ma a3i 3 a3e t o!e$-eta-ie! a d t-ea!1-e-!?? omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. 399. RI78T TO APPCG DN*ER SECTIONS 39> AN* 398 Pa3e &>' o4 33: "&# The 4o//o0i 3 membe-! o4 a $ompa y !ha// ha5e the -i3ht to app/y 1 de- !e$tio 39> o- 398 =
"a# i the $a!e o4 a $ompa y ha5i 3 a !ha-e $apita/% ot /e!! tha o e h1 d-ed membe-! o4 the $ompa y o-% ot /e!! tha o e+te th o4 the tota/ 1mbe- o4 it! membe-!% 0hi$he5e- i! /e!!% o- a y membe- o- membe-! ho/di 3 ot /e!! tha o e+te th o4 the i!!1ed !ha-e $apita/ o4 the $ompa y% p-o5ided that the app/i$a t o- app/i$a t! ha5e paid a// $a//! a d othe- !1m! d1e o thei- !ha-e! 2 "b# i the $a!e o4 a $ompa y ot ha5i 3 a !ha-e $apita/% ot /e!! tha o e+4i4th o4 the tota/ 1mbe- o4 it! membe-!. ":# Fo- the p1-po!e! o4 !1b+!e$tio "&#% 0he-e a y !ha-e o- !ha-e! a-e he/d by t0o o- mo-e pe-!o ! ;oi t/y% they !ha// be $o1 ted o /y a! o e membe-. "3# Whe-e a y membe-! o4 a $ompa y a-e e tit/ed to maAe a app/i$atio i 5i-t1e o4 !1b+!e$tio "&#% a y o e o- mo-e o4 them ha5i 3 obtai ed the $o !e t i 0-iti 3 o4 the -e!t% may maAe the app/i$atio o beha/4 a d 4o- the be e4it o4 a// o4 them. "<# The Ce t-a/ 7o5e- me t may% i4 i it! opi io $i-$1m!ta $e! e,i!t 0hi$h maAe it ;1!t a d e91itab/e !o to do% a1tho-i!e a y membe- o- membe-! o4 the $ompa y to app/y to the & [T-ib1 a/) 1 de- !e$tio 39> o- 398%
ot0ith!ta di 3 that the -e91i-eme t! o4 $/a1!e "a# o$/a1!e "b#% a! the $a!e may be% o4 !1b+!e$tio "&# a-e ot 41/4i//ed. "@# The Ce t-a/ 7o5e- me t may% be4o-e a1tho-i!i 3 a y membe- o- membe-! a! a4o-e!aid% -e91i-e !1$h membe- omembe-! to 3i5e !e$1-ity 4o- !1$h amo1 t a! the Ce t-a/ 7o5e- me t may deem -ea!o ab/e 4o- the payme t o4 a y $o!t! 0hi$h the & [T-ib1 a/) dea/i 3 0ith the app/i$atio may o-de- !1$h membe- o- membe-! to pay to a y othepe-!o o- pe-!o ! 0ho a-e pa-tie! to the app/i$atio . &. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <((. NOTICE TO BE 7IFEN TO CENTRAC 7OFERNMENT OF APPCICATIONS DN*ER SECTIONS 39> AN* 398 The & [T-ib1 a/) !ha// 3i5e oti$e o4 e5e-y app/i$atio made to it 1 de- !e$tio 39> o- 398 to the Ce t-a/ 7o5e- me t%
a d !ha// taAe i to $o !ide-atio the -ep-e!e tatio !% i4 a y% made to it by that 7o5e- me t be4o-e pa!!i 3 a 4i a/ o-de- 1 de- that !e$tio . &. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <(&. RI78T OF CENTRAC 7OFERNMENT TO APPCG DN*ER SECTIONS 39> AN* 398 The Ce t-a/ 7o5e- me t may it!e/4 app/y to the & [T-ib1 a/) 4o- a o-de- 1 de- !e$tio 39> o- 398% o$a1!e a app/i$atio to be made to the & [T-ib1 a/) 4o- !1$h a o-de- by a y pe-!o a1tho-i!ed by it i thi! beha/4. &. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <(:. POWERS OF & [TRIBDNAC) ON APPCICATION DN*ER SECTION 39> OR 398 Witho1t p-e;1di$e to the 3e e-a/ity o4 the po0e-! o4 the &
[T-ib1 a/) 1 de- !e$tio 39> o- 398% a y o-de- 1 deeithe!e$tio may p-o5ide 4o- + "a# the -e31/atio o4 the $o d1$t o4 the $ompa y?! a44ai-! i 41t1-e 2 "b# the p1-$ha!e o4 the !ha-e! o- i te-e!t! o4 a y membe-! o4 the $ompa y by othe- membe-! the-eo4 oby the $ompa y 2 "$# i the $a!e o4 a p1-$ha!e o4 it! !ha-e! by the $ompa y a! a4o-e!aid% the $o !e91e t -ed1$tio o4 it! !ha-e $apita/ 2 "d# the te-mi atio % !etti 3 a!ide o- modi4i$atio o4 a y a3-eeme t% ho0!oe5e- a--i5ed at% bet0ee the $ompa y o the o e ha d% a d a y o4 the 4o//o0i 3 pe-!o !% o the othe-% ame/y = "i# the ma a3i 3 di-e$to-% "ii# a y othedi-e$to-% "iii# a d "i5# : [BBB) "5# the ma a3e-% 1po !1$h te-m! a d $o ditio ! a! may% i the opi io o4 the & [T-ib1 a/) be ;1!t a d e91itab/e i a// the $i-$1m!ta $e! o4 the $a!e 2
"e# the te-mi atio % !etti 3 a!ide o- modi4i$atio o4 a y a3-eeme t bet0ee the $ompa y a d a y pe-!o ot -e4e--ed to i $/a1!e "d#% p-o5ided that o !1$h a3-eeme t !ha// be te-mi ated% !et a!ide o- modi4ied e,$ept a4te- d1e oti$e to the pa-ty $o $e- ed a d p-o5ided 41-the- that o !1$h a3-eeme t !ha// be modi4ied e,$ept a4te- obtai i 3 the $o !e t o4 the pa-ty $o $e- ed 2 "4# the !etti 3 a!ide o4 a y t-a !4e-% de/i5e-y o4 3ood!% payme t% e,e$1tio o- othe- a$t -e/ati 3 to p-ope-ty made odo e by o- a3ai !t the $ompa y 0ithi th-ee mo th! be4o-e the date o4 the app/i$atio 1 de- !e$tio 39> o398% 0hi$h 0o1/d% i4 made o- do e by o- a3ai !t a i di5id1a/% be deemed i hi! i !o/5e $y to be a 4-a1d1/e t p-e4e-e $e 2 "3# a y othematte- 4o- 0hi$h i the opi io o4 the & [T-ib1 a/) it i! ;1!t a d e91itab/e that p-o5i!io !ho1/d be made. &. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. :. S1b+$/a1!e! "iii# a d "i5# omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. <(3. INTERIM OR*ER BG &
[TRIBDNAC) Pa3e &>> o4 33: Pe di 3 the maAi 3 by it o4 a 4i a/ o-de- 1 de- !e$tio 39> o- 398% a! the $a!e may be% the & [T-ib1 a/) may% o the app/i$atio o4 a y pa-ty to the p-o$eedi 3% maAe a y i te-im o-de- 0hi$h it thi A! 4it 4o- -e31/ati 3 the $o d1$t o4 the $ompa y?! a44ai-!% 1po !1$h te-m! a d $o ditio ! a! appea- to it to be ;1!t a d e91itab/e. &. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <(<. EFFECT OF ACTERATION OF MEMORAN*DM OR ARTICCES OF COMPANG BG OR*ER DN*ER SECTION 39> OR 398 "&# Whe-e a o-de- 1 de- !e$tio 39> o- 398 maAe! a y a/te-atio i the memo-a d1m o- a-ti$/e! o4 a $ompa y% the % ot0ith!ta di 3 a y othe- p-o5i!io o4 thi! A$t% the $ompa y !ha// ot ha5e po0e-% e,$ept to the e,te t% i4 a y% pe-mitted i the o-de-% to maAe 0itho1t the /ea5e o4 the & [T-ib1 a/)% a y a/te-atio 0hat!oe5e- 0hi$h i! i $o !i!te t
0ith the o-de-% eithe- i the memo-a d1m o- i the a-ti$/e!. ":# S1b;e$t to the p-o5i!io ! o4 !1b+!e$tio "&#% the a/te-atio ! made by the o-de- !ha//% i a// -e!pe$t!% ha5e the !ame e44e$t a! i4 they had bee d1/y made by the $ompa y i a$$o-da $e 0ith the p-o5i!io ! o4 thi! A$t 2 a d the !aid p-o5i!io ! !ha// app/y a$$o-di 3/y to the memo-a d1m o- a-ti$/e! a! !o a/te-ed. "3# A $e-ti4ied $opy o4 e5e-y o-de- a/te-i 3% o- 3i5i 3 /ea5e to a/te-% a $ompa y?! memo-a d1m o- a-ti$/e!% !ha// 0ithi thi-ty day! a4te- the maAi 3 the-eo4% be 4i/ed by the $ompa y 0ith the Re3i!t-a- 0ho !ha// -e3i!te- the !ame. "<# I4 de4a1/t i! made i $omp/yi 3 0ith the p-o5i!io ! o4 !1b+!e$tio "3#% the $ompa y% a d e5e-y o44i$e- o4 the $ompa y 0ho i! i de4a1/t% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to : [4i4ty) tho1!a d -1pee!. &. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .4i5e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((.
<(@. A**ITION OF RESPON*ENTS TO APPCICATION DN*ER SECTION 39> OR 398 I4 the ma a3i 3 di-e$to- o- a y othedi-e$to& [BBB) o- the ma a3e-% o4 a $ompa y% o- a y othepe-!o % 0ho ha! ot bee imp/eaded a! a -e!po de t to a y app/i$atio 1 de!e$tio 39> o398 app/ie! to be added a! a -e!po de t the-eto% the : [T-ib1 a/) !ha//% i4 it i! !ati!4ied that the-e i! !144i$ie t $a1!e 4odoi 3 !o% di-e$t that he may be added a! a -e!po de t a$$o-di 3/y. &. Wo-d! .% the ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!%. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. :. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <('. APPCICATION OF SECTIONS @39 TO @<< TO PROCEE*IN7S DN*ER SECTIONS 39> AN* 398 I -e/atio to a app/i$atio 1 de- !e$tio 39> o- 398% !e$tio ! @39 to @<<% both i $/1!i5e% !ha// app/y i the 4o-m !et 4o-th i S$hed1/e KI.
<(>. CONSEHDENCES OF TERMINATION OR MO*IFICATION OF CERTAIN A7REEMENTS "&# Whe-e a o-de& [BBB) made 1 de- !e$tio 39> o- 398 te-mi ate!% !et! a!ide% o- modi4ie! a a3-eeme t !1$h a! i! -e4e--ed to i $/a1!e "d# o- "e# o4 !e$tio <(:% + "a# the o-de- !ha// ot 3i5e -i!e to a y $/aim 0hate5ea3ai !t the $ompa y by a y pe-!o 4o- dama3e! o- 4o$ompe !atio 4o- /o!! o4 o44i$e o- i a y othe- -e!pe$t% eithe- i p1-!1a $e o4 the a3-eeme t o- othe-0i!e 2 "b# o ma a3i 3 o- othedi-e$to: [BBB) o- ma a3e- 0ho!e a3-eeme t i! !o te-mi ated o!et a!ide 3 [BBB) !ha//% 4o- a pe-iod o4 4i5e yea-! 4-om the date o4 the o-dete-mi ati 3 o- !etti 3 a!ide the a3-eeme t% 0itho1t the /ea5e o4 the < [T-ib1 a/) be appoi ted% o- a$t% a! the ma a3i 3 oothe- di-e$to: [BBB) o- ma a3e- o4 the $ompa y. ":# "a# A y pe-!o 0ho A o0i 3/y a$t! a! a ma a3i 3 o- othedi-e$to: [BBB) o- ma a3e- o4 a $ompa y i $o t-a5e tio o4 $/a1!e "b# o4 !1b+!e$tio "&# 2 "b#
@ [BBB) "$# e5e-y othedi-e$to- o- e5e-y di-e$to-% a! the $a!e may be% o4 the $ompa y% 0ho i! A o0i 3/y a pa-ty to !1$h $o t-a5e tio 2 !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to o e yea-% o- 0ith 4i e 0hi$h may e,te d to ' [4i4ty) tho1!a d -1pee!% o- 0ith both. "3# > [No /ea5e !ha// be 3-a ted) 1 de- $/a1!e "b# o4 !1b+ !e$tio "&# 1 /e!! oti$e o4 the i te tio to app/y 4o/ea5e ha! bee !e-5ed o the Ce t-a/ 7o5e- me t a d that 7o5e- me t ha! bee 3i5e a oppo-t1 ity o4 bei 3 hea-d i the matte-. &. Wo-d! .% ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!%. omitted by the Compa ie! "Ame dme t# A$t% :((( pa-t('CL&3+>+(: :. Wo-d! .o4 a Co1-t. omitted by the Compa ie! "Ame dme t# A$t% &988 0.e.4. 3&+@+&99&. 0.e.4. &3+&:+:(((. 3. Wo-d! .% ma a3i 3 a3e t o- !e$-eta-ie! a d t-ea!1-e-!%. omitted by the Compa ie! "Ame dme t# A$t% :(((.
Wo-d! .a d o pe-!o 0ho% at the date o4 the o-dete-mi ati 3 o- !etti 3 a!ide the a3-eeme t 0a!% o!1b!e91e t/y be$ome!% a a!!o$iate o4 !1$h. tho13h eed to be omitted by the Compa ie! "Ame dme t# A$t% :((( ha5e ot bee !o omitted. Pa3e &>8 o4 33: <. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. @. Omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. '. S1b!tit1ted 4o- .4i5e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. >. S1b!tit1ted 4o- .No Co1-t !ha// 3-a t /ea5e. by the Compa ie! "Ame dme t# A$t% &988 0.e.4. 3&+@+&99&. <(8. POWERS OF 7OFERNMENT TO PREFENT OPPRESSION OR MIS+MANA7EMENT & ["&# Not0ith!ta di 3 a ythi 3 $o tai ed i thi! A$t% the Ce t-a/ 7o5e- me t may appoi t !1$h 1mbe- o4 pe-!o ! a! the : [T-ib1 a/) may% by o-de- i 0-iti 3% !pe$i4y a! bei 3 e$e!!a-y to e44e$ti5e/y !a4e31a-d the i te-e!t! o4 the $ompa y% o- it! !ha-eho/de-! o- the p1b/i$ i te-e!t! to ho/d o44i$e a! di-e$to-! the-eo4 4o- !1$h pe-iod% ot e,$eedi 3
th-ee yea-! o a y o e o$$a!io % a! it may thi A 4it% i4 the : [T-ib1 a/)% o a -e4e-e $e made to it by the Ce t-a/ 7o5e- me t o- o a app/i$atio o4 ot /e!! tha o e h1 d-ed membe-! o4 the $ompa y o- o4 the membe-! o4 the $ompa y ho/di 3 ot /e!! tha o e+te th o4 the tota/ 5oti 3 po0e- the-ei % i! !ati!4ied% a4te- !1$h i 91i-y a! it deem! 4it to maAe% that it i! e$e!!a-y to maAe the appoi tme t o- appoi tme t! i o-de- to p-e5e t the a44ai-! o4 the $ompa y bei 3 $o d1$ted eithe- i a ma e- 0hi$h i! opp-e!!i5e to a y membe-! o4 the $ompa y o- i a ma e- 0hi$h i! p-e;1di$ia/ to the i te-e!t! o4 the $ompa y o- to p1b/i$ i te-e!t = P-o5ided that i /ie1 o4 pa!!i 3 a o-de- a! a4o-e!aid% the : [T-ib1 a/) may% i4 the $ompa y ha! ot a5ai/ed it!e/4 o4 the optio 3i5e to it 1 de- !e$tio :'@% di-e$t the $ompa y to ame d it! a-ti$/e! i the ma e- p-o5ided i that !e$tio a d maAe 4-e!h appoi tme t! o4 di-e$to-! i p1-!1a $e o4 the a-ti$/e! a! !o ame ded% 0ithi !1$h time a! may be !pe$i4ied i that beha/4 by the &
[T-ib1 a/). ":# I $a!e the : [T-ib1 a/) pa!!e! a o-de- 1 de- the p-o5i!o to !1b+ !e$tio "&#% it may% i4 it thi A! 4it% di-e$t that 1 ti/ e0 di-e$to-! a-e appoi ted i p1-!1a $e o4 the o-de-! a4o-e!aid% !1$h 1mbe- o4 pe-!o ! a! the & [T-ib1 a/) may% by o-de-% !pe$i4y a! bei 3 e$e!!a-y to e44e$ti5e/y !a4e31a-d the i te-e!t! o4 the $ompa y% o- it! !ha-eho/de-! o- the p1b/i$ i te-e!t% !ha// ho/d o44i$e a! additio a/ di-e$to-! o4 the $ompa y a d o !1$h di-e$tio !% the Ce t-a/ 7o5e- me t !ha// appoi t !1$h additio a/ di-e$to-!.) "3# Fo- the p1-po!e o4 -e$Ao i 3 t0o+thi-d! o- a y othe- p-opo-tio o4 the tota/ 1mbe- o4 di-e$to-! o4 the $ompa y% a y di-e$to- o- di-e$to-! appoi ted by the Ce t-a/ 7o5e- me t 1 de- !1b+!e$tio "&# o- ":# !ha// ot be taAe i to a$$o1 t. "<# A pe-!o appoi ted 1 de- !1b+!e$tio "&# to ho/d o44i$e a! a di-e$to- o- a pe-!o di-e$ted 1 de- !1b+ !e$tio ":# to ho/d o44i$e a! a additio a/ di-e$to-% !ha// ot be -e91i-ed to ho/d a y 91a/i4i$atio !ha-e! o- hi! pe-iod o4 o44i$e !ha//
be /iab/e to dete-mi atio by -eti-eme t o4 di-e$to-! by -otatio 2 b1t a y !1$h di-e$to- o- additio a/ di-e$tomay be -emo5ed by the Ce t-a/ 7o5e- me t 4-om hi! o44i$e at a y time a d a othepe-!o may be appoi ted by that 7o5e- me t i hi! p/a$e to ho/d o44i$e a! a di-e$to- o-% a! the $a!e may be% a additio a/ di-e$to-. "@# No $ha 3e i the Boa-d o4 di-e$to-! made a4te- a pe-!o i! appoi ted o- di-e$ted to ho/d o44i$e a! a di-e$to- oadditio a/ di-e$to- 1 dethi! !e$tio !ha//% !o /o 3 a! !1$h di-e$to- o- additio a/ di-e$to- ho/d! o44i$e% ha5e e44e$t 1 /e!! $o 4i-med by the : [T-ib1 a/). "'# Not0ith!ta di 3 a ythi 3 $o tai ed i thi! A$t o- i a y othe- /a0 4o- the time bei 3 i 4o-$e% 0he-e a y pe-!o i! appoi ted by the Ce t-a/ 7o5e- me t to ho/d o44i$e a! di-e$to- o- additio a/ di-e$to- o4 a $ompa y i p1-!1a $e o4 !1b+!e$tio "&# o- !1b+!e$tio ":#% the Ce t-a/ 7o5e- me t may i!!1e !1$h di-e$tio ! to the $ompa y a! it may $o !ide- e$e!!a-y o- app-op-iate i -e3a-d to it! a44ai-! & [a d !1$h di-e$tio ! may i $/1de di-e$tio ! to -emo5e a
a1dito- a/-eady appoi ted a d to appoi t a othea1dito- i hi! p/a$e o- to a/te- the a-ti$/e! o4 the $ompa y% a d 1po !1$h di-e$tio ! bei 3 3i5e % the appoi tme t% -emo5a/ o- a/te-atio % a! the $a!e may be% !ha// be deemed to ha5e $ome i to e44e$t a! i4 the p-o5i!io ! o4 thi! A$t i thi! beha/4 ha5e bee $omp/ied 0ith 0itho1t -e91i-i 3 a y 41-the- a$t o- thi 3 to be do e.) "># The Ce t-a/ 7o5e- me t may -e91i-e the pe-!o ! appoi ted a! di-e$to-! o- additio a/ di-e$to-! i p1-!1a $e o4 !1b+!e$tio "&# o- !1b+!e$tio ":# to -epo-t to the Ce t-a/ 7o5e- me t 4-om time to time 0ith -e3a-d to the a44ai-! o4 the $ompa y. &. S1b!tit1ted by the Compa ie! "Ame dme t# A$t% &988 0.e.4. &@+'+&988. :. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <(9. POWER OF & [TRIBDNAC) TO PREFENT C8AN7E IN BOAR* OF *IRECTORS CI6ECG TO AFFECT COMPANG PREID*ICIACCG "&# Whe-e a $omp/ai t i! made to the
& [T-ib1 a/) by the ma a3i 3 di-e$to- o- a y othedi-e$to: [BBB)% o- the ma a3e-% o4 a $ompa y that a! a -e!1/t o4 a $ha 3e 0hi$h ha! taAe p/a$e o- i! /iAe/y to taAe p/a$e i the o0 e-!hip o4 a y !ha-e! he/d i the $ompa y% a $ha 3e i the Boa-d o4 di-e$to-! i! /iAe/y to taAe p/a$e 0hi$h "i4 a//o0ed# 0o1/d a44e$t p-e;1di$ia//y the a44ai-! o4 the $ompa y% the & [T-ib1 a/) may% i4 !ati!4ied% a4te- !1$h i 91i-y a! it thi A! 4it to maAe that it i! ;1!t a d p-ope- !o to do% by o-de-% di-e$t that o -e!o/1tio pa!!ed o- that may be pa!!ed o- o a$tio taAe o- that may be taAe to e44e$t a $ha 3e i the Boa-d o4 di-e$to-! a4te- the date o4 the $omp/ai t !ha// ha5e e44e$t 1 /e!! $o 4i-med by the & [T-ib1 a/) 2 a d a y !1$h o-de- !ha// ha5e e44e$t ot0ith!ta di 3 a ythi 3 to the $o t-a-y $o tai ed i a y othe- p-o5i!io o4 thi! A$t o- i the memo-a d1m o- a-ti$/e! o4 the $ompa y% o- i a y a3-eeme t 0ith% o- a y -e!o/1tio pa!!ed i 3e e-a/ meeti 3 by% o- by the Boa-d o4 di-e$to-! o4% the $ompa y. ":# The
& [T-ib1 a/) !ha// ha5e po0e- 0he a y !1$h $omp/ai t i! -e$ei5ed by it% to maAe a i te-im o-de- to the e44e$t !et o1t i !1b+!e$tio "&#% be4o-e maAi 3 o- $omp/eti 3 the i 91i-y a4o-e!aid. Pa3e &>9 o4 33: "3# Nothi 3 $o tai ed i !1b+!e$tio ! "&# a d ":# !ha// app/y to a p-i5ate $ompa y% 1 /e!! it i! a !1b!idia-y o4 a p1b/i$ $ompa y. &. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. Wo-d! .% the ma a3i 3 a3e t% the !e$-eta-ie! a d t-ea!1-e-!. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. C8APTER FII= CONSTITDTION AN* POWERS OF A*FISORG COMMITTEE <&(. APPOINTMENT OF A*FISORG COMMITTEE Fo- the p1-po!e o4 ad5i!i 3 the Ce t-a/ 7o5e- me t a d the & [T-ib1 a/) o !1$h matte-! a-i!i 3 o1t o4 the admi i!t-atio o4 thi! A$t a! may be -e4e--ed to it by that 7o5e- me t o: [the T-ib1 a/)% the Ce t-a/ 7o5e- me t may
$o !tit1te a Ad5i!o-y Committee $o !i!ti 3 o4 mo-e tha 4i5e pe-!o ! 0ith !1itab/e 91a/i4i$atio !.
ot
&. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. :. S1b!tit1ted 4o- .Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. <&&. *DTIES OF A*FISORG COMMISSION [Omitted by the Compa ie! "Ame dme t# A$t% &9'@% 0.e.4. &@+&(+&9'@.) <&:. FORMS AN* PROCE*DRE IN CASES REFERRE* TO A*FISORG COMMISSION [Omitted by the Compa ie! "Ame dme t# A$t% &9'@% 0.e.4. &@+&(+&9'@.) <&3. POWERS OF A*FISORG COMMISSION [Omitted by the Compa ie! "Ame dme t# A$t% &9'@% 0.e.4. &@+&(+&9'@.) <&<. PENACTIES [Omitted by the Compa ie! "Ame dme t# A$t% &9'@% 0.e.4. &@+&(+&9'@.) <&@. IMMDNITG FOR ACTION TA6EN IN 7OO* FAIT8 [Omitted by the Compa ie! "Ame dme t# A$t% &9'@% 0.e.4. &@+&(+&9'@.) C8APTER FIII= MISCECCANEODS PROFISIONS
Co t-a$t! 0he-e $ompa y i! 1 di!$/o!ed p-i $ipa/ <&'. CONTRACTS BG A7ENTS OF COMPANG IN W8IC8 COMPANG IS DN*ISCCOSE* PRINCIPAC "&# E5e-y pe-!o % bei 3 the & [BBB) ma a3e- o- othe- a3e t o4 a p1b/i$ $ompa y o- o4 a p-i5ate $ompa y 0hi$h i! a !1b!idia-y o4 a p1b/i$ $ompa y% 0ho e te-! i to a $o t-a$t 4o- o- o beha/4 o4 the $ompa y i 0hi$h $o t-a$t the $ompa y i! a 1 di!$/o!ed p-i $ipa/ !ha//% at the time o4 e te-i 3 i to the $o t-a$t% maAe a memo-a d1m i 0-iti 3 o4 the te-m! o4 the $o t-a$t% a d !pe$i4y the-ei the pe-!o 0ith 0hom it i! e te-ed i to. ":# E5e-y !1$h pe-!o 0ho e te-! i to a $o t-a$t a! a4o-e!aid !ha// 4o-th0ith de/i5e- the memo-a d1m to the $ompa y a d !e d $opie! the-eo4 to ea$h o4 the di-e$to-! 2 a d !1$h memo-a d1m !ha// be 4i/ed i the o44i$e o4 the $ompa y a d /aid be4o-e the Boa-d o4 di-e$to-! at it! e,t meeti 3. "3# I4 de4a1/t i! made i $omp/yi 3 0ith the -e91i-eme t! o4 thi! !e$tio % + "a# the $o t-a$t !ha//% at the optio o4 the $ompa y% be 5oidab/e a! a3ai !t the $ompa y 2 a d
"b# the pe-!o 0ho e te-! i to the $o t-a$t% o- e5e-y o44i$e- o4 the $ompa y 0ho i! i de4a1/t% a! the $a!e may be% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to : [t0o tho1!a d) -1pee!. &. Wo-d! .% ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. :. S1b!tit1ted 4o- .t0o h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. Emp/oyee!? !e$1-itie! a d p-o5ide t 41 d! <&>. EMPCOGEES? SECDRITIES TO BE *EPOSITE* IN POST OFFICE SAFIN7S BAN6 OR SC8E*DCE* BAN6 "&# A y mo ey o- !e$1-ity depo!ited 0ith a $ompa y by a y o4 it! emp/oyee i p1-!1a $e o4 hi! $o t-a$t o4 !e-5i$e 0ith the $ompa y !ha// be Aept o- depo!ited by the $ompa y 0ithi 4i4tee day! 4-om the date o4 depo!it + "a# i a po!t o44i$e !a5i 3! ba A a$$o1 t% o"b# i a !pe$ia/ a$$o1 t to be ope ed by the $ompa y 4o- the p1-po!e i the State Ba A o4 I dia o- i a !$hed1/ed ba A% o-
"$# 0he-e the $ompa y it!e/4 i! a !$hed1/ed ba A% i a !pe$ia/ a$$o1 t to be ope ed by the $ompa y 4o- the p1-po!e eithe- i it!e/4 o- i the State Ba A o4 I dia o- i a y othe- !$hed1/ed ba A. ":# No po-tio o4 !1$h mo ey! o- !e$1-itie! !ha// be 1ti/i!ed by the $ompa y e,$ept 4o- the p1-po!e! a3-eed to i the $o t-a$t! o4 !e-5i$e. Pa3e &8( o4 33: "3# A -e$eipt 4o- mo ey! depo!ited 0ith a $ompa y by it! emp/oyee !ha// ot be deemed to be a !e$1-ity 0ithi the mea i 3 o4 thi! !e$tio 2 a d the mo ey! them!e/5e! !ha// a$$o-di 3/y be depo!ited a! p-o5ided i !1b+ !e$tio "&#. <&8. PROFISIONS APPCICABCE TO PROFI*ENT FDN*S OF EMPCOGEES "&# Whe-e a p-o5ide t 41 d ha! bee $o !tit1ted by a $ompa y 4o- it! emp/oyee! o- a y $/a!! o4 it! emp/oyee!% a// mo ey! $o t-ib1ted to !1$h 41 d "0hethe- by the $ompa y o- by the emp/oyee!# o- -e$ei5ed o- a$$-1i 3 by 0ay o4 i te-e!t o- othe-0i!e to !1$h 41 d !ha//% 0ithi 4i4tee day! 4-om the date o4 $o t-ib1tio % -e$eipt o- a$$-1a/% a! the $a!e may be% eithe-+ "a# be depo!ited + "i# i a po!t o44i$e !a5i 3! ba A a$$o1 t% o-
"ii# i a !pe$ia/ a$$o1 t to be ope ed by the $ompa y 4o- the p1-po!e i the State Ba A o4 I dia o- i a !$hed1/ed ba A% o"iii# 0he-e the $ompa y it!e/4 i! a !$hed1/ed ba A% i a !pe$ia/ a$$o1 t to be ope ed by the $ompa y 4o- the p1-po!e eithe- i it!e/4 o- i the State Ba A o4 I dia o- i a y othe- !$hed1/ed ba A 2 o"b# be i 5e!ted i the !e$1-itie! me tio ed o- -e4e--ed to i $/a1!e! "a# to "e# o4 !e$tio :( o4 the I dia T-1!t! A$t% &88: ": o4 &88:#. ":# Not0ith!ta di 3 a ythi 3 to the $o t-a-y i the -1/e! o4 a y p-o5ide t 41 d to 0hi$h !1b+!e$tio "&# app/ie! o- i a y $o t-a$t bet0ee a $ompa y a d it! emp/oyee!% o emp/oyee !ha// be e tit/ed to -e$ei5e% i -e!pe$t o4 !1$h po-tio o4 the amo1 t to hi! $-edit i !1$h 41 d a! i! i 5e!ted i a$$o-da $e 0ith the p-o5i!io ! o4 !1b+ !e$tio "&#% i te-e!t at a -ate e,$eedi 3 the -ate o4 i te-e!t yie/ded by !1$h i 5e!tme t. "3# Nothi 3 i !1b+!e$tio "&# !ha// a44e$t a y -i3ht! o4 a emp/oyee 1 de- the -1/e! o4 a p-o5ide t 41 d to obtai ad5a $e! 4-om o- to 0ithd-a0 mo ey !ta di 3 to hi! $-edit i the 41 d% 0he-e the 41 d i! a -e$o3 i!ed p-o5ide t 41 d
0ithi the mea i 3 o4 $/a1!e "a# o4 !e$tio @8A o4 the I dia I $ome+ta, A$t% &9:: "&& o4 &9::#% o- 0he-e the -1/e! o4 the 41 d $o tai p-o5i!io ! $o--e!po di 3 to -1/e! <% @% '% >% 8 a d 9 o4 the I dia I $ome+ta, "P-o5ide t F1 d! Re/ie4# R1/e!. "<# Whe-e a t-1!t ha! bee $-eated by a $ompa y 0ith -e!pe$t to a y p-o5ide t 41 d -e4e--ed to i !1b+!e$tio "&#% the $ompa y !ha// be bo1 d to $o//e$t the $o t-ib1tio ! o4 the emp/oyee! $o $e- ed a d pay !1$h $o t-ib1tio a! 0e// a! it! o0 $o t-ib1tio !% i4 a y% to the t-1!tee! 0ithi 4i4tee day! 4-om the date o4 $o//e$tio 2 b1t i othe-e!pe$t!% the ob/i3atio ! /aid o the $ompa y by thi! !e$tio !ha// de5o/5e o the t-1!tee! a d !ha// be di!$ha-3ed by them i !tead o4 by the $ompa y. <&9. RI78T OF EMPCOGEE TO SEE BAN6 RECEIPT FOR MONEGS OR SECDRITIES REFERRE* TO IN SECTION <&> OR <&8 A emp/oyee !ha// be e tit/ed% o -e91e!t made i thi! beha/4 to the $ompa y% o- to the t-1!tee! -e4e--ed to i !1b+ !e$tio "<# o4 !e$tio <&8% a! the $a!e may be% to !ee the ba A?! -e$eipt 4o- a y mo ey o- !e$1-ity !1$h a! i! -e4e--ed
to i !e$tio ! <&> a d <&8. <:(. PENACTG FOR CONTRAFENTION OF SECTIONS <&>% <&8 AN* <&9 A y o44i$e- o4 a $ompa y% o- a y !1$h t-1!tee o4 a p-o5ide t 41 d a! i! -e4e--ed to i !1b+!e$tio "<# o4 !e$tio <&8 0ho% A o0i 3/y% $o t-a5e e!% o- a1tho-i!e! o- pe-mit! the $o t-a5e tio o4% the p-o5i!io ! o4 !e$tio <&>% <&8 o- <&9% !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to !i, mo th!% o- 0ith 4i e 0hi$h may e,te d to & [te ) tho1!a d -1pee!. Re$ei5e-! a d ma a3e-! <:&. FICIN7 OF ACCODNTS OF RECEIFERS E5e-y -e$ei5e- o4 the p-ope-ty o4 a $ompa y 0ho ha! bee appoi ted 1 de- a po0e- $o 4e--ed by a y i !t-1me t a d 0ho ha! taAe po!!e!!io % !ha// o $e i e5e-y ha/4 yea- 0hi/e he -emai ! i po!!e!!io % a d a/!o o $ea!i 3 to a$t a! -e$ei5e-% 4i/e 0ith the Re3i!t-a- a ab!t-a$t i the p-e!$-ibed 4o-m o4 hi! -e$eipt! a d payme t! d1-i 3 the pe-iod to 0hi$h the ab!t-a$t -e/ate!.
<::. INFOICES% ETC.% TO REFER TO RECEIFER W8ERE T8ERE IS ONE Whe-e a -e$ei5e- o4 the p-ope-ty o4 a $ompa y ha! bee appoi ted% e5e-y i 5oi$e% o-de- 4o- 3ood!% ob1!i e!! /ettei!!1ed by o- o beha/4 o4 the $ompa y% o- the -e$ei5eo4 the $ompa y% bei 3 a do$1me t o o- i 0hi$h the ame o4 the $ompa y appea-!% !ha// $o tai a !tateme t that a -e$ei5e- ha! bee appoi ted. <:3. PENACTG FOR NON+COMPCIANCE WIT8 SECTIONS <:& AN* <:: I4 de4a1/t i! made i $omp/yi 3 0ith the -e91i-eme t! o4 !e$tio <:& o- <::% the $ompa y% a d e5e-y o44i$eo4 the $ompa y 0ho i! i de4a1/t% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [t0o tho1!a d) -1pee!. Fo- the p1-po!e! o4 thi! !e$tio % the -e$ei5e- !ha// be deemed to be a o44i$e- o4 the $ompa y. &. S1b!tit1ted 4o- .t0o h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. & [<:<. APPCICATION OF SECTIONS <:& TO <:3 TO RECEIFERS AN* MANA7ERS APPOINTE* BG TRIBDNAC
AN* MANA7ERS APPOINTE* IN PDRSDANCE OF AN INSTRDMENT Pa3e &8& o4 33: The p-o5i!io ! o4 !e$tio ! <:& to <:3 !ha// app/y to the -e$ei5e- o4% o- a y pe-!o appoi ted to ma a3e% the p-ope-ty o4 a $ompa y% appoi ted by the T-ib1 a/ o- to a y pe-!o appoi ted to ma a3e% the p-ope-ty o4 a $ompa y 1 de- a y po0e-! $o tai ed i a i !t-1me t% i /iAe ma e- a! they app/y to a -e$ei5e- appoi ted 1 de- a y po0e-! $o tai ed i a i !t-1me t.) :. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to !1b!tit1tio !e$tio <:< -ead a! 1 de-= .<:<. App/i$atio o4 !e$tio ! <:& to <:3 to -e$ei5e-! a d ma a3e-! appoi ted by Co1-t a d ma a3e-! appoi ted i p1-!1a $e o4 a i !t-1me t. + The p-o5i!io ! o4 !e$tio ! <:&% <:: a d <:3 !ha// app/y to the -e$ei5e- o4% o- a y pe-!o appoi ted to ma a3e% the p-ope-ty o4 & [PART FIA) Re5i5a/ a d Compa ie! Rehabi/itatio o4 Si$A I d1!t-ia/
<:<A. REFERENCE TO TRIBDNAC "&# Whe-e a i d1!t-ia/ $ompa y% ha! be$ome a !i$A i d1!t-ia/ $ompa y% the Boa-d o4 di-e$to-! o4 !1$h $ompa y !ha// maAe a -e4e-e $e to the T-ib1 a/% a d p-epa-e a !$heme o4 it! -e5i5a/ a d -ehabi/itatio a d !1bmit the !ame to the T-ib1 a/ a/o 3 0ith a app/i$atio $o tai i 3 !1$h pa-ti$1/a-! a! may be p-e!$-ibed% 4o- dete-mi atio o4 the mea!1-e! 0hi$h may be adopted 0ith -e!pe$t to !1$h $ompa y = P-o5ided that othi 3 $o tai ed i thi! !1b+!e$tio !ha// app/y to a 7o5e- me t $ompa y = P-o5ided 41-the- that a 7o5e- me t $ompa y may% 0ith the p-ioapp-o5a/ o4 the Ce t-a/ 7o5e- me t o- a State 7o5e- me t% a! the $a!e may be% maAe a -e4e-e $e to the T-ib1 a/ i a$$o-da $e 0ith the p-o5i!io ! o4 thi! !1b+ !e$tio a d the-ea4te- a// the p-o5i!io ! o4 thi! A$t !ha// app/y to !1$h 7o5e- me t $ompa y. ":# The app/i$atio 1 de- !1b+!e$tio "&# !ha// be a$$ompa ied by a $e-ti4i$ate 4-om a a1dito- 4-om a pa e/ o4 a1dito-! p-epa-ed by the T-ib1 a/ i di$ati 3 + "a# the -ea!o ! o4 the et 0o-th o4 !1$h $ompa y bei 3 4i4ty pe- $e t o- /e!! tha 4i4ty pe- $e t 2 o"b# the de4a1/t i -epayme t o4 it! debt maAi 3 !1$h $ompa y a !i$A i d1!t-ia/ $ompa y% a! the $a!e may be.
"3# Witho1t p-e;1di$e to the p-o5i!io ! o4 !1b+!e$tio "&#% the Ce t-a/ 7o5e- me t o- the Re!e-5e Ba A o- a State 7o5e- me t o- a p1b/i$ 4i a $ia/ i !tit1tio o- a State /e5e/ i !tit1tio o- a !$hed1/ed ba A may% i4 it ha! !144i$ie t -ea!o ! to be/ie5e that a y i d1!t-ia/ $ompa y ha! be$ome% 4o- the p1-po!e! o4 thi! A$t% a !i$A i d1!t-ia/ $ompa y% maAe a -e4e-e $e i -e!pe$t o4 !1$h $ompa y to the T-ib1 a/ 4o- dete-mi atio o4 the mea!1-e! 0hi$h may be adopted 0ith -e!pe$t to !1$h $ompa y = P-o5ided that a -e4e-e $e !ha// ot be made 1 dethi! !1b+!e$tio i -e!pe$t o4 a y i d1!t-ia/ $ompa y by + "a# the 7o5e- me t o4 a y State 1 /e!! a// o- a y o4 the i d1!t-ia/ 1 de-taAi 3! be/o 3i 3 to !1$h $ompa y a-e !it1ated i !1$h State2 "b# a p1b/i$ 4i a $ia/ i !tit1tio o- a State /e5e/ i !tit1tio o- a !$hed1/ed ba A 1 /e!! it ha!% by -ea!o o4 a y 4i a $ia/ a!!i!ta $e o- ob/i3atio -e de-ed by it% o- 1 de-taAe by it% 0ith -e!pe$t to !1$h $ompa y% a i te-e!t i !1$h $ompa y. "<# A -e4e-e $e 1 de- !1b+!e$tio "&# o- !1b+!e$tio "3# !ha// be made to the T-ib1 a/ 0ithi a pe-iod o4 o e h1 d-ed a d ei3hty day! 4-om the date o 0hi$h the Boa-d o4 di-e$to-! o4 the $ompa y o- the Ce t-a/ 7o5e- me t othe
Re!e-5e Ba A o4 I dia o- a State 7o5e- me t o- a p1b/i$ 4i a $ia/ i !tit1tio o- a State /e5e/ i !tit1tio oa !$hed1/ed ba A% a! the $a!e may be% $ome to A o0% o4 the -e/e5a t 4a$t! 3i5i 3 -i!e to $a1!e! o4 !1$h -e4e-e $e o- 0ithi !i,ty day! o4 4i a/ adoptio o4 a$$o1 t!% 0hi$he5e- i! ea-/ie-. "@# The T-ib1 a/ may% o -e$eipt o4 a -e4e-e $e 1 de!1b+!e$tio "&#% pa!! a o-de- a! to 0hethe- a $ompa y i -e!pe$t o4 0hi$h a -e4e-e $e ha! bee made ha! be$ome a !i$A i d1!t-ia/ $ompa y a d !1$h o-de!ha// be 4i a/. &. Pa-t FIA i $/1di 3 !e$tio ! <:<A to <:<C% i !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <:<B. INHDIRG INTO WOR6IN7 OF SIC6 IN*DSTRIAC COMPANIES "&# The T-ib1 a/ may maAe !1$h i 91i-y a! it may deem 4it 4o- dete-mi i 3 0hethe- a y i d1!t-ia/ $ompa y ha! be$ome a !i$A i d1!t-ia/ $ompa y + "a# 1po -e$eipt o4 a -e4e-e $e 0ith -e!pe$t to !1$h $ompa y 1 de- !e$tio <:<A 2 o"b# 1po i 4o-matio -e$ei5ed 0ith -e!pe$t to !1$h $ompa y o- 1po it! o0 A o0/ed3e a! to the 4i a $ia/ $o ditio o4 the $ompa y.
":# The T-ib1 a/ may% i4 it deem! e$e!!a-y oe,pedie t !o to do 4o- the e,peditio1! di!po!a/ o4 a i 91i-y 1 de- !1b+ !e$tio "&#% -e91i-e by o-de- a y ope-ati 3 a3e $y to e 91i-e i to the !$heme 4o- -e5i5a/ a d maAe a -epo-t 0ith -e!pe$t to !1$h matte-! a! may be !pe$i4ied i the o-de-. "3# The ope-ati 3 a3e $y !ha// $omp/ete it! i 91i-y a! e,peditio1!/y a! po!!ib/e a d !1bmit it! -epo-t to the T-ib1 a/ 0ithi t0e ty+o e day! 4-om the date o4 !1$h o-de- = P-o5ided that the T-ib1 a/ may e,te d the !aid pe-iod to 4o-ty day! 4o- -ea!o ! to be -e$o-ded i 0-iti 3 4o!1$h e,te !io . "<# The T-ib1 a/ !ha// $o $/1de it! i 91i-y a! e,peditio1!/y a! po!!ib/e a d pa!! 4i a/ o-de-! i the p-o$eedi 3! 0ithi !i,ty day! 4-om the $omme $eme t o4 the i 91i-y = Pa3e &8: o4 33: P-o5ided that the T-ib1 a/ may e,te d the !aid pe-iod to i ety day! 4o- -ea!o ! to be -e$o-ded i 0-iti 3 4o!1$h e,te !io . E,p/a atio . + Fo- the p1-po!e! o4 thi! !1b+!e$tio % a i 91i-y !ha// be deemed to ha5e $omme $ed 1po the -e$eipt by the T-ib1 a/ o4 a y -e4e-e $e o- i 4o-matio o- 1po it! o0 A o0/ed3e -ed1$ed to 0-iti 3 by the T-ib1 a/.
"@# Whe-e the T-ib1 a/ deem! it 4it to maAe a i 91i-y o- to $a1!e a i 91i-y to be made i to a y i d1!t-ia/ $ompa y 1 de- !1b+!e$tio "&# o-% a! the $a!e may be% 1 de!1b+!e$tio ":#% it may appoi t o e o- mo-e pe-!o ! 0ho po!!e!! A o0/ed3e% e,pe-ie $e a d e,pe-ti!e i ma a3eme t a d $o t-o/ o4 the a44ai-! o4 a y othe- $ompa y to be a !pe$ia/ di-e$to- o- !pe$ia/ di-e$to-! o the Boa-d o4 !1$h i d1!t-ia/ $ompa y o !1$h te-m! a d $o ditio ! a! may be p-e!$-ibed 4o- !a4e31a-di 3 it! 4i a $ia/ a d othei te-e!t! o- i the p1b/i$ i te-e!t. "'# The !pe$ia/ di-e$to- o- !pe$ia/ di-e$to-! appoi ted 1 de- !1b+ !e$tio "@# !ha// !1bmit a -epo-t to the T-ib1 a/ 0ithi !i,ty day! 4-om the date o4 appoi tme t o4 !1$h di-e$to- o- di-e$to-! abo1t the !tate o4 a44ai-! o4 the $ompa y i -e!pe$t o4 0hi$h -e4e-e $e ha! bee made 1 de- !1b+ !e$tio "&# a d !1$h !pe$ia/ di-e$to- o- di-e$to-! !ha// ha5e a// the po0e-! o4 a di-e$to- o4 a $ompa y 1 dethi! A$t% e$e!!a-y 4o- di!$ha-3e o4 hi! o- thei- d1tie!. "># The T-ib1 a/ may i!!1e !1$h di-e$tio ! to a !pe$ia/ di-e$toappoi ted 1 de- !1b+!e$tio "@# a! it may deem e$e!!a-y oe,pedie t 4o- p-ope- di!$ha-3e o4 hi! d1tie!.
"8# The appoi tme t o4 a !pe$ia/ di-e$to- -e4e--ed to i !1b+!e$tio "@# !ha// be 5a/id a d e44e$ti5e ot0ith!ta di 3 a ythi 3 to the $o t-a-y $o tai ed i a y othep-o5i!io o4 thi! A$t o- i a y othe- /a0 4o- the time bei 3 i 4o-$e o- i the memo-a d1m a d a-ti$/e! o4 a!!o$iatio o- a y othe- i !t-1me t -e/ati 3 to the i d1!t-ia/ $ompa y% a da y p-o5i!io -e3a-di 3 !ha-e 91a/i4i$atio % a3e /imit% 1mbe- o4 di-e$to-!hip!% -emo5a/ 4-om o44i$e o4 di-e$to-! a d !1$h /iAe $o ditio ! $o tai ed i a y !1$h /a0 o- i !t-1me t a4o-e!aid% !ha// ot app/y to a y !pe$ia/ di-e$to- odi-e$to-! appoi ted by the T-ib1 a/. "9# A y !pe$ia/ di-e$toappoi ted 1 de- !1b+!e$tio "@#% !ha// + "a# ho/d o44i$e d1-i 3 the p/ea!1-e o4 the T-ib1 a/ a d may be -emo5ed o- !1b!tit1ted by a y pe-!o by o-deo4 the T-ib1 a/ 2 "b# ot i $1- a y ob/i3atio o- /iabi/ity by -ea!o o /y o4 hi! bei 3 a di-e$to- o- 4o- a ythi 3 do e o- omitted to be do e i 3ood 4aith i the di!$ha-3e o4 hi! d1tie! a! a di-e$too- a ythi 3 i -e/atio the-eto2 "$# ot be /iab/e to -eti-eme t by -otatio a d !ha// ot be taAe i to a$$o1 t 4o- $omp1ti 3 the 1mbe- o4 di-e$to-! /iab/e to !1$h -eti-eme t 2
"d# ot be /iab/e to be p-o!e$1ted 1 de- a y /a0 4oa ythi 3 do e o- omitted to be do e i 3ood 4aith i the di!$ha-3e o4 hi! d1tie! i -e/atio to the !i$A i d1!t-ia/ $ompa y. <:<C. POWERS OF TRIBDNAC TO MA6E SDITABCE OR*ER ON COMPCETION OF INHDIRG "&# I4 a4te- maAi 3 a i 91i-y 1 de- !e$tio <:< B% the T-ib1 a/ i! !ati!4ied that a $ompa y ha! be$ome a !i$A i d1!t-ia/ $ompa y% the T-ib1 a/ !ha//% a4te$o !ide-i 3 a// the -e/e5a t 4a$t! a d $i-$1m!ta $e! o4 the $a!e% de$ide% a! !oo a! may be% by a o-de- i 0-iti 3% 0hethe- it i! p-a$ti$ab/e 4o- the $ompa y to maAe it! et 0o-th e,$eed the a$$1m1/ated /o!!e! o- maAe the -epayme t o4 it! debt! -e4e--ed to i $/a1!e "b# o4 !1b+!e$tio ":# o4 !e$tio <:<A 0ithi a -ea!o ab/e time. ":# I4 the T-ib1 a/ de$ide! 1 de- !1b+!e$tio "&# that it i! p-a$ti$ab/e 4o- a !i$A i d1!t-ia/ $ompa y to maAe it! et 0o-th e,$eed the a$$1m1/ated /o!!e! o- pay it! debt -e4e--ed to i that !1b+!e$tio 0ithi a -ea!o ab/e time% the T-ib1 a/ !ha//% by o-de- i 0-iti 3 a d !1b;e$t to !1$h -e!t-i$tio ! o- $o ditio ! a! may be !pe$i4ied i the o-de-% 3i5e !1$h time to the $ompa y a! it may deem 4it to maAe it! et 0o-th e,$eed the a$$1m1/ated /o!!e! o- maAe -epayme t o4 the
debt!. "3# I4 the T-ib1 a/ de$ide! 1 de- !1b+!e$tio "&# that it i! ot p-a$ti$ab/e 4o- a !i$A i d1!t-ia/ $ompa y to maAe it! et 0o-th e,$eed the a$$1m1/ated /o!!e! o- maAe the -epayme t o4 it! debt! -e4e--ed to i $/a1!e "b# o4 !1b+ !e$tio ":# o4 !e$tio <:<A% 0ithi a -ea!o ab/e time a d that it i! e$e!!a-y o- e,pedie t i the p1b/i$ i te-e!t to adopt a// o- a y o4 the mea!1-e! !pe$i4ied i !e$tio <:<* i -e/atio to the !aid $ompa y it may% a! !oo a! may be% by o-dei 0-iti 3% di-e$t a y ope-ati 3 a3e $y !pe$i4ied i the o-de- to p-epa-e% ha5i 3 -e3a-d to !1$h 31ide/i e! a! may be !pe$i4ied i the o-de-% a !$heme p-o5idi 3 4o- !1$h mea!1-e! i -e/atio to !1$h $ompa y. "<# The T-ib1 a/ may% + "a# i4 a y o4 the -e!t-i$tio ! o- $o ditio ! !pe$i4ied i a o-demade 1 de- !1b+!e$tio ":# a-e ot $omp/ied 0ith by the $ompa y $o $e- ed% o- i4 the $ompa y 4ai/! to -e5i5e i p1-!1a $e o4 the !aid o-de-% -e5ie0 !1$h o-de- o a -e4e-e $e i that beha/4 4-om a y a3e $y -e4e--ed to i !1b+ !e$tio "3# o4 !e$tio <:<A o- o it! o0 motio a d pa!! a 4-e!h o-de- i -e!pe$t o4 !1$h $ompa y 1 de- !1b+!e$tio "3# 2
"b# i4 the ope-ati 3 a3e $y !pe$i4ied i a o-demade 1 de- !1b+!e$tio "3# maAe! a !1bmi!!io i that beha/4% -e5ie0 !1$h o-de- a d modi4y the o-de- i !1$h ma e- a! it may deem app-op-iate. <:<*. PREPARATION AN* SANCTION OF SC8EMES "&# Whe-e a o-de- i! made 1 de- !1b+!e$tio "3# o4 !e$tio <:<C i -e/atio to a y !i$A i d1!t-ia/ $ompa y% the ope-ati 3 a3e $y !pe$i4ied i the o-de- !ha// p-epa-e a! e,peditio1!/y a! po!!ib/e a d o-di a-i/y 0ithi a pe-iod o4 !i,ty day! 4-om the date o4 !1$h o-de-% ha5i 3 -e3a-d to the 31ide/i e! 4-amed by the Re!e-5e Ba A o4 I dia i thi! beha/4% a !$heme 0ith -e!pe$t to !1$h $ompa y p-o5idi 3 4o- a y o e o- mo-e o4 the 4o//o0i 3 mea!1-e!% ame/y=+ "a# the 4i a $ia/ -e$o !t-1$tio o4 !1$h i d1!t-ia/ $ompa y 2 "b# the p-ope- ma a3eme t o4 !1$h i d1!t-ia/ $ompa y by $ha 3e i % o- taAe o5e- o4% the ma a3eme t o4 !1$h i d1!t-ia/ $ompa y 2 "$# the ama/3amatio o4 + "i# !1$h i d1!t-ia/ $ompa y 0ith a y othe- $ompa y 2 o- Pa3e &83 o4 33:
"ii# a y othe- $ompa y 0ith !1oh i d1!t-ia/ $ompa y "he-ea4te- i thi! !e$tio % i the $a!e o4 !1b+$/a1!e "i#% the othe$ompa y% a d i the $a!e o4 !1b+$/a1!e "ii#% !1$h i d1!t-ia/ $ompa y% -e4e--ed to a! .t-a !4e-ee+ $ompa y.# 2 "d# the !a/e o- /ea!e o4 a pa-t o- 0ho/e o4 a y i d1!t-ia/ 1 de-taAi 3 o4 !1$h i d1!t-ia/ $ompa y 2 "e# the -atio a/i!atio o4 ma a3e-ia/ pe-!o e/% !1pe-5i!o-y !ta44 a d 0o-Ame i a$$o-da $e 0ith /a0 2 "4# !1$h othe- p-e5e ti5e ame/io-ati5e a d -emedia/ mea!1-e! a! may be app-op-iate 2 "3# -epayme t o4 debt 2 "h# !1$h i $ide ta/% $o !e91e tia/ o- !1pp/eme ta/ mea!1-e! a! may be e$e!!a-y o- e,pedie t i $o e$tio 0ith o4o- the p1-po!e! o4 the mea!1-e! !pe$i4ied i $/a1!e! "a# to "3# = P-o5ided that the T-ib1 a/ may e,te d the !aid pe-iod o4 !i,ty day! to i ety day! 4o- -ea!o ! to be -e$o-ded i 0-iti 3 4o- !1$h e,te !io . ":# The !$heme -e4e--ed to i !1b+!e$tio "&# may p-o5ide 4o- a y o e o- mo-e o4 the 4o//o0i 3% ame/y = + "a# the $o !tit1tio % ame a d -e3i!te-ed o44i$e% the $apita/% a!!et!% po0e-!% -i3ht!% i te-e!t!% a1tho-itie! a d p-i5i/e3e!% d1tie! a d ob/i3atio ! o4 the !i$A i d1!t-ia/ $ompa y o-% a! the $a!e may be% o4 the t-a !4e-ee+$ompa y 2
"b# the t-a !4e- to the t-a !4e-ee+$ompa y o4 the b1!i e!!% p-ope-tie!% a!!et! a d /iabi/itie! o4 the !i$A i d1!t-ia/ $ompa y o !1$h te-m! a d $o ditio ! a! may be !pe$i4ied i the !$heme 2 "$# a y $ha 3e i the Boa-d o4 di-e$to-!% o- the appoi tme t o4 a e0 Boa-d o4 di-e$to-!% o4 the !i$A i d1!t-ia/ $ompa y a d the a1tho-ity by 0hom% the ma e- i 0hi$h a d the othe- te-m! a d $o ditio ! o 0hi$h% !1$h $ha 3e oappoi tme t !ha// be made a d i the $a!e o4 appoi tme t o4 a e0 Boa-d o4 di-e$to-! o- o4 a y di-e$to-% the pe-iod 4o- 0hi$h !1$h appoi tme t !ha// be made 2 "d# the a/te-atio o4 the memo-a d1m o- a-ti$/e! o4 a!!o$iatio o4 the !i$A i d1!t-ia/ $ompa y o-% a! the $a!e may be% o4 the t-a !4e-ee+$ompa y 4o- the p1-po!e o4 a/te-i 3 the $apita/ !t-1$t1-e the-eo4% o- 4o- !1$h othep1-po!e! a! may be e$e!!a-y to 3i5e e44e$t to the -e$o !t-1$tio oama/3amatio 2 "e# the $o ti 1atio by o- a3ai !t the !i$A i d1!t-ia/ $ompa y o-% a! the $a!e may be% the t-a !4e-ee+ $ompa y o4 a y a$tio o- othe- /e3a/ p-o$eedi 3 pe di 3 a3ai !t the !i$A i d1!t-ia/ $ompa y immediate/y be4o-e the date o4 the o-demade 1 de- !1b+!e$tio "3# o4 !e$tio <:<C 2
"4# the -ed1$tio o4 the i te-e!t o- -i3ht! 0hi$h the !ha-eho/de-! ha5e i the !i$A i d1!t-ia/ $ompa y to !1$h e,te t a! the T-ib1 a/ $o !ide-! e$e!!a-y i the i te-e!t! o4 the -e$o !t-1$tio % -e5i5a/ o- -ehabi/itatio o- -epayme t o4 debt! o4 !1$h !i$A i d1!t-ia/ $ompa y o- 4o- the mai te a $e o4 the b1!i e!! o4 !1$h i d1!t-ia/ $ompa y 2 "3# the a//otme t to the !ha-eho/de-! o4 the !i$A i d1!t-ia/ $ompa y% o4 !ha-e! i !1$h $ompa y o-% a! the $a!e may be% i the t-a !4e-ee+$ompa y a d 0he-e a y !ha-eho/de- $/aim! payme t i $a!h a d ot a//otme t o4 !ha-e!% o0he-e it i! ot po!!ib/e to a//ot !ha-e! to a y !ha-eho/de-% the payme t o4 $a!h to tho!e !ha-eho/de-! i 41// !ati!4a$tio o4 thei- $/aim! + "i# i -e!pe$t o4 thei- i te-e!t i !ha-e! i the !i$A i d1!t-ia/ $ompa y be4o-e it! -e$o !t-1$tio oama/3amatio 2 o"ii# 0he-e !1$h i te-e!t ha! bee -ed1$ed 1 de$/a1!e "4# i -e!pe$t o4 thei- i te-e!t i !ha-e! a! !o -ed1$ed 2 "h# a y othe- te-m! a d $o ditio ! 4o- the -e$o !t-1$tio o- ama/3amatio o4 the !i$A i d1!t-ia/ $ompa y 2 "i# !a/e o4 the i d1!t-ia/ 1 de-taAi 3 o4 the !i$A i d1!t-ia/ $ompa y 4-ee 4-om a// e $1mb-a $e! a d a// /iabi/itie! o4 the
$ompa y o- othe- !1$h e $1mb-a $e! a d /iabi/itie! a! may be !pe$i4ied% to a y pe-!o % i $/1di 3 a $o+ ope-ati5e !o$iety 4o-med by the emp/oyee! o4 !1$h 1 de-taAi 3 a d 4i,i 3 o4 -e!e-5e p-i$e 4o- !1$h !a/e 2 ";# /ea!e o4 the i d1!t-ia/ 1 de-taAi 3 o4 the !i$A i d1!t-ia/ $ompa y to a y pe-!o % i $/1di 3 a $o+ ope-ati5e !o$iety 4o-med by the emp/oyee! o4 !1$h% 1 de-taAi 3 2 "A# method o4 !a/e o4 a!!et! o4 the i d1!t-ia/ 1 de-taAi 3 o4 the !i$A i d1!t-ia/ $ompa y !1$h a! by p1b/i$ a1$tio o- by i 5iti 3 te de-! o- i a y othema e- a! may be !pe$i4ied a d 4o- the ma e- o4 p1b/i$ity the-e4o- 2 "/# i!!1e o4 the !ha-e! i the !i$A i d1!t-ia/ $ompa y at the 4a$e 5a/1e o- at the i t-i !i$ 5a/1e 0hi$h may be at di!$o1 t 5a/1e o- !1$h othe- 5a/1e a! may be !pe$i4ied to a y i d1!t-ia/ $ompa y o- a y pe-!o i $/1di 3 the e,e$1ti5e! a d emp/oyee! o4 !1$h !i$A i d1!t-ia/ $ompa y 2 "m# !1$h i $ide ta/% $o !e91e tia/ a d !1pp/eme ta/ matte-! a! may be e$e!!a-y to !e$1-e that the -e$o !t-1$tio o- ama/3amatio o- othe- mea!1-e! me tio ed i the !$heme a-e 41//y a d e44e$ti5e/y $a--ied o1t. "3#"a# The !$heme p-epa-ed by the ope-ati 3 a3e $y !ha// be e,ami ed by the T-ib1 a/ a d a $opy o4 the !$heme
0ith modi4i$atio % i4 a y% made by the T-ib1 a/ !ha// be !e t% i d-a4t% to the !i$A i d1!t-ia/ $ompa y a d the ope-ati 3 a3e $y a d i the $a!e o4 ama/3amatio % a/!o to a y othe- $ompa y $o $e- ed% a d the T-ib1 a/ may p1b/i!h o$a1!e to be p1b/i!hed the d-a4t !$heme i b-ie4 i !1$h dai/y e0!pape-! a! the T-ib1 a/ may $o !idee$e!!a-y% 4o!133e!tio ! a d ob;e$tio !% i4 a y% 0ithi !1$h pe-iod a! the T-ib1 a/ may !pe$i4y. "b# The $omp/ete d-a4t !$heme !ha// be Aept at the p/a$e 0he-e -e3i!te-ed o44i$e o4 the $ompa y i! !it1ated o- at !1$h p/a$e! a! me tio ed i the ad5e-ti!eme t. "$# The T-ib1 a/ may maAe !1$h modi4i$atio !% i4 a y% i the d-a4t !$heme a! it may $o !ide- e$e!!a-y i the 4i3ht o4 the !133e!tio ! a d ob;e$tio ! -e$ei5ed 4-om the !i$A i d1!t-ia/ $ompa y a d the ope-ati 3 a3e $y a d a/!o 4-om the t-a !4e-ee+$ompa y a d a y othe- $ompa y $o $e- ed i the ama/3amatio a d 4-om a y !ha-eho/de- o- a y $-edito-! o- emp/oyee! o4 !1$h $ompa ie! = P-o5ided that 0he-e the !$heme -e/ate! to ama/3amatio % the !aid !$heme !ha// be /aid be4o-e the $ompa y othetha the !i$A i d1!t-ia/ $ompa y i the 3e e-a/ meeti 3 4o- the app-o5a/ o4 the !$heme by it! !ha-eho/de-! a d o
!1$h !$heme !ha// be p-o$eeded 0ith 1 /e!! it ha! bee app-o5ed% 0ith o- 0itho1t modi4i$atio % by a !pe$ia/ -e!o/1tio pa!!ed by the !ha-eho/de-! o4 the t-a !4e-ee+$ompa y. "<# The !$heme may the-ea4te- be !a $tio ed% 0ithi !i,ty day! by the T-ib1 a/ "he-ei a4te- -e4e--ed to a! the !a $tio ed !$heme# a d !ha// $ome i to 4o-$e o !1$h date a! the T-ib1 a/ may !pe$i4y i thi! beha/4 = P-o5ided [41-the-) that the T-ib1 a/ may e,te d the !aid pe-iod o4 !i,ty day! to i ety day! 4o- -ea!o ! to be -e$o-ded i 0-iti 3 4o- !1$h e,te !io = Pa3e &8< o4 33: P-o5ided a/!o that di44e-e t date! may be !pe$i4ied 4odi44e-e t p-o5i!io ! o4 the !$heme. "@# The T-ib1 a/ may% o the -e$omme datio ! o4 the ope-ati 3 a3e $y o- othe-0i!e% -e5ie0 a y !a $tio ed !$heme a d maAe !1$h modi4i$atio ! a! it may deem 4it omay by o-de- i 0-iti 3 di-e$t a y ope-ati 3 a3e $y !pe$i4ied i the o-de-% ha5i 3 -e3a-d to !1$h 31ide/i e! i $/1di 3 the 31ide/i e! 4-amed by the Re!e-5e Ba A o4 I dia i thi! beha/4 i o-de- to p-epa-e a 4-e!h !$heme p-o5idi 3 4o- !1$h mea!1-e! a! the ope-ati 3 a3e $y may $o !idee$e!!a-y.
"'# Whe a 4-e!h !$heme i! p-epa-ed 1 de- !1b+ !e$tio "@#% the p-o5i!io ! o4 !1b+!e$tio ! "3# a d "<# !ha// app/y i -e/atio the-eto a! they app/y to i -e/atio to a !$heme p-epa-ed 1 de- !1b+!e$tio "&#. "># Whe-e a !a $tio ed !$heme p-o5ide! 4o- the t-a !4e- o4 a y p-ope-ty o- /iabi/ity o4 the !i$A i d1!t-ia/ $ompa y i 4a5o1- o4 a y othe- $ompa y o- pe-!o o- 0he-e !1$h !$heme p-o5ide! 4o- the t-a !4e- o4 a y p-ope-ty o/iabi/ity o4 a y othe- $ompa y o- pe-!o i 4a5o1- o4 the !i$A i d1!t-ia/ $ompa y% the % by 5i-t1e o4% a d to the e,te t p-o5ided i % the !$heme% o a d 4-om the date o4 $omi 3 i to ope-atio o4 the !a $tio ed !$heme o- a y p-o5i!io the-eo4% the p-ope-ty !ha// be t-a !4e--ed to% a d 5e!t i % a d the /iabi/ity !ha// be$ome the /iabi/ity o4% !1$h othe$ompa y ope-!o o-% a! the $a!e may be% the !i$A i d1!t-ia/ $ompa y. "8# The !a $tio a$$o-ded by the T-ib1 a/ 1 de- !1b+ !e$tio "<# !ha// be $o $/1!i5e e5ide $e that a// the -e91i-eme t! o4 thi! !$heme -e/ati 3 to the -e$o !t-1$tio oama/3amatio % o- a y othe- mea!1-e !pe$i4ied the-ei ha5e bee $omp/ied 0ith a d a $opy o4 the !a $tio ed !$heme $e-ti4ied i 0-iti 3 by a o44i$e- o4 the T-ib1 a/ to be a t-1e $opy
the-eo4% !ha//% i a// /e3a/ p-o$eedi 3! "0hethe- i appea/ o- othe-0i!e#% be admitted a! e5ide $e. "9# A $opy o4 the !a $tio ed !$heme -e4e--ed to i !1b+!e$tio "8# !ha// be 4i/ed 0ith the Re3i!t-a- 0ithi the p-e!$-ibed time by the $ompa y i -e!pe$t o4 0hi$h !1$h !$heme -e/ate!. "&(# O a d 4-om the date o4 the $omi 3 i to ope-atio o4 the !a $tio ed !$heme o- a y p-o5i!io the-eo4% the !$heme o- !1$h p-o5i!io !ha// be bi di 3 o the !i$A i d1!t-ia/ $ompa y a d the t-a !4e-ee+$ompa y o-% a! the $a!e may be% the othe- $ompa y a d a/!o o the !ha-eho/de-!% $-edito-! a d 31a-a to-! a d emp/oyee! o4 the !aid $ompa ie!. "&&# The $-edito-! o4 a !i$A i d1!t-ia/ $ompa y may a/!o p-epa-e a !$heme 4o- -e5i5a/ o- -ehabi/itatio o4 !1$h !i$A i d1!t-ia/ $ompa y a d !1bmit the !ame to the T-ib1 a/ 4o- it! !a $tio = P-o5ided that o !$heme !ha// be !1bmitted by the $-edito-! to the T-ib1 a/ 1 /e!! !1$h !$heme ha! bee app-o5ed by at /ea!t th-ee 4o1-th i 5a/1e o4 $-edito-! o4 the !i$A i d1!t-ia/ $ompa y. "&:# A// the p-o5i!io ! -e/ati 3 to the p-epa-atio o4 !$heme by the ope-ati 3 a3e $y a d !a $tio o4 !1$h !$heme by the T-ib1 a/ !ha//% a! 4a- a! may be% app/y to the !$heme -e4e--ed to i !1b+!e$tio "&&#.
"&3# The !$heme -e4e--ed to i !1b+!e$tio "&&# i4 !a $tio ed by the T-ib1 a/ !ha// be bi di 3 o a// the $-edito-! a d o othe- $o $e- ed. "&<# I4 a y di44i$1/ty a-i!e! i 3i5i 3 e44e$t to the p-o5i!io ! o4 the !a $tio ed !$heme% the T-ib1 a/ may% o the -e$omme datio o4 the ope-ati 3 a3e $y o- othe-0i!e% by o-de-% do a ythi 3% ot i $o !i!te t 0ith !1$h p-o5i!io !% 0hi$h appea-! to it to be e$e!!a-y o- e,pedie t 4othe p1-po!e o4 -emo5i 3 the di44i$1/ty. "&@# The T-ib1 a/ may% i4 it deem! e$e!!a-y oe,pedie t !o to do% by o-de- i 0-iti 3% di-e$t a y ope-ati 3 a3e $y !pe$i4ied i the o-de- to imp/eme t a !a $tio ed !$heme 0ith !1$h te-m! a d $o ditio ! a d i -e/atio to the !i$A i d1!t-ia/ $ompa y a! may be !pe$i4ied i the o-de-. "&'# Whe-e the 0ho/e o4 the 1 de-taAi 3 o4 the !i$A i d1!t-ia/ $ompa y i! !o/d 1 de- a !a $tio ed !$heme% the T-ib1 a/ may di!t-ib1te the !a/e p-o $eed! to the pa-tie! e tit/ed the-eto i a$$o-da $e 0ith the p-o5i!io ! o4 !e$tio @:9A a d othe- p-o5i!io ! o4 thi! A$t. "&># The T-ib1 a/ may mo ito- pe-iodi$a//y the imp/eme tatio o4 the !a $tio ed !$heme. <:<E. RE8ABICITATION BG 7IFIN7 FINANCIAC ASSISTANCE
"&# Whe-e the !$heme -e/ate! to p-e5e ti5e% ame/io-ati5e% -emedia/ a d othe- mea!1-e! 0ith -e!pe$t to the !i$A i d1!t-ia/ $ompa y% the !$heme may p-o5ide 4o4i a $ia/ a!!i!ta $e by 0ay o4 /oa !% ad5a $e! o31a-a tee! o-e/ie4! o- $o $e!!io ! o- !a$-i4i$e! 4-om the Ce t-a/ 7o5e- me t% a State 7o5e- me t% a y !$hed1/ed ba A o- otheba A% a p1b/i$ 4i a $ia/ i !tit1tio o- State /e5e/ i !tit1tio o- a y i !tit1tio o- othe- a1tho-ity "a y 7o5e- me t% ba A% i !tit1tio o- othe- a1tho-ity -e91i-ed by a !$heme to p-o5ide 4o- !1$h 4i a $ia/ a!!i!ta $e bei 3 he-ea4te- i thi! !e$tio -e4e--ed to a! the pe-!o -e91i-ed by the !$heme to p-o5ide 4i a $ia/ a!!i!ta $e# to the !i$A i d1!t-ia/ $ompa y. ":# E5e-y !$heme -e4e--ed to i !1b+!e$tio "&# !ha// be $i-$1/ated to e5e-y pe-!o -e91i-ed by the !$heme to p-o5ide 4i a $ia/ a!!i!ta $e 4o- hi! $o !e t 0ithi a pe-iod o4 !i,ty day! 4-om the date o4 !1$h $i-$1/atio o- 0ithi !1$h 41-thepe-iod% ot e,$eedi 3 !i,ty day!% a! may be a//o0ed by the T-ib1 a/% a d i4 o $o !e t i! -e$ei5ed 0ithi !1$h pe-iod o- 41-thepe-iod% it !ha// be deemed that $o !e t ha! bee 3i5e .
"3# Whe-e i -e!pe$t o4 a y !$heme the $o !e t -e4e--ed to i !1b+!e$tio ":# i! 3i5e by e5e-y pe-!o -e91i-ed by the !$heme to p-o5ide 4i a $ia/ a!!i!ta $e% the T-ib1 a/ may% a! !oo a! may be% !a $tio the !$heme a d o a d 4-om the date o4 !1$h !a $tio the !$heme !ha// be bi di 3 o a// $o $e- ed. "<# O the !a $tio o4 the !$heme 1 de- !1b+!e$tio "3#% the 4i a $ia/ i !tit1tio ! a d the ba A! -e91i-ed to p-o5ide 4i a $ia/ a!!i!ta $e% !ha// de!i3 ate by m1t1a/ a3-eeme t a 4i a $ia/ i !tit1tio a d a ba A 4-om amo 3!t them!e/5e! 0hi$h !ha// be -e!po !ib/e to di!b1-!e 4i a $ia/ a!!i!ta $e by 0ay o4 /oa ! o- ad5a $e! o- 31a-a tee! o- -e/ie4! o$o $e!!io ! o- !a$-i4i$e! a3-eed to be p-o5ided o3-a ted 1 de- the !$heme o beha/4 o4 a// 4i a $ia/ i !tit1tio ! a d ba A! $o $e- ed. "@# The 4i a $ia/ i !tit1tio a d the ba A de!i3 ated 1 de- !1b+!e$tio "<# !ha// 4o-th0ith p-o$eed to -e/ea!e the 4i a $ia/ a!!i!ta $e to the !i$A i d1!t-ia/ $ompa y i 41/4i/me t o4 the -e91i-eme t i thi! -e3a-d. "'# Whe-e i -e!pe$t o4 a y !$heme $o !e t 1 de!1b+!e$tio ":# i! ot 3i5e by a y pe-!o -e91i-ed by the !$heme
to p-o5ide 4i a $ia/ a!!i!ta $e% the T-ib1 a/ may adopt !1$h othe- mea!1-e!% i $/1di 3 the 0i di 3 1p o4 the !i$A i d1!t-ia/ $ompa y% a! it may deem 4it. Pa3e &8@ o4 33: !1$h othe- mea!1-e! i $/1di 3 0i di 3 1p o4 the !i$A i d1!t-ia/ $ompa y% a! it may deem 4it. <:<F. ARRAN7EMENT FOR CONTINDIN7 OPERATIONS% ETC.% *DRIN7 INHDIRG "&# At a y time be4o-e $omp/etio o4 the i 91i-y 1 de!e$tio <:<B% the !i$A i d1!t-ia/ $ompa y o- the Ce t-a/ 7o5e- me t o- the Re!e-5e Ba A o4 I dia o- a State 7o5e- me t o- a p1b/i$ 4i a $ia/ i !tit1tio o- a State /e5e/ i !tit1tio o- a !$hed1/ed ba A o- a y othe- i !tit1tio % ba A o- a1tho-ity p-o5idi 3 o- i te di 3 to p-o5ide a y 4i a $ia/ a!!i!ta $e by 0ay o4 /oa ! o- ad5a $e! o- 31a-a tee! o- -e/ie4!% o- $o $e!!io ! to !1$h i d1!t-ia/ $ompa y may maAe a app/i$atio to the T-ib1 a/ + "a# a3-eei 3 to a a--a 3eme t 4o- $o ti 1i 3 the ope-atio ! o4 the !i$A i d1!t-ia/ $ompa y 2 o"b# !133e!ti 3 a !$heme 4o- the 4i a $ia/ -e$o !t-1$tio o4 the !i$A i d1!t-ia/ $ompa y. ":# The T-ib1 a/ may% 0ithi !i,ty day! o4 the -e$eipt o4 the app/i$atio 1 de- !1b+!e$tio "&#% pa!! !1$h o-de-! the-eo a! it may deem 4it.
<:<7. WIN*IN7 DP OF SIC6 IN*DSTRIAC COMPANG "&# Whe-e the T-ib1 a/% a4te- maAi 3 i 91i-y 1 de!e$tio <:<B a d a4te- $o !ide-atio o4 a// the -e/e5a t 4a$t! a d $i-$1m!ta $e! a d a4te- 3i5i 3 a oppo-t1 ity o4 bei 3 hea-d to a// $o $e- ed pa-tie!% i! o4 the opi io that the !i$A i d1!t-ia/ $ompa y i! ot /iAe/y to maAe it! et 0o-th e,$eed the a$$1m1/ated /o!!e! 0ithi a -ea!o ab/e time 0hi/e meeti 3 a// it! 4i a $ia/ ob/i3atio ! a d that the $ompa y a! a -e!1/t the-eo4 i! ot /iAe/y to be$ome 5iab/e i 41t1-e a d that it i! ;1!t a d e91itab/e that the $ompa y !ho1/d be 0o1 d 1p% it may -e$o-d it! 4i di 3! a d o-de- 0i di 3 1p o4 the $ompa y. ":# Fo- the p1-po!e o4 0i di 3 1p o4 the !i$A i d1!t-ia/ $ompa y% the T-ib1 a/ may appoi t a y o44i$e- o4 the ope-ati 3 a3e $y% i4 the ope-ati 3 a3e $y 3i5e! it! $o !e t% a! the /i91idato- o4 !1$h i d1!t-ia/ $ompa y a d the o44i$e- !o appoi ted !ha// 4o- the p1-po!e o4 the 0i di 3 1p o4 !1$h !i$A i d1!t-ia/ $ompa y% be deemed to be% a d ha5e a// the po0e-! o4% the o44i$ia/ /i91idato- 1 de- @ thi! A$t.
"3# Not0ith!ta di 3 a ythi 3 $o tai ed i !1b+!e$tio ":#% the T-ib1 a/ may $a1!e to be !o/d the a!!et! o4 the !i$A i d1!t-ia/ $ompa y i !1$h ma e- a! it may deem 4it a d pa!! o-de-! 4o- di!t-ib1tio i a$$o-da $e 0ith the p-o5i!io ! o4 !e$tio @:9A% a d othe- p-o5i!io ! o4 thi! A$t. "<# Witho1t p-e;1di$e to the othe- p-o5i!io ! $o tai ed i thi! A$t% the 0i di 3 1p o4 a $ompa y !ha//% a! 4aa! may be% $o $/1ded 0ithi o e yea- 4-om the date o4 the o-demade 1 de- !1b+!e$tio "&#. <:<8. OPERATIN7 A7ENCG TO PREPARE COMPCETE INFENTORG% ETC Whe-e 4o- the p-ope- di!$ha-3e o4 the 41 $tio ! o4 the T-ib1 a/ 1 dethi! Pa-t% the $i-$1m!ta $e! !o -e91i-e% the T-ib1 a/ may% th-o13h a y ope-ati 3 a3e $y% $a1!e to be p-epa-ed + "a# 0ith -e!pe$t to a $ompa y a $omp/ete i 5e to-y o4 + "i# a// a!!et! a d /iabi/itie! o4 0hate5e- at1-e 2 "ii# a// booA! o4 a$$o1 t% -e3i!te-!% map!% p/a !% -e$o-d!% do$1me t! o4 tit/e o- o0 e-!hip o4 p-ope-ty a d a// othedo$1me t! o4 0hate5e- at1-e -e/ati 3 the-eto 2 "b# a /i!t o4 !ha-eho/de-! a d a /i!t o4 $-edito-! !ho0i 3 !epa-ate/y i the /i!t o4 $-edito-!% the !e$1-ed $-edito-! a d 1 !e$1-ed $-edito-!2
"$# a 5a/1atio -epo-t i -e!pe$t o4 the !ha-e! a d a!!et! i o-de- to a--i5e at the -e!e-5e p-i$e 4o- the !a/e o4 a pa-t o0ho/e o4 the i d1!t-ia/ 1 de-taAi 3 o4 the $ompa y o4o- 4i,atio o4 the /ea!e -e t o- !ha-e e,$ha 3e -atio 2 "d# a e!timate o4 -e!e-5e p-i$e% /ea!e -e t o- !ha-e e,$ha 3e -atio 2 "e# p-o4o-ma a$$o1 t!% 0he-e o 1p+to+date a1dited a$$o1 t! a-e a5ai/ab/e. <:<+I. *IRECTION NOT TO *ISPOSE OF ASSETS The T-ib1 a/ may% i4 it i! o4 opi io % that a y di-e$tio i! e$e!!a-y i the i te-e!t o4 the !i$A i d1!t-ia/ $ompa y o$-edito-! o- !ha-eho/de-! o- i the p1b/i$ i te-e!t% by o-de-% di-e$t !1$h $ompa y ot to di!po!e o4% e,$ept 0ith the p-ioapp-o5a/ o4 the T-ib1 a/% a y o4 it! a!!et! d1-i 3 the pe-iod o4 i 91i-y 1 de- !e$tio <:<B o- d1-i 3 the pe-iod o4 p-epa-atio o- $o !ide-atio o4 the !$heme 1 de!e$tio <:<C. <:<I. POWER OF TRIBDNAC TO CACC FOR PERIO*IC INFORMATION O -e$eipt o4 -e4e-e $e 1 de- !e$tio <:<A% the T-ib1 a/ may $a// 4o- a y pe-iodi$ i 4o-matio 4-om the $ompa y a! to the !tep! taAe by the $ompa y to maAe it! et 0o-th e,$eed the a$$1m1/ated /o!!e! o- to maAe -epayme t o4 it!
debt! -e4e--ed to i that !e$tio % a! the $a!e may be% a d the $ompa y !ha// 41- i!h !1$h i 4o-matio . <:<6. MISFEASANCE PROCEE*IN7S "&# I4% i the $o1-!e o4 !$-1ti y o- imp/eme tatio o4 a y !$heme o- p-opo!a/% it appea-! to the T-ib1 a/ that a y pe-!o 0ho ha! taAe pa-t i the p-omotio % 4o-matio oma a3eme t o4 the !i$A i d1!t-ia/ $ompa y o- it! 1 de-taAi 3% i $/1di 3 a y pa!t o- p-e!e t di-e$to-% ma a3e- oo44i$e- o- emp/oyee o4 the !i$A i d1!t-ia/ $ompa y + "a# ha! mi!app/ied o- -etai ed% o- be$ome /iab/e oa$$o1 tab/e 4o-% a y mo ey o- p-ope-ty o4 the !i$A i d1!t-ia/ $ompa y 2 o"b# ha! bee 31i/ty o4 a y mi!4ea!a $e% ma/4ea!a $e o- o +4ea!a $e o4 b-ea$h o4 t-1!t i -e/atio to the !i$A i d1!t-ia/ $ompa y% the T-ib1 a/ may% by o-de-% di-e$t him to -epay o-e!to-e the mo ey o- p-ope-ty o- a y pa-t the-eo4% 0ith o- 0itho1t i te-e!t% a! it thi A! ;1!t% o- to $o t-ib1te !1$h !1m to the a!!et! o4 the !i$A i d1!t-ia/ $ompa y o- the othepe-!o % e tit/ed the-eto by 0ay o4 $ompe !atio i -e!pe$t o4 the mi!app/i$atio % -etai e-% mi!4ea!a $e o- b-ea$h o4 t-1!t a! Pa3e &8' o4 33:
the T-ib1 a/ thi A! ;1!t% a d a/!o -epo-t the matte- to the Ce t-a/ 7o5e- me t 4o- a y othe- a$tio 0hi$h that 7o5e- me t may deem 4it. ":# I4 the T-ib1 a/ i! !ati!4ied o the ba!i! o4 the i 4o-matio a d e5ide $e i it! po!!e!!io 0ith -e!pe$t to a y pe-!o 0ho i! o- 0a! a di-e$to- o- a o44i$e- o- otheemp/oyee o4 the !i$A i d1!t-ia/ $ompa y% that !1$h pe-!o by him!e/4 oa/o 3 0ith othe-! had di5e-ted the 41 d! o- othep-ope-ty o4 !1$h $ompa y 4o- a y p1-po!e othetha a bo a 4ide p1-po!e o4 the $ompa y o- had ma a3ed the a44ai-! o4 the $ompa y i a ma e- hi3h/y det-ime ta/ to the i te-e!t! o4 the $ompa y% the T-ib1 a/ !ha// by o-de-% di-e$t the p1b/i$ 4i a $ia/ i !tit1tio !% !$hed1/ed ba A! a d State /e5e/ i !tit1tio ! ot to p-o5ide% d1-i 3 a pe-iod o4te yea-! 4-om the date o4 the o-de-% a y 4i a $ia/ a!!i!ta $e to !1$h pe-!o o- a y 4i-m o4 0hi$h !1$h pe-!o i! a pa-t e- oa y $ompa y o- othebody $o-po-ate o4 0hi$h !1$h pe-!o i! a di-e$to- "by 0hate5e- ame $a//ed#. "3# No o-de!ha// be made by the T-ib1 a/ 1 dethi! !e$tio a3ai !t a y pe-!o 1 /e!! !1$h pe-!o ha! bee 3i5e a oppo-t1 ity 4o- maAi 3 hi! !1bmi!!io !.
"<# Thi! !e$tio !ha// app/y ot0ith!ta di 3 that the matte- i! p e 4o- 0hi$h the pe-!o may be $-imi a//y /iab/e. <:<C. PENACTG FOR CERTAIN OFFENCES "&# Whoe5e- 5io/ate! p-o5i!io ! o4 thi! Pa-t o- a y !$heme% o- a y o-de-% o4 the T-ib1 a/ o- the Appe//ate T-ib1 a/ omaAe! a 4a/!e !tateme t o- 3i5e! 4a/!e e5ide $e to the T-ib1 a/ o- the Appe//ate T-ib1 a/% a d attempt! to tampe- the -e$o-d! o4 -e4e-e $e o- appea/ 4i/ed 1 dethi! A$t% !ha// be p1 i!hab/e 0ith !imp/e imp-i!o me t 4o- a te-m 0hi$h may e,te d to th-ee yea-! o- !ha// be /iab/e to 4i e ot e,$eedi 3 te /aAh! -1pee!. ":# No $o1-t !ha// taAe $o3 i!a $e o4 a y o44e $e 1 de- !1b+!e$tio "&# e,$ept o a $omp/ai t i 0-iti 3 o4 a o44i$e- o4 the T-ib1 a/ o- the Appe//ate T-ib1 a/ o- a y o44i$e- o4 the Ce t-a/ 7o5e- me t a1tho-i!ed by it o- a y o44i$eo4 a ope-ati 3 a3e $y a! may be a1tho-i!ed i thi! beha/4 by the T-ib1 a/ o- the Appe//ate T-ib1 a/% a! the $a!e may be.)
PART FII = WIN*IN7 DP
C8APTER I = PRECIMINARG <:@. MO*ES OF WIN*IN7 DP "&# The 0i di 3 1p o4 a $ompa y may be eithe-% + "a# by the & [T-ib1 a/) 2 o"b# 5o/1 ta-y 2 : [BBB) "$# 3 [BBB ) ":# The p-o5i!io ! o4 thi! A$t 0ith -e!pe$t to 0i di 3 1p app/y% 1 /e!! the $o t-a-y appea-!% to the 0i di 3 1p o4 a $ompa y i a y o4 tho!e mode!. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# :. Wo-d Eo-? omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# 3. Wo-d! .!1b;e$t to !1pe-5i!io o4 the $o1-t. omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# Co t-ib1to-ie! <:'. CIABICITG AS CONTRIBDTORIES PRESENT AN* PAST MEMBERS OF
"&# I the e5e t o4 a $ompa y bei 3 0o1 d 1p% e5e-y p-e!e t a d pa!t membe- !ha// be /iab/e to $o t-ib1te to the a!!et! o4 the $ompa y to a amo1 t !144i$ie t 4opayme t o4 it! debt! a d /iabi/itie! a d the $o!t!% $ha-3e! a d e,pe !e! o4 the 0i di 3 1p% a d 4o- the ad;1!tme t o4 the -i3ht! o4 the $o t-ib1to-ie! amo 3 them!e/5e!% !1b;e$t to the p-o5i!io ! o4 !e$tio <:> a d !1b;e$t a/!o to the 4o//o0i 3 91a/i4i$atio !% ame/y = + "a# a pa!t membe- !ha// ot be /iab/e to $o t-ib1te i4 he ha! $ea!ed to be a membe- 4o- o e yea- o- 1p0a-d! be4o-e the $omme $eme t o4 the 0i di 3 1p 2 "b# a pa!t membe- !ha// ot be /iab/e to $o t-ib1te i -e!pe$t o4 a y debt o- /iabi/ity o4 the $ompa y $o t-a$ted a4te- he $ea!ed to be a membe- 2 "$# o pa!t membe- !ha// be /iab/e to $o t-ib1te 1 /e!! it appea-! to the & [T-ib1 a/) that the p-e!e t membe-! a-e 1 ab/e to !ati!4y the $o t-ib1tio ! -e91i-ed to be made by them i p1-!1a $e o4 thi! A$t 2 "d# i the $a!e o4 a $ompa y /imited by !ha-e!% o $o t-ib1tio !ha// be -e91i-ed 4-om a y pa!t o- p-e!e t membee,$eedi 3 the amo1 t% i4 a y% 1 paid o the !ha-e! i -e!pe$t o4 0hi$h he i! /iab/e a! !1$h membe- 2
"e# i the $a!e o4 a $ompa y /imited by 31a-a tee% o $o t-ib1tio !ha//% !1b;e$t to the p-o5i!io ! o4 !1b+ !e$tio ":#% be -e91i-ed 4-om a y pa!t o- p-e!e t membe- e,$eedi 3 the amo1 t 1 de-taAe to be $o t-ib1ted by him to the a!!et! o4 the $ompa y i the e5e t o4 it! bei 3 0o1 d 1p 2 "4# othi 3 i thi! A$t !ha// i 5a/idate a y p-o5i!io $o tai ed i a y po/i$y o4 i !1-a $e o- othe- $o t-a$t 0he-eby the /iabi/ity o4 i di5id1a/ membe-! o the po/i$y o- $o t-a$t i! -e!t-i$ted% o- 0he-eby the 41 d! o4 the $ompa y a-e a/o e made /iab/e i -e!pe$t o4 the po/i$y o- $o t-a$t 2 "3# a !1m d1e to a y pa!t o- p-e!e t membe- o4 the $ompa y i hi! $ha-a$te- a! !1$h% by 0ay o4 di5ide d!% p-o4it! oothe-0i!e% !ha// ot be deemed to be a debt o4 the $ompa y payab/e to that membe-% i a $a!e o4 $ompetitio Pa3e &8> o4 33: bet0ee him!e/4 a d a y $-edito- $/aimi 3 othe-0i!e tha i the $ha-a$te- o4 a pa!t o- p-e!e t membe- o4 the $ompa y2 b1t a y !1$h !1m !ha// be taAe i to a$$o1 t 4o- the p1-po!e o4 the 4i a/ ad;1!tme t o4 the -i3ht! o4 the $o t-ib1to-ie! amo 3 them!e/5e!. ":# I the 0i di 3 1p o4 a $ompa y /imited by 31a-a tee 0hi$h ha! a !ha-e $apita/% e5e-y membe- o4 the $ompa y
!ha// be /iab/e% i additio to the amo1 t 1 de-taAe to be $o t-ib1ted by him to the a!!et! o4 the $ompa y i the e5e t o4 it! bei 3 0o1 d 1p% to $o t-ib1te to the e,te t o4 a y !1m! 1 paid o a y !ha-e! he/d by him a! i4 the $ompa y 0e-e a $ompa y /imited by !ha-e!. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <:>. OBCI7ATIONS OF *IRECTORS AN* MANA7ERS W8OSE CIABICITG IS DNCIMITE* I the 0i di 3 1p o4 a /imited $ompa y% a y di-e$to& [BBB) o- ma a3e-% 0hethe- pa!t o- p-e!e t% 0ho!e /iabi/ity i!% 1 de- the p-o5i!io ! o4 thi! A$t% 1 /imited% !ha//% i additio to hi! /iabi/ity% i4 a y% to $o t-ib1te a! a o-di a-y membe-% be /iab/e to maAe a 41-the- $o t-ib1tio a! i4 he 0e-e% at the $omme $eme t o4 the 0i di 3 1p% a membe- o4 a 1 /imited $ompa y = P-o5ided that + "a# a pa!t di-e$to& [BBB) o- ma a3e- !ha// ot be /iab/e to maAe !1$h 41-the- $o t-ib1tio % i4 he ha! $ea!ed to ho/d o44i$e 4o- a yea- o- 1p0a-d! be4o-e the $omme $eme t o4 the 0i di 3 1p 2
"b# a pa!t di-e$to& [BBB) o- ma a3e- !ha// ot be /iab/e to maAe !1$h 41-the- $o t-ib1tio i -e!pe$t o4 a y debt o/iabi/ity o4 the $ompa y $o t-a$ted a4te- he $ea!ed to ho/d o44i$e 2 "$# !1b;e$t to the a-ti$/e! o4 the $ompa y% a di-e$to& [BBB) o- ma a3e- !ha// ot be /iab/e to maAe !1$h 41-the$o t-ib1tio % 1 /e!! the : [T-ib1 a/) deem! it e$e!!a-y to -e91i-e the $o t-ib1tio i o-de- to !ati!4y the debt! a d /iabi/itie! o4 the $ompa y% a d the $o!t!% $ha-3e! a d e,pe !e! o4 the 0i di 3 1p. &. Wo-d! .% ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. :. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <:8. *EFINITION OF .CONTRIBDTORG. The te-m .$o t-ib1to-y. mea ! e5e-y pe-!o /iab/e to $o t-ib1te to the a!!et! o4 a $ompa y i the e5e t o4 it! bei 3 0o1 d 1p% a d i $/1de! the ho/de- o4 a y !ha-e! 0hi$h a-e 41//y paid+1p 2 a d 4o- the p1-po!e! o4 a// p-o$eedi 3! 4o-
dete-mi i 3% a d a// p-o$eedi 3! p-io- to the 4i a/ dete-mi atio o4% the pe-!o ! 0ho a-e to be deemed $o t-ib1to-ie!% i $/1de! a y pe-!o a//e3ed to be a $o t-ib1to-y. <:9. NATDRE OF CIABICITG OF CONTRIBDTORG "&# The /iabi/ity o4 a $o t-ib1to-y !ha// $-eate a debt a$$-1i 3 d1e 4-om him at the time 0he hi! /iabi/ity $omme $ed% b1t payab/e at the time! !pe$i4ied i $a//! made o him 4o- e 4o-$i 3 the /iabi/ity. ":# No $/aim 4o1 ded o the /iabi/ity o4 a $o t-ib1to-y !ha// be $o3 i!ab/e by a y Co1-t o4 Sma// Ca1!e! !itti 3 o1t!ide the p-e!ide $y to0 !. <3(. CONTRIBDTORIES IN CASE OF *EAT8 OF MEMBER "&# I4 a $o t-ib1to-y die! eithe- be4o-e o- a4te- he ha! bee p/a$ed o the /i!t o4 $o t-ib1to-ie!% hi! /e3a/ -ep-e!e tati5e! !ha// be /iab/e i a d1e $o1-!e o4 admi i!t-atio % to $o t-ib1te to the a!!et! o4 the $ompa y i di!$ha-3e o4 hi! /iabi/ity% a d !ha// be $o t-ib1to-ie! a$$o-di 3/y. ":# I4 the /e3a/ -ep-e!e tati5e! maAe de4a1/t i payi 3 a y mo ey o-de-ed to be paid by them% p-o$eedi 3! may be taAe 4o- admi i!te-i 3 the e!tate o4 the de$ea!ed $o t-ib1to-y a d $ompe//i 3 payme t the-eo1t o4 the mo ey d1e.
"3# Fo- the p1-po!e! o4 thi! !e$tio % 0he-e the de$ea!ed $o t-ib1to-y 0a! a membe- o4 a 8i d1 ;oi t 4ami/y 3o5e- ed by the MitaA!ha-a S$hoo/ o4 8i d1 Ca0% hi! /e3a/ -ep-e!e tati5e! !ha// be deemed to i $/1de the !1-5i5i 3 $opa-$e e-!. <3&. CONTRIBDTORIES IN CASE OF INSOCFENCG OF MEMBER I4 a $o t-ib1to-y i! ad;1d3ed i !o/5e t% eithe- be4o-e oa4te- he ha! bee p/a$ed o the /i!t o4 $o t-ib1to-ie!% + "a# hi! a!!i3 ee! i i !o/5e $y !ha// -ep-e!e t him 4oa// the p1-po!e! o4 the 0i di 3 1p% a d !ha// be $o t-ib1to-ie! a$$o-di 3/y% a d may be $a//ed o to admit to p-oo4 a3ai !t the e!tate o4 the i !o/5e t% o- othe-0i!e to a//o0 to be paid o1t o4 hi! a!!et! i d1e $o1-!e o4 /a0% a y mo ey d1e 4-om the i !o/5e t i -e!pe$t o4 hi! /iabi/ity to $o t-ib1te to the a!!et! o4 the $ompa y 2 a d "b# the-e may be p-o5ed a3ai !t the e!tate o4 the i !o/5e t the e!timated 5a/1e o4 hi! /iabi/ity to 41t1-e $a//! a! 0e// a! $a//! a/-eady made. <3:. CONTRIBDTORIES IN CASE OF WIN*IN7 DP OF A BO*G CORPORATE W8IC8 IS A MEMBER
I4 a body $o-po-ate 0hi$h i! a $o t-ib1to-y i! o-de-ed to be 0o1 d 1p% eithe- be4o-e o- a4te- it ha! bee p/a$ed o the /i!t o4 $o t-ib1to-ie!% + "a# the /i91idato- o4 the body $o-po-ate !ha// -ep-e!e t it 4o- a// the p1-po!e! o4 the 0i di 3 1p o4 the $ompa y a d !ha// be a $o t-ib1to-y a$$o-di 3/y% a d may be $a//ed o to admit to p-oo4 a3ai !t the a!!et! o4 the body $o-po-ate% oothe-0i!e to a//o0 to be paid o1t o4 it! a!!et! i d1e $o1-!e o4 /a0% a y mo ey d1e 4-om the body $o-po-ate i -e!pe$t o4 it! /iabi/ity to $o t-ib1te to the a!!et! o4 the $ompa y 2 a d Pa3e &88 o4 33: "b# the-e may be p-o5ed a3ai !t the a!!et! o4 the body $o-po-ate the e!timated 5a/1e o4 it! /iabi/ity to 41t1-e $a//! a! 0e// a! $a//! a/-eady made. C8APTER II= WIN*IN7 DP BG T8E & [TRIBDNAC) Ca!e! i 0hi$h $ompa y may be 0o1 d 1p by the & [T-ib1 a/) : [<33. CIRCDMSTANCES IN W8IC8 COMPANG MAG BE WODN* DP BG TRIBDNAC
A $ompa y may be 0o1 d 1p by the T-ib1 a/% + "a# i4 the $ompa y ha!% by !pe$ia/ -e!o/1tio % -e!o/5ed that the $ompa y be 0o1 d 1p by the T-ib1 a/ 2 "b# i4 de4a1/t i! made i de/i5e-i 3 the !tat1to-y -epo-t to the Re3i!t-a- o- i ho/di 3 the !tat1to-y meeti 3 2 "$# i4 the $ompa y doe! ot $omme $e it! b1!i e!! 0ithi a yea- 4-om it! i $o-po-atio % o- !1!pe d! it! b1!i e!! 4o- a 0ho/e yea- 2 "d# i4 the 1mbe- o4 membe-! i! -ed1$ed% i the $a!e o4 a p1b/i$ $ompa y% be/o0 !e5e % a d i the $a!e o4 a p-i5ate $ompa y% be/o0 t0o2 "e# i4 the $ompa y i! 1 ab/e to pay it! debt! 2 "4# i4 the T-ib1 a/ i! o4 opi io that it i! ;1!t a d e91itab/e that the $ompa y !ho1/d be 0o1 d 1p 2 "3# i4 the $ompa y ha! made a de4a1/t i 4i/i 3 0ith the Re3i!t-a- it! ba/a $e !heet a d p-o4it a d /o!! a$$o1 t oa 1a/ -et1- 4o- a y 4i5e $o !e$1ti5e 4i a $ia/ yea-! 2 "h# i4 the $ompa y ha! a$ted a3ai !t the i te-e!t! o4 the !o5e-ei3 ty a d i te3-ity o4 I dia% the !e$1-ity o4 the State% 4-ie d/y -e/atio ! 0ith 4o-ei3 State!% p1b/i$ o-de-% de$e $y o- mo-a/ity 2 "i# i4 the T-ib1 a/ i! o4 the opi io that the $ompa y !ho1/d be 0o1 d 1p 1 de- the $i-$1m!ta $e! !pe$i4ied i !e$tio <:<7 =
P-o5ided that the T-ib1 a/ !ha// maAe a o-de- 4o0i di 3 1p o4 a $ompa y 1 de- $/a1!e "h# o app/i$atio made by the Ce t-a/ 7o5e- me t o- a State 7o5e- me t.) &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# :. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to !1b!tit1tio % !e$tio <33 -ead a! 1 de- = .<33. Ci-$1m!ta $e! i 0hi$h $ompa y may be 0o1 d 1p by Co1-t. + A $ompa y may be 0o1 d by the Co1-t% + "a# i4 the $ompa y ha!% by !pe$ia/ -e!o/1tio % -e!o/5ed that the $ompa y be 0o1 d 1p by the Co1-t 2 "b# i4 de4a1/t i! made i de/i5e-i 3 the !tat1to-y -epo-t to the Re3i!t-a- o- i ho/di 3 the !tat1to-y meeti 3 2 "$# i4 the $ompa y doe! ot $omme $e it! b1!i e!! 0ithi a yea- 4-om it! i $o-po-atio % o- !1!pe d! it! b1!i e!! 4o- a 0ho/e yea- 2 "d# i4 the 1mbe- o4 membe-! i! -ed1$ed% i the $a!e o4 a p1b/i$ $ompa y% be/o0 !e5e % a d i the $a!e o4 a p-i5ate $ompa y% be/o0 t0o 2 "e# i4 the $ompa y i! 1 ab/e to pay it! debt! 2 "4# i4 the Co1-t i! o4 opi io that it i! ;1!t a d e91itab/e that the $ompa y !ho1/d be 0o1 d 1p.. <3<. COMPANG W8EN *EEME* DNABCE TO PAG ITS *EBTS
"&# A $ompa y !ha// be deemed to be 1 ab/e to pay it! debt! + "a# i4 a $-edito-% by a!!i3 me t o- othe-0i!e% to 0hom the $ompa y i! i debted i a !1m e,$eedi 3 & [o e /aAh) -1pee! the d1e% ha! !e-5ed o the $ompa y% by $a1!i 3 it to be de/i5e-ed at it! -e3i!te-ed o44i$e% by -e3i!te-ed po!t oothe-0i!e% a dema d 1 de- hi! ha d -e91i-i 3 the $ompa y to pay the !1m !o d1e a d the $ompa y ha! 4o- th-ee 0eeA! the-ea4te- e3/e$ted to pay the !1m% o- to !e$1-e o- $ompo1 d 4o- it to the -ea!o ab/e !ati!4a$tio o4 the $-edito- 2 "b# i4 e,e$1tio o- othe- p-o$e!! i!!1ed o a de$-ee oo-de- o4 a y Co1-t : [o- T-ib1 a/) i 4a5o1- o4 a $-edito- o4 the $ompa y i! -et1- ed 1 !ati!4ied i 0ho/e o- i pa-t 2 o"$# i4 it i! p-o5ed to the !ati!4a$tio o4 the 3 [T-ib1 a/) that the $ompa y i! 1 ab/e to pay it! debt!% a d% i dete-mi i 3 0hethe- a $ompa y i! 1 ab/e to pay it! debt!% the 3 [T-ib1 a/) !ha// taAe i to a$$o1 t the $o ti 3e t a d p-o!pe$ti5e /iabi/itie! o4 the $ompa y.
":# The dema d -e4e--ed to i $/a1!e "a# o4 !1b+!e$tio "&# !ha// be deemed to ha5e bee d1/y 3i5e 1 de- the ha d o4 the $-edito- i4 it i! !i3 ed by a y a3e t o- /e3a/ ad5i!ed1/y a1tho-i!ed o hi! beha/4% o- i the $a!e o4 a 4i-m% i4 it i! !i3 ed by a y !1$h a3e t o- /e3a/ ad5i!e- o- by a y membe- o4 the 4i-m. &. S1b!tit1ted 4o- .4i5e h1 d-ed. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# :. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# 3. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# & [BBB) <3@. TRANSFER OF WIN*IN7 DP PROCEE*IN7S TO *ISTRICT CODRT [Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# ) Pa3e &89 o4 33: &. 8eadi 3 ET-a !4e- o4 p-o$eedi 3!. omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#
<3'. WIT8*RAWAC AN* TRANSFER OF WIN*IN7 DP FROM ONE *ISTRICT CODRT TO ANOT8ER [Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# ) <3>. POWER OF 8I78 CODRT TO RETAIN WIN*IN7 DP PROCEE*IN7S IN *ISTRICT CODRT [Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# ) <38. IDRIS*ICTION OF 8I78 CODRT DN*ER SECTIONS <3@% <3' AN* <3> TO BE EKERCISE* AT ANG TIME AN* AT ANG STA7E [Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# ) Petitio 4o- 0i di 3 1p <39. PROFISIONS AS TO APPCICATIONS FOR WIN*IN7 DP "&# A app/i$atio to the & [T-ib1 a/) 4o- the 0i di 3 1p o4 a $ompa y !ha// be by petitio p-e!e ted% !1b;e$t to the p-o5i!io ! o4 thi! !e$tio % + "a# by the $ompa y 2 o"b# by a y $-edito- o- $-edito-!% i $/1di 3 a y $o ti 3e t o- p-o!pe$ti5e $-edito- o- $-edito-! 2 o"$# by a y $o t-ib1to-y o- $o t-ib1to-ie! 2 o-
"d# by a// o- a y o4 the pa-tie! !pe$i4ied i $/a1!e! "a#% "b# a d "$#% 0hethe- to3ethe- o- !epa-ate/y 2 o"e# by the Re3i!t-a- 2 o"4# i a $a!e 4a//i 3 1 de- !e$tio :<3% by a y pe-!o a1tho-i!ed by the Ce t-a/ 7o5e- me t i that beha/4 2 o: ["3# I a $a!e 4a//i 3 1 de- $/a1!e "h# o4 !e$tio <33% by the Ce t-a/ 7o5e- me t o- a State 7o5e- me t.) ":# A !e$1-ed $-edito-% the ho/de- o4 a y debe t1-e! "i $/1di 3 debe t1-e !to$A#% 0hethe- o- ot a y t-1!tee ot-1!tee! ha5e bee appoi ted i -e!pe$t o4 !1$h a d othe- /iAe debe t1-e!% a d the t-1!tee 4o- the ho/de-! o4 debe t1-e!% !ha// be deemed to be $-edito-! 0ithi the mea i 3 o4 $/a1!e "b# o4 !1b+!e$tio "&#. "3# A $o t-ib1to-y !ha// be e tit/ed to p-e!e t a petitio 4o- 0i di 3 1p a $ompa y% ot0ith!ta di 3 that he may be the ho/de- o4 41//y paid+1p !ha-e!% o- that the $ompa y may ha5e o a!!et! at a//% o- may ha5e o !1-p/1! a!!et! /e4t 4odi!t-ib1tio amo 3 the !ha-eho/de-! a4te- the !ati!4a$tio o4 it! /iabi/itie!. "<# A $o t-ib1to-y !ha// ot be e tit/ed to p-e!e t a petitio 4o- 0i di 3 1p a $ompa y 1 /e!! + "a# eithe- the 1mbe- o4 membe-! i! -ed1$ed% i the $a!e o4 a p1b/i$ $ompa y% be/o0 !e5e % a d% i the $a!e o4 a p-i5ate $ompa y% be/o0 t0o 2 o-
"b# the !ha-e! i -e!pe$t o4 0hi$h he i! a $o t-ib1to-y% o- !ome o4 them% eithe- 0e-e o-i3i a//y a//otted to him o- ha5e bee he/d by him% a d -e3i!te-ed i hi! ame% 4o- at /ea!t !i, mo th! d1-i 3 the ei3htee mo th! immediate/y be4o-e the $omme $eme t o4 the 0i di 3 1p o- ha5e de5o/5ed o him th-o13h the death o4 a 4o-me- ho/de-. "@# E,$ept% i the $a!e 0he-e he i! a1tho-i!ed i p1-!1a $e o4 $/a1!e "4# o4 !1b+!e$tio "&#% the Re3i!t-a- !ha// be e tit/ed to p-e!e t a petitio 4o- 0i di 3 1p a $ompa y o /y o the 3-o1 d! !pe$i4ied i $/a1!e! "b#% "$#% "d#% "e# 3 ["4# a d "3#) o4 !e$tio <33 = P-o5ided that the Re3i!t-a- !ha// ot p-e!e t a petitio o the 3-o1 d !pe$i4ied i $/a1!e "e# a4o-e!aid% 1 /e!! it appea-! to him eithe- 4-om the 4i a $ia/ $o ditio o4 the $ompa y a! di!$/o!ed i it! ba/a $e !heet o- 4-om the -epo-t o4 a !pe$ia/ a1dito- appoi ted 1 de- !e$tio :33A oa i !pe$toappoi ted 1 de- !e$tio :3@ o- :3>% that the $ompa y i! 1 ab/e to pay it! debt! = P-o5ided 41-the- that the Re3i!t-a- !ha// obtai the p-e5io1! !a $tio o4 the Ce t-a/ 7o5e- me t to the p-e!e tatio o4 the petitio o a y o4 the 3-o1 d! a4o-e!aid.
"'# The Ce t-a/ 7o5e- me t !ha// ot a$$o-d it! !a $tio i p1-!1a $e o4 the 4o-e3oi 3 p-o5i!o% 1 /e!! the $ompa y ha! 4i-!t bee a44o-ded a oppo-t1 ity o4 maAi 3 it! -ep-e!e tatio !% i4 a y. "># A petitio 4o- 0i di 3 1p a $ompa y o the 3-o1 d !pe$i4ied i $/a1!e "b# o4 !e$tio <33 !ha// ot be p-e!e ted + "a# e,$ept by the Re3i!t-a- o- by a $o t-ib1to-y 2 o"b# be4o-e the e,pi-atio o4 4o1-tee day! a4te- the /a!t day o 0hi$h the !tat1to-y meeti 3 -e4e--ed to i $/a1!e "b# a4o-e!aid o13ht to ha5e bee he/d. "8# Be4o-e a petitio 4o- 0i di 3 1p a $ompa y p-e!e ted by a $o ti 3e t o- p-o!pe$ti5e $-edito- i! admitted% the /ea5e o4 the & [T-ib1 a/) !ha// be obtai ed 4o- the admi!!io o4 the petitio a d !1$h /ea5e !ha// ot be 3-a ted + "a# 1 /e!!% i the opi io o4 the & [T-ib1 a/)% the-e i! a p-ima 4a$ie $a!e 4o- 0i di 3 1p the $ompa y 2 a d "b# 1 ti/ !1$h !e$1-ity 4o- $o!t! ha! bee 3i5e a! the & [T-ib1 a/) thi A! -ea!o ab/e. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#
:. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# 3. S1b!tit1ted 4o- .a d "4#. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# & [<39A. STATEMENT OF AFFAIRS TO BE FICE* ON WIN*IN7 DP OF A COMPANG "&# E5e-y $ompa y !ha// 4i/e 0ith the T-ib1 a/ a !tateme t o4 it! a44ai-! a/o 3 0ith the petitio 4o0i di 3 1p. ":# Whe-e a $ompa y oppo!e! a petitio 4o- it! 0i di 3 1p% it !ha// 4i/e 0ith the T-ib1 a/ a !tateme t o4 it! a44ai-!. "3# The !tateme t o4 a44ai-! -e4e--ed to i !1b+!e$tio "&# o- !1b+!e$tio ":# !ha// be a$$ompa ied by + "a# the /a!t A o0 add-e!!e! o4 a// di-e$to-! a d $ompa y !e$-eta-y o4 !1$h $ompa y 2 Pa3e &9( o4 33: "b# the detai/! o4 /o$atio o4 a!!et! o4 the $ompa y a d thei- 5a/1e 2 "$# the detai/! o4 a// debto-! a d $-edito-! 0ith thei$omp/ete add-e!!e!2 "d# the detai/! o4 0o-Ame a d otheemp/oyee! a d a y amo1 t o1t!ta di 3 to them 2 "e# !1$h othe- detai/! a! the T-ib1 a/ may di-e$t.) &. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# &
[<<(. RI78T TO PRESENT WIN*IN7 DP PETITION W8ERE COMPANG IS BEIN7 WODN* DP FOCDNTARICG "&# Whe-e a $ompa y i! bei 3 0o1 d 1p 5o/1 ta-i/y% a petitio 4o- it! 0i di 3 1p by the T-ib1 a/ may be p-e!e ted by + "a# a y pe-!o a1tho-i!ed to do !o 1 de- !e$tio <39 2 o"b# the O44i$ia/ Ci91idato-. ":# The T-ib1 a/ !ha// ot maAe a 0i di 3 1p o-de- o a petitio p-e!e ted to it 1 de- !1b+!e$tio "&#% 1 /e!! it i! !ati!4ied that the 5o/1 ta-y 0i di 3 1p $a ot be $o ti 1ed 0ith d1e -e3a-d to the i te-e!t! o4 the $-edito-! o$o t-ib1to-ie! o- both.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# . P-io- to it! !1b!tit1tio % !e$tio <<( -ead a! 1 de- = & [<<&. COMMENCEMENT OF WIN*IN7 DP BG TRIBDNAC "&# Whe-e% be4o-e the p-e!e tatio o4 a petitio 4o- the 0i di 3 1p o4 a $ompa y by the T-ib1 a/% a -e!o/1tio ha! bee pa!!ed by the $ompa y 4o- 5o/1 ta-y 0i di 3 1p% the 0i di 3 1p o4 the $ompa y !ha// be deemed to ha5e
$omme $ed at the time o4 the pa!!i 3 o4 the -e!o/1tio % a d 1 /e!! the T-ib1 a/% o p-oo4 o4 4-a1d o- mi!taAe% thi A! 4it to di-e$t othe-0i!e% a// p-o$eedi 3! taAe i the 5o/1 ta-y 0i di 3 1p !ha// be deemed to ha5e bee 5a/id/y taAe . ":# I a y othe- $a!e% the 0i di 3 1p o4 a $ompa y by the T-ib1 a/ !ha// be deemed to $omme $e at the time o4 the p-e!e tatio o4 the petitio 4o- the 0i di 3 1p.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio !e$tio <<& -ead a! 1 de- = Comme $eme t o4 0i di 3 1p .<<&. Comme $eme t o4 0i di 3 1p by Co1-t. + "&# Whe-e% be4o-e the p-e!e tatio o4 a petitio 4o- the 0i di 3 1p o4 a $ompa y by the Co1-t% a -e!o/1tio ha! bee pa!!ed by the $ompa y 4o- 5o/1 ta-y 0i di 3 1p% the 0i di 3 1p o4 the $ompa y !ha// be deemed to ha5e $omme $ed at the time o4 the pa!!i 3 o4 the -e!o/1tio % a d 1 /e!! the Co1-t% o p-oo4 o4 4-a1d o- mi!taAe% thi A! 4it to di-e$t othe-0i!e% a// p-o$eedi 3! taAe i the 5o/1 ta-y 0i di 3 1p !ha// be deemed to ha5e bee 5a/id/y taAe . ":# I a y othe- $a!e% the 0i di 3 1p o4 a $ompa y by the Co1-t !ha// be deemed to $omme $e at the time o4
the p-e!e tatio o4 the petitio 4o- the 0i di 3 1p... & [Ce5y by 0ay o4 $e!! a d 4o-matio o4 Rehabi/itatio a d Re5i5a/ F1 d <<&A. CEFG AN* COCCECTION OF CESS ON TDRNOFER OR 7ROSS RECEIPTS OF COMPANIES "&# The-e !ha// be /e5ied a d $o//e$ted% 4o- the p1-po!e! o4 -ehabi/itatio o- -e5i5a/ o- p-ote$tio o4 a!!et! o4 the !i$A i d1!t-ia/ $ompa y% a /e5y by 0ay o4 $e!! at !1$h -ate ot /e!! tha (.((@ pe- $e t a d ot mo-e tha (.& pe$e t o the 5a/1e o4 a 1a/ t1- o5e- o4 e5e-y $ompa y o- it! a 1a/ 3-o!! -e$eipt% 0hi$he5e- i! mo-e a! the Ce t-a/ 7o5e- me t may% 4-om time to time% !pe$i4y by oti4i$atio i the O44i$ia/ 7aJette. ":# E5e-y $ompa y !ha// pay to the Ce t-a/ 7o5e- me t the $e!! -e4e--ed to i !1b+!e$tio "&# 0ithi th-ee mo th! 4-om the $/o!e o4 e5e-y 4i a $ia/ yea-. "3# E5e-y $ompa y !ha// 41- i!h% i !1$h 4o-m a! may be p-e!$-ibed% to the Ce t-a/ 7o5e- me t a d the T-ib1 a/ the detai/! o4 it! t1- o5e- a d 3-o!! -e$eipt! 0ith payme t o4 $e!! 1 de- !1b+!e$tio "&#. "<# The Ce t-a/ 7o5e- me t may% by -1/e! made i thi! beha/4% !pe$i4y the ma e- i 0hi$h the $e!! !ha// be paid 1 de- !1b+!e$tio ":#.
&. Se$tio ! <<&A to <<&7 i !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <<&B. CRE*ITIN7 PROCEE*S OF CESS TO CONSOCI*ATE* FDN* OF IN*IA The p-o$eed! o4 the $e!! /e5ied a d $o//e$ted 1 de!e$tio <<&A !ha// 4i-!t be $-edited to the Co !o/idated F1 d o4 I dia a d the Ce t-a/ 7o5e- me t may% i4 Pa-/iame t by app-op-iatio made by /a0 i thi! beha/4 !o p-o5ide!% pay to the T-ib1 a/% 4-om time to time% o1t o4 !1$h p-o$eed! "a4te- ded1$ti 3 the $o!t o4 $o//e$tio #% !1$h !1m! o4 mo ey a! it may thi A 4it 4o- bei 3 1ti/i!ed 4o- the p1-po!e! o4 the F1 d. <<&C. RE8ABICITATION FDN* "&# The-e !ha// be 4o-med 4o- the p1-po!e! o4 -ehabi/itatio o- -e5i5a/ o- p-ote$tio o4 a!!et! o4 a !i$A i d1!t-ia/ $ompa y% a F1 d to be $a//ed the Rehabi/itatio a d Re5i5a/ F1 d. ":# The-e !ha// be $-edited to the F1 d + "a# a// amo1 t! paid 1 de- !e$tio <<&B 2 "b# a y amo1 t 3i5e a! 3-a t! by the Ce t-a/ 7o5e- me t 4o- the p1-po!e! o4 thi! F1 d 2
"$# a y amo1 t 3i5e to the F1 d 4-om a y othe!o1-$e 2 Pa3e &9& o4 33: "d# a y i $ome 4-om i 5e!tme t o4 the amo1 t i the F1 d 2 "e# amo1 t -e41 ded by the $ompa y 1 de- !e$tio <<&7. <<&*. APPCICATION OF FDN* The F1 d !ha// be app/ied by the T-ib1 a/ 4o- the p1-po!e o4 + "a# maAi 3 i te-im payme t o4 0o-Ame ?! d1e! pe di 3 the -e5i5a/ o- -ehabi/itatio o4 the !i$A i d1!t-ia/ $ompa y 2 o"b# payme t o4 0o-Ame ?! d1e! d1e to the 0o-Ame % -e4e--ed to i !1b!e$tio "3# o4 !e$tio @:9% o4 the !i$A i d1!t-ia/ $ompa y 2 o"$# p-ote$tio o4 a!!et! o4 !i$A i d1!t-ia/ $ompa y 2 o"d# -e5i5a/ o- -ehabi/itatio o4 !i$A i d1!t-ia/ $ompa y 2 0hi$h i the opi io o4 the T-ib1 a/ a-e e$e!!a-y oe,pedie t 4o- the !aid p1-po!e!. <<&E. POWER TO CACC FOR INFORMATION The Ce t-a/ 7o5e- me t o- T-ib1 a/ may -e91i-e a y $ompa y to 41- i!h 4o- the p1-po!e! o4 -ehabi/itatio o-e5i5a/ op-ote$tio o4 a!!et! o4 !i$A i d1!t-ia/ $ompa ie!% !1$h !tati!ti$a/ a d othe- i 4o-matio i !1$h 4o-m a d 0ithi !1$h pe-iod a! may be p-e!$-ibed.
<<&F. PENACTG FOR NON+PAGMENT OF CESS "&# I4 a y $e!! payab/e by a $ompa y 1 de- !e$tio <<&A i! ot paid i a$$o-da $e 0ith the p-o5i!io ! o4 that !e$tio % it !ha// be deemed to be i a--ea-! a d the !ame !ha// be -e$o5e-ed by the T-ib1 a/ i !1$h ma e- a! may be p-e!$-ibed. ":# The T-ib1 a/ may% a4te- !1$h i 91i-y a! it deem! 4it% impo!e o the $ompa y% 0hi$h i! i a--ea-! 1 de!1b+!e$tio "&#% a pe a/ty ot e,$eedi 3 te time! the amo1 t i a--ea-! = P-o5ided that be4o-e impo!i 3 !1$h pe a/ty% !1$h $ompa y !ha// be 3i5e a -ea!o ab/e oppo-t1 ity o4 bei 3 hea-d% a d i4% a4te- !1$h hea-i 3% the T-ib1 a/ i! !ati!4ied that the de4a1/t 0a! 4o- a y 3ood a d !144i$ie t -ea!o % o pe a/ty !ha// be impo!ed 1 dethi! !1b+!e$tio . <<&7. REFDN* OF FDN* IN CERTAIN CASES "&# Whe-e the 41 d ha! bee app/ied by the T-ib1 a/ 4o- a y o4 the p1-po!e! !pe$i4ied i $/a1!e! "a# to "d# o4 !e$tio <<& *% !1$h amo1 t o4 41 d !ha// be -e$o5e-ed 4-om the $ompa y a4te- it! -e5i5a/ o- -ehabi/itatio o- o1t o4 !a/e
p-o$eed! o4 it! a!!et! a4te- di!$ha-3i 3 the !tat1to-y /iabi/itie! a d payme t o4 d1e! to $-edito-!. ":# The amo1 t -e4e--ed to i !1b+!e$tio "># !ha// be -e$o5e-ed i the ma e- a! the T-ib1 a/ may di-e$t.) Po0e-! o4 & [T-ib1 a/) <<:. POWER OF CODRT TO STAG OR RESTRAIN PROCEE*IN7S A7AINST COMPANG : [Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#) &. S1b!tit1ted 4o- ECo1-t? by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# :. P-io- to it! omi!!io !e$tio <<: -ead a! 1 de- = .<<:. Po0e- o4 Co1-t to !tay o- -e!t-ai p-o$eedi 3! a3ai !t $ompa y. + At a y time a4te- the p-e!e tatio o4 a 0i di 3 1p petitio a d be4o-e a 0i di 3 1p o-deha! bee made% the $ompa y% o- a y $-edito- o$o t-ib1to-y% may + "a# 0he-e a y !1it o- p-o$eedi 3 a3ai !t the $ompa y i! pe di 3 i the S1p-eme Co1-t o- i a y 8i3h Co1-t% app/y to the Co1-t i 0hi$h the !1it op-o$eedi 3 i! pe di 3 4o- a !tay o4 p-o$eedi 3! the-ei 2 a d
"b# 0he-e a y !1it o- p-o$eedi 3 i! pe di 3 a3ai !t the $ompa y i a y othe- Co1-t% app/y to the Co1-t ha5i 3 ;1-i!di$tio to 0i d 1p the $ompa y% to -e!t-ai 41-the- p-o$eedi 3! i the !1it o- p-o$eedi 3 2 a d the Co1-t to 0hi$h app/i$atio i! !o made may !tay o- -e!t-ai the p-o$eedi 3! a$$o-di 3/y% o !1$h te-m! a! it thi A! 4it.. & [<<3. POWERS OF TRIBDNAC ON 8EARIN7 PETITION "&# O hea-i 3 a 0i di 3 1p petitio % the T-ib1 a/ may + "a# di!mi!! it% 0ith o- 0itho1t $o!t! 2 o"b# ad;o1the hea-i 3 $o ditio a//y o1 $o ditio a//y 2 o"$# maAe a y i te-im o-de- that it thi A! 4it 2 o"d# maAe a o-de- 4o- 0i di 3 1p the $ompa y 0ith o0itho1t $o!t!% o- a y othe- o-de- that it thi A! 4it = P-o5ided that the T-ib1 a/ !ha// ot -e41!e to maAe a 0i di 3 1p o-de- o the 3-o1 d o /y that the a!!et! o4 the $ompa y ha5e bee mo-t3a3ed to a amo1 t e91a/ to o- i e,$e!! o4 tho!e a!!et!% o- that the $ompa y ha! o a!!et!. ":# Whe-e the petitio i! p-e!e ted o the 3-o1 d that it i! ;1!t a d e91itab/e that the $ompa y !ho1/d be 0o1 d 1p%
the T-ib1 a/ may -e41!e to maAe a o-de- o4 0i di 3 1p% i4 it i! o4 the opi io that !ome othe- -emedy i! a5ai/ab/e to the petitio e-! a d that they a-e a$ti 3 1 -ea!o ab/y i !eeAi 3 to ha5e the $ompa y 0o1 d 1p i !tead o4 p1-!1i 3 Pa3e &9: o4 33: that othe- -emedy. "3# Whe-e the petitio i! p-e!e ted o the 3-o1 d o4 de4a1/t i de/i5e-i 3 the !tat1to-y -epo-t to the Re3i!t-a-% o- i ho/di 3 the !tat1to-y meeti 3% the T-ib1 a/ may + "a# i !tead o4 maAi 3 a 0i di 3 1p o-de-% di-e$t that the !tat1to-y -epo-t !ha// be de/i5e-ed o- that a meeti 3 !ha// be he/d 2 a d "b# o-de- the $o!t! to be paid by a y pe-!o ! 0ho i the opi io o4 the T-ib1 a/% a-e -e!po !ib/e 4o- the de4a1/t.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# . P-io- to it! !1b!tit1tio !e$tio <<3 -ead a! 1 de- = .<<3. Po0e-! o4 Co1-t o hea-i 3 petitio . + "&# O hea-i 3 a 0i di 3 1p petitio % the Co1-t may + "a# di!mi!! it% 0ith o- 0itho1t $o!t 2 o"b# ad;o1the hea-i 3 $o ditio a//y o1 $o ditio a//y 2 o"$# maAe a y i te-im o-de- that it thi A! 4it 2 o"d# maAe a o-de- 4o- 0i di 3 1p the $ompa y 0ith o0itho1t $o!t!% o- a y othe- o-de- that it thi A! 4it =
P-o5ided that the Co1-t !ha// ot -e41!e to maAe a 0i di 3 1p o-de- o the 3-o1 d o /y that the a!!et! o4 the $ompa y ha5e bee mo-t3a3ed to a amo1 t e91a/ to o- i e,$e!! o4 tho!e a!!et!% o- that the $ompa y ha! o a!!et!. ":# Whe-e the petitio i! p-e!e ted o the 3-o1 d that it i! ;1!t a d e91itab/e that the $ompa y !ho1/d be 0o1 d% the Co1-t may -e41!e to maAe a o-de- o4 0i di 3 1p% i4 it i! o4 opi io that !ome othe- -emedy i! a5ai/ab/e to the petitio e-! a d that they a-e a$ti 3 1 -ea!o ab/y i !eeAi 3 to ha5e the $ompa y 0o1 d i !tead o4 p1-!1i 3 that othe- -emedy. "3# Whe-e the petitio i! p-e!e ted o the 3-o1 d o4 de4a1/t i de/i5e-i 3 the !tat1to-y -epo-t to the Re3i!t-a-% oi ho/di 3 the !tat1to-y meeti 3% the Co1-t may + "a# i !tead o4 maAi 3 a 0i di 3 1p o-de-% di-e$t that the !tat1to-y -epo-t !ha// be de/i5e-ed o- that a meeti 3 !ha// be he/d 2 a d "b# o-de- the $o!t! to be paid by a y pe-!o ! 0ho i the opi io o4 the Co1-t% a-e -e!po !ib/e 4o- the de4a1/t. & [<<<. OR*ER FOR WIN*IN7 DP TO BE COMMDNICATE* TO OFFICIAC CIHDI*ATOR AN* RE7ISTRAR
Whe-e the T-ib1 a/ maAe! a o-de- 4o- the 0i di 3 1p o4 a $ompa y% the T-ib1 a/% !ha// 0ithi a pe-iod ot e,$eedi 3 t0o 0eeA! 4-om the date o4 pa!!i 3 o4 the o-de-% $a1!e i timatio the-eo4 to be !e t to the O44i$ia/ Ci91idato- a d the Re3i!t-a-.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# . P-io- to it! !1b!tit1tio % !e$tio <<< -ead a! 1 de- = Co !e91e $e! o4 0i di 3 1p o-de<<<. O-de- 4o- 0i di 3 1p to be $omm1 i$ated to O44i$ia/ Ci91idato- a d Re3i!t-a-. + Whe-e the Co1-t maAe! a o-de- 4o- the 0i di 3 1p o4 a $ompa y% the Co1-t !ha// 4o-th0ith $a1!e i timatio the-eo4 to be !e t to the O44i$ia/ Ci91idato- a d the Re3i!t-a-.. <<@. COPG OF WIN*IN7 DP OR*ER TO BE FICE* WIT8 RE7ISTRAR "&# O the maAi 3 o4 a 0i di 3 1p o-de-% it !ha// be the d1ty o4 the petitio e- i the 0i di 3 1p p-o$eedi 3! a d o4 the $ompa y to 4i/e 0ith the Re3i!t-a- a $e-ti4ied $opy o4 the o-de-% 0ithi thi-ty day! 4-om the date o4 the maAi 3 o4 the o-de-.
I4 de4a1/t i! made i $omp/yi 3 0ith the 4o-e3oi 3 p-o5i!io % the petitio e-% o- a! the $a!e may -e91i-e% the $ompa y% a d e5e-y o44i$e- o4 the $ompa y 0ho i! i de4a1/t% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [o e tho1!a d) -1pee! 4o- ea$h day d1-i 3 0hi$h the de4a1/t $o ti 1e!. "&A# I $omp1ti 3 the pe-iod o4 thi-ty day! 4-om the date o4 the maAi 3 o4 a 0i di 3 1p o-de- 1 de- !1b+ !e$tio "&#% the time -e91i!ite 4o- obtai i 3 a $e-ti4ied $opy o4 the o-de!ha// be e,$/1ded. ":# O the 4i/i 3 o4 a $e-ti4ied $opy o4 the 0i di 3 1p o-de-% the Re3i!t-a- !ha// maAe a mi 1te the-eo4 i hi! booA! -e/ati 3 to the $ompa y% a d !ha// oti4y i the O44i$ia/ 7aJette that !1$h a o-deha! bee made. "3# S1$h o-de- !ha// be deemed to be oti$e o4 di!$ha-3e to the o44i$e-! a d emp/oyee! o4 the $ompa y% e,$ept 0he the b1!i e!! o4 the $ompa y i! $o ti 1ed. &. S1b!tit1ted 4o- .o e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. <<'. SDITS STAGE* ON WIN*IN7 DP OR*ER "&# Whe a 0i di 3 1p o-deha! bee made o- the O44i$ia/ Ci91idato- ha! bee appoi ted a! p-o5i!io a/ /i91idato-% o
!1it o- othe- /e3a/ p-o$eedi 3 !ha// be $omme $ed% oi4 pe di 3 at the date o4 the 0i di 3 1p o-de-% !ha// be p-o$eeded 0ith% a3ai !t the $ompa y% e,$ept by /ea5e o4 the & [T-ib1 a/) a d !1b;e$t to !1$h te-m! a! the & [T-ib1 a/) may impo!e. ":# The : [T-ib1 a/) !ha//% ot0ith!ta di 3 a ythi 3 $o tai ed i a y othe- /a0 4o- the time bei 3 i 4o-$e% ha5e ;1-i!di$tio to e te-tai % o- di!po!e o4 + "a# a y !1it o- p-o$eedi 3 by o- a3ai !t the $ompa y 2 "b# a y $/aim made by o- a3ai !t the $ompa y "i $/1di 3 $/aim! by o- a3ai !t a y o4 it! b-a $he! i I dia# 2 "$# a y app/i$atio made 1 de- !e$tio 39& by o- i -e!pe$t o4 the $ompa y 2 "d# a y 91e!tio o4 p-io-itie! o- a y othe- 91e!tio 0hat!oe5e-% 0hethe- o4 /a0 o- 4a$t% 0hi$h may -e/ate to o- a-i!e i $o1-!e o4 the 0i di 3 1p o4 the $ompa y 2 Pa3e &93 o4 33: 0hethe- !1$h !1it o- p-o$eedi 3 ha! bee i !tit1ted% o- i! i !tit1ted% o- !1$h $/aim o- 91e!tio ha! a-i!e oa-i!e! o!1$h app/i$atio ha! bee made o- i! made be4o-e oa4te- the o-de- 4o- the 0i di 3 1p o4 the $ompa y% obe4o-e o-
a4te- the $omme $eme t o4 the Compa ie! "Ame dme t# A$t% &9'(. "3# 3 [BBB) "<# Nothi 3 i !1b+!e$tio "&# o- !1b+!e$tio "3# !ha// app/y to a y p-o$eedi 3 pe di 3 i appea/ be4o-e the S1p-eme Co1-t o- a hi3h Co1-t. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# :. S1b!tit1ted 4o- .$o1-t 0hi$h i! 0i di 3 1p the $ompa y. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# 3. Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to omi!!io !1b+!e$tio "3# -ead a! 1 de- = ."3# A y !1it o- p-o$eedi 3 by o- a3ai !t the $ompa y 0hi$h i! pe di 3 i a y Co1-t othetha that i 0hi$h the 0i di 3 1p o4 the $ompa y i! p-o$eedi 3 may% ot0ith!ta di 3 a ythi 3 $o tai ed i a y othe- /a0 4o- the time bei 3 i 4o-$e% be t-a !4e--ed to a d di!po!ed o4 by that Co1-t.. & [<<'A. RESPONSIBICITG OF *IRECTORS AN* OFFICERS TO SDBMIT TO TRIBDNAC AD*ITE* BOO6S AN*
ACCODNTS The di-e$to-! a d othe- o44i$e-! o4 e5e-y $ompa y !ha// e !1-e that booA! o4 a$$o1 t o4 the $ompa y a-e $omp/eted a d a1dited 1p to date o4 0i di 3 1p o-demade by the T-ib1 a/ a d !1bmitted to it at the $o!t o4 the $ompa y% 4ai/i 3 0hi$h !1$h di-e$to-! a d o44i$e-! !ha// be /iab/e 4op1 i!hme t 4o- a te-m ot e,$eedi 3 o e yea- a d 4i e 4o- a amo1 t ot e,$eedi 3 o e /aAh -1pee!.) &. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <<>. EFFECT OF WIN*IN7 DP OR*ER A o-de- 4o- 0i di 3 1p a $ompa y !ha// ope-ate i 4a5o1- o4 a// the $-edito-! a d o4 a// the $o t-ib1to-ie! o4 the $ompa y a! i4 it had bee made o the ;oi t petitio o4 a $-edito- a d o4 a $o t-ib1to-y. O44i$ia/ /i91idato-! & [<<8. APPOINTMENT OF OFFICIAC CIHDI*ATOR "&# Fo- the p1-po!e! o4 thi! A$t% !o 4a- a! it -e/ate! to the 0i di 3 1p o4 a $ompa y by the T-ib1 a/% the-e !ha// be a O44i$ia/ Ci91idato- 0ho +
"a# may be appoi ted 4-om a pa e/ o4 p-o4e!!io a/ 4i-m! o4 $ha-te-ed a$$o1 ta t!% ad5o$ate!% $ompa y !e$-eta-ie!% $o!t! a d 0o-A! a$$o1 ta t! o- 4i-m! ha5i 3 a $ombi atio o4 the!e p-o4e!!io !% 0hi$h the Ce t-a/ 7o5e- me t !ha// $o !tit1te 4o- the T-ib1 a/ 2 o"b# may be a body $o-po-ate $o !i!ti 3 o4 !1$h p-o4e!!io a/! a! may be app-o5ed by the Ce t-a/ 7o5e- me t 4-om time to time 2 o"$# may be a 0ho/e+time o- a pa-t+time o44i$eappoi ted by the Ce t-a/ 7o5e- me t = P-o5ided that% be4o-e appoi ti 3 the O44i$ia/ Ci91idato-% the T-ib1 a/ may 3i5e d1e -e3a-d to the 5ie0! oopi io o4 the !e$1-ed $-edito-! a d 0o-Ame . ":# The te-m! a d $o ditio ! 4o- the appoi tme t o4 the O44i$ia/ Ci91idato- a d the -em1 e-atio payab/e to him !ha// be + "a# app-o5ed by the T-ib1 a/ 4o- tho!e appoi ted 1 de$/a1!e! "a# a d "b# o4 !1b+!e$tio "&#% !1b;e$t to a ma,im1m -em1 e-atio o4 4i5e pe- $e t o4 the 5a/1e o4 debt -e$o5e-ed a d -ea/i!atio o4 !a/e o4 a!!et! 2 "b# app-o5ed by the Ce t-a/ 7o5e- me t 4o- tho!e appoi ted 1 de- $/a1!e "$# o4 !1b+!e$tio "&# i a$$o-da $e 0ith the -1/e! made by it i thi! beha/4.
"3# Whe-e the O44i$ia/ Ci91idato- i! a o44i$e- appoi ted by the Ce t-a/ 7o5e- me t 1 de- $/a1!e "$# o4 !1b+ !e$tio "&#% the Ce t-a/ 7o5e- me t may a/!o appoi t% i4 $o !ide-ed e$e!!a-y% o e o- mo-e *ep1ty O44i$ia/ Ci91idato-! oA!!i!ta t O44i$ia/ Ci91idato-! to a!!i!t the O44i$ia/ Ci91idato- i the di!$ha-3e o4 hi! 41 $tio !% a d the te-m! a d $o ditio ! 4o- the appoi tme t o4 !1$h O44i$ia/ Ci91idato-! a d the -em1 e-atio payab/e to them !ha// a/!o be i a$$o-da $e 0ith the -1/e! made by the Ce t-a/ 7o5e- me t. "<# A// -e4e-e $e! to the .O44i$ia/ Ci91idato-. i thi! A$t !ha// be $o !t-1ed a! -e4e-e $e to the O44i$ia/ Ci91idato!pe$i4ied i !1b+!e$tio "&#% o- to the *ep1ty O44i$ia/ Ci91idato- o- A!!i!ta t O44i$ia/ Ci91idato- -e4e--ed to i !1b+ !e$tio "3#% a! the $a!e may be. "@# The amo1 t o4 the -em1 e-atio payab/e !ha// + "a# 4o-m pa-t o4 the 0i di 3 1p o-demade by the T-ib1 a/ 2 "b# be t-eated a! 4i-!t $ha-3e o the -ea/i!atio o4 the a!!et! a d be paid to the O44i$ia/ Ci91idato- o- to the Ce t-a/ 7o5e- me t% a! the $a!e may be. "'# The O44i$ia/ Ci91idato- !ha// $o d1$t p-o$eedi 3! i the 0i di 3 1p o4 a $ompa y a d pe-4o-m !1$h d1tie! i
-e4e-e $e the-eto a! the T-ib1 a/ may !pe$i4y i thi! beha/4 = P-o5ided that the T-ib1 a/ may + "a# t-a !4e- the 0o-A a!!i3 ed 4-om o e O44i$ia/ Ci91idato- to a othe- O44i$ia/ Ci91idato- 4o- the -ea!o ! to be -e$o-ded i 0-iti 3 2 "b# -emo5e the O44i$ia/ Ci91idato- o !144i$ie t $a1!e bei 3 !ho0 2 Pa3e &9< o4 33: "$# p-o$eed a3ai !t the O44i$ia/ Ci91idato- 4op-o4e!!io a/ mi!$o d1$t.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio % !e$tio <<8 -ead a! 1 de- = E<<8. Appoi tme t o4 O44i$ia/ Ci91idato-. + "&# Fo- the p1-po!e! o4 thi! A$t% !o 4a- a! it -e/ate! to the 0i di 3 1p o4 $ompa ie! by the Co1-t% + "a# the-e !ha// be atta$hed to ea$h 8i3h Co1-t% a O44i$ia/ Ci91idato- appoi ted by the Ce t-a/ 7o5e- me t% 0ho !ha// be a 0ho/e+time o44i$e-% 1 /e!! the Ce t-a/ 7o5e- me t $o !ide-! that the-e 0i// ot be !144i$ie t 0o-A 4o- a 0ho/e+time o44i$e- i 0hi$h $a!e a pa-t+time o44i$e- may be appoi ted 2 a d "b# the O44i$ia/ Re$ei5e- atta$hed to a *i!t-i$t Co1-t 4oi !o/5e $y p1-po!e!% o- i4 the-e i! o !1$h O44i$ia/ Re$ei5e-% the % !1$h pe-!o a! the Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/
7aJette appoi t 4o- the p1-po!e% !ha// be the O44i$ia/ Ci91idato- atta$hed to the *i!t-i$t Co1-t. "&A# The Ce t-a/ 7o5e- me t may appoi t o e omo-e *ep1ty o- A!!i!ta t O44i$ia/ Ci91idato-! to a!!i!t the O44i$ia/ Ci91idato- i the di!$ha-3e o4 hi! 41 $tio !. ":# A// -e4e-e $e! to the .O44i$ia/ Ci91idato-. i thi! A$t !ha// be $o !t-1ed a! -e4e-e $e! to the O44i$ia/ Ci91idato-e4e--ed to i $/a1!e "a# o- $/a1!e "b#% a! the $a!e may be% o4 !1b+!e$tio "&# a d a! i $/1di 3 -e4e-e $e! to *ep1ty o- A!!i!ta t O44i$ia/ Ci91idato-! appoi ted 1 de- !1b+!e$tio "&A#.? <<9. OFFICIAC CIHDI*ATOR TO BE CIHDI*ATOR O a 0i di 3 1p o-de- bei 3 made i -e!pe$t o4 a $ompa y% the O44i$ia/ Ci91idato- !ha//% by 5i-t1e o4 hi! o44i$e% be$ome the /i91idato- o4 the $ompa y. <@(. APPOINTMENT AN* POWERS OF PROFISIONAC CIHDI*ATOR "&# At a y time a4te- the p-e!e tatio o4 a 0i di 3 1p petitio a d be4o-e the maAi 3 o4 a 0i di 3 1p o-de-% the & [T-ib1 a/) may appoi t the O44i$ia/ Ci91idato- to be /i91idato- p-o5i!io a//y. ":# Be4o-e appoi ti 3 a p-o5i!io a/ /i91idato-% the &
[T-ib1 a/) !ha// 3i5e oti$e to the $ompa y a d 3i5e a -ea!o ab/e oppo-t1 ity to it to maAe it! -ep-e!e tatio !% i4 a y% 1 /e!!% 4o- !pe$ia/ -ea!o ! to be -e$o-ded i 0-iti 3% the & [T-ib1 a/) thi A! 4it to di!pe !e 0ith !1$h oti$e. "3# Whe-e a p-o5i!io a/ /i91idato- i! appoi ted by the & [T-ib1 a/)% the & [T-ib1 a/) may /imit a d -e!t-i$t hi! po0e-! by the o-deappoi ti 3 him o- by a !1b!e91e t o-de- 2 b1t othe-0i!e he !ha// ha5e the !ame po0e-! a! a /i91idato-. "<# The O44i$ia/ Ci91idato- !ha// $ea!e to ho/d o44i$e a! p-o5i!io a/ /i91idato- a d !ha// be$ome the /i91idato-% o4 the $ompa y% o a 0i di 3 1p o-de- bei 3 made. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <@&. 7ENERAC PROFISIONS AS TO CIHDI*ATORS "&# The /i91idato- !ha// $o d1$t the p-o$eedi 3! i 0i di 3 1p the $ompa y a d pe-4o-m !1$h d1tie! i -e4e-e $e the-eto a! the &
[T-ib1 a/) may impo!e. ":# Whe-e the : [O44i$ia/ Ci91idato- -e4e--ed to i $/a1!e "$# o4 !1b+ !e$tio "&# o4 !e$tio <<8) be$ome! o- a$t! a! /i91idato-% the-e !ha// be paid to the "3# The a$t! o4 a /i91idato- !ha// be 5a/id% ot0ith!ta di 3 a y de4e$t that may a4te-0a-d! be di!$o5e-ed i hi! appoi tme t o- 91a/i4i$atio = P-o5ided that othi 3 i thi! !1b+!e$tio !ha// be deemed to 3i5e 5a/idity to a$t! do e by a /i91idatoa4te- hi! appoi tme t ha! bee !ho0 to be i 5a/id. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# :. S1b!tit1ted 4o- .O44i$ia/ Ci91idato-. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <@:. STGCE% ETC.% OF CIHDI*ATOR A /i91idato- !ha// be de!$-ibed by the !ty/e o4 .The O44i$ia/ Ci91idato-. o4 the pa-ti$1/a- $ompa y i -e!pe$t o4 0hi$h he a$t!% a d ot by hi! i di5id1a/ ame. <@3. RECEIFER NOT TO BE APPOINTE* OF ASSETS WIT8 CIHDI*ATOR
A -e$ei5e- !ha// ot be appoi ted o4 a!!et! i the ha d! o4 a /i91idato- e,$ept by% o- 0ith the /ea5e o4% the & [T-ib1 a/). &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <@<. STATEMENT OF AFFAIRS TO BE MA*E TO OFFICIAC CIHDI*ATOR "&# Whe-e the & [T-ib1 a/) ha! made a 0i di 3 1p o-de- o- appoi ted the O44i$ia/ Ci91idato- a! p-o5i!io a/ /i91idato-% 1 /e!! the & [T-ib1 a/) i it! di!$-etio othe-0i!e o-de-!% the-e !ha// be made o1t a d !1bmitted to the O44i$ia/ Ci91idatoa !tateme t a! to the a44ai-! o4 the $ompa y i the p-e!$-ibed 4o-m% 5e-i4ied by a a44ida5it% a d $o tai i 3 the 4o//o0i 3 pa-ti$1/a-!% ame/y = + "a# the a!!et! o4 the $ompa y% !tati 3 !epa-ate/y the $a!h ba/a $e i ha d a d at the ba A% i4 a y% a d e3otiab/e !e$1-itie!% i4 a y% he/d by the $ompa y 2 "b# it! debt! a d /iabi/itie! 2 Pa3e &9@ o4 33: "$# the ame!% -e!ide $e! a d o$$1patio ! o4 it! $-edito-!% !tati 3 !epa-ate/y the amo1 t o4 !e$1-ed a d 1 !e$1-ed
debt! 2 a d i the $a!e o4 !e$1-ed debt!% pa-ti$1/a-! o4 the !e$1-itie! 3i5e % 0hethe- by the $ompa y o- a o44i$ethe-eo4% thei- 5a/1e a d the date! o 0hi$h they 0e-e 3i5e 2 "d# the debt! d1e to the $ompa y a d the ame!% -e!ide $e! a d o$$1patio ! o4 the pe-!o ! 4-om 0hom they a-e d1e a d the amo1 t /iAe/y to be -ea/i!ed o a$$o1 t the-eo4 2 "e# !1$h 41-the- o- othe- i 4o-matio a! may be p-e!$-ibed% o- a! the O44i$ia/ Ci91idato- may -e91i-e. ":# The !tateme t !ha// be !1bmitted a d 5e-i4ied by o e o- mo-e o4 the pe-!o ! 0ho a-e at the -e/e5a t date the di-e$to-! a d by the pe-!o 0ho i! at that date the ma a3e-% !e$-eta-y o- othe- $hie4 o44i$e- o4 the $ompa y% o- by !1$h o4 the pe-!o ! he-ei a4te- i thi! !1b+!e$tio me tio ed% a! the O44i$ia/ Ci91idato-% !1b;e$t to the di-e$tio o4 the & [T-ib1 a/)% may -e91i-e to !1bmit a d 5e-i4y the !tateme t% that i! to !ay% pe-!o ! + "a# 0ho a-e o- ha5e bee o44i$e-! o4 the $ompa y 2 "b# 0ho ha5e taAe pa-t i the 4o-matio o4 the $ompa y at a y time 0ithi o e yea- be4o-e the -e/e5a t date 2 "$# 0ho a-e i the emp/oyme t o4 the $ompa y% oha5e bee i the emp/oyme t o4 the $ompa y 0ithi the !aid yea-%
a d a-e% i the opi io o4 the O44i$ia/ Ci91idato-% $apab/e o4 3i5i 3 the i 4o-matio -e91i-ed 2 "d# 0ho a-e o- ha5e bee 0ithi the !aid yea- o44i$e-! o4% o- i the emp/oyme t o4% a $ompa y 0hi$h i!% o0ithi the !aid yea- 0a!% a o44i$e- o4 the $ompa y to 0hi$h the !tateme t -e/ate!. "3# The !tateme t !ha// be !1bmitted 0ithi t0e ty+o e day! 4-om the -e/e5a t date% o- 0ithi !1$h e,te ded time ot e,$eedi 3 th-ee mo th! 4-om that date a! the O44i$ia/ Ci91idato- o- the & [T-ib1 a/) may% 4o- !pe$ia/ -ea!o !% appoi t. "<# A y pe-!o maAi 3% o- $o $1--i 3 i maAi 3% the !tateme t a d a44ida5it -e91i-ed by thi! !e$tio !ha// be a//o0ed% a d !ha// be paid by the O44i$ia/ Ci91idato- op-o5i!io a/ /i91idato-% a! the $a!e may be% o1t o4 the a!!et! o4 the $ompa y% !1$h $o!t! a d e,pe !e! i $1--ed i a d abo1t the p-epa-atio a d maAi 3 o4 the !tateme t a d a44ida5it a! the O44i$ia/ Ci91idato- may $o !ide- -ea!o ab/e% !1b;e$t to a appea/ to the & [T-ib1 a/). "@# I4 a y pe-!o % 0itho1t -ea!o ab/e e,$1!e% maAe! de4a1/t i $omp/yi 3 0ith a y o4 the -e91i-eme t! o4 thi! !e$tio %
he !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to t0o yea-!% o- 0ith 4i e 0hi$h may e,te d to : [o e tho1!a d) -1pee! 4o- e5e-y day d1-i 3 0hi$h the de4a1/t $o ti 1e!% o- 0ith both. "@A# The & [T-ib1 a/) by 0hi$h the 0i di 3 1p o-de- i! made othe p-o5i!io a/ /i91idato- i! appoi ted% may taAe $o3 i!a $e o4 a o44e $e 1 de- !1b+!e$tio "@# 1po -e$ei5i 3 a $omp/ai t o4 4a$t! $o !tit1ti 3 !1$h a o44e $e a d t-yi 3 the o44e $e it!e/4 i a$$o-da $e 0ith the p-o$ed1-e /aid do0 i the Code o4 C-imi a/ P-o$ed1-e% &898 "@ o4 &898#% 4o- the t-ia/ o4 !1mmo ! $a!e! by ma3i!t-ate!. "'# A y pe-!o !tati 3 him!e/4 i 0-iti 3 to be a $-edito- o- $o t-ib1to-y o4 the $ompa y !ha// be e tit/ed% by him!e/4 oby hi! a3e t% at a// -ea!o ab/e time!% o payme t o4 the p-e!$-ibed 4ee% to i !pe$t the !tateme t !1bmitted i p1-!1a $e o4 thi! !e$tio % a d to a $opy the-eo4 oe,t-a$t the-e4-om. "># A y pe-!o 1 t-1th41//y !o !tati 3 him!e/4 to be a $-edito- o- $o t-ib1to-y !ha// be 31i/ty o4 a o44e $e 1 de- !e$tio &8:
o4 the I dia Pe a/ Code "<@ o4 &8'(# 2 a d !ha//% o the app/i$atio o4 the O44i$ia/ Ci91idato-% be p1 i!hab/e a$$o-di 3/y. "8# I thi! !e$tio % the e,p-e!!io .the -e/e5a t date. mea !% i a $a!e 0he-e a p-o5i!io a/ /i91idato- i! appoi ted% the date o4 hi! appoi tme t% a d i a $a!e 0he-e o !1$h appoi tme t i! made% the date o4 the 0i di 3 1p o-de-. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# :. S1b!tit1ted 4o- .o e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. <@@. REPORT BG OFFICIAC CIHDI*ATOR "&# I a $a!e 0he-e a 0i di 3 1p o-de- i! made% the O44i$ia/ Ci91idato- !ha//% a! !oo a! p-a$ti$ab/e a4te-e$eipt o4 the !tateme t to be !1bmitted 1 de- !e$tio <@< a d ot /ate- tha !i, mo th! 4-om the date o4 the o-de- o!1$h e,te ded pe-iod a! may be a//o0ed by the & [T-ib1 a/)% o- i a $a!e 0he-e the & [T-ib1 a/) o-de-! that o !tateme t eed be !1bmitted% a! !oo a! p-a$ti$ab/e a4te- the date o4 the o-de-% !1bmit a p-e/imi a-y -epo-t to the & [T-ib1 a/) +
"a# a! to the amo1 t o4 $apita/ i!!1ed% !1b!$-ibed% a d paid+1p% a d the e!timated amo1 t o4 a!!et! a d /iabi/itie!% 3i5i 3 !epa-ate/y% 1 de- the headi 3 o4 a!!et!% pa-ti$1/a-! o4 "i# $a!h a d e3otiab/e !e$1-itie! 2 "ii# debt! d1e 4-om $o t-ib1to-ie! 2 "iii# debt! d1e to the $ompa y a d !e$1-itie!% i4 a y% a5ai/ab/e i -e!pe$t the-eo4 2 "i5# mo5ab/e a d immo5ab/e p-ope-tie! be/o 3i 3 to the $ompa y 2 a d "5# 1 paid $a//! 2 "b# i4 the $ompa y ha! 4ai/ed% a! to the $a1!e! o4 the 4ai/1-e 2 a d "$# 0hethe-% i hi! opi io % 41-the- i 91i-y i! de!i-ab/e a! to a y matte- -e/ati 3 to the p-omotio % 4o-matio % o- 4ai/1-e o4 the $ompa y% o- the $o d1$t o4 the b1!i e!! the-eo4. ":# The O44i$ia/ Ci91idato- may a/!o% i4 he thi A! 4it% maAe a 41-the- -epo-t% o- 41-the- -epo-t!% !tati 3 the ma e- i 0hi$h the $ompa y 0a! p-omoted o- 4o-med a d 0hethe- i hi! opi io a y 4-a1d ha! bee $ommitted by a y pe-!o i it! p-omotio o- 4o-matio % o- by a y o44i$e- o4 the $ompa y i -e/atio to the $ompa y !i $e the 4o-matio the-eo4% a d a y othematte-! 0hi$h% i hi! opi io % it i! de!i-ab/e to b-i 3 to the oti$e o4 the & [T-ib1 a/).
"3# I4 the O44i$ia/ Ci91idato- !tate! i a y !1$h 41-the-epo-t that i hi! opi io a 4-a1d ha! bee $ommitted a! a4o-e!aid% the & [T-ib1 a/) !ha// ha5e the 41-the- po0e-! p-o5ided i !e$tio <>8. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <@'. CDSTO*G OF COMPANG?S PROPERTG "&# Whe-e a 0i di 3 1p o-deha! bee made o0he-e a p-o5i!io a/ /i91idato- ha! bee appoi ted% the /i91idato- othe p-o5i!io a/ /i91idato-% a! the $a!e may be% !ha// taAe i to hi! $1!tody o- 1 de- hi! $o t-o/% a// the p-ope-ty% e44e$t! a d a$tio ab/e $/aim! to 0hi$h the $ompa y i! oappea-! to be e tit/ed. Pa3e &9' o4 33: "&A# Fo- the p1-po!e o4 e ab/i 3 the /i91idato- o- the p-o5i!io a/ /i91idato-% a! the $a!e may be% to taAe i to hi! $1!tody o- 1 de- hi! $o t-o/% a y p-ope-ty% e44e$t! oa$tio ab/e $/aim! to 0hi$h the $ompa y i! o- appea-! to be e tit/ed% the /i91idato- o- the p-o5i!io a/ /i91idato-% a! the $a!e may be% may by 0-iti 3 -e91e!t the Chie4 P-e!ide $y
Ma3i!t-ate o- the *i!t-i$t Ma3i!t-ate 0ithi 0ho!e ;1-i!di$tio !1$h p-ope-ty% e44e$t! o- a$tio ab/e $/aim! o- a y booA! o4 a$$o1 t o- othedo$1me t! o4 the $ompa y may be 4o1 d% to taAe po!!e!!io the-eo4% a d the Chie4 P-e!ide $y Ma3i!t-ate o- the *i!t-i$t Ma3i!t-ate may the-e1po a4te- !1$h oti$e a! he may thi A 4it to 3i5e to a y pa-ty% taAe po!!e!!io o4 !1$h p-ope-ty% e44e$t!% a$tio ab/e $/aim!% booA! o4 a$$o1 t o- othedo$1me t! a d de/i5e- po!!e!!io the-eo4 to the /i91idato- o- the p-o5i!io a/ /i91idato-. "&B# Fo- the p1-po!e o4 !e$1-i 3 $omp/ia $e 0ith the p-o5i!io ! o4 !1b+!e$tio "&A#% the Chie4 P-e!ide $y Ma3i!t-ate o- the *i!t-i$t Ma3i!t-ate may taAe o- $a1!e to be taAe !1$h !tep! a d 1!e o- $a1!e to be 1!ed !1$h 4o-$e a! may i hi! opi io be e$e!!a-y. ":# A// the p-ope-ty a d e44e$t! o4 the $ompa y !ha// be deemed to be i the $1!tody o4 the & [T-ib1 a/) a! 4-om the date o4 the o-de- 4o- the 0i di 3 1p o4 the $ompa y. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <@>. POWERS OF CIHDI*ATOR "&# The /i91idato- i a 0i di 3 1p by the
& [T-ib1 a/) !ha// ha5e po0e-% 0ith the !a $tio o4 the & [T-ib1 a/)% + "a# to i !tit1te o- de4e d a y !1it% p-o!e$1tio % o- othe/e3a/ p-o$ee+di 3% $i5i/ o- $-imi a/% i the ame a d o beha/4 o4 the $ompa y 2 "b# to $a--y o the b1!i e!! o4 the $ompa y !o 4a- a! may be e$e!!a-y 4o- the be e4i$ia/ 0i di 3 1p o4 the $ompa y 2 "$# to !e// the immo5ab/e a d mo5ab/e p-ope-ty a d a$tio ab/e $/aim! o4 the $ompa y by p1b/i$ a1$tio op-i5ate $o t-a$t% 0ith po0e- to t-a !4e- the 0ho/e the-eo4 to a y pe-!o o- body $o-po-ate% o- to !e// the !ame i pa-$e/! 2 : ["$a# to !e// 0ho/e o4 the 1 de-taAi 3 o4 the $ompa y a! a 3oi 3 $o $e- 2 "d# to -ai!e o the !e$1-ity o4 the a!!et! o4 the $ompa y a y mo ey -e91i!ite 2 "e# to do a// !1$h othe- thi 3! a! may be e$e!!a-y 4o0i di 3 1p the a44ai-! o4 the $ompa y a d di!t-ib1ti 3 it! a!!et!. ":# The /i91idato- i a 0i di 3 1p by the & [T-ib1 a/) !ha// ha5e po0e- +
"i# to do a// a$t! a d to e,e$1te% i the ame a d o beha/4 o4 the $ompa y% a// deed!% -e$eipt!% a d othedo$1me t!% a d 4o- that p1-po!e to 1!e% 0he e$e!!a-y% the $ompa y?! !ea/ 2 "ia# to i !pe$t the -e$o-d! a d -et1- ! o4 the $ompa y o the 4i/e! o4 the Re3i!t-a- 0itho1t payme t o4 a y 4ee 2 "ii# to p-o5e% -a A a d $/aim i the i !o/5e $y o4 a y $o t-ib1to-y% 4o- a y ba/a $e a3ai !t hi! e!tate% a d to -e$ei5e di5ide d! i the i !o/5e $y% i -e!pe$t o4 that ba/a $e% a! a !epa-ate debt d1e 4-om the i !o/5e t% a d -ateab/y 0ith the othe- !epa-ate $-edito-! 2 "iii# to d-a0% a$$ept% maAe a d e do-!e a y bi// o4 e,$ha 3e% h1 di o- p-omi!!o-y ote i the ame a d o beha/4 o4 the $ompa y% 0ith the !ame e44e$t 0ith -e!pe$t to the /iabi/ity o4 the $ompa y a! i4 the bi//% h1 di% o- ote had bee d-a0 % a$$epted% made o- e do-!ed by o- o beha/4 o4 the $ompa y i the $o1-!e o4 it! b1!i e!! 2 "i5# to taAe o1t% i hi! o44i$ia/ ame% /ette-! o4 admi i!t-atio to a y de$ea!ed $o t-ib1to-y% a d to do i hi! o44i$ia/ ame a y othe- a$t e$e!!a-y 4o- obtai i 3 payme t o4 a y mo ey d1e 4-om a $o t-ib1to-y o- hi! e!tate 0hi$h $a ot
be $o 5e ie t/y do e i the ame o4 the $ompa y% a d i a// !1$h $a!e!% the mo ey d1e !ha//% 4o- the p1-po!e o4 e ab/i 3 the /i91idato- to taAe o1t the /ette-! o4 admi i!t-atio o- -e$o5e- the mo ey% be deemed to be d1e to the /i91idato- him!e/4 = P-o5ided that othi 3 he-ei empo0e-ed !ha// be deemed to a44e$t the -i3ht!% d1tie! a d p-i5i/e3e! o4 a y Admi i!t-ato-+7e e-a/2 "5# to appoi t a a3e t to do a y b1!i e!! 0hi$h the /i91idato- i! 1 ab/e to do him!e/4. 3 [":A# The /i91idato- !ha// + "a# appoi t !e$1-ity 31a-d! to p-ote$t the p-ope-ty o4 the $ompa y taAe i to hi! $1!tody a d to maAe o1t a i 5e to-y o4 the a!!et! i $o !1/tatio 0ith !e$1-ed $-edito-! a4te- 3i5i 3 them oti$e 2 "b# appoi t% a! the $a!e may be% 5a/1e-% $ha-te-ed !1-5eyo-! o- $ha-te-ed a$$o1 ta t to a!!e!! the 5a/1e the $ompa y?! a!!et! 0ithi 4i4tee day! a4te- taAi 3 i to $1!tody o4 p-ope-ty% a!!et! -e4e--ed to i !1b+$/a1!e "a# a d e44e$t! o- a$tio ab/e $/aim! !1b;e$t to !1$h te-m! a d $o ditio ! a! may be !pe$i4ied by the T-ib1 a/ 2 "$# 3i5e a ad5e-ti!eme t% i 5iti 3 bid! 4o- !a/e o4 the a!!et! o4 the $ompa y% 0ithi 4i4tee day! 4-om the date o4
-e$ei5i 3 5a/1atio -epo-t 4-om the 5a/1e-% $ha-te-ed !1-5eyo-! o- $ha-te-ed a$$o1 ta t! -e4e--ed to i $/a1!e "b#% a! the $a!e may be. ":B# The /i91idato- !ha//% immediate/y a4te- the o-de4o- 0i di 3 1p o- appoi ti 3 the /i91idato- a! p-o5i!io a/ Ci91idato- i! made% i!!1e a oti$e -e91i-i 3 a y o4 the pe-!o ! me tio ed i !1b+!e$tio ":# o4 !e$tio <@<% to !1bmit a d 5e-i4y a !tateme t o4 the a44ai-! o4 the $ompa y a d !1$h oti$e !ha// be !e-5ed by the /i91idato-. ":C# The /i91idato- may app/y to the T-ib1 a/ 4o- a o-de- di-e$ti 3 a y pe-!o 0ho% i hi! opi io % i! $ompete t to 41- i!h a !tateme t o4 the a44ai-! 1 de- !e$tio ! <39A a d <@< a d !1$h pe-!o !ha// 4o- the !aid p1-po!e be !e-5ed a oti$e by the /i91idato- i the ma e- a! may be p-e!$-ibed. ":*# The /i91idato- may% 4-om time to time% $a// a y pe-!o 4o- -e$o-di 3 a y !tateme t 4o- the p1-po!e o4 i 5e!ti3ati 3 the a44ai-! o4 the $ompa y 0hi$h i! bei 3 0o1 d 1p a d it !ha// be the d1ty o4 e5e-y !1$h pe-!o to atte d to the /i91idato- at !1$h time a d p/a$e a! the /i91idato- may appoi t a d 3i5e the /i91idato- a// i 4o-matio 0hi$h he may
-e91i-e a d a !0e- a// !1$h 91e!tio ! -e/ati 3 to 0i di 3 1p o4 $ompa y a! may be p1t to him by the /i91idato-. ":E# E5e-y bidde- !ha//% i -e!po !e to ad5e-ti!eme t -e4e--ed to i $/a1!e "$# o4 !1b+!e$tio ":A#% depo!it% hi! o44e- i the ma e- a! may be p-e!$-ibed% 0ith /i91idato- op-o5i!io a/ /i91idato-% a! the $a!e may be% 0ithi 4o-ty+ 4i5e day! Pa3e &9> o4 33: 4-om the date o4 the ad5e-ti!eme t a d the /i91idatoo- p-o5i!io a/ /i91idato- !ha// pe-mit i !pe$tio o4 p-ope-ty a d a!!et! i -e!pe$t o4 0hi$h bid! 0e-e i 5ited = P-o5ided that !1$h bid may be 0ithd-a0 0ithi th-ee day! be4o-e the /a!t day o4 $/o!i 3 o4 the bid = P-o5ided 41-the- that the i !pe$tio o4 p-ope-ty !ha// be ope 4o- ot mo-e tha 4i5e day! be4o-e $/o!i 3 o4 the bid. ":F# The ad5e-ti!eme t i 5iti 3 bid! !ha// $o tai the 4o//o0i 3 detai/!% ame/y =+ "a# ame% add-e!! o4 -e3i!te-ed o44i$e o4 the $ompa y a d it! b-a $h o44i$e!% 4a$to-ie! a d p/a t! a d the p/a$e 0he-e a!!et! o4 the $ompa y a-e Aept a d a5ai/ab/e 4o- !a/e 2 "b# /a!t date 4o- !1bmitti 3 bid! 0hi$h !ha// ot e,$eed i ety day! 4-om the date o4 ad5e-ti!eme t 2 "$# time d1-i 3 0hi$h the p-emi!e! o4 the $ompa y !ha// -emai ope 4o- i !pe$tio 2 "d# the /a!t date 4o- 0ithd-a0i 3 the bid 2 "e# 4i a $ia/ 31a-a tee 0hi$h !ha// ot be /e!! tha o e+ha/4 o4 the 5a/1e o4 the bid 2
"4# 5a/idity pe-iod o4 the bid! 2 "3# p/a$e a d date o4 ope i 3 o4 the bid! i p1b/i$ 2 "h# -e!e-5e p-i$e a d ea- e!t mo ey to be depo!ited a/o 3 0ith the bid2 "i# a y othe- te-m! a d $o ditio ! o4 !a/e 0hi$h may be p-e!$-ibed. ":7# The /i91idato- appoi ted !ha// + "a# mai tai a !epa-ate ba A a$$o1 t 4o- ea$h $ompa y 1 de- hi! $ha-3e 4o- depo!iti 3 the !a/e p-o$eed! o4 the a!!et! a d -e$o5e-y o4 debt! o4 ea$h $ompa y 2 "b# mai tai p-ope- booA! o4 a$$o1 t i -e!pe$t o4 a// -e$eipt! a d payme t! made by him i -e!pe$t o4 ea$h $ompa y a d !1bmit ha/4 yea-/y -et1- o4 -e$eipt! a d payme t! to the T-ib1 a/.) "3# The e,e-$i!e by the /i91idato- i a 0i di 3 1p by the & [T-ib1 a/) o4 the po0e-! $o 4e--ed by thi! !e$tio !ha// be !1b;e$t to the $o t-o/ o4 the & [T-ib1 a/) 2 a d a y $-edito- o- $o t-ib1to-y may app/y to the & [T-ib1 a/) 0ith -e!pe$t to the e,e-$i!e o- p-opo!ed e,e-$i!e o4 a y o4 the po0e-! $o 4e--ed by thi! !e$tio .
&. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# :. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# 3. S1b+!e$tio ! ":A# to ":7# i !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <@8. *ISCRETION OF CIHDI*ATOR The & [T-ib1 a/) may% by o-de-% p-o5ide that the /i91idatomay e,e-$i!e a y o4 the po0e-! -e4e--ed to i !1b+ !e$tio "&# o4 !e$tio <@> 0itho1t the !a $tio o- i te-5e tio o4 the & [T-ib1 a/) = P-o5ided a/0ay! that the e,e-$i!e by the /i91idato- o4 !1$h po0e-! !ha// be !1b;e$t to the $o t-o/ o4 the & [T-ib1 a/). &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <@8A. EKCCDSION OF CERTAIN COMPDTIN7 PERIO*S OF CIMITATION TIME IN
Not0ith!ta di 3 a ythi 3 i the I dia Cimitatio A$t% &9(8 "9 o4 &9(8# o- i a y othe- /a0 4o- the time bei 3 i 4o-$e% i $omp1ti 3 the pe-iod o4 /imitatio p-e!$-ibed 4o- a y !1it o- app/i$atio i the ame a d o beha/4 o4 a $ompa y 0hi$h i! bei 3 0o1 d 1p by the & [T-ib1 a/)% the pe-iod 4-om the date o4 $omme $eme t o4 the 0i di 3 1p o4 the $ompa y to the date o 0hi$h the 0i di 3 1p o-de- i! made "both i $/1!i5e# a d a pe-iod o4 o e yea- immediate/y 4o//o0i 3 the date o4 the 0i di 3 1p o-de- !ha// be e,$/1ded. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# & <@9. PROFISION FOR CE7AC ASSISTANCE TO CIHDI*ATOR The /i91idato- may% 0ith the !a $tio o4 the T-ib1 a/ appoi t o e o- mo-e $ha-te-ed a$$o1 ta t! o$ompa y !e$-eta-ie! o- $o!t a$$o1 ta t! o- /e3a/ p-a$titio e-! e tit/ed to appea- be4o-e the T-ib1 a/ 1 de- !e$tio &(7* to a!!i!t him i the pe-4o-ma $e o4 hi! d1tie!.)
&. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio % !e$tio <@9 -ead a! 1 de- = .<@9. P-o5i!io 4o- /e3a/ a!!i!ta $e to /i91idato-. + The Ci91idato- may% 0ith the !a $tio o4 the $o1-t% appoi t a ad5o$ate% atto- ey o- p/eade- e tit/ed to appea- be4o-e the $o1-t to a!!i!t him i the pe-4o-ma $e o4 hi! d1tie!.. <'(. EKERCISE AN* CONTROC OF CIHDI*ATOR?S POWERS "&# S1b;e$t to the p-o5i!io ! o4 thi! A$t% the /i91idato!ha//% i the admi i!t-atio o4 the a!!et! o4 the $ompa y a d the di!t-ib1tio the-eo4 amo 3 it! $-edito-!% ha5e -e3a-d to a y di-e$tio ! 0hi$h may be 3i5e by -e!o/1tio o4 the $-edito-! o- $o t-ib1to-ie! at a y 3e e-a/ meeti 3 o- by the $ommittee o4 i !pe$tio . ":# A y di-e$tio ! 3i5e by the $-edito-! o$o t-ib1to-ie! at a y 3e e-a/ meeti 3 !ha//% i $a!e o4 $o 4/i$t% be deemed to o5e--ide a y di-e$tio ! 3i5e by the $ommittee o4 i !pe$tio . "3# The /i91idato- + "a# may !1mmo 3e e-a/ meeti 3! o4 the $-edito-! o$o t-ib1to-ie!% 0he e5e- he thi A! 4it% 4o- the p1-po!e o4 a!$e-tai i 3 thei- 0i!he!2 Pa3e &98 o4 33:
"b# !ha// !1mmo !1$h meeti 3! at !1$h time!% a! the $-edito-! o- $o t-ib1to-ie!% a! the $a!e may be% may% by -e!o/1tio % di-e$t% o- 0he e5e- -e91e!ted i 0-iti 3 to do !o by ot /e!! tha o e+te th i 5a/1e o4 the $-edito-! o$o t-ib1to-ie!% a! the $a!e may be. "<# The /i91idato- may app/y to the & [T-ib1 a/) i the ma e- p-e!$-ibed% i4 a y% 4odi-e$tio ! i -e/atio to a y pa-ti$1/a- matte- a-i!i 3 i the 0i di 3 1p. "@# S1b;e$t to the p-o5i!io ! o4 thi! A$t% the /i91idato!ha// 1!e hi! o0 di!$-etio i the admi i!t-atio o4 the a!!et! o4 the $ompa y a d i the di!t-ib1tio the-eo4 amo 3 the $-edito-!. "'# A y pe-!o a33-ie5ed by a y a$t o- de$i!io o4 the /i91idato- may app/y to the & [T-ib1 a/) 2 a d the & [T-ib1 a/) may $o 4i-m% -e5e-!e o- modi4y the a$t o- de$i!io $omp/ai ed o4% a d maAe !1$h 41-the- o-de- a! it thi A! ;1!t i the $i-$1m!ta $e!. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#
<'&. BOO6S TO BE 6EPT BG CIHDI*ATOR "&# The /i91idato- !ha// Aeep% i the ma e- p-e!$-ibed% p-ope- booA! i 0hi$h he !ha// $a1!e e t-ie! omi 1te! to be made o4 p-o$eedi 3! at meeti 3! a d o4 !1$h othematte-! a! may be p-e!$-ibed. ":# A y $-edito- o- $o t-ib1to-y may% !1b;e$t to the $o t-o/ o4 the & [T-ib1 a/)% i !pe$t a y !1$h booA!% pe-!o a//y o- by hi! a3e t. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <':. AD*IT OF CIHDI*ATOR?S ACCODNTS "&# The /i91idato- !ha//% at !1$h time! a! may be p-e!$-ibed b1t ot /e!! tha t0i$e i ea$h yea- d1-i 3 hi! te 1-e o4 o44i$e% p-e!e t to the & [T-ib1 a/) a a$$o1 t o4 hi! -e$eipt! a d payme t! a! /i91idato-. ":# The a$$o1 t !ha// be i the p-e!$-ibed 4o-m% !ha// be made i d1p/i$ate% a d !ha// be 5e-i4ied by a de$/a-atio i the p-e!$-ibed 4o-m. "3# The &
[T-ib1 a/) !ha// $a1!e the a$$o1 t to be a1dited i !1$h ma e- a! it thi A! 4it 2 a d 4o- the p1-po!e o4 the a1dit% the /i91idato- !ha// 41- i!h the & [T-ib1 a/) 0ith !1$h 5o1$he-! a d i 4o-matio a! the & [T-ib1 a/) may -e91i-e% a d the & [T-ib1 a/) may% at a y time% -e91i-e the p-od1$tio o4% a d i !pe$t% a y booA! o- a$$o1 t! Aept by the /i91idato-. "<# Whe the a$$o1 t ha! bee a1dited% o e $opy the-eo4 !ha// be 4i/ed a d Aept by the & [T-ib1 a/)% a d the othe- $opy !ha// be de/i5e-ed to the Re3i!t-a- 4o- 4i/i 3 2 a d ea$h $opy !ha// be ope to the i !pe$tio o4 a y $-edito-% $o t-ib1to-y o- pe-!o i te-e!ted. : ["<A# Whe-e a a$$o1 t -e4e--ed to i !1b+!e$tio "<# -e/ate! to a 7o5e- me t $ompa y i /i91idatio % the /i91idato!ha// 4o-0a-d a $opy the-eo4% + "a# to the Ce t-a/ 7o5e- me t% i4 that 7o5e- me t i! a membe- o4 the 7o5e- me t $ompa y 2 o"b# to a y State 7o5e- me t% i4 that 7o5e- me t i! a membe- o4 the 7o5e- me t $ompa y 2 o-
"$# to the Ce t-a/ 7o5e- me t a d a y State 7o5e- me t% i4 both the 7o5e- me t! a-e membe-! o4 the 7o5e- me t $ompa y.) "@# The /i91idato- !ha// $a1!e the a$$o1 t 0he a1dited o- a !1mma-y the-eo4 to be p-i ted% a d !ha// !e d a p-i ted $opy o4 the a$$o1 t o- !1mma-y by po!t to e5e-y $-edito- a d to e5e-y $o t-ib1to-y = P-o5ided that the & [T-ib1 a/) may i a y $a!e di!pe !e 0ith $omp/ia $e 0ith thi! !1b+!e$tio . &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# :. I !e-ted by the Compa ie! "Ame dme t# A$t% &988 0.e.4. &@+'+&988. <'3. CONTROC OF CENTRAC 7OFERNMENT OFER CIHDI*ATORS "&# The Ce t-a/ 7o5e- me t !ha// taAe $o3 i!a $e o4 the $o d1$t o4 /i91idato-! o4 $ompa ie! 0hi$h a-e bei 3 0o1 d 1p by the & [T-ib1 a/)% a d% i4 a /i91idato- doe! ot 4aith41//y pe-4o-m hi! d1tie! a d d1/y ob!e-5e a// the -e91i-eme t!
impo!ed o him by thi! A$t% o- by the I dia Compa ie! A$t% &9&3 "> o4 &9&3#% the -1/e! the-e1 de-% o- othe-0i!e% 0ith -e!pe$t to the pe-4o-ma $e o4 hi! d1tie!% o- i4 a y $omp/ai t i! made to the Ce t-a/ 7o5e- me t by a y $-edito- o$o t-ib1to-y i -e3a-d the-eto% the Ce t-a/ 7o5e- me t !ha// i 91i-e i to the matte-% a d taAe !1$h a$tio the-eo a! it may thi A e,pedie t = P-o5ided that 0he-e the 0i di 3 1p o4 a $ompa y ha! $omme $ed be4o-e the $omme $eme t o4 thi! A$t% the & [T-ib1 a/) may% o the app/i$a tio o4 the Ce t-a/ 7o5e- me t% appoi t i p/a$e o4 !1$h /i91idato- the O44i$ia/ Ci91idato- a! the /i91idato- i !1$h 0i di 3 1p. ":# The Ce t-a/ 7o5e- me t may at a y time -e91i-e a y /i91idato- o4 a $ompa y 0hi$h i! bei 3 0o1 d 1p by the & [T-ib1 a/) to a !0e- a y i 91i-y i -e/atio to a y 0i di 3 1p i 0hi$h he i! e 3a3ed% a d may% i4 the Ce t-a/ 7o5e- me t thi A! 4it% app/y to the & [T-ib1 a/) to e,ami e him o- a y othepe-!o o oath $o $e- i 3 the 0i di 3 1p. "3# The Ce t-a/ 7o5e- me t may a/!o di-e$t a /o$a/ i 5e!ti3atio to be made o4 the booA! a d 5o1$he-! o4 the
/i91idato-!. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# Committee o4 i !pe$tio Pa3e &99 o4 33: <'<. APPOINTMENT AN* COMPOSITION OF COMMITTEE OF INSPECTION "&# "a# The & [T-ib1 a/) may% at the time o4 maAi 3 a o-de- 4o- the 0i di 3 1p o4 a $ompa y o- at a y time the-ea4te-% di-e$t that the-e !ha// be appoi ted a $ommittee o4 i !pe$tio to a$t 0ith the /i91idato-. "b# Whe-e a di-e$tio i! 3i5e by the & [T-ib1 a/) a! a4o-e!aid% the /i91idato- !ha//% 0ithi t0o mo th! 4-om the date o4 !1$h di-e$tio % $o 5e e a meeti 3 o4 the $-edito-! o4 the $ompa y "a! a!$e-tai ed 4-om it! booA! a d do$1me t!# 4othe p1-po!e o4 dete-mi i 3 0ho a-e to be membe-! o4 the $ommittee. ":# The /i91idato- !ha//% 0ithi 4o1-tee day! 4-om the date o4 the $-edito-!? meeti 3 o- !1$h 41-the- time a! the & [T-ib1 a/) i it! di!$-etio may 3-a t 4o- the p1-po!e 2 $o 5e e a meeti 3 o4 the $o t-ib1to-ie! to $o !idethe de$i!io
o4 the $-edito-!? meeti 3 0ith -e!pe$t to the membe-!hip o4 the $ommittee 2 a d it !ha// be ope to the meeti 3 o4 the $o t-ib1to-ie! to a$$ept the de$i!io o4 the $-edito-!? meeti 3 0ith o- 0itho1t modi4i$atio ! o- to -e;e$t it. "3# E,$ept i the $a!e 0he-e the meeti 3 o4 the $o t-ib1to-ie! a$$ept! the de$i!io o4 the $-edito-!? meeti 3 i it! e ti-ety% it !ha// be the d1ty o4 the /i91idato- to app/y to the & [T-ib1 a/) 4o- di-e$tio ! a! to 0hat the $ompo!itio o4 the $ommittee !ha// be% a d 0ho !ha// be membe-! the-eo4. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# <'@. CONSTITDTION AN* PROCEE*IN7S OF COMMITTEE OF INSPECTION "&# A $ommittee o4 i !pe$tio appoi ted i p1-!1a $e o4 !e$tio <'< !ha// $o !i!t o4 ot mo-e tha t0e/5e membe-!% bei 3 $-edito-! a d $o t-i+b1to-ie! o4 the $ompa y ope-!o ! ho/di 3 3e e-a/ o- !pe$ia/ po0e-! o4 atto- ey 4-om $-edito-! o- $o t-ib1to-ie!% i !1$h p-opo-tio ! a! may be a3-eed o by the meeti 3! o4 $-edito-! a d $o t-ib1to-ie!% o-
i $a!e o4 di44e-e $e o4 opi io bet0ee the meeti 3!% a! may be dete-mi ed by the & [T-ib1 a/). ":# The $ommittee o4 i !pe$tio !ha// ha5e the -i3ht to i !pe$t the a$$o1 t! o4 the /i91idato- at a// -ea!o ab/e time!. "3# The $ommittee !ha// meet at !1$h time! a! it may 4-om time to time appoi t% a d the /i91idato- o- a y membe- o4 the $ommittee may a/!o $a// a meeti 3 o4 the $ommittee a! a d 0he he thi A! e$e!!a-y. "<# The 91o-1m 4o- a meeti 3 o4 the $ommittee !ha// be o e+thi-d o4 the tota/ 1mbe- o4 the membe-!% ot0o% 0hi$he5e- i! hi3he-. "@# The $ommittee may a$t by a ma;o-ity o4 it! membe-! p-e!e t at a meeti 3% b1t !ha// ot a$t 1 /e!! a 91o-1m i! p-e!e t. "'# A membe- o4 the $ommittee may -e!i3 by oti$e i 0-iti 3 !i3 ed by him a d de/i5e-ed to the /i91idato-. "># I4 a membe- o4 the $ommittee i! ad;1d3ed a i !o/5e t% o- $ompo1 d! o- a--a 3e! 0ith hi! $-edito-!% o- i! ab!e t 4-om 4i5e $o !e$1ti5e meeti 3! o4 the $ommittee 0itho1t the /ea5e o4 tho!e membe-! 0ho% to3ethe- 0ith him!e/4% -ep-e!e t the $-edito-! o- $o t-ib1to-ie!% a! the $a!e may be% hi! o44i$e !ha// be$ome 5a$a t.
"8# A membe- o4 the $ommittee may be -emo5ed at a meeti 3 o4 $-edito-! i4 he -ep-e!e t! $-edito-!% o- at a meeti 3 o4 $o t-ib1to-ie! i4 he -ep-e!e t! $o t-ib1to-ie!% by a o-di a-y -e!o/1tio o4 0hi$h !e5e day!? oti$e ha! bee 3i5e % !tati 3 the ob;e$t o4 the meeti 3. "9# O a 5a$a $y o$$1--i 3 i the $ommittee% the /i91idato- !ha// 4o-th0ith !1mmo a meeti 3 o4 $-edito-! o- o4 $o t-ib1to-ie!% a! the $a!e may -e91i-e% to 4i// the 5a$a $y 2 a d the meeti 3 may% by -e!o/1tio % -e+ appoi t the !ame% o- appoi t a othe-% $-edito- o- $o t-ib1to-y to 4i// the 5a$a $y = P-o5ided that i4 the /i91idato-% ha5i 3 -e3a-d to the po!itio i the 0i di 3 1p% i! o4 the opi io that it i! 1 e$e!!a-y 4o- the 5a$a $y to be 4i//ed% he may app/y to the & [T-ib1 a/) a d the & [T-ib1 a/) may maAe a o-de- that the 5a$a $y !ha// ot be 4i//ed% o- !ha// ot be 4i//ed e,$ept i !1$h $i-$1m!ta $e! a! may be !pe$i4ied i the o-de-. "&(# The $o ti 1i 3 membe-! o4 the $ommittee% i4 ot /e!! tha t0o% may a$t ot0ith!ta di 3 a y 5a$a $y i the $ommittee.
&. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. "0.e.4. a date yet to be oti4ied# 7e e-a/ po0e-! o4 & [T-ib1 a/) i $a!e o4 0i di 3 1p by & [T-ib1 a/) : [<''. POWER OF TRIBDNAC TO STAG WIN*IN7 DP "&# The T-ib1 a/ may at a y time a4te- maAi 3 a 0i di 3 1p o-de-% o the app/i$atio eithe- o4 the O44i$ia/ Ci91idato- oo4 a y $-edito- o- $o t-ib1to-y% a d o p-oo4 to the !ati!4a$tio o4 the T-ib1 a/ that a// p-o$eedi 3! i -e/atio to the 0i di 3 1p o13ht to be !tayed% maAe a o-de- !tayi 3 the p-o$eedi 3!% eithe- a/to3ethe- o- 4o- a /imited time% o !1$h te-m! a d $o ditio ! a! the T-ib1 a/ thi A! 4it. ":# O a y app/i$atio 1 dethi! !e$tio % the T-ib1 a/ may% be4o-e maAi 3 a o-de-% -e91i-e the O44i$ia/ Ci91idato- to 41- i!h to the T-ib1 a/ a -epo-t 0ith -e!pe$t to a y 4a$t! o- matte-! 0hi$h a-e i hi! opi io -e/e5a t to the app/i$atio . "3# A $opy o4 e5e-y o-demade 1 dethi! !e$tio !ha// 4o-th0ith be 4o-0a-ded by the $ompa y% o- othe-0i!e a! may
be p-e!$-ibed% to the Re3i!t-a-% 0ho !ha// maAe a mi 1te o4 the o-de- i hi! booA! -e/ati 3 to the $ompa y.) &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# :. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# . P-io- to it! !1b!tit1tio !e$tio <'' -ead a! 1 de- = .<''. Po0e- o4 Co1-t to !tay 0i di 3 1p. + "&# The Co1-t may at a y time a4te- maAi 3 a 0i di 3 1p o-de-% o the app/i$atio eithe- o4 the O44i$ia/ Ci91idato- o- o4 a y $-edito- o- $o t-ib1to-y% a d o p-oo4 to the !ati!4a$tio o4 the Co1-t that a// p-o$eedi 3! i -e/atio to the 0i di 3 1p o13ht to be !tayed% maAe a o-de- !tayi 3 the p-o$eedi 3!% eithea/to3ethe- o- 4o- a /imited time% o !1$h te-m! a d $o ditio ! a! the Co1-t thi A! 4it. Pa3e :(( o4 33: ":# O a y app/i$atio 1 dethi! !e$tio % the Co1-t may% be4o-e maAi 3 a o-de-% -e91i-e the O44i$ia/ Ci91idatoto 41- i!h to the Co1-t a -epo-t 0ith -e!pe$t to a y 4a$t! o- matte-! 0hi$h a-e i hi! opi io -e/e5a t to the app/i$atio . "3# A $opy o4 e5e-y o-demade 1 dethi! !e$tio !ha// 4o-th0ith be 4o-0a-ded by the $ompa y% o- othe-0i!e a! may be p-e!$-ibed% to the Re3i!t-a-% 0ho !ha// maAe a mi 1te o4 the o-de- i hi! booA! -e/ati 3 to the
$ompa y.. <'>. SETTCEMENT OF CIST OF CONTRIBDTORIES AN* APPCICATION OF ASSETS "&# A! !oo a! may be a4te- maAi 3 a 0i di 3 1p o-de-% the & [T-ib1 a/) !ha// !ett/e a /i!t o4 $o t-ib1to-ie!% 0ith po0eto -e$ti4y the -e3i!te- o4 membe-! i a// $a!e! 0he-e -e$ti4i$atio i! -e91i-ed i p1-!1a $e o4 thi! A$t% a d !ha// $a1!e the a!!et! o4 the $ompa y to be $o//e$ted a d app/ied i di!$ha-3e o4 it! /iabi/itie! = P-o5ided that% 0he-e it appea-! to the & [T-ib1 a/) that it 0i// ot be e$e!!a-y to maAe $a//! o % o- ad;1!t the -i3ht! o4% $o t-ib1to-ie!% the & [T-ib1 a/) may di!pe !e 0ith the !ett/eme t o4 a /i!t o4 $o t-ib1to-ie!. ":# I !ett/i 3 the /i!t o4 $o t-ib1to-ie!% the & [T-ib1 a/) !ha// di!ti 31i!h bet0ee tho!e 0ho a-e $o t-ib1to-ie! i theio0 -i3ht a d tho!e 0ho a-e $o t-ib1to-ie! a! bei 3 -ep-e!e tati5e! o4% o- /iab/e 4o- the debt! o4% othe-!. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#
<'8. *ECIFERG OF PROPERTG TO CIHDI*ATOR The & [T-ib1 a/) may% at a y time a4te- maAi 3 a 0i di 3 1p o-de-% -e91i-e a y $o t-ib1to-y 4o- the time bei 3 o the /i!t o4 $o t-ib1to-ie!% a d a y t-1!tee% -e$ei5e-% ba Ae-% a3e t% o44i$e- o- otheemp/oyee o4 the $ompa y% to pay% de/i5e-% !1--e de- o- t-a !4e- 4o-th0ith% o- 0ithi !1$h time a! the & [T-ib1 a/) di-e$t!% to the /i91idato-% a y mo ey% p-ope-ty obooA! a d pape-! i hi! $1!tody o- 1 de- hi! $o t-o/ to 0hi$h the $ompa y i! p-ima 4a$ie e tit/ed. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <'9. PAGMENT OF *EBTS *DE BG CONTRIBDTORG AN* EKTENT OF SET+OFF "&# The & [T-ib1 a/) may% at a y time a4te- maAi 3 a 0i di 3 1p o-de-% maAe a o-de- o a y $o t-ib1to-y 4o- the time bei 3 o the /i!t o4 $o t-ib1to-ie! to pay% i the ma edi-e$ted by the o-de-% a y mo ey d1e to the $ompa y% 4-om
him o- 4-om the e!tate o4 the pe-!o 0hom he -ep-e!e t!% e,$/1!i5e o4 a y mo ey payab/e by him othe e!tate by 5i-t1e o4 a y $a// i p1-!1a $e o4 thi! A$t. ":# The & [T-ib1 a/)% i maAi 3 !1$h a o-de-% may + "a# i the $a!e o4 a 1 /imited $ompa y% a//o0 to the $o t-ib1to-y% by 0ay o4 !et+o44% a y mo ey d1e to him o- to the e!tate 0hi$h he -ep-e!e t!% 4-om the $ompa y% o a y i depe de t dea/i 3 o- $o t-a$t 0ith the $ompa y% b1t ot a y mo ey d1e to him a! a membe- o4 the $ompa y i -e!pe$t o4 a y di5ide d o- p-o4it 2 a d "b# i the $a!e o4 a /imited $ompa y% maAe to a y di-e$to: [BBB) o- ma a3e- 0ho!e /iabi/ity i! 1 /imited% o- to hi! e!tate% the /iAe a//o0a $e. "3# I the $a!e o4 a y $ompa y% 0hethe- /imited o1 /imited% 0he a// the $-edito-! ha5e bee paid i 41//% a y mo ey d1e o a y a$$o1 t 0hate5e- to a $o t-ib1to-y 4-om the $ompa y may be a//o0ed to him by 0ay o4 !et+o44 a3ai !t a y !1b!e91e t $a//.
&. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. Wo-d! .% ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. & [<>(. POWER OF TRIBDNAC TO MA6E CACCS "&# The T-ib1 a/ may% at a y time a4te- maAi 3 0i di 3 1p o-de-% a d eithe- be4o-e o- a4te- it ha! a!$e-tai ed the !144i$ie $y o4 the a!!et! o4 the $ompa y%+ "a# maAe $a//! o a// o- a y o4 the $o t-ib1to-ie! 4o- the time bei 3 o the /i!t o4 the $o t-ib1to-ie!% to the e,te t o4 thei/iabi/ity% 4o- payme t o4 a y mo ey 0hi$h the T-ib1 a/ $o !ide-! e$e!!a-y to !ati!4y the debt! a d /iabi/itie! o4 the $ompa y% a d the $o!t!% $ha-3e! a d e,pe !e! o4 0i di 3 1p% a d 4o- the ad;1!tme t o4 the -i3ht! o4 the $o t-ib1to-ie! amo 3 them!e/5e! 2 a d "b# maAe a o-de- 4o- payme t o4 a y $a//! !o made. ":# I maAi 3 a $a//% the T-ib1 a/ may taAe i to $o !ide-atio the p-obabi/ity that !ome o4 the $o t-ib1to-ie! may% pa-t/y o- 0ho//y% 4ai/ to pay the $a//.)
&. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio % !e$tio <>( -ead a! 1 de- = .<>(. Po0e- o4 Co1-t to maAe $a//!. + "&# The Co1-t may% at a y time a4te- maAi 3 a 0i di 3 1p o-de-% a d eithe- be4o-e o- a4te- it ha! a!$e-tai ed the !144i$ie $y o4 the a!!et! o4 the $ompa y% + "a# maAe $a//! o a// o- a y o4 the $o t-ib1to-ie! 4o- the time bei 3 o the /i!t o4 the $o t-ib1to-ie!% to the e,te t o4 thei- /iabi/ity% 4o- payme t o4 a y mo ey 0hi$h the Co1-t $o !ide-! e$e!!a-y to !ati!4y the debt! a d /iabi/itie! o4 the $ompa y% a d the $o!t!% $ha-3e! a d e,pe !e! o4 0i di 3 1p% a d 4o- the ad;1!tme t o4 the -i3ht! o4 the $o t-ib1to-ie! amo 3 them!e/5e! 2 a d "b# maAe a o-de- 4o- payme t o4 a y $a//! !o made. Pa3e :(& o4 33: ":# I maAi 3 a $a//% the Co1-t may taAe i to $o !ide-atio the p-obabi/ity that !ome o4 the $o t-ib1to-ie! may% pa-t/y o- 0ho//y% 4ai/ to pay the $a//.. <>&. PAGMENT INTO BAN6 OF MONEGS *DE TO COMPANG "&# The & [T-ib1 a/) may o-de- a y $o t-ib1to-y% p1-$ha!e- oothe- pe-!o 4-om 0hom a y mo ey i! d1e to the
$ompa y to pay the mo ey i to the p1b/i$ a$$o1 t o4 I dia i the Re!e-5e Ba A o4 I dia i !tead o4 to the /i91idato-. ":# A y !1$h o-de- may be e 4o-$ed i the !ame ma e- a! i4 the & [T-ib1 a/) had di-e$ted payme t to the /i91idato-. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. & [<>:. MONEGS AN* SECDRITIES PAI* INTO BAN6 TO BE SDBIECT TO OR*ER OF TRIBDNAC A// mo ey!% bi//!% h1 di!% ote! a d othe- !e$1-itie! paid o- de/i5e-ed i to the Re!e-5e Ba A o4 I dia i the $o1-!e o4 the 0i di 3 1p o4 a $ompa y by the T-ib1 a/% !ha// be !1b;e$t i a// -e!pe$t! to the o-de-! o4 the T-ib1 a/.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio % !e$tio <>: -ead a! 1 de- = .<>:. Mo ey! a d !e$1-itie! paid i to ba A to be !1b;e$t to o-de- o4 Co1-t. + A// mo ey!% bi//!% h1 di!% ote! a d othe- !e$1-itie! paid o- de/i5e-ed i to the Re!e-5e Ba A o4 I dia i the $o1-!e o4 the 0i di 3 1p o4 a $ompa y
by the Co1-t% !ha// be !1b;e$t i a// -e!pe$t! to the o-de-! o4 the Co1-t.. <>3. OR*ER ON CONTRIBDTORG TO BE CONCCDSIFE EFI*ENCE "&# A o-demade by the & [T-ib1 a/) o a $o t-ib1to-y !ha//% !1b;e$t to a y -i3ht o4 appea/% be $o $/1!i5e e5ide $e that the mo ey% i4 a y% the-eby appea-i 3 to be d1e oo-de-ed to be paid i! d1e. ":# A// othepe-ti e t matte-! !tated i the o-de- !ha// be taAe to be t-1/y !tated a! a3ai !t a// pe-!o ! a d i a// p-o$eedi 3! 0hat!oe5e-. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <><. POWER TO EKCCD*E CRE*ITORS NOT PROFIN7 IN TIME The & [T-ib1 a/) may 4i, a time o- time! 0ithi 0hi$h $-edito-! a-e to p-o5e thei- debt! o- $/aim!% o- to be e,$/1ded 4-om the be e4it o4 a y di!t-ib1tio made be4o-e tho!e debt! o- $/aim! a-e p-o5ed.
&. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <>@. A*IDSTMENT OF RI78TS OF CONTRIBDTORIES The & [T-ib1 a/) !ha// ad;1!t the -i3ht! o4 the $o t-ib1to-ie! amo 3 them!e/5e!% a d di!t-ib1te a y !1-p/1! amo 3 the pe-!o ! e tit/ed the-eto. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <>'. POWER TO OR*ER COSTS The & [T-ib1 a/) may% i the e5e t o4 the a!!et! bei 3 i !144i$ie t to !ati!4y the /iabi/itie!% maAe a o-de- 4othe payme t o1t o4 the a!!et!% o4 the $o!t!% $ha-3e! a d e,pe !e! i $1--ed i the 0i di 3 1p% i !1$h o-de- o4 p-io-ity i te- !e a! the & [T-ib1 a/) thi A! ;1!t.
&. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <>>. POWER TO SDMMON PERSONS SDSPECTE* OF 8AFIN7 PROPERTG OF COMPANG% ETC "&# The & [T-ib1 a/) may% at a y time a4te- the appoi tme t o4 a p-o5i!io a/ /i91idato- o- the maAi 3 o4 a 0i di 3 1p o-de-% !1mmo be4o-e it a y o44i$e- o4 the $ompa y ope-!o A o0 o- !1!pe$ted to ha5e i hi! po!!e!!io a y p-ope-ty o- booA! o- pape-!% o4 the $ompa y% oA o0 o- !1!pe$ted to be i debted to the $ompa y% oa y pe-!o 0hom the & [T-ib1 a/) deem! $apab/e o4 3i5i 3 i 4o-matio $o $e- i 3 the p-omotio % 4o-matio % t-ade% dea/i 3!% p-ope-ty% booA! o- pape-!% o- a44ai-! o4 the $ompa y. ":# The & [T-ib1 a/) may e,ami e a y o44i$e- o- pe-!o !o !1mmo ed o oath $o $e- i 3 the matte-! a4o-e!aid% eitheby 0o-d o4 mo1th o- o 0-itte i te--o3ato-ie! 2 a d may% i the 4o-me- $a!e% -ed1$e hi! a !0e-! to 0-iti 3 a d -e91i-e him to !i3 them. "3# The
& [T-ib1 a/) may -e91i-e a y o44i$e- o- pe-!o !o !1mmo ed to p-od1$e a y booA! a d pape-! i hi! $1!tody opo0e- -e/ati 3 to the $ompa y2 b1t% 0he-e he $/aim! a y /ie o booA! o- pape-! p-od1$ed by him% the p-od1$tio !ha// be 0itho1t p-e;1di$e to that /ie % a d the & [T-ib1 a/) !ha// ha5e ;1-i!di$tio i the 0i di 3 1p to dete-mi e a// 91e!tio ! -e/ati 3 to that /ie . "<# I4 a y o44i$e- o- pe-!o !o !1mmo ed% a4te- bei 3 paid o- te de-ed a -ea!o ab/e !1m 4o- hi! e,pe !e!% 4ai/! to appea- be4o-e the & [T-ib1 a/) at the time appoi ted% ot ha5i 3 a /a041/ impedime t "made A o0 to the & [T-ib1 a/) at the time o4 it! !itti 3 a d a//o0ed by it#% the & [T-ib1 a/) may $a1!e him to be app-ehe ded a d b-o13ht be4o-e the & [T-ib1 a/) 4o- e,ami atio . "@# I4% o hi! e,ami atio % a y o44i$e- o- pe-!o !o !1mmo ed admit! that he i! i debted to the $ompa y% the &
[T-ib1 a/) may o-de- him to pay to the p-o5i!io a/ /i91idato- o-% a! the $a!e may be% the /i91idato- at !1$h time a d i Pa3e :(: o4 33: !1$h ma e- a! to the & [T-ib1 a/) may !eem ;1!t% the amo1 t i 0hi$h he i! i debted% o- a y pa-t the-eo4% eithe- i 41// di!$ha-3e o4 the 0ho/e amo1 t o- ot% a! the & [T-ib1 a/) thi A! 4it% 0ith o- 0itho1t $o!t! o4 the e,ami atio . "'# I4% o hi! e,ami atio % a y !1$h o44i$e- o- pe-!o admit! that he ha! i hi! po!!e!!io a y p-ope-ty be/o 3i 3 to the $ompa y% the & [T-ib1 a/) may o-de- him to de/i5e- to the p-o5i!io a/ /i91idato- o-% a! the $a!e may be% the /i91idato-% that p-ope-ty o- a y pa-t the-eo4% at !1$h time% i !1$h ma e- a d o !1$h te-m! a! to the & [T-ib1 a/) may !eem ;1!t. "># O-de-! made 1 de- !1b+!e$tio ! "@# a d "'# !ha// be e,e$1ted i the !ame ma e- a! de$-ee! 4o- the payme t o4 mo ey o- 4o- the de/i5e-y o4 p-ope-ty 1 de- the Code o4 Ci5i/ P-o$ed1-e% &9(8 "@ o4 &9(8# -e!pe$ti5e/y. "8# A y pe-!o
maAi 3 a y payme t o- de/i5e-y i p1-!1a $e o4 a o-demade 1 de- !1b+!e$tio "@# o- !1b+!e$tio "'# !ha// by !1$h payme t o- de/i5e-y be% 1 /e!! othe-0i!e di-e$ted by !1$h o-de-% di!$ha-3ed 4-om a// /iabi/ity 0hat!oe5e- i -e!pe$t o4 !1$h debt o- p-ope-ty. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <>8. POWER TO OR*ER PDBCIC EKAMINATION OF PROMOTERS% *IRECTORS% ETC "&# Whe a o-deha! bee made 4o- 0i di 3 1p a $ompa y by the & [T-ib1 a/)% a d the O44i$ia/ Ci91idato- ha! made a -epo-t to the & [T-ib1 a/) 1 dethi! A$t% !tati 3 that i hi! opi io a 4-a1d ha! bee $ommitted by a y pe-!o i the p-omotio o- 4o-matio o4 the $ompa y% o- by a y o44i$e- o4 the $ompa y i -e/atio to the $ompa y !i $e it! 4o-matio % the & [T-ib1 a/) may% a4te- $o !ide-i 3 the -epo-t% di-e$t that that pe-!o o- o44i$e- !ha// atte d be4o-e the & [T-ib1 a/) o
a day appoi ted by it 4o- that p1-po!e% a d be p1b/i$/y e,ami ed a! to the p-omotio o- 4o-matio o- the $o d1$t o4 the b1!i e!! o4 the $ompa y% o- a! to hi! $o d1$t a d dea/i 3! a! a o44i$e- the-eo4. ":# The O44i$ia/ Ci91idato- !ha// taAe pa-t i the e,ami atio % a d 4o- that p1-po!e may% i4 !pe$ia//y a1tho-i!ed by the & [T-ib1 a/) i that beha/4% emp/oy !1$h /e3a/ a!!i!ta $e a! may be !a $tio ed by the & [T-ib1 a/). "3# A y $-edito- o- $o t-ib1to-y may a/!o taAe pa-t i the e,ami atio eithe- pe-!o a//y o- by a y : [$ha-te-ed a$$o1 ta t! o- $ompa y !e$-eta-ie! o- $o!t a$$o1 ta t! o- /e3a/ p-a$titio e-! e tit/ed to appeabe4o-e the T-ib1 a/ 1 de- !e$tio &(7*). "<# The & [T-ib1 a/) may p1t !1$h 91e!tio ! to the pe-!o e,ami ed a! it thi A! 4it. "@# The pe-!o e,ami ed !ha// be e,ami ed o oath% a d !ha// a !0e- a// !1$h 91e!tio ! a! the & [T-ib1 a/) may p1t% o- a//o0 to be p1t% to him.
"'# A pe-!o o-de-ed to be e,ami ed 1 dethi! !e$tio + "a# !ha//% be4o-e hi! e,ami atio % be 41- i!hed at hi! o0 $o!t 0ith a $opy o4 the O44i$ia/ Ci91idato-?! -epo-t 2 a d "b# may at hi! o0 $o!t emp/oy : [$ha-te-ed a$$o1 ta t! o- $ompa y !e$-eta-ie! o- $o!t a$$o1 ta t! o- /e3a/ p-a$titio e-! e tit/ed to appea- be4o-e the T-ib1 a/ 1 de- !e$tio &(7*)% 0ho !ha// be at /ibe-ty to p1t to him !1$h 91e!tio ! a! the & [T-ib1 a/) may deem ;1!t 4o- the p1-po!e o4 e ab/i 3 him to e,p/ai o- 91a/i4y a y a !0e-! 3i5e by him. "># "a# I4 a y !1$h pe-!o app/ie! to the & [T-ib1 a/) to be e,$1/pated 4-om a y $ha-3e! made o!133e!ted a3ai !t him% it !ha// be the d1ty o4 the o44i$ia/ /i91idato- to appea- o the hea-i 3 o4 the app/i$atio a d $a// the atte tio o4 the & [T-ib1 a/) to a y matte-! 0hi$h appea- to the O44i$ia/ Ci91idato- to be -e/e5a t. "b# I4 the & [T-ib1 a/)% a4te- hea-i 3 a y e5ide $e 3i5e o0it e!!e! $a//ed by the O44i$ia/ Ci91idato-% 3-a t! the
app/i$atio % the & [T-ib1 a/) may a//o0 the app/i$a t !1$h $o!t! a! it may thi A 4it. "8# Note! o4 the e,ami atio !ha// be taAe do0 i 0-iti 3% a d !ha// be -ead o5e- to o- by% a d !i3 ed by% the pe-!o e,ami ed 2 a d may the-ea4te- be 1!ed i e5ide $e a3ai !t him% a d !ha// be ope to the i !pe$tio o4 a y $-edito- o$o t-ib1to-y at a// -ea!o ab/e time!. "9# The & [T-ib1 a/) may% i4 it thi A! 4it% ad;o1- the e,ami atio 4-om time to time. : ["&(# A e,ami atio 1 dethi! !e$tio may% i4 the T-ib1 a/ !o di-e$t!% be he/d be4o-e a y pe-!o oa1tho-ity a1tho-i!ed by the T-ib1 a/.) "&&# The po0e-! o4 the & [T-ib1 a/) 1 dethi! !e$tio a! to the $o d1$t o4 the e,ami atio % b1t ot a! to $o!t!% may be e,e-$i!ed by the 3 [pe-!o o- a1tho-ity) be4o-e 0hom the e,ami atio i! he/d i p1-!1a $e o4 !1b+!e$tio "&(#.
&. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .a ad5o$ate% atto- ey o- p/eadee tit/ed to appea- be4o-e the Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio % !1b+!e$tio "&(# -ead a! 1 de- = ."&(# A e,ami atio 1 dethi! !e$tio may% i4 the Co1-t !o di-e$t! a d !1b;e$t to a y -1/e! made i thi! beha/4% be he/d be4o-e a y *i!t-i$t I1d3e% o- be4o-e a y o44i$e- o4 the 8i3h Co1-t% bei 3 a O44i$ia/ Re4e-ee% Ma!te-% Re3i!t-a- o- *ep1ty Re3i!t-a-.. 3. S1b!tit1ted 4o- .I1d3e o- O44i$e-. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. <>9. POWER TO ARREST ABSCON*IN7 CONTRIBDTORG At a y time eithe- be4o-e o- a4te- maAi 3 a 0i di 3 1p o-de-% the & [T-ib1 a/) may% o p-oo4 o4 p-obab/e $a1!e 4obe/ie5i 3 that a $o t-ib1to-y i! abo1t to 91it I dia oothe-0i!e to ab!$o d% o- i! abo1t to -emo5e o$o $ea/ a y o4 hi!
p-ope-ty% 4o- the p1-po!e o4 e5adi 3 payme t o4 $a//! o- o4 a5oidi 3 e,ami atio -e!pe$ti 3 the a44ai-! o4 the $ompa y% $a1!e + "a# the $o t-ib1to-y to be a--e!ted a d !a4e/y Aept 1 ti/ !1$h time a! the & [T-ib1 a/) may o-de- 2 a d Pa3e :(3 o4 33: "b# hi! booA! a d pape-! a d mo5ab/e p-ope-ty to be !eiJed a d !a4e/y Aept 1 ti/ !1$h time a! the & [T-ib1 a/) may o-de-. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. & [<8(. SAFIN7 OF EKISTIN7 POWERS OF TRIBDNAC A y po0e-! $o 4e--ed o the T-ib1 a/ by thi! A$t !ha// be i additio to% a d ot i de-o3atio o4% a y e,i!ti 3 po0e-! o4 i !tit1ti 3 p-o$eedi 3! &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio % !e$tio <8( -ead a! 1 de- =
.<8(. Sa5i 3 o4 e,i!ti 3 po0e-! o4 Co1-t. + A y po0e-! $o 4e--ed o the Co1-t by thi! A$t !ha// be i additio to% a d ot i de-o3atio o4% a y e,i!ti 3 po0e-! o4 i !tit1ti 3 p-o$eedi 3! a3ai !t a y $o t-ib1to-y odebto- o4 the $ompa y% o- the e!tate o4 a y $o t-ib1to-y o- debto-% 4o- the -e$o5e-y o4 a y $a// o- othe- !1m!.. <8&. *ISSOCDTION OF COMPANG "&# Whe the a44ai-! o4 a $ompa y ha5e bee $omp/ete/y 0o1 d 1p o- 0he the & [T-ib1 a/) i! o4 the opi io that the /i91idato- $a ot p-o$eed 0ith the 0i di 3 1p o4 a $ompa y 4o- 0a t o4 41 d! a d a!!et! o- 4o- a y othe-ea!o 0hat!oe5e- a d it i! ;1!t a d -ea!o ab/e i the $i-$1m!ta $e! o4 the $a!e that a o-de- o4 di!!o/1tio o4 the $ompa y !ho1/d be made% the & [T-ib1 a/) !ha// maAe a o-de- that the $ompa y be di!!o/5ed 4-om the date o4 the o-de-% a d the $ompa y !ha// be di!!o/5ed a$$o-di 3/y. ":# A $opy o4 the o-de- !ha//% 0ithi thi-ty day! 4-om the date the-eo4% be 4o-0a-ded by the /i91idato- to the Re3i!t-a0ho !ha// maAe i hi! booA! a mi 1te o4 the di!!o/1tio o4 the $ompa y.
"3# I4 the /i91idato- maAe! de4a1/t i 4o-0a-di 3 a $opy a! a4o-e!aid% he !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to : [4i5e h1 d-ed) -1pee! 4o- e5e-y day d1-i 3 0hi$h the de4a1/t $o ti 1e!. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. :. S1b!tit1ted 4o- .4i4ty. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. E 4o-$eme t o4 a d appea/ 4-om o-de-! <8:. OR*ER MA*E IN ANG CODRT TO BE ENFORCE* BG OT8ER CODRTS A y o-demade by a Co1-t 4o-% o- i the $o1-!e o4% 0i di 3 1p a $ompa y !ha// be e 4o-$eab/e at a y p/a$e i I dia% othetha that o5e- 0hi$h !1$h Co1-t ha! ;1-i!di$tio % by the Co1-t 0hi$h 0o1/d ha5e had ;1-i!di$tio i -e!pe$t o4 the $ompa y i4 it! -e3i!te-ed o44i$e had bee !it1ate at !1$h othe- p/a$e% a d i the !ame ma e- i a// -e!pe$t! a! i4 the o-de- had bee made by that Co1-t. <83. APPEACS FROM OR*ERS Appea/! 4-om a y o-demade% o- de$i!io 3i5e &
[be4o-e the $omme $eme t o4 the Compa ie! "Se$o d Ame dme t# A$t% :((:)% i the matte- o4 the 0i di 3 1p o4 a $ompa y by the Co1-t !ha// /ie to the !ame Co1-t to 0hi$h% i the !ame ma e- i 0hi$h% a d !1b;e$t to the !ame $o ditio ! 1 de- 0hi$h% appea/! /ie 4-om a y o-de- o- de$i!io o4 the Co1-t i $a!e! 0ithi it! o-di a-y ;1-i!di$tio . &. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((:. C8APTER III= FOCDNTARG WIN*IN7 DP Re!o/1tio ! 4o-% a d $omme $eme t o4% 5o/1 ta-y 0i di 3 1p <8<. CIRCDMSTANCES IN W8IC8 COMPANG MAG BE WODN* DP FOCDNTARICG "&# A $ompa y may be 0o1 d 1p 5o/1 ta-i/y + "a# 0he the pe-iod% i4 a y% 4i,ed 4o- the d1-atio o4 the $ompa y by the a-ti$/e! ha! e,pi-ed% o- the e5e t% i4 a y% ha! o$$1--ed% o the o$$1--e $e o4 0hi$h the a-ti$/e! p-o5ide that the $ompa y i! to be di!!o/5ed% a d the $ompa y i 3e e-a/ meeti 3 pa!!e! a -e!o/1tio -e91i-i 3 the $ompa y to be 0o1 d 1p 5o/1 ta-i/y 2 "b# i4 the $ompa y pa!!e! a !pe$ia/ -e!o/1tio that the $ompa y be 0o1 d 1p 5o/1 ta-i/y.
":# I thi! A$t% the e,p-e!!io .a -e!o/1tio 4o5o/1 ta-y 0i di 3 1p. mea ! a -e!o/1tio pa!!ed 1 de- $/a1!e "a# o"b# o4 !1b+!e$tio "&#. <8@. PDBCICATION OF RESOCDTION TO WIN* DP FOCDNTARICG "&# Whe a $ompa y ha! pa!!ed a -e!o/1tio 4o5o/1 ta-y 0i di 3 1p% it !ha//% 0ithi 4o1-tee day! o4 the pa!!i 3 o4 the -e!o/1tio % 3i5e oti$e o4 the -e!o/1tio by ad5e-ti!eme t i the O44i$ia/ 7aJette% a d a/!o i !ome e0!pape$i-$1/ati 3 i the di!t-i$t 0he-e the -e3i!te-ed o44i$e o4 the $ompa y i! !it1ate. ":# I4 de4a1/t i! made i $omp/yi 3 0ith !1b+!e$tio "&#% the $ompa y% a d e5e-y o44i$e- o4 the $ompa y 0ho i! i de4a1/t% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [4i5e h1 d-ed) -1pee! 4o- e5e-y day d1-i 3 0hi$h the de4a1/t $o ti 1e!. Fo- the p1-po!e! o4 thi! !1b+!e$tio % a /i91idato- o4 the $ompa y !ha// be deemed to be a o44i$e- o4 the $ompa y. Pa3e :(< o4 33: &. S1b!tit1ted 4o- .4i4ty. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((.
<8'. COMMENCEMENT OF FOCDNTARG WIN*IN7 DP A 5o/1 ta-y 0i di 3 1p !ha// be deemed to $omme $e at the time 0he the -e!o/1tio 4o- 5o/1 ta-y 0i di 3 1p i! pa!!ed. Co !e91e $e! o4 5o/1 ta-y 0i di 3 1p <8>. EFFECT OF FOCDNTARG WIN*IN7 DP ON STATDS OF COMPANG I the $a!e o4 a 5o/1 ta-y 0i di 3 1p% the $ompa y !ha//% 4-om the $omme $eme t o4 the 0i di 3 1p% $ea!e to $a--y o it! b1!i e!!% e,$ept !o 4a- a! may be -e91i-ed 4othe be e4i$ia/ 0i di 3 1p o4 !1$h b1!i e!! = P-o5ided that the $o-po-ate !tate a d $o-po-ate po0e-! o4 the $ompa y !ha// $o ti 1e 1 ti/ it i! di!!o/5ed. *e$/a-atio o4 !o/5e $y <88. *ECCARATION OF SOCFENCG IN CASE OF PROPOSAC TO WIN* DP FOCDNTARICG "&# Whe-e it i! p-opo!ed to 0i d 1p a $ompa y 5o/1 ta-i/y% it! di-e$to-!% o- i $a!e the $ompa y ha! mo-e tha t0o di-e$to-!% the ma;o-ity o4 the di-e$to-!% may% at a meeti 3 o4 the Boa-d% maAe a de$/a-atio 5e-i4ied by a a44ida5it% to
the e44e$t that they ha5e made a 41// i 91i-y i to the a44ai-! o4 the $ompa y% a d that% ha5i 3 do e !o% they ha5e 4o-med the opi io that the $ompa y ha! o debt!% othat it 0i// be ab/e to pay it! debt! i 41// 0ithi !1$h pe-iod ot e,$eedi 3 th-ee yea-! 4-om the $omme $eme t o4 the 0i di 3 1p a! may be !pe$i4ied i the de$/a-atio . ":# A de$/a-atio made a! a4o-e!aid !ha// ha5e o e44e$t 4o- the p1-po!e! o4 thi! A$t% 1 /e!! + "a# it i! made 0ithi the 4i5e 0eeA! immediate/y p-e$edi 3 the date o4 the pa!!i 3 o4 the -e!o/1tio 4o0i di 3 1p the $ompa y a d i! de/i5e-ed to the Re3i!t-a- 4o-e3i!t-atio be4o-e that date 2 a d "b# it i! a$$ompa ied by a $opy o4 the -epo-t o4 the a1dito-! o4 the $ompa y "p-epa-ed% a! 4a- a! $i-$1m!ta $e! admit% i a$$o-da $e 0ith the p-o5i!io ! o4 thi! A$t# o the p-o4it a d /o!! a$$o1 t o4 the $ompa y 4o- the pe-iod $omme $i 3 4-om the date 1p to 0hi$h the /a!t !1$h a$$o1 t 0a! p-epa-ed a d e di 3 0ith the /ate!t p-a$ti$ab/e date immediate/y be4o-e the maAi 3 o4 the de$/a-atio a d the ba/a $e !heet o4 the $ompa y made o1t a! o the /a!t+ me tio ed date a d a/!o embodie! a !tateme t o4 the $ompa y?! a!!et! a d /iabi/itie! a! at that date.
"3# A y di-e$to- o4 a $ompa y maAi 3 a de$/a-atio 1 dethi! !e$tio 0itho1t ha5i 3 -ea!o ab/e 3-o1 d! 4o- the opi io that the $ompa y 0i// be ab/e to pay it! debt! i 41// 0ithi the pe-iod !pe$i4ied i the de$/a-atio % !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to !i, mo th!% o- 0ith 4i e 0hi$h may e,te d to & [4i4ty) tho1!a d -1pee!% o- 0ith both. "<# I4 the $ompa y i! 0o1 d 1p i p1-!1a $e o4 a -e!o/1tio pa!!ed 0ithi the pe-iod o4 4i5e 0eeA! a4tethe maAi 3 o4 the de$/a-atio % b1t it! debt! a-e ot paid o- p-o5ided 4o- i 41// 0ithi the pe-iod !pe$i4ied i the de$/a-atio % it !ha// be p-e!1med% 1 ti/ the $o t-a-y i! !ho0 % that the di-e$todid ot ha5e -ea!o ab/e 3-o1 d! 4o- hi! opi io . "@# A 0i di 3 1p i the $a!e o4 0hi$h a de$/a-atio ha! bee made a d de/i5e-ed i a$$o-da $e 0ith thi! !e$tio i! i thi! A$t -e4e--ed to a! .a membe-!? 5o/1 ta-y 0i di 3 1p. 2 a d a 0i di 3 1p i the $a!e o4 0hi$h a de$/a-atio ha! ot bee !o made a d de/i5e-ed i! i thi! A$t -e4e--ed to a! .a $-edito-!? 5o/1 ta-y 0i di 3 1p.. &. S1b!tit1ted 4o- .4i5e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((.
P-o5i!io ! app/i$ab/e to a membe-!? 5o/1 ta-y 0i di 3 1p <89. PROFISIONS APPCICABCE TO A MEMBERS? FOCDNTARG WIN*IN7 DP The p-o5i!io ! $o tai ed i !e$tio ! <9( to <98% both i $/1!i5e% !ha// !1b;e$t to the p-o5i!io ! o4 !e$tio <98% app/y i -e/atio to a membe-!? 5o/1 ta-y 0i di 3 1p. <9(. POWER OF COMPANG TO APPOINT AN* FIK REMDNERATION OF CIHDI*ATORS "&# The $ompa y i 3e e-a/ meeti 3 !ha// + "a# appoi t o e o- mo-e /i91idato-! 4o- the p1-po!e o4 0i di 3 1p the a44ai-! a d di!t-ib1ti 3 the a!!et! o4 the $ompa y 2a d "b# 4i, the -em1 e-atio % i4 a y% to be paid to the /i91idato- o- /i91i+dato-!. ":# A y -em1 e-atio !o 4i,ed !ha// ot be i $-ea!ed i a y $i-$1m!ta $e! 0hate5e-% 0hethe- 0ith o- 0itho1t the !a $tio o4 the & [T-ib1 a/). "3# Be4o-e the -em1 e-atio o4 the /i91idato- o/i91idato-! i! 4i,ed a! a4o-e!aid% the /i91idato-% o- a y o4 the /i91idato-!% a! the $a!e may be% !ha// ot taAe $ha-3e o4 hi! o44i$e.
&. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. <9&. BOAR*?S POWERS TO CEASE ON APPOINTMENT OF CIHDI*ATOR O the appoi tme t o4 a /i91idato-% a// the po0e-! o4 the Boa-d o4 di-e$to-! a d o4 the ma a3i 3 o- 0ho/e+ time di-e$to-! & [BBB) a d ma a3e-% i4 the-e be a y o4 the!e% !ha// $ea!e% e,$ept 4o- the p1-po!e o4 3i5i 3 oti$e o4 !1$h appoi tme t to the Re3i!t-a- i p1-!1a $e o4 !e$tio <93 o- i !o4a- a! the $ompa y i 3e e-a/ meeti 3 othe /i91idato- may !a $tio the $o ti 1a $e the-eo4. Pa3e :(@ o4 33: &. Wo-d! .% ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. <9:. POWER TO FICC FACANCG IN OFFICE OF CIHDI*ATOR "&# I4 a 5a$a $y o$$1-! by death% -e!i3 atio oothe-0i!e i the o44i$e o4 a y /i91idato- appoi ted by the $ompa y% the $ompa y i 3e e-a/ meeti 3 may% !1b;e$t to a y a--a 3eme t 0ith it! $-edito-!% 4i// the 5a$a $y.
":# Fo- that p1-po!e% a 3e e-a/ meeti 3 may be $o 5e ed by a y $o t-ib1to-y% o- by the $o ti 1i 3 /i91idato- o/i91idato-!% i4 a y. "3# The meeti 3 !ha// be he/d i the ma e- p-o5ided by thi! A$t o- by the a-ti$/e!% o- i !1$h othema ea! the & [T-ib1 a/) may% o app/i$atio by a y $o t-ib1to-y oby the $o ti 1i 3 /i91idato- o- /i91idato-!% dete-mi e. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <93. NOTICE OF APPOINTMENT OF CIHDI*ATOR TO BE 7IFEN TO RE7ISTRAR "&# The $ompa y !ha// 3i5e oti$e to the Re3i!t-a- o4 the appoi tme t o4 a /i91idato- o- /i91idato-! made by it% 1 de!e$tio <9(% o4 e5e-y 5a$a $y o$$1--i 3 i the o44i$e o4 /i91idato-% a d o4 the ame o4 the /i91idato- o/i91idato-! appoi ted to 4i// e5e-y !1$h 5a$a $y 1 de- !e$tio <9:. ":# The oti$e a4o-e!aid !ha// be 3i5e by the $ompa y 0ithi te day! o4 the e5e t to 0hi$h it -e/ate!. "3# I4 de4a1/t i! made i $omp/yi 3 0ith !1b+!e$tio "&# o- ":#% the $ompa y% a d e5e-y o44i$e- o4 the $ompa y
"i $/1di 3 e5e-y /i91idato- o- $o ti 1i 3 /i91idato-# 0ho i! i de4a1/t% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [o e tho1!a d) -1pee! 4o- e5e-y day d1-i 3 0hi$h the de4a1/t $o ti 1e!. :. S1b!tit1ted 4o- .o e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. <9<. POWER OF CIHDI*ATOR TO ACCEPT S8ARES% ETC.% AS CONSI*ERATION FOR SACE OF PROPERTG OF COMPANG "&# Whe-e + "a# a $ompa y "i thi! !e$tio $a//ed .the t-a !4e-o-+ $ompa y.# i! p-opo!ed to be% o- i! i $o1-!e o4 bei 3% 0o1 d 1p a/to3ethe- 5o/1 ta-i/y 2 a d "b# the 0ho/e o- a y pa-t o4 it! b1!i e!! o- p-ope-ty i! p-opo!ed to be t-a !4e--ed o- !o/d to a othe$ompa y% 0hethea $ompa y 0ithi the mea i 3 o4 thi! A$t o- ot "i thi! !e$tio $a//ed .the t-a !4e-ee+$ompa y.# 2 the /i91idato- o4 the t-a !4e-o-+$ompa y may% 0ith the !a $tio o4 a !pe$ia/ -e!o/1tio o4 that $ompa y $o 4e--i 3 o the /i91idato- eithe- a 3e e-a/ a1tho-ity o- a a1tho-ity i -e!pe$t o4 a y pa-ti$1/a- a--a 3eme t% +
"i# -e$ei5e% by 0ay o4 $ompe !atio o- pa-t $ompe !atio 4o- the t-a !4e- o- !a/e% !ha-e!% po/i$ie!% o- othe- /iAe i te-e!t! i the t-a !4e-ee+$ompa y% 4o- di!t-ib1tio amo 3 the membe-! o4 the t-a !4e-o-+$ompa y 2 o"ii# e te- i to a y othe- a--a 3eme t 0he-eby the membe-! o4 the t-a !4e-o-+$ompa y may% i /ie1 o4 -e$ei5i 3 $a!h% !ha-e!% po/i$ie!% o- othe- /iAe i te-e!t! o- i additio the-eto% pa-ti$ipate i the p-o4it! o4% o- -e$ei5e a y othebe e4it 4-om% the t-a !4e-ee+$ompa y. ":# A y !a/e o- a--a 3eme t i p1-!1a $e o4 thi! !e$tio !ha// be bi di 3 o the membe-! o4 the t-a !4e-o-+$ompa y. "3# I4 a y membe- o4 the t-a !4e-o-+$ompa y 0ho did ot 5ote i 4a5o1- o4 the !pe$ia/ -e!o/1tio e,p-e!!e! hi! di!!e t the-e4-om i 0-iti 3 add-e!!ed to the /i91idato-% a d /e4t at the -e3i!te-ed o44i$e o4 the $ompa y 0ithi !e5e day! a4tethe pa!!i 3 o4 the -e!o/1tio % he may -e91i-e the /i91idato- eithe- + "a# to ab!tai 4-om $a--yi 3 the -e!o/1tio i to e44e$t 2 o"b# to p1-$ha!e hi! i te-e!t at a p-i$e to be dete-mi ed by a3-eeme t% o- by a-bit-atio i the ma e- p-o5ided by thi! !e$tio .
"<# I4 the /i91idato- e/e$t! to p1-$ha!e the membe-?! i te-e!t% the p1-$ha!e mo ey !ha// be paid be4o-e the $ompa y i! di!!o/5ed% a d be -ai!ed by the /i91idato- i !1$h ma e- a! may be dete-mi ed by !pe$ia/ -e!o/1tio . "@# A !pe$ia/ -e!o/1tio !ha// ot be i 5a/id 4o- the p1-po!e! o4 thi! !e$tio by -ea!o o /y that it i! pa!!ed be4o-e o$o $1--e t/y 0ith a -e!o/1tio 4o- 5o/1 ta-y 0i di 3 1p o- 4o- appoi ti 3 /i91idato-! 2 b1t i4 a o-de- i! made 0ithi a yea- 4o- 0i di 3 1p the $ompa y by & [the T-ib1 a/)% the !pe$ia/ -e!o/1tio !ha// ot be 5a/id 1 /e!! it i! !a $tio ed by the : [T-ib1 a/). "'# The p-o5i!io ! o4 the A-bit-atio A$t% &9<( "&( o4 &9<(#% othetha tho!e -e!t-i$ti 3 the app/i$atio o4 that A$t i -e!pe$t o4 the !1b;e$t+ matte- o4 the a-bit-atio % !ha// app/y to a// a-bit-atio ! i p1-!1a $e o4 thi! !e$tio . &. S1b!tit1ted 4o- .o- !1b;e$t to the !1pe-5i!io o4 the Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#.
<9@. *DTG OF CIHDI*ATOR TO CACC CRE*ITORS? MEETIN7 IN CASE OF INSOCFENCG "&# I4% i the $a!e o4 a 0i di 3 1p $omme $ed a4te- the $omme $eme t o4 thi! A$t% the /i91idato- i! at a y time o4 opi io that the $ompa y 0i// ot be ab/e to pay it! debt! i 41// 0ithi the pe-iod !tated i the de$/a-atio 1 de!e$tio <88% o- that pe-iod ha! e,pi-ed 0itho1t the debt! ha5i 3 bee paid i 41//% he !ha// 4o-th0ith !1mmo a meeti 3 o4 the $-edito-!% a d !ha// /ay be4o-e the meeti 3 a !tateme t o4 the a!!et! a d /iabi/itie! o4 the $ompa y. ":# I4 the /i91idato- 4ai/! to $omp/y 0ith !1b+!e$tio "&#% he !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [4i5e tho1!a d) -1pee!. Pa3e :(' o4 33: &. S1b!tit1ted 4o- .4i5e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. <9'. *DTG OF CIHDI*ATOR TO CACC 7ENERAC MEETIN7 AT EN* OF EAC8 GEAR "&# S1b;e$t to the p-o5i!io ! o4 !e$tio <98% i the e5e t o4 the 0i di 3 1p $o ti 1i 3 4o- mo-e tha o e yea-% the /i91idato- !ha// + "a# $a// a 3e e-a/ meeti 3 o4 the $ompa y at the e d o4 the 4i-!t yea- 4-om the $omme $eme t o4 the 0i di 3 1p% a d
at the e d o4 ea$h !1$$eedi 3 yea-% o- a! !oo the-ea4te- a! may be $o 5e ie t 0ithi th-ee mo th! 4-om the e d o4 the yea- o- !1$h /o 3e- pe-iod a! the Ce t-a/ 7o5e- me t may a//o0 2 a d "b# /ay be4o-e the meeti 3 a a$$o1 t o4 hi! a$t! a d dea/i 3! a d o4 the $o d1$t o4 the 0i di 3 1p d1-i 3 the p-e$edi 3 yea-% to3ethe- 0ith a !tateme t i the p-e!$-ibed 4o-m a d $o tai i 3 the p-e!$-ibed pa-ti$1/a-! 0ith -e!pe$t to the p-o$eedi 3! i % a d po!itio o4% the /i91idatio . ":# I4 the /i91idato- 4ai/! to $omp/y 0ith !1b+!e$tio "&#% he !ha// be p1 i!hab/e% i -e!pe$t o4 ea$h 4ai/1-e% 0ith 4i e 0hi$h may e,te d to & [o e tho1!a d) -1pee!. &. S1b!tit1ted 4o- .o e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. <9>. FINAC MEETIN7 AN* *ISSOCDTION "&# S1b;e$t to the p-o5i!io ! o4 !e$tio <98% a! !oo a! the a44ai-! o4 the $ompa y a-e 41//y 0o1 d 1p% the /i91idato!ha// + "a# maAe 1p a a$$o1 t o4 the 0i di 3 1p% !ho0i 3 ho0 the 0i di 3 1p ha! bee $o d1$ted a d the p-ope-ty o4 the $ompa y ha! bee di!po!ed o4 2 a d
"b# $a// a 3e e-a/ meeti 3 o4 the $ompa y 4o- the p1-po!e o4 /ayi 3 the a$$o1 t be4o-e it% a d 3i5i 3 a y e,p/a atio the-eo4. ":# The meeti 3 !ha// be $a//ed by ad5e-ti!eme t + "a# !pe$i4yi 3 the time% p/a$e a d ob;e$t o4 the meeti 3 2a d "b# p1b/i!hed ot /e!! tha o e mo th be4o-e the meeti 3 i the O44i$ia/ 7aJette% a d a/!o i !ome e0!pape$i-$1/ati 3 i the di!t-i$t 0he-e the -e3i!te-ed o44i$e o4 the $ompa y i! !it1ate. "3# Withi o e 0eeA a4te- the meeti 3% the /i91idato!ha// !e d to the Re3i!t-a- a d the O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) a $opy ea$h o4 the a$$o1 t a d !ha// maAe a -et1- to ea$h o4 them o4 the ho/di 3 o4 the meeti 3 a d o4 the date the-eo4. I4 the $opy i! ot !o !e t o- the -et1- i! ot !o made% the /i91idato- !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to : [4i5e h1 d-ed) -1pee! 4o- e5e-y day d1-i 3 0hi$h the de4a1/t $o ti 1e!. "<# I4 a 91o-1m i! ot p-e!e t at the meeti 3 a4o-e!aid% the /i91idato- !ha//% i /ie1 o4 the -et1- -e4e--ed to i !1b+ !e$tio "3#% maAe a -et1- that the meeti 3 0a! d1/y $a//ed a d that o 91o-1m 0a! p-e!e t the-eat.
Dpo !1$h a -et1- bei 3 made 0ithi o e 0eeA a4tethe date 4i,ed 4o- the meeti 3% the p-o5i!io ! o4 !1b+ !e$tio "3# a! to the maAi 3 o4 the -et1- !ha// be deemed to ha5e bee $omp/ied 0ith. "@# The Re3i!t-a-% o -e$ei5i 3 the a$$o1 t a d eithethe -et1- me tio ed i !1b+!e$tio "3# o- the -et1me tio ed i !1b+!e$tio "<#% !ha// 4o-th0ith -e3i!te- them. "'# The O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) o -e$ei5i 3 the a$$o1 t a d eithe- the -et1- me tio ed i !1b+!e$tio "3# o- the -et1- me tio ed i !1b+!e$tio "<#% !ha//% a! !oo a! may be% maAe% a d the /i91idato- a d a// o44i$e-!% pa!t op-e!e t% o4 the $ompa y !ha// 3i5e the O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) a// -ea!o ab/e 4a$i/itie! to maAe% a !$-1ti y o4 the booA! a d pape-! o4 the $ompa y a d i4 o !1$h !$-1ti y the O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) maAe! a -epo-t to the :
[T-ib1 a/) that the a44ai-! o4 the $ompa y ha5e ot bee $o d1$ted i a ma e- p-e;1di$ia/ to the i te-e!t! o4 it! membe-! o- to p1b/i$ i te-e!t% the % 4-om the date o4 the !1bmi!!io o4 the -epo-t to the : [T-ib1 a/) the $ompa y !ha// be deemed to be di!!o/5ed. "'A# I4 o !1$h !$-1ti y the O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) maAe! a -epo-t to the 3 [T-ib1 a/) that the a44ai-! o4 the $ompa y ha5e bee $o d1$ted i a ma e- p-e;1di$ia/ a! a4o-e!aid% the 3 [T-ib1 a/) !ha// by o-de- di-e$t the O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) to maAe a 41-the- i 5e!ti3atio o4 the a44ai-! o4 the $ompa y a d 4o- that p1-po!e !ha// i 5e!t him 0ith a// !1$h po0e-! a! the 3 [T-ib1 a/) may deem 4it. "'B# O the -e$eipt o4 the -epo-t o4 the O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) o
!1$h 41-the- i 5e!ti3atio the 3 [T-ib1 a/) may eithe- maAe a o-de- that the $ompa y !ha// !ta d di!!o/5ed 0ith e44e$t 4-om the date to be !pe$i4ied by the 3 [T-ib1 a/) the-ei o- maAe !1$h othe- o-de- a! the $i-$1m!ta $e! o4 the $a!e b-o13ht o1t i the -epo-t pe-mit. "># I4 the /i91idato- 4ai/! to $a// a 3e e-a/ meeti 3 o4 the $ompa y a! -e91i-ed by thi! !e$tio % he !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to < [4i5e tho1!a d) -1pee!. &. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .4i4ty. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. 3. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <. S1b!tit1ted 4o- .4i5e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. <98. ACTERNATIFE PROFISIONS AS TO ANNDAC AN* FINAC MEETIN7S IN CASE OF INSOCFENCG Pa3e :(> o4 33:
Whe-e !e$tio <9@ ha! e44e$t% !e$tio ! @(8 a d @(9 !ha// app/y to the 0i di 3 1p% to the e,$/1!io o4 !e$tio ! <9' a d <9>% a! i4 the 0i di 3 1p 0e-e a $-edito-!? 5o/1 ta-y 0i di 3 1p a d ot a membe-!? 5o/1 ta-y 0i di 3 1p = P-o5ided that the /i91idato- !ha// ot be -e91i-ed to $a// a meeti 3 o4 $-edito-! 1 de- !e$tio @(8 at the e d o4 the 4i-!t yea- 4-om the $omme $eme t o4 the 0i di 3 1p% 1 /e!! the meeti 3 he/d 1 de- !e$tio <9@ ha! bee he/d mo-e tha th-ee mo th! be4o-e the e d o4 that yea-. P-o5i!io ! app/i$ab/e to a $-edito-!? 5o/1 ta-y 0i di 3 1p <99. PROFISIONS APPCICABCE TO A CRE*ITORS? FOCDNTARG WIN*IN7 DP The p-o5i!io ! $o tai ed i !e$tio ! @(( to @(9% both i $/1!i5e% !ha// app/y i -e/atio to a $-edito-!? 5o/1 ta-y 0i di 3 1p. @((. MEETIN7 OF CRE*ITORS "&# The $ompa y !ha// $a1!e a meeti 3 o4 the $-edito-! o4 the $ompa y to be $a//ed 4o- the day% othe day e,t 4o//o0i 3 the day% o 0hi$h the-e i! to be he/d the 3e e-a/ meeti 3 o4 the $ompa y at 0hi$h the -e!o/1tio 4o-
5o/1 ta-y 0i di 3 1p i! to be p-opo!ed% a d !ha// $a1!e oti$e! o4 the meeti 3 o4 $-edito-! to be !e t by po!t to the $-edito-! !im1/ta eo1!/y 0ith the !e di 3 o4 the oti$e! o4 the meeti 3 o4 the $ompa y. ":# The $ompa y !ha// $a1!e oti$e o4 the meeti 3 o4 the $-edito-! to be ad5e-ti!ed o $e at /ea!t i the O44i$ia/ 7aJette a d o $e at /ea!t i t0o e0!pape-! $i-$1/ati 3 i the di!t-i$t 0he-e the -e3i!te-ed o44i$e op-i $ipa/ p/a$e o4 b1!i e!! o4 the $ompa y i! !it1ate. "3# The Boa-d o4 di-e$to-! o4 the $ompa y !ha// + "a# $a1!e a 41// !tateme t o4 the po!itio o4 the $ompa y?! a44ai-! to3ethe- 0ith a /i!t o4 the $-edito-! o4 the $ompa y a d the e!timated amo1 t o4 thei- $/aim! to be /aid be4o-e the meeti 3 o4 the $-edito-! to be he/d a! a4o-e!aid 2 a d "b# appoi t o e o4 thei- membe- to p-e!ide at the !aid meeti 3. "<# It !ha// be the d1ty o4 the di-e$toappoi ted to p-e!ide at the meeti 3 o4 $-edito-! to atte d the meeti 3 a d p-e!ide the-eat. "@# I4 the meeti 3 o4 the $ompa y at 0hi$h the -e!o/1tio 4o- 5o/1 ta-y 0i di 3 1p i! to be p-opo!ed i! ad;o1- ed a d the -e!o/1tio i! pa!!ed at a ad;o1- ed meeti 3% a y -e!o/1tio pa!!ed at the meeti 3 o4 the $-edito-! he/d i
p1-!1a $e o4 !1b+!e$tio "&# !ha// ha5e e44e$t a! i4 it had bee pa!!ed immediate/y a4te- the pa!!i 3 o4 the -e!o/1tio 4o- 0i di 3 1p the $ompa y. "'# I4 de4a1/t i! made + "a# by the $ompa y% i $omp/yi 3 0ith !1b+!e$tio ! "&# a d ":# 2 "b# by it! Boa-d o4 di-e$to-!% i $omp/yi 3 0ith !1b+ !e$tio "3# 2 "$# by a y di-e$to- o4 the $ompa y% i $omp/yi 3 0ith !1b+!e$tio "<# 2 the $ompa y% ea$h o4 the di-e$to-!% o- the di-e$to-% a! the $a!e may be% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [te ) tho1!a d -1pee! a d% i the $a!e o4 de4a1/t by the $ompa y% e5e-y o44i$e- o4 the $ompa y 0ho i! i de4a1/t% !ha// be /iab/e to the /iAe p1 i!hme t. &. S1b!tit1ted 4o- .o e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. @(&. NOTICE OF RESOCDTIONS PASSE* BG CRE*ITORS? MEETIN7 TO BE 7IFEN TO RE7ISTRAR "&# Noti$e o4 a y -e!o/1tio pa!!ed at a $-edito-!? meeti 3 i p1-!1a $e o4 !e$tio @(( !ha// be 3i5e by the $ompa y to the Re3i!t-a- 0ithi te day! o4 the pa!!i 3 the-eo4.
":# I4 de4a1/t i! made i $omp/yi 3 0ith !1b+!e$tio "&#% the $ompa y% a d e5e-y o44i$e- o4 the $ompa y 0ho i! i de4a1/t% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [4i5e h1 d-ed) -1pee! 4o- e5e-y day d1-i 3 0hi$h the de4a1/t $o ti 1e!. Fo- the p1-po!e! o4 thi! !e$tio % a /i91idato- o4 the $ompa y !ha// be deemed to be a o44i$e- o4 the $ompa y. &. S1b!tit1ted 4o- .4i4ty. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. @(:. APPOINTMENT OF CIHDI*ATOR "&# The $-edito-! a d the $ompa y at thei- -e!pe$ti5e meeti 3! me tio ed i !e$tio @(( may omi ate a pe-!o to be /i91idato- 4o- the p1-po!e o4 0i di 3 1p the a44ai-! a d di!t-ib1ti 3 the a!!et! o4 the $ompa y. ":# I4 the $-edito-! a d the $ompa y omi ate di44e-e t pe-!o !% the pe-!o omi ated by the $-edito-! !ha// be /i91idato- = P-o5ided that a y di-e$to-% membe- o- $-edito- o4 the $ompa y may% 0ithi !e5e day! a4te- the date o 0hi$h the omi atio 0a! made by the $-edito-!% app/y to the &
[T-ib1 a/) 4o- a o-deeithe- di-e$ti 3 that the pe-!o omi ated a! /i91idato- by the $ompa y !ha// be /i91idatoi !tead o4 o- ;oi t/y 0ith the pe-!o omi ated by the $-edito-!% oappoi ti 3 the O44i$ia/ Ci91idato- o- !ome othepe-!o to be /i91idato- i !tead o4 the pe-!o appoi ted by the $-edito-!. "3# I4 o pe-!o i! omi ated by the $-edito-!% the pe-!o % i4 a y% omi ated by the $ompa y !ha// be /i91idato-. "<# I4 o pe-!o i! omi ated by the $ompa y% the pe-!o % i4 a y% omi ated by the $-edito-! !ha// be /i91idato-. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. @(3. APPOINTMENT OF COMMITTEE OF INSPECTION Pa3e :(8 o4 33: "&# The $-edito-! at the meeti 3 to be he/d i p1-!1a $e o4 !e$tio @(( o- at a y !1b!e91e t meeti 3 may% i4 they thi A 4it% appoi t a $ommittee o4 i !pe$tio $o !i!ti 3 o4 ot mo-e tha 4i5e pe-!o !. ":# I4 !1$h a $ommittee i! appoi ted% the $ompa y may% eithe- at the meeti 3 at 0hi$h the -e!o/1tio 4o5o/1 ta-y 0i di 3 1p i! pa!!ed o- at a y !1b!e91e t 3e e-a/ meeti 3% appoi t !1$h 1mbe- o4 pe-!o ! " ot e,$eedi 3 4i5e# a! they thi A 4it to a$t a! membe-! o4 the $ommittee =
P-o5ided that the $-edito-! may% i4 they thi A 4it% -e!o/5e that a// o- a y o4 the pe-!o ! !o appoi ted by the $ompa y o13ht ot to be membe-! o4 the $ommittee o4 i !pe$tio . "3# I4 the $-edito-! !o -e!o/5e% the pe-!o ! me tio ed i the -e!o/1tio !ha// ot% 1 /e!! the & [T-ib1 a/) othe-0i!e di-e$t!% be 91a/i4ied to a$t a! membe-! o4 the $ommittee. "<# O a y app/i$atio to the & [T-ib1 a/) 4o- a di-e$tio 1 de- !1b+!e$tio "3#% the & [T-ib1 a/) may% i4 it thi A! 4it% appoi t othepe-!o ! to a$t a! membe-! o4 the $ommittee o4 i !pe$tio i the p/a$e o4 the pe-!o ! me tio ed i the $-edito-!? -e!o/1tio . "@# S1b;e$t to the p-o5i!io ! o4 !1b+!e$tio ! "&# to "<# a d to !1$h -1/e! a! may be made by the Ce t-a/ 7o5e- me t% the p-o5i!io ! o4 !e$tio <'@ [e,$ept !1b+!e$tio "&# the-eo4) !ha// app/y 0ith -e!pe$t to a $ommittee o4 i !pe$tio appoi ted 1 dethi! !e$tio a! they app/y 0ith -e!pe$t to a $ommittee o4 i !pe$tio appoi ted i a 0i di 3 1p by the & [T-ib1 a/).
&. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. @(<. FIKIN7 OF CIHDI*ATORS? REMDNERATION "&# The $ommittee o4 i !pe$tio % o- i4 the-e i! o !1$h $ommittee% the $-edito-!% may 4i, the -em1 e-atio to be paid to the /i91idato- o- /i91idato-!. ":# Whe-e the -em1 e-atio i! ot !o 4i,ed% it !ha// be dete-mi ed by the & [T-ib1 a/). "3# A y -em1 e-atio 4i,ed 1 de- !1b+!e$tio "&# o- ":# !ha// ot be i $-ea!ed i a y $i-$1m!ta $e! 0hate5e-% 0hethe0ith o- 0itho1t the !a $tio o4 the & [T-ib1 a/). &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: @(@. BOAR*?S POWERS TO CEASE ON APPOINTMENT OF CIHDI*ATOR O the appoi tme t o4 a /i91idato-% a// the po0e-! o4 the Boa-d o4 di-e$to-! !ha// $ea!e% e,$ept i !o4a- a! the
$ommittee o4 i !pe$tio % o- i4 the-e i! o !1$h $ommittee% the $-edito-! i 3e e-a/ meeti 3% may !a $tio the $o ti 1a $e the-eo4. @('. POWER TO FICC FACANCG IN OFFICE OF CIHDI*ATOR I4 a 5a$a $y o$$1-! by death% -e!i3 atio o- othe-0i!e% i the o44i$e o4 a /i91idato- "othetha a /i91idatoappoi ted by% o- by the di-e$tio o4% the & [T-ib1 a/)% the $-edito-! i 3e e-a/ meeti 3 may 4i// the 5a$a $y. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. @(>. APPCICATION OF SECTION <9< TO A CRE*ITORS? FOCDNTARG WIN*IN7 DP The p-o5i!io ! o4 !e$tio <9< !ha// app/y i the $a!e o4 a $-edito-!? 5o/1 ta-y 0i di 3 1p a! i the $a!e o4 a membe-!? 5o/1 ta-y 0i di 3 1p% 0ith the modi4i$atio that the po0e-! o4 the /i91idato- 1 de- that !e$tio !ha// ot be e,e-$i!ed e,$ept 0ith the !a $tio eithe- o4 the & [T-ib1 a/) o- o4 the $ommittee o4 i !pe$tio .
&. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. @(8. *DTG OF CIHDI*ATOR TO CACC MEETIN7S OF COMPANG AN* OF CRE*ITORS AT EN* OF EAC8 GEAR "&# I the e5e t o4 the 0i di 3 1p $o ti 1i 3 4o- mo-e tha o e yea-% the /i91idato- !ha// + "a# $a// a 3e e-a/ meeti 3 o4 the $ompa y a d a meeti 3 o4 the $-edito-! at the e d o4 the 4i-!t yea4-om the $omme $eme t o4 the 0i di 3 1p a d at the e d o4 ea$h !1$$eedi 3 yea-% o- a! !oo the-ea4te- a! may be $o 5e ie t 0ithi th-ee mo th! 4-om the e d o4 the yea- o- !1$h /o 3e- pe-iod a! the Ce t-a/ 7o5e- me t may a//o0 2 a d "b# /ay be4o-e the meeti 3! a a$$o1 t o4 hi! a$t! a d dea/i 3! a d o4 the $o d1$t o4 the 0i di 3 1p d1-i 3 the p-e$edi 3 yea-% to3ethe- 0ith a !tateme t i the p-e!$-ibed 4o-m a d $o tai i 3 the p-e!$-ibed pa-ti$1/a-! 0ith -e!pe$t to the p-o$eedi 3! i % a d po!itio o4% the 0i di 3 1p. ":# I4 the /i91idato- 4ai/! to $omp/y 0ith !1b+!e$tio "&#% he !ha// be p1 i!hab/e% i -e!pe$t o4 ea$h 4ai/1-e% 0ith 4i e 0hi$h may e,te d to &
[o e tho1!a d) -1pee!. &. S1b!tit1ted 4o- .o e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. @(9. FINAC MEETIN7 AN* *ISSOCDTION "&# A! !oo a! the a44ai-! o4 the $ompa y a-e 41//y 0o1 d 1p% the /i91idato- !ha// + "a# maAe 1p a a$$o1 t o4 the 0i di 3 1p% !ho0i 3 ho0 the 0i di 3 1p ha! bee $o d1$ted a d the p-ope-ty o4 the $ompa y ha! bee di!po!ed o4 2 a d Pa3e :(9 o4 33: "b# $a// a 3e e-a/ meeti 3 o4 the $ompa y a d a meeti 3 o4 the $-edito-! 4o- the p1-po!e o4 /ayi 3 the a$$o1 t be4o-e the meeti 3! a d 3i5i 3 a y e,p/a atio the-eo4. ":# Ea$h !1$h meeti 3 !ha// be $a//ed by ad5e-ti!eme t + "a# !pe$i4yi 3 the time% p/a$e a d ob;e$t the-eo4 2 a d "b# p1b/i!hed ot /e!! tha o e mo th be4o-e the meeti 3 i the O44i$ia/ 7aJette a d a/!o i !ome e0!pape$i-$1/ati 3 i the di!t-i$t 0he-e the -e3i!te-ed o44i$e o4 the $ompa y i! !it1ate. "3# Withi o e 0eeA a4te- the date o4 the meeti 3!% oi4 the meeti 3! a-e ot he/d o the !ame date% a4tethe date o4 the /ate- meeti 3% the /i91idato- !ha// !e d to the Re3i!t-a- a d the O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+
!e$tio "&# o4 !e$tio <<8) a $opy ea$h o4 the a$$o1 t a d !ha// maAe a -et1- to ea$h o4 them o4 the ho/di 3 o4 the meeti 3! a d o4 the date o- date! o 0hi$h they 0e-e he/d. I4 the $opy i! ot !o !e t o- the -et1- i! ot !o made% the /i91idato- !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to : [4i5e h1 d-ed) -1pee! 4o- e5e-y day d1-i 3 0hi$h the de4a1/t $o ti 1e!. "<# I4 a 91o-1m "0hi$h 4o- the p1-po!e! o4 thi! !e$tio !ha// be t0o pe-!o !# i! ot p-e!e t at eithe- o4 !1$h meeti 3!% the /i91idato- !ha//% i /ie1 o4 the -et1- -e4e--ed to i !1b+!e$tio "3#% maAe a -et1- that the meeti 3 0a! d1/y $a//ed a d that o 91o-1m 0a! p-e!e t the-eat. Dpo !1$h a -et1- bei 3 made 0ithi o e 0eeA a4tethe date 4i,ed 4o- the meeti 3% the p-o5i!io ! o4 !1b+ !e$tio "3# a! to the maAi 3 o4 the -et1- !ha//% i -e!pe$t o4 that meeti 3% be deemed to ha5e bee $omp/ied 0ith. "@# The Re3i!t-a-% o -e$ei5i 3 the a$$o1 t a d a/!o% i -e!pe$t o4 ea$h !1$h meeti 3% eithe- the -et1me tio ed i !1b+!e$tio "3# o- the -et1- me tio ed i !1b+!e$tio "<#% !ha// 4o-th0ith -e3i!te- them. "'# The O44i$ia/ Ci91idato&
[-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) o -e$ei5i 3 the a$$o1 t a d eithe- the -et1- me tio ed i !1b+!e$tio "3# o- the -et1- me tio ed i !1b+!e$tio "<#% !ha//% a! !oo a! may be% maAe% a d the /i91idato- a d a// o44i$e-!% pa!t op-e!e t% o4 the $ompa y !ha// 3i5e the O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) a// -ea!o ab/e 4a$i/itie! to maAe% a !$-1ti y o4 the booA! a d pape-! o4 the $ompa y a d i4 o !1$h !$-1ti y the O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) maAe! a -epo-t to the : [T-ib1 a/) that the a44ai-! o4 the $ompa y ha5e ot bee $o d1$ted i a ma e- p-e;1di$ia/ to the i te-e!t! o4 it! membe-! o- to p1b/i$ i te-e!t% the % 4-om the date o4 the !1bmi!!io o4 the -epo-t to the : [T-ib1 a/) the $ompa y !ha// be deemed to be di!!o/5ed. "'A# I4 o !1$h !$-1ti y the O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) maAe! a
-epo-t to the 3 [T-ib1 a/) that the a44ai-! o4 the $ompa y ha5e bee $o d1$ted i a ma e- p-e;1di$ia/ a! a4o-e!aid% the 3 [T-ib1 a/) !ha// by o-de- di-e$t the O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) to maAe a 41-the- i 5e!ti3atio o4 the a44ai-! o4 the $ompa y a d 4o- that p1-po!e !ha// i 5e!t him 0ith a// !1$h po0e-! a! the 3 [T-ib1 a/) may deem 4it. "'B# O the -e$eipt o4 the -epo-t o4 the O44i$ia/ Ci91idato& [-e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# o4 !e$tio <<8) o !1$h 41-the- i 5e!ti3atio the 3 [T-ib1 a/) may eithe- maAe a o-de- that the $ompa y !ha// !ta d di!!o/5ed 0ith e44e$t 4-om the date to be !pe$i4ied by the 3 [T-ib1 a/) the-ei o- maAe !1$h othe- o-de- a! the $i-$1m!ta $e! o4 the $a!e b-o13ht o1t i the -epo-t pe-mit.
"># I4 the /i91idato- 4ai/! to $a// a 3e e-a/ meeti 3 o4 the $ompa y o- a meeti 3 o4 the $-edito-! a! -e91i-ed by thi! !e$tio % he !ha// be p1 i!hab/e% i -e!pe$t o4 ea$h !1$h 4ai/1-e% 0ith 4i e 0hi$h may e,te d to < [4i5e tho1!a d) -1pee!. &. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((:. :. S1b!tit1ted 4o- .4i4ty. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. 3. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <. S1b!tit1ted 4o- .4i5e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. P-o5i!io ! app/i$ab/e to e5e-y 5o/1 ta-y 0i di 3 1p @&(. PROFISIONS APPCICABCE TO EFERG FOCDNTARG WIN*IN7 DP The p-o5i!io ! $o tai ed i !e$tio ! @&& to @:&% both i $/1!i5e% !ha// app/y to e5e-y 5o/1 ta-y 0i di 3 1p% 0hethe- a membe-!? o- a $-edito-!? 0i di 3 1p. @&&. *ISTRIBDTION OF PROPERTG OF COMPANG S1b;e$t to the p-o5i!io ! o4 thi! A$t a! to p-e4e-e tia/ payme t!% the a!!et! o4 a $ompa y !ha//% o it! 0i di 3 1p% be
app/ied i !ati!4a$tio o4 it! /iabi/itie! pa-i pa!!1 a d% !1b;e$t to !1$h app/i$atio % !ha//% 1 /e!! the a-ti$/e! othe-0i!e p-o5ide% be di!t-ib1ted amo 3 the membe-! a$$o-di 3 to thei- -i3ht! a d i te-e!t! i the $ompa y. @&&A. APPCICATION OF SECTION <@< TO FOCDNTARG WIN*IN7 DP The p-o5i!io ! o4 !e$tio <@< !ha//% !o 4a- a! may be% app/y to e5e-y 5o/1 ta-y 0i di 3 1p a! they app/y to the 0i di 3 1p by the & [T-ib1 a/) e,$ept that -e4e-e $e! to + "a# the & [T-ib1 a/) !ha// be omitted 2 "b# the o44i$ia/ /i91idato- o- the p-o5i!io a/ /i91idato!ha// be $o !t-1ed a! -e4e-e $e! to the /i91idato- 2 a d "$# the .-e/e5a t date. !ha// be $o !t-1ed a! -e4e-e $e! to the date o4 $omme $eme t o4 the 0i di 3 1p. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. @&:. POWERS AN* *DTIES OF CIHDI*ATOR IN FOCDNTARG WIN*IN7 DP "&# The /i91idato- may% + Pa3e :&( o4 33:
"a# i the $a!e o4 a membe-!? 5o/1 ta-y 0i di 3 1p% 0ith the !a $tio o4 a !pe$ia/ -e!o/1tio o4 the $ompa y% a d i the $a!e o4 a $-edito-!? 5o/1 ta-y 0i di 3 1p% 0ith the !a $tio o4 the & [T-ib1 a/) o-% the $ommittee o4 i !pe$tio o-% i4 the-e i! o !1$h $ommittee% o4 a meeti 3 o4 the $-edito-!% e,e-$i!e a y o4 the po0e-! 3i5e by $/a1!e! "a# to "d# o4 !1b+ !e$tio "&# o4 !e$tio <@> to a /i91idato- i a 0i di 3 1p by the & [T-ib1 a/) 2 "b# 0itho1t the !a $tio -e4e--ed to i $/a1!e "a#% e,e-$i!e a y o4 the othe- po0e-! 3i5e by thi! A$t to the /i91idato- i a 0i di 3 1p by the & [T-ib1 a/) 2 "$# e,e-$i!e the po0e- o4 the & [T-ib1 a/) 1 dethi! A$t o4 !ett/i 3 a /i!t o4 $o t-ib1to-ie! "0hi$h !ha// be p-ima 4a$ie e5ide $e o4 the /iabi/ity o4 the pe-!o ! amed the-ei to be $o t-ib1to-ie!# 2 "d# e,e-$i!e the po0e- o4 the & [T-ib1 a/) o4 maAi 3 $a//! 2
"e# $a// 3e e-a/ meeti 3! o4 the $ompa y 4o- the p1-po!e o4 obtai i 3 the !a $tio o4 the $ompa y by o-di a-y o!pe$ia/ -e!o/1tio % a! the $a!e may -e91i-e% o- 4o- a y othe- p1-po!e he may thi A 4it. ":# The e,e-$i!e by the /i91idato- o4 the po0e-! 3i5e by $/a1!e "a# o4 !1b+!e$tio "&# !ha// be !1b;e$t to the $o t-o/ o4 the & [T-ib1 a/) 2 a d a y $-edito- o- $o t-ib1to-y may app/y to the & [T-ib1 a/) 0ith -e!pe$t to a y e,e-$i!e o- p-opo!ed e,e-$i!e o4 a y o4 the po0e-! $o 4e--ed by thi! !e$tio . "3# The /i91idato- !ha// pay the debt! o4 the $ompa y a d !ha// ad;1!t the -i3ht! o4 the $o t-ib1to-ie! amo 3 them!e/5e!. "<# Whe !e5e-a/ /i91idato-! a-e appoi ted% a y po0e3i5e by thi! A$t may be e,e-$i!ed by !1$h o e omo-e o4 them a! may be dete-mi ed at the time o4 theiappoi tme t o-% i de4a1/t o4 !1$h dete-mi atio % by a y 1mbe- o4 them ot bei 3 /e!! tha t0o. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#.
@&3. BO*G CORPORATE NOT TO BE APPOINTE* AS CIHDI*ATOR "&# A body $o-po-ate !ha// ot be 91a/i4ied 4oappoi tme t a! /i91idato- o4 a $ompa y i a 5o/1 ta-y 0i di 3 1p. ":# A y appoi tme t made i $o t-a5e tio o4 !1b+ !e$tio "&# !ha// be 5oid. "3# A y body $o-po-ate 0hi$h a$t! a! /i91idato- o4 a $ompa y% a d e5e-y di-e$to& [BBB)% o- a ma a3e- the-eo4% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to : [te ) tho1!a d -1pee!. 3 [P-o5ided that% ot0ith!ta di 3 a ythi 3 $o tai ed i a y othe- /a0 4o- the time bei 3 i 4o-$e% a body $o-po-ate $o !i!ti 3 o4 !1$h p-o4e!!io a/! a! may be app-o5ed by the Ce t-a/ 7o5e- me t 4-om time to time% !ha// be 91a/i4ied 4o- appoi tme t a! O44i$ia/ Ci91idato- 1 de- !e$tio <<8.) &. Wo-d! .% the ma a3i 3 a3e t% o- !e$-eta-ie! a d t-ea!1-e-!%. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. :. S1b!tit1ted 4o- .o e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((.
3. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. @&<. CORRDPT IN*DCEMENT AFFECTIN7 APPOINTMENT AS CIHDI*ATOR A y pe-!o 0ho 3i5e!% o- a3-ee! o- o44e-! to 3i5e% to a y membe- o- $-edito- o4 a $ompa y a y 3-ati4i$atio 0hate5e0ith a 5ie0 to + "a# !e$1-i 3 hi! o0 appoi tme t o- omi atio a! the $ompa y?! /i91idato- 2 o"b# !e$1-i 3 o- p-e5e ti 3 the appoi tme t oomi atio o4 !ome pe-!o othetha him!e/4% a! the $ompa y?! /i91idato- 2 !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [te ) tho1!a d -1pee!. &. S1b!tit1ted 4o- .o e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. & [@&@. POWER OF TRIBDNAC TO APPOINT AN* REMOFE CIHDI*ATOR IN FOCDNTARG WIN*IN7 DP "&# I4 4-om a y $a1!e 0hate5e-% the-e i! o /i91idatoa$ti 3% the T-ib1 a/ may appoi t the O44i$ia/ Ci91idatoo- a y othepe-!o a! a /i91idato-.
":# The T-ib1 a/ may% o $a1!e !ho0 % -emo5e a /i91idato- a d appoi t the O44i$ia/ Ci91idato- o- a y othepe-!o a! a /i91idato- i p/a$e o4 the -emo5ed /i91idato-. "3# The T-ib1 a/ may a/!o appoi t o- -emo5e a /i91idato- o the app/i$atio made by the Re3i!t-a- i thi! beha/4. "<# I4 the O44i$ia/ Ci91idato- i! appoi ted a! /i91idato1 de- the p-o5i!o to !1b+!e$tio ":# o4 !e$tio @(: o1 dethi! !e$tio % the -em1 e-atio to be paid to him !ha// be 4i,ed by the T-ib1 a/ a d !ha// be $-edited to the Ce t-a/ 7o5e- me t.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio !e$tio @&@ -ead a! 1 de- = .@&@. Po0e- o4 Co1-t to appoi t a d -emo5e /i91idatoi 5o/1 ta-y 0i di 3 1p. + "&# I4 4-om a y $a1!e 0hate5e-% the-e i! o /i91idato- a$ti 3% the Co1-t may appoi t the O44i$ia/ Ci91idato- o- a y othepe-!o a! a /i91idato-. ":# The Co1-t may% o $a1!e !ho0 % -emo5e a /i91idato- a d appoi t the O44i$ia/ Ci91idato- o- a y othepe-!o a! a /i91idato- i p/a$e o4 the -emo5ed /i91idato-. "3# The Co1-t may a/!o appoi t o- -emo5e a /i91idatoo the app/i$atio made by the Re3i!t-a- i thi! beha/4.
"<# I4 the O44i$ia/ Ci91idato- i! appoi ted a! /i91idato1 de- the p-o5i!o to !1b+!e$tio ":# o4 !e$tio @(: o1 dethi! !e$tio % the -em1 e-atio to be paid to him !ha// be 4i,ed by the Co1-t a d !ha// be $-edited to the Ce t-a/ 7o5e- me t.. Pa3e :&& o4 33: @&'. NOTICE BG CIHDI*ATOR OF 8IS APPOINTMENT "&# The /i91idato- !ha//% 0ithi thi-ty day! a4te- hi! appoi tme t p1b/i!h i the O44i$ia/ 7aJette% a d de/i5eto the Re3i!t-a- 4o- -e3i!t-atio % a oti$e o4 hi! appoi tme t i the 4o-m p-e!$-ibed. ":# I4 the /i91idato- 4ai/! to $omp/y 0ith !1b+!e$tio "&#% he !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [4i5e h1 d-ed) -1pee! 4o- e5e-y day d1-i 3 0hi$h the de4a1/t $o ti 1e!. &. S1b!tit1ted 4o- .4i4ty. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. @&>. ARRAN7EMENT W8EN BIN*IN7 ON COMPANG AN* CRE*ITORS "&# A y a--a 3eme t e te-ed i to bet0ee a $ompa y abo1t to be% o- i the $o1-!e o4 bei 3% 0o1 d 1p a d it! $-edito-! !ha//% !1b;e$t to the -i3ht o4 appea/ 1 dethi! !e$tio % be bi di 3 o the $ompa y a d o the $-edito-! i4 it i!
!a $tio ed by a !pe$ia/ -e!o/1tio o4 the $ompa y a d a$$eded to by th-ee+4o1-th! i 1mbe- a d 5a/1e o4 the $-edito-!. ":# A y $-edito- o- $o t-ib1to-y may% 0ithi th-ee 0eeA! 4-om the $omp/etio o4 the a--a 3eme t% appea/ to the & [T-ib1 a/) a3ai !t it a d the & [T-ib1 a/) may the-e1po % a! it thi A! ;1!t% ame d% 5a-y% $o 4i-m o- !et a!ide the a--a 3eme t. &. S1b!tit1ted 4o- ECo1-t? by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. & [@&8. POWER TO APPCG TO TRIBDNAC TO 8AFE HDESTIONS *ETERMINE* OR POWERS EKERCISE* "&# The /i91idato- o- a y $o t-ib1to-y o- $-edito- may app/y to the T-ib1 a/% + "a# to dete-mi e a y 91e!tio a-i!i 3 i the 0i di 3 1p o4 a $ompa y2 o"b# to e,e-$i!e% a! -e!pe$t! the e 4o-$i 3 o4 $a//!% the !tayi 3 o4 p-o$eedi 3! o- a y othematte-% a// o- a y o4 the po0e-! 0hi$h the T-ib1 a/ mi3ht e,e-$i!e i4 the $ompa y 0e-e bei 3 0o1 d 1p by the T-ib1 a/.
":# The /i91idato- o- a y $-edito- o- $o t-ib1to-y may app/y to the T-ib1 a/ 4o- a o-de- !etti 3 a!ide a y atta$hme t% di!t-e!! o- e,e$1tio p1t i to 4o-$e a3ai !t the e!tate o- e44e$t! o4 the $ompa y a4te- the $omme $eme t o4 the 0i di 3 1p. "3# The T-ib1 a/% i4 !ati!4ied o a app/i$atio 1 de!1b+!e$tio "&# o- !1b+!e$tio ":# that the dete-mi atio o4 the 91e!tio o- the -e91i-ed e,e-$i!e o4 po0e- o- the o-deapp/ied 4o- 0i// be ;1!t a d be e4i$ia/% may a$$ede 0ho//y opa-tia//y to the app/i$atio o !1$h te-m! a d $o ditio ! a! it thi A! 4it% o- may maAe !1$h otheo-de- o the app/i$atio a! it thi A! ;1!t. "<# A $opy o4 a o-de- !tayi 3 the p-o$eedi 3! i the 0i di 3 1p% made by 5i-t1e o4 thi! !e$tio % !ha// 4o-th0ith be 4o-0a-ded by the $ompa y% o- othe-0i!e a! may be p-e!$-ibed% to the Re3i!t-a-% 0ho !ha// maAe a mi 1te o4 the o-dei hi! booA! -e/ati 3 to the $ompa y.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio % !e$tio @&8 -ead a! 1 de- =
.@&8. Po0e- to app/y to Co1-t to ha5e 91e!tio ! dete-mi ed o- po0e-! e,e-$i!ed. + "&# The /i91idato- oa y $o t-ib1to-y o- $-edito- may app/y to that Co1-t + "a# to dete-mi e a y 91e!tio a-i!i 3 i the 0i di 3 1p o- a $ompa y 2 o"b# to e,e-$i!e% a! -e!pe$t! the e 4o-$i 3 o4 $a//!% the !tayi 3 o4 p-o$eedi 3! o- a y othematte-% a// oa y o4 the po0e-! 0hi$h the Co1-t mi3ht e,e-$i!e i4 the $ompa y 0e-e bei 3 0o1 d by the Co1-t. ":# The /i91idato- o- a y $-edito- o- $o t-ib1to-y may app/y to the Co1-t !pe$i4ied i !1b+!e$tio "3# 4o- a o-de!etti 3 a!ide a y atta$hme t% di!t-e!! o- e,e$1tio p1t i to 4o-$e a3ai !t the e!tate o- e44e$t! o4 the $ompa y a4te- the $omme $eme t o4 the 0i di 3 1p. "3# A app/i$atio 1 de- !1b+!e$tio ":# !ha// be made + "a# i4 the atta$hme t% di!t-e!! o- e,e$1tio i! /e5ied op1t i to 4o-$e by a 8i3h Co1-t% to !1$h 8i3h Co1-t 2 a d "b# i4 the atta$hme t% di!t-e!! o- e,e$1tio i! /e5ied op1t i to 4o-$e by a y othe- Co1-t% to the Co1-t ha5i 3 ;1-i!di$tio to 0i d the $ompa y. "<# The Co1-t% i4 !ati!4ied o a app/i$atio 1 de- !1b+ !e$tio "&# o- ":# that the dete-mi atio o4 the 91e!tio othe -e91i-ed e,e-$i!e o4 po0e- o- the o-deapp/ied 4o0i// be ;1!t a d be e4i$ia/% may a$$ede 0ho//y opa-tia//y
to the app/i$atio o !1$h te-m! a d $o ditio ! a! it thi A! 4it% o- may maAe !1$h othe- o-de- o the app/i$atio a! it thi A! ;1!t. "@# A $opy o4 a o-de- !tayi 3 the p-o$eedi 3! i the 0i di 3 1p% made by 5i-t1e o4 thi! !e$tio % !ha// 4o-th0ith be 4o-0a-ded by the $ompa y% o- othe-0i!e a! may be p-e!$-ibed% to the Re3i!t-a-% 0ho !ha// maAe a mi 1te o4 the o-de- i hi! booA! -e/ati 3 to the $ompa y.. & [@&9. APPCICATION OF CIHDI*ATOR TO TRIBDNAC FOR PDBCIC EKAMINATION OF PROMOTERS% *IRECTORS% ETC "&# The /i91idato- may maAe a -epo-t to the T-ib1 a/ !tati 3 that i hi! opi io a 4-a1d ha! bee $ommitted by a y pe-!o i the p-omotio o- 4o-matio o4 the $ompa y o- by a y o44i$e- o4 the $ompa y i -e/atio to the $ompa y !i $e it! 4o-matio 2 a d the T-ib1 a/ may% a4te- $o !ide-i 3 the -epo-t% di-e$t that that pe-!o o- o44i$e- !ha// atte d be4o-e the T-ib1 a/ o a day appoi ted by it 4o- that p1-po!e% a d be p1b/i$/y e,ami ed a! to the p-omotio o4o-matio othe $o d1$t o4 the b1!i e!! o4 the $ompa y% o- a! to hi! $o d1$t a d dea/i 3! a! o44i$e- the-eo4. Pa3e :&: o4 33:
":# The p-o5i!io ! o4 !1b+!e$tio ! ":# to "&&# o4 !e$tio <>8 !ha// app/y i -e/atio to a y e,ami atio di-e$ted 1 de!1b+!e$tio "&# a! they app/y i -e/atio to a e,ami atio di-e$ted 1 de- !1b+!e$tio "&# o4 !e$tio <>8 0ith -e4e-e $e! to the /i91idato- bei 3 !1b!tit1ted 4o-e4e-e $e! to the O44i$ia/ Ci91idato- i tho!e p-o5i!io !.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio !e$tio @&9 -ead a! 1 de- = .@&9. App/i$atio o4 /i91idato- to Co1-t 4o- p1b/i$ e,ami atio o4 p-omote-!% di-e$to-!% et$.+ "&# The /i91idato- may maAe a -epo-t to the Co1-t !tati 3 that i hi! opi io a 4-a1d ha! bee $ommitted by a y pe-!o i the p-omotio o- 4o-matio o4 the $ompa y o- by a y o44i$e- o4 the $ompa y i -e/atio to the $ompa y !i $e it! 4o-matio 2 a d the Co1-t may% a4te- $o !ide-i 3 the -epo-t% di-e$t that that pe-!o o- o44i$e- !ha// atte d be4o-e the Co1-t o a day appoi ted by it 4o- that p1-po!e% a d be p1b/i$/y e,ami ed a! to the p-omotio o- 4o-matio o- the $o d1$t o4 the b1!i e!! o4 the $ompa y% o- a! to hi! $o d1$t a d dea/i 3! a! o44i$e- the-eo4. ":# The p-o5i!io ! o4 !1b+!e$tio ! ":# to "&&# o4 !e$tio <>8 !ha// app/y i -e/atio to a y e,ami atio
di-e$ted 1 de- !1b+!e$tio "&# a! they app/y i -e/atio to a e,ami atio di-e$ted 1 de- !1b+!e$tio "&# o4 !e$tio <>8 0ith -e4e-e $e! to the /i91idatobei 3 !1b!tit1ted 4o- -e4e-e $e! to the O44i$ia/ Ci91idato- i tho!e p-o5i!io !.. @:(. COSTS OF FOCDNTARG WIN*IN7 DP A// $o!t!% $ha-3e! a d e,pe !e! p-ope-/y i $1--ed i the 0i di 3 1p% i $/1di 3 the -em1 e-atio o4 the /i91idato-% !ha//% !1b;e$t to the -i3ht! o4 !e$1-ed $-edito-!% i4 a y% be payab/e o1t o4 the a!!et! o4 the $ompa y i p-io-ity to a// othe$/aim!. @:&. SAFIN7 OF RI78T OF CRE*ITORS AN* CONTRIBDTORIES TO APPCG FOR WIN*IN7 DP [Omitted by the Compa ie! "Ame dme t# A$t% &9'(.) C8APTER IF= WIN*IN7 SDPERFISION OF CODRT DP SDBIECT TO
@::. POWER TO OR*ER WIN*IN7 DP SDBIECT TO SDPERFISION [Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. ) @:3. EFFECT OF PETITION FOR WIN*IN7 DP SDBIECT TO SDPERFISION [Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. )
@:<. POWER OF CODRT TO APPOINT OR REMOFE CIHDI*ATORS [Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. ) @:@. POWERS AN* OBCI7ATIONS OF CIHDI*ATOR APPOINTE* BG CODRT [Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. ) @:'. EFFECT OF SDPERFISION OR*ER [Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. ) @:>. APPOINTMENT IN CERTAIN CASES OF FOCDNTARG CIHDI*ATORS TO OFFICE OF CIHDI*ATORS [Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. ) C8APTER F= PROFISIONS APPCICABCE TO EFERG MO*E OF WIN*IN7 DP P-oo4 a d -a Ai 3 o4 $/aim! @:8. *EBTS OF ACC *ESCRIPTIONS TO BE A*MITTE* TO PROOF I e5e-y 0i di 3 1p "!1b;e$t% i the $a!e o4 i !o/5e t $ompa ie!% to the app/i$atio i a$$o-da $e 0ith the p-o5i!io !
o4 thi! A$t o4 the /a0 o4 i !o/5e $y#% a// debt! payab/e o a $o ti 3e $y% a d a// $/aim! a3ai !t the $ompa y% p-e!e t o- 41t1-e% $e-tai o- $o ti 3e t% a!$e-tai ed o!o1 di 3 o /y i dama3e!% !ha// be admi!!ib/e to p-oo4 a3ai !t the $ompa y% a ;1!t e!timate bei 3 made% !o 4a- a! po!!ib/e% o4 the 5a/1e o4 !1$h debt! o- $/aim! a! may be !1b;e$t to a y $o ti 3e $y% o- may !o1 d o /y i dama3e!% o4o- !ome othe- -ea!o may ot bea- a $e-tai 5a/1e. @:9. APPCICATION OF INSOCFENCG RDCES IN WIN*IN7 DP OF INSOCFENT COMPANIES "&# I the 0i di 3 1p o4 a i !o/5e t $ompa y% the !ame -1/e! !ha// p-e5ai/ a d be ob!e-5ed 0ith -e3a-d to + "a# debt! p-o5ab/e 2 "b# the 5a/1atio o4 a 1itie! a d 41t1-e a d $o ti 3e t /iabi/itie! 2 a d "$# the -e!pe$ti5e -i3ht! o4 !e$1-ed a d 1 !e$1-ed $-edito-! 2 a! a-e i 4o-$e 4o- the time bei 3 1 de- the /a0 o4 i !o/5e $y 0ith -e!pe$t to the e!tate! o4 pe-!o ! ad;1d3ed i !o/5e t = Pa3e :&3 o4 33: P-o5ided that the !e$1-ity o4 e5e-y !e$1-ed $-edito!ha// be deemed to be !1b;e$t to a pa-i pa!!1 $ha-3e i 4a5o1- o4
the 0o-Ame to the e,te t o4 the 0o-Ame ?! po-tio the-ei % a d% 0he-e a !e$1-ed $-edito-% i !tead o4 -e/i 91i!hi 3 hi! !e$1-ity a d p-o5i 3 hi! debt% opt! to -ea/i!e hi! !e$1-ity + "a# the /i91idato- !ha// be e tit/ed to -ep-e!e t the 0o-Ame a d e 4o-$e !1$h $ha-3e 2 "b# a y amo1 t -ea/i!ed by the /i91idato- by 0ay o4 e 4o-$eme t o4 !1$h $ha-3e !ha// be app/ied -ateab/y 4o- the di!$ha-3e o4 0o-Ame ?! d1e! 2 a d "$# !o m1$h o4 the debt d1e to !1$h !e$1-ed $-edito- a! $o1/d ot be -ea/i!ed by him by 5i-t1e o4 the 4o-e3oi 3 p-o5i!io ! o4 thi! p-o5i!o o- the amo1 t o4 the 0o-Ame ?! po-tio i hi! !e$1-ity% 0hi$he5e- i! /e!!% !ha// -a A pa-i pa!!1 0ith the 0o-Ame ?! d1e! 4o- the p1-po!e! o4 !e$tio @:9A. ":# A// pe-!o ! 0ho i a y !1$h $a!e 0o1/d be e tit/ed to p-o5e 4o- a d -e$ei5e di5ide d! o1t o4 the a!!et! o4 the $ompa y% may $ome i 1 de- the 0i di 3 1p% a d maAe !1$h $/aim! a3ai !t the $ompa y a! they -e!pe$ti5e/y a-e e tit/ed to maAe by 5i-t1e o4 thi! !e$tio = P-o5ided that i4 a !e$1-ed $-edito- i !tead o4 -e/i 91i!hi 3 hi! !e$1-ity a d p-o5i 3 4o- hi! debt p-o$eed! to -ea/i!e hi! !e$1-ity% he !ha// be /iab/e to pay hi! po-tio o4 the e,pe !e! i $1--ed by the /i91idato- "i $/1di 3 a p-o5i!io a/
/i91idato-% i4 a y# 4o- the p-e!e-5atio o4 the !e$1-ity be4o-e it! -ea/i!atio by the !e$1-ed $-edito-. E,p/a atio . + Fo- the p1-po!e! o4 thi! p-o5i!o% the po-tio o4 e,pe !e! i $1--ed by the /i91idato- 4o- the p-e!e-5atio o4 a !e$1-ity 0hi$h the !e$1-ed $-edito- !ha// be /iab/e to pay !ha// be the 0ho/e o4 the e,pe !e! /e!! a amo1 t 0hi$h bea-! to !1$h e,pe !e! the !ame p-opo-tio a! the 0o-Ame ?! po-tio i -e/atio to the !e$1-ity bea-! to the 5a/1e o4 the !e$1-ity. "3# Fo- the p1-po!e! o4 thi! !e$tio % !e$tio @:9A a d !e$tio @3(% + "a# .0o-Ame .% i -e/atio to a $ompa y% mea ! the emp/oyee! o4 the $ompa y% bei 3 0o-Ame 0ithi the mea i 3 o4 the I d1!t-ia/ *i!p1te! A$t% &9<> "&< o4 &9<># 2 "b# .0o-Ame ?! d1e!.% i -e/atio to a $ompa y% mea ! the a33-e3ate o4 the 4o//o0i 3 !1m! d1e 4-om the $ompa y to it! 0o-Ame % ame/y = "i# a// 0a3e! o- !a/a-y i $/1di 3 0a3e! payab/e 4o- time o- pie$e 0o-A a d !a/a-y ea- ed 0ho//y o- i pa-t by 0ay o4 $ommi!!io o4 a y 0o-Ama % i -e!pe$t o4 !e-5i$e! -e de-ed to the $ompa y a d a y $ompe !atio payab/e to a y 0o-Ama 1 de- a y o4 the p-o5i!io ! o4 the I d1!t-ia/ *i!p1te! A$t% &9<> "&< o4 &9<># 2
"ii# a// a$$-1ed ho/iday -em1 e-atio be$omi 3 payab/e to a y 0o-Ama % o- i the $a!e o4 hi! death to a y othepe-!o i hi! -i3ht% o the te-mi atio o4 hi! emp/oyme t be4o-e% o- by the e44e$t o4% the 0i di 3 1p o-de- o- -e!o/1tio 2 "iii# 1 /e!! the $ompa y i! bei 3 0o1 d 1p 5o/1 ta-i/y me-e/y 4o- the p1-po!e! o4 -e$o !t-1$tio o- o4 ama/3amatio 0ith a othe- $ompa y% o- 1 /e!! the $ompa y ha!% at the $omme $eme t o4 the 0i di 3 1p% 1 de- !1$h a $o t-a$t 0ith i !1-e-! a! i! me tio ed i !e$tio &< o4 the Wo-Ame ?! Compe !atio A$t% &9:3 "8 o4 &9:3#% -i3ht! $apab/e o4 bei 3 t-a !4e--ed to a d 5e!ted i the 0o-Ama % a// amo1 t! d1e i -e!pe$t o4 a y $ompe !atio o/iabi/ity 4o$ompe !atio 1 de- the !aid A$t i -e!pe$t o4 the death o- di!ab/eme t o4 a y 0o-Ama o4 the $ompa y 2 "i5# a// !1m! d1e to a y 0o-Ama 4-om a p-o5ide t 41 d% a pe !io 41 d% a 3-at1ity 41 d o- a y othe- 41 d 4o- the 0e/4a-e o4 the 0o-Ame % mai tai ed by the $ompa y 2 "$# .0o-Ame ?! po-tio .% i -e/atio to the !e$1-ity o4 a y !e$1-ed $-edito- o4 a $ompa y% mea ! the amo1 t 0hi$h bea-! to the 5a/1e o4 the !e$1-ity the !ame p-opo-tio a! the amo1 t o4 the 0o-Ame ?! d1e! bea-! to the a33-e3ate o4
+ "i# the amo1 t o4 0o-Ame ?! d1e! 2 a d "ii# the amo1 t! o4 the debt! d1e to the !e$1-ed $-edito-!. I//1!t-atio The 5a/1e o4 the !e$1-ity o4 a !e$1-ed $-edito- o4 a $ompa y i! R!. &%((%(((. The tota/ amo1 t o4 the 0o-Ame ?! d1e! i! R!. &%((%(((. The amo1 t o4 the debt! d1e 4-om the $ompa y to it! !e$1-ed $-edito-! i! R!. 3%((%(((. The a33-e3ate o4 the amo1 t o4 0o-Ame ?! d1e! a d o4 the amo1 t! o4 debt! d1e to !e$1-ed $-edito-! i! R!. <%((%(((. The 0o-Ame ?! po-tio o4 the !e$1-ity i!% the-e4o-e% o e+4o1-th o4 the 5a/1e o4 the !e$1-ity% that i! @:9A. OFERRI*IN7 PREFERENTIAC PAGMENTS "&# Not0ith!ta di 3 a ythi 3 $o tai ed i a y othep-o5i!io o4 thi! A$t o- a y othe- /a0 4o- the time bei 3 i 4o-$e% i the 0i di 3 1p o4 a $ompa y + "a# 0o-Ame ?! d1e! 2 a d "b# debt! d1e to !e$1-ed $-edito-! to the e,te t !1$h debt! -a A 1 de- $/a1!e "$# o4 the p-o5i!o to !1b+ !e$tio "&# o4 !e$tio @:9 pa-i pa!!1 0ith !1$h d1e!% !ha// be paid i p-io-ity to a// othe- debt!.
":# The debt! payab/e 1 de- $/a1!e "a# a d $/a1!e "b# o4 !1b+!e$tio "&# !ha// be paid i 41//% 1 /e!! the a!!et! a-e i !144i$ie t to meet them% i 0hi$h $a!e they !ha// abate i e91a/ p-opo-tio !. @3(. PREFERENTIAC PAGMENTS "&# I a 0i di 3 1p% !1b;e$t to the p-o5i!io ! o4 !e$tio @:9A% the-e !ha// be paid i p-io-ity to a// othe- debt! + "a# a// -e5e 1e!% ta,e!% $e!!e! a d -ate! d1e 4-om the $ompa y to the Ce t-a/ o- a State 7o5e- me t o- to a /o$a/ a1tho-ity at the -e/e5a t date a! de4i ed i $/a1!e "$# o4 !1b+!e$tio "8#% a d ha5i 3 be$ome d1e a d payab/e 0ithi the t0e/5e mo th! e,t be4o-e that date 2 "b# a// 0a3e! o- !a/a-y "i $/1di 3 0a3e! payab/e 4otime o- pie$e 0o-A a d !a/a-y ea- ed 0ho//y o- i pa-t by 0ay o4 $ommi!!io # o4 a y emp/oyee% i -e!pe$t o4 !e-5i$e! -e de-ed to the $ompa y a d d1e 4o- a pe-iod ot e,$eedi 3 4o1mo th! 0ithi the t0e/5e mo th! e,t be4o-e the -e/e5a t date% !1b;e$t to the /imit !pe$i4ied i !1b+ !e$tio ":# 2 Pa3e :&< o4 33: "$# a// a$$-1ed ho/iday -em1 e-atio be$omi 3 payab/e to a y emp/oyee% o- i the $a!e o4 hi! death to a y othepe-!o i hi! -i3ht% o the te-mi atio o4 hi! emp/oyme t be4o-e% o- by the e44e$t o4% the 0i di 3 1p o-de- o- -e!o/1tio 2
"d# 1 /e!! the $ompa y i! bei 3 0o1 d 1p 5o/1 ta-i/y me-e/y 4o- the p1-po!e! o4 -e$o !t-1$tio o- o4 ama/3amatio 0ith a othe- $ompa y% a// amo1 t! d1e% i -e!pe$t o4 $o t-ib1tio ! payab/e d1-i 3 the t0e/5e mo th! e,t be4o-e the -e/e5a t date% by the $ompa y a! the emp/oye- o4 a y pe-!o !% 1 de- the Emp/oyee!? State I !1-a $e A$t% &9<8 "3< o4 &9<8#% o- a y othe- /a0 4o- the time bei 3 i 4o-$e 2 "e# 1 /e!! the $ompa y i! bei 3 0o1 d 1p 5o/1 ta-i/y me-e/y 4o- the p1-po!e! o4 -e$o !t-1$tio o- o4 ama/3amatio 0ith a othe- $ompa y% o- 1 /e!! the $ompa y ha!% at the $omme $eme t o4 the 0i di 3 1p% 1 de- !1$h a $o t-a$t 0ith i !1-e-! a! i! me tio ed i !e$tio &< o4 the Wo-Ame ?! Compe !atio A$t% &9:3 "8 o4 &9:3#% -i3ht! $apab/e o4 bei 3 t-a !4e--ed to a d 5e!ted i the 0o-Ama % a// amo1 t! d1e i -e!pe$t o4 a y $ompe !atio o/iabi/ity 4o$ompe !atio 1 de- the !aid A$t i -e!pe$t o4 the death o- di!ab/eme t o4 a y emp/oyee o4 the $ompa y 2 "4# a// !1m! d1e to a y emp/oyee 4-om a p-o5ide t 41 d% a pe !io 41 d% a 3-at1ity 41 d o- a y othe- 41 d 4o- the 0e/4a-e o4 the emp/oyee!% mai tai ed by the $ompa y 2 a d
"3# the e,pe !e! o4 a y i 5e!ti3atio he/d i p1-!1a $e o4 !e$tio :3@ o- :3>% i !o4a- a! they a-e payab/e by the $ompa y. ":# The !1m to 0hi$h p-io-ity i! to be 3i5e 1 de$/a1!e "b# o4 !1b+ !e$tio "&#% !ha// ot% i the $a!e o4 a yo e $/aima t% & [e,$eed !1$h !1m a! may be oti4ied by the Ce t-a/ 7o5e- me t i the O44i$ia/ 7aJette.) "3# Whe-e a y $ompe !atio 1 de- the Wo-Ame ?! Compe !atio A$t% &9:3 "8 o4 &9:3# i! a 0eeA/y payme t% the amo1 t d1e i -e!pe$t the-eo4 !ha//% 4o- the p1-po!e! o4 $/a1!e "e# o4 !1b+!e$tio "&#% be taAe to be the amo1 t o4 the /1mp !1m 4o- 0hi$h the 0eeA/y payme t $o1/d% i4 -edeemab/e% be -edeemed i4 the emp/oye- made a app/i$atio 4othat p1-po!e 1 de- the !aid A$t. "<# Whe-e a y payme t ha! bee made to a y emp/oyee o4 a $ompa y% + "i# o a$$o1 t o4 0a3e! o- !a/a-y 2 o"ii# to him% o- i the $a!e o4 hi! death% to a y othepe-!o i hi! -i3ht% o a$$o1 t o4 a$$-1ed ho/iday -em1 e-atio % o1t o4 mo ey ad5a $ed by !ome pe-!o 4o- that p1-po!e% the pe-!o by 0hom the mo ey 0a! ad5a $ed !ha//% i a
0i di 3 1p% ha5e a -i3ht o4 p-io-ity i -e!pe$t o4 the mo ey !o ad5a $ed a d paid% 1p to the amo1 t by 0hi$h the !1m i -e!pe$t o4 0hi$h the emp/oyee o- othepe-!o i hi! -i3ht% 0o1/d ha5e bee e tit/ed to p-io-ity i the 0i di 3 1p ha! bee dimi i!hed by -ea!o o4 the payme t ha5i 3 bee made. "@# The 4o-e3oi 3 debt! !ha// + "a# -a A e91a//y amo 3 them!e/5e! a d be paid i 41//% 1 /e!! the a!!et! a-e i !144i$ie t to meet them% i 0hi$h $a!e they !ha// abate i e91a/ p-opo-tio ! 2 a d "b# !o 4a- a! the a!!et! o4 the $ompa y a5ai/ab/e 4opayme t o4 3e e-a/ $-edito-! a-e i !144i$ie t to meet them% ha5e p-io-ity o5e- the $/aim! o4 ho/de-! o4 debe t1-e! 1 dea y 4/oati 3 $ha-3e $-eated by the $ompa y% a d be paid a$$o-di 3/y o1t o4 a y p-ope-ty $omp-i!ed i o- !1b;e$t to that $ha-3e. "'# S1b;e$t to the -ete tio o4 !1$h !1m! a! may be e$e!!a-y 4o- the $o!t! a d e,pe !e! o4 the 0i di 3 1p% the 4o-e3oi 3 debt! !ha// be di!$ha-3ed 4o-th0ith !o 4a- a! the a!!et! a-e !144i$ie t to meet them% a d i the $a!e o4 the debt! to 0hi$h p-io-ity i! 3i5e by $/a1!e "d# o4 !1b+ !e$tio "&#% 4o-ma/ p-oo4 the-eo4 !ha// ot be -e91i-ed e,$ept i !o4a- a! may be othe-0i!e p-e!$-ibed.
"># I the e5e t o4 a /a d/o-d o- othepe-!o di!t-ai i 3 o- ha5i 3 di!t-ai ed o a y 3ood! o- e44e$t! o4 the $ompa y 0ithi th-ee mo th! e,t be4o-e the date o4 a 0i di 3 1p o-de-% the debt! to 0hi$h p-io-ity i! 3i5e by thi! !e$tio !ha// be a 4i-!t $ha-3e o the 3ood! o- e44e$t! !o di!t-ai ed o % o- the p-o$eed! o4 the !a/e the-eo4 = P-o5ided that% i -e!pe$t o4 a y mo ey paid 1 de- a y !1$h $ha-3e% the /a d/o-d o- othepe-!o !ha// ha5e the !ame -i3ht! o4 p-io-ity a! the pe-!o to 0hom the payme t i! made. "8# Fo- the p1-po!e! o4 thi! !e$tio + "a# a y -em1 e-atio i -e!pe$t o4 a pe-iod o4 ho/iday o- o4 ab!e $e 4-om 0o-A th-o13h !i$A e!! o- othe3ood $a1!e !ha// be deemed to be 0a3e! i -e!pe$t o4 !e-5i$e! -e de-ed to the $ompa y d1-i 3 that pe-iod 2 "b# the e,p-e!!io .a$$-1ed ho/iday -em1 e-atio . i $/1de!% i -e/atio to a y pe-!o % a// !1m! 0hi$h% by 5i-t1e eitheo4 hi! $o t-a$t o4 emp/oyme t o- o4 a y e a$tme t "i $/1di 3 a y o-demade o- di-e$tio 3i5e 1 de- a y e a$tme t#% a-e payab/e o a$$o1 t o4 the -em1 e-atio 0hi$h 0o1/d% i the o-di a-y $o1-!e% ha5e be$ome payab/e to him i -e!pe$t o4 a pe-iod o4 ho/iday% had hi! emp/oyme t 0ith the $ompa y $o ti 1ed 1 ti/ he be$ame e tit/ed to be a//o0ed
the ho/iday 2 "bb# the e,p-e!!io .emp/oyee. doe! ot i $/1de a 0o-Ama 2 a d "$# the e,p-e!!io .the -e/e5a t date. mea ! + "i# i the $a!e o4 a $ompa y o-de-ed to be 0o1 d 1p $omp1/!o-i/y% the date o4 the appoi tme t "o- 4i-!t appoi tme t# o4 a p-o5i!io a/ /i91idato-% o- i4 o !1$h appoi tme t 0a! made% the date o4 the 0i di 3 1p o-de-% 1 /e!! i eithe- $a!e the $ompa y had $omme $ed to be 0o1 d 1p 5o/1 ta-i/y be4o-e that date 2 a d "ii# i a y $a!e 0he-e !1b+$/a1!e "i# doe! ot app/y% the date o4 the pa!!i 3 o4 the -e!o/1tio 4o- the 5o/1 ta-y 0i di 3 1p o4 the $ompa y. "9# Thi! !e$tio !ha// ot app/y i the $a!e o4 a 0i di 3 1p 0he-e the date -e4e--ed to i !1b+!e$tio "@# o4 !e$tio :3( o4 the I dia Compa ie! A$t% &9&3 "> o4 &9&3# o$$1--ed be4o-e the $omme $eme t o4 thi! A$t% a d i !1$h a $a!e% the p-o5i!io ! -e/ati 3 to p-e4e-e tia/ payme t! 0hi$h 0o1/d ha5e app/ied i4 thi! A$t had ot bee pa!!ed% !ha// be deemed to -emai i 41// 4o-$e. &. S1b!tit1ted 4o- .e,$eed o e tho1!a d -1pee!. by the Compa ie! "Ame dme t# A$t% &99' 0.e.4. &+3+ &99>.
E44e$t o4 0i di 3 1p o a te$ede t a d othet-a !a$tio ! Pa3e :&@ o4 33: @3&. FRAD*DCENT PREFERENCE "&# A y t-a !4e- o4 p-ope-ty% mo5ab/e o- immo5ab/e% de/i5e-y o4 3ood!% payme t% e,e$1tio o- othe- a$t -e/ati 3 to p-ope-ty made% taAe o- do e by o- a3ai !t a $ompa y 0ithi !i, mo th! be4o-e the $omme $eme t o4 it! 0i di 3 1p 0hi$h% had it bee made% taAe o- do e by o- a3ai !t a i di5id1a/ 0ithi th-ee mo th! be4o-e the p-e!e tatio o4 a i !o/5e $y petitio o 0hi$h he i! ad;1d3ed i !o/5e t% 0o1/d be deemed i hi! i !o/5e $y a 4-a1d1/e t p-e4e-e $e% !ha// i the e5e t o4 the $ompa y bei 3 0o1 d 1p% be deemed a 4-a1d1/e t p-e4e-e $e o4 it! $-edito-! a d be i 5a/id a$$o-di 3/y = P-o5ided that% i -e/atio to thi 3! made% taAe odo e be4o-e the $omme $eme t o4 thi! A$t% thi! !1b+ !e$tio !ha// ha5e e44e$t 0ith the !1b!tit1tio % 4o- the -e4e-e $e to !i, mo th!% o4 a -e4e-e $e to th-ee mo th!. ":# Fo- the p1-po!e! o4 !1b+!e$tio "&#% the p-e!e tatio o4 a petitio 4o- 0i di 3 1p i the $a!e o4 a 0i di 3 1p by &
[the T-ib1 a/)% a d the pa!!i 3 o4 a -e!o/1tio 4o0i di 3 1p i the $a!e o4 a 5o/1 ta-y 0i di 3 1p% !ha// be deemed to $o--e!po d to the a$t o4 i !o/5e $y i the $a!e o4 a i di5id1a/. &. S1b!tit1ted 4o- .o- !1b;e$t to the !1pe-5i!io o4 the Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. @3&A. AFOI*ANCE OF FOCDNTARG TRANSFER A y t-a !4e- o4 p-ope-ty% mo5ab/e o- immo5ab/e% oa y de/i5e-y o4 3ood!% made by a $ompa y% ot bei 3 a t-a !4e- ode/i5e-y made i the o-di a-y $o1-!e o4 it! b1!i e!! oi 4a5o1- o4 a p1-$ha!e- o- e $1mb-a $e- i 3ood 4aith a d 4o5a/1ab/e $o !ide-atio % i4 made 0ithi a pe-iod o4 o e yea- be4o-e the p-e!e tatio o4 a petitio 4o- 0i di 3 1p by & [the T-ib1 a/) o- the pa!!i 3 o4 a -e!o/1tio 4o- 5o/1 ta-y 0i di 3 1p o4 the $ompa y% !ha// be 5oid a3ai !t the /i91idato-. &. S1b!tit1ted 4o- .o- !1b;e$t to the !1pe-5i!io o4 the Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. @3:. TRANSFERS FOR BENEFIT OF ACC CRE*ITORS TO BE FOI*
A y t-a !4e- o- a!!i3 me t by a $ompa y o4 a// it! p-ope-ty to t-1!tee! 4o- the be e4it o4 a// it! $-edito-! !ha// be 5oid. @33. CIABICITIES AN* RI78TS OF CERTAIN FRAD*DCENTCG PREFERRE* PERSONS "&# Whe-e% i the $a!e o4 a $ompa y 0hi$h i! bei 3 0o1 d 1p% a ythi 3 made% taAe o- do e a4te- the $omme $eme t o4 thi! A$t i! i 5a/id 1 de- !e$tio @3& a! a 4-a1d1/e t p-e4e-e $e o4 a pe-!o i te-e!ted i p-ope-ty mo-t3a3ed o- $ha-3ed to !e$1-e the $ompa y?! debt% the "0itho1t p-e;1di$e to a y -i3ht! o- /iabi/itie! a-i!i 3 apa-t 4-om thi! p-o5i!io #% the pe-!o p-e4e--ed !ha// be !1b;e$t to the !ame /iabi/itie!% a d !ha// ha5e the !ame -i3ht!% a! i4 he had 1 de-taAe to be pe-!o a//y /iab/e a! !1-ety 4othe debt% to the e,te t o4 the mo-t3a3e o- $ha-3e o the p-ope-ty o- the 5a/1e o4 hi! i te-e!t% 0hi$he5e- i! /e!!. ":# The 5a/1e o4 the !aid pe-!o ?! i te-e!t !ha// be dete-mi ed a! at the date o4 the t-a !a$tio $o !tit1ti 3 the 4-a1d1/e t p-e4e-e $e% a d !ha// be dete-mi ed a! i4 the i te-e!t 0e-e 4-ee o4 a// e $1mb-a $e! othetha tho!e to 0hi$h the mo-t3a3e o- $ha-3e 4o- the $ompa y?! debt 0a! the !1b;e$t. "3# O a y app/i$atio made to the &
[T-ib1 a/) 0ith -e!pe$t to a y payme t o the 3-o1 d that the payme t 0a! a 4-a1d1/e t p-e4e-e $e o4 a !1-ety o- 31a-a to-% the & [T-ib1 a/) !ha// ha5e ;1-i!di$tio to dete-mi e a y 91e!tio ! 0ith -e!pe$t to the payme t a-i!i 3 bet0ee the pe-!o to 0hom the payme t 0a! made a d the !1-ety o31a-a to- a d to 3-a t -e/ie4 i -e!pe$t the-eo4% ot0ith!ta di 3 that it i! ot e$e!!a-y !o to do 4o- the p1-po!e! o4 the 0i di 3 1p% a d 4o- that p1-po!e may 3i5e /ea5e to b-i 3 i the !1-ety o- 31a-a to- a! a thi-d pa-ty a! i the $a!e o4 a !1it 4o- the -e$o5e-y o4 the !1m paid. Thi! !1b+!e$tio !ha// app/y% 0ith the e$e!!a-y modi4i$atio !% i -e/atio to t-a !a$tio ! othetha the payme t o4 mo ey a! it app/ie! i -e/atio to payme t! o4 mo ey. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. @3<. EFFECT OF FCOATIN7 C8AR7E Whe-e a $ompa y i! bei 3 0o1 d 1p% a 4/oati 3 $ha-3e o the 1 de-taAi 3 o- p-ope-ty o4 the $ompa y $-eated 0ithi
the t0e/5e mo th! immediate/y p-e$edi 3 the $omme $eme t o4 the 0i di 3 1p% !ha//% 1 /e!! it i! p-o5ed that the $ompa y immediate/y a4te- the $-eatio o4 the $ha-3e 0a! !o/5e t% be i 5a/id% e,$ept to the amo1 t o4 a y $a!h paid to the $ompa y at the time o4% o- !1b!e91e t/y to the $-eatio o4% a d i $o !ide-atio 4o-% the $ha-3e% to3ethe- 0ith i te-e!t o that amo1 t at the -ate o4 4i5e pe- $e t pea 1m o- !1$h othe- -ate a! may 4o- the time bei 3 be oti4ied by the Ce t-a/ 7o5e- me t i thi! beha/4 i the O44i$ia/ 7aJette = P-o5ided that i -e/atio to a $ha-3e $-eated mo-e tha th-ee mo th! be4o-e the $omme $eme t o4 thi! A$t% thi! !e$tio !ha// ha5e e44e$t 0ith the !1b!tit1tio % 4o-e4e-e $e! to t0e/5e mo th! o4 -e4e-e $e! to th-ee mo th!. @3@. *ISCCAIMER OF ONERODS PROPERTG IN CASE OF A COMPANG W8IC8 IS BEIN7 WODN* DP "&# Whe-e a y pa-t o4 the p-ope-ty o4 a $ompa y 0hi$h i! bei 3 0o1 d 1p $o !i!t! o4 + "a# /a d o4 a y te 1-e% b1-de ed 0ith o e-o1! $o5e a t! 2 "b# !ha-e! o- !to$A i $ompa ie! 2
"$# a y othe- p-ope-ty 0hi$h i! 1 !a/ab/e o- i! ot -eadi/y !a/eab/e% by -ea!o o4 it! bi di 3 the po!!e!!o- the-eo4 eithe- to the pe-4o-ma $e o4 a y o e-o1! a$t o- to the payme t o4 a y !1m o4 mo ey2 o"d# 1 p-o4itab/e $o t-a$t! 2 Pa3e :&' o4 33: the /i91idato- o4 the $ompa y% ot0ith!ta di 3 that he ha! e dea5o1-ed to !e// o- ha! taAe po!!e!!io o4 the p-ope-ty% o- e,e-$i!ed a y a$t o4 o0 e-!hip i -e/atio the-eto% o- do e a ythi 3 i p1-!1a $e o4 the $o t-a$t% may% 0ith the /ea5e o4 the & [T-ib1 a/) a d !1b;e$t to the p-o5i!io ! o4 thi! !e$tio % by 0-iti 3 !i3 ed by him% at a y time 0ithi t0e/5e mo th! a4te- the $omme $eme t o4 the 0i di 3 1p o- !1$h e,te ded pe-iod a! may be a//o0ed by the & [T-ib1 a/)% di!$/aim the p-ope-ty = P-o5ided that% 0he-e a y !1$h p-ope-ty ha! ot $ome to the A o0/ed3e o4 the /i91idato- 0ithi o e mo th a4te- the $omme $eme t o4 the 0i di 3 1p% the po0e- o4 di!$/aimi 3 the p-ope-ty may be e,e-$i!ed at a y time 0ithi t0e/5e mo th! a4te- he ha! be$ome a0a-e the-eo4 o- !1$h e,te ded pe-iod a! may be a//o0ed by the & [T-ib1 a/).
":# The di!$/aime- !ha// ope-ate to dete-mi e% a! 4-om the date o4 di!$/aime-% the -i3ht!% i te-e!t% a d /iabi/itie! o4 the $ompa y% a d the p-ope-ty o4 the $ompa y% i o- i -e!pe$t o4 the p-ope-ty di!$/aimed% b1t !ha// ot% e,$ept !o 4a- a! i! e$e!!a-y 4o- the p1-po!e o4 -e/ea!i 3 the $ompa y a d the p-ope-ty o4 the $ompa y 4-om /iabi/ity% a44e$t the -i3ht! o- /iabi/itie! o4 a y othepe-!o . "3# The & [T-ib1 a/)% be4o-e o- o 3-a ti 3 /ea5e to di!$/aim% may -e91i-e !1$h oti$e! to be 3i5e to pe-!o ! i te-e!ted% a d impo!e !1$h te-m! a! a $o ditio o4 3-a ti 3 /ea5e% a d maAe !1$h othe- o-de- i the matte- a! the & [T-ib1 a/) thi A! ;1!t. "<# The /i91idato- !ha// ot be e tit/ed to di!$/aim a y p-ope-ty i a y $a!e 0he-e a app/i$atio i 0-iti 3 ha! bee made to him by a y pe-!o i te-e!ted i the p-ope-ty -e91i-i 3 him to de$ide 0hethe- he 0i// o- 0i// ot di!$/aim% a d the /i91idato- ha! ot% 0ithi a pe-iod o4 t0e ty+ei3ht day! a4te- the -e$eipt o4 the app/i$atio o- !1$h e,te ded pe-iod a! may be a//o0ed by the &
[T-ib1 a/)% 3i5e oti$e to the app/i$a t that he i te d! to app/y to the & [T-ib1 a/) 4o- /ea5e to di!$/aim 2 a d i $a!e the p-ope-ty i! a $o t-a$t% i4 the /i91idato-% a4te- !1$h a app/i$atio a! a4o-e!aid% doe! ot 0ithi the !aid pe-iod o- e,te ded pe-iod di!$/aim the $o t-a$t% he !ha// be deemed to ha5e adopted it. "@# The & [T-ib1 a/) may% o the app/i$atio o4 a y pe-!o 0ho i!% a! a3ai !t the /i91idato-% e tit/ed to the be e4it o!1b;e$t to the b1-de o4 a $o t-a$t made 0ith the $ompa y% maAe a o-de- -e!$i di 3 the $o t-a$t o !1$h te-m! a! to payme t by o- to eithepa-ty o4 dama3e! 4o- the o + pe-4o-ma $e o4 the $o t-a$t% o- othe-0i!e a! the & [T-ib1 a/) thi A! ;1!t 2 a d a y dama3e! payab/e 1 de- the o-deto a y !1$h pe-!o may be p-o5ed by him a! a debt i the 0i di 3 1p. "'# The & [T-ib1 a/) may% o a app/i$atio by a y pe-!o 0ho eithe- $/aim! a y i te-e!t i a y di!$/aimed p-ope-ty oi! 1 de- a y /iabi/ity ot di!$ha-3ed by thi! A$t i -e!pe$t o4 a y di!$/aimed p-ope-ty% a d a4te- hea-i 3 a y !1$h
pe-!o ! a! it thi A! 4it% maAe a o-de- 4o- the 5e!ti 3 o4 the p-ope-ty i % o- the de/i5e-y o4 the p-ope-ty to% a y pe-!o e tit/ed the-eto o- to 0hom it may !eem ;1!t that the p-ope-ty !ho1/d be de/i5e-ed by 0ay o4 $ompe !atio 4o- !1$h /iabi/ity a! a4o-e!aid% o- a t-1!tee 4o- him% a d o !1$h te-m! a! the & [T-ib1 a/) thi A! ;1!t 2 a d o a y !1$h 5e!ti 3 o-de- bei 3 made% the p-ope-ty $omp-i!ed the-ei !ha// 5e!t a$$o-di 3/y i the pe-!o the-ei amed i that beha/4 0itho1t a y $o 5eya $e o- a!!i3 me t 4o- the p1-po!e = P-o5ided that% 0he-e the p-ope-ty di!$/aimed i! o4 a /ea!eho/d at1-e% the & [T-ib1 a/) !ha// ot maAe a 5e!ti 3 o-de- i 4a5o1- o4 a y pe-!o $/aimi 3 1 de- the $ompa y% 0hethe- a! 1 de-+/e!!ee o- a! mo-t3a3ee o- ho/de- o4 a $ha-3e by 0ay o4 demi!e% e,$ept 1po the te-m! o4 maAi 3 that pe-!o + "a# !1b;e$t to the !ame /iabi/itie! a d ob/i3atio ! a! tho!e to 0hi$h the $ompa y 0a! !1b;e$t 1 de- the /ea!e i -e!pe$t o4 the p-ope-ty at the $omme $eme t o4 the 0i di 3 1p 2 o"b# i4 the &
[T-ib1 a/) thi A! 4it% !1b;e$t o /y to the !ame /iabi/itie! a d ob/i3atio ! a! i4 the /ea!e had bee a!!i3 ed to that pe-!o at that date 2 a d i eithe- e5e t "i4 the $a!e !o -e91i-e!# a! i4 the /ea!e had $omp-i!ed o /y the p-ope-ty $omp-i!ed i the 5e!ti 3 o-de- 2 a d a y mo-t3a3ee o- 1 de-+/e!!ee de$/i i 3 to a$$ept a 5e!ti 3 o-de- 1po !1$h te-m! !ha// be e,$/1ded 4-om a// i te-e!t i a d !e$1-ity 1po the p-ope-ty% a d% i4 the-e i! o pe-!o $/aimi 3 1 de- the $ompa y 0ho i! 0i//i 3 to a$$ept a o-de- 1po !1$h te-m!% the & [T-ib1 a/) !ha// ha5e po0e- to 5e!t the e!tate a d i te-e!t o4 the $ompa y i the p-ope-ty i a y pe-!o /iab/e% eithe- pe-!o a//y oi a -ep-e!e tati5e $ha-a$te-% a d eithe- a/o e o;oi t/y 0ith the $ompa y% to pe-4o-m the /e!!ee?! $o5e a t! i the /ea!e% 4-eed a d di!$ha-3ed 4-om a// e!tate!% e $1mb-a $e! a d i te-e!t! $-eated the-ei by the $ompa y. "># A y pe-!o i ;1-ed by the ope-atio o4 a di!$/aime1 dethi! !e$tio !ha// be deemed to be a $-edito- o4 the $ompa y to the amo1 t o4 the $ompe !atio odama3e! payab/e i -e!pe$t o4 the i ;1-y% a d may a$$o-di 3/y p-o5e the amo1 t a! a debt i the 0i di 3 1p.
&. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. @3'. AFOI*ANCE OF TRANSFERS% ETC.% AFTER COMMENCEMENT OF WIN*IN7 DP "&# I the $a!e o4 a 5o/1 ta-y 0i di 3 1p% a y t-a !4eo4 !ha-e! i the $ompa y% ot bei 3 a t-a !4e- made to o- 0ith the !a $tio o4 the /i91idato-% a d a y a/te-atio i the !tat1! o4 the membe-! o4 the $ompa y% made a4te- the $omme $eme t o4 the 0i di 3 1p% !ha// be 5oid. ":# I the $a!e o4 a 0i di 3 1p by & [the T-ib1 a/)% a y di!po!itio o4 the p-ope-ty "i $/1di 3 a$tio ab/e $/aim!# o4 the $ompa y% a d a y t-a !4e- o4 !ha-e! i the $ompa y o- a/te-atio i the !tat1! o4 it! membe-!% made a4tethe $omme $eme t o4 the 0i di 3 1p% !ha//% 1 /e!! the : [T-ib1 a/) othe-0i!e o-de-!% be 5oid. &. S1b!tit1ted 4o- .o- !1b;e$t to the !1pe-5i!io o4 the Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .$o1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. &
[@3>. AFOI*ANCE OF CERTAIN ATTAC8MENTS% EKECDTIONS% ETC.% IN WIN*IN7 DP BG TRIBDNAC Pa3e :&> o4 33: "&# Whe-e a y $ompa y i! bei 3 0o1 d 1p by the T-ib1 a/ + "a# a y atta$hme t% di!t-e!! o- e,e$1tio p1t i 4o-$e% 0itho1t /ea5e o4 the T-ib1 a/ a3ai !t the e!tate oe44e$t! o4 the $ompa y% a4te- the $omme $eme t o4 the 0i di 3 1p 2 o"b# a y !a/e he/d% 0itho1t /ea5e o4 the T-ib1 a/ o4 a y o4 the p-ope-tie! o- e44e$t! o4 the $ompa y a4te- !1$h $omme $eme t 2 !ha// be 5oid. ":# Nothi 3 i thi! !e$tio app/ie! to a y p-o$eedi 3! 4o- the -e$o5e-y o4 a y ta, o- impo!t o- a y d1e! payab/e to the 7o5e- me t.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio % !e$tio @3> -ead a! 1 de- = .@3>. A5oida $e o4 $e-tai atta$hme t!% e,e$1tio !% et$.% i 0i di 3 1p by% o- !1b;e$t to !1pe-5i!io o4% Co1-t. + "&# Whe-e a y $ompa y i! bei 3 0o1 d by o- !1b;e$t to the !1pe-5i!io o4 the Co1-t+ "a# a y atta$hme t% di!t-e!! o- e,e$1tio p1t i 4o-$e% 0itho1t /ea5e o4 the Co1-t% a3ai !t the e!tate o-
e44e$t! o4 the $ompa y% a4te- the $omme $eme t o4 the 0i di 3 1p 2 o"b# a y !a/e he/d% 0itho1t /ea5e o4 the Co1-t% o4 a y o4 the p-ope-tie! o- e44e$t! o4 the $ompa y a4te!1$h $omme $eme t 2 !ha// be 5oid. ":# Nothi 3 i thi! !e$tio app/ie! to a y p-o$eedi 3! 4o- the -e$o5e-y o4 a y ta, o- impo!t o- a y d1e! payab/e to the 7o5e- me t..
O44e $e! a te$ede t to o- i $o1-!e o4 0i di 3 1p @38. OFFENCES BG OFFICERS OF COMPANIES IN CIHDI*ATION "&# I4 a y pe-!o % bei 3 a pa!t o- p-e!e t o44i$e- o4 a $ompa y 0hi$h% at the time o4 the $ommi!!io o4 the a//e3ed o44e $e% i! bei 3 0o1 d 1p% 0hethe- by & [the T-ib1 a/) o- 5o/1 ta-i/y% o- 0hi$h i! !1b!e91e t/y o-de-ed to be 0o1 d 1p by the : [T-ib1 a/) o- 0hi$h !1b!e91e t/y pa!!e! a -e!o/1tio 4o- 5o/1 ta-y 0i di 3 1p% +
"a# doe! ot% to the be!t o4 hi! A o0/ed3e a d be/ie4% 41//y a d t-1/y di!$o5e- to the /i91idato- a// the p-ope-ty% mo5ab/e a d immo5ab/e% o4 the $ompa y% a d ho0 a d to 0hom a d 4o- 0hat $o !ide-atio a d 0he the $ompa y di!po!ed o4 a y pa-t the-eo4% e,$ept !1$h pa-t a! ha! bee di!po!ed o4 i the o-di a-y $o1-!e o4 the b1!i e!! o4 the $ompa y 2 "b# doe! ot de/i5e- 1p to the /i91idato-% o- a! he di-e$t!% a// !1$h pa-t o4 the mo5ab/e a d immo5ab/e p-ope-ty o4 the $ompa y a! i! i hi! $1!tody o- 1 de- hi! $o t-o/% a d 0hi$h he i! -e91i-ed by /a0 to de/i5e- 1p 2 "$# doe! ot de/i5e- 1p to the /i91idato-% o- a! he di-e$t!% a// !1$h booA! a d pape-! o4 the $ompa y a! a-e i hi! $1!tody o- 1 de- hi! $o t-o/ a d 0hi$h he i! -e91i-ed by /a0 to de/i5e- 1p 2 "d# 0ithi the t0e/5e mo th! e,t be4o-e the $omme $eme t o4 the 0i di 3 1p o- at a y time the-ea4te-% $o $ea/! a y pa-t o4 the p-ope-ty o4 the $ompa y to the 5a/1e o4 o e h1 d-ed -1pee! o- 1p0a-d!% o- $o $ea/! a y debt d1e to o4-om the $ompa y 2 "e# 0ithi the t0e/5e mo th! e,t be4o-e the $omme $eme t o4 the 0i di 3 1p o- at a y time the-ea4te-% 4-a1d1/e t/y -emo5e! a y pa-t o4 the p-ope-ty o4 the $ompa y to the 5a/1e o4 o e h1 d-ed -1pee! o- 1p0a-d! 2
"4# maAe! a y mate-ia/ omi!!io i a y !tateme t -e/ati 3 to the a44ai-! o4 the $ompa y 2 "3# A o0i 3 o- be/ie5i 3 that a 4a/!e debt ha! bee p-o5ed by a y pe-!o 1 de- the 0i di 3 1p% 4ai/! 4o- a pe-iod o4 o e mo th to i 4o-m the /i91idato- the-eo4 2 "h# a4te- the $omme $eme t o4 the 0i di 3 1p% p-e5e t! the p-od1$tio o4 a y booA o- pape- a44e$ti 3 o- -e/ati 3 to the p-ope-ty o- a44ai-! o4 the $ompa y 2 "i# 0ithi the t0e/5e mo th! e,t be4o-e the $omme $eme t o4 the 0i di 3 1p o- at a y time the-ea4te-% $o $ea/!% de!t-oy!% m1ti/ate! o- 4a/!i4ie!% o- i! p-i5y to the $o $ea/me t% de!t-1$tio % m1ti/atio o- 4a/!i4i$atio o4% a y booA opape- a44e$ti 3 o- -e/ati 3 to% the p-ope-ty o- a44ai-! o4 the $ompa y 2 ";# 0ithi the t0e/5e mo th! e,t be4o-e the $omme $eme t o4 the 0i di 3 1p o- at a y time the-ea4te- maAe!% o- i! p-i5y to the maAi 3 o4% a y 4a/!e e t-y i a y booA opape- a44e$ti 3 o- -e/ati 3 to the p-ope-ty o- a44ai-! o4 the $ompa y 2 "A# 0ithi the t0e/5e mo th! e,t be4o-e the $omme $eme t o4 the 0i di 3 1p o- at a y time the-ea4te-% 4-a1d1/e t/y pa-t! 0ith% a/te-! o- maAe! a y omi!!io i % o- i! p-i5y to the 4-a1d1/e t pa-ti 3 0ith% a/te-i 3 o- maAi 3 o4 a y omi!!io
i % a y booA o- pape- a44e$ti 3 o- -e/ati 3 to the p-ope-ty o- a44ai-! o4 the $ompa y 2 "/# a4te- the $omme $eme t o4 the 0i di 3 1p o- at a y meeti 3 o4 the $-edito-! o4 the $ompa y 0ithi the t0e/5e mo th! e,t be4o-e the $omme $eme t o4 the 0i di 3 1p% attempt! to a$$o1 t 4o- a y pa-t o4 the p-ope-ty o4 the $ompa y by 4i$titio1! /o!!e! o- e,pe !e! 2 "m# 0ithi the t0e/5e mo th! e,t be4o-e the $omme $eme t o4 the 0i di 3 1p o- at a y time the-ea4te-% by a y 4a/!e -ep-e!e tatio o- othe- 4-a1d% obtai ! o $-edit% 4o- oo beha/4 o4 the $ompa y% a y p-ope-ty 0hi$h the $ompa y doe! ot !1b!e91e t/y pay 4o- 2 " # 0ithi the t0e/5e mo th! e,t be4o-e the $omme $eme t o4 the 0i di 3 1p o- at a y time the-ea4te-% 1 de- the 4a/!e p-ete $e that the $ompa y i! $a--yi 3 o it! b1!i e!!% obtai ! o $-edit% 4o- o- o beha/4 o4 the $ompa y% a y p-ope-ty 0hi$h the $ompa y doe! ot !1b!e91e t/y pay 4o- 2 Pa3e :&8 o4 33: "o# 0ithi the t0e/5e mo th! e,t be4o-e the $omme $eme t o4 the 0i di 3 1p o- at a y time the-ea4te-% pa0 !% p/ed3e! o- di!po!e! o4 a y p-ope-ty o4 the $ompa y 0hi$h ha! bee obtai ed o $-edit a d ha! ot bee paid 4o-%
1 /e!! !1$h pa0 i 3% p/ed3i 3 o- di!po!i 3 i! i the o-di a-y $o1-!e o4 the b1!i e!! o4 the $ompa y 2 o"p# i! 31i/ty o4 a y 4a/!e -ep-e!e tatio o- othe- 4-a1d 4o- the p1-po!e o4 obtai i 3 the $o !e t o4 the $-edito-! o4 the $ompa y o- a y o4 them% to a a3-eeme t 0ith -e4e-e $e to the a44ai-! o4 the $ompa y o- to the 0i di 3 1p 2 he !ha// be p1 i!hab/e% i the $a!e o4 a y o4 the o44e $e! me tio ed i $/a1!e! "m#% " # a d "o#% 0ith imp-i!o me t 4oa te-m 0hi$h may e,te d to 4i5e yea-!% o- 0ith 4i e% o0ith both% a d% i the $a!e o4 a y othe- o44e $e% 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to t0o yea-!% o- 0ith 4i e% o- 0ith both = P-o5ided that it !ha// be a 3ood de4e $e + "i# to a $ha-3e 1 de- a y o4 the $/a1!e! "b#% "$#% "d#% "4#% " # a d "o#% i4 the a$$1!ed p-o5e! that he had o i te t to de4-a1d 2 a d "ii# to a $ha-3e 1 de- a y o4 the $/a1!e! "a#% "h#% "i# a d ";#% i4 he p-o5e! that he had o i te t to $o $ea/ the t-1e !tate o4 a44ai-! o4 the $ompa y o- to de4eat the /a0. ":# Whe-e a y pe-!o pa0 !% p/ed3e! o- di!po!e! o4 a y p-ope-ty i $i-$1m!ta $e! 0hi$h amo1 t to a o44e $e 1 de$/a1!e "o# o4 !1b+ !e$tio "&#% e5e-y pe-!o 0ho taAe! i pa0 o- p/ed3e o- othe-0i!e -e$ei5e! the p-ope-ty% A o0i 3 it
to be pa0 ed% p/ed3ed% o- di!po!ed o4 i !1$h $i-$1m!ta $e! a! a4o-e!aid% !ha// be p1 i!hab/e 0ith imp-i!o me t 4oa te-m 0hi$h may e,te d to th-ee yea-!% o- 0ith 4i e% o- 0ith both. "3# Fo- the p1-po!e! o4 thi! !e$tio % the e,p-e!!io .o44i$e-. !ha// i $/1de a y pe-!o i a$$o-da $e 0ith 0ho!e di-e$tio ! o- i !t-1$tio ! the di-e$to-! o4 the $ompa y ha5e bee a$$1!tomed to a$t. &. S1b!tit1ted 4o- .o- !1b;e$t to the !1pe-5i!io o4 the Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. @39. PENACTG FOR FACSIFICATION OF BOO6S I4 0ith i te t to de4-a1d o- de$ei5e a y pe-!o % a y o44i$e- o- $o t-ib1to-y o4 a $ompa y 0hi$h i! bei 3 0o1 d 1p + "a# de!t-oy!% m1ti/ate!% a/te-!% 4a/!i4ie! o- !e$-et!% o- i! p-i5y to the de!t-1$tio % m1ti/atio % a/te-atio % 4a/!i4i$atio o!e$-eti 3 o4% a y booA!% pape-! o- !e$1-itie! 2 o"b# maAe!% o- i! p-i5y to the maAi 3 o4% a y 4a/!e o4-a1d1/e t e t-y i a y -e3i!te-% booA! o4 a$$o1 t odo$1me t be/o 3i 3 to the $ompa y 2
he !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to !e5e yea-!% a d !ha// a/!o be /iab/e to 4i e. @<(. PENACTG FOR FRAD*S BG OFFICERS I4 a y pe-!o % bei 3 at the time o4 the $ommi!!io o4 the a//e3ed o44e $e a o44i$e- o4 a $ompa y 0hi$h i! !1b!e91e t/y o-de-ed to be 0o1 d 1p by the & [T-ib1 a/) o- 0hi$h !1b!e91e t/y pa!!e! a -e!o/1tio 4o- 5o/1 ta-y 0i di 3 1p% + "a# ha!% by 4a/!e p-ete $e! o- by mea ! o4 a y othe4-a1d i d1$ed a y pe-!o to 3i5e $-edit to the $ompa y 2 o"b# 0ith i te t to de4-a1d $-edito-! o4 the $ompa y% ha! made o- $a1!ed to be made a y 3i4t o- t-a !4e- o4 o$ha-3e o % o- ha! $a1!ed o- $o i5ed at the /e5yi 3 o4 a y e,e$1tio a3ai !t% the p-ope-ty o4 the $ompa y 2 o"$# 0ith i te t to de4-a1d $-edito-! o4 the $ompa y% ha! $o $ea/ed o- -emo5ed a y pa-t o4 the p-ope-ty o4 the $ompa y !i $e the date o4 a y 1 !ati!4ied ;1d3me t o- o-de- 4opayme t o4 mo ey obtai ed a3ai !t the $ompa y% o0ithi t0o mo th! be4o-e that date 2 he !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to t0o yea-! a d !ha// a/!o be /iab/e to 4i e.
&. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. @<&. CIABICITG W8ERE PROPER ACCODNTS NOT 6EPT "&# Whe-e a $ompa y i! bei 3 0o1 d 1p% i4 it i! !ho0 that p-ope- booA! o4 a$$o1 t 0e-e ot Aept by the $ompa y th-o13ho1t the pe-iod o4 t0o yea-! immediate/y p-e$edi 3 the $omme $eme t o4 the 0i di 3 1p% othe pe-iod bet0ee the i $o-po-atio o4 the $ompa y a d the $omme $eme t o4 the 0i di 3 1p% 0hi$he5e- i! !ho-te-% e5e-y o44i$e- o4 the $ompa y 0ho i! i de4a1/t !ha//% 1 /e!! he !ho0! that he a$ted ho e!t/y a d that i the $i-$1m!ta $e! i 0hi$h the b1!i e!! o4 the $ompa y 0a! $a--ied o % the de4a1/t 0a! e,$1!ab/e% be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to o e yea-. ":# Fo- the p1-po!e! o4 !1b+!e$tio "&#% it !ha// be deemed that p-ope- booA! o4 a$$o1 t ha5e ot bee Aept i the $a!e o4 a y $ompa y% i4 the-e ha5e ot bee Aept + "a# !1$h booA! o- a$$o1 t! a! a-e e$e!!a-y to e,hibit a d e,p/ai the t-a !a$tio ! a d 4i a $ia/ po!itio o4 the b1!i e!! o4 the $ompa y% i $/1di 3 booA! $o tai i 3 e t-ie! made 4-om day+to+day i !144i$ie t detai/ o4 a// $a!h
-e$ei5ed a d a// $a!h paid 2 a d "b# 0he-e the b1!i e!! o4 the $ompa y ha! i 5o/5ed dea/i 3! i 3ood!% !tateme t! o4 the a 1a/ !to$A taAi 3! a d "e,$ept i the $a!e o4 3ood! !o/d by 0ay o4 o-di a-y -etai/ t-ade# o4 a// 3ood! !o/d a d p1-$ha!ed% !ho0i 3 the 3ood! a d the b1ye-! a d the !e//e-! the-eo4 i !144i$ie t detai/ to e ab/e tho!e 3ood! a d tho!e b1ye-! a d !e//e-! to be ide ti4ied. @<:. CIABICITG FOR FRAD*DCENT CON*DCT OF BDSINESS Pa3e :&9 o4 33: "&# I4 i the $o1-!e o4 the 0i di 3 1p o4 a $ompa y% it appea-! that a y b1!i e!! o4 the $ompa y ha! bee $a--ied o % 0ith i te t to de4-a1d $-edito-! o4 the $ompa y o- a y othepe-!o !% o- 4o- a y 4-a1d1/e t p1-po!e% the & [T-ib1 a/)% o the app/i$atio o4 the O44i$ia/ Ci91idato-% o- the /i91idato- o- a y $-edito- o- $o t-ib1to-y o4 the $ompa y% may% i4 it thi A! it p-ope- !o to do% de$/a-e that a y pe-!o ! 0ho 0e-e A o0i 3/y pa-tie! to the $a--yi 3 o o4 the b1!i e!! i the ma e- a4o-e!aid !ha// be pe-!o a//y -e!po !ib/e% 0itho1t a y /imitatio o4 /iabi/ity% 4o- a// o- a y o4 the debt! o- othe/iabi/itie! o4 the $ompa y a! the
& [T-ib1 a/) may di-e$t. O the hea-i 3 o4 a app/i$atio 1 dethi! !1b+ !e$tio % the O44i$ia/ Ci91idato- o- the /i91idato-% a! the $a!e may be% may him!e/4 3i5e e5ide $e o- $a// 0it e!!e!. ":# "a# Whe-e the & [T-ib1 a/) maAe! a y !1$h de$/a-atio % it may 3i5e !1$h 41-the- di-e$tio ! a! it thi A! p-ope- 4o- the p1-po!e o4 3i5i 3 e44e$t to that de$/a-atio . "b# I pa-ti$1/a-% the & [T-ib1 a/) may maAe p-o5i!io 4o- maAi 3 the /iabi/ity o4 a y !1$h pe-!o 1 de- the de$/a-atio a $ha-3e o a y debt o- ob/i3atio d1e 4-om the $ompa y to him% o- o a y mo-t3a3e o- $ha-3e o- a y i te-e!t i a y mo-t3a3e o- $ha-3e o a y a!!et! o4 the $ompa y he/d by o- 5e!ted i him% o- a y pe-!o o hi! beha/4% o- a y pe-!o $/aimi 3 a! a!!i3 ee 4-om o- th-o13h the pe-!o /iab/e o- a y pe-!o a$ti 3 o hi! beha/4. "$# The & [T-ib1 a/) may% 4-om time to time% maAe !1$h 41-theo-de- a! may be e$e!!a-y 4o- the p1-po!e o4 e 4o-$i 3 a y $ha-3e impo!ed 1 dethi! !1b+!e$tio .
"d# Fo- the p1-po!e o4 thi! !1b+!e$tio % the e,p-e!!io .a!!i3 ee. i $/1de! a y pe-!o to 0hom o- i 0ho!e 4a5o1-% by the di-e$tio ! o4 the pe-!o /iab/e% the debt% ob/i3atio % mo-t3a3e o- $ha-3e 0a! $-eated% i!!1ed o- t-a !4e--ed o- the i te-e!t 0a! $-eated% b1t doe! ot i $/1de a a!!i3 ee 4o- 5a/1ab/e $o !ide-atio " ot i $/1di 3 $o !ide-atio by 0ay o4 ma--ia3e# 3i5e i 3ood 4aith a d 0itho1t oti$e o4 a y o4 the matte-! o the 3-o1 d o4 0hi$h the de$/a-atio i! made. "3# Whe-e a y b1!i e!! o4 a $ompa y i! $a--ied o 0ith !1$h i te t o- 4o- !1$h p1-po!e a! i! me tio ed i !1b+ !e$tio "&#% e5e-y pe-!o 0ho 0a! A o0i 3/y a pa-ty to the $a--yi 3 o o4 the b1!i e!! i the ma ea4o-e!aid% !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to t0o yea-!% o- 0ith 4i e 0hi$h may e,te d to : [4i4ty) tho1!a d -1pee!% o- 0ith both. "<# Thi! !e$tio !ha// app/y% ot0ith!ta di 3 that the pe-!o $o $e- ed may be $-imi a//y /iab/e i -e!pe$t o4 the matte-! o the 3-o1 d o4 0hi$h the de$/a-atio i! to be made.
&. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .4i5e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. & [@<3. POWER OF TRIBDNAC TO ASSESS *AMA7ES A7AINST *ECINHDENT *IRECTORS% ETC "&# I4 i the $o1-!e o4 0i di 3 1p o4 a $ompa y% it appea-! that a y pe-!o 0ho ha! taAe pa-t i the p-omotio o4o-matio o4 the $ompa y% o- a y pa!t o- p-e!e t di-e$to-% ma a3e-% /i91idato- o- o44i$e- o4 the $ompa y + "a# ha! mi!app/ied% o- -etai ed% o- be$ome /iab/e oa$$o1 tab/e 4o-% a y mo ey o- p-ope-ty o4 the $ompa y 2 o"b# ha! bee 31i/ty o4 a y mi!4ea!a $e o- b-ea$h o4 t-1!t i -e/atio to the $ompa y% the T-ib1 a/ may% o the app/i$atio o4 the O44i$ia/ Ci91idato-% o- the /i91idato-% o- o4 a y $-edito- o$o t-ib1to-y% made 0ithi the time !pe$i4ied i that beha/4 i !1b+!e$tio ":#% e,ami e i to the $o d1$t o4 the pe-!o % di-e$to-% ma a3e-% /i91idato- o- o44i$e- a4o-e!aid% a d $ompe/ him to -epay o- -e!to-e the mo ey o- p-ope-ty o- a y pa-t the-eo4
-e!pe$ti5e/y% 0ith i te-e!t at !1$h -ate a! the T-ib1 a/ thi A! ;1!t% o- to $o t-ib1te !1$h !1m to the a!!et! o4 the $ompa y by 0ay o4 $ompe !atio i -e!pe$t o4 the mi!app/i$atio % -etai e-% mi!4ea!a $e o- b-ea$h o4 t-1!t% a! the T-ib1 a/ thi A! ;1!t. ":# A app/i$atio 1 de- !1b+!e$tio "&# !ha// be made 0ithi 4i5e yea-! 4-om the date o4 the o-de- 4o- 0i di 3 1p% o- o4 the 4i-!t appoi tme t o4 the /i91idato- i the 0i di 3 1p% o- o4 the mi!app/i$atio % -etai e-% mi!4ea!a $e ob-ea$h o4 t-1!t a! the $a!e may be% 0hi$he5e- i! /o 3e-. "3# Thi! !e$tio !ha// app/y ot0ith!ta di 3 that the matte- i! o e 4o- 0hi$h the pe-!o $o $e- ed may be $-imi a//y /iab/e.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio !e$tio @<3 -ead a! 1 de- = .@<3. Po0e- o4 Co1-t to a!!e!! dama3e! a3ai !t de/i 91e t di-e$to-!% et$. + "&# I4 i the $o1-!e o4 0i di 3 1p a $ompa y% it appea-! that a y pe-!o 0ho ha! taAe pa-t i the p-omotio o- 4o-matio o4 the $ompa y% oa y pa!t o- p-e!e t di-e$to-% ma a3e-% /i91idato- o- o44i$eo4 the $ompa y +
"a# ha! mi!app/ied% o- -etai ed% o- be$ome /iab/e oa$$o1 tab/e 4o-% a y mo ey o- p-ope-ty o4 the $ompa y 2 o"b# ha! bee 31i/ty o4 a y mi!4ea!a $e o- b-ea$h o4 t-1!t i -e/atio to the $ompa y 2 the Co1-t may% o the app/i$atio o4 the O44i$ia/ Ci91idato-% o- the /i91idato-% o- o4 a y $-edito- o$o t-ib1to-y% made 0ithi the time !pe$i4ied i that beha/4 i !1b+ !e$tio ":#% e,ami e i to the $o d1$t o4 the pe-!o % di-e$to-% ma a3e-% /i91idato- o- o44i$e- a4o-e!aid% a d $ompe/ him to -epay o- -e!to-e the mo ey o- p-ope-ty o- a y pa-t the-eo4 -e!pe$ti5e/y% 0ith i te-e!t at !1$h -ate a! the Co1-t thi A! ;1!t% o- to $o t-ib1te !1$h !1m to the a!!et! o4 the $ompa y by 0ay o4 $ompe !atio i -e!pe$t o4 the mi!app/i$atio % -etai e-% mi!4ea!a $e o- b-ea$h o4 t-1!t% a! the Co1-t thi A! ;1!t. ":# A app/i$atio 1 de- !1b+!e$tio "&# !ha// be made 0ithi 4i5e yea-! 4-om the date o4 the o-de- 4o- 0i di 3 1p% o- o4 the 4i-!t appoi tme t o4 the /i91idato- i the 0i di 3 1p% o- o4 the mi!app/i$atio % -etai e-% mi!4ea!a $e o- b-ea$h o4 t-1!t% a! the $a!e may be% 0hi$he5e- i! /o 3e-. Pa3e ::( o4 33: "3# Thi! !e$tio !ha// app/y ot0ith!ta di 3 that the matte- i! o e 4o- 0hi$h the pe-!o $o $e- ed may be $-imi a//y /iab/e. .
@<<. CIABICITG DN*ER SECTIONS @<: AN* @<3 TO EKTEN* TO PARTNERS OR *IRECTORS IN FIRM OR COMPANG Whe-e a de$/a-atio 1 de- !e$tio @<: o- a o-de1 de- !e$tio @<3 i! o- may be made i -e!pe$t o4 a 4i-m o- body $o-po-ate% the & [T-ib1 a/) !ha// a/!o ha5e po0e- to maAe a de$/a-atio 1 de- !e$tio @<:% o- pa!! a o-de- 1 de!e$tio @<3% a! the $a!e may be% i -e!pe$t o4 a y pe-!o 0ho 0a! at the -e/e5a t time a pa-t e- i that 4i-m o- a di-e$to- o4 that body $o-po-ate. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. @<@. PROSECDTION OF *ECINHDENT OFFICERS AN* MEMBERS OF COMPANG "&# I4 it appea-! to the Co1-t i the $o1-!e o4 a 0i di 3 1p by% : [the T-ib1 a/)% that a y pa!t o- p-e!e t o44i$e-% o- a y membe-% o4 the $ompa y ha! bee 31i/ty o4 a y o44e $e i -e/atio to the $ompa y% the & [T-ib1 a/) may% eithe- o the
app/i$atio o4 a y pe-!o i te-e!ted i the 0i di 3 1p o- o4 it! o0 motio % di-e$t the /i91idato- eithe- him!e/4 to p-o!e$1te the o44e de- o- to -e4e- the matte- to the Re3i!t-a-. ":# I4 it appea-! to the /i91idato- i the $o1-!e o4 a 5o/1 ta-y 0i di 3 1p that a y pa!t o- p-e!e t o44i$e-% o- a y membe-% o4 the $ompa y ha! bee 31i/ty o4 a y o44e $e i -e/atio to the $ompa y% he !ha// 4o-th0ith -epo-t the matteto the Re3i!t-a- a d !ha// 41- i!h to him !1$h i 4o-matio a d 3i5e to him !1$h a$$e!! to a d 4a$i/itie! 4o- i !pe$ti 3 a d taAi 3 $opie! o4 a y booA! a d pape-!% bei 3 i 4o-matio o- booA! a d pape-! i the po!!e!!io o1 de- the $o t-o/ o4 the /i91idato- a d -e/ati 3 to the matte- i 91e!tio % a! the Re3i!t-a- may -e91i-e. "3# Whe-e a y -epo-t i! made 1 de- !1b+!e$tio ":# to the Re3i!t-a-% he may% i4 he thi A! 4it% -e4e- the matteto the Ce t-a/ 7o5e- me t 4o- 41-the- i 91i-y. The Ce t-a/ 7o5e- me t !ha// the-e1po i 5e!ti3ate the matte- a d may% i4 it thi A! it e,pedie t% app/y to the & [T-ib1 a/) 4o- a o-de- $o 4e--i 3 o a y pe-!o de!i3 ated by the Ce t-a/ 7o5e- me t 4o- the p1-po!e% 0ith -e!pe$t
to the $ompa y $o $e- ed% a// !1$h po0e-! o4 i 5e!ti3ati 3 the a44ai-! o4 the $ompa y a! a-e p-o5ided by thi! A$t i the $a!e o4 a 0i di 3 1p by the & [T-ib1 a/). "<# I4 o a y -epo-t to the Re3i!t-a- 1 de- !1b+!e$tio ":#% it appea-! to him that the $a!e i! ot o e i 0hi$h p-o$eedi 3! o13ht to be taAe by him% he !ha// i 4o-m the /i91idato- a$$o-di 3/y% a d the-e1po % !1b;e$t to the p-e5io1! !a $tio o4 the & [T-ib1 a/)% the /i91idato- may him!e/4 taAe p-o$eedi 3! a3ai !t the o44e de-. "@# I4 it appea-! to the & [T-ib1 a/) i the $o1-!e o4 a 5o/1 ta-y 0i di 3 1p that a y pa!t o- p-e!e t o44i$e-% o- a y membe-% o4 the $ompa y ha! bee 31i/ty a! a4o-e!aid% a d that o -epo-t 0ith -e!pe$t to the matte- ha! bee made by the /i91idato- to the Re3i!t-a- 1 de- !1b+!e$tio ":#% the & [T-ib1 a/) may% o the app/i$atio o4 a y pe-!o i te-e!ted i the 0i di 3 1p o- o4 it! o0 motio % di-e$t the /i91idato- to maAe !1$h a -epo-t% a d o a -epo-t bei 3 made
a$$o-di 3/y% the p-o5i!io ! o4 thi! !e$tio !ha// ha5e e44e$t a! tho13h the -epo-t had bee made i p1-!1a $e o4 the p-o5i!io ! o4 !1b+!e$tio ":#. "'# I4% 0he-e a y matte- i! -epo-ted o- -e4e--ed to the Re3i!t-a- 1 dethi! !e$tio % he $o !ide-! that the $a!e i! o e i 0hi$h a p-o!e$1tio o13ht to be i !tit1ted% he !ha// -epo-t the matte- to the Ce t-a/ 7o5e- me t 2 a d that 7o5e- me t may% a4te- taAi 3 !1$h /e3a/ ad5i$e a! it thi A! 4it% di-e$t the Re3i!t-a- to i !tit1te p-o$eedi 3! = P-o5ided that o -epo-t !ha// be made by the Re3i!t-a1 dethi! !1b+!e$tio 0itho1t 4i-!t 3i5i 3 the a$$1!ed pe-!o a oppo-t1 ity o4 maAi 3 a !tateme t i 0-iti 3 to the Re3i!t-a- a d o4 bei 3 hea-d the-eo . "># Whe a y p-o$eedi 3! a-e i !tit1ted 1 dethi! !e$tio % it !ha// be the d1ty o4 the /i91idato- a d o4 e5e-y o44i$e- a d a3e t o4 the $ompa y pa!t a d p-e!e t "othetha the de4e da t i the p-o$eedi 3!# to 3i5e a// a!!i!ta $e i $o e$tio 0ith the p-o!e$1tio 0hi$h he i! -ea!o ab/y ab/e to 3i5e. Fo- the p1-po!e! o4 thi! !1b+!e$tio % the e,p-e!!io .a3e t.% i -e/atio to a $ompa y% !ha// be deemed to i $/1de a y ba Ae- o- /e3a/ ad5i!e- o4 the $ompa y a d a y pe-!o emp/oyed by the $ompa y a! a1dito-. "8# I4 a y pe-!o 4ai/! o- e3/e$t! to 3i5e a!!i!ta $e i the ma e- -e91i-ed by !1b+!e$tio ">#% the &
[T-ib1 a/) may% o the app/i$atio o4 the Re3i!t-a-% di-e$t that pe-!o to $omp/y 0ith the -e91i-eme t! o4 that !1b+!e$tio . "9# Whe-e a y !1$h app/i$atio i! made 0ith -e!pe$t to a /i91idato-% the & [T-ib1 a/) may% 1 /e!! it appea-! that the 4ai/1-e o- e3/e$t 0a! d1e to the /i91idato- ot ha5i 3 i hi! ha d! !144i$ie t a!!et! o4 the $ompa y to e ab/e him !o to do% di-e$t that the $o!t! o4 the app/i$atio !ha// be bo- e by the /i91idato- pe-!o a//y. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .% o- !1b;e$t to the !1pe-5i!io o4% the Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t :((:. Mi!$e//a eo1! p-o5i!io ! @<'. CIHDI*ATOR TO EKERCISE CERTAIN POWERS SDBIECT TO SANCTION "&# The /i91idato- may + "a# 0ith the !a $tio o4 the & [T-ib1 a/)% 0he the $ompa y i! bei 3 0o1 d 1p by : [the T-ib1 a/) 2 a d
"b# 0ith the !a $tio o4 a !pe$ia/ -e!o/1tio o4 the $ompa y% i the $a!e o4 a 5o/1 ta-y 0i di 3 1p% + "i# pay a y $/a!!e! o4 $-edito-! i 41// 2 Pa3e ::& o4 33: "ii# maAe a y $omp-omi!e o- a--a 3eme t 0ith $-edito-! o- pe-!o ! $/aimi 3 to be $-edito-!% o- ha5i 3 o- a//e3i 3 them!e/5e! to ha5e a y $/aim% p-e!e t o- 41t1-e% $e-tai o- $o ti 3e t% a!$e-tai ed o- !o1 di 3 o /y i dama3e!% a3ai !t the $ompa y% o- 0he-eby the $ompa y may be -e de-ed /iab/e 2 o"iii# $omp-omi!e a y $a// o- /iabi/ity to $a//% debt% a d /iabi/ity $apab/e o4 -e!1/ti 3 i a debt% a d a y $/aim% p-e!e t o41t1-e% $e-tai o- $o ti 3e t% a!$e-tai ed o- !o1 di 3 o /y i dama3e!% !1b!i!ti 3 o- a//e3ed to !1b!i!t bet0ee the $ompa y a d a $o t-ib1to-y o- a//e3ed $o t-ib1to-y oothe- debto- o- pe-!o app-ehe di 3 /iabi/ity to the $ompa y% a d a// 91e!tio ! i a y 0ay -e/ati 3 to o- a44e$ti 3 the a!!et! o- /iabi/itie! o- the 0i di 3 1p o4 the $ompa y% o !1$h te-m! a! may be a3-eed% a d taAe a y !e$1-ity 4o- the di!$ha-3e o4 a y !1$h $a//% debt% /iabi/ity o- $/aim% a d 3i5e a $omp/ete di!$ha-3e i -e!pe$t the-eo4. "&A# Not0ith!ta di 3 a ythi 3 $o tai ed i !1b+ !e$tio "&#% i the $a!e o4 a 0i di 3 1p by the &
[T-ib1 a/)% the S1p-eme Co1-t may maAe -1/e! 1 de- !e$tio '<3 p-o5idi 3 that the /i91idato- may% 1 de- !1$h $i-$1m!ta $e!% i4 a y% a d !1b;e$t to !1$h $o ditio !% -e!t-i$tio ! a d /imitatio !% i4 a y% a! may be !pe$i4ied i the -1/e!% e,e-$i!e a y o4 the po0e-! -e4e--ed to i !1b+$/a1!e "ii# o- !1b+$/a1!e "iii# o4 !1b+!e$tio "&# 0itho1t the !a $tio o4 the & [T-ib1 a/). ":# I the $a!e o4 a 5o/1 ta-y 0i di 3 1p% the e,e-$i!e by the /i91idato- o4 the po0e-! $o 4e--ed by !1b+ !e$tio "&# !ha// be !1b;e$t to the $o t-o/ o4 the & [T-ib1 a/). "3# A y $-edito- o- $o t-ib1to-y may app/y to the & [T-ib1 a/) 0ith -e!pe$t to a y e,e-$i!e o- p-opo!ed e,e-$i!e o4 a y !1$h po0e-. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .o- !1b;e$t to the !1pe-5i!io o4 the Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#.
@<>. NOTIFICATION T8AT A COMPANG IS IN CIHDI*ATION "&# Whe-e a $ompa y i! bei 3 0o1 d 1p% 0hethe- by & [the T-ib1 a/) o- 5o/1 ta-i/y% e5e-y i 5oi$e% o-de- 4o3ood! ob1!i e!! /ette- i!!1ed by o- o beha/4 o4 the $ompa y o- a /i91idato- o4 the $ompa y% o- a -e$ei5e- oma a3e- o4 the p-ope-ty o4 the $ompa y% bei 3 a do$1me t o o- i 0hi$h the ame o4 the $ompa y appea-!% !ha// $o tai a !tateme t that the $ompa y i! bei 3 0o1 d 1p. ":# I4 de4a1/t i! made i $omp/yi 3 0ith thi! !e$tio % the $ompa y% a d e5e-y o e o4 the 4o//o0i 3 pe-!o ! 0ho 0i/41//y a1tho-i!e! o- pe-mit! the de4a1/t% ame/y% a y o44i$eo4 the $ompa y% a y /i91idato- o4 the $ompa y a d a y -e$ei5eo- ma a3e-% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to : [4i5e tho1!a d) -1pee!. &. S1b!tit1ted 4o- .o- 1 de- the !1pe-5i!io o4 the Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .4i5e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((.
@<8. BOO6S AN* PAPERS OF COMPANG TO BE EFI*ENCE Whe-e a $ompa y i! bei 3 0o1 d 1p% a// booA! a d pape-! o4 the $ompa y a d o4 the /i91idato-! !ha//% a! bet0ee the $o t-ib1to-ie! o4 the $ompa y% be p-ima 4a$ie e5ide $e o4 the t-1th o4 a// matte-! p1-po-ti 3 to be the-ei -e$o-ded. @<9. INSPECTION OF BOO6S AN* PAPERS BG CRE*ITORS AN* CONTRIBDTORIES "&# At a y time a4te- the maAi 3 o4 a o-de- 4o- the 0i di 3 1p o4 a $ompa y by & [the T-ib1 a/)% a y $-edito- o$o t-ib1to-y o4 the $ompa y may% i4 the S1p-eme Co1-t% by -1/e! p-e!$-ibed !o pe-mit a d i a$$o-da $e 0ith a d !1b;e$t to !1$h -1/e! b1t ot 41-the- o- othe-0i!e% i !pe$t the booA! a d pape-! o4 the $ompa y. ":# Nothi 3 i !1b+!e$tio "&# !ha// be taAe a! e,$/1di 3 o- -e!t-i$ti 3 a y -i3ht! $o 4e--ed by a y /a0 4o- the time bei 3 i 4o-$e + "a# o the Ce t-a/ o- a State 7o5e- me t 2 o"b# o a y a1tho-ity o- o44i$e- the-eo4 2 o"$# o a y pe-!o a$ti 3 1 de- the a1tho-ity o4 a y !1$h 7o5e- me t o- o4 a y !1$h a1tho-ity o- o44i$e-. &. S1b!tit1ted 4o- .o- !1b;e$t to the !1pe-5i!io o4 the Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t%
:((: "0.e.4. a date yet to be !e$tio '<3"3#.
oti4ied#. B A/!o -e4e-
@@(. *ISPOSAC OF BOO6S AN* PAPERS OF COMPANG "&# Whe the a44ai-! o4 a $ompa y ha5e bee $omp/ete/y 0o1 d 1p a d it i! abo1t to be di!!o/5ed% it! booA! a d pape-! a d tho!e o4 the /i91idato- may be di!po!ed o4 a! 4o//o0!% that i! to !ay = & ["a# i the $a!e o4 a 0i di 3 1p by the T-ib1 a/% i !1$h ma e- a! the T-ib1 a/ di-e$t! 2) "b# i the $a!e o4 a membe-!? 5o/1 ta-y 0i di 3 1p% i !1$h ma e- a! the $ompa y by !pe$ia/ -e!o/1tio di-e$t! 2 a d "$# i the $a!e o4 a $-edito-!? 5o/1 ta-y 0i di 3 1p% i !1$h ma e- a! the $ommittee o4 i !pe$tio o-% i4 the-e i! o !1$h $ommittee% a! the $-edito-! o4 the $ompa y may di-e$t. ":# A4te- the e,pi-y o4 4i5e yea-! 4-om the di!!o/1tio o4 the $ompa y% o -e!po !ibi/ity !ha// -e!t o the $ompa y% the /i91idato-% o- a y pe-!o to 0hom the $1!tody o4 the booA! a d pape-! ha! bee $ommitted% by -ea!o o4 a y booA opape- ot bei 3 4o-th$omi 3 to a y pe-!o $/aimi 3 to be i te-e!ted the-ei . "3# The Ce t-a/ 7o5e- me t may% by -1/e!% +
"a# p-e5e t 4o- !1$h pe-iod " ot e,$eedi 3 4i5e yea-! 4-om the di!!o/1tio o4 the $ompa y# a! the Ce t-a/ 7o5e- me t thi A! p-ope-% the de!t-1$tio o4 the booA! a d pape-! o4 a $ompa y 0hi$h ha! bee 0o1 d 1p a d o4 it! /i91idato- 2 a d Pa3e ::: o4 33: "b# e ab/e a y $-edito- o- $o t-ib1to-y o4 the $ompa y to maAe -ep-e!e tatio ! to the Ce t-a/ 7o5e- me t i -e!pe$t o4 the matte-! !pe$i4ied i $/a1!e "a# a d to appea/ to the : [T-ib1 a/) 4-om a y di-e$tio 0hi$h may be 3i5e by the Ce t-a/ 7o5e- me t i the matte-. "<# I4 a y pe-!o a$t! i $o t-a5e tio o4 a y !1$h -1/e! o- o4 a y di-e$tio o4 the Ce t-a/ 7o5e- me t the-e1 de-% he !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to !i, mo th!% o- 0ith 4i e 0hi$h may e,te d to 3 [4i4ty) tho1!a d -1pee!% o- 0ith both. &. S1b!tit1ted 4o- 4o//o0i 3 $/a1!e "a# by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to !1b!tit1tio $/a1!e "a# -ead a! 1 de-=
."a# i the $a!e o4 a 0i di 3 1p by o- !1b;e$t to the !1pe-5i!io o4 the Co1-t% i !1$h ma e- a! the Co1-t di-e$t! 2. :. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. 3. S1b!tit1ted 4o- .4i5e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. @@&. INFORMATION AS TO PEN*IN7 CIHDI*ATIONS "&# I4 the 0i di 3 1p o4 a $ompa y i! ot $o $/1ded 0ithi o e yea- a4te- it! $omme $eme t% the /i91idato!ha//% 1 /e!! he i! e,empted 4-om !o doi 3 eithe- 0ho//y oi pa-t by the Ce t-a/ 7o5e- me t% 0ithi t0o mo th! o4 the e,pi-y o4 !1$h yea- a d the-ea4te- 1 ti/ the 0i di 3 1p i! $o $/1ded% at i te-5a/! o4 ot mo-e tha o e yea- oat !1$h !ho-te- i te-5a/!% i4 a y% a! may be p-e!$-ibed% 4i/e a !tateme t i the p-e!$-ibed 4o-m a d $o tai i 3 the p-e!$-ibed pa-ti$1/a-! d1/y a1dited% by a pe-!o 91a/i4ied to a$t a! a1dito- o4 the $ompa y% 0ith -e!pe$t to the p-o$eedi 3! i % a d po!itio o4% the /i91idatio % + & ["a# i the $a!e o4 a 0i di 3 1p by the T-ib1 a/% i T-ib1 a/ 2 a d) "b# i the $a!e o4 a 5o/1 ta-y 0i di 3 1p% 0ith the Re3i!t-a- =
P-o5ided that o !1$h a1dit a! i! -e4e--ed to i thi! !1b+!e$tio !ha// be e$e!!a-y 0he-e the p-o5i!io ! o4 !e$tio <': app/y. ":# Whe the !tateme t i! 4i/ed i : [T-ib1 a/) 1 de- $/a1!e "a# o4 !1b+!e$tio "&#% a $opy !ha// !im1/ta eo1!/y be 4i/ed 0ith the Re3i!t-a- a d !ha// be Aept by him a/o 3 0ith the othe- -e$o-d! o4 the $ompa y. 3 [":A# Whe-e a !tateme t -e4e--ed to i !1b+!e$tio ":# -e/ate! to a 7o5e- me t $ompa y i /i91idatio % the /i91idato!ha// 4o-0a-d a $opy the-eo4% + "a# to the Ce t-a/ 7o5e- me t% i4 that 7o5e- me t i! a membe- o4 the 7o5e- me t $ompa y 2 o"b# to a y State 7o5e- me t% i4 that 7o5e- me t i! a membe- o4 the 7o5e- me t $ompa y 2 o"$# to the Ce t-a/ 7o5e- me t a d a y State 7o5e- me t% i4 both the 7o5e- me t! a-e membe-! o4 the 7o5e- me t $ompa y.) "3# A y pe-!o !tati 3 him!e/4 i 0-iti 3 to be a $-edito- o- $o t-ib1to-y o4 the $ompa y !ha// be e tit/ed% by him!e/4 oby hi! a3e t% at a// -ea!o ab/e time!% o payme t o4 the p-e!$-ibed 4ee% to i !pe$t the !tateme t% a d to -e$ei5e a $opy the-eo4 o- a e,t-a$t the-e4-om.
"<# A y pe-!o 1 t-1th41//y !tati 3 him!e/4 to be a $-edito- o- $o t-ib1to-y 4o- the abo5e p1-po!e !ha// be deemed to be 31i/ty o4 a o44e $e 1 de- !e$tio &8: o4 the I dia Pe a/ Code "<@ o4 &8'(#% a d !ha//% o the app/i$atio o4 the /i91idato-% be p1 i!hab/e a$$o-di 3/y. "@# I4 a /i91idato- 4ai/! to $omp/y 0ith a y o4 -e91i-eme t! o4 thi! !e$tio % he !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to < [4i5e tho1!a d) -1pee! 4o- e5e-y day d1-i 3 0hi$h the 4ai/1-e $o ti 1e! = P-o5ided that i4 the /i91idato- maAe! 0i/41/ de4a1/t i $a1!i 3 the !tateme t -e4e--ed to i !1b+!e$tio "&# to be a1dited by a pe-!o 91a/i4ied to a$t a! a1dito- o4 the $ompa y% the /i91idato- !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to !i, mo th!% o- 0ith 4i e 0hi$h may e,te d to @ [te ) tho1!a d -1pee!% o- 0ith both. &. S1b!tit1ted 4o- 4o//o0i 3 $/a1!e "a# by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. ."a# i the $a!e o4 a 0i di 3+1p by o!1b;e$t to the !1pe-5i!io o4 the Co1-t% i Co1-t 2 a d .
:. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t :((:. 3. I !e-ted by the Compa ie! "Ame dme t# A$t% &988 0.e.4. &@+'+&988. <. S1b!tit1ted 4o- .4i5e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. @. S1b!tit1ted 4o- .o e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. @@:. OFFICIAC CIHDI*ATOR TO MA6E PAGMENTS INTO T8E PDBCIC ACCODNT OF IN*IA E5e-y O44i$ia/ Ci91idato- !ha//% i !1$h ma e- a d at !1$h time! a! may be p-e!$-ibed% pay the mo ey! -e$ei5ed by him a! /i91idato- o4 a y $ompa y% i to the p1b/i$ a$$o1 t o4 I dia i the Re!e-5e Ba A o4 I dia. @@3. FOCDNTARG CIHDI*ATOR TO MA6E PAGMENTS INTO SC8E*DCE* BAN6 "&# E5e-y /i91idato- o4 a $ompa y% ot bei 3 a O44i$ia/ Ci91idato-% !ha//% i !1$h ma e- a d at !1$h time! a! may be p-e!$-ibed% pay the mo ey! -e$ei5ed by him i hi! $apa$ity a! !1$h i to a S$hed1/ed Ba A to the $-edit o4 a !pe$ia/ ba Ai 3 a$$o1 t ope ed by him i that beha/4% a d $a//ed Compa y Cimited .the Ci91idatio A$$o1 t o4..........................Compa y P-i5ate Cimited.= Compa y
P-o5ided that i4 the & [T-ib1 a/) i! !ati!4ied that 4o- the p1-po!e o4 $a--yi 3 o the b1!i e!! o4 the $ompa y o- o4 obtai i 3 ad5a $e! o- 4o- a y othe- -ea!o % it i! to the ad5a ta3e o4 the $-edito-! o- $o t-ib1to-ie! that the /i91idato!ho1/d ha5e a a$$o1 t 0ith a y otheba A% the & [T-ib1 a/) may a1tho-i!e the /i91idato- to maAe hi! payme t! i to o- Pa3e ::3 o4 33: o1t o4 !1$h otheba A a! the & [T-ib1 a/) may !e/e$t2 a d the-e1po tho!e payme t! !ha// be made i the p-e!$-ibed ma e- a d at the p-e!$-ibed time! i to o- o1t o4 !1$h otheba A. ":# I4 a y !1$h /i91idato- at a y time -etai ! 4o- mo-e tha te day! a !1m e,$eedi 3 4i5e h1 d-ed -1pee! o!1$h othe- amo1 t a! the & [T-ib1 a/) may% o the app/i$atio o4 the /i91idato-% a1tho-i!e him to -etai % the % 1 /e!! he e,p/ai ! the -ete tio to the !ati!4a$tio o4 the & [T-ib1 a/)% he !ha// + "a# pay i te-e!t o the amo1 t !o -etai ed i e,$e!!% at the -ate o4 t0e/5e pe- $e t pe- a 1m a d a/!o pay !1$h pe a/ty a! may be dete-mi ed by the Re3i!t-a- 2
"b# be /iab/e to pay a y e,pe !e! o$$a!io ed by -ea!o o4 hi! de4a1/t2 a d "$# a/!o be /iab/e to ha5e a// o- !1$h pa-t o4 hi! -em1 e-atio a! the & [T-ib1 a/) may thi A ;1!t di!a//o0ed% a d to be -emo5ed 4-om hi! o44i$e by the & [T-ib1 a/). &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t :((:. @@<. CIHDI*ATOR NOT TO PAG MONEGS INTO PRIFATE BAN6IN7 ACCODNT Neithe- the O44i$ia/ Ci91idato- o- a y othe- /i91idatoo4 a $ompa y !ha// pay a y mo ey! -e$ei5ed by him i hi! $apa$ity a! !1$h i to a y p-i5ate ba Ai 3 a$$o1 t. @@@. DNPAI* *IFI*EN*S AN* DN*ISTRIBDTE* ASSETS TO BE PAI* INTO T8E COMPANIES CIHDI*ATION ACCODNT "&# Whe-e a y $ompa y i! bei 3 0o1 d 1p% i4 the /i91idato- ha! i hi! ha d! o- 1 de- hi! $o t-o/ a y mo ey -ep-e!e ti 3 + "a# di5ide d! payab/e to a y $-edito- 0hi$h had -emai ed 1 paid 4o- !i, mo th! a4te- the date o 0hi$h they 0e-e
de$/a-ed% o"b# a!!et! -e41 dab/e to a y $o t-ib1to-y 0hi$h ha5e -emai ed 1 di!t-ib1ted 4o- !i, mo th! a4te- the date o 0hi$h they be$ame -e41 dab/e% the /i91idato- !ha// 4o-th0ith pay the !aid mo ey i to the p1b/i$ a$$o1 t o4 I dia i the Re!e-5e Ba A o4 I dia i a !epa-ate a$$o1 t to be A o0 a! the Compa ie! Ci91idatio A$$o1 t. ":# The /i91idato- !ha//% o the di!!o/1tio o4 the $ompa y% !imi/a-/y pay i to the !aid a$$o1 t a y mo ey -ep-e!e ti 3 1 paid di5ide d! o- 1 di!t-ib1ted a!!et! i hi! ha d! at the date o4 di!!o/1tio . "3# The /i91idato- !ha//% 0he maAi 3 a y payme t -e4e--ed to i !1b+!e$tio ! "&# a d ":#% 41- i!h to !1$h o44i$e-% a! the Ce t-a/ 7o5e- me t may appoi t i thi! beha/4% a !tateme t i the p-e!$-ibed 4o-m% !etti 3 4o-th% i -e!pe$t o4 a// !1m! i $/1ded i !1$h payme t% the at1-e o4 the !1m!% the ame! a d /a!t A o0 add-e!!e! o4 the pe-!o ! e tit/ed to pa-ti$ipate the-ei % the amo1 t to 0hi$h ea$h i! e tit/ed a d the at1-e o4 hi! $/aim the-eto% a d !1$h othepa-ti$1/a-! a! may be p-e!$-ibed. "<# The /i91idato- !ha// be e tit/ed to a -e$eipt 4-om the Re!e-5e Ba A o4 I dia 4o- a y mo ey paid to it 1 de!1b+
!e$tio ! "&# a d ":#% a d !1$h -e$eipt !ha// be a e44e$t1a/ di!$ha-3e o4 the /i91idato- i -e!pe$t the-eo4. "@# Whe-e the $ompa y i! bei 3 0o1 d 1p by the & [T-ib1 a/)% the /i91idato- !ha// maAe the payme t! -e4e--ed to i !1b+!e$tio ! "&# a d ":# by t-a !4e- 4-om the a$$o1 t -e4e--ed to i !e$tio @@:. "'# Whe-e the $ompa y i! bei 3 0o1 d 1p 5o/1 ta-i/y B [by) : [the T-ib1 a/)% the /i91idato- !ha//% 0he 4i/i 3 a !tateme t i p1-!1a $e o4 !1b+!e$tio "&# o4 !e$tio @@&% i di$ate the !1m o4 mo ey 0hi$h i! payab/e to the Re!e-5e Ba A o4 I dia 1 de- !1b+!e$tio ! "&# a d ":# o4 thi! !e$tio 0hi$h he ha! had i hi! ha d! o- 1 de- hi! $o t-o/ d1-i 3 the !i, mo th! p-e$edi 3 the date to 0hi$h the !aid !tateme t i! b-o13ht do0 % a d !ha//% 0ithi 4o1-tee day! o4 the date o4 4i/i 3 the !aid !tateme t% pay that !1m i to the Compa ie! Ci91idatio A$$o1 t. "># "a# A y pe-!o $/aimi 3 to be e tit/ed to a y mo ey paid i to the Compa ie! Ci91idatio A$$o1 t "0hethe- paid i p1-!1a $e o4 thi! !e$tio o- 1 de- the p-o5i!io ! o4 a y p-e5io1! $ompa ie! /a0# may app/y to the &
[T-ib1 a/) 4o- a o-de- 4o- payme t the-eo4% a d the & [T-ib1 a/)% i4 !ati!4ied that the pe-!o $/aimi 3 i! e tit/ed% may maAe a o-de- 4othe payme t to that pe-!o o4 the !1m d1e = P-o5ided that be4o-e maAi 3 !1$h a o-de-% the & [T-ib1 a/) !ha// $a1!e a oti$e to be !e-5ed o !1$h o44i$e- a! the Ce t-a/ 7o5e- me t may appoi t i thi! beha/4% $a//i 3 o the o44i$e- to !ho0 $a1!e 0ithi o e mo th 4-om the date o4 the !e-5i$e o4 the oti$e 0hy the o-de- !ho1/d ot be made. "b# A y pe-!o $/aimi 3 a! a4o-e!aid may% i !tead o4 app/yi 3 to the & [T-ib1 a/)% app/y to the Ce t-a/ 7o5e- me t 4oa o-de- 4o- payme t o4 the mo ey $/aimed 2 a d the Ce t-a/ 7o5e- me t may% i4 !ati!4ied 0hethe- o a $e-ti4i$ate by the /i91idato- o- the O44i$ia/ Ci91idato- o- othe-0i!e% that !1$h pe-!o i! e tit/ed to the 0ho/e o- a y pa-t o4 the mo ey $/aimed a d that o app/i$atio made i p1-!1a $e o4 $/a1!e "a# i! pe di 3 i the & [T-ib1 a/)% maAe a o-de- 4o- the payme t to that pe-!o o4 the !1m d1e to him% a4tetaAi 3 !1$h !e$1-ity 4-om him a! it may thi A 4it.
"8# A y mo ey paid i to the Compa ie! Ci91idatio A$$o1 t i p1-!1a $e o4 thi! !e$tio % 0hi$h -emai ! 1 $/aimed the-ea4te- 4o- a pe-iod o4 4i4tee yea-!% !ha// be t-a !4e--ed to the 3e e-a/ -e5e 1e a$$o1 t o4 the Ce t-a/ 7o5e- me t 2 b1t a $/aim to a y mo ey !o t-a !4e--ed may be p-e4e--ed 1 de- !1b+!e$tio "># a d !ha// be dea/t 0ith a! i4 !1$h t-a !4e- had ot bee made% the o-de-% i4 a y% 4opayme t o the $/aim bei 3 t-eated a! a o-de- 4o-e41 d o4 -e5e 1e. "9# A y /i91idato- -etai i 3 a y mo ey 0hi$h !ho1/d ha5e bee paid by him i to the Compa ie! Ci91idatio A$$o1 t 1 dethi! !e$tio !ha// + "a# pay i te-e!t o the amo1 t -etai ed at the -ate o4 t0e/5e pe- $e t pe- a 1m% a d a/!o pay !1$h pe a/ty a! may be dete-mi ed by the Re3i!t-a- = P-o5ided that the Ce t-a/ 7o5e- me t may i a y p-ope- $a!e -emit eithe- i pa-t o- i 0ho/e the amo1 t o4 i te-e!t 0hi$h the /i91idato- i! -e91i-ed to pay 1 dethi! $/a1!e 2 Pa3e ::< o4 33: "b# be /iab/e to pay a y e,pe !e! o$$a!io ed by -ea!o o4 hi! de4a1/t2 a d "$# 0he-e the 0i di 3 1p i! by% &
[the T-ib1 a/)% a/!o be /iab/e to ha5e a// o- !1$h pa-t o4 hi! -em1 e-atio a! the : [T-ib1 a/) may thi A ;1!t to be di!a//o0ed% a d to be -emo5ed 4-om hi! o44i$e by thi! : [T-ib1 a/). &. S1b!tit1ted 4o- .o- 1 de- the !1pe-5i!io o4 the Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. @@'. ENFORCEMENT OF *DTG OF CIHDI*ATOR TO MA6E RETDRNS% ETC "&# I4 a y /i91idato- 0ho ha! made a y de4a1/t i 4i/i 3% de/i5e-i 3 o- maAi 3 a y -et1- % a$$o1 t o- othedo$1me t% oi 3i5i 3 a y oti$e 0hi$h he i! by /a0 -e91i-ed to 4i/e% de/i5e-% maAe o- 3i5e% 4ai/! to maAe 3ood the de4a1/t 0ithi 4o1-tee day! a4te- the !e-5i$e o him o4 a oti$e -e91i-i 3 him to do !o% the & [T-ib1 a/) may% o a app/i$atio made to the &
[T-ib1 a/) by a y $o t-ib1to-y o- $-edito- o4 the $ompa y o- by the Re3i!t-a-% maAe a o-de- di-e$ti 3 the /i91idato- to maAe 3ood the de4a1/t 0ithi !1$h time a! may be !pe$i4ied i the o-de-. ":# A y !1$h o-de- may p-o5ide that a// $o!t! o4 a d i $ide ta/ to the app/i$atio !ha// be bo- e by the /i91idato-. "3# Nothi 3 i thi! !e$tio !ha// be taAe to p-e;1di$e the ope-atio o4 a y e a$tme t impo!i 3 pe a/tie! o a /i91idato- i -e!pe$t o4 a y !1$h de4a1/t a! a4o-e!aid. :. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. S1pp/eme ta-y po0e-! o4 & [T-ib1 a/) @@>. MEETIN7S TO ASCERTAIN WIS8ES OF CRE*ITORS OR CONTRIBDTORIES "&# I a// matte-! -e/ati 3 to the 0i di 3 1p o4 a $ompa y% the & [T-ib1 a/) may + "a# ha5e -e3a-d to the 0i!he! o4 $-edito-! o$o t-ib1to-ie! o4 the $ompa y% a! p-o5ed to it by a y !144i$ie t e5ide $e 2
"b# i4 it thi A! 4it 4o- the p1-po!e o4 a!$e-tai i 3 tho!e 0i!he!% di-e$t meeti 3! o4 the $-edito-! o$o t-ib1to-ie! to be $a//ed% he/d a d $o d1$ted i !1$h ma e- a! the & [T-ib1 a/) di-e$t! 2 a d "$# appoi t a pe-!o to a$t a! $hai-ma o4 a y !1$h meeti 3 a d to -epo-t the -e!1/t the-eo4 to the & [T-ib1 a/). ":# Whe a!$e-tai i 3 the 0i!he! o4 $-edito-!% -e3a-d !ha// be had to the 5a/1e o4 ea$h $-edito-?! debt. "3# Whe a!$e-tai i 3 the 0i!he! o4 $o t-ib1to-ie!% -e3a-d !ha// be had to the 1mbe- o4 5ote! 0hi$h may be $a!t by ea$h $o t-ib1to-y. :. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. @@8. CODRT OR PERSON BEFORE W8OM AFFI*AFIT MAG BE SWORN "&# A y a44ida5it -e91i-ed to be !0o- 1 de- the p-o5i!io !% o- 4o- the p1-po!e!% o4 thi! Pa-t may be !0o- + "a# i I dia% be4o-e a y Co1-t & [o- T-ib1 a/)% I1d3e o- pe-!o /a041//y a1tho-i!ed to taAe a d -e$ei5e a44ida5it! 2 a d
"b# i a y othe- $o1 t-y% eithe- be4o-e a y Co1-t% I1d3e o- pe-!o /a041//y a1tho-i!ed to taAe a d -e$ei5e a44ida5it! i that $o1 t-y o- be4o-e a I dia Co !1/ o- Fi$e+ Co !1/. E,p/a atio . + [Omitted by the I M6 "E,te !io o4 Ca0!# A$t% &9@'% 0ith e44e$t 4-om &+&&+&9@'). ":# A// Co1-t!% & [%T-ib1 a/)% I1d3e!% I1!ti$e!% Commi!!io e-! a d pe-!o ! a$ti 3 ;1di$ia//y i I dia !ha// taAe ;1di$ia/ oti$e o4 the !ea/% !tamp o- !i3 at1-e% a! the $a!e may be% o4 a y !1$h !1$h Co1-t% & [T-ib1 a/%) I1d3e% pe-!o % Co !1/ o- Fi$e+Co !1/% atta$hed% appe ded o- !1b!$-ibed to a y !1$h a44ida5it o- to a y othedo$1me t to be 1!ed 4o- the p1-po!e! o4 thi! Pa-t. &. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-o5i!io ! a! to di!!o/1tio @@9. POWER OF & [TRIBDNAC) TO COMPANG FOI*
*ECCARE
*ISSOCDTION
OF
"&# Whe-e a $ompa y ha! bee di!!o/5ed% 0hethe- i p1-!1a $e o4 thi! Pa-t o- o4 !e$tio 39< o- othe-0i!e% the & [T-ib1 a/) may at a y time 0ithi t0o yea-! o4 the date o4 the di!!o/1tio % o app/i$atio by the /i91idato- o4 the $ompa y o- by a y othepe-!o 0ho appea-! to the & [T-ib1 a/) to be i te-e!ted% maAe a o-de-% 1po !1$h te-m! a! the & [T-ib1 a/) thi A! 4it% de$/a-i 3 the di!!o/1tio to ha5e bee 5oid 2 a d the-e1po !1$h p-o$eedi 3! may be taAe a! mi3ht ha5e bee taAe i4 the $ompa y had ot bee di!!o/5ed. ":# It !ha// be the d1ty o4 the pe-!o o 0ho!e app/i$atio the o-de- 0a! made% 0ithi thi-ty day! a4tethe maAi 3 o4 the o-de- o- !1$h 41-the- time a! the & [T-ib1 a/) may a//o0% to 4i/e a $e-ti4ied $opy o4 the o-de0ith the Re3i!t-a- 0ho !ha// -e3i!te- the !ame 2 a d i4 !1$h pe-!o 4ai/! !o to do% he !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to : [4i5e
h1 d-ed) -1pee! 4o- e5e-y day d1-i 3 0hi$h the de4a1/t $o ti 1e!. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((:. :. S1b!tit1ted 4o- .4i4ty. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. @'(. POWER OF RE7ISTRAR TO STRI6E *EFDNCT COMPANG OFF RE7ISTER "&# Whe-e the Re3i!t-a- ha! -ea!o ab/e $a1!e to be/ie5e that a $ompa y i! ot $a--yi 3 o b1!i e!! oi ope-atio % he !ha// !e d to the $ompa y by po!t a /ette- i 91i-i 3 0hethe- the $ompa y i! $a--yi 3 o b1!i e!! o- i ope-atio . Pa3e ::@ o4 33: ":# I4 the Re3i!t-a- doe! ot 0ithi o e mo th o4 !e di 3 the /ette- -e$ei5e a y a !0e- the-eto% he !ha//% 0ithi 4o1-tee day! a4te- the e,pi-y o4 the mo th% !e d to the $ompa y by po!t a -e3i!te-ed /ette- -e4e--i 3 to the 4i-!t /ette-% a d !tati 3 that o a !0e- the-eto ha! bee -e$ei5ed a d that% i4 a a !0e- i! ot -e$ei5ed to the !e$o d /ette- 0ithi o e mo th 4-om the date the-eo4% a oti$e 0i// be p1b/i!hed i the O44i$ia/ 7aJette 0ith a 5ie0 to !t-iAi 3 the ame o4 the $ompa y o44 the -e3i!te-.
"3# I4 the Re3i!t-a- eithe- -e$ei5e! a a !0e- 4-om the $ompa y to the e44e$t that it i! ot $a--yi 3 o b1!i e!! o- i ope-atio % o- doe! ot 0ithi o e mo th a4te- !e di 3 the !e$o d /ette- -e$ei5e a y a !0e-% he may p1b/i!h i the O44i$ia/ 7aJette% a d !e d to the $ompa y by -e3i!te-ed po!t% a oti$e that% at the e,pi-atio o4 th-ee mo th! 4-om the date o4 that oti$e% the ame o4 the $ompa y me tio ed the-ei 0i//% 1 /e!! $a1!e i! !ho0 to the $o t-a-y% be !t-1$A o44 the -e3i!te- a d the $ompa y 0i// be di!!o/5ed. "<# I4% i a y $a!e 0he-e a $ompa y i! bei 3 0o1 d 1p% the Re3i!t-a- ha! -ea!o ab/e $a1!e to be/ie5e eithe- that o /i91idato- i! a$ti 3% o- that the a44ai-! o4 the $ompa y ha5e bee $omp/ete/y 0o1 d 1p% a d a y -et1- ! -e91i-ed to be made by the /i91idato- ha5e ot bee made 4o- a pe-iod o4 !i, $o !e$1ti5e mo th!% the Re3i!t-a- !ha// p1b/i!h i the O44i$ia/ 7aJette a d !e d to the $ompa y o- the /i91idato-% i4 a y% a /iAe oti$e a! i! p-o5ided i !1b+ !e$tio "3#. "@# At the e,pi-y o4 the time me tio ed i the oti$e -e4e--ed to i !1b+!e$tio "3# o- "<#% the Re3i!t-a- may% 1 /e!! $a1!e to the $o t-a-y i! p-e5io1!/y !ho0 by the $ompa y% !t-iAe it! ame o44 the -e3i!te-% a d !ha// p1b/i!h oti$e
the-eo4 i the O44i$ia/ 7aJette 2 a d o the p1b/i$atio i the O44i$ia/ 7aJette o4 thi! oti$e% the $ompa y !ha// !ta d di!!o/5ed = P-o5ided that + "a# the /iabi/ity% i4 a y% o4 e5e-y di-e$to-% & [BBB) ma a3e- o- othe- o44i$e- 0ho 0a! e,e-$i!i 3 a y po0e- o- ma a3eme t% a d o4 e5e-y membe- o4 the $ompa y% !ha// $o ti 1e a d may be e 4o-$ed a! i4 the $ompa y had ot bee di!!o/5ed 2 a d "b# othi 3 i thi! !1b+!e$tio !ha// a44e$t the po0e- o4 the : [T-ib1 a/) to 0i d 1p a $ompa y the ame o4 0hi$h ha! bee !t-1$A o44 the -e3i!te-. "'# I4 a $ompa y% o- a y membe- o- $-edito- the-eo4% 4ee/! a33-ie5ed by the $ompa y ha5i 3 bee !t-1$A o44 the -e3i!te-% the : [T-ib1 a/)% o a app/i$atio made by the $ompa y% membe- o- $-edito- be4o-e the e,pi-y o4 t0e ty yea-! 4-om the p1b/i$atio i the O44i$ia/ 7aJette o4 the oti$e a4o-e!aid% may% i4 !ati!4ied that the $ompa y 0a!% at the time
o4 the !t-iAi 3 o44% $a--yi 3 o b1!i e!! o- i ope-atio o- othe-0i!e that it i! ;1!t that the $ompa y be -e!to-ed to the -e3i!te-% o-de- the ame o4 the $ompa y to be -e!to-ed to the -e3i!te- 2 a d the : [T-ib1 a/) may% by the o-de-% 3i5e !1$h di-e$tio ! a d maAe !1$h p-o5i!io ! a! !eem ;1!t 4o- p/a$i 3 the $ompa y a d a// othepe-!o ! i the !ame po!itio a! ea-/y a! may be a! i4 the ame o4 the $ompa y had ot bee !t-1$A o44. "># Dpo a $e-ti4ied $opy o4 the o-de- 1 de- !1b+ !e$tio "'# bei 3 de/i5e-ed to the Re3i!t-a- 4o-e3i!t-atio % the $ompa y !ha// be deemed to ha5e $o ti 1ed i e,i!te $e a! i4 it! ame had ot bee !t-1$A o44. "8# A /ette- o- oti$e to be !e t 1 dethi! !e$tio to a $ompa y may be add-e!!ed to the $ompa y at it! -e3i!te-ed o44i$e% o- i4 o o44i$e ha! bee -e3i!te-ed% to the $a-e o4 !ome di-e$to-% & [BBB) ma a3e- o- othe- o44i$e- o4 the $ompa y% o- i4 the-e i! o di-e$to-% & [BBB) ma a3e- o- o44i$e- o4 the $ompa y 0ho!e ame a d add-e!! a-e A o0 to the Re3i!t-a-% may be !e t to ea$h o4 the pe-!o ! 0ho !1b!$-ibed the memo-a d1m% add-e!!ed to him at
&. Wo-d! .% the ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!%. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. :. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. PART FIII= APPCICATION OF ACT TO COMPANIES FORME* OR RE7ISTERE* DN*ER PREFIODS COMPANIES CAWS @'&. APPCICATION OF ACT TO COMPANIES FORME* AN* RE7ISTERE* DN*ER PREFIODS COMPANIES CAWS Thi! A$t !ha// app/y to e,i!ti 3 $ompa ie! a! 4o//o0! = "a# i the $a!e o4 a /imited $ompa y othetha a $ompa y /imited by 31a-a tee% thi! A$t !ha// app/y i the !ame ma e- a! i4 the $ompa y had bee 4o-med a d -e3i!te-ed 1 dethi! A$t a! a $ompa y /imited by !ha-e! 2 "b# i the $a!e o4 a $ompa y /imited by 31a-a tee% thi! A$t !ha// app/y i the !ame ma e- a! i4 the $ompa y had bee 4o-med a d -e3i!te-ed 1 dethi! A$t a! a $ompa y /imited by 31a-a tee 2 a d "$# i the $a!e o4 a $ompa y othetha a /imited $ompa y% thi! A$t% !ha// app/y i the !ame ma e- a! i4 the $ompa y
had bee 4o-med a d -e3i!te-ed 1 dethi! A$t a! a 1 /imited $ompa y = P-o5ided that + "i# othi 3 i Tab/e A i S$hed1/e I !ha// app/y to a $ompa y 4o-med a d -e3i!te-ed 1 de- A$t &9 o4 &8@> a d A$t > o4 &8'(% o- eithe- o4 them% o- 1 de- the I dia Compa ie! A$t% &8'' "&( o4 &8''#% o- the I dia Compa ie! A$t% &88: "' o4 &88:# 2 "ii# -e4e-e $e% e,p-e!! o- imp/ied% to the date o4 -e3i!t-atio !ha// be $o !t-1ed a! a -e4e-e $e to the date at 0hi$h the $ompa y 0a! -e3i!te-ed 1 de- the p-e5io1! $ompa ie! /a0 $o $e- ed. @':. APPCICATION OF ACT TO COMPANIES RE7ISTERE* BDT NOT FORME* DN*ER PREFIODS COMPANIES CAWS Thi! A$t !ha// app/y to e5e-y $ompa y -e3i!te-ed b1t ot 4o-med 1 de- a y p-e5io1! $ompa ie! /a0 i the !ame ma e- a! it i! i Pa-t IK o4 thi! A$t de$/a-ed to app/y to $ompa ie! -e3i!te-ed b1t ot 4o-med 1 dethi! A$t = Pa3e ::' o4 33: P-o5ided that -e4e-e $e% e,p-e!! o- imp/ied% to the date o4 -e3i!t-atio !ha// be $o !t-1ed a! a -e4e-e $e to the date at 0hi$h the $ompa y 0a! -e3i!te-ed 1 de- the p-e5io1! $ompa ie! /a0 $o $e- ed.
@'3. APPCICATION OF ACT TO DNCIMITE* COMPANIES RE7ISTERE* DN*ER PREFIODS COMPANIES CAWS Thi! A$t !ha// app/y to e5e-y 1 /imited $ompa y -e3i!te-ed a! a /imited $ompa y i p1-!1a $e o4 a y p-e5io1! $ompa ie! /a0% i the !ame ma e- a! it app/ie! to a 1 /imited $ompa y -e3i!te-ed i p1-!1a $e o4 thi! A$t a! a /imited $ompa y = P-o5ided that -e4e-e $e% e,p-e!! o- imp/ied% to the date o4 -e3i!t-atio !ha// be $o !t-1ed a! a -e4e-e $e to the date at 0hi$h the $ompa y 0a! -e3i!te-ed a! a /imited $ompa y 1 de- the p-e5io1! $ompa ie! /a0 $o $e- ed. @'<. MO*E OF TRANSFERRIN7 S8ARES IN T8E CASE OF COMPANIES RE7ISTERE* DN*ER ACTS &9 OF &8@> AN* > OF &8'( A $ompa y -e3i!te-ed 1 de- A$t &9 o4 &8@> a d A$t > o4 &8'( o- eithe- o4 them may $a1!e it! !ha-e! to be t-a !4e--ed i the ma e- hithe-to i 1!e% o- i !1$h othema ea! the $ompa y may di-e$t.
COMPANIES ACT% &9@' [A$t No. & OF &9@')
PART IK = COMPANIES ADT8ORISE* TO RE7ISTER DN*ER T8IS ACT @'@. COMPANIES CAPABCE OF BEIN7 RE7ISTERE* "&# With the e,$eptio ! a d !1b;e$t to the p-o5i!io ! $o tai ed i thi! !e$tio % + "a# a y $ompa y $o !i!ti 3 o4 !e5e o- mo-e membe-!% 0hi$h 0a! i e,i!te $e o the 4i-!t day o4 May% &88:% i $/1di 3 a y $ompa y -e3i!te-ed 1 de- A$t No. &9 o4 &8@> a d A$t No. > o4 &8'( o- eithe- o4 them o- 1 dea y /a0! o- /a0 i 4o-$e i a Pa-t B State% $o--e!po di 3 to tho!e A$t! o- eithe- o4 them 2 a d "b# a y $ompa y 4o-med a4te- the date a4o-e!aid% 0hethe- be4o-e o- a4te- the $omme $eme t o4 thi! A$t% i p1-!1a $e o4 a y A$t o4 Pa-/iame t othetha thi! A$t o- o4 a y othe- I dia /a0 "i $/1di 3 a /a0 i 4o-$e i a Pa-t B State#% o- o4 a y A$t o4 Pa-/iame t o4 the D ited 6i 3dom o- Cette-! Pate t i 4o-$e i I dia% o- bei 3 othe-0i!e d1/y $o !tit1ted a$$o-di 3 to /a0% a d $o !i!ti 3 o4 !e5e o- mo-e membe-! 2 may at a y time -e3i!te- 1 dethi! A$t a! a 1 /imited $ompa y% o- a! a $ompa y /imited by !ha-e!% o- a! a $ompa y /imited by 31a-a tee 2 a d the -e3i!t-atio !ha// ot be i 5a/id by -ea!o o /y that it ha! taAe p/a$e 0ith a 5ie0 to the
$ompa y?! bei 3 0o1 d 1p = P-o5ided that + "i# a $ompa y -e3i!te-ed 1 de- the I dia Compa ie! A$t% &88: "' o4 &88:# o- 1 de- the I dia Compa ie! A$t% &9&3 "> o4 &9&3#% !ha// ot -e3i!te- i p1-!1a $e o4 thi! !e$tio 2 "ii# a $ompa y ha5i 3 the /iabi/ity o4 it! membe-! /imited by a y A$t o4 Pa-/iame t othetha thi! A$t oby a y otheI dia /a0 "i $/1di 3 a /a0 i 4o-$e i a Pa-t B State#% o- by a y A$t o4 Pa-/iame t o4 the D ited 6i 3dom oCette-! Pate t i 4o-$e i I dia% a d ot bei 3 a ;oi t+!to$A $ompa y a! de4i ed i !e$tio @''% !ha// ot -e3i!tei p1-!1a $e o4 thi! !e$tio 2 "iii# a $ompa y ha5i 3 the /iabi/ity o4 it! membe-! /imited by a y A$t o4 Pa-/iame t othetha thi! A$t oby a y otheI dia /a0 "i $/1di 3 a /a0 i 4o-$e i a Pa-t B State#% o- a y A$t o4 Pa-/iame t o4 the D ited 6i 3dom oCette-! Pate t i 4o-$e i I dia% !ha// ot -e3i!te- i p1-!1a $e o4 thi! !e$tio a! a 1 /imited $ompa y o- a! a $ompa y /imited by 31a-a tee 2 "i5# a $ompa y that i! ot a ;oi t+!to$A $ompa y a! de4i ed i !e$tio @'' !ha// ot -e3i!te- i p1-!1a $e o4 thi! !e$tio a! a $ompa y /imited by !ha-e! 2
"5# a $ompa y !ha// ot -e3i!te- i p1-!1a $e o4 thi! !e$tio 0itho1t the a!!e t o4 a ma;o-ity o4 !1$h o4 it! membe-! a! a-e p-e!e t i pe-!o % o- 0he-e p-o,ie! a-e a//o0ed% by p-o,y% at a 3e e-a/ meeti 3 !1mmo ed 4o- the p1-po!e 2 "5i# 0he-e a $ompa y ot ha5i 3 the /iabi/ity o4 it! membe-! /imited by a y A$t o4 Pa-/iame t o- a y otheI dia /a0 "i $/1di 3 a /a0 i 4o-$e i a Pa-t B State# o- by a y A$t o4 Pa-/iame t o4 the D ited 6i 3dom o- Cette-! Pate t i 4o-$e i I dia% i! abo1t to -e3i!te- a! a /imited $ompa y% the ma;o-ity -e91i-ed to a!!e t a! a4o-e!aid !ha// $o !i!t o4 ot /e!! tha th-ee+4o1-th! o4 the membe-! p-e!e t i pe-!o % o- 0he-e p-o,ie! a-e a//o0ed% by p-o,y% at the meeti 3 2 "5ii# 0he-e a $ompa y i! abo1t to -e3i!te- a! a $ompa y /imited by 31a-a tee% the a!!e t to it! bei 3 !o -e3i!te-ed !ha// be a$$ompa ied by a -e!o/1tio de$/a-i 3 that ea$h membe- 1 de-taAe! to $o t-ib1te to the a!!et! o4 the $ompa y% i the e5e t o4 it! bei 3 0o1 d 1p 0hi/e he i! a membe-% o- 0ithi o e yea- a4te- he $ea!e! to be a membe-% 4o- payme t o4 the debt! a d /iabi/itie! o4 the $ompa y o- o4 !1$h debt! a d /iabi/itie! a! may ha5e bee
$o t-a$ted be4o-e he $ea!e! to be a membe-% a d o4 the $o!t!% $ha-3e! a d e,pe !e! o4 0i di 3 1p% a d 4o- the ad;1!tme t o4 the -i3ht! o4 the $o t-ib1to-ie! amo 3 them!e/5e!% !1$h amo1 t a! may be -e91i-ed% ot e,$eedi 3 a !pe$i4ied amo1 t. ":# I $omp1ti 3 a y ma;o-ity -e91i-ed 4o- the p1-po!e! o4 !1b+ !e$tio "&# 0he a po// i! dema ded% -e3a-d !ha// be had to the 1mbe- o4 5ote! to 0hi$h ea$h membe- i! e tit/ed a$$o-di 3 to the -e31/atio ! o4 the $ompa y. "3# Nothi 3 i thi! !e$tio !ha// be deemed to app/y to a y $ompa y the -e3i!te-ed o44i$e 0he-eo4 at the $omme $eme t o4 thi! A$t i! i B1-ma% Ade oPaAi!ta . @''. *EFINITION OF .IOINT+STOC6 COMPANG. "&# Fo- the p1-po!e! o4 thi! Pa-t% !o 4a- a! it -e/ate! to the -e3i!t-atio o4 $ompa ie! a! $ompa ie! /imited by !ha-e!% a ;oi t+!to$A $ompa y mea ! a $ompa y ha5i 3 a pe-ma e t paid+1p o- omi a/ !ha-e $apita/ o4 4i,ed amo1 t di5ided i to !ha-e!% a/!o o4 4i,ed amo1 t% o- he/d a d t-a !4e-ab/e a! !to$A% o- di5ided a d he/d pa-t/y i the o e 0ay a d Pa3e ::> o4 33: pa-t/y i the othe-% a d 4o-med o the p-i $ip/e o4 ha5i 3 4o- it! membe-! the ho/de-! o4 tho!e !ha-e! othat !to$A% a d o othepe-!o !.
":# S1$h a $ompa y% 0he -e3i!te-ed 0ith /imited /iabi/ity 1 dethi! A$t% !ha// be deemed to be a $ompa y /imited by !ha-e!. @'>. REHDIREMENTS FOR RE7ISTRATION OF IOINT+STOC6 COMPANIES Be4o-e the -e3i!t-atio i p1-!1a $e o4 thi! Pa-t o4 a ;oi t+!to$A $ompa y% the-e !ha// be de/i5e-ed to the Re3i!t-a- the 4o//o0i 3 do$1me t! = + "a# a /i!t !ho0i 3 the ame!% add-e!!e!% a d o$$1patio ! o4 a// pe-!o ! 0ho o a day amed i the /i!t% ot bei 3 mo-e tha !i, $/ea- day! be4o-e the day o4 -e3i!t-atio % 0e-e membe-! o4 the $ompa y% 0ith the additio o4 the !ha-e! o- !to$A he/d by them -e!pe$ti5e/y% di!ti 31i!hi 3% i $a!e! 0he-e the !ha-e! a-e 1mbe-ed% ea$h !ha-e by it! 1mbe-2 "b# a $opy o4 a y A$t o4 Pa-/iame t o- othe- I dia /a0% A$t o4 Pa-/iame t o4 the D ited 6i 3dom% Roya/ Cha-te-% Cette-! Pate t% deed o4 !ett/eme t% deed o4 pa-t e-!hip o- othe- i !t-1me t $o !tit1ti 3 o- -e31/ati 3 the $ompa y 2 a d "$# i4 the $ompa y i! i te ded to be -e3i!te-ed a! /imited $ompa y% a !tateme t !pe$i4yi 3 the 4o//o0i 3 pa-ti$1/a-!= +
"i# the omi a/ !ha-e $apita/ o4 the $ompa y a d the 1mbe- o4 !ha-e! i to 0hi$h it i! di5ided o- the amo1 t o4 !to$A o4 0hi$h it $o !i!t! 2 "ii# the 1mbe- o4 !ha-e! taAe a d the amo1 t paid o ea$h !ha-e 2 "iii# the ame o4 the $ompa y% 0ith the additio o4 the 0o-d .Cimited. o- .P-i5ate Cimited. a! the $a!e may -e91i-e% a! the /a!t 0o-d o- 0o-d! the-eo4 2 a d "i5# i the $a!e o4 a $ompa y i te ded to be -e3i!te-ed a! a $ompa y /imited by 31a-a tee% a $opy o4 the -e!o/1tio de$/a-i 3 the amo1 t o4 the 31a-a tee. @'8. REHDIREMENTS FOR RE7ISTRATION OF COMPANIES NOT BEIN7 IOINT+STOC6 COMPANIES Be4o-e the -e3i!t-atio i p1-!1a $e o4 thi! Pa-t o4 a y $ompa y ot bei 3 a ;oi t+!to$A $ompa y% the-e !ha// be de/i5e-ed to the Re3i!t-a- the 4o//o0i 3 do$1me t! = + "a# a /i!t !ho0i 3 the ame!% add-e!!e! a d o$$1patio ! o4 the di-e$to-!% & [BBB) a d the ma a3e-% i4 a y% o4 the $ompa y 2 "b# a $opy o4 a y A$t o4 Pa-/iame t o- othe- I dia /a0% A$t o4 Pa-/iame t o4 the D ited 6i 3dom% Cette-! Pate t% deed
o4 !ett/eme t% deed o4 pa-t e-!hip o- othe- i !t-1me t $o !tit1ti 3 o- -e31/ati 3 the $ompa y 2 a d "$# i the $a!e o4 a $ompa y i te ded to be -e3i!te-ed a! a $ompa y /imited by 31a-a tee% a $opy o4 the -e!o/1tio de$/a-i 3 the amo1 t o4 the 31a-a tee. &. Wo-d! .the ma a3i 3 a3e t% i4 a y% the !e$-eta-ie! a d t-ea!1-e-!% i4 a y%. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. @'9. ADT8ENTICATION OF STATEMENTS OF EKISTIN7 COMPANIES The /i!t! o4 membe-! a d di-e$to-! a d a y othepa-ti$1/a-! -e/ati 3 to the $ompa y -e91i-ed to be de/i5e-ed to the Re3i!t-a- !ha// be d1/y 5e-i4ied by the de$/a-atio o4 a y t0o o- mo-e di-e$to-! o- othe- p-i $ipa/ o44i$e-! o4 the $ompa y. @>(. POWER OF RE7ISTRAR TO REHDIRE EFI*ENCE AS TO NATDRE OF COMPANG The Re3i!t-a- may -e91i-e !1$h e5ide $e a! he thi A! e$e!!a-y 4o- the p1-po!e o4 !ati!4yi 3 him!e/4 0hethe- a y $ompa y p-opo!i 3 to be -e3i!te-ed i! o- i! ot a ;oi t+ !to$A $ompa y a! de4i ed i !e$tio @''. @>&. NOTICE TO CDSTOMERS ON RE7ISTRATION OF BAN6IN7 COMPANG WIT8 CIMITE* CIABICITG
"&# Whe-e a ba Ai 3 $ompa y 0hi$h 0a! i e,i!te $e o the 4i-!t day o4 May% &88:% p-opo!e! to -e3i!te- a! a /imited $ompa y 1 dethi! Pa-t% it !ha//% at /ea!t thi-ty day! be4o-e !o -e3i!te-i 3% 3i5e oti$e o4 it! i te tio !o to -e3i!te-% to e5e-y pe-!o 0ho ha! a ba Ai 3 a$$o1 t 0ith the $ompa y% eitheby de/i5e-y o4 the oti$e to him% o- by po!ti 3 it to him at% o- de/i5e-i 3 it at% hi! /a!t A o0 add-e!!. ":# I4 the ba Ai 3 $ompa y omit! to 3i5e the oti$e -e91i-ed by !1b+!e$tio "&#% the % a! bet0ee the $ompa y a d the pe-!o 4o- the time bei 3 i te-e!ted i the a$$o1 t i -e!pe$t o4 0hi$h the oti$e o13ht to ha5e bee 3i5e % a d !o 4aa! -e!pe$t! the a$$o1 t do0 to the time at 0hi$h oti$e i! 3i5e % b1t ot 41-the- o- othe-0i!e% the $e-ti4i$ate o4 -e3i!t-atio 0ith /imited /iabi/ity !ha// ha5e o ope-atio . @>:. C8AN7E OF NAME FOR PDRPOSES OF RE7ISTRATION Whe-e the ame o4 a $ompa y !eeAi 3 -e3i!t-atio 1 dethi! Pa-t i! o e 0hi$h i the opi io o4 the Ce t-a/ 7o5e- me t i! 1 de!i-ab/e% the $ompa y may% 0ith the app-o5a/ o4 the Ce t-a/ 7o5e- me t !i3 i4ied i 0-iti 3%
$ha 3e it! ame 0ith e44e$t 4-om the date o4 it! -e3i!t-atio 1 dethi! Pa-t = P-o5ided that the /iAe a!!e t o4 the membe-! o4 the $ompa y !ha// be -e91i-ed to the $ha 3e o4 ame a! i! -e91i-ed by !e$tio @'@ to the -e3i!t-atio o4 the $ompa y 1 dethi! Pa-t. @>3. A**ITION OF .CIMITE*. OR .PRIFATE CIMITE*. TO NAME Whe a $ompa y -e3i!te-! i p1-!1a $e o4 thi! Pa-t 0ith /imited /iabi/ity% the 0o-d .Cimited. o- the 0o-d! .P-i5ate Cimited.% a! the $a!e may be% !ha// 4o-m% a d be -e3i!te-ed a!% the /a!t 0o-d o- 0o-d! o4 it! ame = Pa3e ::8 o4 33: P-o5ided that thi! !e$tio !ha// ot be deemed to e,$/1de the ope-atio o4 !e$tio :@. @><. CERTIFICATE OF RE7ISTRATION OF EKISTIN7 COMPANIES O $omp/ia $e 0ith the -e91i-eme t! o4 thi! Pa-t 0ith -e!pe$t to -e3i!t-atio % a d o payme t o4 !1$h 4ee!% i4 a y% a! a-e payab/e 1 de- S$hed1/e K% the Re3i!t-a- !ha// $e-ti4y 1 de- hi! ha d that the $ompa y app/yi 3 4o-e3i!t-atio i! i $o-po-ated a! a $ompa y 1 dethi! A$t% a d i the $a!e o4 a /imited $ompa y that it i! /imited a d the-e1po the $ompa y !ha// be !o i $o-po-ated.
@>@. FESTIN7 OF PROPERTG ON RE7ISTRATION A// p-ope-ty% mo5ab/e a d immo5ab/e "i $/1di 3 a$tio ab/e $/aim!#% be/o 3i 3 to o- 5e!ted i a $ompa y at the date o4 it! -e3i!t-atio i p1-!1a $e o4 thi! Pa-t% !ha//% o !1$h -e3i!t-atio % pa!! to a d 5e!t i the $ompa y a! i $o-po-ated 1 dethi! A$t 4o- a// the e!tate a d i te-e!t o4 the $ompa y the-ei . $ompa y. A! the 5e!ti 3 o4 p-ope-ty i! 1 de!tat1to-y p-o5i!io !% o i !t-1me t o4 t-a !4e- i! e$e!!a-y the-e4o-. I4 the $o !tit1tio o4 the pa-t e-!hip 4i-m i! $ha 3ed i to that o4 a $ompa y by -e3i!te-i 3 it 1 de- Pa-t IK o4 thi! A$t% the-e !ha// be !tat1to-y 5e!ti 3 o4 the tit/e o4 a// the p-ope-ty o4 the p-e5io1! 4i-m i the e0/y i $o-po-ated $ompa y 0itho1t a y eed 4o- a !epa-ate $o 5eya $e + Fa/i Pattabhi-ama Rao 5. S-i Rama 1;a 7i i 3 M Ri$e Fa$to-y "P# Ctd. "&98'# '( Comp. Ca!. @'8 "AP#. @>'. SAFIN7 FOR EKISTIN7 CIABICITIES The -e3i!t-atio o4 a $ompa y i p1-!1a $e o4 thi! Pa-t !ha// ot a44e$t it! -i3ht! o- /iabi/itie! i -e!pe$t o4 a y debt oob/i3atio i $1--ed% o- a y $o t-a$t e te-ed i to% by% to% 0ith% o- o beha/4 o4% the $ompa y be4o-e -e3i!t-atio .
@>>. CONTINDATION OF PEN*IN7 CE7AC PROCEE*IN7S A// !1it! a d othe- /e3a/ p-o$eedi 3! taAe by oa3ai !t the $ompa y% o- a y p1b/i$ o44i$e- o- membethe-eo4% 0hi$h a-e pe di 3 at the time o4 the -e3i!t-atio o4 a $ompa y i p1-!1a $e o4 thi! Pa-t% may be $o ti 1ed i the !ame ma e- a! i4 the -e3i!t-atio had ot taAe p/a$e = P-o5ided that e,e$1tio !ha// ot i!!1e a3ai !t the p-ope-ty o- pe-!o o4 a y i di5id1a/ membe- o4 the $ompa y o a y de$-ee o- o-de- obtai ed i a y !1$h !1it op-o$eedi 3 2 b1t% i the e5e t o4 the p-ope-ty o4 the $ompa y bei 3 i !144i$ie t to !ati!4y the de$-ee o- o-de-% a o-de- may be obtai ed 4o- 0i di 3 1p the $ompa y. @>8. EFFECT OF RE7ISTRATION DN*ER PART "&# Whe a $ompa y i! -e3i!te-ed i p1-!1a $e o4 thi! Pa-t% !1b+!e$tio ! ":# to "># !ha// app/y. ":# A// p-o5i!io ! $o tai ed i a y A$t o4 Pa-/iame t oothe- I dia /a0% o- othe- i !t-1me t $o !tit1ti 3 o-e31/ati 3 the $ompa y% i $/1di 3% i the $a!e o4 a $ompa y -e3i!te-ed a! a $ompa y /imited by 31a-a tee% the -e!o/1tio de$/a-i 3 the amo1 t o4 the 31a-a tee% !ha// be deemed to be $o ditio ! a d -e31/atio ! o4 the $ompa y% i the !ame
ma e- a d 0ith the !ame i $ide t! a! i4 !o m1$h the-eo4 a! 0o1/d% i4 the $ompa y had bee 4o-med 1 dethi! A$t% ha5e bee -e91i-ed to be i !e-ted i the memo-a d1m% 0e-e $o tai ed i a -e3i!te-ed memo-a d1m% a d the -e!id1e the-eo4 0e-e $o tai ed i -e3i!te-ed a-ti$/e!. "3# A// the p-o5i!io ! o4 thi! A$t !ha// app/y to the $ompa y a d the membe-!% $o t-ib1to-ie! a d $-edito-! the-eo4% i the !ame ma e- i a// -e!pe$t! a! i4 it had bee 4o-med 1 dethi! A$t% !1b;e$t a! 4o//o0! = "a# Tab/e A i S$hed1/e I !ha// ot app/y 1 /e!! a d e,$ept i !o4a- a! it i! adopted by !pe$ia/ -e!o/1tio 2 "b# the p-o5i!io ! o4 thi! A$t -e/ati 3 to the 1mbe-i 3 o4 !ha-e! !ha// ot app/y to a y ;oi t+!to$A $ompa y 0ho!e !ha-e! a-e ot 1mbe-ed 2 "$# !1b;e$t to the p-o5i!io ! o4 thi! !e$tio % the $ompa y !ha// ot ha5e po0e- to a/te- a y p-o5i!io $o tai ed i a y A$t o4 Pa-/iame t o- othe- I dia /a0 -e/ati 3 to the $ompa y2 "d# !1b;e$t to the p-o5i!io ! o4 thi! !e$tio % the $ompa y !ha// ot ha5e po0e-% 0itho1t the !a $tio o4 the Ce t-a/ 7o5e- me t% to a/te- a y p-o5i!io $o tai ed i a y A$t o4 Pa-/iame t o4 the D ited 6i 3dom% Roya/ Cha-te- o- Cette-! Pate t% -e/ati 3 to the $ompa y 2
"e# the $ompa y !ha// ot ha5e po0e- to a/te- a y p-o5i!io $o tai ed i a y A$t o4 Pa-/iame t o- otheI dia /a0 oi a y A$t o4 Pa-/iame t o4 the D ited 6i 3dom% Roya/ Cha-te- o- Cette-! Pate t% 0ith -e!pe$t to the ob;e$t! o4 the $ompa y 2 "4# i the e5e t o4 the $ompa y bei 3 0o1 d 1p% e5e-y pe-!o !ha// be a $o t-ib1to-y% i -e!pe$t o4 the debt! a d /iabi/itie! o4 the $ompa y $o t-a$ted be4o-e -e3i!t-atio % 0ho i! /iab/e to pay o- $o t-ib1te to the payme t o4 a y debt o/iabi/ity o4 the $ompa y $o t-a$ted be4o-e -e3i!t-atio % o- to pay o- $o t-ib1te to the payme t o4 a y !1m 4othe ad;1!tme t o4 the -i3ht! o4 the membe-! amo 3 them!e/5e! i -e!pe$t o4 a y !1$h debt o- /iabi/ity% oto pay o$o t-ib1te to the payme t o4 the $o!t!% $ha-3e! a d e,pe !e! o4 0i di 3 1p the $ompa y% !o 4a- a! -e/ate! to !1$h debt! o- /iabi/itie! a! a4o-e!aid 2 "3# i the e5e t o4 the $ompa y bei 3 0o1 d 1p% e5e-y $o t-ib1to-y !ha// be /iab/e to $o t-ib1te to the a!!et! o4 the $ompa y% i the $o1-!e o4 the 0i di 3 1p% a// !1m! d1e 4-om him i -e!pe$t o4 a y !1$h /iabi/ity a! a4o-e!aid 2 a d i
the e5e t o4 the death o- i !o/5e $y o4 a y $o t-ib1to-y% the p-o5i!io ! o4 thi! A$t 0ith -e!pe$t to the /e3a/ -ep-e!e tati5e! o4 de$ea!ed $o t-ib1to-ie!% o- 0ith -e!pe$t to the a!!i3 ee! o4 i !o/5e t $o t-ib1to-ie!% a! the $a!e may be% !ha// app/y. "<# The p-o5i!io ! o4 thi! A$t 0ith -e!pe$t to + "a# the -e3i!t-atio o4 a 1 /imited a! a /imited $ompa y 2 Pa3e ::9 o4 33: "b# the po0e-! o4 a 1 /imited $ompa y o -e3i!t-atio a! a /imited $ompa y% to i $-ea!e the omi a/ amo1 t o4 it! !ha-e $apita/ a d to p-o5ide that a po-tio o4 it! !ha-e $apita/ !ha// ot be $apab/e o4 bei 3 $a//ed 1p e,$ept i the e5e t o4 0i di 3 1p 2 "$# the po0e- o4 a /imited $ompa y to dete-mi e that a po-tio o4 it! !ha-e $apita/ !ha// ot be $apab/e o4 bei 3 $a//ed 1p e,$ept i the e5e t o4 0i di 3 1p 2 !ha// app/y% ot0ith!ta di 3 a y p-o5i!io ! $o tai ed i a y A$t o4 Pa-/iame t o- othe- I dia /a0% o- othei !t-1me t $o !tit1ti 3 o- -e31/ati 3 the $ompa y. "@# Nothi 3 i thi! !e$tio !ha// a1tho-i!e the $ompa y to a/te- a y !1$h p-o5i!io ! $o tai ed i a y i !t-1me t $o !tit1ti 3 o- -e31/ati 3 the $ompa y a! 0o1/d% i4 the $ompa y had o-i3i a//y bee 4o-med 1 dethi! A$t% ha5e bee
-e91i-ed to be $o tai ed i the memo-a d1m a d a-e ot a1tho-i!ed to be a/te-ed by thi! A$t. "'# No e o4 the p-o5i!io ! o4 thi! A$t "apa-t 4-om tho!e o4 !e$tio <(<# !ha// de-o3ate 4-om a y po0e- o4 a/te-i 3 it! $o !tit1tio o- -e31/atio ! 0hi$h may be 5e!ted i the $ompa y% by 5i-t1e o4 a y A$t o4 Pa-/iame t o- otheI dia /a0% o- othe- i !t-1me t $o !tit1ti 3 o- -e31/ati 3 the $ompa y. "># I thi! !e$tio % the e,p-e!!io .i !t-1me t. i $/1de! deed o4 !ett/eme t% deed o4 pa-t e-!hip% A$t o4 Pa-/iame t o4 the D ited 6i 3dom% Roya/ Cha-te- a d Cette-! Pate t. @>9. POWER TO SDBSTITDTE MEMORAN*DM AN* ARTICCES FOR *EE* OF SETTCEMENT "&# S1b;e$t to the p-o5i!io ! o4 thi! !e$tio % a $ompa y -e3i!te-ed i p1-!1a $e o4 thi! Pa-t may% by !pe$ia/ -e!o/1tio % a/te- the 4o-m o4 it! $o !tit1tio by !1b!tit1ti 3 a memo-a d1m a d a-ti$/e! 4o- a deed o4 !ett/eme t. ":# The p-o5i!io ! o4 !e$tio ! &> to &9 0ith -e!pe$t to a a/te-atio o4 the ob;e$t! o4 a $ompa y !ha//% !o 4aa! app/i$ab/e% app/y to a y a/te-atio 1 dethi! !e$tio % 0ith the 4o//o0i 3 modi4i$atio ! = "a# the-e !ha// be !1b!tit1ted 4o- the p-i ted $opy o4 the a/te-ed memo-a d1m -e91i-ed to be 4i/ed 0ith the Re3i!t-a- a
p-i ted $opy o4 the !1b!tit1ted memo-a d1m a d a-ti$/e! 2 a d "b# o the -e3i!t-atio o4 the a/te-atio bei 3 $e-ti4ied by the Re3i!t-a-% the !1b!tit1ted memo-a d1m a d a-ti$/e! !ha// app/y to the $ompa y i the !ame ma e- a! i4 it 0e-e a $ompa y -e3i!te-ed 1 dethi! A$t 0ith that memo-a d1m a d tho!e a-ti$/e!% a d the $ompa y?! deed o4 !ett/eme t !ha// $ea!e to app/y to the $ompa y. "3# A a/te-atio 1 dethi! !e$tio may be made eithe- 0ith o- 0itho1t a y a/te-atio o4 the ob;e$t! o4 the $ompa y 1 dethi! A$t. "<# I thi! !e$tio % the e,p-e!!io .deed o4 !ett/eme t. i $/1de! a y deed o4 pa-t e-!hip% A$t o4 Pa-/iame t o4 the D ited 6i 3dom% Roya/ Cha-te- o- Cette-! Pate t% oothe- i !t-1me t $o !tit1ti 3 o- -e31/ati 3 the $ompa y% ot bei 3 a A$t o4 Pa-/iame t o- othe- I dia /a0. @8(. POWER OF CODRT TO STAG OR RESTRAIN PROCEE*IN7S The p-o5i!io ! o4 thi! A$t 0ith -e!pe$t to !tayi 3 a d -e!t-ai i 3 !1it! a d othe- /e3a/ p-o$eedi 3! a3ai !t a $ompa y at a y time a4te- the p-e!e tatio o4 a petitio 4o- a 0i di 3 1p a d be4o-e the maAi 3 o4 a 0i di 3 1p o-de-% !ha//% i
the $a!e o4 a $ompa y -e3i!te-ed i p1-!1a $e o4 thi! Pa-t% 0he-e the app/i$atio to !tay o- -e!t-ai i! by a $-edito-% e,te d to !1it! a d othe- /e3a/ p-o$eedi 3! a3ai !t a y $o t-ib1to-y o4 the $ompa y. @8&. SDITS STAGE* ON WIN*IN7 DP OR*ER Whe-e a o-deha! bee made 4o- 0i di 3 1p% o- a p-o5i!io a/ /i91idato- ha! bee appoi ted 4o-% a $ompa y -e3i!te-ed i p1-!1a $e o4 thi! Pa-t% o !1it o- othe/e3a/ p-o$eedi 3 !ha// be p-o$eeded 0ith o$omme $ed a3ai !t the $ompa y o- a y $o t-ib1to-y o4 the $ompa y i -e!pe$t o4 a y debt o4 the $ompa y% e,$ept by /ea5e o4 the & [T-ib1 a/) a d e,$ept o !1$h te-m! a! the & [T-ib1 a/) may impo!e. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# & [PART IKA) &. Pa-t IKA $o !i!ti 3 o4 !e$tio ! @8&A to @8&NT% i !e-ted by the Compa ie! "Ame dme t# A$t% :((: 0.e.4. '+ :+:((3.
C8APTER I= PRO*DCER COMPANIES @8&A. *EFINITIONS I thi! Pa-t% 1 /e!! the $o te,t othe-0i!e -e91i-e!% + "a# .a$ti5e Membe-. mea ! a membe- 0ho 41/4i/! the 91a t1m a d pe-iod o4 pat-o a3e o4 the P-od1$eCompa y a! may be -e91i-ed by the a-ti$/e! 2 "b# .Chie4 E,e$1ti5e. mea ! a i di5id1a/ appoi ted a! !1$h 1 de- !1b+!e$tio "&# o4 !e$tio @8&W 2 "$# ./imited -et1- . mea ! the ma,im1m di5ide d a! may be !pe$i4ied by the a-ti$/e! 2 "d# .Membe-. mea ! a pe-!o o- P-od1$e- i !tit1tio "0hethe- i $o-po-ated o- ot# admitted a! a Membe- o4 a P-od1$e- Compa y a d 0ho -etai ! the 91a/i4i$atio ! e$e!!a-y 4o- $o ti 1a $e a! !1$h 2 "e# .i te-+State $o+ope-ati5e !o$iety. mea ! a m1/ti+ State $o+ope-ati5e !o$iety a! de4i ed i $/a1!e "A# o4 !e$tio 3 o4 the M1/ti+State Co+ope-ati5e So$ietie! A$t% &98< "@& o4 &98<# a d i $/1de! a y $o+ope-ati5e !o$iety -e3i!te-ed 1 dea y othe- /a0 4o- the time bei 3 i 4o-$e% 0hi$h ha!% !1b!e91e t to it! 4o-matio % e,te ded a y o4 it! ob;e$t! to mo-e tha o e State by e /i!ti 3 the pa-ti$ipatio o4 pe-!o ! o- by e,te di 3 a y o4 it! a$ti5itie! o1t!ide the State% 0hethe-
di-e$t/y o- i di-e$t/y o- th-o13h a i !tit1tio o4 0hi$h it i! a $o !tit1e t 2 Pa3e :3( o4 33: "4# .m1t1a/ a!!i!ta $e p-i $ip/e!. mea ! the p-i $ip/e! !et o1t i !1b+!e$tio ":# o4 !e$tio @8&7 2 "3# .o44i$e-. i $/1de! a y di-e$to- o- Chie4 E,e$1ti5e oSe$-eta-y o- a y pe-!o i a$$o-da $e 0ith 0ho!e di-e$tio ! oi !t-1$tio ! pa-t o- 0ho/e o4 the b1!i e!! o4 the P-od1$e- Compa y i! $a--ied o 2 "h# .pat-o a3e. mea ! the 1!e o4 !e-5i$e! o44e-ed by the P-od1$e- Compa y to it! Membe-! by pa-ti$ipatio i it! b1!i e!! a$ti5itie! 2 "i# .pat-o a3e bo 1!. mea ! payme t! made by a P-od1$e- Compa y o1t o4 it! !1-p/1! i $ome to the Membe-! i p-opo-tio to thei- -e!pe$ti5e pat-o a3e 2 ";# .p-ima-y p-od1$e. mea ! + "i# p-od1$e o4 4a-me-!% a-i!i 3 4-om a3-i$1/t1-e "i $/1di 3 a ima/ h1!ba d-y% ho-ti$1/t1-e% 4/o-i$1/t1-e% pi!$i$1/t1-e% 5iti$1/t1-e% 4o-e!t-y% 4o-e!t p-od1$t!% -e+5e3etatio % bee -ai!i 3 a d 4a-mi 3 p/a tatio p-od1$t!#% o- 4-om a y othep-ima-y a$ti5ity o- !e-5i$e 0hi$h p-omote! the i te-e!t o4 the 4a-me-! o- $o !1me-! 2 o"ii# p-od1$e o4 pe-!o ! e 3a3ed i ha d/oom% ha di$-a4t a d othe- $otta3e i d1!t-ie! 2 "iii# a y p-od1$t -e!1/ti 3 4-om a y o4 the abo5e a$ti5itie!% i $/1di 3 by+p-od1$t! o4 !1$h p-od1$t! 2
"i5# a y p-od1$t -e!1/ti 3 4-om a a $i//a-y a$ti5ity that 0o1/d a!!i!t o- p-omote a y o4 the a4o-e!aid a$ti5itie! oa ythi 3 a $i//a-y the-eto 2 "5# a y a$ti5ity 0hi$h i! i te ded to i $-ea!e the p-od1$tio o4 a ythi 3 -e4e--ed to i !1b+$/a1!e! "i# to "i5# o- imp-o5e the 91a/ity the-eo4 2 "A# .p-od1$e-. mea ! a y pe-!o e 3a3ed i a y a$ti5ity $o e$ted 0ith o- -e/atab/e to a y p-ima-y p-od1$e 2 "/# .P-od1$e- Compa y. mea ! a body $o-po-ate ha5i 3 ob;e$t! o- a$ti5itie! !pe$i4ied i !e$tio @8&B a d -e3i!te-ed a! P-od1$e- Compa y 1 dethi! A$t 2 "m# .P-od1$e- i !tit1tio . mea ! a P-od1$eCompa y o- a y othe- i !tit1tio ha5i 3 o /y p-od1$eo- p-od1$e-! oP-od1$e- Compa y o- P-od1$e- Compa ie! a! it! membe- 0hethe- i $o-po-ated o- ot ha5i 3 a y o4 the ob;e$t! -e4e--ed to i !e$tio @8&B a d 0hi$h a3-ee! to maAe 1!e o4 the !e-5i$e! o4 the P-od1$e- Compa y oP-od1$eCompa ie! a! p-o5ided i it! a-ti$/e!. " # .0ithhe/d p-i$e. mea ! pa-t o4 the p-i$e d1e a d payab/e 4o- 3ood! !1pp/ied by a y Membe- to the P-od1$eCompa y 2 a d a! 0ithhe/d by the P-od1$e- Compa y 4o- payme t o a !1b!e91e t date.
C8APTER II= INCORPORATION OF PRO*DCER COMPANIES AN* OT8ER MATTERS @8&B. OBIECTS OF PRO*DCER COMPANG "&# The ob;e$t! o4 the P-od1$e- Compa y !ha// -e/ate to a// o- a y o4 the 4o//o0i 3 matte-!% ame/y = + "a# p-od1$tio % ha-5e!ti 3% p-o$1-eme t% 3-adi 3% poo/i 3% ha d/i 3% ma-Aeti 3% !e//i 3% e,po-t o4 p-ima-y p-od1$e o4 the Membe-! o- impo-t o4 3ood! o- !e-5i$e! 4o- theibe e4it= P-o5ided that the P-od1$e- Compa y may $a--y o a y o4 the a$ti5itie! !pe$i4ied i thi! $/a1!e eitheby it!e/4 oth-o13h othe- i !tit1tio 2 "b# p-o$e!!i 3 i $/1di 3 p-e!e-5i 3% d-yi 3% di!ti//i 3% b-e0i 3% 5i ti 3% $a i 3 a d pa$Aa3i 3 o4 p-od1$e o4 it! Membe-! 2 "$# ma 14a$t1-e% !a/e o- !1pp/y o4 ma$hi e-y% e91ipme t o- $o !1mab/e! mai /y to it! Membe-! 2 "d# p-o5idi 3 ed1$atio o the m1t1a/ a!!i!ta $e p-i $ip/e! to it! Membe-! a d othe-! 2 "e# -e de-i 3 te$h i$a/ !e-5i$e!% $o !1/ta $y !e-5i$e!% t-ai i 3% -e!ea-$h a d de5e/opme t a d a// othea$ti5itie! 4othe p-omotio o4 the i te-e!t! o4 it! Membe-! 2 "4# 3e e-atio % t-a !mi!!io a d di!t-ib1tio o4 po0e-% -e5ita/i!atio o4 /a d a d 0ate- -e!o1-$e!% thei- 1!e%
$o !e-5atio a d $omm1 i$atio ! -e/atab/e to p-ima-y p-od1$e 2 "3# i !1-a $e o4 p-od1$e-! o- thei- p-ima-y p-od1$e 2 "h# p-omoti 3 te$h i91e! o4 m1t1a/ity a d m1t1a/ a!!i!ta $e 2 "i# 0e/4a-e mea!1-e! o- 4a$i/itie! 4o- the be e4it o4 Membe-! a! may be de$ided by the Boa-d 2 ";# a y othe- a$ti5ity% a $i//a-y o- i $ide ta/ to a y o4 the a$ti5itie! -e4e--ed to i $/a1!e! "a# to "i# o- othea$ti5itie! 0hi$h may p-omote the p-i $ip/e! o4 m1t1a/ity a d m1t1a/ a!!i!ta $e amo 3!t the Membe-! i a y othema e- 2 "A# 4i a $i 3 o4 p-o$1-eme t% p-o$e!!i 3% ma-Aeti 3 oothe- a$ti5itie! !pe$i4ied i $/a1!e! "a# to ";# 0hi$h i $/1de e,te di 3 o4 $-edit 4a$i/itie! o- a y othe- 4i a $ia/ !e-5i$e! to it! Membe-!. ":# E5e-y P-od1$e- Compa y !ha// dea/ p-ima-i/y 0ith the p-od1$e o4 it! a$ti5e Membe-! 4o- $a--yi 3 o1t a y o4 it! ob;e$t! !pe$i4ied i thi! !e$tio . @8&C. FORMATION OF PRO*DCER COMPANG AN* ITS RE7ISTRATION "&# A y te o- mo-e i di5id1a/!% ea$h o4 them bei 3 a p-od1$e- o- a y t0o o- mo-e P-od1$e- i !tit1tio !% o- a $ombi atio o4 te o- mo-e i di5id1a/! a d P-od1$ei !tit1tio !% de!i-o1! o4 4o-mi 3 a P-od1$e- Compa y ha5i 3 it!
ob;e$t! !pe$i4ied i !e$tio @8&B a d othe-0i!e $omp/yi 3 0ith the -e91i-eme t! o4 thi! Pa-t a d the p-o5i!io ! o4 thi! A$t i -e!pe$t o4 -e3i!t-atio % may 4o-m a i $o-po-ated Compa y a! a P-od1$e- Compa y 1 dethi! A$t. ":# I4 the Re3i!t-a- i! !ati!4ied that a// the -e91i-eme t! o4 thi! A$t ha5e bee $omp/ied 0ith i -e!pe$t o4 -e3i!t-atio a d matte-! p-e$ede t a d i $ide ta/ the-eto% he !ha//% 0ithi thi-ty day! o4 the -e$eipt o4 the do$1me t! -e91i-ed 4o-e3i!t-atio % -e3i!te- the memo-a d1m% the a-ti$/e! a d othedo$1me t!% i4 a y% a d i!!1e a $e-ti4i$ate o4 i $o-po-atio 1 dethi! A$t. "3# A P-od1$e- Compa y !o 4o-med !ha// ha5e the /iabi/ity o4 it! Membe-! /imited by the memo-a d1m to the amo1 t% i4 a y% 1 paid o the !ha-e! -e!pe$ti5e/y he/d by them a d be te-med a $ompa y /imited by !ha-e!. Pa3e :3& o4 33: "<# The P-od1$e- Compa y may -eimb1-!e to it! p-omote-! a// othedi-e$t $o!t! a!!o$iated 0ith the p-omotio a d -e3i!t-atio o4 the $ompa y i $/1di 3 -e3i!t-atio % /e3a/ 4ee!% p-i ti 3 o4 a memo-a d1m a d a-ti$/e! a d the payme t the-eo4 !ha// be !1b;e$t to the app-o5a/ at it! 4i-!t 3e e-a/ meeti 3 o4 the Membe-!.
"@# O -e3i!t-atio 1 de- !1b+!e$tio "&#% the P-od1$e- Compa y !ha// be$ome a body $o-po-ate a! i4 it i! a p-i5ate /imited $ompa y to 0hi$h the p-o5i!io ! $o tai ed i thi! Pa-t app/y% 0itho1t% ho0e5e-% a y /imit to the 1mbe- o4 Membe-! the-eo4% a d the P-od1$e- Compa y !ha// ot% 1 de- a y $i-$1m!ta $e% 0hat!oe5e-% be$ome obe deemed to be$ome a p1b/i$ /imited $ompa y 1 dethi! A$t. @8&*. MEMBERS8IP AN* FOTIN7 RI78TS OF MEMBERS OF PRO*DCER COMPANG "&# "a# I a $a!e 0he-e the membe-!hip $o !i!t! !o/e/y o4 i di5id1a/ membe-!% the 5oti 3 -i3ht! !ha// be ba!ed o a !i 3/e 5ote 4o- e5e-y Membe-% i--e!pe$ti5e o4 hi! !ha-eho/di 3 o- pat-o a3e o4 the P-od1$e- Compa y. "b# I a $a!e 0he-e the membe-!hip $o !i!t! o4 P-od1$e- i !tit1tio ! o /y% the 5oti 3 -i3ht! o4 !1$h P-od1$ei !tit1tio ! !ha// be dete-mi ed o the ba!i! o4 theipa-ti$ipatio i the b1!i e!! o4 the P-od1$e- Compa y i the p-e5io1! yea-% a! may be !pe$i4ied by a-ti$/e! = P-o5ided that d1-i 3 the 4i-!t yea- o4 -e3i!t-atio o4 a P-od1$e- Compa y% the 5oti 3 -i3ht! !ha// be dete-mi ed o the ba!i! o4 the !ha-eho/di 3 by !1$h P-od1$ei !tit1tio !.
"$# I a $a!e 0he-e the membe-!hip $o !i!t! o4 i di5id1a/! a d P-od1$e- i !tit1tio !% the 5oti 3 -i3ht! !ha// be $omp1ted o the ba!i! o4 a !i 3/e 5ote 4o- e5e-y Membe-. ":# The a-ti$/e! o4 a y P-od1$e- Compa y may p-o5ide 4o- the $o ditio !% !1b;e$t to 0hi$h a Membemay $o ti 1e to -etai hi! membe-!hip% a d the ma e- i 0hi$h 5oti 3 -i3ht! !ha// be e,e-$i!ed by the Membe-!. "3# Not0ith!ta di 3 a ythi 3 $o tai ed i !1b+!e$tio "># o- !1b+!e$tio ":#% a y P-od1$e- Compa y may% i4 !o a1tho-i!ed by it! a-ti$/e!% -e!t-i$t the 5oti 3 -i3ht! to a$ti5e Membe-!% i a y !pe$ia/ o- 3e e-a/ meeti 3. "<# No pe-!o % 0ho ha! a y b1!i e!! i te-e!t 0hi$h i! i $o 4/i$t 0ith b1!i e!! o4 the P-od1$e- Compa y% !ha// be$ome a Membe- o4 that Compa y. "@# A Membe-% 0ho a$91i-e! a y b1!i e!! i te-e!t 0hi$h i! i $o 4/i$t 0ith the b1!i e!! o4 the P-od1$eCompa y% !ha// $ea!e to be a Membe- o4 that Compa y a d be -emo5ed a! a Membe- i a$$o-da $e 0ith a-ti$/e!.
@8&E. BENEFITS TO MEMBERS "&# S1b;e$t to p-o5i!io ! made i a-ti$/e!% e5e-y Membe- !ha// i itia//y -e$ei5e o /y !1$h 5a/1e 4o- the p-od1$e o-
p-od1$t! poo/ed a d !1pp/ied a! the Boa-d o4 P-od1$e- Compa y may dete-mi e% a d the 0ithhe/d p-i$e may be di!b1-!ed /ate- i $a!h o- i Ai d o- by a//otme t o4 e91ity !ha-e!% i p-opo-tio to the p-od1$e !1pp/ied to the P-od1$e- Compa y d1-i 3 the 4i a $ia/ yea- to !1$h e,te t a d i !1$h ma e- a d !1b;e$t to !1$h $o ditio ! a! may be de$ided by the Boa-d. ":# E5e-y Membe- !ha//% o the !ha-e $apita/ $o t-ib1ted% -e$ei5e o /y a /imited -et1- = P-o5ided that e5e-y !1$h Membe- may be a//otted bo 1! !ha-e! i a$$o-da $e 0ith the p-o5i!io ! $o tai ed i !e$tio @8&NI. "3# The !1-p/1! i4 a y% -emai i 3 a4te- maAi 3 p-o5i!io 4o- payme t o4 /imited -et1- a d -e!e-5e! -e4e--ed to i !e$tio @8&NI% may be di!b1-!ed a! pat-o a3e bo 1!% amo 3!t the Membe-!% i p-opo-tio to theipa-ti$ipatio i the b1!i e!! o4 the P-od1$e- Compa y% eithe- i $a!h oby 0ay o4 a//otme t o4 e91ity !ha-e!% o- both% a! may be de$ided by the Membe-! at the 3e e-a/ meeti 3. @8&F. MEMORAN*DM OF PRO*DCER COMPANG The memo-a d1m o4 a!!o$iatio o4 e5e-y P-od1$eCompa y !ha// !tate = +
"a# the ame o4 the $ompa y 0ith .P-od1$e- Compa y Cimited. a! the /a!t 0o-d! o4 the ame o4 !1$h Compa y 2 "b# the State i 0hi$h the -e3i!te-ed o44i$e o4 the P-od1$e- Compa y i! to !it1ate 2 "$# the mai ob;e$t! o4 the P-od1$e- Compa y !ha// be o e o- mo-e o4 the ob;e$t! !pe$i4ied i !e$tio @8&B 2 "d# the ame! a d add-e!!e! o4 the pe-!o ! 0ho ha5e !1b!$-ibed to the memo-a d1m 2 "e# the amo1 t o4 !ha-e $apita/ 0ith 0hi$h the P-od1$e- Compa y i! to be -e3i!te-ed a d di5i!io the-eo4 i to !ha-e! o4 a 4i,ed amo1 t 2 "4# the ame!% add-e!!e! a d o$$1patio ! o4 the !1b!$-ibe-! bei 3 p-od1$e-!% 0ho !ha// a$t a! the 4i-!t di-e$to-! i a$$o-da $e 0ith !1b+!e$tio ":# o4 !e$tio @8&I 2 "3# that the /iabi/ity o4 it! membe-! i! /imited 2 "h# oppo!ite to the !1b!$-ibe-?! ame the 1mbe- o4 !ha-e! ea$h !1b!$-ibe- taAe! = P-o5ided that o !1b!$-ibe- !ha// taAe /e!! tha o e !ha-e 2 "i# i $a!e the ob;e$t! o4 the P-od1$e- Compa y a-e ot $o 4i ed to o e State% the State! to 0ho!e te--ito-ie! the ob;e$t! e,te d. @8&7. ARTICCES OF ASSOCIATION "&# The-e !ha// be p-e!e ted% 4o- -e3i!t-atio to the Re3i!t-a- o4 the State to 0hi$h the -e3i!te-ed o44i$e o4 the P-od1$e-
Compa y i!% !tated by the memo-a d1m o4 a!!o$iatio % to be !it1ate = + "a# memo-a d1m o4 the P-od1$e- Compa y 2 "b# it! a-ti$/e! d1/y !i3 ed by the !1b!$-ibe-! to the memo-a d1m. ":# The a-ti$/e! !ha// $o tai the 4o//o0i 3 m1t1a/ a!!i!ta $e p-i $ip/e!% ame/y = + Pa3e :3: o4 33: "a# the membe-!hip !ha// be 5o/1 ta-y a d a5ai/ab/e% to a// e/i3ib/e pe-!o ! 0ho% $a pa-ti$ipate o- a5ai/ o4 the 4a$i/itie! o- !e-5i$e! o4 the P-od1$e- Compa y% a d a-e 0i//i 3 to a$$ept the d1tie! o4 membe-!hip 2 "b# ea$h Membe- !ha//% !a5e a! othe-0i!e p-o5ided i thi! Pa-t% ha5e o /y a !i 3/e 5ote i--e!pe$ti5e o4 the !ha-e ho/di 3 2 "$# the P-od1$e- Compa y !ha// be admi i!te-ed by a Boa-d $o !i!ti 3 o4 pe-!o ! e/e$ted o- appoi ted a! di-e$to-! i the ma e- $o !i!+te t 0ith the p-o5i!io ! o4 thi! Pa-t a d the Boa-d !ha// be a$$o1 tab/e to the Membe-!2 "d# !a5e a! p-o5ided i thi! Pa-t% the-e !ha// be /imited -et1- o !ha-e $apita/ 2 "e# the !1-p/1! a-i!i 3 o1t o4 the ope-atio ! o4 the P-od1$e- Compa y !ha// be di!t-ib1ted i a e91itab/e ma e- by = + "i# p-o5idi 3 4o- the de5e/opme t o4 the b1!i e!! o4 the P-od1$e- Compa y 2 "ii# p-o5idi 3 4o- $ommo 4a$i/itie! 2 a d
"iii# di!t-ib1ti 3 amo 3!t the Membe-!% a! may be admi!!ib/e i p-opo-tio to thei- -e!pe$ti5e pa-ti$ipatio i the b1!i e!! 2 "4# p-o5i!io !ha// be made 4o- the ed1$atio o4 Membe-!% emp/oyee! a d othe-!% o the p-i $ip/e! o4 m1t1a/ity a d te$h i91e! o4 m1t1a/ a!!i!ta $e 2 "3# the P-od1$e- Compa y !ha// a$ti5e/y $o+ope-ate 0ith othe- P-od1$e- Compa ie! "a d otheo-3a i!atio ! 4o//o0i 3 !imi/a- p-i $ip/e!# at /o$a/% atio a/ o- i te- atio a/ /e5e/ !o a! to be!t !e-5e the i te-e!t o4 thei- Membe-! a d the $omm1 itie! it p1-po-t! to !e-5e. "3# Witho1t p-e;1di$e to the 3e e-a/ity o4 the 4o-e3oi 3 p-o5i!io ! o4 !1b+!e$tio ! "&# a d ":#% the a-ti$/e! !ha// $o tai the 4o//o0i 3 p-o5i!io !% ame/y = + "a# the 91a/i4i$atio ! 4o- membe-!hip% the $o ditio ! 4o- $o ti 1a $e o- $a $e//atio o4 membe-!hip a d the te-m!% $o ditio ! a d p-o$ed1-e 4o- t-a !4e- o4 !ha-e! 2 "b# the ma e- o4 a!$e-tai i 3 the pat-o a3e a d 5oti 3 -i3ht ba!ed o pat-o a3e 2 "$# !1b;e$t to the p-o5i!io ! $o tai ed i !1b+!e$tio "&# o4 !e$tio @8&N% the ma e- o4 $o !tit1tio o4 the Boa-d% it! po0e-! a d d1tie!% the mi im1m a d ma,im1m 1mbe- o4 di-e$to-!% ma e- o4 e/e$tio a d appoi tme t o4 di-e$to-!
a d -eti-eme t by -otatio % 91a/i4i$atio ! 4o- bei 3 e/e$ted o- $o ti 1a $e a! !1$h a d the te-m! o4 o44i$e o4 the !aid di-e$to-!% thei- po0e-! a d d1tie!% $o ditio ! 4oe/e$tio o- $o+optio o4 di-e$to-!% method o4 -emo5a/ o4 di-e$to-! a d the 4i//i 3 1p o4 5a$a $ie! o the Boa-d% a d the ma e- a d the te-m! o4 appoi tme t o4 the Chie4 E,e$1ti5e 2 "d# the e/e$tio o4 the Chai-ma % te-m o4 o44i$e o4 di-e$to-! a d the Chai-ma % ma e- o4 5oti 3 at the 3e e-a/ o!pe$ia/ meeti 3! o4 Membe-!% p-o$ed1-e 4o- 5oti 3% by di-e$to-! at meeti 3! o4 the Boa-d% po0e-! o4 the Chai-ma a d the $i-$1m!ta $e! 1 de- 0hi$h the Chai-ma may e,e-$i!e a $a!ti 3 5ote 2 "e# the $i-$1m!ta $e! 1 de- 0hi$h% a d the ma e- i 0hi$h% the 0ithhe/d p-i$e i! to be dete-mi ed a d di!t-ib1ted 2 "4# the ma e- o4 di!b1-!eme t o4 pat-o a3e bo 1! i $a!h o- by i!!1e o4 e91ity !ha-e!% o- both 2 "3# the $o t-ib1tio to be !ha-ed a d -e/ated matte-! -e4e--ed to i !1b!e$tio ":# o4 !e$tio @8&NI 2 "h# the matte-! -e/ati 3 to i!!1e o4 bo 1! !ha-e! o1t o4 3e e-a/ -e!e-5e! a! !et o1t i !e$tio @8&NI 2 "i# the ba!i! a d ma e- o4 a//otme t o4 e91ity !ha-e! o4 the P-od1$e- Compa y i /ie1 o4 the 0ho/e o- pa-t o4 the !a/e p-o$eed! o4 p-od1$e o- p-od1$t! !1pp/ied by the Membe-! 2
";# the amo1 t o4 -e!e-5e!% !o1-$e! 4-om 0hi$h 41 d! may be -ai!ed% /imitatio o -ai!i 3 o4 41 d!% -e!t-i$tio o the 1!e o4 !1$h 41 d! a d the e,te t o4 debt that may be $o t-a$ted a d the $o ditio ! the-eo4 2 "A# the $-edit% /oa ! o- ad5a $e! 0hi$h may be 3-a ted to a Membe- a d the $o ditio ! 4o- the 3-a t o4 the !ame 2 "/# the -i3ht o4 a y Membe- to obtai i 4o-matio -e/ati 3 to 3e e-a/ b1!i e!! o4 the $ompa y 2 "m# the ba!i! a d ma e- o4 di!t-ib1tio a d di!po!a/ o4 41 d! a5ai/ab/e a4te- meeti 3 /iabi/itie! i the e5e t o4 di!!o/1tio o- /i91idatio o4 the P-od1$e- Compa y 2 " # the a1tho-i!atio 4o- di5i!io % ama/3amatio % me-3e-% $-eatio o4 !1b!idia-ie! a d the e te-i 3 i to ;oi t 5e t1-e! a d othematte-! $o e$ted the-e0ith 2 "o# /ayi 3 o4 the memo-a d1m a d a-ti$/e! o4 the P-od1$e- Compa y be4o-e a !pe$ia/ 3e e-a/ meeti 3 to be he/d 0ithi i ety day! o4 it! -e3i!t-atio 2 "p# a y othe- p-o5i!io % 0hi$h the Membe-! may% by !pe$ia/ -e!o/1tio -e$omme d to be i $/1ded i a-ti$/e!. @8&8. AMEN*MENT OF MEMORAN*DM "&# A P-od1$e- Compa y !ha// ot a/te- the $o ditio ! $o tai ed i it! memo-a d1m e,$ept i the $a!e!% by the mode
a d to the e,te t 4o- 0hi$h e,p-e!! p-o5i!io i! made i thi! A$t. ":# A P-od1$e- Compa y may% by !pe$ia/ -e!o/1tio % ot i $o !i!te t 0ith !e$tio @8&B% a/te- it! ob;e$t! !pe$i4ied i it! memo-a d1m. "3# A $opy o4 the ame ded memo-a d1m% to3ethe0ith a $opy o4 the !pe$ia/ -e!o/1tio d1/y $e-ti4ied by t0o di-e$to-!% !ha// be 4i/ed 0ith the Re3i!t-a- 0ithi thi-ty day! 4-om the date o4 adoptio o4 a y -e!o/1tio -e4e--ed to i !1b+!e$tio ":# = P-o5ided that i the $a!e o4 t-a !4e- o4 the -e3i!te-ed o44i$e o4 a P-od1$e- Compa y 4-om the ;1-i!di$tio o4 o e Re3i!t-a- to a othe-% $e-ti4ied $opie! o4 the !pe$ia/ -e!o/1tio $e-ti4ied by t0o di-e$to-! !ha// be 4i/ed 0ith both the Re3i!t-a-! 0ithi thi-ty day!% a d ea$h Re3i!t-a- !ha// -e$o-d the !ame% a d the-e1po the Re3i!t-a- 4-om 0ho!e ;1-i!di$tio the o44i$e i! t-a !4e--ed% !ha// 4o-th0ith 4o-0a-d to the othe- Re3i!t-a- a// do$1me t! -e/ati 3 to the P-od1$eCompa y. "<# The a/te-atio o4 the p-o5i!io ! o4 memo-a d1m -e/ati 3 to the $ha 3e o4 the p/a$e o4 it! -e3i!te-ed o44i$e 4-om o e State to a othe- !ha// ot taAe e44e$t 1 /e!! it i! $o 4i-med by the
& Compa y Ca0 Boa-d o petitio . &. To be -ead a! ENatio a/ Compa y Ca0 T-ib1 a/?. Pa3e :33 o4 33: @8&+I. AMEN*MENT OF ARTICCES "&# A y ame dme t o4 the a-ti$/e! !ha// be p-opo!ed by ot /e!! tha t0o+thi-d o4 the e/e$ted di-e$to-! o- by ot /e!! tha o e+thi-d o4 the Membe-! o4 the P-od1$eCompa y% a d adopted by the Membe-! by a !pe$ia/ -e!o/1tio . ":# A $opy o4 the ame ded a-ti$/e! to3ethe- 0ith the $opy o4 the !pe$ia/ -e!o/1tio % both d1/y $e-ti4ied by t0o di-e$to-!% !ha// be 4i/ed 0ith the Re3i!t-a- 0ithi thi-ty day! 4-om the date o4 it! adoptio . @8&I. OPTION TO INTER+STATE CO+OPERATIFE SOCIETIES TO BECOME PRO*DCER COMPANIES "&# Not0ith!ta di 3 a ythi 3 $o tai ed i !1b+!e$tio "&# o4 !e$tio @8&C% a y i te-+State $o+ope-ati5e !o$iety 0ith ob;e$t! ot $o 4i ed to o e State may maAe a app/i$atio to the Re3i!t-a- 4o- -e3i!t-atio a! P-od1$eCompa y 1 dethi! Pa-t. ":# E5e-y app/i$atio 1 de- !1b+!e$tio "&# !ha// be a$$ompa ied by +
"a# a $opy o4 the !pe$ia/ -e!o/1tio % o4 ot /e!! tha t0o+thi-d o4 tota/ membe-! o4 i te-+State $o+ope-ati5e !o$iety% 4oit! i $o-po-atio a! a P-od1$e- Compa y 1 dethi! A$t 2 "b# a !tateme t !ho0i 3 + "i# ame! a d add-e!!e! o- the o$$1patio o4 the di-e$to-! a d Chie4 E,e$1ti5e% i4 a y% by 0hate5eame $a//ed% o4 !1$h $o+ope-ati5e 2 a d "ii# /i!t o4 membe-! o4 !1$h i te-+State $o+ope-ati5e !o$iety 2 "$# a !tateme t i di$ati 3 that the i te-+State $o+ ope-ati5e !o$iety i! e 3a3ed i a y o e o- mo-e o4 the ob;e$t! !pe$i4ied i !e$tio @8IB2 "d# a de$/a-atio by t0o o- mo-e di-e$to-! o4 the i te-+ State $o+ope-ati5e !o$iety $e-ti4yi 3 that pa-ti$1/a-! 3i5e i $/a1!e! "a# to "$# a-e $o--e$t. "3# Whe a i te-+State $o+ope-ati5e !o$iety i! -e3i!te-ed a! a P-od1$e- Compa y% the 0o-d! .P-od1$e- Compa y Cimited. !ha// 4o-m pa-t o4 it! ame 0ith a y 0o-d oe,p-e!!io to !ho0 it! ide tity p-e$edi 3 it. "<# O $omp/ia $e 0ith the -e91i-eme t! o4 !1b+ !e$tio ! "&# to "3#% the Re3i!t-a- !ha//% 0ithi a pe-iod o4 thi-ty day! o4 the -e$eipt o4 app/i$atio % $e-ti4y 1 de- hi! ha d that the i te-+State $o+ope-ati5e !o$iety app/yi 3 4o-e3i!t-atio i!
-e3i!te-ed a d the-eby i $o-po-ated a! a P-od1$eCompa y 1 dethi! Pa-t. "@# A $o+ope-ati5e !o$iety 4o-med by p-od1$e-!% by Fede-atio o- D io o4 $o+ope-ati5e !o$ietie! o4 p-od1$e-! o- $o+ ope-ati5e! o4 p-od1$e-!% -e3i!te-ed 1 de- a y /a0 4othe time bei 3 i 4o-$e 0hi$h ha! e,te ded it! ob;e$t! o1t!ide the State% eithe- di-e$t/y o- th-o13h a 1 io o4ede-atio o4 $o+ope-ati5e! o4 0hi$h it i! a $o !tit1e t% a! the $a!e may be% a d a y Fede-atio o- D io ! o4 !1$h $o+ ope-ati5e!% 0hi$h ha! !o e,te ded a y o4 it! ob;e$t! oa$ti5itie! o1t!ide the State% !ha// be e/i3ib/e to maAe a app/i$atio 1 de- !1b+!e$tio "&# a d to obtai -e3i!t-atio a! a P-od1$eCompa y 1 dethi! Pa-t. "'# The i te-+State $o+ope-ati5e !o$iety !ha//% 1po -e3i!t-atio 1 de- !1b+!e$tio "&#% !ta d t-a !4o-med i to a P-od1$e- Compa y% a d the-e+a4te- !ha// be 3o5e- ed by the p-o5i!io ! o4 thi! Pa-t to the e,$/1!io o4 the /a0 by 0hi$h it 0a! ea-/ie- 3o5e- ed% !a5e i !o4a- a! a ythi 3 do e o- omitted to be do e be4o-e it! -e3i!t-atio a! a P-od1$e- Compa y% a d ot0ith!ta di 3 a ythi 3 $o tai ed i a y othe- /a0 4o- the time bei 3 i 4o-$e% o pe-!o
!ha// ha5e a y $/aim a3ai !t the $o+ope-ati5e i !tit1tio o- the $ompa y by -ea!o o4 !1$h $o 5e-!io ot-a !4o-matio . "># Dpo -e3i!t-atio a! a P-od1$e- Compa y% the Re3i!t-a- o4 Compa ie! 0ho -e3i!te-! the $ompa y !ha// 4o-th0ith i timate the Re3i!t-a- 0ith 0hom the e-!t0hi/e i te-+ State $o+ope-ati5e !o$iety 0a! ea-/ie- -e3i!te-ed 4oapp-op-iate de/etio o4 the !o$iety 4-om it! -e3i!te-. @8&6. EFFECT OF INCORPORATION OF PRO*DCER COMPANG E5e-y !ha-eho/de- o4 the i te-+State $o+ope-ati5e !o$iety immediate/y be4o-e the date o4 -e3i!t-atio o4 P-od1$eCompa y "he-ea4te- -e4e--ed to a! the t-a !4o-matio date# !ha// be deemed to be -e3i!te-ed o a d 4-om that date a! a !ha-eho/de- o4 the P-od1$e- Compa y to the e,te t o4 the 4a$e 5a/1e o4 the !ha-e! he/d by !1$h !ha-eho/de-. @8&C. FESTIN7 OF DN*ERTA6IN7 IN PRO*DCER COMPANG "&# A// p-ope-tie! a d a!!et!% mo5ab/e a d immo5ab/e% o4% o- be/o 3i 3 to% the i te-+State $o+ope-ati5e !o$iety a! o the t-a !4o-matio date% !ha// 5e!t i the P-od1$eCompa y.
":# A// the -i3ht!% debt!% /iabi/itie!% i te-e!t!% p-i5i/e3e! a d ob/i3atio ! o4 the i te-+State $o+ope-ati5e !o$iety a! o the t-a !4o-matio date !ha// !ta d t-a !4e--ed to% a d be the -i3ht!% debt!% /iabi/itie!% i te-e!t!% p-i5i/e3e! a d ob/i3atio ! o4% the P-od1$e- Compa y. "3# Witho1t p-e;1di$e to the p-o5i!io ! $o tai ed i !1b+!e$tio ":#% a// debt!% /iabi/itie! a d ob/i3atio ! i $1--ed% a// $o t-a$t! e te-ed i to a d a// matte-! a d thi 3! e 3a3ed to be do e by% 0ith o- 4o-% the !o$iety a! o the t-a !4o-matio date 4o- o- i $o e$tio 0ith theip1-po!e!% !ha// be deemed to ha5e bee i $1--ed% e te-ed i to% oe 3a3ed to be do e by% 0ith o- 4o-% the P-od1$eCompa y. "<# A// !1m! o4 mo ey d1e to the i te-+State $o+ ope-ati5e !o$iety immediate/y be4o-e the t-a !4o-matio date% !ha// be deemed to be d1e to the P-od1$e- Compa y. "@# E5e-y o-3a i!atio % 0hi$h 0a! bei 3 ma a3ed immediate/y be4o-e the t-a !4o-matio date by the i te-+State $o+ ope-ati5e !o$iety !ha// be ma a+3ed by the P-od1$eCompa y 4o- !1$h pe-iod% to !1$h e,te t a d i !1$h ma e- a! the $i-$1m!ta $e! may -e91i-e.
"'# E5e-y o-3a i!atio 0hi$h 0a! 3etti 3 4i a $ia/% ma a3e-ia/ o- te$h i$a/ a!!i!ta $e 4-om the i te-+State $o+ ope-ati5e !o$iety% immediate/y be4o-e the t-a !4o-matio date% may $o ti 1e to be 3i5e 4i a $ia/% ma a3e-ia/ ote$h i$a/ a!!i!ta $e% a! the $a!e may be% by the P-od1$e- Compa y% 4o- !1$h pe-iod% to !1$h e,te t a d i !1$h ma e- a! that $ompa y may deem 4it. Pa3e :3< o4 33: "># The amo1 t -ep-e!e ti 3 the $apita/ o4 the e-!t0hi/e i te-+State $o+ope-ati5e !o$iety !ha// 4o-m pa-t o4 the $apita/ o4 the P-od1$e- Compa y. "8# A y -e4e-e $e to the i te-+State $o+ope-ati5e !o$iety i a y /a0 othetha thi! A$t o- i a y $o t-a$t o- othei !t-1me t% !ha// be deemed to be -e4e-e $e to the P-od1$e- Compa y. "9# I4% o the t-a !4o-matio date% the-e i! pe di 3 a y !1it% a-bit-atio % appea/ o- othe- /e3a/ p-o$eedi 3 o4 0hate5eat1-e by o- a3ai !t the i te-+State $o+ope-ati5e !o$iety% the !ame !ha// ot abate% be di!$o ti 1ed obe i a y 0ay p-e;1di$ia//y a44e$ted by -ea!o o4 the i $o-po-atio o4 the P-od1$e- Compa y 1 de- !e$tio @8&C ot-a !4o-matio o4
the i te-+State $o+ope-ati5e !o$iety a! a P-od1$eCompa y 1 de- !e$tio @8&I% a! the $a!e may be% b1t the !1it% a-bit-atio % appea/ o- othe- p-o$eedi 3% may be $o ti 1ed% p-o!e$1ted a d e 4o-$ed by o- a3ai !t the P-od1$eCompa y i the !ame ma e- a d to the !ame e,te t a! it 0o1/d ha5e% o- may ha5e bee $o ti 1ed% p-o!e$1ted a d e 4o-$ed by o- a3ai !t the i te-+State $o+ope-ati5e !o$iety a! i4 the p-o5i!io ! $o tai ed i thi! Pa-t had ot $ome i to 4o-$e. @8&M. CONCESSION% ETC.% TO BE *EEME* TO 8AFE BEEN 7RANTE* TO PRO*DCER COMPANG With e44e$t 4-om the t-a !4o-matio date% a// 4i!$a/ a d othe- $o $e!!io !% /i$e $e!% be e4it!% p-i5i/e3e! a d e,emptio ! 3-a ted to the i te-+State $o+ope-ati5e !o$iety i $o e$tio 0ith the a44ai-! a d b1!i e!! o4 the i te-+ State $o+ ope-ati5e !o$iety 1 de- a y /a0 4o- the time bei 3 i 4o-$e !ha// be deemed to ha5e bee 3-a ted to the P-od1$eCompa y. @8&N. PROFISIONS IN RESPECT OF OFFICERS AN* OT8ER EMPCOGEES OF INTER+STATE CO+ OPERATIFE SOCIETG
"&# Not0ith!ta di 3 a ythi 3 $o tai ed i !e$tio @8&+ O% a// the di-e$to-! i the i te-+State $o+ope-ati5e !o$iety be4o-e the i $o-po-atio o4 the P-od1$e- Compa y !ha// $o ti 1e i o44i$e 4o- a pe-iod o4 o e yea- 4-om the t-a !4o-matio date a d i a$$o-da $e 0ith the p-o5i!io ! o4 thi! A$t. ":# E5e-y o44i$e- o- otheemp/oyee o4 the i te-+State $o+ope-ati5e !o$iety "e,$ept a di-e$to- o4 the Boa-d% Chai-ma oMa a3i 3 *i-e$to-# !e-5i 3 i it! emp/oyme t immediate/y be4o-e the t-a !4o-matio date !ha//% i !o4a- a! !1$h o44i$eo- othe- emp/oyee i! emp/oyed i $o e$tio 0ith the i te-+State $o+ope-ati5e !o$iety 0hi$h ha! 5e!ted i the P-od1$e- Compa y by 5i-t1e o4 thi! A$t% be$ome% a! 4-om the t-a !4o-matio date% a o44i$e- o-% a! the $a!e may be% otheemp/oyee o4 the P-od1$e- Compa y a d !ha// ho/d hi! o44i$e o- !e-5i$e the-ei by the !ame te 1-e% at the !ame -em1 e-atio % 1po the !ame te-m! a d $o ditio !% 0ith the !ame ob/i3atio ! a d 0ith the !ame -i3ht! a d p-i5i/e3e! a! to /ea5e% /ea5e t-a5e/ $o $e!!io % 0e/4a-e !$heme% medi$a/ be e4it !$heme% i !1-a $e% p-o5ide t 41 d% othe- 41 d!% -eti-eme t% 5o/1 ta-y -eti-eme t% 3-at1ity a d othebe e4it! a! he 0o1/d ha5e he/d 1 de- the e-!t0hi/e i te-+State $o+
ope-ati5e !o$iety i4 it! 1 de-taAi 3 had ot 5e!ted i the P-od1$e- Compa y a d !ha// $o ti 1e to do !o a! a o44i$eo-% a! the $a!e may be% otheemp/oyee o4 the P-od1$e- Compa y. "3# Whe-e a o44i$e- o- otheemp/oyee o4 the i te-+ State $o+ope-ati5e !o$iety opt! 1 de- !1b+!e$tio ":# ot to be i emp/oyme t o- !e-5i$e o4 the P-od1$e- Compa y% !1$h o44i$e- o- otheemp/oyee !ha// be deemed to ha5e -e!i3 ed. "<# Not0ith!ta di 3 a ythi 3 $o tai ed i the I d1!t-ia/ *i!p1te! A$t% &9<> o- i a y othe- /a0 4othe time bei 3 i 4o-$e% the t-a !4e- o4 the !e-5i$e! o4 a y o44i$e- oothe- emp/oyee o4 the i te-+State $o+ope-ati5e !o$iety to the P-od1$e- Compa y !ha// ot e tit/e !1$h o44i$e- oothe- emp/oyee to a y $ompe !atio 1 dethi! A$t o1 de- a y othe- /a0 4o- the time bei 3 i 4o-$e a d o !1$h $/aim !ha// be e te-tai ed by a y $o1-t% t-ib1 a/ o- othea1tho-ity. "@# The o44i$e-! a d otheemp/oyee! 0ho ha5e -eti-ed be4o-e the t-a !4o-matio date 4-om the !e-5i$e o4 the i te-+ State $o+ope-ati5e !o$iety a d a-e e tit/ed to a y be e4it!% -i3ht! o- p-i5i/e3e!% !ha// be e tit/ed to -e$ei5e the !ame be e4it!% -i3ht! o- p-i5i/e3e! 4-om the P-od1$eCompa y.
"'# The t-1!t! o4 the p-o5ide t 41 d o- the 3-at1ity 41 d o4 the i te-+State $oope-ati5e !o$iety a d a y othebodie! $-eated 4o- the 0e/4a-e o4 o44i$e-! o- emp/oyee! !ha// $o ti 1e to di!$ha-3e 41 $tio ! i the P-od1$eCompa y a! 0a! bei 3 do e hithe-to i the i te-+State $o+ope-ati5e !o$iety a d a y ta, e,emptio 3-a ted to the p-o5ide t 41 d o- the 3-at1ity 41 d 0o1/d $o ti 1e to be app/ied to the P-od1$e- Compa y. "># Not0ith!ta di 3 a ythi 3 $o tai ed i thi! A$t o- i a y othe- /a0 4o- the time bei 3 i 4o-$e o- i the -e31/atio ! o4 the i te-+State $o+ope-ati5e !o$iety% o di-e$to- o4 the Boa-d% Chai-ma % Ma a3i 3 *i-e$to- o- a y othepe-!o e tit/ed to ma a3e the 0ho/e o- !1b!ta tia/ pa-t o4 the b1!i e!! a d a44ai-! o4 the i te-+State $o+ope-ati5e !o$iety !ha// be e tit/ed to a y $ompe !atio a3ai !t the i te-+State $o+ope-ati5e !o$iety o- the P-od1$e- Compa y 4o- the /o!! o4 o44i$e o- 4o- the p-emat1-e te-mi atio o4 a y $o t-a$t o4 ma a3eme t e te-ed i to by him 0ith the i te-+ State $o+ ope-ati5e !o$iety. C8APTER III= COMPANG MANA7EMENT OF PRO*DCER
@8&+O. NDMBER OF *IRECTORS E5e-y P-od1$e- Compa y !ha// ha5e at /ea!t 4i5e a d ot mo-e tha 4i4tee di-e$to-! = P-o5ided that i the $a!e o4 a i te-+State $o+ope-ati5e !o$iety i $o-po-ated a! a P-od1$e- Compa y% !1$h $ompa y may ha5e mo-e tha 4i4tee di-e$to-! 4o- a pe-iod o4 o e yea- 4-om the date o4 it! i $o-po-atio a! a P-od1$eCompa y. @8&P. APPOINTMENT OF *IRECTORS "&# Sa5e a! p-o5ided i !e$tio @8&N% the Membe-! 0ho !i3 the memo-a d1m a d the a-ti$/e! may de!i3 ate the-ei the Boa-d o4 di-e$to-! " ot /e!! tha 4i5e# 0ho !ha// 3o5e- the a44ai-! o4 the P-od1$e- Compa y 1 ti/ the di-e$to-! a-e e/e$ted i a$$o-da $e 0ith the p-o5i!io ! o4 thi! !e$tio . Pa3e :3@ o4 33: ":# The e/e$tio o4 di-e$to-! !ha// be $o d1$ted 0ithi a pe-iod o4 i ety day! o4 the -e3i!t-atio o4 the P-od1$eCompa y = P-o5ided that i the $a!e o4 a i te-+State $o+ ope-ati5e !o$iety 0hi$h ha! bee -e3i!te-ed a! a P-od1$e- Compa y 1 de- !1b+!e$tio "<# o4 !e$tio @8&I i 0hi$h at /ea!t 4i5e di-e$to-! [i $/1di 3 the di-e$to-! $o ti 1i 3 i o44i$e 1 de-
!1b+!e$tio "&# o4 !e$tio @8&N) ho/d o44i$e a! !1$h o the date o4 -e3i!t-atio o4 !1$h $ompa y% the p-o5i!io ! o4 thi! !1b+!e$tio !ha// ha5e e44e$t a! i4 4o- the 0o-d! . i ety day!.% the 0o-d! .th-ee h1 d-ed a d !i,ty 4i5e day!. had bee !1b!tit1ted. "3# E5e-y pe-!o !ha// ho/d o44i$e o4 a di-e$to- 4o- a pe-iod ot /e!! tha o e yea- b1t ot e,$eedi 3 4i5e yea-! a! may be !pe$i4ied i the a-ti$/e!. "<# E5e-y di-e$to-% 0ho -eti-e! i a$$o-da $e 0ith the a-ti$/e!% !ha// be e/i3ib/e 4o- -e+appoi tme t a! a di-e$to-. "@# Sa5e a! p-o5ided i !1b+!e$tio ":#% the di-e$to-! o4 the Boa-d !ha// be e/e$ted o- appoi ted by the Membe-! i the a 1a/ 3e e-a/ meeti 3. "'# The Boa-d may $o+opt o e o- mo-e e,pe-t di-e$to-! o- a additio a/ di-e$to- ot e,$eedi 3 o e+4i4th o4 the tota/ 1mbe- o4 di-e$to-! o- appoi t a y othepe-!o a! additio a/ di-e$to- 4o- !1$h pe-iod a! the Boa-d may deem 4it = P-o5ided that the e,pe-t di-e$to-! !ha// ot ha5e the -i3ht to 5ote i the e/e$tio o4 the Chai-ma b1t !ha// be e/i3ib/e to be e/e$ted a! Chai-ma % i4 !o p-o5ided by it! a-ti$/e! =
P-o5ided 41-the- that the ma,im1m pe-iod% 4o- 0hi$h the e,pe-t di-e$to- o- the additio a/ di-e$to- ho/d! o44i$e% !ha// ot e,$eed !1$h pe-iod a! may be !pe$i4ied i the a-ti$/e!. @8&H. FACATION OF OFFICE BG *IRECTORS "&# The o44i$e o4 the di-e$to- o4 a P-od1$e- Compa y !ha// be$ome 5a$a t i4+ "a# he i! $o 5i$ted by a Co1-t o4 a y o44e $e i 5o/5i 3 mo-a/ t1-pit1de a d !e te $ed i -e!pe$t the-eo4 to imp-i!o me t 4o- ot /e!! tha !i, mo th! 2 "b# the P-od1$e- Compa y% i 0hi$h he i! a di-e$to-% ha! made a de4a1/t i -epayme t o4 a y ad5a $e! o/oa ! taAe 4-om a y $ompa y o- i !tit1tio o- a y othepe-!o a d !1$h de4a1/t $o ti 1e! 4o- i ety day! 2 "$# he ha! made a de4a1/t i -epayme t o4 a y ad5a $e! o- /oa ! taAe 4-om the P-od1$e- Compa y i 0hi$h he i! a di-e$to- 2 "d# the P-od1$e- Compa y% i 0hi$h he i! a di-e$to- + "i# ha! ot 4i/ed the a 1a/ a$$o1 t! a d a 1a/ -et14o- a y $o ti 1o1! th-ee 4i a $ia/ yea-! $omme $i 3 o oa4te- the &!t day o4 Ap-i/% :((: 2 o"ii# ha! 4ai/ed to% -epay it! depo!it o- 0ithhe/d p-i$e opat-o a3e bo 1! o- i te-e!t the-eo o d1e date% opay di5ide d a d !1$h 4ai/1-e $o ti 1e! 4o- o e yea- omo-e 2
"e# de4a1/t i! made i ho/di 3 e/e$tio 4o- the o44i$e o4 di-e$to-% i the P-od1$e- Compa y i 0hi$h he i! a di-e$to-% i a$$o-da $e 0ith the p-o5i!io ! o4 thi! A$t a d a-ti$/e! 2 "4# the a 1a/ 3e e-a/ meeti 3 o- e,t-ao-di a-y 3e e-a/ meeti 3 o4 the P-od1$e- Compa y% i 0hi$h he i! a di-e$to-% i! ot $a//ed i a$$o-da $e 0ith the p-o5i!io ! o4 thi! A$t e,$ept d1e to at1-a/ $a/amity o- !1$h othe- -ea!o . ":# The p-o5i!io ! o4 !1b+!e$tio "&# !ha//% a! 4a- a! may be% app/y to the di-e$to- o4 a P-od1$e- i !tit1tio 0hi$h i! a membe- o4 a P-od1$e- Compa y. @8&R. POWERS AN* FDNCTIONS OF BOAR* "&# S1b;e$t to the p-o5i!io ! o4 thi! A$t a d a-ti$/e!% the Boa-d o4 di-e$to-! o4 a P-od1$e- Compa y !ha// e,e-$i!e a// !1$h po0e-! a d to do a// !1$h a$t! a d thi 3!% a! that $ompa y i! a1tho-i!ed !o to do. ":# I pa-ti$1/a- a d 0itho1t p-e;1di$e to the 3e e-a/ity o4 the 4o-e3oi 3 po0e-!% !1$h po0e-! may i $/1de a// o- a y o4 the 4o//o0i 3 matte-!% ame/y= + "a# dete-mi atio o4 the di5ide d payab/e 2 "b# dete-mi atio o4 the 91a t1m o4 0ithhe/d p-i$e a d -e$omme d pat-o a3e to be app-o5ed at 3e e-a/ meeti 3 2 "$# admi!!io o4 e0 Membe-! 2
"d# p1-!1e a d 4o-m1/ate the o-3a i!atio a/ po/i$y% ob;e$ti5e!% e!tab/i!h !pe$i4i$ /o 3+te-m a d a 1a/ ob;e$ti5e!% a d app-o5e $o-po-ate !t-ate3ie! a d 4i a $ia/ p/a ! 2 "e# appoi tme t o4 a Chie4 E,e$1ti5e a d !1$h otheo44i$e-! o4 the P-od1$e- Compa y% a! may be !pe$i4ied i the a-ti$/e! 2 "4# e,e-$i!e !1pe-i te de $e% di-e$tio a d $o t-o/ o5e- Chie4 E,e$1ti5e a d othe- o44i$e-! appoi ted by it 2 "3# $a1!e p-ope- booA! o4 a$$o1 t to be mai tai ed 2 p-epa-e a 1a/ a$$o1 t! to be p/a$ed be4o-e the a 1a/ 3e e-a/ meeti 3 0ith the a1dito-?! -epo-t a d the -ep/ie! o 91a/i4i$atio !% i4 a y% made by the a1dito-! 2 "h# a$91i!itio o- di!po!a/ o4 p-ope-ty o4 the P-od1$eCompa y i it! o-di a-y $o1-!e o4 b1!i e!! 2 "i# i 5e!tme t o4 the 41 d! o4 the P-od1$e- Compa y i the o-di a-y $o1-!e o4 it! b1!i e!! 2 ";# !a $tio a y /oa o- ad5a $e% i $o e$tio 0ith the b1!i e!! a$ti5itie! o4 the P-od1$e- Compa y to a y Membe-% ot bei 3 a di-e$to- o- hi! -e/ati5e 2 "A# taAe !1$h othe- mea!1-e! o- do !1$h othe- a$t! a! may be -e91i-ed i the di!$ha-3e o4 it! 41 $tio ! oe,e-$i!e o4 it! po0e-!. "3# A// the po0e-! !pe$i4ied i !1b+!e$tio ! "&# a d ":# !ha// be e,e-$i!ed by the Boa-d% by mea ! o4 -e!o/1tio pa!!ed
at it! meeti 3 o beha/4 o4 the P-od1$e- Compa y. E,p/a atio . + Fo- the -emo5a/ o4 do1bt!% it i! he-eby de$/a-ed that a di-e$to- o- a 3-o1p o4 di-e$to-!% 0ho do ot $o !tit1te the Boa-d% !ha// ot e,e-$i!e a y o4 the po0e-! e,e-$i!ab/e by it. @8&S. MATTERS TO BE TRANSACTE* AT 7ENERAC MEETIN7 Pa3e :3' o4 33: "&# The Boa-d o4 di-e$to-! o4 a P-od1$e- Compa y !ha// e,e-$i!e the 4o//o0i 3 po0e-! o beha/4 o4 that $ompa y% a d it !ha// do !o o /y by mea ! o4 -e!o/1tio ! pa!!ed at the a 1a/ 3e e-a/ meeti 3 o4 it! Membe-!% ame/y = + "a# app-o5a/ o4 b1d3et a d adoptio o4 a 1a/ a$$o1 t! o4 the P-od1$e- Compa y 2 "b# app-o5a/ o4 pat-o a3e bo 1! 2 "$# i!!1e o4 bo 1! !ha-e! 2 "d# de$/a-atio o4 /imited -et1- a d de$i!io o the di!t-ib1tio o4 pat-o a3e 2 "e# !pe$i4y the $o ditio ! a d /imit! o4 /oa ! that may be 3i5e by the Boa-d to a y di-e$to- 2 a d "4# app-o5a/ o4 a y t-a !a$tio o4 the at1-e a! i! to be -e!e-5ed i the a-ti$/e! 4o- app-o5a/ by the Membe-!. @8&T. CIABICITG OF *IRECTORS "&# Whe the di-e$to-! 5ote 4o- a -e!o/1tio % oapp-o5e by a y othe- mea !% a ythi 3 do e i $o t-a5e tio o4 the
p-o5i!io ! o4 thi! A$t o- a y othe- /a0 4o- the time bei 3 i 4o-$e o- a-ti$/e!% they !ha// be ;oi t/y a d !e5e-a//y /iab/e to maAe 3ood a y /o!! o- dama3e !144e-ed by the P-od1$e- Compa y. ":# Witho1t p-e;1di$e to the p-o5i!io ! $o tai ed i !1b+!e$tio "&#% the P-od1$e- Compa y !ha// ha5e the -i3ht to -e$o5e- 4-om it! di-e$to- + "a# 0he-e !1$h di-e$to- ha! made a y p-o4it a! a -e!1/t o4 the $o t-a 5e tio !pe$i4ied i !1b+!e$tio "&#% a amo1 t e91a/ to the p-o4it !o made 2 "b# 0he-e the P-od1$e- Compa y i $1--ed a /o!! odama3e a! a -e!1/t o4 the $o t-a5e tio !pe$i4ied i !1b+!e$tio "&#% a amo1 t e91a/ to that /o!! o- dama3e 2 "3# The /iabi/ity impo!ed 1 dethi! !e$tio !ha// be i additio to a d ot i de-o3atio o4 a /iabi/ity impo!ed o a di-e$to- 1 dethi! A$t o- a y othe- /a0 4o- the time bei 3 i 4o-$e. @8&D. COMMITTEE OF *IRECTORS "&# The Boa-d may $o !tit1te !1$h 1mbe- o4 $ommittee! a! it may deem 4it 4o- the p1-po!e o4 a!!i!ti 3 the Boa-d i the e44i$ie t di!$ha-3e o4 it! 41 $tio ! = P-o5ided that the Boa-d !ha// ot de/e3ate a y o4 it! po0e-! o- a!!i3 the po0e-! o4 the Chie4 E,e$1ti5e% to a y
$ommittee. ":# A $ommittee $o !tit1ted 1 de- !1b+!e$tio "&# may% 0ith the app-o5a/ o4 the Boa-d% $o+opt !1$h 1mbe- o4 pe-!o ! a! it deem! 4it a! membe-! o4 the $ommittee = P-o5ided that the Chie4 E,e$1ti5e appoi ted 1 de!e$tio @8&W o- a di-e$to- o4 the P-od1$e- Compa y !ha// be a membe- o4 !1$h $ommittee. "3# E5e-y !1$h $ommittee !ha// 41 $tio 1 de- the 3e e-a/ !1pe-i te de $e% di-e$tio a d $o t-o/ o4 the Boa-d% 4o!1$h d1-atio % a d i !1$h ma e- a! the Boa-d may di-e$t. "<# The 4ee a d a//o0a $e! to be paid to the membe-! o4 the $ommittee !ha// be !1$h a! may be dete-mi ed by the Boa-d. "@# The mi 1te! o4 ea$h meeti 3 o4 the $ommittee !ha// be p/a$ed be4o-e the Boa-d at it! e,t meeti 3. @8&F. MEETIN7S OF BOAR* AN* HDORDM "&# A meeti 3 o4 the Boa-d !ha// be he/d ot /e!! tha o $e i e5e-y th-ee mo th! a d at /ea!t 4o1- !1$h meeti 3! !ha// be he/d i e5e-y yea-. ":# Noti$e o4 e5e-y meeti 3 o4 the Boa-d o4 di-e$to-! !ha// be 3i5e i 0-iti 3 to e5e-y di-e$to- 4o- the time bei 3 i I dia% a d at hi! 1!1a/ add-e!! i I dia to e5e-y othedi-e$to-.
"3# The Chie4 E,e$1ti5e !ha// 3i5e oti$e a! a4o-e!aid ot /e!! tha !e5e day! p-io- to the date o4 the meeti 3 o4 the Boa-d a d i4 he 4ai/! to do !o% he !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to o e tho1!a d -1pee! = P-o5ided that a meeti 3 o4 the Boa-d may be $a//ed at !ho-te- oti$e a d the -ea!o ! the-eo4 !ha// be -e$o-ded i 0-iti 3 by the Boa-d. "<# The 91o-1m 4o- a meeti 3 o4 the Boa-d !ha// be o e+thi-d o4 the tota/ !t-e 3th o4 di-e$to-!% !1b;e$t to a mi im1m o4 th-ee. "@# Sa5e a! p-o5ided i the a-ti$/e!% di-e$to-! i $/1di 3 the $o+opted di-e$to-% may be paid !1$h 4ee! a d a//o0a $e! 4o- atte da $e at the meeti 3! o4 the Boa-d% a! may be de$ided by the Membe-! i the 3e e-a/ meeti 3. @8&W. C8IEF EKECDTIFE AN* 8IS FDNCTIONS "&# E5e-y P-od1$e- Compa y !ha// ha5e a 41// time Chie4 E,e$1ti5e% by 0hate5e- ame $a//ed% to be appoi ted by the Boa-d 4-om amo 3!t pe-!o ! othetha Membe-!. ":# The Chie4 E,e$1ti5e !ha// be e, o44i$io di-e$to- o4 the Boa-d a d !1$h di-e$to- !ha// ot -eti-e by -otatio . "3# Sa5e a! othe-0i!e p-o5ided i a-ti$/e!% the 91a/i4i$atio !% e,pe-ie $e a d the te-m! a d $o ditio ! o4 !e-5i$e o4 the Chie4 E,e$1ti5e !ha// be !1$h a! may be dete-mi ed by the Boa-d.
"<# The Chie4 E,e$1ti5e !ha// be e t-1!ted 0ith !1b!ta tia/ po0e-! o4 ma a+3eme t a! the Boa-d may dete-mi e. "@# Witho1t p-e;1di$e to the 3e e-a/ity o4 !1b+!e$tio "<#% the Chie4 E,e$1ti5e may e,e-$i!e the po0e-! a d di!$ha-3e the 41 $tio !% ame/y = + "a# do admi i!t-ati5e a$t! o4 a -o1ti e at1-e i $/1di 3 ma a3i 3 the day+to+day a44ai-! o4 the P-od1$eCompa y 2 "b# ope-ate ba A a$$o1 t! o- a1tho-i!e a y pe-!o % !1b;e$t to the 3e e+-a/ o- !pe$ia/ app-o5a/ o4 the Boa-d i thi! beha/4% to ope-ate the ba A a$$o1 t 2 "$# maAe a--a 3eme t! 4o- !a4e $1!tody o4 $a!h a d othe- a!!et! o4 the P-od1$e- Compa y 2 "d# !i3 !1$h do$1me t! a! may be a1tho-i!ed by the Boa-d% 4o- a d o beha/4 o4 the $ompa y 2 Pa3e :3> o4 33: "e# mai tai p-ope- booA! o4 a$$o1 t 2 p-epa-e a 1a/ a$$o1 t! a d a1dit the-eo4 2 p/a$e the a1dited a$$o1 t! be4o-e the Boa-d a d i the a 1a/ 3e e-a/ meeti 3 o4 the Membe-! 2 "4# 41- i!h Membe-! 0ith pe-iodi$ i 4o-matio to app-ai!e them o4 the ope-atio a d 41 $tio ! o4 the P-od1$eCompa y 2 "3# maAe appoi tme t! to po!t! i a$$o-da $e 0ith the po0e-! de/e+3ated to him by the Boa-d 2
"h# a!!i!t the Boa-d i the 4o-m1/atio o4 3oa/!% ob;e$ti5e!% !t-ate3ie!% p/a ! a d po/i$ie! 2 "i# ad5i!e the Boa-d 0ith -e!pe$t to /e3a/ a d -e31/ato-y matte-! $o $e- i 3 the p-opo!ed a d o 3oi 3 a$ti5itie! a d taAe e$e!!a-y a$tio i -e!pe$t the-eo4 2 ";# e,e-$i!e the po0e-! a! may be e$e!!a-y i the o-di a-y $o1-!e o4 b1!i e!! 2 "A# di!$ha-3e !1$h othe- 41 $tio !% a d e,e-$i!e !1$h othe- po0e-!% a! may be de/e3ated by the Boa-d. "'# The Chie4 E,e$1ti5e !ha// ma a3e the a44ai-! o4 the P-od1$eCompa y 1 dethe 3e e-a/ !1pe-i te de $e% di-e$tio a d $o t-o/ o4 the Boa-d a d be a$$o1 tab/e 4o- the pe-4o-ma $e o4 the P-od1$e- Compa y. @8&K. SECRETARG OF PRO*DCER COMPANG "&# E5e-y P-od1$e- Compa y ha5i 3 a a5e-a3e a 1a/ t1- o5e- e,$eedi 3 4i5e $-o-e -1pee! i ea$h o4 th-ee $o !e$1ti5e 4i a $ia/ yea-! !ha// ha5e a 0ho/e+time !e$-eta-y. ":# No i di5id1a/ !ha// be appoi ted a! 0ho/e+time !e$-eta-y 1 /e!! he po!!e!!e! membe-!hip o4 the I !tit1te o4 Compa y Se$-eta-ie! o4 I dia $o !tit1ted 1 de- the Compa y Se$-eta-ie! A$t% &98(. "3# I4 a P-od1$e- Compa y 4ai/! to $omp/y 0ith the p-o5i!io ! o4 !1b+!e$tio "&#% the $ompa y a d e5e-y o44i$e- o4 the
$ompa y 0ho i! i de4a1/t% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to 4i5e h1 d-ed -1pee! 4oe5e-y day d1-i 3 0hi$h the de4a1/t $o ti 1e! = P-o5ided that i a y p-o$eedi 3! a3ai !t a pe-!o i -e!pe$t o4 a o44e $e 1 dethi! !1b+!e$tio % it !ha// be a de4e $e to p-o5e that a// -ea!o ab/e e44o-t! to $omp/y 0ith the p-o5i!io ! o4 !1b+!e$tio "&# 0e-e taAe othat the 4i a $ia/ po!itio o4 the $ompa y 0a! !1$h that it 0a! beyo d it! $apa$ity to e 3a3e a 0ho/e+time !e$-eta-y. @8&G. HDORDM D /e!! the a-ti$/e! -e91i-e a /a-3e- 1mbe-% o e+4o1-th o4 the tota/ membe-!hip !ha// $o !tit1te the 91o-1m at a 3e e-a/ meeti 3. @8&N. FOTIN7 RI78TS Sa5e a! othe-0i!e p-o5ided i !1b+!e$tio ! "&# a d "3# o4 !e$tio @8I*% e5e-y Membe- !ha// ha5e o e 5ote a d i the $a!e o4 e91a/ity o4 5ote!% the Chai-ma o- the pe-!o p-e!idi 3 !ha// ha5e a $a!ti 3 5ote e,$ept i the $a!e o4 e/e$tio o4 the Chai-ma . C8APTER IF= 7ENERAC MEETIN7S
@8&NA. ANNDAC 7ENERAC MEETIN7S "&# E5e-y P-od1$e- Compa y !ha// i ea$h yea-% ho/d% i additio to a y othe- meeti 3!% a 3e e-a/ meeti 3% a! it! a 1a/ 3e e-a/ meeti 3 a d !ha// !pe$i4y the meeti 3 a! !1$h i the oti$e! $a//i 3 it% a d ot mo-e tha 4i4tee mo th! !ha// e/ap!e bet0ee the date o4 o e a 1a/ 3e e-a/ meeti 3 o4 a P-od1$e- Compa y a d that o4 the e,t = P-o5ided that the Re3i!t-a- may% 4o- a y !pe$ia/ -ea!o % pe-mit e,te !io o4 the time 4o- ho/di 3 a y a 1a/ 3e e-a/ meeti 3 " ot bei 3 the 4i-!t a 1a/ 3e e-a/ meeti 3# by a pe-iod ot e,$eedi 3 th-ee mo th!. ":# A P-od1$e- Compa y !ha// ho/d it! 4i-!t a 1a/ 3e e-a/ meeti 3 0ithi a pe-iod o4 i ety day! 4-om the date o4 it! i $o-po-atio . "3# The Membe-! !ha// adopt the a-ti$/e! o4 the P-od1$e- Compa y a d appoi t di-e$to-! o4 it! Boa-d i the a 1a/ 3e e-a/ meeti 3. "<# The oti$e $a//i 3 the a 1a/ 3e e-a/ meeti 3 !ha// be a$$ompa ied by the 4o//o0i 3 do$1me t!% ame/y = + "a# the a3e da o4 the a 1a/ 3e e-a/ meeti 3 2 "b# the mi 1te! o4 the p-e5io1! a 1a/ 3e e-a/ meeti 3 o- the e,t-ao-di a-y 3e e-a/ meeti 3 2
"$# the ame! o4 $a didate! 4o- e/e$tio % i4 a y% to the o44i$e o4 di-e$to- i $/1di 3 a !tateme t o4 91a/i4i$atio ! i -e!pe$t o4 ea$h $a didate2 "d# the a1dited ba/a $e+!heet a d p-o4it a d /o!! a$$o1 t! o4 the P-od1$e- Compa y a d it! !1b!idia-y% i4 a y% to3ethe- 0ith a -epo-t o4 the Boa-d o4 di-e$to-! o4 !1$h Compa y 0ith -e!pe$t to + "i# the !tate o4 a44ai-! o4 the P-od1$e- Compa y 2 "ii# the amo1 t p-opo!ed to be $a--ied to -e!e-5e 2 "iii# the amo1 t to be paid a! /imited -et1- o !ha-e $apita/ 2 "i5# the amo1 t p-opo!ed to be di!b1-!ed a! pat-o a3e bo 1! 2 "5# the mate-ia/ $ha 3e! a d $ommitme t!% i4 a y% a44e$ti 3 the 4i a $ia/ po!itio o4 the P-od1$eCompa y a d it! !1b!idia-y% 0hi$h ha5e o$$1--ed i bet0ee the date o4 the a 1a/ a$$o1 t! o4 the P-od1$e- Compa y to 0hi$h the ba/a $e !heet -e/ate! a d the date o4 the -epo-t o4 the Boa-d 2 "5i# a y othematte- o4 impo-ta $e -e/ati 3 to e e-3y $o !e-5atio % e 5i-o me ta/ p-ote$tio % e,pe dit1-e oea- i 3! i 4o-ei3 e,$ha 3e! 2 "5ii# a y othematte- 0hi$h i! -e91i-ed to be% o- may be% !pe$i4ied by the Boa-d 2 "e# the te,t o4 the d-a4t -e!o/1tio 4o- appoi tme t o4 a1dito-! 2 Pa3e :38 o4 33:
"4# the te,t o4 a y d-a4t -e!o/1tio p-opo!i 3 ame dme t to the memo-a d1m o- a-ti$/e! to be $o !ide-ed at the 3e e-a/ meeti 3% a/o 3 0ith the -e$omme datio ! o4 the Boa-d. "<# The Boa-d o4 di-e$to-! !ha//% o the -e91i!itio made i 0-iti 3% d1/y !i3 ed a d !etti 3 o1t the matte-! 4o- the $o !ide-atio % made by o e+thi-d o4 the Membe-! e tit/ed to 5ote i a y 3e e-a/ meeti 3% p-o$eed to $a// a e,t-ao-di a-y 3e e-a/ meeti 3 i a$$o-da $e 0ith the p-o5i!io ! $o tai ed i !e$tio ! &'9 to &8' o4 thi! A$t. "@# E5e-y a 1a/ 3e e-a/ meeti 3 !ha// be $a//ed% 4o- a time d1-i 3 b1!i e!! ho1-!% o a day that i! ot a p1b/i$ ho/iday a d !ha// be he/d at the -e3i!te-ed o44i$e o4 the P-od1$e- Compa y o- at !ome othe- p/a$e 0ithi the $ity% to0 o- 5i//a3e i 0hi$h the -e3i!te-ed o44i$e o4 the Compa y i! !it1ate. "'# A 3e e-a/ meeti 3 o4 the P-od1$e- Compa y !ha// be $a//ed by 3i5i 3 ot /e!! tha 4o1-tee day! p-iooti$e i 0-iti 3. "># The oti$e o4 the 3e e-a/ meeti 3 i di$ati 3 the date% time a d p/a$e o4 the meeti 3 !ha// be !e t to e5e-y Membea d a1dito- o4 the P-od1$e- Compa y.
"8# D /e!! the a-ti$/e! o4 the P-od1$e- Compa y p-o5ide 4o- a /a-3e- 1mbe-% o e+4o1-th o4 the tota/ 1mbe- o4 membe-! o4 the P-od1$e- Compa y !ha// be the 91o-1m 4o- it! a 1a/ 3e e-a/ meeti 3. "9# The p-o$eedi 3! o4 e5e-y a 1a/ 3e e-a/ meeti 3 a/o 3 0ith the *i-e$to-!? Repo-t% the a1dited ba/a $e !heet a d the p-o4it a d /o!! a$$o1 t !ha// be 4i/ed 0ith the Re3i!t-a- 0ithi !i,ty day! o4 the date o 0hi$h the a 1a/ 3e e-a/ meeti 3 i! he/d% 0ith a a 1a/ -et1- a/o 3 0ith the 4i/i 3 4ee! a! app/i$ab/e 1 de- the A$t. "&(# I the $a!e 0he-e a P-od1$e- Compa y i! 4o-med by P-od1$e- i !tit1tio !% !1$h i !tit1tio ! !ha// be -ep-e!e ted i the 3e e-a/ body th-o13h the Chai-ma o- the Chie4 E,e$1ti5e the-eo4 0ho !ha// be $ompete t to a$t o it! beha/4 = P-o5ided that a P-od1$e- i !tit1tio !ha// ot be -ep-e!e ted i4 !1$h i !tit1tio maAe! a de4a1/t o4ai/1-e -e4e--ed to i $/a1!e! "d# to "4# o4 !1b+!e$tio "&# o4 !e$tio @8&H. C8APTER F= S8ARE CAPITAC AN* MEMBERS RI78TS @8&NB. S8ARE CAPITAC "&# The !ha-e $apita/ o4 a P-od1$e- Compa y !ha// $o !i!t o4 e91ity !ha-e! o /y.
":# The !ha-e! he/d by a Membe- i a P-od1$eCompa y% !ha// a! 4a- a! may be% be i p-opo-tio to the pat-o a3e o4 that $ompa y.
@8&NC. SPECIAC DSER RI78TS "&# The p-od1$e-!% 0ho a-e a$ti5e Membe-! may% i4 !o p-o5ided i the a-ti$/e!% ha5e !pe$ia/ -i3ht! a d the P-od1$eCompa y may i!!1e app-op-iate i !t-1me t! to them i -e!pe$t o4 !1$h !pe$ia/ -i3ht!. ":# The i !t-1me t! o4 the P-od1$e- Compa y i!!1ed 1 de- !1b+!e$tio "&# !ha//% a4te- obtai i 3 app-o5a/ o4 the Boa-d i that beha/4% be t-a !4e-ab/e to a y othe- a$ti5e Membe- o4 that P-od1$e- Compa y. E,p/a atio . + Fo- the p1-po!e! o4 thi! !e$tio % the e,p-e!!io .!pe$ia/ -i3ht. mea ! a y -i3ht -e/ati 3 to !1pp/y o4 additio a/ p-od1$e by the a$ti5e Mem be- o- a y othe-i3ht -e/ati 3 to hi! p-od1$e 0hi$h may be $o 4e--ed 1po him by the Boa-d. @8&N*. TRANSFERABICITG OF S8ARES AN* ATTEN*ANT RI78TS "&# Sa5e a! othe-0i!e p-o5ided i !1b+!e$tio ! ":# to "<#% the !ha-e! o4 a Membe- o4 a P-od1$e- Compa y !ha// ot be
t-a !4e-ab/e. ":# A Membe- o4 a P-od1$e- Compa y may% a4teobtai i 3 the p-e5io1! app-o5a/ o4 the Boa-d% t-a !4ethe 0ho/e opa-t o4 hi! !ha-e! a/o 3 0ith a y !pe$ia/ -i3ht!% to a a$ti5e Membe- at pa- 5a/1e. "3# E5e-y Membe- !ha//% 0ithi th-ee mo th! o4 hi! be$omi 3 a Membe- i the P-od1$e- Compa y% omi ate% i the ma e- !pe$i4ied i a-ti$/e!% a pe-!o to 0hom hi! !ha-e! i the P-od1$e- Compa y !ha// 5e!t i the e5e t o4 hi! death. "<# The omi ee !ha//% o the death o4 the Membe-% be$ome e tit/ed to a// the -i3ht! i the !ha-e! o4 the P-od1$eCompa y a d the Boa-d o4 that Compa y !ha// t-a !4e- the !ha-e! o4 the de$ea!ed Membe- to hi! omi ee= P-o5ided that i a $a!e 0he-e !1$h omi ee i! ot a p-od1$e-% the Boa-d !ha// di-e$t the !1--e de- o4 !ha-e! to3ethe0ith !pe$ia/ -i3ht!% i4 a y% to the P-od1$e- Compa y at pa- 5a/1e o- !1$h othe- 5a/1e a! may be dete-mi ed by the Boa-d. "@# Whe-e the Boa-d o4 a P-od1$e- Compa y i! !ati!4ied that + "a# a y Membe- ha! $ea!ed to be a p-ima-y p-od1$e- 2 o-
"b# a y Membe- ha! 4ai/ed to -etai hi! 91a/i4i$atio ! to be a Membe- a! !pe$i4ied i a-ti$/e!% the Boa-d !ha// di-e$t the !1--e de- o4 !ha-e! to3ethe0ith !pe$ia/ -i3ht!% i4 a y% to the P-od1$e- Compa y at pa5a/1e o- !1$h othe- 5a/1e a! may be dete-mi ed by the Boa-d = P-o5ided that the Boa-d !ha// ot di-e$t !1$h !1--e deo4 !ha-e! 1 /e!! the Membe- ha! bee !e-5ed 0ith a 0-itte oti$e a d 3i5e a oppo-t1 ity o4 bei 3 hea-d. C8APTER FI= FINANCE% ACCODNTS AN* AD*IT @8&NE. BOO6S OF ACCODNT "&# E5e-y P-od1$e- Compa y !ha// Aeep at it! -e3i!te-ed o44i$e p-ope- booA! o4 a$$o1 t 0ith -e!pe$t to + Pa3e :39 o4 33: "a# a// !1m! o4 mo ey -e$ei5ed a d e,pe ded by the P-od1$e- Com pa y a d the matte-! i -e!pe$t o4 0hi$h the -e$eipt! a d e,pe dit1-e taAe p/a$e 2 "b# a// !a/e! a d p1-$ha!e o4 3ood! by the P-od1$eCompa y 2 "$# the i !t-1me t! o4 /iabi/ity e,e$1ted by o- o beha/4 o4 the P-od1$e- Compa y 2 "d# the a!!et! a d /iabi/itie! o4 the P-od1$eCompa y 2 "e# i $a!e o4 a P-od1$e- Compa y e 3a3ed i p-od1$tio % p-o$e!!i 3 a d ma 14a$t1-i 3% the pa-ti$1/a-! -e/ati 3 to
1ti/i!atio o4 mate-ia/! o- /abo1- o- othe- item! o4 $o!t!. ":# The ba/a $e !heet a d p-o4it a d /o!! a$$o1 t! o4 the P-od1$e- Compa y !ha// be p-epa-ed% a! 4a- a! may be% i a$$o-da $e 0ith the p-o5i!io ! $o tai ed i !e$tio :&&. @8&NF. INTERNAC AD*IT E5e-y P-od1$e- Compa y !ha// ha5e i te- a/ a1dit o4 it! a$$o1 t! $a--ied o1t% at !1$h i te-5a/ a d i !1$h ma e- a! may be !pe$i4ied i a-ti$/e!% by a $ha-te-ed a$$o1 ta t a! de4i ed i $/a1!e "b# o4 !1b+!e$tio "&# o4 !e$tio : o4 the I !tit1te o4 Cha-te-ed A$$o1 ta t! A$t% &9<9 "38 o4 &9<9#. @8&N7. *DTIES OF AD*ITOR DN*ER T8IS PART Witho1t p-e;1di$e to the p-o5i!io ! $o tai ed i !e$tio ::>% the a1dito- !ha// -epo-t o the 4o//o0i 3 additio a/ matte-! -e/ati 3 to the P-od1$e- Compa y% ame/y = + "a# the amo1 t o4 debt! d1e a/o 3 0ith pa-ti$1/a-! o4 bad debt! i4 a y = "b# the 5e-i4i$atio o4 $a!h ba/a $e a d !e$1-itie! 2 "$# the detai/! o4 a!!et! a d /iabi/itie! 2 "d# a// t-a !a$tio ! 0hi$h appea- to be $o t-a-y to the p-o5i!io ! o4 thi! Pa-t 2 "e# the /oa ! 3i5e by the P-od1$e- Compa y to the di-e$to-! 2
"4# the do atio ! o- !1b!$-iptio ! 3i5e by the P-od1$e- Compa y 2 "3# a y othematte- a! may be $o !ide-ed e$e!!a-y by the a1dito-. @8&N8. *ONATIONS OR SDBSCRIPTION BG PRO*DCER COMPANG A P-od1$e- Compa y may% by !pe$ia/ -e!o/1tio % maAe do atio o- !1b!$-iptio to a y i !tit1tio oi di5id1a/ 4o- the p1-po!e! o4 + "a# p-omoti 3 the !o$ia/ a d e$o omi$ 0e/4a-e o4 P-od1$e- Membe-! o- p-od1$e-! o- 3e e-a/ p1b/i$ 2 o"b# p-omoti 3 the m1t1a/ a!!i!ta $e p-i $ip/e! = P-o5ided that the a33-e3ate amo1 t o4 a// !1$h do atio a d !1b!$-iptio i a y 4i a $ia/ yea- !ha// ot e,$eed th-ee pe- $e t o4 the et p-o4it o4 the P-od1$e- Compa y i the 4i a $ia/ yea- immediate/y p-e$edi 3 the 4i a $ia/ yea- i 0hi$h the do atio o- !1b!$-iptio 0a! made= P-o5ided 41-the- that o P-od1$e- Compa y !ha// maAe di-e$t/y o- i di-e$t/y to a y po/iti$a/ pa-ty o- 4oa y po/iti$a/ p1-po!e to a y pe-!o a y $o t-ib1tio o- !1b!$-iptio o- maAe a5ai/ab/e a y 4a$i/itie! i $/1di 3 pe-!o e/ omate-ia/. @8&NI. 7ENERAC AN* OT8ER RESERFES
"&# E5e-y P-od1$e- Compa y !ha// mai tai a 3e e-a/ -e!e-5e i e5e-y 4i a $ia/ yea-% i additio to a y -e!e-5e mai tai ed by it a! may be !pe$i4ied i a-ti$/e!. ":# I a $a!e 0he-e the P-od1$e- Compa y doe! ot ha5e !144i$ie t 41 d! i a y 4i a $ia/ yea- 4o- t-a !4eto mai tai the -e!e-5e! a! may be !pe$i4ied i a-ti$/e!% the $o t-ib1tio to the -e!e-5e !ha// be !ha-ed amo 3!t the Membe-! i p-opo-tio to thei- pat-o a3e i the b1!i e!! o4 that $ompa y i that yea-. @8&NI. ISSDE OF BONDS S8ARES A y P-od1$e- Compa y may% 1po -e$omme datio o4 the Boa-d a d pa!!i 3 o4 -e!o/1tio i the 3e e-a/ meeti 3% i!!1e bo 1! !ha-e! by $apita/i!atio o4 amo1 t! 4-om 3e e-a/ -e!e-5e! -e4e--ed to i !e$tio @8&NI i p-opo-tio to the !ha-e! he/d by the Membe-! o the date o4 the i!!1e o4 !1$h !ha-e!. C8APTER FII= INFESTMENTS COANS TO MEMBERS AN*
@8&N6. COAN% ETC.% TO MEMBERS The Boa-d may% !1b;e$t to the p-o5i!io ! made i a-ti$/e!% p-o5ide 4i a $ia/ a!!i!ta $e to the Membe-! o4 the P-od1$e- Compa y by 0ay o4 +
"a# $-edit 4a$i/ity% to a y Membe-% i $o e$tio 0ith the b1!i e!! o4 the P-od1$e- Compa y% 4o- a pe-iod ot e,$eedi 3 !i, mo th! 2 "b# /oa ! a d ad5a $e!% a3ai !t !e$1-ity !pe$i4ied i a-ti$/e! to a y Membe-% -epayab/e 0ithi a pe-iod e,$eedi 3 th-ee mo th! b1t ot e,$eedi 3 !e5e yea-! 4-om the date o4 di!b1-!eme t o4 !1$h /oa o- ad5a $e! = P-o5ided that a y /oa o- ad5a $e to a y di-e$to- ohi! -e/ati5e !ha// be 3-a ted o /y a4te- the app-o5a/ by the Membe-! i 3e e-a/ meeti 3. @8&NC. INFESTMENT IN OT8ER COMPANIES% FORMATION OF SDBSI*IARIES% ETC "&# The 3e e-a/ -e!e-5e! o4 a y P-od1$e- Compa y !ha// be i 5e!ted to !e$1-e the hi3he!t -et1- ! a5ai/ab/e 4-om app-o5ed !e$1-itie!% 4i,ed depo!it!% 1 it!% bo d! i!!1ed by the 7o5e- me t o- $o+ope-ati5e o!$hed1/ed ba A o- i !1$h othe- mode a! may be p-e!$-ibed. ":# A y P-od1$e- Compa y may% 4o- p-omotio o4 it! ob;e$ti5e! a$91i-e the !ha-e! o4 a othe- P-od1$eCompa y. Pa3e :<( o4 33: "3# A y P-od1$e- Compa y may !1b!$-ibe to the !ha-e $apita/ o4% o- e te- i to a y a3-eeme t o- othea--a 3eme t%
0hethe- by 0ay o4 4o-matio o4 it! !1b!idia-y $ompa y% ;oi t 5e t1-e o- i a y othema e- 0ith a y body $o-po-ate% 4o- the p1-po!e o4 p-omoti 3 the ob;e$t! o4 the P-od1$e- Compa y by !pe$ia/ -e!o/1tio i thi! beha/4. "<# A y P-od1$e- Compa y% eitheby it!e/4 o- to3ethe0ith it! !1b!idia-ie!% may i 5e!t% by 0ay o4 !1b!$-iptio % p1-$ha!e o- othe-0i!e% !ha-e! i a y othe- $ompa y% othetha a P-od1$e- Compa y% !pe$i4ied 1 de- !1b+ !e$tio ":#% o- !1b!$-iptio o4 $apita/ 1 de- !1b+!e$tio "3#% 4oa amo1 t ot e,$eedi 3 thi-ty pe- $e t o4 the a33-e3ate o4 it! paid+1p $apita/ a d 4-ee -e!e-5e! = P-o5ided that a P-od1$e- Compa y may% by !pe$ia/ -e!o/1tio pa!!ed i it! 3e e-a/ meeti 3 a d 0ith p-ioapp-o5a/ o4 the Ce t-a/ 7o5e- me t% i 5e!t i e,$e!! o4 the /imit! !pe$i4ied i thi! !e$tio . "@# A// i 5e!tme t! by a P-od1$e- Compa y may be made i4 !1$h i 5e!tme t! a-e $o !i!te t 0ith the ob;e$t! o4 the P-od1$e- Compa y. "'# The Boa-d o4 a P-od1$e- Compa y may% 0ith the p-e5io1! app-o5a/ o4 Membe-! by a !pe$ia/ -e!o/1tio % di!po!e o4 a y o4 it! i 5e!tme t! -e4e--ed to i !1b+!e$tio ! "3# a d "<#.
"># E5e-y P-od1$e- Compa y !ha// mai tai a -e3i!te$o tai i 3 pa-ti$1/a-! o4 a// the i 5e!tme t!% !ho0i 3 the ame! o4 the $ompa ie! i 0hi$h !ha-e! ha5e bee a$91i-ed% 1mbe- a d 5a/1e o4 !ha-e! 2 the date o4 a$91i!itio 2 a d the ma e- a d p-i$e at 0hi$h a y o4 the !ha-e! ha5e bee !1b!e91e t/y di!po!ed o4. "8# The -e3i!te- -e4e--ed to i !1b+!e$tio "># !ha// be Aept at the -e3i!te-ed o44i$e o4 the P-od1$e- Compa y a d the !ame !ha// be ope to i !pe$tio by a y Membe- 0ho may taAe e,t-a$t! the-e4-om. C8APTER FIII= PENACTIES @8&NM. PENACTG FOR CONTRAFENTION "&# I4 a y pe-!o % othetha a P-od1$e- Compa y -e3i!te-ed 1 dethi! Pa-t% $a--ie! o b1!i e!! 1 dea y ame 0hi$h $o tai ! the 0o-d! .P-od1$e- Compa y Cimited.% he !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to te tho1!a d -1pee! 4o- e5e-y day d1-i 3 0hi$h !1$h ame ha! bee 1!ed by him. ":# I4 a di-e$to- o- a o44i$e- o4 a P-od1$e- Compa y% 0ho 0i/41//y 4ai/! to 41- i!h a y i 4o-matio -e/ati 3 to the a44ai-! o4 the P-od1$e- Compa y -e91i-ed by a Membe- o- a pe-!o d1/y a1tho-i!ed i thi! beha/4% he !ha// be /iab/e to
imp-i!o me t 4o- a te-m 0hi$h may e,te d to !i, mo th! a d 0ith 4i e e91i5a/e t to 4i5e pe- $e t o4 the t1- o5e- o4 that $ompa y d1-i 3 p-e$edi 3 4i a $ia/ yea-. "3# I4 a di-e$to- o- o44i$e- o4 a P-od1$e- Compa y + "a# maAe! a de4a1/t i ha di 3 o5e- the $1!tody o4 booA! o4 a$$o1 t a d othedo$1me t! o- p-ope-ty i hi! $1!tody to the P-od1$e- Compa y o4 0hi$h he i! a di-e$to- oo44i$e- 2 o"b# 4ai/! to $o 5e e a 1a/ 3e e-a/ meeti 3 o- othe3e e-a/ meeti 3!% he !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to o e /aAh -1pee!% a d i the $a!e o4 a $o ti 1i 3 de4a1/t o4ai/1-e% 0ith a additio a/ 4i e 0hi$h may e,te d to te tho1!a d -1pee! 4o- e5e-y day d1-i 3 0hi$h !1$h de4a1/t o4ai/1-e $o ti 1e!. C8APTER *IFISION IK= AMAC7AMATION% MER7ER OR
@8&NN. AMAC7AMATION% MER7ER OR *IFISION% ETC.% TO FORM NEW PRO*DCER COMPANIES "&# A P-od1$e- Compa y may% by a -e!o/1tio pa!!ed at it! 3e e-a/ meeti 3%+ "a# de$ide to t-a !4e- it! a!!et! a d /iabi/itie!% i 0ho/e o- i pa-t% to a y othe- p-od1$e- Compa y% 0hi$h a3-ee! to
!1$h t-a !4e- by a -e!o/1tio pa!!ed at it! 3e e-a/ meeti 3% 4o- a y o4 the ob;e$t! !pe$i4ied i !e$tio @8&B 2 "b# di5ide it!e/4 i to t0o o- mo-e e0 P-od1$eCompa ie!. ":# A y t0o o- mo-e P-od1$e- Compa ie! may% by a -e!o/1tio pa!!ed at a y 3e e-a/ o- !pe$ia/ meeti 3! o4 it! Membe-!% de$ide to + "a# ama/3amate a d 4o-m a e0 P-od1$e- Compa y 2 o"b# me-3e o e P-od1$e- Compa y "he-ea4te- -e4e--ed to a! .me-3i 3 $ompa y.# 0ith a othe- P-od1$eCompa y "he-ea4te- -e4e--ed to a! .me-3ed $ompa y.#. "3# E5e-y -e!o/1tio o4 a P-od1$e- Compa y 1 dethi! !e$tio !ha// be pa!!ed at it! 3e e-a/ meeti 3 by a ma;o-ity o4 tota/ Membe-!% 0ith -i3ht o4 5ote ot /e!! tha t0o+ thi-d! o4 it! Membe-! p-e!e t a d 5oti 3 a d !1$h -e!o/1tio !ha// $o tai a// pa-ti$1/a-! o4 the t-a !4e- o4 a!!et! a d /iabi/itie!% o- di5i!io % ama/3amatio % o- me-3e-% a! the $a!e may be. "<# Be4o-e pa!!i 3 a -e!o/1tio 1 dethi! !e$tio % the P-od1$e- Compa y !ha// 3i5e oti$e the-eo4 i 0-iti 3 to3ethe0ith a $opy o4 the p-opo!ed -e!o/1tio to a// the Membe-! a d $-edito-! 0ho may 3i5e thei- $o !e t.
"@# Not0ith!ta di 3 a ythi 3 $o tai ed i a-ti$/e! o- i a y $o t-a$t to the $o t-a-y% a y Membe-% o- a y $-edito- ot $o !e ti 3 to the -e!o/1tio !ha//% d1-i 3 the pe-iod o4 o e mo th o4 the date o4 !e-5i$e o4 the oti$e o him% ha5e the optio % + "a# i the $a!e o4 a y !1$h Membe-% to t-a !4e- hi! !ha-e! 0ith the app-o5a/ o4 the Boa-d to a y a$ti5e Membethe-eby $ea!i 3 to $o ti 1e a! a Membe- o4 that $ompa y 2 o"b# i the $a!e o4 a $-edito-% to 0ithd-a0 hi! depo!it o/oa o- ad5a $e% a! the $a!e may be. "'# A y Membe- o- $-edito-% 0ho doe! ot e,e-$i!e hi! optio 0ithi the pe-iod !pe$i4ied i !1b+!e$tio "@#% !ha// be deemed to ha5e $o !e ted to the -e!o/1tio . "># A -e!o/1tio pa!!ed by a P-od1$e- Compa y 1 dethi! !e$tio !ha// ot taAe e44e$t 1 ti/ the e,pi-y o4 o e mo th o- 1 ti/ the a!!e t the-eto o4 a// the Membe-! a d $-edito-! ha! bee obtai ed% 0hi$he5e- i! ea-/ie-. Pa3e :<& o4 33: "8# The -e!o/1tio -e4e--ed to i thi! !e$tio !ha// p-o5ide 4o- + "a# the -e31/atio o4 $o d1$t o4 the P-od1$eCompa y?! a44ai-! i the 41t1-e 2 "b# the p1-$ha!e o4 !ha-e! o- i te-e!t o4 a y Membe-! o4 the P-od1$e- Compa y by othe- Membe-! o- by the P-od1$e- Compa y 2
"$# i the $a!e o4 p1-$ha!e o4 !ha-e! o4 o e P-od1$eCompa y by a othe- P-od1$e- Compa y% the $o !e91e t -ed1$tio o4 it! !ha-e $apita/ 2 "d# te-mi atio % !etti 3 a!ide o- modi4i$atio o4 a y a3-eeme t% ho0!oe5e- a--i5ed bet0ee the $ompa y o the o e ha d a d the di-e$to-!% !e$-eta-ie! a d ma a3e- o the othe- ha d% apa-t 4-om !1$h te-m! a d $o ditio ! a! may% i the opi io o4 the ma;o-ity o4 !ha-eho/de-!% be ;1!t a d e91itab/e i the $i-$1m!ta $e! o4 the $a!e2 "e# te-mi atio % !etti 3 a!ide o- modi4i$atio o4 a y a3-eeme t bet0ee the P-od1$e- Compa y a d a y pe-!o ot -e4e--ed to i $/a1!e "d#= P-o5ided that o !1$h a3-eeme t !ha// be te-mi ated% !et a!ide o- modi4ied e,$ept a4te- 3i5i 3 d1e oti$e to the pa-ty $o $e- ed = P-o5ided 41-the- that o !1$h a3-eeme t !ha// be modi4ied e,$ept a4te- obtai i 3 the $o !e t o4 the pa-ty $o $e- ed2 "4# the !etti 3 a!ide o4 a y t-a !4e-% de/i5e-y o4 3ood!% payme t% e,e$1tio o- othe- a$t -e/ati 3 to p-ope-ty% made odo e by o- a3ai !t the P-od1$e- Compa y 0ithi th-ee mo th! be4o-e the date o4 pa!!i 3 o4 the -e!o/1tio % 0hi$h
0o1/d i4 made o- do e a3ai !t a y i di5id1a/% be deemed i hi! i !o/5e $y to be a 4-a1d1/e t p-e4e-e $e 2 "3# the t-a !4e- to the me-3ed $ompa y o4 the 0ho/e oa y pa-t o4 the 1 de-taAi 3% p-ope-ty o- /iabi/ity o4 the P-od1$eCompa y 2 "h# the a//otme t o- app-op-iatio by the me-3ed $ompa y o4 a y !ha-e!% debe t1-e!% po/i$ie!% o- othe/iAe i te-e!t! i the me-3ed $ompa y2 "i# the $o ti 1atio by o- a3ai !t the me-3ed $ompa y o4 a y /e3a/ p-o$eedi 3! pe di 3 by o- a3ai !t a y P-od1$eCompa y 2 ";# the di!!o/1tio % 0itho1t 0i di 3 1p% o4 a y P-od1$eCompa y 2 "A# the p-o5i!io to be made 4o- the Membe-! o$-edito-! 0ho maAe di!!e t 2 "/# the ta,e! i4 a y% to be paid by the P-od1$eCompa y 2 "m# !1$h i $ide ta/% $o !e91e tia/ a d !1pp/eme ta/ matte-! a! a-e e$e!!a-y to !e$1-e that the di5i!io % ama/3amatio o- me-3e- !ha// be 41//y a d e44e$ti5e/y $a--ied o1t. "9# Whe a -e!o/1tio pa!!ed by a P-od1$e- Compa y 1 dethi! !e$tio taAe! e44e$t% the -e!o/1tio !ha// be a !144i$ie t $o 5eya $e to 5e!t the a!!et! a d /iabi/itie! i the t-a !4e-ee.
"&(# The P-od1$e- Compa y !ha// maAe a--a 3eme t! 4o- meeti 3 i 41// o- othe-0i!e !ati!4yi 3 a// $/aim! o4 the Membe-! a d the $-edito-! 0ho e,e-$i!e the optio % 0ithi the pe-iod !pe$i4ied i !1b+!e$tio "<#% ot to $o ti 1e a! the Membe- o- $-edito-% a! the $a!e may be. "&&# Whe-e the 0ho/e o4 the a!!et! a d /iabi/itie! o4 a P-od1$e- Compa y a-e t-a !4e--ed to a otheP-od1$eCompa y i a$$o-da $e 0ith the p-o5i!io ! o4 !1b+ !e$tio "9#% o- 0he-e the-e i! me-3e- 1 de- !1b+ !e$tio ":#% the -e3i!t-atio o4 the 4i-!t me tio ed Compa y o- the me-3i 3 $ompa y% a! the $a!e may be% !ha// !ta d $a $e//ed a d that Compa y !ha// be deemed to ha5e bee di!!o/5ed a d !ha// $ea!e to e,i!t 4o-th0ith a! a $o-po-ate body. "&:# Whe-e t0o o- mo-e P-od1$e- Compa ie! a-e ama/3amated i to a e0 P-od1$e- Compa y i a$$o-da $e 0ith the p-o5i!io ! o4 !1b+!e$tio ":# a d the P-od1$eCompa y !o 4o-med i! d1/y -e3i!te-ed by the Re3i!t-a-% the -e3i!t-atio o4 ea$h o4 the ama/3amati 3 $ompa ie! !ha// !ta d $a $e//ed 4o-th0ith o !1$h -e3i!t-atio a d ea$h o4 the Compa ie! !ha// the-e1po $ea!e to e,i!t a! a $o-po-ate body.
"&3# Whe-e a P-od1$e- Compa y di5ide! it!e/4 i to t0o o- mo-e P-od1$e- Compa ie! i a$$o-da $e 0ith the p-o5i!io ! o4 $/a1!e "b# o4 !1b+!e$tio "&# a d the e0 P-od1$e- Compa ie! a-e -e3i!te-ed i a$$o-da $e 0ith the p-o5i!io ! o4 !1b+!e$tio "8#% the -e3i!t-atio o4 the e-!t0hi/e P-od1$e- Compa y !ha// !ta d $a $e//ed 4o-th0ith a d that Compa y !ha// be deemed to ha5e bee di!!o/5ed a d $ea!e to e,i!t a! a $o-po-ate body. "&<# The ama/3amatio % me-3e- o- di5i!io o4 $ompa ie! 1 de- the 4o-e3oi 3 !1b+!e$tio ! !ha// ot i a y ma e0hat!oe5e- a44e$t the p-e+e,i!ti 3 -i3ht! o- ob/i3atio ! a d a y /e3a/ p-o$eedi 3! that mi3ht ha5e bee $o ti 1ed o$omme $ed by o- a3ai !t a y e-!t0hi/e $ompa y be4o-e the ama/3amatio % me-3e- o- di5i!io % may be $o ti 1ed o$omme $ed by% o- a3ai !t% the $o $e- ed -e!1/ti 3 $ompa y% o- me-3ed $ompa y% a! the $a!e may be. "&@# The Re3i!t-a- !ha// !t-iAe o44 the ame! o4 e5e-y P-od1$e- Compa y deemed to ha5e bee di!!o/5ed 1 de- !1b+ !e$tio ! "&&# to "&<#. "&'# A y membe- o- $-edito- o- emp/oyee a33-ie5ed by the t-a !4e- o4 a!!et!% di5i!io % ama/3amatio ome-3e- may% 0ithi thi-ty day! o4 the pa!!i 3 o4 the -e!o/1tio % p-e4e- a appea/ to the 8i3h Co1-t.
"&># The 8i3h Co1-t !ha//% a4te- 3i5i 3 a -ea!o ab/e oppo-t1 ity to the pe-!o $o $e- ed% pa!! !1$h o-de-! the-eo a! it may deem 4it. "&8# Whe-e a appea/ ha! bee 4i/ed 1 de- !1b+ !e$tio "&'#% the t-a !4e- o4 a!!et!% di5i!io % ama/3amatio o- me-3eo4 the P-od1$e- Compa y !ha// be !1b;e$t to the de$i!io o4 the 8i3h Co1-t. C8APTER K= RESOCDTION OF *ISPDTES @8&NO. *ISPDTES "&# Whe-e a y di!p1te -e/ati 3 to the 4o-matio % ma a3eme t o- b1!i e!! o4 a P-od1$e- Compa y a-i!e! + "a# amo 3!t Membe-!% 4o-me- Membe-! o- pe-!o ! $/aimi 3 to be Membe-! o- omi ee! o4 de$ea!ed Membe-! 2 o"b# bet0ee a Membe-% 4o-me- Membe- o- a pe-!o $/aimi 3 to be a Membe-% o- omi ee o4 de$ea!ed Membe- a d the P-od1$e- Compa y% it! Boa-d o4 di-e$to-!% o44i$e+ bea-e-!% o- /i91idato-% pa!t o- p-e!e t 2 o- Pa3e :<: o4 33: "$# bet0ee the P-od1$e- Compa y o- it! Boa-d% a d a y di-e$to-% o44i$e bea-e- o- a y 4o-medi-e$to-% othe omi ee% hei- o- /e3a/ -ep-e!e tati5e o4 a y de$ea!ed di-e$to- o4 the P-od1$e- Compa y%
!1$h di!p1te !ha// be !ett/ed by $o $i/iatio o- by a-bit-atio a! p-o5ided 1 de- the A-bit-atio a d Co $i/iatio A$t% &99' ":' o4 &99'# a! i4 the pa-tie! to the di!p1te ha5e $o !e ted i 0-iti 3 4o- dete-mi atio o4 !1$h di!p1te! by $o $i/iatio o- by a-bit-atio a d the p-o5i!io ! o4 the !aid A$t !ha// app/y a$$o-di 3/y. E,p/a atio . + Fo- the p1-po!e! o4 thi! !e$tio % a di!p1te !ha// i $/1de + "a# a $/aim 4o- a y debt o- othe- amo1 t d1e 2 "b# a $/aim by !1-ety a3ai !t the p-i $ipa/ debto-% 0he-e the P-od1$e- Compa y ha! -e$o5e-ed 4-om the !1-ety amo1 t i -e!pe$t o4 a y debto- o- othe- amo1 t d1e to it 4-om the p-i $ipa/ debto- a! a -e!1/t o4 the de4a1/t o4 the p-i $ipa/ debto- 0hethe- !1$h debt o- amo1 t d1e be admitted o- ot 2 "$# a $/aim by P-od1$e- Compa y a3ai !t a Membe4o- 4ai/1-e to !1pp/y p-od1$e a! -e91i-ed o4 him 2 "d# a $/aim by a Membe- a3ai !t the P-od1$eCompa y 4o- ot taAi 3 3ood! !1pp/ied by him. ":# I4 a y 91e!tio a-i!e! 0hethe- the di!p1te -e/ate! to 4o-matio % ma a3eme t o- b1!i e!! o4 the P-od1$eCompa y% the 91e!tio !ha// be -e4e--ed to the a-bit-ato-% 0ho!e de$i!io the-eo !ha// be 4i a/. C8APTER KI= MISCECCANEODS PROFISIONS
@8&NP. STRI6E OFF NAME OF PRO*DCER COMPANG "&# Whe-e a P-od1$e- Compa y 4ai/! to $omme $e b1!i e!! 0ithi o e yea- o4 it! -e3i!t-atio o- $ea!e! to t-a !a$t b1!i e!! 0ith the Membe-! o- i4 the Re3i!t-a- i! !ati!4ied% a4te- maAi 3 !1$h i 91i-y a! he thi A! 4it% that the P-od1$eCompa y i! o /o 3e- $a--yi 3 o a y o4 it! ob;e$t! !pe$i4ied i !e$tio @8&B% he !ha// maAe a o-de!t-iAi 3 o44 the ame o4 the P-od1$e- Compa y% 0hi$h !ha// the-e1po $ea!e to e,i!t 4o-th0ith = P-o5ided that o !1$h o-de- $a $e//i 3 the -e3i!t-atio a! a4o-e!aid !ha// be pa!!ed 1 ti/ a oti$e to !ho0 $a1!e ha! bee 3i5e by the Re3i!t-a- to the P-od1$e- Compa y 0ith a $opy to a// it! di-e$to-! o the p-opo!ed a$tio a d -ea!o ab/e oppo-t1 ity to -ep-e!e t it! $a!e ha! bee 3i5e . ":# Whe-e the Re3i!t-a- ha! -ea!o ab/e $a1!e to be/ie5e that a P-od1$e- Compa y i! ot mai tai i 3 a y o4 the m1t1a/ a!!i!ta $e p-i $ip/e! !pe$i4ied% he !ha// !t-iAe it! ame o44 the -e3i!te- i a$$o-da $e 0ith the p-o5i!io ! $o tai ed i !e$tio @'( o4 thi! A$t. "3# A y Membe- o4 a P-od1$e- Compa y% 0ho i! a33-ie5ed by a o-demade 1 de- !1b+!e$tio "&#% may appea/ to
the & Compa y Ca0 Boa-d 0ithi !i,ty day! o4 the o-de-. "<# Whe-e a appea/ i! 4i/ed 1 de- !1b+!e$tio "3#% the o-de- !t-iAi 3 o44 the ame !ha// ot taAe e44e$t 1 ti/ the appea/ i! di!po!ed o4. &. To be -ead a! ENatio a/ Compa y Ca0 T-ib1 a/?. @8&NH. PROFISIONS OF T8IS PART TO OFERRI*E OT8ER CAWS The p-o5i!io ! o4 thi! Pa-t !ha// ha5e e44e$t ot0ith!ta di 3 a ythi 3 i $o !i!te t the-e0ith $o tai ed i thi! A$t oa y othe- /a0 4o- the time bei 3 i 4o-$e o- a y i !t-1me t ha5i 3 e44e$t by 5i-t1e o4 a y !1$h /a0 2 b1t the p-o5i!io ! o4 a y !1$h A$t o- /a0 o- i !t-1me t i !o4a- a! the !ame a-e ot 5a-ied by% o- a-e i $o !i!te t 0ith% the p-o5i!io ! o4 thi! Pa-t !ha// app/y to the P-od1$e- Compa y. @8&NR. APPCICATION OF PROFISIONS RECATIN7 TO PRIFATE COMPANIES A// the /imitatio !% -e!t-i$tio ! a d p-o5i!io ! o4 thi! A$t% othetha tho!e !pe$i4ied i thi! Pa-t% app/i$ab/e to a p-i5ate $ompa y% !ha//% a! 4a- a! may be% app/y to a P-od1$eCompa y% a! i4 it i! a p-i5ate /imited $ompa y 1 dethi! A$t
i !o4a- a! they a-e ot i $o 4/i$t 0ith the p-o5i!io ! o4 thi! Pa-t. C8APTER KII= RECONFERSION OF PRO*DCER COMPANG TO INTER+STATE CO+OPERATIFE SOCIETG @8&NS. RECONFERSION OF PRO*DCER COMPANG TO INTER+STATE CO+OPERATIFE SOCIETG "&# A y P-od1$e- Compa y% bei 3 a e-!t0hi/e i te-+ State $o+ope-ati5e !o$iety% 4o-med a d -e3i!te-ed 1 dethi! Pa-t% may maAe a app/i$atio + "a# a4te- pa!!i 3 a -e!o/1tio i the 3e e-a/ meeti 3 by ot /e!! tha t0o+thi-d o4 it! Membe-! p-e!e t a d 5oti 3 2 o"b# o -e91e!t by it! $-edito-! -ep-e!e ti 3 th-ee+4o1-th 5a/1e o4 it! tota/ $-edito-!% to the 8i3h Co1-t 4o- it! -e+$o 5e-!io to the i te-+ State $o+ope-ati5e !o$iety. ":# The 8i3h Co1-t !ha//% o the app/i$atio made 1 de- !1b+!e$tio "&#% di-e$t ho/di 3 meeti 3 o4 it! Membe-! o- !1$h $-edito-!% a! the $a!e may be% to be $o d1$ted i !1$h ma e- a! it may di-e$t. "3# I4 a ma;o-ity i 1mbe- -ep-e!e ti 3 th-ee+4o1-th! i 5a/1e o4 the $-edito-!% o- Membe-!% a! the $a!e may be%
p-e!e t a d 5oti 3 i pe-!o at the meeti 3 $o d1$ted i p1-!1a $e o4 the di-e$tio ! o4 the 8i3h Co1-t 1 de!1b+ !e$tio ":#% a3-ee 4o- -e+$o 5e-!io % i4 !a $tio ed by the 8i3h Co1-t% be bi di 3 o a// the Membe-! a d a// the $-edito-!% a! the $a!e may be% a d a/!o o the $ompa y 0hi$h i! bei 3 $o 5e-ted= P-o5ided that o o-de- !a $tio i 3 -e+$o 5e-!io !ha// be made by the Co1-t 1 /e!! the Co1-t i! !ati!4ied that the $ompa y o- a y othepe-!o by 0hom a app/i$atio ha! bee made 1 de- !1b+!e$tio "&# ha! di!$/o!ed to the Co1-t% by a44ida5it o- othe-0i!e% a// mate-ia/ 4a$t! -e/ati 3 to the $ompa y% !1$h a! the /ate!t 4i a $ia/ po!itio o4 the $ompa y% the /ate!t a1dito-?! -epo-t o the a$$o1 t! o4 the $ompa y% the pe de $y o4 a y i 5e!ti3atio p-o$eedi 3! i -e/atio to the $ompa y 1 de- !e$tio ! :3@ to :@&% a d the /iAe. "<# A o-demade by the Co1-t 1 de- !1b+!e$tio "3# !ha// ha5e o e44e$t 1 ti/ a $e-ti4ied $opy o4 the o-deha! bee 4i/ed 0ith the Re3i!t-a-. Pa3e :<3 o4 33: "@# A $opy o4 e5e-y !1$h o-de- !ha// be a e,ed to e5e-y $opy o4 the memo-a d1m o4 the $ompa y i!!1ed a4te- the
$e-ti4ied $opy o4 the o-deha! bee 4i/ed a! a4o-e!aid% o- i the $a!e o4 a $ompa y ot ha5i 3 a memo-a d1m% to e5e-y $opy !o i!!1ed o4 the i !t-1me t $o !tit1ti 3 ode4i i 3 the $o !tit1tio o4 the $ompa y. "'# I4 de4a1/t i! made i $omp/yi 3 0ith !1b+!e$tio "<#% the $ompa y% a d e5e-y o44i$e- o4 the $ompa y 0ho i! i de4a1/t% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to o e h1 d-ed -1pee!% 4o- ea$h $opy i -e!pe$t o4 0hi$h de4a1/t i! made. "># The Co1-t may% at a y time a4te- a app/i$atio ha! bee made to it 1 dethi! !e$tio % !tay the $omme $eme t o$o ti 1atio o4 a y !1it o- p-o$eedi 3 a3ai !t the $ompa y o !1$h te-m! a! the Co1-t thi A! 4it% 1 ti/ the app/i$atio i! 4i a//y di!po!ed o4. "8# E5e-y P-od1$e- Compa y 0hi$h ha! bee !a $tio ed -e$o 5e-!io by the 8i3h Co1-t% !ha// maAe a app/i$atio % 1 de- the M1/ti+State Co+ope-ati5e So$ietie! A$t% &98< "@& o4 &98<# o- a y othe- /a0 4o- the time bei 3 i 4o-$e 4o- it! -e3i!t-atio a! m1/ti+State $o+ope-ati5e !o$iety o- $o+ ope-ati5e !o$iety% a! the $a!e may be% 0ithi !i, mo th! o4 !a $tio by the 8i3h Co1-t a d 4i/e a -epo-t the-eo4 to the 8i3h Co1-t a d the Re3i!t-a- o4 $ompa ie! a d to the
Re3i!t-a- o4 the $o+ope-ati5e !o$ietie! 1 de- 0hi$h it ha! bee -e3i!te-ed a! a m1/ti+State $o+ope-ati5e !o$iety o- $o+ ope-ati5e !o$iety% a! the $a!e may be. @8&NT. POWER TO MO*IFG ACT IN ITS APPCICATION TO PRO*DCER COMPANIES "&# The Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% di-e$t that a y o4 the p-o5i!io ! o4 thi! A$t "othetha tho!e $o tai ed i thi! Pa-t# !pe$i4ied i the !aid oti4i$atio + "a# !ha// ot app/y to the P-od1$e- Compa ie! o- a y $/a!! o- $ate3o-y the-eo4 2 o"b# !ha// app/y to the P-od1$e- Compa ie! o- a y $/a!! o- $ate3o-y the-eo4 0ith !1$h e,$eptio oadaptatio a! may be !pe$i4ied i the oti4i$atio . ":# A $opy o4 e5e-y oti4i$atio p-opo!ed to be i!!1ed 1 de- !1b+!e$tio "&#% !ha// be /aid i d-a4t be4o-e ea$h 8o1!e o4 Pa-/iame t% 0hi/e it i! i !e!!io % 4o- a tota/ pe-iod o4 thi-ty day! 0hi$h may be $omp-i!ed i o e !e!!io oi t0o omo-e !1$$e!!i5e !e!!io !% a d i4% be4o-e the e,pi-y o4 the !e!!io immediate/y 4o//o0i 3 the !e!!io o- the !1$$e!!i5e !e!!io ! a4o-e!aid% both 8o1!e! a3-ee i di!app-o5i 3 the i!!1e o4 the oti4i$atio o- both 8o1!e! a3-ee i maAi 3
a y modi4i$atio i the oti4i$atio % the oti4i$atio !ha// ot be i!!1ed o-% a! the $a!e may be% !ha// be i!!1ed o /y i !1$h modi4ied 4o-m a! may be a3-eed 1po by both the 8o1!e!.)
PART K= WIN*IN7 COMPANIES
DP
OF
DNRE7ISTERE*
@8:. MEANIN7 OF .DNRE7ISTERE* COMPANG. Fo- the p1-po!e! o4 thi! Pa-t% the e,p-e!!io .1 -e3i!te-ed $ompa y. + "a# !ha// ot i $/1de + "i# a -ai/0ay $ompa y i $o-po-ated by a y A$t o4 Pa-/iame t o- othe- I dia /a0 o- a y A$t o4 Pa-/iame t o4 the D ited 6i 3dom 2 "ii# a $ompa y -e3i!te-ed 1 dethi! A$t 2 o"iii# a $ompa y -e3i!te-ed 1 de- a y p-e5io1! $ompa ie! /a0 a d ot bei 3 a $ompa y the -e3i!te-ed o44i$e 0he-eo4 0a! i B1-ma% Ade o- PaAi!ta immediate/y be4o-e the !epa-atio o4 that $o1 t-y 4-om I dia 2 a d "b# !a5e a! a4o-e!aid% !ha// i $/1de a y pa-t e-!hip% a!!o$iatio o- $ompa y $o !i!ti 3 o4 mo-e tha !e5e membe-!
at the time 0he the petitio 4o- 0i di 3 1p the pa-t e-!hip% a!!o$iatio o- $ompa y% a! the $a!e may be% i! p-e!e ted be4o-e the & [T-ib1 a/). &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# @83. WIN*IN7 DP OF DNRE7ISTERE* COMPANIES "&# S1b;e$t to the p-o5i!io ! o4 thi! Pa-t% a y 1 -e3i!te-ed $ompa y may be 0o1 d 1p 1 dethi! A$t% a d a// the p-o5i!io ! o4 thi! A$t 0ith -e!pe$t to 0i di 3 1p !ha// app/y to a 1 -e3i!te-ed $ompa y% 0ith the e,$eptio ! a d additio ! me tio ed i !1b+!e$tio ! & ["3#) to "@#. ":# : [B B B ) "3# No 1 -e3i!te-ed $ompa y !ha// be 0o1 d 1p 1 dethi! A$t 5o/1 ta-i/y 3 [by the T-ib1 a/). "<# The $i-$1m!ta $e! i 0hi$h a 1 -e3i!te-ed $ompa y may be 0o1 d 1p a-e a! 4o//o0! =
"a# i4 the $ompa y i! di!!o/5ed% o- ha! $ea!ed to $a--y o b1!i e!!% o- i! $a--yi 3 o b1!i e!! o /y 4o- the p1-po!e o4 0i di 3 1p it! a44ai-! 2 "b# i4 the $ompa y i! 1 ab/e to pay it! debt! 2 "$# i4 the < [T-ib1 a/) i! o4 opi io that it i! ;1!t a d e91itab/e that the $ompa y !ho1/d be 0o1 d 1p. "@# A 1 -e3i!te-ed $ompa y !ha//% 4o- the p1-po!e! o4 thi! A$t% be deemed to be 1 ab/e to pay it! debt! + "a# i4 a $-edito-% by a!!i3 me t o- othe-0i!e% to 0hom the $ompa y i! i debted i a !1m e,$eedi 3 4i5e h1 d-ed -1pee! the d1e% ha! !e-5ed o the $ompa y% by /ea5i 3 at it! p-i $ipa/ p/a$e o4 b1!i e!!% o- by de/i5e-i 3 to the !e$-eta-y% o- !ome di-e$to-% @ [BBB) ma a3e- o- p-i $ipa/ o44i$e- o4 the $ompa y% o- by othe-0i!e !e-5i 3 i !1$h ma ea! the 3 [T-ib1 a/) may app-o5e o- di-e$t% a dema d 1 de- hi! ha d -e91i-i 3 the $ompa y to pay the !1m !o d1e% a d the $ompa y ha!% 4o- th-ee 0eeA! a4te- the !e-5i$e o4 the dema d% e3/e$ted to pay the !1m o- to !e$1-e o$ompo1 d 4o- it to the !ati!4a$tio o4 the $-edito- 2 Pa3e :<< o4 33:
"b# i4 a y !1it o- othe- /e3a/ p-o$eedi 3 ha! bee i !tit1ted a3ai !t a y membe- 4o- a y debt o- dema d d1e% o$/aimed to be d1e% 4-om the $ompa y% o- 4-om him i hi! $ha-a$te- o4 membe-% a d oti$e i 0-iti 3 o4 the i !tit1tio o4 the !1it o- othe- /e3a/ p-o$eedi 3 ha5i 3 bee !e-5ed o the $ompa y by /ea5i 3 the !ame at it! p-i $ipa/ p/a$e o4 b1!i e!! o- by de/i5e-i 3 it to the !e$-eta-y% o- !ome di-e$to-% ' [BBB) ma a3e- o- p-i $ipa/ o44i$e- o4 the $ompa y o- by othe-0i!e !e-5i 3 the !ame i !1$h ma e- a! the > [T-ib1 a/) may app-o5e o- di-e$t% the $ompa y ha! ot% 0ithi te day! a4te- !e-5i$e o4 the oti$e% + "i# paid% !e$1-ed o- $ompo1 ded 4o- the debt odema d 2 o"ii# p-o$1-ed the !1it o- othe- /e3a/ p-o$eedi 3 to be !tayed 2 o"iii# i dem i4ied the de4e da t to hi! !ati!4a$tio a3ai !t the !1it o- othe- /e3a/ p-o$eedi 3% a d a3ai !t a// $o!t!% dama3e! a d e,pe !e! to be i $1--ed by him by -ea!o o4 the !ame 2 "$# i4 e,e$1tio o- othe- p-o$e!! i!!1ed o a de$-ee oo-de- o4 a y $o1-t 8 [o- T-ib1 a/) i 4a5o1- o4 a $-edito- a3ai !t
the $ompa y% o- a y membe- the-eo4 a! !1$h% o- a y pe-!o a1tho-i!ed to be !1ed a! omi a/ de4e da t o beha/4 o4 the $ompa y% i! -et1- ed 1 !ati!4ied i 0ho/e o- i pa-t 2 "d# i4 it i! othe-0i!e p-o5ed to the !ati!4a$tio o4 the > [T-ib1 a/) that the $ompa y i! 1 ab/e to pay it! debt!. &. S1b!tit1ted 4o- .":#. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# :. Omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# P-io- to it! omi!!io % !1b+!e$tio ":# -ead a! 1 de- = .":# Fo- the p1-po!e o4 dete-mi i 3 the Co1-t ha5i 3 ;1-i!di$tio i the matte- o4 the 0i di 3 1p% a 1 -e3i!te-ed $ompa y !ha// be deemed to be -e3i!te-ed i the State 0he-e it! p-i $ipa/ p/a$e o4 b1!i e!! i! !it1ate o-% i4 it ha! a p-i $ipa/ p/a$e o4 b1!i e!! !it1ate i mo-e tha o e State% the % i ea$h State 0he-e it ha! a p-i $ipa/ p/a$e o4 b1!i e!! 2 a d the p-i $ipa/ p/a$e o4 b1!i e!! !it1ate i that State i 0hi$h p-o$eedi 3! a-e bei 3 i !tit1ted !ha//% 4o- a// the p1-po!e! o4 the 0i di 3 1p% be deemed to be the -e3i!te-ed o44i$e o4 the $ompa y.. 3. S1b!tit1ted 4o- .o- !1b;e$t to the !1pe-5i!io o4 the $o1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#
<. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# @. Wo-d! .ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!%. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. '. Wo-d! .ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!%. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. >. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# 8. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# @8<. POWER TO WIN* DP FOREI7N COMPANIES% ACT8OD78 *ISSOCFE* Whe-e a body $o-po-ate i $o-po-ated o1t!ide I dia 0hi$h ha! bee $a--yi 3 o b1!i e!! i I dia% $ea!e! to $a--y o b1!i e!! i I dia% it may be 0o1 d 1p a! a 1 -e3i!te-ed $ompa y 1 dethi! Pa-t% ot0ith!ta di 3 that the body $o-po-ate ha! bee di!!o/5ed o- othe-0i!e $ea!ed to e,i!t a! !1$h 1 de- o- by 5i-t1e o4 the /a0! o4 the $o1 t-y 1 de0hi$h it 0a! i $o-po-ated. @8@. CONTRIBDTORIES IN DNRE7ISTERE* COMPANG WIN*IN7 DP OF
"&# I the e5e t o4 a 1 -e3i!te-ed $ompa y bei 3 0o1 d 1p% e5e-y pe-!o !ha// be deemed to be a $o t-ib1to-y% 0ho i! /iab/e to pay% o- $o t-ib1te to the payme t o4% + "a# a y debt o- /iabi/ity o4 the $ompa y 2 o"b# a y !1m 4o- the ad;1!tme t o4 the -i3ht! o4 the membe-! amo 3 them!e/5e! 2 o"$# the $o!t!% $ha-3e! a d e,pe !e! o4 0i di 3 1p the $ompa y. ":# E5e-y $o t-ib1to-y !ha// be /iab/e to $o t-ib1te to the a!!et! o4 the $ompa y a// !1m! d1e 4-om him i -e!pe$t o4 a y /iabi/ity to pay o- $o t-ib1te a! a4o-e!aid. "3# I the e5e t o4 the death o- i !o/5e $y o4 a y $o t-ib1to-y% the p-o5i!io ! o4 thi! A$t 0ith -e!pe$t to the /e3a/ -ep-e!e tati5e! o4 de$ea!ed $o t-ib1to-ie!% o- 0ith -e!pe$t to the a!!i3 ee! o4 i !o/5e t $o t-ib1to-ie!% a! the $a!e may be% !ha// app/y. @8'. POWER TO STAG OR RESTRAIN PROCEE*IN7S The p-o5i!io ! o4 thi! A$t 0ith -e!pe$t to !tayi 3 a d -e!t-ai i 3 !1it! a d /e3a/ p-o$eedi 3! a3ai !t a $ompa y at a y time a4te- the p-e!e tatio o4 a petitio 4o- 0i di 3 1p a d be4o-e the maAi 3 o4 a 0i di 3 1p o-de-% !ha//% i the $a!e
o4 a 1 -e3i!te-ed $ompa y% 0he-e the app/i$atio to !tay o- -e!t-ai i! by a $-edito-% e,te d to !1it! a d /e3a/ p-o$eedi 3! a3ai !t a y $o t-ib1to-y o4 the $ompa y. @8>. SDITS% ETC.% STAGE* ON WIN*IN7 DP OR*ER Whe-e a o-deha! bee made 4o- 0i di 3 1p a 1 -e3i!te-ed $ompa y% o !1it o- othe- /e3a/ p-o$eedi 3 !ha// be p-o$eeded 0ith o- $omme $ed a3ai !t a y $o t-ib1to-y o4 the $ompa y i -e!pe$t o4 a y debt o4 the $ompa y% e,$ept by /ea5e o4 the & [T-ib1 a/) a d e,$ept o !1$h te-m! a! the & [T-ib1 a/) may impo!e. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((:"0.e.4. a date yet to be oti4ied# @88. *IRECTIONS AS TO PROPERTG IN CERTAIN CASES Pa3e :<@ o4 33: "&# I4 a 1 -e3i!te-ed $ompa y ha! o po0e- to !1e a d be !1ed i a $ommo ame% o- i4 4o- a y -ea!o it appea-! e,pedie t% the & [T-ib1 a/) may% by the 0i di 3 1p o-de- o- by a y !1b!e91e t o-de-% di-e$t that a// o- a y pa-t o4 the
p-ope-ty% mo5ab/e o- immo5ab/e "i $/1di 3 a$tio ab/e $/aim!#% be/o 3i 3 to the $ompa y o- he/d by t-1!tee! o it! beha/4% !ha// 5e!t i the O44i$ia/ Ci91idato- by hi! o44i$ia/ ame 2 a d the-e1po the p-ope-ty o- the pa-t the-eo4 !pe$i4ied i the o-de- !ha// 5e!t a$$o-di 3/y. ":# The O44i$ia/ Ci91idato- may% a4te- 3i5i 3 !1$h i dem ity% i4 a y% a! the & [T-ib1 a/) may di-e$t% b-i 3 o- de4e d i hi! o44i$ia/ ame a y !1it o- /e3a/ p-o$eedi 3 -e/ati 3 to that p-ope-ty% o- 0hi$h it i! e$e!!a-y to b-i 3 ode4e d 4o- the p1-po!e o4 e44e$t1a//y 0i di 3 1p the $ompa y a d -e$o5e-i 3 it! p-ope-ty. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# @89. PROFISIONS OF PART CDMDCATIFE "&# The p-o5i!io ! o4 thi! Pa-t 0ith -e!pe$t to 1 -e3i!te-ed $ompa ie! !ha// be i additio to a d ot i de-o3atio o4% a y p-o5i!io ! he-ei be4o-e i thi! A$t $o tai ed 0ith -e!pe$t to the 0i di 3 1p o4 $ompa ie! by the & [T-ib1 a/). ":# The &
[T-ib1 a/) o- O44i$ia/ Ci91idato- may e,e-$i!e a y po0e-! o- do a y a$t i the $a!e o4 1 -e3i!te-ed $ompa ie! 0hi$h mi3ht be e,e-$i!ed o- do e by the & [T-ib1 a/) o- O44i$ia/ Ci91idato- i 0i di 3 1p $ompa ie! 4o-med a d -e3i!te-ed 1 dethi! A$t = P-o5ided that a 1 -e3i!te-ed $ompa y !ha// ot% e,$ept i the e5e t o4 it! bei 3 0o1 d 1p% be deemed to be a $ompa y 1 dethi! A$t% a d the o /y to the e,te t p-o5ided by thi! Pa-t. &. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# @9(. SAFIN7 AN* CONSTRDCTION OF ENACTMENTS CONFERRIN7 POWER TO WIN* DP PARTNERS8IP% ASSOCIATION OR COMPANG IN CERTAIN CASES Nothi 3 i thi! Pa-t !ha// a44e$t the ope-atio o4 a y e a$tme t 0hi$h p-o5ide! 4o- a y pa-t e-!hip% a!!o$iatio o$ompa y bei 3 0o1 d 1p% o- bei 3 0o1 d 1p a! a $ompa y o- a! a 1 -e3i!te-ed $ompa y% 1 de- the I dia Compa ie! A$t% &9&3 "> o4 &9&3# o- a y A$t -epea/ed by that A$t =
P-o5ided that -e4e-e $e! i a y !1$h e a$tme t to a y p-o5i!io $o tai ed i the I dia Compa ie! A$t% &9&3 "> o4 &9&3# o- i a y A$t -epea/ed by that A$t !ha// be -ead a! -e4e-e $e! to the $o--e!po di 3 p-o5i!io % i4 a y $o tai ed i thi! A$t.
PART KI= COMPANIES INCORPORATE* ODTSI*E IN*IA P-o5i!io ! a! to e!tab/i!hme t o4 p/a$e! o4 b1!i e!! i I dia @9&. APPCICATION OF SECTIONS @9: TO '(: TO FOREI7N COMPANIES "&# Se$tio ! @9: to '(:% both i $/1!i5e% !ha// app/y to a// 4o-ei3 $ompa ie!% that i! to !ay% $ompa ie! 4a//i 3 1 de- the 4o//o0i 3 t0o $/a!!e!% ame/y = + "a# $ompa ie! i $o-po-ated o1t!ide I dia 0hi$h% a4tethe $omme $eme t o4 thi! A$t% e!tab/i!h a p/a$e o4 b1!i e!! 0ithi I dia 2 a d "b# $ompa ie! i $o-po-ated o1t!ide I dia 0hi$h ha5e% be4o-e the $omme $eme t o4 thi! A$t% e!tab/i!hed a p/a$e o4
b1!i e!! 0ithi I dia a d $o ti 1e to ha5e a e!tab/i!hed p/a$e o4 b1!i e!! 0ithi I dia at the $omme $eme t o4 thi! A$t. ":# Not0ith!ta di 3 a ythi 3 $o tai ed i !1b+!e$tio "&#% 0he-e ot /e!! tha 4i4ty pe- $e t% o4 the paid+1p !ha-e $apita/ "0hethe- e91ity o- p-e4e-e $e o- pa-t/y e91ity a d pa-t/y p-e4e-e $e# o4 a $ompa y i $o-po-ated o1t!ide I dia a d ha5i 3 a e!tab/i!hed p/a$e o4 b1!i e!! i I dia% i! he/d by o e o- mo-e $itiJe ! o4 I dia o- by o e omo-e bodie! $o-po-ate i $o-po-ated i I dia% o- by o e o- mo-e $itiJe ! o4 I dia a d o e o- mo-e bodie! $o-po-ate i $o-po-ated i I dia% 0hethe- !i 3/y o- i the a33-e3ate% !1$h $ompa y !ha// $omp/y 0ith !1$h o4 the p-o5i!io ! o4 thi! A$t a! may be p-e!$-ibed 0ith -e3a-d to the b1!i e!! $a--ied o by it i I dia% a! i4 it 0e-e a $ompa y i $o-po-ated i I dia. @9:. *OCDMENTS% ETC.% TO BE *ECIFERE* TO RE7ISTRAR BG FOREI7N COMPANIES CARRGIN7 ON BDSINESS IN IN*IA "&# Fo-ei3 $ompa ie! 0hi$h% a4tethe $omme $eme t o4 thi! A$t% e!tab/i!h a p/a$e o4 b1!i e!! 0ithi I dia !ha//% 0ithi thi-ty day! o4 the e!tab/i!hme t o4 the p/a$e o4 b1!i e!!% de/i5e- to the Re3i!t-a- 4o- -e3i!t-atio +
"a# a $e-ti4ied $opy o4 the $ha-te-% !tat1te!% omemo-a d1m a d a-ti$/e!% o4 the $ompa y o- othei !t-1me t $o !tit1ti 3 o- de4i i 3 the $o !tit1tio o4 the $ompa y 2 a d% i4 the i !t-1me t i! ot i the E 3/i!h /a 31a3e% a $e-ti4ied t-a !/atio the-eo42 "b# the 41// add-e!! o4 the -e3i!te-ed o- p-i $ipa/ o44i$e o4 the $ompa y 2 "$# a /i!t o4 the di-e$to-! a d !e$-eta-y o4 the $ompa y% $o tai i 3 the pa-ti$1/a-! me tio ed i !1b+!e$tio ":# 2 "d# the ame a d add-e!! o- the ame! a d add-e!!e! o4 !ome o e o- mo-e pe-!o ! -e!ide t i I dia% a1tho-i!ed to a$$ept o beha/4 o4 the $ompa y !e-5i$e o4 p-o$e!! a d a y oti$e! o- othedo$1me t! -e91i-ed to be !e-5ed o the $ompa y 2 a d "e# the 41// add-e!! o4 the o44i$e o4 the $ompa y i I dia 0hi$h i! to be deemed it! p-i $ipa/ p/a$e o4 b1!i e!! i I dia. ":# The /i!t -e4e--ed to i $/a1!e "$# o4 !1b+!e$tio "&# !ha// $o tai the 4o//o0i 3 pa-ti$1/a-!% that i! to !ay = Pa3e :<' o4 33: "a# 0ith -e!pe$t to ea$h di-e$to-% + "i# i the $a!e o4 a i di5id1a/% hi! p-e!e t ame a d !1- ame i 41//% a y 4o-me- ame o- ame! a d !1- ame o-
!1- ame! i 41//% hi! 1!1a/ -e!ide tia/ add-e!!% hi! atio a/ity% a d i4 that atio a/ity i! ot the atio a/ity o4 o-i3i % hi! atio a/ity o4 o-i3i % a d hi! b1!i e!! o$$1patio % i4 a y% o- i4 he ha! o b1!i e!! o$$1patio b1t ho/d! a y othedi-e$to-!hip o- di-e$to-!hip!% pa-ti$1/a-! o4 that di-e$to-!hip o- o4 !ome o e o4 tho!e di-e$to-!hip! 2 a d "ii# i the $a!e o4 a body $o-po-ate% it! $o-po-ate ame a d -e3i!te-ed o- p-i $ipa/ o44i$e 2 a d the 41// ame% add-e!!% atio a/ity% a d atio a/ity o4 o-i3i % i4 di44e-e t 4-om that atio a/ity% o4 ea$h o4 it! di-e$to-! 2 "b# 0ith -e!pe$t to the !e$-eta-y% o- 0he-e the-e a-e ;oi t !e$-eta-ie!% 0ith -e!pe$t to ea$h o4 them + "i# i the $a!e o4 a i di5id1a/% hi! p-e!e t ame a d !1- ame% a y 4o-me- ame o- ame! a d !1- ame o!1- ame!% a d hi! 1!1a/ -e!ide tia/ add-e!! 2 a d "ii# i the $a!e o4 a body $o-po-ate% it! $o-po-ate ame a d -e3i!te-ed o- p-i $ipa/ o44i$e = P-o5ided that% 0he-e a// the pa-t e-! i a 4i-m a-e ;oi t !e$-eta-ie! o4 the $ompa y% the ame a d p-i $ipa/ o44i$e o4 the 4i-m may be !tated i !tead o4 the pa-ti$1/a-! me tio ed i $/a1!e "b# o4 thi! !1b+!e$tio . "3# C/a1!e! ":# a d "3# o4 the E,p/a atio to !1b+ !e$tio "&# o4 !e$tio 3(3 !ha// app/y 4o- the p1-po!e o4 the
$o !t-1$tio o4 -e4e-e $e! i !1b+ !e$tio ":# to p-e!e t a d 4o-me- ame! a d !1- ame! a! they app/y 4o- the p1-po!e! o4 the $o !t-1$tio o4 !1$h -e4e-e $e! i !1b+!e$tio "&# o4 !e$tio 3(3. "<# Fo-ei3 $ompa ie!% othetha tho!e me tio ed i !1b+!e$tio "&#% !ha//% i4 they ha5e ot de/i5e-ed to the Re3i!t-abe4o-e the $omme $eme t o4 thi! A$t the do$1me t! a d pa-ti$1/a-! !pe$i4ied i !1b+!e$tio "&# o4 !e$tio :>> o4 the I dia Compa ie! A$t% &9&3 "> o4 &9&3#% $o ti 1e to be !1b;e$t to the ob/i3atio to de/i5e- tho!e do$1me t! a d pa-ti$1/a-! i a$$o-da $e 0ith that A$t. @93. RETDRN TO BE *ECIFERE* TO RE7ISTRAR BG FOREI7N COMPANG W8ERE *OCDMENTS% ETC.% ACTERE* I4 a y a/te-atio i! made o- o$$1-! i + "a# the $ha-te-% !tat1te!% o- memo-a d1m a d a-ti$/e! o4 a 4o-ei3 $ompa y o- othe- i !t-1me t $o !tit1ti 3 o- de4i i 3 the $o !tit1tio o4 a 4o-ei3 $ompa y 2 o"b# the -e3i!te-ed o- p-i $ipa/ o44i$e o4 a 4o-ei3 $ompa y 2 o"$# the di-e$to-! o- !e$-eta-y o4 a 4o-ei3 $ompa y 2 o"d# the ame o- add-e!! o4 a y o4 the pe-!o ! a1tho-i!ed to a$$ept !e-5i$e o beha/4 o4 a 4o-ei3 $ompa y 2 o-
"e# the p-i $ipa/ p/a$e o4 b1!i e!! o4 the $ompa y i I dia 2 the $ompa y !ha//% 0ithi the p-e!$-ibed time% de/i5eto the Re3i!t-a- 4o- -e3i!t-atio a -et1- $o tai i 3 the p-e!$-ibed pa-ti$1/a-! o4 the a/te-atio . @9<. ACCODNTS OF FOREI7N COMPANG "&# E5e-y 4o-ei3 $ompa y !ha//% i e5e-y $a/e dayea-% + "a# maAe o1t a ba/a $e !heet a d p-o4it a d /o!! a$$o1 t i !1$h 4o-m% $o tai i 3 !1$h pa-ti$1/a-! a d i $/1di 3 oha5i 3 a e,ed o- atta$hed the-eto !1$h do$1me t! "i $/1di 3% i pa-ti$1/a- do$1me t! -e/ati 3 to e5e-y !1b!idia-y o4 the 4o-ei3 $ompa y# a! 1 de- the p-o5i!io ! o4 thi! A$t it 0o1/d% i4 it had bee a $ompa y 0ithi the mea i 3 o4 thi! A$t% ha5e bee -e91i-ed to maAe o1t a d /ay be4o-e the $ompa y i 3e e-a/ meeti 3 2 a d "b# de/i5e& [a $opy) o4 tho!e do$1me t! to the Re3i!t-a- = P-o5ided that the Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% di-e$t that% i the $a!e o4 a y 4o-ei3 $ompa y o- $/a!! o4 4o-ei3 $ompa y the -e91i-eme t! o4 $/a1!e "a# !ha// ot app/y% o- !ha// app/y% !1b;e$t to !1$h e,$eptio ! a d modi4i$atio ! a! may be !pe$i4ied i the oti4i$atio .
":# I4 a y !1$h do$1me t a! i! me tio ed i !1b+ !e$tio "&# i! ot i the E 3/i!h /a 31a3e% the-e !ha// be a e,ed to it a $e-ti4ied t-a !/atio the-eo4. "3# E5e-y 4o-ei3 $ompa y !ha// !e d to the Re3i!t-a0ith the do$1me t! -e91i-ed to be de/i5e-ed to him 1 de- !1b+ !e$tio "&#% & [a $opy) o4 a /i!t i the p-e!$-ibed 4o-m o4 a// p/a$e! o4 b1!i e!! e!tab/i!hed @9@. OBCI7ATION TO STATE NAME OF FOREI7N COMPANG% W8ET8ER CIMITE*% AN* CODNTRG W8ERE INCORPORATE* E5e-y 4o-ei3 $ompa y !ha// + "a# i e5e-y p-o!pe$t1! i 5iti 3 !1b!$-iptio ! i I dia 4o- it! !ha-e! o- debe t1-e!% !tate the $o1 t-y i 0hi$h the $ompa y i! i $o-po-ated 2 "b# $o !pi$1o1!/y e,hibit o the o1t!ide o4 e5e-y o44i$e o- p/a$e 0he-e it $a--ie! o b1!i e!! i I dia% the ame o4 the $ompa y a d the $o1 t-y i 0hi$h it i! i $o-po-ated% i /ette-! ea!i/y /e3ib/e i E 3/i!h $ha-a$te-!% a d a/!o i the $ha-a$te-! o4 the /a 31a3e o- o e o4 the /a 31a3e! i 3e e-a/ 1!e i the /o$a/ity i 0hi$h the o44i$e o- p/a$e i! !it1ate 2
"$# $a1!e the ame o4 the $ompa y a d o4 the $o1 t-y i 0hi$h the $ompa y i! i $o-po-ated% to be !tated i /e3ib/e E 3/i!h $ha-a$te-! i a// b1!i e!! /ette-!% bi//+head! a d /ette- pape-% a d i a// oti$e!% a d othe- o44i$ia/ p1b/i$atio ! o4 the $ompa y 2 a d "d# i4 the /iabi/ity o4 the membe-! o4 the $ompa y i! /imited% $a1!e oti$e o4 that 4a$t + "i# to be !tated i e5e-y !1$h p-o!pe$t1! a! a4o-e!aid a d i a// b1!i e!! /ette-!% bi//+head!% /ette- pape-% oti$e!% ad5e-ti!eme t! a d othe- o44i$ia/ p1b/i$atio ! o4 the $ompa y% i /e3ib/e E 3/i!h $ha-a$te-! 2 a d "ii# to be $o !pi$1o1!/y e,hibited o the o1t!ide o4 e5e-y o44i$e o- p/a$e 0he-e it $a--ie! o b1!i e!! i I dia% i /e3ib/e E 3/i!h $ha-a$te-! a d a/!o i /e3ib/e $ha-a$te-! o4 the /a 31a3e o- o e o4 the /a 31a3e! i 3e e-a/ 1!e i the /o$a/ity i 0hi$h the o44i$e o- p/a$e i! !it1ate. Pa3e :<> o4 33: @9'. SERFICE ON FOREI7N COMPANG A y p-o$e!!% oti$e% o- othedo$1me t -e91i-ed to be !e-5ed o a 4o-ei3 $ompa y !ha// be deemed to be !144i$ie t/y !e-5ed% i4 add-e!!ed to a y pe-!o 0ho!e ame ha! bee de/i5e-ed to the Re3i!t-a- 1 de- the 4o-e3oi 3 p-o5i!io ! o4 thi! Pa-t a d /e4t at% o- !e t by po!t to% the add-e!! 0hi$h ha! bee !o de/i5e-ed =
P-o5ided that + "a# 0he-e a y !1$h $ompa y maAe! de4a1/t i de/i5e-i 3 to the Re3i!t-a- the ame a d add-e!! o4 a pe-!o -e!ide t i I dia 0ho i! a1tho-i!ed to a$$ept o beha/4 o4 the $ompa y !e-5i$e o4 p-o$e!!% oti$e! o- othedo$1me t! 2 o"b# i4 at a y time a// the pe-!o ! 0ho!e ame! a d add-e!!e! ha5e bee !o de/i5e-ed a-e dead o- ha5e $ea!ed !o to -e!ide% o- -e41!e to a$$ept !e-5i$e o beha/4 o4 the $ompa y% o- 4o- a y -ea!o % $a ot be !e-5ed 2 a do$1me t may be !e-5ed o the $ompa y by /ea5i 3 it at% o- !e di 3 it by po!t to% a y p/a$e o4 b1!i e!! e!tab/i!hed by the $ompa y i I dia. @9>. OFFICE W8ERE *OCDMENTS TO BE *ECIFERE* "&# A y do$1me t 0hi$h a y 4o-ei3 $ompa y i! -e91i-ed to de/i5e- to the Re3i!t-a- !ha// be de/i5e-ed to the Re3i!t-aha5i 3 ;1-i!di$tio o5e- Ne0 *e/hi% a d -e4e-e $e! to the Re3i!t-a- i thi! Pa-t [e,$ept i !1b+!e$tio ":#) !ha// be $o !t-1ed a$$o-di 3/y. ":# A y !1$h do$1me t a! i! -e4e--ed to i !1b+!e$tio "&# !ha// a/!o be de/i5e-ed to the Re3i!t-a- o4 the State i 0hi$h the p-i $ipa/ p/a$e o4 b1!i e!! o4 the $ompa y i! !it1ate.
"3# I4 a y 4o-ei3 $ompa y $ea!e! to ha5e a p/a$e o4 b1!i e!! i I dia% it !ha// 4o-th0ith 3i5e oti$e o4 the 4a$t to the Re3i!t-a-% a d a! 4-om the date o 0hi$h oti$e i! !o 3i5e % the ob/i3atio o4 the $ompa y to de/i5e- a y do$1me t to the Re3i!t-a- !ha// $ea!e% p-o5ided it ha! o othep/a$e o4 b1!i e!! i I dia. @98. PENACTIES I4 a y 4o-ei3 $ompa y 4ai/! to $omp/y 0ith a y o4 the 4o-e3oi 3 p-o5i!io ! o4 thi! Pa-t% the $ompa y% a d e5e-y o44i$eo- a3e t o4 the $ompa y 0ho i! i de4a1/t% !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [te ) tho1!a d -1pee!% a d i the $a!e o4 a $o ti 1i 3 o44e $e% 0ith a additio a/ 4i e 0hi$h may e,te d to : [o e tho1!a d) -1pee! 4o- e5e-y day d1-i 3 0hi$h the de4a1/t $o ti 1e!. &. S1b!tit1ted 4o- .o e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. :. S1b!tit1ted 4o- .o e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((.
@99. COMPANG?S FAICDRE TO COMPCG WIT8 PART NOT TO AFFECT ITS CIABICITG DN*ER CONTRACTS% ETC A y 4ai/1-e by a 4o-ei3 $ompa y to $omp/y 0ith a y o4 the 4o-e3oi 3 p-o5i!io ! o4 thi! Pa-t !ha// ot a44e$t the 5a/idity o4 a y $o t-a$t% dea/i 3 o- t-a !a$tio e te-ed i to by the $ompa y o- it! /iabi/ity to be !1ed i -e!pe$t the-eo4 2 b1t the $ompa y !ha// ot be e tit/ed to b-i 3 a y !1it% $/aim a y !et+o44% maAe a y $o1 te-+$/aim o- i !tit1te a y /e3a/ p-o$eedi 3 i -e!pe$t o4 a y !1$h $o t-a$t% dea/i 3 ot-a !a$tio % 1 ti/ it ha! $omp/ied 0ith the p-o5i!io ! o4 thi! Pa-t. '((. RE7ISTRATION OF C8AR7ES% APPOINTMENT OF RECEIFER AN* BOO6S OF ACCODNT "&# The p-o5i!io ! o4 Pa-t F "!e$tio ! &:< to &<@# !ha// app/y m1tati! m1ta di! to + "a# $ha-3e! o p-ope-tie! i I dia 0hi$h a-e $-eated by a 4o-ei3 $ompa y a4te- the &@th day o4 Ia 1a-y% &93> 2a d "b# $ha-3e! o p-ope-ty i I dia 0hi$h i! a$91i-ed by a y 4o-ei3 $ompa y a4te- the day a4o-e!aid = P-o5ided that 0he-e a $ha-3e i! $-eated% o- the $omp/etio o4 the a$91i!itio o4 the p-ope-ty taAe! p/a$e% o1t!ide
I dia% !1b+!e$tio "@# o4 !e$tio &:@ a d the p-o5i!o to !1b+!e$tio "&# o4 !e$tio &:> !ha// ha5e e44e$t a! i4 the p-ope-ty% 0he-e5e- !it1ated% 0e-e !it1ated o1t!ide I dia. ":# The p-o5i!io ! o4 !e$tio &&8 !ha// app/y m1tati! m1ta di! to a 4o-ei3 $ompa y. "3# "a# The p-o5i!io ! o4 !e$tio :(9 !ha// app/y to a 4o-ei3 $ompa y to the e,te t o4 -e91i-i 3 it to Aeep at it! p-i $ipa/ p/a$e o4 b1!i e!! i I dia the booA! o4 a$$o1 t -e4e--ed to i that !e$tio % 0ith -e!pe$t to mo ey! -e$ei5ed a d e,pe ded% !a/e! a d p1-$ha!e! made% a d a!!et! a d /iabi/itie!% i the $o1-!e o4 o- i -e/atio to it! b1!i e!! i I dia. "b# O a d 4-om the $omme $eme t o4 the Compa ie! "Ame dme t# A$t% &9><% + "i# the p-o5i!io ! o4 !e$tio &@9 !ha//% !1b;e$t to !1$h modi4i$atio ! o- adaptatio ! a! may be made the-ei by the -1/e! made 1 dethi! A$t% app/y to a 4o-ei3 $ompa y ha5i 3 a e!tab/i!hed p/a$e o4 b1!i e!! i I dia% a! they app/y to a $ompa y i $o-po-ated i I dia 2 "ii# the p-o5i!io ! o4 !e$tio ! :(9% :(9A% :33A a d :33B a d !e$tio ! :3< to :<' "both i $/1!i5e# !ha//% !o 4a- a! may
be% app/y o /y to the I dia b1!i e!! o4 a 4o-ei3 $ompa y ha5i 3 a e!tab/i!hed p/a$e o4 b1!i e!! i I dia% a! they app/y to a $ompa y i $o-po-ated i I dia. "<# I app/yi 3 the !e$tio ! -e4e--ed to i !1b+!e$tio ! "&#% ":# a d "3# to a 4o-ei3 $ompa y a! a4o-e!aid% -e4e-e $e! i tho!e !e$tio ! to the Re3i!t-a- !ha// be deemed to be -e4e-e $e! to the Re3i!t-a- ha5i 3 ;1-i!di$tio o5eNe0 *e/hi% a d -e4e-e $e! to the -e3i!te-ed o44i$e o4 the 4o-ei3 $ompa y !ha// be deemed to be -e4e-e $e! to it! p-i $ipa/ p/a$e o4 b1!i e!! i I dia. '(&. FEES FOR RE7ISTRATION OF *OCDMENTS DN*ER PART The-e !ha// be paid to the Re3i!t-a- 4o- -e3i!te-i 3 a y do$1me t -e91i-ed by the 4o-e3oi 3 p-o5i!io ! o4 thi! Pa-t to be -e3i!te-ed by him% !1$h 4ee! a! may be p-e!$-ibed. Pa3e :<8 o4 33: '(:. INTERPRETATION OF FORE7OIN7 SECTIONS OF PART Fo- the p1-po!e! o4 the 4o-e3oi 3 p-o5i!io ! o4 thi! Pa-t + "a# the e,p-e!!io .$e-ti4ied. mea ! $e-ti4ied i the p-e!$-ibed ma e- to be a t-1e $opy o- a $o--e$t t-a !/atio 2
"b# the e,p-e!!io .di-e$to-.% i -e/atio to a $ompa y% i $/1de! a y pe-!o i a$$o-da $e 0ith 0ho!e di-e$tio ! oi !t-1$tio ! the Boa-d o4 di-e$to-! o4 the $ompa y i! a$$1!tomed to a$t 2 "$# the e,p-e!!io .p/a$e o4 b1!i e!!. i $/1de! a !ha-e t-a !4e- o- !ha-e -e3i!t-atio o44i$e 2 "d# the e,p-e!!io .p-o!pe$t1!. ha! the !ame mea i 3 a! 0he 1!ed i -e/atio to a $ompa y i $o-po-ated 1 dethi! A$t 2 a d "e# the e,p-e!!io .!e$-eta-y. i $/1de! a y pe-!o o$$1pyi 3 the po!itio o4 !e$-eta-y% by 0hate5e- ame $a//ed. P-o!pe$t1!e! '(3. *ATIN7 OF PROSPECTDS AN* PARTICDCARS TO BE CONTAINE* T8EREIN "&# No pe-!o !ha// i!!1e% $i-$1/ate o- di!t-ib1te i I dia a y p-o!pe$t1! o44e-i 3 4o- !1b!$-iptio !ha-e! i odebe t1-e! o4 a $ompa y i $o-po-ated o- to be i $o-po-ated o1t!ide I dia% 0hethe- the $ompa y ha! o- ha! ot e!tab/i!hed% o- 0he 4o-med 0i// o- 0i// ot e!tab/i!h% a p/a$e o4 b1!i e!! i I dia% 1 /e!! the p-o!pe$t1! i! dated 2 a d "a# $o tai ! pa-ti$1/a-! 0ith -e!pe$t to the 4o//o0i 3 matte-! = +
"i# the i !t-1me t $o !tit1ti 3 o- de4i i 3 the $o !tit1tio o4 the $ompa y 2 "ii# the e a$tme t! o- p-o5i!io ! ha5i 3 the 4o-$e o4 e a$tme t!% by o- 1 de- 0hi$h the i $o-po-atio o4 the $ompa y 0a! e44e$ted 2 "iii# a add-e!! i I dia 0he-e the !aid i !t-1me t% e a$tme t!% o- p-o5i!io % o- $opie! the-eo4% a d i4 the !ame a-e ot i E 3/i!h% a t-a !/atio the-eo4 $e-ti4ied i the p-e!$-ibed ma e-% $a be i !pe$ted 2 "i5# the date o 0hi$h a d the $o1 t-y i 0hi$h the $ompa y 0a! i $o-po-ated 2 "5# 0hethe- the $ompa y ha! e!tab/i!hed a p/a$e o4 b1!i e!! i I dia% a d% i4 !o% the add-e!! o4 it! p-i $ipa/ o44i$e i I dia 2 a d "b# !1b;e$t to the p-o5i!io ! o4 thi! !e$tio % !tate! the matte-! !pe$i4ied i Pa-t I o4 S$hed1/e II a d !et! o1t the -epo-t! !pe$i4ied i Pa-t II o4 that S$hed1/e% !1b;e$t a/0ay! to the p-o5i!io ! $o tai ed i Pa-t III o4 that S$hed1/e = P-o5ided that !1b+$/a1!e! "i#% "ii# a d "iii# o4 $/a1!e "a# !ha// ot app/y i the $a!e o4 a p-o!pe$t1! i!!1ed mo-e tha t0o yea-! a4te- the date at 0hi$h the $ompa y i! e tit/ed to $omme $e b1!i e!! 2 a d i the app/i$atio o4 Pa-t I o4 S$hed1/e II 4o- the p1-po!e! o4 thi! !1b+!e$tio % $/a1!e "a# the-eo4 !ha// ha5e e44e$t 0ith the !1b!tit1tio % 4o-
-e4e-e $e! to the a-ti$/e!% o4 -e4e-e $e! to the $o !tit1tio o4 a $ompa y. ":# A y $o ditio -e91i-i 3 o- bi di 3 a app/i$a t 4o!ha-e! o- debe t1-e! to 0ai5e $omp/ia $e 0ith a y -e91i-eme t impo!ed by 5i-t1e o4 $/a1!e "a# o- "b# o4 !1b+!e$tio "&#% o- p1-po-ti 3 to a44e$t him 0ith oti$e o4 a y $o t-a$t% do$1me t o- matte- ot !pe$i4i$a//y -e4e--ed to i the p-o!pe$t1!% !ha// be 5oid. "3# No pe-!o !ha// i!!1e to a y pe-!o i I dia a 4o-m o4 app/i$atio 4o- !ha-e! i o- debe t1-e! o4 !1$h a $ompa y oi te ded $ompa y a! i! me tio ed i !1b+!e$tio "&#% 1 /e!! the 4o-m i! i!!1ed 0ith a p-o!pe$t1! 0hi$h $omp/ie! 0ith the p-o5i!io ! o4 thi! pa-t a d the i!!1e 0he-eo4 i I dia doe! ot $o t-a5e e the p-o5i!io ! o4 !e$tio '(< = P-o5ided that thi! !1b+!e$tio !ha// ot app/y i4 it i! !ho0 that the 4o-m o4 app/i$atio 0a! i!!1ed i $o e$tio 0ith a bo a 4ide i 5itatio to a pe-!o to e te- i to a 1 de-0-iti 3 a3-eeme t 0ith -e!pe$t o4 the !ha-e! odebe t1-e!. "<# I the e5e t o4 o +$omp/ia $e 0ith o$o t-a5e tio o4 a y o4 the -e91i-eme t! impo!ed by $/a1!e! "a# a d "b# o4 !1b+!e$tio "&#% a di-e$to- o- othepe-!o -e!po !ib/e 4o- the p-o!pe$t1! !ha// ot i $1- a y /iabi/ity by -ea!o o4 the
o +$omp/ia $e o- $o t-a5e tio % i4 + "a# a! -e3a-d! a y matte- ot di!$/o!ed% he p-o5e! that he had o A o0/ed3e the-eo4 2 o"b# he p-o5e! that the o +$omp/ia $e o$o t-a5e tio a-o!e 4-om a ho e!t mi!taAe o4 4a$t o hi! pa-t 2 o"$# the o +$omp/ia $e o- $o t-a5e tio 0a! i -e!pe$t o4 matte-! 0hi$h% i the opi io o4 the Co1-t dea/i 3 0ith the $a!e% 0e-e immate-ia/% o- 0a! othe-0i!e !1$h a! o13ht i the opi io o4 that Co1-t% ha5i 3 -e3a-d to a// the $i-$1m!ta $e! o4 the $a!e% -ea!o ab/y to be e,$1!ed = P-o5ided that% i the e5e t o4 4ai/1-e to i $/1de i a p-o!pe$t1! a !tateme t 0ith -e!pe$t to the matte-! $o tai ed i $/a1!e &8 o4 S$hed1/e II% o di-e$to- o- othepe-!o !ha// i $1- a y /iabi/ity i -e!pe$t o4 the 4ai/1-e% 1 /e!! it be p-o5ed that he had A o0/ed3e o4 the matte-! ot di!$/o!ed. "@# Thi! !e$tio + "a# !ha// ot app/y to the i!!1e to e,i!ti 3 membe-! odebe t1-e ho/de-! o4 a $ompa y o4 a p-o!pe$t1! o4o-m o4 app/i$atio -e/ati 3 to !ha-e! i o- debe t1-e! o4 the $ompa y% 0hethe- a app/i$a t 4o- !ha-e! odebe t1-e! 0i// o0i// ot ha5e the -i3ht to -e o1 $e i 4a5o1- o4 othepe-!o ! 2 a d
"b# e,$ept i !o4a- a! it -e91i-e! a p-o!pe$t1! to be dated% !ha// ot app/y to the i!!1e o4 a p-o!pe$t1! -e/ati 3 to !ha-e! o- debe t1-e! 0hi$h a-e o- a-e to be i a// -e!pe$t! 1 i4o-m 0ith !ha-e! o- debe t1-e! p-e5io1!/y i!!1ed a d 4o- the time bei 3 dea/t i o- 91oted o a -e$o3 i!ed !to$A e,$ha 3e 2 b1t% !1b;e$t a! a4o-e!aid% thi! !e$tio !ha// app/y to a p-o!pe$t1! o- 4o-m o4 app/i$atio 0hethe- i!!1ed o o0ith -e4e-e $e to the 4o-matio o4 a $ompa y o!1b!e91e t/y. "'# Nothi 3 i thi! !e$tio !ha// /imit o- dimi i!h a y /iabi/ity 0hi$h a y pe-!o may i $1- 1 de- the 3e e-a/ /a0 o1 dethi! A$t apa-t 4-om thi! !e$tio . '(<. PROFISIONS AS TO EKPERT?S CONSENT AN* ACCOTMENT Pa3e :<9 o4 33: "&# No pe-!o !ha// i!!1e% $i-$1/ate o- di!t-ib1te i I dia a y p-o!pe$t1! o44e-i 3 4o- !1b!$-iptio !ha-e! i odebe t1-e! o4 a $ompa y i $o-po-ated o- to be i $o-po-ated o1t!ide I dia% 0hethe- the $ompa y ha! o- ha! ot e!tab/i!hed% o- 0he 4o-med 0i// o- 0i// ot e!tab/i!h% a p/a$e o4 b1!i e!! i I dia + "a# i4% 0he-e the p-o!pe$t1! i $/1de! a !tateme t p1-po-ti 3 to be made by a e,pe-t% he ha! ot 3i5e % o- ha! be4o-e
de/i5e-y o4 the p-o!pe$t1! 4o- -e3i!t-atio 0ithd-a0 % hi! 0-itte $o !e t to the i!!1e o4 the p-o!pe$t1! 0ith the !tateme t i $/1ded i the 4o-m a d $o te,t i 0hi$h it i! i $/1ded% o- the-e doe! ot appea- i the p-o!pe$t1! a !tateme t that he ha! 3i5e a d ha! ot 0ithd-a0 hi! $o !e t a! a4o-e!aid 2 o"b# i4 the p-o!pe$t1! doe! ot ha5e the e44e$t% 0he-e a app/i$atio i! made i p1-!1a $e the-eo4% o4 -e de-i 3 a// pe-!o ! $o $e- ed bo1 d by a// the p-o5i!io ! "othetha pe a/ p-o5i!io !# o4 !e$tio ! >:% >3 a d ><% !o 4a- a! app/i$ab/e. ":# I thi! !e$tio % the e,p-e!!io .e,pe-t. i $/1de! a e 3i ee-% a 5a/1e-% a a$$o1 ta t a d a y othepe-!o 0ho!e p-o4e!!io 3i5e! a1tho-ity to a !tateme t made by him 2 a d 4o- the p1-po!e! o4 thi! !e$tio a !tateme t !ha// be deemed to be i $/1ded i a p-o!pe$t1! i4 it i! $o tai ed i a y -epo-t o- memo-a d1m appea-i 3 o the 4a$e the-eo4 oby -e4e-e $e i $o-po-ated the-ei o- i!!1ed the-e0ith. '(@. RE7ISTRATION OF PROSPECTDS "&# No pe-!o !ha// i!!1e% $i-$1/ate o- di!t-ib1te i I dia a y p-o!pe$t1! o44e-i 3 4o- !1b!$-iptio !ha-e! i o-
debe t1-e! o4 a $ompa y i $o-po-ated o- to be i $o-po-ated o1t!ide I dia% 0hethe- the $ompa y ha! o- ha! ot e!tab/i!hed% o- 0he 4o-med 0i// o- 0i// ot e!tab/i!h% a p/a$e o4 b1!i e!! i I dia% 1 /e!! be4o-e the i!!1e% $i-$1/atio o- di!t-ib1tio o4 the p-o!pe$t1! i I dia% a $opy the-eo4 $e-ti4ied by the $hai-ma a d t0o othedi-e$to-! o4 the $ompa y a! ha5i 3 bee app-o5ed by -e!o/1tio o4 the ma a3i 3 body ha! bee de/i5e-ed 4o- -e3i!t-atio to the Re3i!t-a- a d the p-o!pe$t1! !tate! o the 4a$e o4 it that a $opy ha! bee !o de/i+5e-ed% a d the-e i! e do-!ed o oatta$hed to the $opy + "a# a y $o !e t to the i!!1e o4 the p-o!pe$t1! -e91i-ed by !e$tio '(<2 "b# a $opy o4 a y $o t-a$t -e91i-ed by $/a1!e &' o4 S$hed1/e II to be !tated i the p-o!pe$t1! o-% i the $a!e o4 a $o t-a$t ot -ed1$ed i to 0-iti 3% a memo-a d1m 3i5i 3 41// pa-ti$1/a-! the-eo42 a d "$# 0he-e the pe-!o ! maAi 3 a y -epo-t -e91i-ed by Pa-t II o4 S$hed1/e II ha5e made the-ei % o- ha5e% 0itho1t 3i5i 3 the -ea!o !% i di$ated the-ei % a y !1$h ad;1!tme t! a! a-e me tio ed i $/a1!e 3: o4 that S$hed1/e% a 0-itte !tateme t !i3 ed by tho!e pe-!o ! !etti 3 o1t the ad;1!tme t! a d 3i5i 3 the -ea!o ! the-e4o-.
":# The -e4e-e $e! i $/a1!e "b# o4 !1b+!e$tio "&# to the $opy o4 a $o t-a$t -e91i-ed the-eby to be e do-!ed o oatta$hed to a $opy o4 the p-o!pe$t1! !ha//% i the $a!e o4 a $o t-a$t 0ho//y o- pa-t/y i a /a 31a3e othetha E 3/i!h% be taAe a! -e4e-e $e! to a $opy o4 a t-a !/atio o4 the $o t-a$t i E 3/i!h o- a $opy embodyi 3 a t-a !/atio i E 3/i!h o4 the pa-t! 0hi$h a-e ot i E 3/i!h% a! the $a!e may be% bei 3 a t-a !/atio $e-ti4ied i the p-e!$-ibed ma e- to be a $o--e$t t-a !/atio . & ['(@A. OFFER OF IN*IAN *EPOSITORG RECEIPTS Not0ith!ta di 3 a ythi 3 $o tai ed i a y othe- /a0 4o- the time bei 3 i 4o-$e% the Ce t-a/ 7o5e- me t may maAe -1/e! app/i$ab/e 4o-O "a# the o44e- o4 I dia *epo!ito-y Re$eipt!2 "b# the -e91i-eme t o4 di!$/o!1-e! i p-o!pe$t1! o/ette- o4 o44e- i!!1ed i $o e$tio 0ith I dia *epo!ito-y Re$eipt!2 "$# the ma e- i 0hi$h the I dia *epo!ito-y Re$eipt! !ha// be dea/t i a depo!ito-y mode a d by $1!todia a d 1 de-0-ite-!2 "d# the ma e- o4 !a/e% t-a !4e- o- t-a !mi!!io o4 I dia *epo!ito-y Re$eipt!%
by a $ompa y i $o-po-ated% o- to be i $o-po-ated o1t!ide I dia% 0hethe- the $ompa y ha! o- ha! ot bee e!tab/i!hed o-% 0i// o- 0i// ot e!tab/i!h a y p/a$e o4 b1!i e!! i I dia.) &. I !e-ted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. '('. PENACTG FOR CONTRAFENTION OF SECTIONS '(3% '(< AN* '(@ A y pe-!o 0ho i! A o0i 3/y -e!po !ib/e + "a# 4o- the i!!1e% $i-$1/atio o- di!t-ib1tio o4 a p-o!pe$t1! 2 o"b# 4o- the i!!1e o4 a 4o-m o4 : [app/i$atio 4o- !ha-e!% debe t1-e! o- I dia *epo!ito-y Re$eipt) 2 i $o t-a5e tio o4 a y o4 the p-o5i!io ! o4 !e$tio ! '(3% '(< & [%'(@ a d '(@A)% !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to !i, mo th!% o- 0ith 4i e 0hi$h may e,te d to : [4i4ty) tho1!a d -1pee!% o- 0ith both. &. S1b!tit1ted 4o- .app/i$atio 4o- !ha-e! odebe t1-e!. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+
&:+:(((. :. S1b!tit1ted 4o- .a d '(@. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. 3. S1b!tit1ted 4o- .4i5e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. '(>. CIFIC CIABICITG FOR MIS+STATEMENTS IN PROSPECTDS Se$tio ': !ha// e,te d to e5e-y p-o!pe$t1! o44e-i 3 4o- !1b!$-iptio !ha-e! i o- debe t1-e! o4 a $ompa y i $o-po-ated o- to be i $o-po-ated o1t!ide I dia% 0hethe- the $ompa y ha! o- ha! ot e!tab/i!hed% o0he 4o-med 0i// o- 0i// ot e!tab/i!h% a p/a$e o4 b1!i e!! i I dia% 0ith the !1b!tit1tio 4o- -e4e-e $e! i !e$tio ': to !e$tio '( o4 thi! A$t% o4 -e4e-e $e! to !e$tio '(< the-eo4. Pa3e :@( o4 33: '(8. INTERPRETATION OF PROFISIONS AS TO PROSPECTDSES "&# Whe-e a y do$1me t by 0hi$h a y !ha-e! i % odebe t1-e! o4% a $ompa y i $o-po-ated o1t!ide I dia a-e o44e-ed 4o- !a/e to the p1b/i$% 0o1/d% i4 the $ompa y $o $e- ed had bee a $ompa y 0ithi the mea i 3 o4 thi! A$t% ha5e bee deemed by 5i-t1e o4 !e$tio '<% to be a p-o!pe$t1! i!!1ed by the $ompa y% that do$1me t !ha// be deemed% 4o- the
p1-po!e! o4 thi! Pa-t% to be a p-o!pe$t1! i!!1ed by the $ompa y o44e-i 3 !1$h !ha-e! o- debe t1-e! 4o!1b!$-iptio . ":# A o44e- o4 !ha-e! o- debe t1-e! 4o- !1b!$-iptio o!a/e to a y pe-!o 0ho!e o-di a-y b1!i e!! it i! to b1y o- !e// !ha-e! o- debe t1-e!% 0hethe- a! p-i $ipa/ o- a! a3e t% !ha// ot be deemed to be a o44e- to the p1b/i$ 4o- the p1-po!e! o4 thi! Pa-t. "3# I thi! Pa-t% the e,p-e!!io ! .p-o!pe$t1!.% .!ha-e!. a d .debe t1-e!. ha5e the !ame mea i 3! a! 0he 1!ed i -e/atio to a $ompa y i $o-po-ated 1 dethi! A$t. &. S1b!tit1ted 4o- the 0o-d! Pth-ee $opie!Q by SO >("E# dated 3-d Feb-1a-y :((9 0.e.4. (3+(:+:((9.
PART KII= RE7ISTRATION OFFICERS AN* FEES
OFFICES
AN*
'(9. RE7ISTRATION OFFICES "&# Fo- the p1-po!e! o4 the -e3i!t-atio o4 $ompa ie! 1 dethi! A$t% the-e !ha// be o44i$e! at !1$h p/a$e! a! the Ce t-a/ 7o5e- me t thi A! 4it.
":# The Ce t-a/ 7o5e- me t may appoi t !1$h Re3i!t-a-!% a d !1$h Additio a/% Ioi t% *ep1ty a d A!!i!ta t Re3i!t-a-! a! it thi A! e$e!!a-y 4o- the -e3i!t-atio o4 $ompa ie! 1 dethi! A$t% a d may maAe -e31/atio ! 0ith -e!pe$t to theid1tie!. "3# The !a/a-ie! o4 the pe-!o ! appoi ted 1 dethi! !e$tio !ha// be 4i,ed by the Ce t-a/ 7o5e- me t. "<# The Ce t-a/ 7o5e- me t may di-e$t a !ea/ o- !ea/! to be p-epa-ed 4o- the a1the ti$atio o4 do$1me t! -e91i-ed 4o-% o- $o e$ted 0ith% the -e3i!t-atio o4 $ompa ie!. "@# Whe e5e- a y a$t i! by thi! A$t di-e$ted to be do e to o- by the Re3i!t-a-% it !ha//% 1 ti/ the Ce t-a/ 7o5e- me t othe-0i!e di-e$t!% be do e to o- by the e,i!ti 3 Re3i!t-a- o4 Compa ie! o- ;oi t+!to$A $ompa ie!% o- i hi! ab!e $e% to o- by !1$h pe-!o a! the Ce t-a/ 7o5e- me t may 4othe time bei 3 a1tho-i!e = P-o5ided that i the e5e t o4 the Ce t-a/ 7o5e- me t a/te-i 3 the $o !tit1tio o4 the e,i!ti 3 -e3i!t-y o44i$e! o- a y o4 them% a y !1$h a$t !ha// be do e to o- by !1$h o44i$ea d at !1$h p/a$e% 0ith -e4e-e $e to the /o$a/ !it1atio o4 the -e3i!te-ed o44i$e! o4 the $ompa ie! $o $e- ed% a! the Ce t-a/ 7o5e- me t may appoi t.
'&(. INSPECTION% PRO*DCTION AN* EFI*ENCE OF *OCDMENTS 6EPT BG RE7ISTRAR "&# Sa5e a! othe-0i!e p-o5ided e/!e0he-e i thi! A$t% a y pe-!o may + "a# i !pe$t a y do$1me t! Aept by the Re3i!t-a-% i a$$o-da $e 0ith the -1/e! made 1 de- the *e!t-1$tio o4 Re$o-d! A$t% &9&> "@ o4 &9&># bei 3 do$1me t! 4i/ed o-e3i!te-ed by him i p1-!1a $e o4 thi! A$t% o- maAi 3 a -e$o-d o4 a y 4a$t -e91i-ed o- a1tho-i!ed to be -e$o-ded o-e3i!te-ed i p1-!1a $e o4 thi! A$t% o payme t 4oea$h i !pe$tio o4 & [!1$h 4ee! a! may be p-e!$-ibed) 2 "b# -e91i-e a $e-ti4i$ate o4 the i $o-po-atio o4 a y $ompa y% o- a $opy o- e,t-a$t o4 a y othedo$1me t o- a y pa-t o4 a y othedo$1me t to be $e-ti4ied by the Re3i!t-a-% o payme t o4 : [!1$h 4ee! a! may be p-e!$-ibed) = P-o5ided that the -i3ht! $o 4e--ed by thi! !1b+!e$tio !ha// be e,e-$i!ab/e + "i# i -e/atio to do$1me t! de/i5e-ed to the Re3i!t-a0ith a p-o!+pe$t1! i p1-!1a $e o4 !1b+$/a1!e "i# o4 $/a1!e "b# o4 !1b+!e$tio "&# o4 !e$tio '(% o /y d1-i 3 the 4o1-tee day! be3i i 3 0ith the date o4 p1b/i$atio o4 the p-o!pe$t1! 2
a d at othe- time!% o /y 0ith the pe-mi!!io o4 the Ce t-a/ 7o5e- me t 2 a d "ii# i -e/atio to do$1me t! !o de/i5e-ed i p1-!1a $e o4 $/a1!e "b# o4 !1b+!e$tio "&# o4 !e$tio '(@% o /y d1-i 3 the 4o1-tee day! be3i i 3 0ith the date o4 the p-o!pe$t1! 2 a d at othe- time!% o /y 0ith the pe-mi!!io o4 the Ce t-a/ 7o5e- me t. ":# No p-o$e!! 4o- $ompe//i 3 the p-od1$tio o4 a y do$1me t Aept by the Re3i!t-a- !ha// i!!1e 4-om a y Co1-t 3 [o- the < [T-ib1 a/)) e,$ept 0ith the /ea5e o4 that Co1-t 3 [o- the < [T-ib1 a/) 2 a d a y !1$h p-o$e!!% i4 i!!1ed% !ha// beathe-eo a !tateme t that it i! i!!1ed 0ith the /ea5e o4 the Co1-t & [o- the : [T-ib1 a/). "3# A $opy o4% o- e,t-a$t 4-om% a y do$1me t Aept a d -e3i!te-ed at a y o4 the o44i$e! 4o- the -e3i!t-atio o4 $ompa ie!
1 dethi! A$t% $e-ti4ied to be a t-1e $opy 1 de- the ha d o4 the Re3i!t-a- "0ho!e o44i$ia/ po!itio it !ha// ot be e$e!!a-y to p-o5e#% !ha//% i a// /e3a/ p-o$eedi 3!% be admi!!ib/e i e5ide $e a! o4 e91a/ 5a/idity 0ith the o-i3i a/ do$1me t. "<# [Omitted by the Compa ie! "Ame dme t# A$t% &9'(.) &. S1b!tit1ted 4o- EEa 4ee o4 o e -1pee?? by the Compa ie! "Ame dme t# A$t% &988 0.e.4. &@+>+&988. :. S1b!tit1ted 4o- 4o//o0i 3 by the Compa ie! "Ame dme t# A$t% &988 0.e.4. &@+>+&988 = EEa 4ee o4 4i5e -1pee! i the $a!e o4 a $e-ti4i$ate o4 i $o-po-atio % a d o4 o e -1pee 4o- e5e-y o e h1 d-ed 0o-d! o- 4-a$tio a/ pa-t the-eo4 -e91i-ed to be $opied i the $a!e o4 a $e-ti4ied $opy o4 e,t-a$t??. 3. I !e-ted by the Compa ie! "Ame dme t# A$t% &988 0.e.4. 3&+@+&99&. <. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. Pa3e :@& o4 33: & ['&(A. A*MISSIBICITG OF MICRO FICMS% FACSIMICE COPIES OF *OCDMENTS% COMPDTER PRINTODTS
AN* *OCDMENTS ON COMPDTER ME*IA AS *OCDMENTS AN* AS EFI*ENCE "&# Not0ith!ta di 3 a ythi 3 $o tai ed i a y othe/a0 4o- the time bei 3 i 4o-$e% + "a# a mi$-o 4i/m o4 a do$1me t o- the -ep-od1$tio o4 the ima3e o- ima3e! embodied i !1$h mi$-o 4i/m "0hethee /a-3ed o- ot# 2 o"b# a 4a$!imi/e $opy o4 a do$1me t 2 o"$# a !tateme t $o tai ed i a do$1me t a d i $/1ded i a p-i ted mate-ia/ p-od1$ed by a $omp1te"he-ei a4te-e4e--ed to a! a .$omp1te- p-i to1t.#% i4 the $o ditio ! me tio ed i !1b+!e$tio ":# a-e !ati!4ied% !ha// be deemed to be a/!o a do$1me t 4o- the p1-po!e! o4 thi! A$t a d the -1/e! made the-e1 dea d !ha// be admi!!ib/e i a y p-o$eedi 3! the-e1 de-% 0itho1t 41-the- p-oo4 o- p-od1$tio o4 the o-i3i a/% a! e5ide $e o4 a y $o te t! o4 the o-i3i a/ o- o4 a y 4a$t !tated the-ei o4 0hi$h di-e$t e5ide $e !ho1/d be admi!!ib/e. ":# The $o ditio ! -e4e--ed to i !1b+!e$tio "&# i -e!pe$t o4 a $omp1te- p-i to1t !ha// be the 4o//o0i 3 ame/y = + "a# the i 4o-matio $o tai ed i the !tateme t -ep-od1$e! o- i! de-i5ed 4-om -et1- ! a d do$1me t 4i/ed by the $ompa y o pape- o- o $omp1te- et0o-A% 4/oppy% di!Aette% ma3 eti$ $a-t-id3e tape% C*+-om o- a y othe$omp1te-
-eadab/e media 2 "b# 0hi/e -e$ei5i 3 -et1- ! o- do$1me t! o $omp1temedia% e$e! !a-y $he$A! by !$a i 3 the do$1me t! 4i/ed o $omp1te- media 0i// be $a--ied o1t a d media 0i// be d1/y a1the ti$ated by the Re3i!t-a- 2 a d "$# the Re3i!t-a- !ha// a/!o taAe d1e $a-e to p-e!e-5e the $omp1te- media by d1p/i$ati 3% t-a !4e--i 3% ma!te-i 3 o!to-a3e 0itho1t /o!! o4 data.) : ['&(B. PROFISIONS RECATIN7 TO FICIN7 OF APPCICATIONS% *OCDMENTS INSPECTION% ETC. T8ROD78 ECECTRONIC FORM. "&# Not0ith!ta di 3 a ythi 3 $o tai ed i thi! A$t% a d 0itho1t p-e;1di$e to the p-o5i!io ! $o tai ed i !e$tio ' o4 the I 4o-matio Te$h o/o3y A$t% :((( ":& o4 :(((#% the Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% maAe -1/e! !o a! to -e91i-e 4-om !1$h date a! may be !pe$i4ied i the -1/e!% that "a# !1$h app/i$atio !% ba/a $e !heet% p-o!pe$t1!% -et1- % de$/a-atio % memo-a d1m o4 a!!o$iatio % a-ti$/e! o4 a!!o$iatio % pa-ti$1/a-! o4 $ha-3e!% o- a y othepa-ti$1/a-! o- do$1me t a! may be -e91i-ed to be 4i/ed o- de/i5e-ed
1 dethi! A$t o- -1/e! made the-e1 de-% !ha// be 4i/ed% th-o13h the e/e$t-o i$ 4o-m a d a1the ti$ated i !1$h ma ea! may be !pe$i4ied i the -1/e!2 "b# !1$h do$1me t% oti$e% a y $omm1 i$atio oi timatio % -e91i-ed to be !e-5ed o- de/i5e-ed 1 dethi! A$t% !ha// be !e-5ed o- de/i5e-ed 1 dethi! A$t th-o13h the e/e$t-o i$ 4o-m a d a1the ti$ated i !1$h ma e- a! may be !pe$i4ied i the -1/e!2 "$# !1$h app/i$atio !% ba/a $e !heet% p-o!pe$t1!% -et1- % -e3i!te-% memo-a d1m o4 a!!o$iatio % a-ti$/e! o4 a!!o$iatio % pa-ti$1/a-! o4 $ha-3e!% o- a y othedo$1me t a d -et1- 4i/ed 1 dethi! A$t o- -1/e! made the-e1 de!ha// be mai tai ed by the Re3i!t-a- i the e/e$t-o i$ 4o-m a d -e3i!te-ed o- a1the ti$ated% a! the $a!e may be% i !1$h ma e- a! may be !pe$i4ied i the -1/e!2 "d# !1$h i !pe$tio ! o4 the memo-a d1m o4 a!!o$iatio % a-ti$/e! o4 a!!o$iatio % -e3i!te-% i de,% ba/a $e !heet% -et1o- a y othedo$1me t mai tai ed i the e/e$t-o i$ 4o-m% 0hi$h i! othe-0i!e a5ai/ab/e 4o- !1$h i !pe$tio 1 dethi! A$t o- -1/e! made the-e1 de-% may be made by a y pe-!o th-o13h the e/e$t-o i$ 4o-m a! may be !pe$i4ied i the -1/e!2
"e# !1$h 4ee!% $ha-3e! o- othe- !1m! payab/e 1 dethi! A$t o- -1/e! made the-e1 de- !ha// be paid th-o13h the e/e$t-o i$ 4o-m a d i !1$h ma e- a! may be !pe$i4ied i the -1/e!2 "4# the Re3i!t-a- !ha//% -e3i!te- $ha 3e o4 -e3i!te-ed o44i$e% a/te-atio o4 memo-a d1m o4 a!!o$iatio oa-ti$/e! o4 a!!o$iatio % p-o!pe$t1!% i!!1e $e-ti4i$ate o4 i $o-po-atio o- $e-ti4i$ate o4 $omme $eme t o4 b1!i e!!% -e3i!te- !1$h do$1me t% i!!1e !1$h $e-ti4i$ate% -e$o-d oti$e% -e$ei5e !1$h $omm1 i$atio a! may be -e91i-ed to be -e3i!te-ed oi!!1ed o- -e$o-ded o- -e$ei5ed% a! the $a!e may be% 1 dethi! A$t o- -1/e! made the-e1 de- o- pe-4o-m d1tie! odi!$ha-3e 41 $tio ! o- e,e-$i!e po0e-! 1 dethi! A$t o- -1/e! made the-e1 de- o- do a y a$t 0hi$h i! by thi! A$t di-e$ted to be pe-4o-med o- di!$ha-3ed o- e,e-$i!ed odo e by the Re3i!t-a-% by the e/e$t-o i$ 4o-m% i !1$h ma ea! may be !pe$i4ied i the -1/e!. ":# The Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% 4-ame a !$heme to $a--y o1t the p-o5i!io ! !pe$i4ied 1 de- !1b+!e$tio "&# th-o13h the e/e$t-o i$ 4o-m=
P-o5ided that the Ce t-a/ 7o5e- me t may appoi t di44e-e t date! i -e!pe$t o4 di44e-e t Re3i!t-a- o4 Compa ie! oRe3io a/ *i-e$to-! 4-om 0hi$h !1$h !$heme !ha// $ome i to 4o-$e. '&(C. POWER TO MO*IFG ACT IN RECATION TO ECECTRONIC RECOR*S "INCCD*IN7 T8E MANNER AN* FORM IN W8IC8 ECECTRONIC RECOR*S S8ACC BE FICE*#. "&# The Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% di-e$t that a y o4 the p-o5i!io ! o4 thi! A$t% !o 4a- a! it i! -e91i-ed 4o- the p1-po!e o4 e/e$t-o i$ -e$o-d !pe$i4ied 1 de- !e$tio '&(B i the e/e$t-o i$ 4o-m% "a# !ha// ot app/y% i -e/atio to the matte-! !pe$i4ied 1 de- $/a1!e! "a# to "4# o4 !1b+!e$tio "&# o4 !e$tio '&(B% a! may be !pe$i4ied i the oti4i$atio 2 o"b# !ha// app/y% i -e/atio to the matte-! !pe$i4ied 1 de- $/a1!e! "a# to "4# o4 !1b+!e$tio "&# o4 !e$tio '&(B o /y 0ith !1$h $o !e91e tia/ e,$eptio !% modi4i$atio ! oadoptio ! a! may be !pe$i4ied i the oti4i$atio = P-o5ided that o !1$h oti4i$atio 0hi$h -e/ate! to impo!itio o4 4i e! o- othepe$1 ia-y pe a/tie! odema d opayme t o4 4ee! o- $o t-a5e tio o4 a y o4 the p-o5i!io ! o4 thi! A$t o- o44e $e !ha// be i!!1ed 1 dethi! !1b+!e$tio .
":# A $opy o4 e5e-y oti4i$atio p-opo!ed to be i!!1ed 1 de- !1b+!e$tio "&#% !ha// be /aid i d-a4t be4o-e ea$h 8o1!e o4 Pa-/iame t% 0hi/e it i! i !e!!io % 4o- a tota/ pe-iod o4 thi-ty day! 0hi$h may be $omp-i!ed i o e !e!!io oi t0o o- Pa3e :@: o4 33: mo-e !1$$e!!i5e !e!!io !% a d i4% be4o-e the e,pi-y o4 the !e!!io immediate/y 4o//o0i 3 the !e!!io o- the !1$$e!!i5e !e!!io ! a4o-e!aid% both 8o1!e! a3-ee i di!app-o5i 3 the i!!1e o4 the oti4i$atio o- both 8o1!e! a3-ee i maAi 3 a y modi4i$atio i the oti4i$atio % the oti4i$atio !ha// ot be i!!1ed o-% a! the $a!e may be% !ha// be i!!1ed o /y i !1$h modi4ied 4o-m a! may be a3-eed 1po by both the 8o1!e!. '&(*. PROFI*IN7 OF FACDE A**E* SERFICES T8ROD78 ECECTRONIC FORM The Ce t-a/ 7o5e- me t may p-o5ide !1$h 5a/1e added !e-5i$e! th-o13h the e/e$t-o i$ 4o-m a d /e5y !1$h 4ee! a! may be p-e!$-ibed. '&(E. APPCICATION OF PROFISION OF ACT :& OF :(((. A// the p-o5i!io ! o4 the I 4o-matio Te$h o/o3y A$t% :((( -e/ati 3 to the e/e$t-o i$ -e$o-d! "i $/1di 3 the ma e- a d
4o-mat i 0hi$h the e/e$t-o i$ -e$o-d! !ha// be 4i/ed#% i !o 4a- a! they a-e ot i $o !i!te t 0ith thi! A$t% !ha// app/y% oi -e/atio % to the -e$o-d! i e/e$t-o i$ 4o-m 1 de!e$tio '&(B.) &. I !e-ted by the Compa ie! "Ame dme t# A$t% &99' 0.e.4. &+3+&99>. :. I !e-ted by the Compa ie! "Ame dme t# A$t% :(('% 0.e.4. &'+9+:(('. See a/!o Compa ie! "E/e$t-o i$ Fi/i 3 a d A1the ti$atio o4 *o$1me t!# R1/e!% :((' '&&. FEES IN SC8E*DCE K TO BE PAI* "&# I -e!pe$t o4 the !e5e-a/ matte-! me tio ed i S$hed1/e K% the-e !ha//% !1b;e$t to the /imitatio ! impo!ed by that S$hed1/e% be paid to the Re3i!t-a- the !e5e-a/ 4ee! the-ei !pe$i4ied = P-o5ided that o 4ee! !ha// be $ha-3ed i -e!pe$t o4 the -e3i!t-atio i p1-!1a $e o4 Pa-t IK o4 a $ompa y% i4 it i! ot -e3i!te-ed a! a /imited $ompa y% o- i4% be4o-e it! -e3i!t-atio a! a /imited $ompa y% the /iabi/ity o4 the !ha-eho/de-! 0a! /imited by !ome othe- A$t o4 Pa-/iame t o4 a y otheI dia /a0 o- by a A$t o4 Pa-/iame t o4 the D ited 6i 3dom% Roya/ Cha-te- o- Cette-! Pate t i 4o-$e i I dia =
P-o5ided 41-the- that i the $a!e o4 -e!o/1tio ! to 0hi$h !e$tio &9: app/ie!% ot mo-e tha o e 4ee !ha// be -e91i-ed 4o- the 4i/i 3 o4 mo-e -e!o/1tio ! tha o e pa!!ed i the !ame meeti 3 i4 !1$h -e!o/1tio ! a-e 4i/ed 0ith the Re3i!t-a- at the !ame time. ":# A y do$1me t -e91i-ed o- a1tho-i!ed by thi! A$t to be 4i/ed o- -e3i!te-ed% o- a y 4a$t -e91i-ed oa1tho-i!ed by thi! A$t to be -e3i!te-ed% 0ith the Re3i!t-a- o payme t o4 the 4ee !pe$i4ied the-e4o- i S$hed1/e K% may% 0itho1t p-e;1di$e to a y othe- /iabi/ity% be 4i/ed o- -e3i!te-ed a4te- the time% i4 a y% !pe$i4ied i thi! A$t 4o- it! 4i/i 3 o-e3i!t-atio o payme t o4 !1$h additio a/ 4ee ot e,$eedi 3 te time! the amo1 t o4 the 4ee !o !pe$i4ied a! the Re3i!t-a- may dete-mi e. '&:. FEES% ETC.% PAI* TO RE7ISTRAR AN* OT8ER OFFICERS TO BE ACCODNTE* FOR TO CENTRAC 7OFERNMENT A// 4ee!% $ha-3e!% a d othe- !1m! paid to a y Re3i!t-a-% a y Additio a/% Ioi t% *ep1ty% o- A!!i!ta t Re3i!t-a-% o- a y othe- o44i$e- o4 the Ce t-a/ 7o5e- me t i p1-!1a $e o4 thi! A$t !ha// be paid i to the p1b/i$ a$$o1 t o4 I dia i the
Re!e-5e Ba A o4 I dia. '&3. POWER OF CENTRAC 7OFERNMENT TO RE*DCE FEES% C8AR7ES% ETC "&# The Ce t-a/ 7o5e- me t may% by o-de- oti4ied i the O44i$ia/ 7aJette% -ed1$e the amo1 t o4 a y 4ee% $ha-3e oothe- !1m !pe$i4ied i a y p-o5i!io $o tai ed i thi! A$t% a! payab/e i -e!pe$t o4 a y matte-% eithe- to the Ce t-a/ 7o5e- me t o- to a y Re3i!t-a-% a y Additio a/% Ioi t% *ep1ty% o- A!!i!ta t Re3i!t-a- o- a y othe- o44i$e- o4 the Ce t-a/ 7o5e- me t 2 a d the-e1po !1$h p-o5i!io !ha//% d1-i 3 the pe-iod 4o- 0hi$h the o-de- i! i 4o-$e% ha5e e44e$t a! i4 the -ed1$ed 4ee had bee !1b!tit1ted 4o- the 4ee !pe$i4ied i !1$h p-o5i!io . ":# A y o-de- oti4ied 1 de- !1b+!e$tio "&# may% by a /iAe o-de-% be $a $e//ed o- 5a-ied at a y time by the Ce t-a/ 7o5e- me t. "3# Nothi 3 i thi! !e$tio !ha// be deemed to a44e$t the po0e- o4 the Ce t-a/ 7o5e- me t 1 de- !e$tio '<& to a/tea y o4 the 4ee! !pe$i4ied i S$hed1/e K. '&<. ENFORCEMENT OF *DTG OF COMPANG TO MA6E RETDRNS% ETC.% TO RE7ISTRAR
"&# I4 a $ompa y% ha5i 3 made de4a1/t i $omp/yi 3 0ith a y p-o5i!io o4 thi! A$t 0hi$h -e91i-e! it to 4i/e o-e3i!te0ith% o- de/i5e- o- !e d to% the Re3i!t-a- a y -et1- % a$$o1 t o- othedo$1me t% o- to 3i5e oti$e to him o4 a y matte-% 4ai/! to maAe 3ood the de4a1/t 0ithi 4o1-tee day! a4te- the !e-5i$e o4 a oti$e o the $ompa y -e91i-i 3 it to do !o% the & [T-ib1 a/) may% o a app/i$atio made to it by a y membe- o- $-edito- o4 the $ompa y o- by the Re3i!t-a-% maAe a o-de- di-e$ti 3 the $ompa y a d a y o44i$e- the-eo4 to maAe 3ood the de4a1/t 0ithi !1$h time a! may be !pe$i4ied i the o-de-. ":# A y !1$h o-de- may p-o5ide that a// $o!t! o4 a d i $ide ta/ to the app/i$atio !ha// be bo- e by the $ompa y o- by a y o44i$e-! o4 the $ompa y -e!po !ib/e 4o- the de4a1/t. "3# Nothi 3 i thi! !e$tio !ha// be taAe to p-e;1di$e the ope-atio o4 a y p-o5i!io ! i thi! o- a y othe- A$t impo!i 3 pe a/tie! o a $ompa y o- it! o44i$e-! i -e!pe$t o4 a y !1$h de4a1/t a! a4o-e!aid. &. S1b!tit1ted 4o- EECompa y Ca0 Boa-d?? by the Compa ie! "Se$o d Ame dme t# A$t% :((:.
Pa3e :@3 o4 33: '&<A. POWER OF CODRT TRGIN7 OFFENCES DN*ER T8E ACT TO *IRECT T8E FICIN7 OF *OCDMENTS WIT8 RE7ISTRAR "&# A y Co1-t t-yi 3 a o44e $e 4o- a de4a1/t i $omp/ia $e 0ith a y p-o5i!io o4 thi! A$t 0hi$h -e91i-e! a $ompa y oit! o44i$e-! to 4i/e o- -e3i!te- 0ith% o- de/i5e- o- !e d to% the Re3i!t-a-% a y -et1- % a$$o1 t o- othedo$1me t% may at the time o4 !e te $i 3% a$91itti 3 o- di!$ha-3i 3 the a$$1!ed% di-e$t by o-de-% i4 it thi A! 4it to do !o% a y o44i$e- o- otheemp/oyee o4 the $ompa y to 4i/e o- -e3i!te- 0ith% de/i5e- o- !e d to% the Re3i!t-a- o payme t o4 the 4ee i $/1di 3 the additio a/ 4ee -e91i-ed to be paid 1 de- !e$tio '&&% !1$h -et1- % a$$o1 t o- othedo$1me t 0ithi !1$h time a! may be !pe$i4ied i the o-de-. ":# A y o44i$e- o- otheemp/oyee o4 the $ompa y 0ho 4ai/! to $omp/y 0ith a o-de- o4 the Co1-t 1 de- !1b+ !e$tio "&# !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to !i, mo th!% o- 0ith 4i e% o- 0ith both. PART KIII + 7ENERAC
Co//e$tio o4 i 4o-matio a d !tati!ti$! 4-om $ompa ie! '&@. POWER OF CENTRAC 7OFERNMENT TO *IRECT COMPANIES TO FDRNIS8 INFORMATION OR STATISTICS "&# The Ce t-a/ 7o5e- me t may% by o-de-% -e91i-e $ompa ie! 3e e-a//y% o- a y $/a!! o4 $ompa ie!% oa y $ompa y% to 41- i!h !1$h i 4o-matio o- !tati!ti$! 0ith -e3a-d to thei- o- it! $o !tit1tio o- 0o-Ai 3% a d 0ithi !1$h time% a! may be !pe$i4ied i the o-de-. ":# "a# E5e-y o-de- 1 de- !1b+!e$tio "&# add-e!!ed to $ompa ie! 3e e-a//y o- to a y $/a!! o4 $ompa ie!% !ha// be p1b/i!hed i the O44i$ia/ 7aJette a d i !1$h othema e-% i4 a y% a! the Ce t-a/ 7o5e- me t may thi A 4it. "b# The date o4 p1b/i$atio o4 the o-de- i the O44i$ia/ 7aJette !ha// be deemed to be the date o 0hi$h the dema d 4oi 4o-matio o- !tati!ti$! i! made o !1$h $ompa ie! o$/a!! o4 $ompa ie!% a! the $a!e may be. "3# E5e-y o-de- 1 de- !1b+!e$tio "&# add-e!!ed to a i di5id1a/ $ompa y !ha// be !e-5ed o it i the ma e/aid do0 i !e$+ tio @&. "<# Fo- the p1-po!e o4 !ati!4yi 3 it!e/4 that a y i 4o-matio o- !tati!ti$! 41- i!hed by a $ompa y i p1-!1a $e o4 a y
o-de- 1 de- !1b+!e$tio "&# i! $o--e$t a d $omp/ete% the Ce t-a/ 7o5e- me t may -e91i-e !1$h $ompa y + "a# to p-od1$e !1$h -e$o-d! o- do$1me t! i it! po!!e!!io o- 1 deit! $o t-o/ 4o- i !pe$tio % be4o-e !1$h o44i$e- a d at !1$h time a! may be !pe$i4ied by the Ce t-a/ 7o5e- me t 2 o"b# to 41- i!h !1$h 41-the- i 4o-matio a! may be !pe$i4ied by the Ce t-a/ 7o5e- me t a d 0ithi !1$h time a! may be 4i,ed by it. "@# The Ce t-a/ 7o5e- me t may a/!o% by o-de-% di-e$t a i 91i-y to be made by a y pe-!o o- pe-!o ! amed i the o-de- + "a# 4o- the p1-po!e o4 obtai i 3 a y i 4o-matio o!tati!ti$! 0hi$h a $ompa y ha! 4ai/ed to 41- i!h a! -e91i-ed o4 it by a o-de- 1 de- !1b+!e$tio "&# 2 o"b# 4o- the p1-po!e o4 !ati!4yi 3 it!e/4 that a y i 4o-matio o- !tati!ti$! 41- i!hed by a $ompa y i p1-!1a $e o4 a o-demade 1 de- !1b+!e$tio "&# i! $o--e$t a d $omp/ete 2 a d i !o4a- a! !1$h i 4o-matio o- !tati!ti$! may be 4o1 d to be i $o--e$t o- i $omp/ete% 4o- the p1-po!e o4 obtai i 3 !1$h i 4o-matio o- !tati!ti$! a! may be e$e!!a-y to maAe the i 4o-matio o- !tati!ti$! 41- i!hed $o--e$t a d $omp/ete 2 a d a pe-!o o- pe-!o ! !o appoi ted !ha//% 4o- the
p1-po!e! o4 !1$h i 91i-y% ha5e !1$h po0e-! a! may be p-e!$-ibed. "'# I4 a y $ompa y 4ai/! to $omp/y 0ith a o-demade 1 de- !1b+!e$tio "&# o- "<#% o- A o0i 3/y 41- i!he! a y i 4o-matio o- !tati!ti$! 0hi$h i! i $o--e$t oi $omp/ete i a y mate-ia/ -e!pe$t% the $ompa y% a d e5e-y o44i$ethe-eo4 0ho i! i de4a1/t% !ha// be p1 i!hab/e 0ith imp-i!o me t 0hi$h may e,te d to th-ee mo th!% o0ith 4i e 0hi$h may e,te d to & [te ) tho1!a d -1pee!% o- 0ith both. "># A o-de- -e91i-i 3 a y i 4o-matio o- !tati!ti$! to be 41- i!hed by a $ompa y may a/!o be add-e!!ed to a y pe-!o 0ho i!% o- ha! at a y time bee % a o44i$e- oemp/oyee o4 the $ompa y% a d a// the p-o5i!io ! o4 thi! !e$tio % !o 4a- a! may be% !ha// app/y i -e/atio to !1$h pe-!o a! they app/y i -e/atio to the $ompa y = P-o5ided that o !1$h pe-!o !ha// be p1 i!hab/e 1 de- !1b+!e$tio "'#% 1 /e!! the Co1-t i! !ati!4ied that he 0a! i a po!itio to $omp/y 0ith the o-de- a d made 0i/41/ de4a1/t i doi 3 !o. "8# Whe-e a body $o-po-ate i $o-po-ated o1t!ide I dia a d ha5i 3 e!tab/i!hed a o44i$e 0ithi I dia% $a--ie! o
b1!i e!! i I dia% a// -e4e-e $e! to a $ompa y i thi! !e$tio !ha// be deemed to i $/1de -e4e-e $e! to the body $o-po-ate i -e/atio % a d o /y i -e/atio % to !1$h b1!i e!!. &. S1b!tit1ted 4o- .o e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. App/i$atio o4 A$t to $ompa ie! 3o5e- ed by !pe$ia/ A$t! '&'. APPCICATION OF ACT TO INSDRANCE% BAN6IN7% ECECTRICITG SDPPCG AN* OT8ER COMPANIES 7OFERNE* BG SPECIAC ACTS The p-o5i!io ! o4 thi! A$t !ha// app/y + "a# to i !1-a $e $ompa ie!% e,$ept i !o4a- a! the !aid p-o5i!io ! a-e i $o !i!te t 0ith the p-o5i!io ! o4 the I !1-a $e A$t% &938 "< o4 &938# 2 "b# to ba Ai 3 $ompa ie!% e,$ept i !o4a- a! the !aid p-o5i!io ! a-e i $o !i!te t 0ith the p-o5i!io ! o4 the R Ba Ai 3 Compa ie! A$t% &9<9 "&( o4 &9<9# 2 Pa3e :@< o4 33: "$# to $ompa ie! e 3a3ed i the 3e e-atio o- !1pp/y o4 e/e$t-i$ity% e,$ept i !o4a- a! the !aid p-o5i!io ! a-e i $o !i!te t 0ith the p-o5i!io ! o4 the I dia E/e$t-i$ity A$t% &9&( "9 o4 &9&(#% o- the E/e$t-i$ity S1pp/y A$t% &9<8 "@< o4
&9<8# 2 "d# to a y othe- $ompa y 3o5e- ed by a y !pe$ia/ A$t 4o- the time bei 3 i 4o-$e% e,$ept i !o4a- a! the !aid p-o5i!io ! a-e i $o !i!te t 0ith the p-o5i!io ! o4 !1$h !pe$ia/ A$t 2 "e# to !1$h body $o-po-ate% i $o-po-ated by a y A$t 4othe time bei 3 i 4o-$e% a! the Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% !pe$i4y i thi! beha/4% !1b;e$t to !1$h e,$eptio !% modi4i$atio ! oadaptatio !% a! may be !pe$i4ied i the oti4i$atio !. App/i$atio o4 A$t to 7o5e- me t $ompa ie! '&>. *EFINITION OF .7OFERNMENT COMPANG. Fo- the p1-po!e! o4 thi! A$t% 7o5e- me t $ompa y mea ! a y $ompa y i 0hi$h ot /e!! tha 4i4ty+o e pe- $e t o4 the paid+1p !ha-e $apita/ i! he/d by the Ce t-a/ 7o5e- me t% o- by a y State 7o5e- me t o7o5e- me t!% o- pa-t/y by the Ce t-a/ 7o5e- me t a d pa-t/y by o e o- mo-e State 7o5e- me t! a d i $/1de! a $ompa y 0hi$h i! a !1b!idia-y o4 a 7o5e- me t $ompa y a! th1! de4i ed. '&8. 7OFERNMENT COMPANIES NOT TO 8AFE MANA7IN7 A7ENTS
[Omitted by the Compa ie! "Ame dme t# A$t% :(((% 0.e.4. &3+&:+:(((.) '&9. APPCICATION OF SECTIONS ::< TO :33 TO 7OFERNMENT COMPANIES "&# I the $a!e o4 a 7o5e- me t $ompa y% the 4o//o0i 3 p-o5i!io ! !ha// app/y% ot0ith!ta di 3 a ythi 3 $o tai ed i !e$tio ! ::< to :33. ":# The a1dito- o4 a 7o5e- me t $ompa y !ha// be appoi ted o- -e+appoi ted by & [BBB) the Compt-o//e- a d A1dito-+ 7e e-a/ o4 I dia = P-o5ided that the /imit! !pe$i4ied i !1b+!e$tio ! "&B# a d "&C# o4 !e$tio ::< !ha// app/y i -e/atio to the appoi tme t o- -e+appoi tme t o4 a a1dito- 1 dethi! !1b+!e$tio . "3# The Compt-o//e- a d A1dito-+7e e-a/ o4 I dia !ha// ha5e po0e- + "a# to di-e$t the ma e- i 0hi$h the $ompa y?! a$$o1 t! !ha// be a1dited by the a1dito- appoi ted i p1-!1a $e o4 !1b+!e$tio ":# a d to 3i5e !1$h a1dito- i !t-1$tio ! i -e3a-d to a y matte- -e/ati 3 to the pe-4o-ma $e o4 hi! 41 $tio ! a! !1$h 2 "b# to $o d1$t a !1pp/eme ta-y o- te!t a1dit o4 the $ompa y?! a$$o1 t! by !1$h pe-!o o- pe-!o ! a! he may
a1tho-i!e i thi! beha/4 2 a d 4o- the p1-po!e! o4 !1$h a1dit% to -e91i-e i 4o-matio o- additio a/ i 4o-matio to be 41- i!hed to a y pe-!o o- pe-!o !% !o a1tho-i!ed% o !1$h matte-!% by !1$h pe-!o o- pe-!o !% a d i !1$h 4o-m% a! the Compt-o//e- a d A1dito-+ 7e e-a/ may% by 3e e-a/ o- !pe$ia/ o-de-% di-e$t. "<# The a1dito- a4o-e!aid !ha// !1bmit a $opy o4 hi! a1dit -epo-t to the Compt-o//e- a d A1dito-+7e e-a/ o4 I dia 0ho !ha// ha5e the -i3ht to $omme t 1po % o- !1pp/eme t% the a1dit -epo-t i !1$h ma e- a! he may thi A 4it. "@# A y !1$h $omme t! 1po % o- !1pp/eme t to% the a1dit -epo-t !ha// be p/a$ed be4o-e the a 1a/ 3e e-a/ meeti 3 o4 the $ompa y at the !ame time a d i the !ame ma e- a! the a1dit -epo-t. &. Wo-d! .the Ce t-a/ 7o5e- me t o the ad5i$e o4. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. '&9A. ANNDAC REPORTS ON 7OFERNMENT COMPANIES "&# Whe-e the Ce t-a/ 7o5e- me t i! a membe- o4 a 7o5e- me t $ompa y% the Ce t-a/ 7o5e- me t !ha// $a1!e a a 1a/ -epo-t o the 0o-Ai 3 a d a44ai-! o4 that $ompa y to be +
"a# p-epa-ed 0ithi th-ee mo th! o4 it! a 1a/ 3e e-a/ meeti 3 be4o-e 0hi$h the a1dit -epo-t i! p/a$ed 1 de!1b+ !e$tio "@# o4 !e$tio '&9 2 a d "b# a! !oo a! may be a4te- !1$h p-epa-atio % /aid be4o-e both 8o1!e! o4 Pa-/iame t to3ethe- 0ith a $opy o4 the a1dit -epo-t a d a y $omme t! 1po % o- !1pp/eme t to% the a1dit -epo-t% made by the Compt-o//e- a d A1dito-+ 7e e-a/ o4 I dia. ":# Whe-e i additio to the Ce t-a/ 7o5e- me t% a y State 7o5e- me t i! a/!o a membe- o4 a 7o5e- me t $ompa y% that State 7o5e- me t !ha// $a1!e a $opy o4 the a 1a/ -epo-t p-epa-ed 1 de- !1b+!e$tio "&# to be /aid be4o-e the 8o1!e o- both 8o1!e! o4 the State Ce3i!/at1-e to3ethe- 0ith a $opy o4 the a1dit -epo-t a d the $omme t! o!1pp/eme t -e4e--ed to i !1b+!e$tio "&#. "3# Whe-e the Ce t-a/ 7o5e- me t i! ot a membe- o4 a 7o5e- me t $ompa y% e5e-y State 7o5e- me t 0hi$h i! a membe- o4 that $ompa y% o- 0he-e o /y o e State 7o5e- me t i! a membe- o4 the $ompa y% that State 7o5e- me t !ha// $a1!e a a 1a/ -epo-t o the 0o-Ai 3 a d a44ai-! o4 the $ompa y to be+ "a# p-epa-ed 0ithi the time !pe$i4ied i !1b+!e$tio "&# 2 a d
"b# a! !oo a! may be a4te- !1$h p-epa-atio % /aid be4o-e the 8o1!e o- both 8o1!e! o4 the State Ce3i!/at1-e 0ith a $opy o4 the a1dit -epo-t a d $omme t! o- !1pp/eme t -e4e--ed to i !1b+!e$tio "&#. & ["<# The p-o5i!io ! o4 thi! !e$tio !ha//% !o 4a- a! may be% app/y to a 7o5e- me t $ompa y i /i91idatio a! they app/y to a y othe- 7o5e- me t $ompa y.) &. I !e-ted by the Compa ie! "Ame dme t# A$t% &988 0.e.4. &@+'+&988. Pa3e :@@ o4 33: '&9B. PROFISIONS OF SECTION '&9 TO APPCG TO CERTAIN COMPANIES The p-o5i!io ! o4 !e$tio '&9 !ha// app/y to a $ompa y i 0hi$h ot /e!! tha 4i4ty+o e pe- $e t o4 the paid+1p !ha-e $apita/ i! he/d by o e o- mo-e o4 the 4o//o0i 3 o- a y $ombi atio the-eo4% a! i4 it 0e-e a 7o5e- me t $ompa y% ame/y = + "a# the Ce t-a/ 7o5e- me t a d o e o- mo-e 7o5e- me t $ompa ie! 2 "b# a y State 7o5e- me t o- 7o5e- me t! a d o e omo-e 7o5e- me t $ompa ie! 2 "$# the Ce t-a/ 7o5e- me t% o e o- mo-e State 7o5e- me t! a d o e o- mo-e 7o5e- me t $ompa ie! 2
"d# the Ce t-a/ 7o5e- me t a d o e o- mo-e $o-po-atio ! o0 ed o- $o t-o//ed by the Ce t-a/ 7o5e- me t 2 "e# the Ce t-a/ 7o5e- me t% o e o- mo-e State 7o5e- me t! a d o e o- mo-e $o-po-atio ! o0 ed o$o t-o//ed by the Ce t-a/ 7o5e- me t 2 "4# o e o- mo-e $o-po-atio ! o0 ed o- $o t-o//ed by the Ce t-a/ 7o5e- me t o- the State 7o5e- me t 2 "3# mo-e tha o e 7o5e- me t $ompa y. ':(. POWER TO MO*IFG ACT IN RECATION TO 7OFERNMENT COMPANIES "&# The Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% di-e$t that a y o4 the p-o5i!io ! o4 thi! A$t "othetha !e$tio ! '&8% '&9 a d '&9A# !pe$i4ied i the oti4i$atio = + "a# !ha// ot app/y to a y 7o5e- me t $ompa y 2 o"b# !ha// app/y to a y 7o5e- me t $ompa y% o /y 0ith !1$h e,$eptio !% modi4i$atio ! a d adaptatio !% a! may be !pe$i4ied i the oti4i$atio . ":# A $opy o4 e5e-y oti4i$atio p-opo!ed to be i!!1ed 1 de- !1b+ !e$tio "&#% !ha// be /aid i d-a4t be4o-e ea$h 8o1!e o4 Pa-/iame t% 0hi/e it i! i !e!!io % 4o- a tota/ pe-iod o4 thi-ty day! 0hi$h may be $omp-i!ed i o e !e!!io oi t0o o-
mo-e !1$$e!!i5e !e!!io !% a d i4% be4o-e the e,pi-y o4 the !e!!io immediate/y 4o//o0i 3 the !e!!io o- the !1$$e!!i5e !e!!io ! a4o-e!aid% both 8o1!e! a3-ee i di!app-o5i 3 the i!!1e o4 the oti4i$atio o- both 8o1!e! a3-ee i maAi 3 a y modi4i$atio i the oti4i$atio % the oti4i$atio !ha// ot be i!!1ed o-% a! the $a!e may be% !ha// be i!!1ed o /y i !1$h modi4ied 4o-m a! may be a3-eed 1po by both the 8o1!e!. Modi4i$atio o4 A$t i it! app/i$atio M1t1a/ Be e4it So$ietie! to Nidhi! a d
':(A. POWER TO MO*IFG ACT IN ITS APPCICATION TO NI*8IS% ETC "&# I thi! !e$tio % .Nidhi. o- .M1t1a/ Be e4it So$iety. mea ! a $ompa y 0hi$h the Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% de$/a-e to be a Nidhi o- M1t1a/ Be e4it So$iety% a! the $a!e may be. ":# The Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% di-e$t that a y o4 the p-o5i!io ! o4 thi! A$t !pe$i4ied i the oti4i$atio + "a# !ha// ot app/y to a y Nidhi o- M1t1a/ Be e4it So$iety 2 o- "b# !ha// app/y to a y Nidhi o- M1t1a/ Be e4it So$iety 0ith !1$h e,$eptio !% modi4i$atio ! a d adaptatio ! a! may be !pe$i4ied i the oti4i$atio .
"3# A $opy o4 e5e-y oti4i$atio i!!1ed 1 de- !1b+ !e$tio "&# !ha// be /aid a! !oo a! may be a4te- it i! i!!1ed% be4o-e ea$h 8o1!e o4 Pa-/iame t. ':(B. SPECIAC PROFISIONS AS TO COMPANIES IN 7OA% *AMAN AN* *ID The Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% di-e$t that 4o- !1$h pe-iod o- pe-iod! 0ith e44e$t 4-om the :'th Ia 1a-y% &9'3 o- a y !1b!e91e t date% a y o4 the p-o5i!io ! o4 thi! A$t !pe$i4ied i the oti4i$atio !ha// ot app/y o- !ha// app/y o /y 0ith !1$h e,$eptio !% a d modi4i$atio ! o- adaptatio ! a! may be !pe$i4ied i the oti4i$atio % to% + "a# a y e,i!ti 3 $ompa y i the D io Te--ito-ie! o4 7oa% *ama a d *i1 2 "b# a y $ompa y -e3i!te-ed i the !aid D io Te--ito-y 1 dethi! A$t o o- a4te- the :'th Ia 1a-y% &9'3. Spe$ia/ p-o5i!io ! a! to $ompa ie! i 6a!hmiIamm1 a d
':(C. SPECIAC PROFISIONS AS TO COMPANIES IN IAMMD AN* 6AS8MIR
The Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% di-e$t that 0ith e44e$t 4-om the $omme $eme t o4 the Ce t-a/ Ca0! "E,te !io to Iamm1 a d 6a!hmi-# A$t% &9'8 "@ o4 &9'8#% o- a y !1b!e91e t date% a y o4 the p-o5i!io ! o4 thi! A$t !pe$i4ied i the oti4i$atio !ha// ot app/y% o- !ha// app/y o /y 0ith !1$h e,$eptio ! a d modi4i$atio ! o- adaptatio ! a! may be !pe$i4ied i the oti4i$atio % to + "a# a y e,i!ti 3 $ompa y i the State o4 Iamm1 a d 6a!hmi- 2 "b# a y $ompa y -e3i!te-ed i that State 1 dethi! A$t a4te- the $omme $eme t o4 the Ce t-a/ Ca0! "E,te !io to Iamm1 a d 6a!hmi-# A$t% &9'8 "@ o4 &9'8#. O44e $e! ':&. OFFENCES A7AINST ACT TO BE CO7NISABCE ONCG ON COMPCAINT BG RE7ISTRAR% S8ARE8OC*ER OR 7OFERNMENT "&# No Co1-t !ha// taAe $o3 i!a $e o4 a y o44e $e a3ai !t thi! A$t & [BBB)% 0hi$h i! a//e3ed to ha5e bee $ommitted by a y $ompa y o- a y o44i$e- the-eo4% e,$ept o the $omp/ai t i 0-iti 3 o4 the Re3i!t-a-% o- o4 a !ha-eho/de- o4 the
$ompa y% o- o4 a pe-!o a1tho-i!ed by the Ce t-a/ 7o5e- me t i that beha/4 = P-o5ided that othi 3 i thi! !1b+!e$tio !ha// app/y to a p-o!e$1tio by a $ompa y o4 a y o4 it! o44i$e-!. Pa3e :@' o4 33: : [P-o5ided 41-the- that the $o1-t may taAe $o3 i!a $e o4 o44e $e -e/ati 3 to i!!1e a d t-a !4e- o4 !e$1-itie! a d o + payme t o4 di5ide d o a $omp/ai t i 0-iti 3 by a pe-!o a1tho-i!ed by the Se$1-itie! E,$ha 3e Boa-d o4 I dia.) "&A# Not0ith!ta di 3 a ythi 3 $o tai ed i the Code o4 C-imi a/ P-o$ed1-e% &898 "@ o4 &898#% 0he-e the $omp/ai a t 1 de- !1b+!e$tio "&# i! the Re3i!t-a- o- a pe-!o a1tho-i!ed by the Ce t-a/ 7o5e- me t% the pe-!o a/ atte da $e o4 the $omp/ai a t be4o-e the Co1-t t-yi 3 the o44e $e !ha// ot be e$e!!a-y 1 /e!! the Co1-t 4o- -ea!o ! to be -e$o-ded i 0-iti 3 -e91i-e! hi! pe-!o a/ atte da $e at the t-ia/. ":# S1b+!e$tio "&# !ha// ot app/y to a y a$tio taAe by the /i91idato- o4 a $ompa y i -e!pe$t o4 a y o44e $e a//e3ed to ha5e bee $ommitted i -e!pe$t o4 a y o4 the matte-! i $/1ded i Pa-t FII "!e$tio ! <:@ to @'(# o- i a y othep-o5i!io ! o4 thi! A$t -e/ati 3 to the 0i di 3 1p o4 $ompa ie!.
"3# A /i91idato- o4 a $ompa y !ha// ot be deemed to be a o44i$e- o4 the $ompa y% 0ithi the mea i 3 o4 !1b+!e$tio "&#. &. Wo-d! ."othetha a o44e $e 0ith -e!pe$t to 0hi$h p-o$eedi 3! a-e i !tit1ted 1 de- !e$tio @<@#. omitted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. I !e-ted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. & [':&A. COMPOSITION OF CERTAIN OFFENCES "&# Not0ith!ta di 3 a ythi 3 $o tai ed i the Code o4 C-imi a/ P-o$e d1-e% &9>3 ": o4 &9><#% a y o44e $e p1 i!hab/e 1 dethi! A$t "0hethe- $ommitted by a $ompa y oa y o44i$e- the-eo4# ot bei 3 a o44e $e p1 i!hab/e 0ith imp-i!o me t o /y% o- 0ith imp-i!o me t a d a/!o 0ith 4i e% may% eithe- be4o-e o- a4te- the i !tit1tio o4 a y p-o!e$1tio % be $ompo1 ded by the Ce t-a/ 7o5e- me t o payme t o- $-edit% by the $ompa y othe o44i$e-% a! the $a!e may be% to the Ce t-a/ 7o5e- me t o4 !1$h !1m! a! that 7o5e- me t may p-e!$-ibe = P-o5ided that the !1m p-e!$-ibed !ha// ot% i a y $a!e% e,$eed the ma,im1m amo1 t o4 the 4i e 0hi$h may be impo!ed 4o- the o44e $e !o $ompo1 ded=
P-o5ided 41-the- that i p-e!$-ibi 3 the !1m -e91i-ed to be paid o- $-edited 4o- the $ompo1 di 3 o4 a o44e $e 1 dethi! !1b+!e$tio % the !1m% i4 a y% paid by 0ay o4 additio a/ 4ee 1 de- !1b+!e$tio ":# o4 !e$tio '&& !ha// be taAe i to a$$o1 t. ":# Nothi 3 i !1b+!e$tio "&# !ha// app/y to a o44e $e $ommitted by a $ompa y o- it! o44i$e- 0ithi a pe-iod o4 th-ee yea-! 4-om the date o 0hi$h a !imi/a- o44e $e $ommitted by it o- him 0a! $ompo1 ded 1 dethi! !e$tio . E,p/a atio . + Fo- the p1-po!e! o4 thi! !e$tio % a y !e$o d o- !1b!e91e t o44e $e $ommitted a4te- the e,pi-y o4 a pe-iod o4 th-ee yea-! 4-om the date o 0hi$h the o44e $e 0a! p-e5io1!/y $ompo1 ded% !ha// be deemed to be a 4i-!t o44e $e. "3# "a# E5e-y app/i$atio 4o- the $ompo1 di 3 o4 a o44e $e !ha// be made to the Re3i!t-a- 0ho !ha// 4o-0a-d the !ame% to3ethe- 0ith hi! $omme t! the-eo to the Ce t-a/ 7o5e- me t. "b# Whe-e a y o44e $e i! $ompo1 ded 1 dethi! !e$tio % 0hethe- be4o-e o- a4te- the i !tit1tio o4 a y p-o!e$1tio % a i timatio the-eo4 !ha// be 3i5e by the $ompa y to the Re3i!t-a- 0ithi !e5e day! 4-om the date o 0hi$h the o44e $e
i! !o $ompo1 ded. "$# Whe-e a y o44e $e i! $ompo1 ded be4o-e the i !tit1tio o4 a y p-o!e$1tio % o p-o!e$1tio !ha// be i !tit1ted i -e/atio to !1$h o44e $e% eitheby the Re3i!t-a- o- by a y !ha-eho/de- o4 the $ompa y o- by a y pe-!o a1tho-i!ed by the Ce t-a/ 7o5e- me t a3ai !t the o44e de- i -e/atio to 0hom the o44e $e i! !o $ompo1 ded. "d# Whe-e the $ompo!itio o4 a y o44e $e i! made a4te- the i !tit1tio o4 a y p-o!e$1tio % !1$h $ompo!itio !ha// be b-o13ht by the Re3i!t-a- i 0-iti 3% to the oti$e o4 the Co1-t i 0hi$h the p-o!e$1tio i! pe di 3 a d o !1$h oti$e o4 the $ompo!itio o4 the o44e $e bei 3 3i5e % the $ompa y o- it! o44i$e- i -e/atio to 0hom the o44e $e i! !o $ompo1 ded !ha// be di!$ha-3ed. "<# The Ce t-a/ 7o5e- me t 0hi/e dea/i 3 0ith a p-opo!a/ 4o- the $ompo1 di 3 o4 a o44e $e 4o- a de4a1/t i $omp/ia $e 0ith a y p-o5i!io o4 thi! A$t 0hi$h -e91i-e! a $ompa y o- it! o44i$e- to 4i/e o- -e3i!te- 0ith% o- de/i5e- o!e d to% the Re3i!t-a- a y -et1- % a$$o1 t o- othedo$1me t% may% di-e$t% by o-de-% i4 it o- he thi A! 4it to do !o% a y o44i$e- o- otheemp/oyee o4 the $ompa y to 4i/e o-e3i!te- 0ith% o- o payme t o4 the 4ee% a d the additio a/ 4ee%
-e91i-ed to be paid 1 de- !e$tio '&&% !1$h -et1- % a$$o1 t o- othedo$1me t 0ithi !1$h time a! may be !pe$i4ied i the o-de-. "@# A y o44i$e- o- otheemp/oyee o4 the $ompa y 0ho 4ai/! to $omp/y 0ith a y o-demade by the Ce t-a/ 7o5e- me t 1 de- !1b+!e$tio "<# !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to !i, mo th!% o- 0ith 4i e ot e,$eedi 3 "4i4ty tho1!a d -1pee! o- 0ith both. "'# Not0ith!ta di 3 a ythi 3 $o tai ed i the Code o4 C-imi a/ P-o$ed1-e% &9>3 ": o4 &9><# + "a# a y o44e $e 0hi$h i! p1 i!hab/e 1 dethi! a$t 0ith imp-i!o me t o- 0ith 4i e% o- 0ith both% !ha// be $ompo1 dab/e 0ith the pe-mi!!io o4 the Co1-t% i a$$o-da $e 0ith the p-o$ed1-e /aid do0 i that A$t 4o- $ompo1 di 3 o4 o44e $e! 2 "b# a y o44e $e 0hi$h i! p1 i!hab/e 1 dethi! A$t 0ith imp-i!o me t o /y o- 0ith imp-i!o me t a d a/!o 0ith 4i e !ha// ot be $ompo1 dab/e. "># No o44e $e !pe$i4ied i thi! !e$tio !ha// be $ompo1 ded e,$ept 1 de- a d i a$$o-da $e 0ith the p-o5i!io ! o4 thi! !e$tio .) '::. IDRIS*ICTION TO TRG OFFENCES
No Co1-t i 4e-io- to that o4 a P-e!ide $y Ma3i!t-ate oa Ma3i!t-ate o4 the 4i-!t $/a!! !ha// t-y a y o44e $e a3ai !t thi! A$t. ':3. CERTAIN OFFENCES TRIABCE SDMMARICG IN PRESI*ENCG TOWNS Pa3e :@> o4 33: I4 a y o44e $e a3ai !t thi! A$t 0hi$h i! p1 i!hab/e 0ith 4i e o /y i! $ommitted by a y pe-!o 0ithi a P-e!ide $y to0 % !1$h pe-!o may be t-ied !1mma-i/y a d p1 i!hed by a y P-e!ide $y Ma3i!t-ate o4 that P-e!ide $y to0 . ':<. OFFENCES TO BE NON+CO7NISABCE Not0ith!ta di 3 a ythi 3 i the Code o4 C-imi a/ P-o$ed1-e% &898 "@ o4 &898#% e5e-y o44e $e a3ai !t thi! A$t !ha// be deemed to be o +$o3 i!ab/e 0ithi the mea i 3 o4 the !aid Code. ':<A. POWER OF CENTRAC 7OFERNMENT TO APPOINT COMPANG PROSECDTORS Not0ith!ta di 3 a ythi 3 $o tai ed i the Code o4 C-imi a/ P-o$ed1-e% &898 "@ o4 &898#% the Ce t-a/ 7o5e- me t may appoi t 3e e-a//y% o- i a y $a!e% o- 4o- a y !pe$i4ied $/a!! o4 $a!e! i a y /o$a/ a-ea% o e o- mo-e pe-!o !% a!
$ompa y p-o!e$1to-! 4o- the $o d1$t o4 p-o!e$1tio ! a-i!i 3 o1t o4 thi! A$t 2 a d the pe-!o ! !o appoi ted a! $ompa y p-o!e$1to-! !ha// ha5e a// the po0e-! a d p-i5i/e3e! $o 4e--ed by that Code o p1b/i$ p-o!e$1to-!% appoi ted by a State 7o5e- me t 1 de- !e$tio <9: o4 that Code. ':<B. APPEAC A7AINST ACHDITTAC Not0ith!ta di 3 a ythi 3 $o tai ed i the Code o4 C-imi a/ P-o$ed1-e% &898 "@ o4 &898#% the Ce t-a/ 7o5e- me t may% i a y $a!e a-i!i 3 o1t o4 thi! A$t% di-e$t a y $ompa y p-o!e$1to- o- a1tho-i!e a y othepe-!o eitheby ame o- by 5i-t1e o4 hi! o44i$e% to p-e!e t a appea/ 4-om a o-de- o4 a$91itta/ pa!!ed by a y Co1-t othetha a 8i3h Co1-t a d a appea/ p-e!e ted by !1$h p-o!e$1to- o- othepe-!o !ha// be deemed to ha5e bee 5a/id/y p-e!e ted to the appe//ate Co1-t. ':@. PAGMENT OF COMPENSATION IN CASES OF FRIFOCODS OR FEKATIODS PROSECDTION "&# I -e!pe$t o4 a y $a!e i !tit1ted 1po the $omp/ai t o4 a !ha-eho/de- a3ai !t the $ompa y oa y o44i$e- the-eo4 i
p1-!1a $e o4 !e$tio ':&% the p-o5i!io ! o4 !e$tio :@( o4 the Code o4 C-imi a/ P-o$ed1-e% &898 "@ o4 &898#% !ha// ot app/y 2 a d the 4o//o0i 3 p-o5i!io ! !ha// app/y i !tead. ":# I4 the Ma3i!t-ate by 0hom a y !1$h $a!e i! hea-d di!$ha-3e! o- a$91it! a// o- a y o4 the a$$1!ed a d i! o4 opi io that the a$$1!atio a3ai !t them o- a y o4 them 0a! 4a/!e a d eithe- 4-i5o/o1! o- 5e,atio1!% the Ma3i!t-ate may% by hi! o-de- o4 di!$ha-3e o- a$91itta/% i4 the !ha-eho/de1po 0ho!e $omp/ai t the a$$1!atio 0a! made i! p-e!e t% $a// 1po him 4o-th0ith to !ho0 $a1!e 0hy he !ho1/d ot pay $ompe !atio to !1$h a$$1!ed% o- to ea$h o- a y o4 !1$h a$$1!ed 0he the-e i! mo-e tha o e% o- i4 !1$h !ha-eho/de- i! ot p-e!e t% di-e$t the i!!1e o4 a !1mmo ! to him to appea- a d !ho0 $a1!e a! a4o-e!aid. "3# The Ma3i!t-ate !ha// -e$o-d a d $o !ide- a y $a1!e 0hi$h !1$h !ha-eho/de- may !ho0 2 a d i4 the Ma3i!t-ate i! !ati!4ied that the a$$1!atio 0a! 4a/!e a d eithe4-i5o/o1! o- 5e,atio1!% he may% 4o- -ea!o ! to be -e$o-ded% di-e$t that $ompe !atio to !1$h amo1 t a! he may dete-mi e be paid by !1$h !ha-eho/de- to the a$$1!ed o- to ea$h o- a y o4 them% ot e,$eedi 3 o e tho1!a d -1pee! i a//.
"<# The Ma3i!t-ate may% by the o-de- di-e$ti 3 payme t o4 the $ompe !atio 1 de- !1b+!e$tio "3#% 41-the- o-de- that% i de4a1/t o4 payme t% the !ha-eho/de- o-de-ed to pay !1$h $ompe !atio !ha// !144e- !imp/e imp-i!o me t 4o- a te-m ot e,$eedi 3 t0o mo th!. "@# Whe a y pe-!o i! imp-i!o ed 1 de- !1b+!e$tio "<#% the p-o5i!io ! o4 !e$tio ! '8 a d '9 o4 the I dia Pe a/ Code "<@ o4 &8'(# !ha//% !o 4a- a! may be% app/y. "'# No pe-!o 0ho ha! bee di-e$ted to pay $ompe !atio 1 dethi! !e$tio !ha//% by -ea!o o4 !1$h o-de-% be e,empted 4-om a y $i5i/ o- $-imi a/ /iabi/ity i -e!pe$t o4 the $omp/ai t made by him = P-o5ided that a y amo1 t paid to a a$$1!ed pe-!o 1 dethi! !e$tio !ha// be taAe i to a$$o1 t i a0a-di 3 $ompe !atio to !1$h pe-!o i a y !1b!e91e t $i5i/ !1it -e/ati 3 to the !ame matte-. "># A $omp/ai a t 0ho ha! bee o-de-ed to pay $ompe !atio 1 de- !1b+!e$tio "3# by a Ma3i!t-ate may appea/ 4-om the o-de-% i !o4a- a! it -e/ate! to the payme t o4 $ompe !atio % a! i4 !1$h $omp/ai a t had bee $o 5i$ted o a t-ia/ he/d by !1$h Ma3i!t-ate.
"8# Whe-e a o-de- 4o- payme t o4 $ompe !atio to a a$$1!ed pe-!o i! made% the $ompe !atio !ha// ot be paid to him be4o-e the pe-iod a//o0ed 4o- the p-e!e tatio o4 the appea/ 1 de- !1b+!e$tio "># ha! e/ap!ed 2 o-% i4 a appea/ i! p-e!e ted% be4o-e the appea/ ha! bee de$ided. ':'. APPCICATION OF FINES The Co1-t & [o- T-ib1 a/) impo!i 3 a y 4i e 1 dethi! A$t may di-e$t that the 0ho/e o- a y pa-t the-eo4 !ha// be app/ied i o- to0a-d! payme t o4 the $o!t! o4 the p-o$eedi 3!% o- i o- to0a-d! the -e0a-di 3 o4 the pe-!o o 0ho!e i 4o-matio o- at 0ho!e i !ta $e the 4i e i! -e$o5e-ed. &. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. ':>. PRO*DCTION AN* INSPECTION OF BOO6S W8ERE OFFENCE SDSPECTE* "&# I4% o a app/i$atio made to a I1d3e o4 a 8i3h Co1-t i $hambe-! & [o- T-ib1 a/% a! the $a!e may be) by the P1b/i$ P-o!e$1to- o4 the State o- by the Ce t-a/ 7o5e- me t% o- by a $ompa y p-o!e$1to- appoi ted 1 de- !e$tio ':<A% it i!
!ho0 that the-e i! -ea!o ab/e $a1!e to be/ie5e that a y pe-!o ha!% 0hi/e he 0a! a o44i$e- o4 a $ompa y% $ommitted a o44e $e i $o e$tio 0ith the ma a3eme t o4 the $ompa y?! a44ai-!% a d that e5ide $e o4 the $ommi!!io o4 the o44e $e i! to be 4o1 d i a y booA! o- pape-! o4 o1 de- the $o t-o/ o4 the $ompa y% a o-de- may be made+ "i# a1tho-i!i 3 a y pe-!o amed the-ei to i !pe$t the !aid booA! o- pape-! o- a y o4 them 4o- the p1-po!e o4 i 5e!ti3ati 3% a d obtai i 3 e5ide $e o4 the $ommi!!io o4% the o44e $e 2 o- Pa3e :@8 o4 33: "ii# -e91i-i 3 the : [BBB) ma a3e- o4 the $ompa y o- !1$h othe- o44i$ethe-eo4 a! may be amed i the o-de-% to p-od1$e the !aid booA! o- pape-! o- a y o4 them to a pe-!o % a d at a p/a$e a d time% amed i the o-de-. ":# S1b+!e$tio "&# !ha// app/y a/!o i -e/atio to a y booA! o- pape-! o4 a pe-!o $a--yi 3 o the b1!i e!! o4 ba Ai 3 !o 4a- a! they -e/ate to the $ompa y?! a44ai-!% a! it app/ie! to a y booA! o- pape-! o4 o- 1 de- the $o t-o/ o4 the $ompa y% e,$ept that o !1$h o-de- a! i! -e4e--ed to i $/a1!e "ii# the-eo4 !ha// be made by 5i-t1e o4 thi! !1b+ !e$tio . "3# No appea/ !ha// /ie 4-om the de$i!io o4 a I1d3e o4 the 8i3h Co1-t
3 [o- T-ib1 a/) 1 dethi! !e$tio . &. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. :. Wo-d! .ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-! o-. omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. 3. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. ':8. PENACTG FOR FACSE STATEMENTS I4 i a y -et1- % -epo-t% $e-ti4i$ate% ba/a $e !heet% p-o!pe$t1!% !tateme t o- othedo$1me t -e91i-ed by o- 4o- the p1-po!e! o4 a y o4 the p-o5i!io ! o4 thi! A$t% a y pe-!o maAe! a !tateme t + "a# 0hi$h i! 4a/!e i a y mate-ia/ pa-ti$1/a-% A o0i 3 it to be 4a/!e 2 o"b# 0hi$h omit! a y mate-ia/ 4a$t% A o0i 3 it to be mate-ia/ 2 he !ha//% !a5e a! othe-0i!e e,p-e!!/y p-o5ided i thi! A$t% be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to t0o yea-!% a d !ha// a/!o be /iab/e to 4i e. ':9. PENACTG FOR FACSE EFI*ENCE I4 a y pe-!o i te tio a//y 3i5e! 4a/!e e5ide $e + "a# 1po a y e,ami atio 1po oath o- !o/em a44i-matio % a1tho-i!ed 1 dethi! A$t 2 o-
"b# i a y a44ida5it% depo!itio o- !o/em a44i-matio % i o- abo1t the 0i di 3 1p o4 a y $ompa y 1 dethi! A$t% oothe-0i!e i o- abo1t a y matte- a-i!i 3 1 dethi! A$t 2 he !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to !e5e yea-!% a d !ha// a/!o be /iab/e to 4i e. ':9A. PENACTG W8ERE NO SPECIFIC PENACTG IS PROFI*E* ECSEW8ERE IN T8E ACT I4 a $ompa y o- a y othepe-!o $o t-a5e e! a y p-o5i!io o4 thi! A$t 4o- 0hi$h o p1 i!hme t i! p-o5ided e/!e0he-e i thi! A$t o- a y $o ditio % /imitatio o- -e!t-i$tio !1b;e$t to 0hi$h a y app-o5a/% !a $tio % $o !e t% $o 4i-matio % -e$o3 itio % di-e$tio o- e,emptio i -e/atio to a y matte- ha! bee a$$o-ded% 3i5e o- 3-a ted% the $ompa y a d e5e-y o44i$e- o4 the $ompa y 0ho i! i de4a1/t o- !1$h othepe-!o !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [4i5e tho1!a d) -1pee!% a d 0he-e the $o t-a5e tio i! a $o ti 1i 3 o e% 0ith a 41-the- 4i e 0hi$h may e,te d to : [4i5e
h1 d-ed) -1pee! 4o- e5e-y day a4te- the 4i-!t d1-i 3 0hi$h the $o t-a5e tio $o ti 1e!. 4i e 0hi$h may e,te d to R!. @(( 4o- e5e-yday d1-i 3 0hi$h the $o t-a5e tio $o ti 1e!. A y o44e $e $o5e-ed by thi! !e$tio i! $ompo1 dab/e. &. S1b!tit1ted 4o- .4i5e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. :. S1b!tit1ted 4o- .4i4ty. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. '3(. PENACTG FOR WRON7FDC WIT88OC*IN7 OF PROPERTG "&# I4 a y o44i$e- o- emp/oyee o4 a $ompa y + "a# 0-o 341//y obtai ! po!!e!!io o4 a y p-ope-ty o4 a $ompa y 2 o"b# ha5i 3 a y !1$h p-ope-ty i hi! po!!e!!io % 0-o 341//y 0ithho/d! it o- A o0i 3/y app/ie! it to p1-po!e! othetha tho!e e,p-e!!ed o- di-e$ted i the a-ti$/e! a d a1tho-i!ed by thi! A$t 2 he !ha//% o the $omp/ai t o4 the $ompa y o- a y $-edito- o- $o t-ib1to-y the-eo4% be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [te ) tho1!a d -1pee!. ":# The Co1-t t-yi 3 the o44e $e may a/!o o-de- !1$h o44i$e- o- emp/oyee to de/i5e- 1p o- -e41 d% 0ithi a time to be
4i,ed by the Co1-t% a y !1$h p-ope-ty 0-o 341//y obtai ed o- 0-o 341//y 0ithhe/d o- A o0i 3/y mi!app/ied% o- i de4a1/t% to !144e- imp-i!o me t 4o- a te-m 0hi$h may e,te d to t0o yea-!. &. S1b!tit1ted 4o- .o e. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. '3&. PENACTG FOR IMPROPER DSE OF WOR*S .CIMITE*. AN* .PRIFATE CIMITE*. I4 a y pe-!o o- pe-!o ! t-ade o- $a--y o b1!i e!! 1 de- a y ame o- tit/e o4 0hi$h the 0o-d .Cimited. othe 0o-d! .P-i5ate Cimited.% o- a y $o t-a$tio o- imitatio the-eo4 i! o- a-e the /a!t 0o-d o- 0o-d!% that pe-!o oea$h o4 tho!e pe-!o ! !ha//% 1 /e!! d1/y i $o-po-ated 0ith /imited /iabi/ity% o- 1 /e!! d1/y i $o-po-ated a! a p-i5ate $ompa y 0ith /imited /iabi/ity% a! the $a!e may be% p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [4i5e h1 d-ed) -1pee! 4o- e5e-y day 1po 0hi$h that ame o- tit/e ha! bee 1!ed. &. S1b!tit1ted 4o- .4i4ty. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. Ce3a/ p-o$eedi 3!
'3:. POWER TO REHDIRE CIMITE* COMPANG TO 7IFE SECDRITG FOR COSTS Whe-e a /imited $ompa y i! p/ai ti44 o- petitio e- i a y !1it o- othe- /e3a/ p-o$eedi 3% a y Co1-t & [o- T-ib1 a/) ha5i 3 ;1-i!di$tio i the matte- may% i4 the-e i! -ea!o to be/ie5e that the $ompa y 0i// be 1 ab/e to pay the $o!t! o4 Pa3e :@9 o4 33: de4e da t i4 he i! !1$$e!!41/ i hi! de4e $e% -e91i-e !144i$ie t !e$1-ity to be 3i5e 4o- tho!e $o!t!% a d may !tay a// p-o$eedi 3! 1 ti/ the !e$1-ity i! 3i5e . &. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: 0.e.4. &3+&:+:((:. '33. POWER OF CODRT TO 7RANT RECIEF IN CERTAIN CASES "&# I4 i a y p-o$eedi 3 4o- e3/i3e $e% de4a1/t% b-ea$h o4 d1ty% mi!4ea!a $e o- b-ea$h o4 t-1!t a3ai !t a o44i$e- o4 a $ompa y% it appea-! to the Co1-t hea-i 3 the $a!e that he i! o- may be /iab/e i -e!pe$t o4 the e3/i3e $e% de4a1/t% b-ea$h o4 d1ty% mi!4ea!a $e o- b-ea$h o4 t-1!t% b1t that he ha! a$ted ho e!t/y a d -ea!o ab/y% a d that ha5i 3 -e3a-d to a// the $i-$1m!ta $e! o4 the $a!e% i $/1di 3 tho!e $o e$ted 0ith hi! appoi tme t% he o13ht 4ai-/y to be e,$1!ed%
the Co1-t may -e/ie5e him% eithe- 0ho//y o- pa-t/y% 4-om hi! /iabi/ity o !1$h te-m! a! it may thi A 4it = P-o5ided that i a $-imi a/ p-o$eedi 3 1 dethi! !1b+ !e$tio % the Co1-t !ha// ha5e o po0e- to 3-a t -e/ie4 4-om a y $i5i/ /iabi/ity 0hi$h may atta$h to a o44i$e- i -e!pe$t o4 !1$h e3/i3e $e% de4a1/t% b-ea$h o4 d1ty% mi!4ea!a $e ob-ea$h o4 t-1!t. ":# Whe-e a y !1$h o44i$e- ha! -ea!o to app-ehe d that a y p-o$eedi 3 0i// o- mi3ht be b-o13ht a3ai !t him i -e!pe$t o4 a y e3/i3e $e% de4a1/t% b-ea$h o4 d1ty% mi!4ea!a $e o- b-ea$h o4 t-1!t% he may app/y to the 8i3h Co1-t 4o-e/ie4 a d the 8i3h Co1-t o !1$h app/i$atio !ha// ha5e the !ame po0e- to -e/ie5e him a! it 0o1/d ha5e had i4 it had bee a Co1-t be4o-e 0hi$h a p-o$eedi 3 a3ai !t that o44i$e- 4oe3/i3e $e% de4a1/t% b-ea$h o4 d1ty% mi!4ea!a $e ob-ea$h o4 t-1!t had bee b-o13ht 1 de- !1b+!e$tio "&#. "3# No Co1-t !ha// 3-a t a y -e/ie4 to a y o44i$e- 1 de!1b+!e$tio "&# o- !1b+!e$tio ":# 1 /e!! it ha!% by oti$e !e-5ed i the ma e- !pe$i4ied by it% -e91i-ed the Re3i!t-aa d !1$h othepe-!o % i4 a y% a! it thi A! e$e!!a-y% to !ho0 $a1!e 0hy !1$h -e/ie4 !ho1/d ot be 3-a ted.
'3<. ENFORCEMENT OF OR*ERS OF CODRTS A y o-demade by a Co1-t 1 dethi! A$t may be e 4o-$ed i the !ame ma e- a! a de$-ee made by the Co1-t i a !1it pe di 3 the-ei . '3<A. ENFORCEMENT OF OR*ERS OF COMPANG CAW BOAR* A y o-demade by the Compa y Ca0 Boa-d & [BBB) may be e 4o-$ed by that Boa-d i the !ame ma e- a! i4 it 0e-e a de$-ee made by a Co1-t i a !1it pe di 3 the-ei % a d it !ha// be /a041/ 4o- that Boa-d to !e d% i the $a!e o4 it! i abi/ity to e,e$1te !1$h o-de-% to the Co1-t 0ithi the /o$a/ /imit! o4 0ho!e ;1-i!di$tio % + "a# i the $a!e o4 a o-de- a3ai !t a $ompa y% the -e3i!te-ed o44i$e o4 the $ompa y i! !it1ated% o"b# i the $a!e o4 a o-de- a3ai !t a y othepe-!o % the pe-!o $o $e- ed 5o/1 ta-i/y -e!ide!% o- $a--ie! o b1!i e!! o- pe-!o a//y 0o-A! 4o- 3ai . : [P-o5ided that the p-o5i!io ! o4 thi! !e$tio !ha// ot app/y o a d a4te- the $omme $eme t o4 the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. )
&. The 0o-d! a d 4i31-e! .1 de- !e$tio &>% !e$tio &8% !e$tio &9% !e$tio >9% !e$tio &<& o- !e$tio &8'. omitted by the Compa ie! "Ame dme t# A$t% &988 0.e.4. 3&+@+&99&. :. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. '3@. ENFORCEMENT OF OR*ERS OF ONE CODRT BG OT8ER CODRTS "&# Whe-e a y o-demade by o e Co1-t i! -e91i-ed to be e 4o-$ed by a othe- Co1-t% a $e-ti4ied $opy o4 the o-de- !ha// be p-od1$ed to the p-ope- o44i$e- o4 the Co1-t -e91i-ed to e 4o-$e the o-de-. ":# The p-od1$tio o4 !1$h $e-ti4ied $opy !ha// be !144i$ie t e5ide $e o4 the o-de-. "3# Dpo the p-od1$tio o4 !1$h $e-ti4ied $opy% the Co1-t !ha// taAe the -e91i!ite !tep! 4o- e 4o-$i 3 the o-de-% i the !ame ma e- a! i4 it had bee made by it!e/4. "<# Whe-e a y o-demade by the Compa y Ca0 Boa-d : [o- T-ib1 a/) & [BBB) i! -e91i-ed to be e 4o-$ed by a Co1-t% a $e-ti4ied $opy o4 the o-de- !ha// be p-od1$ed to the p-ope- o44i$e- o4 the Co1-t -e91i-ed to e 4o-$e the o-de- a d the
p-o5i!io ! o4 !1b+!e$tio ! ":# a d "3# !ha//% a! 4a- a! may be% app/y to e5e-y !1$h o-de- i the !ame ma ea d to the !ame e,te t a! they app/y to a o-demade by Co1-t. &. The 0o-d! a d 4i31-e! .1 de- !e$tio &>% !e$tio &8% !e$tio &9% !e$tio >9% !e$tio &<& o- !e$tio &8'. omitted by the Compa ie! "Ame dme t# A$t% &988 0.e.4. 3&+@+&99&. :. I !e-ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. '3@A. PROTECTION OF ACTS *ONE IN 7OO* FAIT8 No !1it% p-o!e$1tio o- othe- /e3a/ p-o$eedi 3 !ha// /ie a3ai !t the 7o5e- me t o- a y o44i$e- o4 7o5e- me t o- a y othepe-!o i -e!pe$t o4 a ythi 3 0hi$h i! i 3ood 4aith do e o- i te ded to be do e i p1-!1a $e o4 thi! A$t o- a y -1/e! o- o-de-! made the-e1 de-% o- i -e!pe$t o4 the p1b/i$atio by o- 1 de- the a1tho-ity o4 the 7o5e- me t o- !1$h o44i$e- o4 a y -epo-t% pape- o- p-o$eedi 3!. '3@AA. NON+*ISCCOSDRE OF INFORMATION IN CERTAIN CASES Not0ith!ta di 3 a ythi 3 $o tai ed i a y othe- /a0 4o- the time bei 3 i 4o-$e% the Re3i!t-a-% a y o44i$e- o4
7o5e- me t o- a y othepe-!o !ha// ot be $ompe//ed to di!$/o!e to a y Co1-t% T-ib1 a/ o- othea1tho-ity 0he $e he 3ot a y i 4o-matio 0hi$h + Pa3e :'( o4 33: "a# ha! /ed the Ce t-a/ 7o5e- me t to di-e$t a !pe$ia/ a1dit 1 de- !e$tio :33A o- to o-de- a i 5e!ti3atio 1 de!e$tio :3@% :3>% & [o- :<>) 2 o"b# i! o- ha! bee mate-ia/ o- -e/e5a t i $o e$tio 0ith !1$h !pe$ia/ a1dit o- i 5e!ti3atio . &. S1b!tit1ted 4o- 4i31-e! .:<>% :<8 o- :<9. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. Tempo-a-y p-ote$tio o4 emp/oyee! '3@B. PROTECTION OF EMPCOGEES *DRIN7 INFESTI7ATION BG INSPECTOR OR PEN*ENCG OF PROCEE*IN7 BEFORE CODRT IN CERTAIN CASES "&# I4 + "a# d1-i 3 the $o1-!e o4 a y i 5e!ti3atio o4 the a44ai-! a d othematte-! o4 o- -e/ati 3 to a $ompa y% body ope-!o 1 de- !e$tio :3@% !e$tio :3> o- !e$tio :39 o- o4 the membe-!hip a d othematte-! o4 o- -e/ati 3 to a $ompa y% o-
the o0 e-!hip o4 !ha-e! i o- debe t1-e! o4 a $ompa y o- body $o-po-ate% o- the a44ai-! a d othematte-! o4 o-e/ati 3 to a $ompa y% body o- pe-!o % 1 de- !e$tio :<> & [BBB) 2 o"b# d1-i 3 the pe de $y o4 a y p-o$eedi 3 a3ai !t a y pe-!o $o $e- ed i the $o d1$t a d ma a3eme t o4 the a44ai-! o4 a $ompa y 1 de- Chapte- IFA o4 Pa-t FI% !1$h $ompa y% body o- pe-!o p-opo!e! + "i# to di!$ha-3e% o"ii# to p1 i!h% 0hethe- by di!mi!!a/% -emo5a/% -ed1$tio i -a A o- othe-0i!e% a y emp/oyee% the $ompa y% body ope-!o % a! the $a!e may be% !ha// !e d by po!t to the : [T-ib1 a/) p-e5io1! i timatio i 0-iti 3 o4 the a$tio p-opo!ed a3ai !t the emp/oyee a d i4 the : [T-ib1 a/) ha! a y ob;e$tio to the a$tio p-opo!ed% it !ha// !e d by po!t oti$e the-eo4 i 0-iti 3 to the $ompa y% body o- pe-!o $o $e- ed. ":# I4 the $ompa y% body o- pe-!o $o $e- ed doe! ot -e$ei5e 0ithi thi-ty day! o4 the !e di 3 o4 the p-e5io1! i timatio o4 the a$tio p-opo!ed a3ai !t the emp/oyee% a y oti$e o4 the ob;e$tio 4-om the
3 [T-ib1 a/ )% the a d o /y the % the $ompa y% body o- pe-!o $o $e- ed may p-o$eed to taAe a3ai !t the emp/oyee the a$tio p-opo!ed. "3# I4 the $ompa y% body o- pe-!o $o $e- ed i! di!!ati!4ied 0ith the ob;e$tio -ai!ed by the 3 [T-ib1 a/)% it may% 0ithi thi-ty day! o4 the -e$eipt o4 the oti$e o4 the ob;e$tio % p-e4e- a appea/ to the < [App//ate T-ib1 a/) i the p-e!$-ibed ma e- a d o payme t o4 the p-e!$-ibed 4ee. "<# The de$i!io o4 the < [App//ate T-ib1 a/) o !1$h appea/ !ha// be 4i a/ a d be bi di 3 o the 3 [T-ib1 a/) a d o the $ompa y% body o- pe-!o $o $e- ed. "@# Fo- the -emo5a/ o4 do1bt% it i! he-eby de$/a-ed that the p-o5i!io ! o4 thi! !e$tio !ha// ha5e e44e$t 0itho1t p-e;1di$e to the p-o5i!io ! o4 a y othe- /a0 4o- the time bei 3 i 4o-$e. &. Wo-d! a d 4i31-e! .% !e$tio :<8 o- !e$tio :<9. omitted by the $ompa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((.
:. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. 3. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. <. S1b!tit1ted 4o- .Co1-t. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. Red1$tio o4 4ee! payab/e to $ompa y '3'. RE*DCTION OF FEES% C8AR7ES% ETC.% PAGABCE TO COMPANG "&# A $ompa y 0hi$h i! e tit/ed to a y !pe$i4ied 4ee% $ha-3e o- othe- !1m by 5i-t1e o4 a y p-o5i!io $o tai ed i thi! A$t o- i it! a-ti$/e!% may -ed1$e the amo1 t the-eo4 to !1$h e,te t a! it thi A! 4it 2 a d the-e1po !1$h p-o5i!io !ha//% !o /o 3 a! the -ed1$tio i! i 4o-$e% ha5e e44e$t a! i4 the -ed1$ed amo1 t had bee !1b!tit1ted 4o- the 4ee% $ha-3e o!1m !pe$i4ied i !1$h p-o5i!io . ":# A y -ed1$tio made 1 de- !1b+!e$tio "&# may% at a y time% be $a $e//ed o- 5a-ied by the $ompa y. *e/e3atio o4 po0e-! a d 41 $tio ! o4 Ce t-a/ 7o5e- me t
'3>. *ECE7ATION BG CENTRAC 7OFERNMENT OF ITS POWERS AN* FDNCTIONS DN*ER ACT & ["&# The Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% a d !1b;e$t to !1$h $o ditio !% -e!t-i$tio ! a d /imitatio ! a! may be !pe$i4ied the-ei % de/e3ate a y o4 it! po0e-! o- 41 $tio ! 1 dethi! A$t "othetha the po0e- to appoi t a pe-!o a! p1b/i$ t-1!tee 1 de!e$tio &@3A a d the po0e- to maAe -1/e!#% to !1$h a1tho-ity oo44i$e- a! may be !pe$i4ied i the oti4i$atio .) ":# The po0e-! a d 41 $tio ! 0hi$h $a ot be de/e3ated 1 de: [BBB) !1b+!e$tio "&# a-e tho!e $o 4e--ed by ome tio ed i the 4o//o0i 3 p-o5i!io ! o4 thi! A$t% ame/y% !e$tio ! &(% 8&% 89"<#% :&&"3# a d "<#% :&:% :&3% :3@% :3>% :39% :<&% :<:% :<3% :<<% :<@% :<>% 3 [BBB) :@(% :@9% :'8% :'9% :><":#% :9@% 3((% 3&(% 3&&% < [BBB) 3<9% @ [BBB) 3>:% 39'% 399"<# a d "@#% <(&% <(8% '
[BBB) <&(% <&&"b#% <<8% '(9% '&3% ':(% '38% '<& a d '<:. ":A# [Omitted by the Compa ie! "Ame dme t# A$t% &988% 0. e. 4. 3&+@+&99&.) "3# A $opy o4 e5e-y oti4i$atio i!!1ed 1 de- !1b+ !e$tio "&# !ha//% a! !oo a! may be a4te- it i! i!!1ed% be p/a$ed be4o-e both 8o1!e! o4 Pa-/iame t. Pa3e :'& o4 33: &. S1b!tit1ted by the Compa ie! "Ame dme t# A$t% &988 0.e.4. 3&+@+&99&. :. The 0o-d! EE$/a1!e "b# o4?? omitted by the Compa ie! "Ame dme t# A$t% &988 0.e.4. 3&+@+&99&. 3. Fi31-e EE:<8% :<9%?? omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. <. Fi31-e EE3:<% 3:'% 3:8% 3:9% 33:% 3<3% 3<@% 3<'% 3<>":#%?? omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. @. Fi31-e EE3@:% 3'9%?? omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. '. Fi31-e EE<(9%?? omitted by the Compa ie! "Ame dme t# A$t% &988 0.e.4. 3&+@+&99&. 7-a t o4 app-o5a/% et$.% !1b;e$t to $o ditio ! a d /e5y o4 4ee! o app/i$atio ! & ['3>A. POWER OF CENTRAC 7OFERNMENT OR TRIBDNAC TO ACCOR* APPROFAC% ETC.% SDBIECT TO
CON*ITIONS AN* TO PRESCRIBE FEES ON APPCICATIONS "&# Whe-e the Ce t-a/ 7o5e- me t o- T-ib1 a/ i! -e91i-ed o- a1tho-i!ed by a y p-o5i!io o4 thi! A$t% + "a# to a$$o-d app-o5a/% !a $tio % $o !e t% $o 4i-matio o- -e$o3 itio to o- i -e/atio to% a y matte- 2 o"b# to 3i5e a y di-e$tio i -e/atio to a y matte-2 o"$# to 3-a t a y e,emptio i -e/atio to a y matte-% the % i the ab!e $e o4 a ythi 3 to the $o t-a-y $o tai ed i !1$h o- a y othe- p-o5i!io o4 thi! A$t% the Ce t-a/ 7o5e- me t o- T-ib1 a/ may a$$o-d% 3i5e o- 3-a t !1$h app-o5a/% !a $tio % $o !e t% $o 4i-matio % -e$o3 itio % di-e$tio o- e,emptio % !1b;e$t to !1$h $o ditio !% /imitatio ! o- -e!t-i$tio ! a! it may thi A 4it to impo!e a d may% i the $a!e o4 $o t-a5e tio o4 a y !1$h $o ditio % /imitatio o- -e!t-i$tio % -e!$i d o- 0ithd-a0 !1$h app-o5a/% !a $tio % $o !e t% $o 4i-matio % -e$o3 itio % di-e$tio oe,emptio . ":# Sa5e a! othe-0i!e e,p-e!!/y p-o5ided i thi! A$t% e5e-y app/i$atio 0hi$h may be% o- i! -e91i-ed to be% made to the Ce t-a/ 7o5e- me t o- T-ib1 a/ 1 de- a y p-o5i!io o4 thi! A$t+ "a# i -e!pe$t o4 a y app-o5a/% !a $tio % $o !e t% $o 4i-matio o- -e$o3 itio to be a$$o-ded by that 7o5e- me t oT-ib1 a/ to% o- i -e/atio to% a y matte- 2 o-
"b# i -e!pe$t o4 a y di-e$tio o- e,emptio to be 3i5e o- 3-a ted by that 7o5e- me t o- T-ib1 a/ i -e/atio to a y matte- 2 o"$# i -e!pe$t o4 a y othematte-% !ha// be a$$ompa ied by !1$h 4ee a! may be p-e!$-ibed = P-o5ided that di44e-e t 4ee! may be p-e!$-ibed 4oapp/i$atio ! i -e!pe$t o4 di44e-e t matte-! o- i $a!e o4 app/i$atio ! by $ompa ie!% 4o- app/i$atio ! by di44e-e t $/a!!e! o4 $ompa ie!.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio !e$tio '3>A -ead a! 1 de- = .'3>A. Po0e- o4 Ce t-a/ 7o5e- me t o- Compa y Ca0 Boa-d to a$$o-d app-o5a/% et$.% !1b;e$t to $o ditio ! a d to p-e!$-ibe 4ee! o app/i$atio !. + "&# Whe-e the Ce t-a/ 7o5e- me t o- Compa y Ca0 Boa-d i! -e91i-ed o- a1tho-i!ed by a y p-o5i!io o4 thi! A$t% + "a# to a$$o-d app-o5a/% !a $tio % $o !e t% $o 4i-matio o- -e$o3 itio to o- i -e/atio to% a y matte- 2 "b# to 3i5e a y di-e$tio i -e/atio to a y matte- 2 o"$# to 3-a t a y e,emptio i -e/atio to a y matte-% the % i the ab!e $e o4 a ythi 3 to the $o t-a-y $o tai ed i !1$h o- a y othe- p-o5i!io o4 thi! A$t% the
Ce t-a/ 7o5e- me t o- Compa y Ca0 Boa-d may a$$o-d% 3i5e o- 3-a t !1$h app-o5a/ !a $tio % $o !e t% $o 4i-matio % -e$o3 itio % di-e$tio oe,emptio % !1b;e$t to !1$h $o ditio !% /imitatio ! o-e!t-i$tio ! a! it may thi A 4it to impo!e a d may% i the $a!e o4 $o t-a5e tio o4 a y !1$h $o ditio % /imitatio o- -e!t-i$tio % -e!$i d o- 0ithd-a0 !1$h app-o5a/% !a $tio % $o !e t% $o 4i-matio % -e$o3 itio % di-e$tio o- e,emptio . ":# Sa5e a! othe-0i!e e,p-e!!/y p-o5ided i thi! A$t% e5e-y app/i$atio 0hi$h may be% o- i! -e91i-ed to be% made to the Ce t-a/ 7o5e- me t o- Compa y Ca0 Boa-d 1 de- a y p-o5i!io o4 thi! A$t + "a# i -e!pe$t o4 a y app-o5a/% !a $tio % $o !e t% $o 4i-matio o- -e$o3 itio to be a$$o-ded by that 7o5e- me t o- Boa-d to% o- i -e/atio to% a y matte- 2 o"b# i -e!pe$t o4 a y di-e$tio o- e,emptio to be 3i5e o- 3-a ted by that 7o5e- me t o- Boa-d i -e/atio to a y matte- 2 o"$# i -e!pe$t o4 a y othematte-% !ha// be a$$ompa ied by !1$h 4ee a! may be p-e!$-ibed = P-o5ided that di44e-e t 4ee! may be p-e!$-ibed 4oapp/i$atio ! i -e!pe$t o4 di44e-e t matte-! o- i $a!e o4 app/i$atio ! by $ompa ie!% 4o- app/i$atio ! by di44e-e t $/a!!e! o4 $ompa ie!.. '3>AA. POWER OF CENTRAC 7OFERNMENT TO FIK A CIMIT WIT8 RE7AR* TO REMDNERATION
Not0ith!ta di 3 a ythi 3 $o tai ed i !e$tio &98% !e$tio 3(9 o!e$tio '3>A% the Ce t-a/ 7o5e- me t may% 0hi/e a$$o-di 3 it! app-o5a/ 1 de- !e$tio :'9% to a y appoi tme t o- to a y -em1 e-atio 1 de- !e$tio 3(9% !e$tio 3&(% !e$tio 3&& o- !e$tio 38>% 4i, the -em1 e-atio o4 the pe-!o !o appoi ted o- the -em1 e-atio % a! the $a!e may be% 0ithi the /imit! !pe$i4ied i thi! A$t% at !1$h amo1 t ope-$e ta3e o4 p-o4it! o4 the $ompa y% a! it may deemed 4it a d 0hi/e 4i,i 3 the -em1 e-atio % the Ce t-a/ 7o5e- me t !ha// ha5e -e3a-d to + "a# the 4i a $ia/ po!itio o4 the $ompa y 2 Pa3e :': o4 33: "b# the -em1 e-atio o- $ommi!!io d-a0 by the i di5id1a/ $o $e- ed i a y othe- $apa$ity% i $/1di 3 hi! $apa$ity a! a !o/e !e//i 3 a3e t 2 "$# the -em1 e-atio o$ommi!!io d-a0 by him 4-om a y othe- $ompa y 2 "d# p-o4e!!io a/ 91a/i4i$atio ! a d e,pe-ie $e o4 the i di5id1a/ $o $e- ed 2 "e# p1b/i$ po/i$y -e/ati 3 to the -emo5a/ o4 di!pa-itie! i i $ome. '3>B. CON*ONATION OF *ECAGS IN CERTAIN CASES Not0ith!ta di 3 a ythi 3 $o tai ed i thi! A$t% +
"a# 0he-e a y app/i$atio -e91i-ed to be made to the Ce t-a/ 7o5e- me t 1 de- a y p-o5i!io o4 thi! A$t i -e!pe$t o4 a y matte- i! ot made 0ithi the time !pe$i4ied the-ei % that 7o5e- me t may% 4o- -ea!o ! to be -e$o-ded i 0-iti 3% $o do e the de/ay 2 "b# 0he-e a y do$1me t -e91i-ed to be 4i/ed 0ith the Re3i!t-a- 1 de- a y p-o5i!io o4 thi! A$t i! ot 4i/ed 0ithi the time !pe$i4ied the-ei % the Ce t-a/ 7o5e- me t may% 4o- -ea!o ! to be -e$o-ded i 0-iti 3% $o do e the de/ay. A 1a/ -epo-t o 0o-Ai 3 o4 A$t
'38. ANNDAC REPORT BG CENTRAC 7OFERNMENT The Ce t-a/ 7o5e- me t !ha// $a1!e a 3e e-a/ a 1a/ -epo-t o the 0o-Ai 3 a d admi i!t-atio o4 thi! A$t to be p-epa-ed a d /aid be4o-e both 8o1!e! o4 Pa-/iame t% 0ithi o e yea- o4 the $/o!e o4 the yea- to 0hi$h the -epo-t -e/ate!. '39. ANNDAC REPORTS COMPANIES TO BE PARCIAMENT% ETC ON 7OFERNMENT PCACE* BEFORE
[The !e$tio a d headi 3 abo5e it% 5iJ.% .A 1a/ -epo-t! o 7o5e- me t $ompa ie!. omitted by the Compa ie! "Ame dme t# A$t% &9'(.) Fa/idatio o4 -e3i!t-atio o4 4i-m! i $e-tai $a!e! '<(. FACI*ATION OF RE7ISTRATION OF FIRMS AS MEMBERS OF C8ARITABCE AN* OT8ER COMPANIES A y 4i-m 0hi$h !tood -e3i!te-ed at the $omme $eme t o4 thi! A$t% a! a membe- o4 a y a!!o$iatio o$ompa y /i$e !ed 1 de- !e$tio :' o4 the I dia Compa ie! A$t% &9&3 "> o4 &9&3#% !ha// be deemed to ha5e bee 5a/id/y !o -e3i!te-ed 0ith e44e$t o a d 4-om the date o4 it! -e3i!t-atio .
Comp1tatio o4 time 4o- 4i/i 3 o-de-! o4 Co1-t & [o- the : "T-ib1 a/#) 3 ['<(A. EKCCDSION OF TIME REHDIRE* IN OBTAININ7 COPIES OF OR*ER OF CODRT OR TRIBDNAC
E,$ept a! e,p-e!!/y p-o5ided i thi! beha/4 e/!e0he-e i thi! A$t% 0he-e by a y p-o5i!io o4 thi! A$t% a y o-de- o4 the Co1-t o- T-ib1 a/ i! -e91i-ed to be 4i/ed 0ith the Re3i!t-a-% o- a $ompa y o- a y othepe-!o 0ithi a pe-iod !pe$i4ied the-ei % the % i $omp1ti 3 that pe-iod% the time taAe i d-a0i 3 1p the o-de- a d i obtai i 3 a $opy the-eo4 !ha// be e,$/1ded.) &. I !e-ted by the Compa ie! "Ame dme t# A$t% &988 0.e.4. 3&+@+&99&. :. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. 3. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio !e$tio '<(A -ead a! 1 de- = .'<(A. E,$/1!io o4 time -e91i-ed i obtai i 3 $opie! o4 o-de-! o4 Co1-t o- the Compa y Ca0 Boa-d. + E,$ept a! e,p-e!!/y p-o5ided i thi! beha/4 e/!e0he-e i thi! A$t 0he-e by a y p-o5i!io o4 thi! A$t% a y o-de- o4 the Co1-t o- the Compa y Ca0 Boa-d i! -e91i-ed to be 4i/ed 0ith the Re3i!t-a-% o- a $ompa y o- a y othepe-!o 0ithi a pe-iod !pe$i4ied the-ei % the % i $omp1ti 3 that pe-iod%
the time taAe i d-a0i 3 1p the o-de- a d i obtai i 3 a $opy the-eo4 !ha// be e,$/1ded.. S$hed1/e!% 4o-m! a d -1/e! '<(B. FORMS OF% AN* PROCE*DRE IN RECATION TO% CERTAIN APPCICATIONS "&# E5e-y app/i$atio made to the Ce t-a/ 7o5e- me t 1 de- !e$tio :@9% :'8% :'9% 3&( & [o- 3&&) !ha// be i !1$h 4o-m a! may be p-e!$-ibed. ":# "a# Be4o-e a y app/i$atio i! made by a $ompa y to the Ce t-a/ 7o5e- me t 1 de- a y o4 the !e$tio ! a4o-e!aid% the-e !ha// be i!!1ed by o- o beha/4 o4 the $ompa y a 3e e-a/ oti$e to the membe-! the-eo4% i di$ati 3 the at1-e o4 the app/i$atio p-opo!ed to be made. "b# S1$h oti$e !ha// be p1b/i!hed at /ea!t o $e i a e0!pape- i the p-i $ipa/ /a 31a3e o4 the di!t-i$t i 0hi$h the -e3i!te-ed o44i$e o4 the $ompa y i! !it1ate a d $i-$1/ati 3 i that di!t-i$t% a d at /ea!t o $e i E 3/i!h i a E 3/i!h e0!pape- $i-$1/ati 3 i that di!t-i$t. "$# Copie! o4 the oti$e!% to3ethe- 0ith a $e-ti4i$ate by the $ompa y a! to the d1e p1b/i$atio the-eo4% !ha// be atta$hed to the app/i$atio .
"d# : [BBB) Pa3e :'3 o4 33: &. S1b!tit1ted 4o- .% 3&&% 3:'% 3:8% 3:9% 33:% 3<3% 3<@% 3<' o- 3@:. by the Compa ie! "Ame dme t# A$t% :(((% 0.e.4. &3+&:+:(((. :. Omitted by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. P-io- to it! omi!!io $/a1!e "d# -ead a! 1 de- = ."d# Nothi 3 i $/a1!e "a#% "b# o- "$# !ha// app/y to a p-i5ate $ompa y 0hi$h i! ot the ma a3i 3 a3e t o4 a p1b/i$ $ompa y.. '<&. POWER TO ACTER SC8E*DCES "&# S1b;e$t to the p-o5i!io ! o4 thi! !e$tio % the Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% a/tea y o4 the -e31/atio !% -1/e!% tab/e!% 4o-m! a d othep-o5i!io ! $o tai ed i a y o4 the S$hed1/e! to thi! A$t% e,$ept S$hed1/e! KI a d KII. ":# A y a/te-atio oti4ied 1 de- !1b+!e$tio "&# !ha// ha5e e44e$t a! i4 e a$ted i thi! A$t a d !ha// $ome i to 4o-$e o the date o4 the oti4i$atio % 1 /e!! the oti4i$atio othe-0i!e di-e$t! = P-o5ided that o !1$h a/te-atio i Tab/e A o4 S$hed1/e I !ha// app/y to a y $ompa y -e3i!te-ed be4o-e the date o4
!1$h a/te-atio . "3# E5e-y a/te-atio made by the Ce t-a/ 7o5e- me t 1 de- !1b+!e$tio "&# !ha// be /aid a! !oo a! may be a4te- it i! made be4o-e ea$h 8o1!e o4 Pa-/iame t 0hi/e it i! i !e!!io 4o- a tota/ pe-iod o4 thi-ty day! 0hi$h may be $omp-i!ed i o e !e!!io o- i t0o o- mo-e !1$$e!!i5e !e!!io !% a d i4% be4o-e the e,pi-y o4 the !e!!io immediate/y 4o//o0i 3 the !e!!io o- the !1$$e!!i5e !e!!io ! a4o-e!aid% both 8o1!e! a3-ee i maAi 3 a y modi4i$atio i the a/te-atio % o- both 8o1!e! a3-ee that the a/te-atio !ho1/d ot be made% the a/te-atio !ha// the-ea4te- ha5e e44e$t o /y i !1$h modi4ied 4o-m o- be o4 o e44e$t% a! the $a!e may be% !o% ho0e5e-% that a y !1$h modi4i$atio o- a 1/me t !ha// be 0itho1t p-e;1di$e to the 5a/idity o4 a ythi 3 p-e5io1!/y do e i p1-!1a $e o4 that a/te-atio . '<:. POWER OF CENTRAC 7OFERNMENT TO MA6E RDCES "&# I additio to the po0e-! $o 4e--ed by !e$tio '<&% the Ce t-a/ 7o5e- me t may% by oti4i$atio i the O44i$ia/ 7aJette% maAe -1/e! + "a# 4o- a// o- a y o4 the matte-! 0hi$h by thi! A$t a-e to be% o- may be% p-e!$-ibed by the Ce t-a/ 7o5e- me t 2 a d
"b# 3e e-a//y to $a--y o1t the p1-po!e! o4 thi! A$t. ":# A y -1/e made 1 de- !1b+!e$tio "&# may p-o5ide that a $o t-a5e tio the-eo4 !ha// be p1 i!hab/e 0ith 4i e 0hi$h may e,te d to & [4i5e tho1!a d) -1pee! a d 0he-e the $o t-a5e tio i! a $o ti 1i 3 o e% 0ith a 41-the- 4i e 0hi$h may e,te d to : [4i5e h1 d-ed) -1pee! 4o- e5e-y day a4te- the 4i-!t d1-i 3 0hi$h !1$h $o t-a5e tio $o ti 1e!. "3# E5e-y -1/e made by the Ce t-a/ 7o5e- me t 1 de!1b+!e$tio "&# !ha// be /aid a! !oo a! may be a4te- it i! made be4o-e ea$h 8o1!e o4 Pa-/iame t 0hi/e it i! i !e!!io 4o- a tota/ pe-iod o4 thi-ty day! 0hi$h may be $omp-i!ed i o e !e!!io o- i t0o o- mo-e !1$$e!!i5e !e!!io !% a d i4% be4o-e the e,pi-y o4 the !e!!io immediate/y 4o//o0i 3 the !e!!io o- the !1$$e!!i5e !e!!io ! a4o-e!aid% both 8o1!e! a3-ee i maAi 3 a y modi4i$atio i the -1/e oboth 8o1!e! a3-ee that the -1/e !ho1/d ot be made% the -1/e !ha// the-ea4te- ha5e e44e$t o /y i !1$h modi4ied 4o-m o- be o4 o e44e$t% a! the $a!e may be% !o% ho0e5e-% that a y !1$h modi4i$atio o- a 1/me t !ha// be 0itho1t p-e;1di$e to the 5a/idity o4 a ythi 3 p-e5io1!/y do e 1 de- that -1/e.
3 ["<# E5e-y -e31/atio made by the Se$1-itie! a d E,$ha 3e Boa-d o4 I dia a! 1 dethi! A$t !ha// be /aid% !oo a! may be a4te- it i! made% be4o-e ea$h 8o1!e o4 Pa-/iame t% 0hi/e it i! i !e!!io % 4o- a tota/ pe-iod o4 thi-ty day! 0hi$h may be $omp-i!ed i o e !e!!io o- i t0o o- mo-e !1$$e!!i5e !e!!io !% a d i4% be4o-e the e,pi-y o4 the !e!!io immediate/y 4o//o0i 3 the !e!!io o- the !1$$e!!i5e !e!!io ! a4o-e!aid% both 8o1!e! a3-ee i maAi 3 a y modi4i$atio i the -e31/atio o- both 8o1!e! a3-ee that the -e31/atio !ho1/d ot be made% the -e31/atio !ha// the-ea4te- ha5e e44e$t o /y i !1$h modi4ied 4o-m o- be o4 o e44e$t% a! the $a!e may be 2 !o% ho0e5e-% that a y !1$h modi4i$atio o- a 1/me t !ha// be 0itho1t p-e;1di$e to the 5a/idity o4 a ythi 3 p-e5io1!/y do e 1 de- that -e31/atio .) &. S1b!tit1ted 4o- .4i5e h1 d-ed. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. :. S1b!tit1ted 4o- .4i4ty. by the Compa ie! "Ame dme t# A$t% :((( 0.e.4. &3+&:+:(((. 3. I !e-ted by the Compa ie! "Ame dme t# A$t% &999 0.-.e.4. 3&+&(+&998. &
['<3. POWERS OF CENTRAC 7OFERNMENT TO MA6E RDCES RECATIN7 TO WIN*IN7 DP "&# The Ce t-a/ 7o5e- me t !ha//% maAe -1/e! $o !i!te t 0ith the Code o4 Ci5i/ P-o$ed1-e% &9(8 "@ o4 &9(8#% p-o5idi 3 4o- a// matte-! -e/ati 3 to the 0i di 3 1p o4 $ompa ie!% 0hi$h by thi! A$t% a-e to be p-e!$-ibed% a d may maAe -1/e! p-o5idi 3 4o- a// !1$h matte-!% a! may be p-e!$-ibed. ":# I pa-ti$1/a- a d 0itho1t p-e;1di$e to the 3e e-a/ity o4 the 4o-3oi 3 po0e-% !1$h -1/e may p-o5ide 4o- a// oa y o4 the 4o//o0i 3 matte-!% ame/y=+ "i# a! to the mode o4 p-o$eedi 3! to be he/d 4o0i di 3 1p o4 a $ompa y by the T-ib1 a/ 2 "ii# 4o- the 5o/1 ta-y 0i di 3 1p o4 $ompa ie!% 0hetheby membe-! o- by $-edito-! 2 "iii# 4o- the ho/di 3 o4 meeti 3! o4 $-edito-! a d membe-! i $o e$tio 0ith p-o$eedi 3! 1 de!e$tio 39& 2 "i5# 4o- 3i5i 3 e44e$t to the p-o5i!io ! o4 thi! A$t a! to the -ed1$tio o4 the $apita/ 2 "5# 3e e-a//y 4o- a// app/i$atio ! to be made to the T-ib1 a/ 1 de- the p-o5i!io ! o4 thi! A$t 2 "5i# the ho/di 3 a d $o d1$ti 3 o4 meeti 3! to a!$e-tai the 0i!he! o4 $-edito-! a d $o t-ib1to-ie! 2 "5ii# the !ett/i 3 o4 /i!t! o4 $o t-ib1to-ie! a d the -e$ti4yi 3 o4 the -e3i!te- o4 membe-! 0he-e -e91i-ed a d $o//e$ti 3 a d app/yi 3 the a!!et! 2
"5iii# the payme t% de/i5e-y% $o 5eya $e% !1--e de- ot-a !4e- o4 mo ey% p-ope-ty% booA! o- pape-! to the /i91idato- 2 "i,# the maAi 3 o4 $a//! 2 a d Pa3e :'< o4 33: ",# the 4i,i 3 o4 a time 0ithi 0hi$h debt! a d $/aim! !ha// be p-o5ed. "3# A// -1/e! made by the S1p-eme Co1-t o the matte-! -e4e--ed to i thi! !e$tio a! it !tood immediate/y be4o-e the $omme $eme t o4 the Compa ie! "Se$o d Ame dme t# A$t% :((:% a d i 4o-$e at !1$h $omme $eme t !ha// $o ti 1e to be i 4o-$e% i !o4a- a! they a-e ot i $o !i!te t 0ith the p-o5i!io ! o4 thi! A$t% ti// !1$h time the -1/e! a-e made by the Ce t-a/ 7o5e- me t a d a y -e4e-e $e to the 8i3h Co1-t i -e/atio to 0i di 3 1p o4 a $ompa y i !1$h -1/e! !ha// be $o !t-1ed a! a -e4e-e $e to the T-ib1 a/.) &. S1b!tit1ted by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. P-io- to it! !1b!tit1tio !e$tio '<3 -ead a! 1 de-= .'<3. Po0e- o4 S1p-eme Co1-t to maAe R1/e!. + "&# The S1p-eme Co1-t% a4te- $o !1/ti 3 the 8i3h Co1-t!% + "a# !ha// maAe -1/e! p-o5idi 3 4o- a// matte-! -e/ati 3 to the 0i di 3+ 1p o4 $ompa ie! 0hi$h% by thi! A$t%
a-e to be p-e!$-ibed 2 a d may maAe -1/e! p-o5idi 3 4o- a// !1$h matte-! a! may be p-e!$-ibed% e,$ept tho!e -e!e-5ed to the Ce t-a/ 7o5e- me t by !1b+ !e$tio "@# o4 !e$tio @(3% !1b+!e$tio "3# o4 !e$tio @@(% !e$tio @@: a d !1b+!e$tio "3# o4 !e$tio @@@ 2 a d "b# may maAe -1/e! $o !i!te t 0ith the Code o4 Ci5i/ P-o$ed1-e% /9(8 "@ o4 &9(8#% + "i# a! to the mode o4 p-o$eedi 3! to be had 4o- 0i di 3 1p a $ompa y i 8i3h Co1-t! a d i Co1-t! !1bo-di ate the-eto 2 "ii# 4o- the 5o/1 ta-y 0i di 3 1p o4 $ompa ie!% 0hetheby membe-! o- by $-edito-! 2 "iii# 4o- the ho/di 3 o4 meeti 3! o4 $-edito-! a d membe-! i $o e$tio 0ith p-o$eedi 3! 1 de!e$tio 39& 2 "i5# 4o- 3i5i 3 e44e$t to the p-o5i!io ! o4 thi! A$t a! to the -ed1$tio o4 the $apita/ 2 a d "5# 3e e-a//y 4o- a// app/i$atio ! to be made to the Co1-t 1 de- the p-o5i!io ! o4 thi! A$t. ":# Witho1t p-e;1di$e to the 3e e-a/ity o4 the 4o-e3oi 3 po0e-% the S1p-eme Co1-t may% by !1$h -1/e!% e ab/e o- -e91i-e a// o- a y o4 the po0e-! a d d1tie! $o 4e--ed a d impo!ed o the Co1-t by thi! A$t% i -e!pe$t o4 the 4o//o0i 3 matte-!% that i! to !ay = "a# the ho/di 3 a d $o d1$ti 3 o4 meeti 3! to a!$e-tai the 0i!he! o4 $-edito-! a d $o t-ib1to-ie! 2 "b# the !ett/i 3 o4 /i!t! o4 $o t-ib1to-ie! a d the -e$ti4yi 3 o4 the -e3i!te- o4 membe-! 0he-e -e91i-ed% a d $o//e$ti 3 a d app/yi 3 the a!!et! 2
"$# the payme t% de/i5e-y% $o 5eya $e% !1--e de- ot-a !4e- o4 mo ey% p-ope-ty% booA! opape-! to the /i91idato- 2 "d# the maAi 3 o4 $a//! 2 a d "e# the 4i,i 3 o4 a time 0ithi 0hi$h debt! a d $/aim! !ha// bep-o5ed 2 to be e,e-$i!ed o- pe-4o-med by the o44i$ia/ /i91idatoo- a y othe- /i91idato- a! a o44i$e- o4 the Co1-t% a d !1b;e$t to the $o t-o/ o4 the Co1-t = P-o5ided that the /i91idato- !ha// ot% 0itho1t the !pe$ia/ /ea5e o4 the Co1-t% -e$ti4y the -e3i!te- o4 membe-! o- maAe a y $a//. "3# D ti/ -1/e! a-e made by the S1p-eme Co1-t a! a4o-e!aid% a// -1/e! made by a y 8i3h Co1-t o the matte-! -e4e--ed to i thi! !e$tio a d i 4o-$e at the $omme $eme t o4 thi! A$t% !ha// $o ti 1e to be i 4o-$e i !o4a- a! they a-e ot i $o !i!te t 0ith the p-o5i!io ! o4 thi! A$t i that 8i3h Co1-t a d i Co1-t! !1bo-di ate the-eto. "<# A// -1/e! made by the Ce t-a/ 7o5e- me t 1 de!1b+!e$tio "&# o4 !e$tio @<9 a d i 4o-$e immediate/y be4o-e the $omme $eme t o4 the Compa ie! "Ame dme t# A$t% &9'( !ha// $o ti 1e i 4o-$e a d be deemed to ha5e bee made by the S1p-eme Co1-t 1 /e!! a d 1 ti/ they a-e !1pe-!eded by -1/e! made by the S1p-eme Co1-t a4te- !1$h $omme $eme t.. Repea/! a d !a5i 3!
'<<. REPEAC OF ACTS SPECIFIE* IN SC8E*DCE KII The e a$tme t! me tio ed i S$hed1/e KII a-e he-eby -epea/ed. '<@. SAFIN7 OF OR*ERS% RDCES% ETC.% IN FORCE AT COMMENCEMENT OF ACT Nothi 3 i thi! A$t !ha// a44e$t a y o-de-% -1/e% -e31/atio % appoi tme t% $o 5eya $e% mo-t3a3e% deed% do$1me t oa3-eeme t made% 4ee di-e$ted% -e!o/1tio pa!!ed% di-e$tio 3i5e % p-o$eedi 3 taAe % i !t-1me t e,e$1ted o- i!!1ed% othi 3 do e% 1 de- o- i p1-!1a $e o4 a y p-e5io1! $ompa ie! /a0 2 b1t a y !1$h o-de-% -1/e% -e31/atio % appoi tme t% $o 5eya $e% mo-t3a3e% deed% do$1me t% a3-eeme t% 4ee% -e!o/1tio % di-e$tio % p-o$eedi 3% i !t-1me t othi 3 !ha//% i4 i 4o-$e at the $omme $eme t o4 thi! A$t% $o ti 1e to be i 4o-$e% a d !o 4a- a! it $o1/d ha5e bee made% di-e$ted% pa!!ed% 3i5e % taAe % e,e$1ted% i!!1ed o- do e 1 deo- i p1-!1a $e o4 thi! A$t% !ha// ha5e e44e$t a! i4 made% di-e$ted% pa!!ed% 3i5e % taAe % e,e$1ted% i!!1ed odo e 1 de- o- i p1-!1a $e o4 thi! A$t. '<'. SAFIN7 OF OPERATION OF SECTION &38 OF ACT > OF &9&3
Nothi 3 i thi! A$t !ha// a44e$t the ope-atio o4 !e$tio &38 o4 the I dia Compa ie! A$t% &9&3 "> o4 &9&3#% a! -e!pe$t! i !pe$to-!% o- a! -e!pe$t! the $o ti 1atio o4 a i !pe$tio be31 by i !pe$to-!% appoi ted be4o-e the $omme $eme t o4 thi! A$t% a d the p-o5i!io ! o4 thi! A$t !ha// app/y to o- i -e/atio to a -epo-t o4 i !pe$to-! Pa3e :'@ o4 33: appoi ted 1 de- the !aid !e$tio &38 a! they app/y to o- i -e/atio to a -epo-t o4 i !pe$to-! appoi ted 1 de!e$tio :3@ o- :3> o4 thi! A$t. '<>. SAFIN7 OF PEN*IN7 PROCEE*IN7S FOR WIN*IN7 DP Whe-e the 0i di 3 1p o4 a $ompa y ha! $omme $ed be4o-e the $omme $eme t o4 thi! A$t + "i# !1b+!e$tio "># o4 !e$tio @@@ !ha// app/y i -e!pe$t o4 a y mo ey! paid i to the Compa ie! Ci91idatio A$$o1 t 0hethe- be4o-e o- a4te- !1$h $omme $eme t 2 a d "ii# the othe- p-o5i!io ! 0ith -e!pe$t to 0i di 3 1p $o tai ed i thi! A$t !ha// ot app/y% b1t the $ompa y !ha// be 0o1 d 1p i the !ame ma e- a d 0ith the !ame i $ide t! a! i4 thi! A$t had ot bee pa!!ed = P-o5ided that 0he-e the p-o$eedi 3! i a y !1$h 0i di 3 1p a-e pe di 3 at the $omme $eme t o4 the Compa ie! "Ame dme t# A$t% &9'(% +
"a# !e$tio ! <'3% @(:% @&@ a d @:< !ha//% a! 4a- a! may be% a/!o app/y i -e/atio the-eto 2 "b# the /i91idato- appoi ted by the Co1-t a d 41 $tio i 3 i a y !1$h 0i di 3 1p !ha// i !1$h ma e- a d at !1$h time a! may be p-e!$-ibed by the Ce t-a/ 7o5e- me t% pay the mo ey! -e$ei5ed by him a! !1$h /i91idato-% i to the p1b/i$ a$$o1 t o4 I dia i the Re!e-5e Ba A o4 I dia. & ['<>A. TRANSFER OF WIN*IN7 DP PROCEE*IN7S TO TRIBDNAC A// p-o$eedi 3! "i $/1di 3 p-o$eedi 3! -e/ati 3 to a-bit-atio % $omp-omi!e!% a--a 3eme t! a d -e$o !t-1$tio a d 0i di 3 1p o4 a $ompa y# pe di 3 be4o-e the $omme $eme t o4 the Compa ie! "Se$o d Ame dme t# A$t% :((: be4o-e a y *i!t-i$t Co1-t o- 8i3h Co1-t% 1 dethi! A$t% o- the I !1-a $e A$t% &938 "< o4 &938#o- a y othe- /a0 4o- the time bei 3 i 4o-$e othetha 1 de- the Ba Ai 3 Re31/atio A$t% &9<9 "&( o4 &9<9#% !ha// be t-a !4e--ed to the T-ib1 a/ 4-om the date to be oti4ied by the Ce t-a/ 7o5e- me t% i the O44i$ia/ 7aJette% a d the T-ib1 a/ may p-o$eed 0ith the matte- eithe- de o5o o- 4-om the !ta3e it 0a! !o t-a !4e--ed =
P-o5ided that 0he-e the 0i di 3 1p o4 a $ompa y ha! $omme $ed% !1b;e$t to the !1pe-5i!io o4 the *i!t-i$t Co1-t oa 8i3h Co1-t% be4o-e the $omme $eme t o4 the Compa ie! "Se$o d Ame dme t# A$t% :((:% !1$h 0i di 3 1p !ha// $o ti 1e to be 1 de- the !1pe-5i!io o4 the *i!t-i$t Co1-t o- the 8i3h Co1-t% a! the $a!e may be% a d the $ompa y !ha// be 0o1 d 1p i the !ame ma e- a d i the !ame i $ide t! a! i4 the Compa ie! "Se$o d Ame dme t# A$t% :((: had ot bee pa!!ed.) &. I !e-ted by Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. '<8. SAFIN7 OF PROSECDTIONS INSTITDTE* BG% CIHDI*ATOR OR CODRT DN*ER SECTION :3> OF ACT > OF &9&3 Nothi 3 i thi! A$t !ha// a44e$t a y p-o!e$1tio i !tit1ted o- o-de-ed by the Co1-t to be i !tit1ted 1 de!e$tio :3> o4 the I dia Compa ie! A$t% &9&3 "> o4 &9&3# 2 a d the Co1-t !ha// ha5e the !ame po0e- o4 di-e$ti 3 ho0 a y $o!t!% $ha-3e!% a d e,pe !e! p-ope-/y i $1--ed i a y !1$h p-o!e$1tio a-e to be de4-ayed a! it 0o1/d ha5e had% i4 thi! A$t had ot bee pa!!ed.
'<9. CONSTRDCTION OF REFERENCES TO FORMER ENACTMENTS IN *OCDMENTS A y do$1me t -e4e--i 3 to a y 4o-me- e a$tme t -e/ati 3 to $ompa ie! !ha// be $o !t-1ed a! -e4e--i 3 to the $o--e!po di 3 e a$tme t i thi! A$t. '@(. CONSTRDCTION OF .RE7ISTRAR OF IOINT STOC6 COMPANIES. IN ACT :& OF &8'( [Omitted by the Compa ie! "Ame dme t# A$t% &9'(.) '@&. CONSTRDCTION OF REFERENCES TO EKTRAOR*INARG RESOCDTION IN ARTICCES% ETC A y -e4e-e $e to a e,t-ao-di a-y -e!o/1tio i the a-ti$/e! o4 a $ompa y% o- i a y -e!o/1tio pa!!ed i 3e e-a/ meeti 3 by the $ompa y% o- i a y othe- i !t-1me t% oi a y /a0 i 4o-$e immediate/y be4o-e the $omme $eme t o4 thi! A$t% !ha//% 0ith e44e$t o a d 4-om !1$h $omme $eme t% be $o !t-1ed a! a -e4e-e $e to a !pe$ia/ -e!o/1tio . & ['@&A. REFERENCE OF WIN*IN7 COMPANIES IN OT8ER CAWS D /e!! the $o te,t othe-0i!e -e91i-e!% + DP OF
"a# a y -e4e-e $e to the 0i di 3 1p o4 a $ompa y by a Co1-t o- 8i3h Co1-t o- 0i di 3 1p o4 a $ompa y !1b;e$t to !1pe-5i!io o4 a Co1-t o- 8i3h Co1-t i a y othe- /a0 [e,$ept the Ba Ai 3 Re31/atio A$t% &9<9 "&( o4 &9<9#)% !ha//% i !o4a- a! it -e/ate! to 0i di 3 1p o4 a $ompa y% be $o !t-1ed a! 0i di 3 1p o4 a $ompa y by the T-ib1 a/ i a$$o-da $e 0ith the p-o5i!io ! o4 thi! A$t 2 "b# a y -e4e-e $e to the Compa y Ca0 Boa-d i a y othe- /a0% !o 4a- a! it -e/ate! to the Compa y Ca0 Boa-d% !ha// be $o !t-1ed a! the T-ib1 a/ 1 dethi! A$t.) &. I !e-ted by Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied#. '@:. APPOINTMENT DN*ER PREFIODS COMPANIES CAWS TO 8AFE EFFECT AS IF MA*E DN*ER ACT A y pe-!o appoi ted to a y o44i$e 1 de- o- by 5i-t1e o4 a y p-e5io1! $ompa ie! /a0 !ha// be deemed to ha5e bee appoi ted to that o44i$e 1 de- o- by 5i-t1e o4 thi! A$t. '@3. FORMER RE7ISTRATION OFFICES CONTINDE* Pa3e :'' o4 33: The o44i$e! e,i!ti 3 at the $omme $eme t o4 thi! A$t 4o- the -e3i!t-atio o4 $ompa ie! !ha// be $o ti 1ed a! i4 they
had bee e!tab/i!hed 1 dethi! A$t. '@<. RE7ISTERS DN*ER PREFIODS COMPANIES CAWS TO BE *EEME* TO BE PART OF RE7ISTERS DN*ER ACT A y -e3i!te- Aept 1 de- the p-o5i!io ! o4 a y p-e5io1! $ompa ie! /a0 !ha// be deemed to be pa-t o4 the -e3i!te- to be Aept 1 de- the $o--e!po di 3 p-o5i!io ! o4 thi! A$t. '@@. FDN*S AN* ACCODNTS DN*ER ACT TO BE IN CONTINDATION OF FDN*S AN* ACCODNTS DN*ER PREFIODS COMPANIES CAW A// 41 d! $o !tit1ted a d a$$o1 t! Aept 1 dethi! A$t !ha// be deemed to be i $o ti 1atio o4 the $o--e!po di 3 41 d! $o !tit1ted a d a$$o1 t! Aept 1 de- p-e5io1! $ompa ie! /a0!. '@'. SAFIN7 OF INCORPORATION DN*ER REPEACE* ACTS Nothi 3 i thi! A$t !ha// a44e$t the i $o-po-atio o4 a y $ompa y -e3i!te-ed 1 de- a y e a$tme t he-eby -epea/ed. '@>. SAFIN7 OF CERTAIN PREFIODS COMPANIES CAWS Nothi 3 i thi! A$t !ha// a44e$t + TABCES DN*ER
"a# Tab/e B i the S$hed1/e a e,ed to A$t No. &9 o4 &8@>% o- a y pa-t the-eo4% !o 4a- a! the !ame app/ie! to a y $ompa y e,i!ti 3 at the $omme $eme t o4 thi! A$t 2 "b# Tab/e A i the Fi-!t S$hed1/e a e,ed to the I dia Compa ie! A$t% &88: "' o4 &88:#% o- a y pa-t the-eo4% !o 4a- a! the !ame p/ie! to a y $ompa y e,i!ti 3 at the $omme $eme t o4 thi! A$t 2 "$# Tab/e A i the Fi-!t S$hed1/e to the I dia Compa ie! A$t% &9&3 "> o4 &9&3#% eithe- a! o-i3i a//y $o tai ed i that S$hed1/e o- a! a/te-ed i p1-!1a $e o4 !e$tio &@& o4 that A$t% !o 4a- a! the !ame app/ie! to a y $ompa y e,i!ti 3 at the $omme $eme t o4 thi! A$t. '@8. SECTION ' OF T8E 7ENERAC CCADSES ACT% &89>"&( OF &89># TO APPCG IN A**ITION TO SECTIONS '<@ TO '@> OF ACT The me tio o4 pa-ti$1/a- matte-! i !e$tio ! '<@ to '@> o- i a y othe- p-o5i!io o4 thi! A$t !ha// ot p-e;1di$e the 3e e-a/ app/i$atio o4 !e$tio ' o4 the 7e e-a/ C/a1!e! A$t% &89> "&( o4 &89>#% 0ith -e!pe$t to the e44e$t o4 -epea/!.
SC8E*DCE I
[See !e$tio ! :":#% &<% :8"&#% :9 a d ::3) TABCE A Re31/atio ! 4o- ma a3eme t o4 a $ompa y /imited by !ha-e! I te-p-etatio &. "&# I the!e -e31/atio ! + "a# .the A$t. mea ! the Compa ie! A$t% &9@'% "b# .the !ea/. mea ! the $ommo !ea/ o4 the $ompa y. ":# D /e!! the $o te,t othe-0i!e -e91i-e!% 0o-d! oe,p-e!!io ! $o tai ed i the!e -e31/atio ! !ha// beathe !ame mea i 3 a! i the A$t o- a y !tat1to-y modi4i$atio the-eo4 i 4o-$e at the date at 0hi$h the!e -e31/atio ! be$ome bi di 3 o the $ompa y. Sha-e $apita/ a d 5a-iatio o4 -i3ht! :. S1b;e$t to the p-o5i!io ! o4 !e$tio 8(% a y p-e4e-e $e !ha-e! may% 0ith the !a $tio o4 a o-di a-y -e!o/1tio % be i!!1ed o the te-m! that they a-e% o- at the optio o4 the $ompa y a-e /iab/e% to be -edeemed o !1$h te-m! a di !1$h ma e- a! the $ompa y be4o-e the i!!1e o4 the !ha-e! may% by !pe$ia/ -e!o/1tio % dete-mi e.
3. "&# I4 at a y time the !ha-e $apita/ i! di5ided i to di44e-e t $/a!!e! o4 !ha-e!% the -i3ht! atta$hed to a y $/a!! "1 /e!! othe-0i!e p-o5ided by the te-m! o4 i!!1e o4 the !ha-e! o4 that $/a!!# may% !1b;e$t to the p-o5i!io ! o4 !e$tio ! &(' a d &(>% a d 0hethe- o- ot the $ompa y i! bei 3 0o1 d 1p% be 5a-ied 0ith the $o !e t i 0-iti 3 o4 the ho/de-! o4 th-ee+ 4o1-th! o4 the i!!1ed !ha-e! o4 that $/a!!% o- 0ith the !a $tio o4 a !pe$ia/ -e!o/1tio pa!!ed at a !epa-ate meeti 3 o4 the ho/de-! o4 the !ha-e! o4 that $/a!!. ":# To e5e-y !1$h !epa-ate meeti 3% the p-o5i!io ! o4 the!e -e31/atio ! -e/ati 3 to 3e e-a/ meeti 3! !ha// m1tati! m1ta di! app/y% b1t !o that the e$e!!a-y 91o-1m !ha// be t0o pe-!o ! at /ea!t ho/di 3 o- -ep-e!e ti 3 by p-o,y o e+ thi-d o4 the i!!1ed !ha-e! o4 the $/a!! i 91e!tio . <. The -i3ht! $o 4e--ed 1po the ho/de-! o4 the !ha-e! o4 a y $/a!! i!!1ed 0ith p-e4e--ed o- othe- -i3ht! !ha// ot% 1 /e!! othe-0i!e e,p-e!!/y p-o5ided by the te-m! o4 i!!1e o4 the !ha-e! o4 that $/a!!% be deemed to be 5a-ied by the $-eatio o- i!!1e o4 41-the- !ha-e! -a Ai 3 pa-i pa!!1 the-e0ith. Pa3e :'> o4 33:
@. "&# The $ompa y may e,e-$i!e the po0e-! o4 payi 3 $ommi!!io ! $o 4e--ed by !e$tio >'% p-o5ided that the -ate pe- $e t o- the amo1 t o4 the $ommi!!io paid oa3-eed to be paid !ha// be di!$/o!ed i the ma e-e91i-ed by that !e$tio . ":# The -ate o4 the $ommi!!io !ha// ot e,$eed the -ate o4 4i5e pe- $e t o4 the p-i$e at 0hi$h the !ha-e! i -e!pe$t 0he-eo4 the !ame i! paid a-e i!!1ed o- a amo1 t e91a/ to 4i5e pe- $e t o4 !1$h p-i$e% a! the $a!e may be. "3# The $ommi!!io may be !ati!4ied by the payme t o4 $a!h o- the a//otme t o4 41//y o- pa-t/y paid !ha-e! opa-t/y i the o e 0ay a d pa-t/y i the othe-. "<# The $ompa y may a/!o% o a y i!!1e o4 !ha-e!% pay !1$h b-oAe-a3e a! may be /a041/. '. E,$ept a! -e91i-ed by /a0% o pe-!o !ha// be -e$o3 i!ed by the $ompa y a! ho/di 3 a y !ha-e 1po a y t-1!t% a d the $ompa y !ha// ot be bo1 d by% o- be $ompe//ed i a y 0ay to -e$o3 i!e "e5e 0he ha5i 3 oti$e the-eo4# a y e91itab/e% $o ti 3e t% 41t1-e o- pa-tia/ i te-e!t i a y !ha-e% o- a y i te-e!t i a y 4-a$tio a/ pa-t o4 a !ha-e% o- "e,$ept
o /y a! by the!e -e31/atio ! o- by /a0 othe-0i!e p-o5ided# a y othe- -i3ht! i -e!pe$t o4 a y !ha-e e,$ept a ab!o/1te -i3ht to the e ti-ety the-eo4 i the -e3i!te-ed ho/de-. >. "&# E5e-y pe-!o 0ho!e ame i! e te-ed a! a membe- i the -e3i!te- o4 membe-! !ha// be e tit/ed to -e$ei5e 0ithi th-ee mo th! a4te- a//otme t o- 0ithi t0o mo th! a4tethe app/i$atio 4o- the -e3i!t-atio o4 t-a !4e- "o- 0ithi !1$h othepe-iod a! the $o ditio ! o4 i!!1e !ha// p-o5ide# + "a# o e $e-ti4i$ate 4o- a// hi! !ha-e! 0itho1t payme t 2 o"b# !e5e-a/ $e-ti4i$ate!% ea$h 4o- o e o- mo-e o4 hi! !ha-e!% 1po payme t o4 o e -1pee 4o- e5e-y $e-ti4i$ate a4te- the 4i-!t. ":# E5e-y $e-ti4i$ate !ha// be 1 de- the !ea/ a d !ha// !pe$i4y the !ha-e! to 0hi$h it -e/ate! a d the amo1 t paid+1p the-eo . "3# I -e!pe$t o4 a y !ha-e o- !ha-e! he/d ;oi t/y by !e5e-a/ pe-!o !% the $ompa y !ha// ot be bo1 d to i!!1e mo-e tha o e $e-ti4i$ate% a d de/i5e-y o4 a $e-ti4i$ate 4o- a !ha-e to o e o4 !e5e-a/ ;oi t ho/de-! !ha// be !144i$ie t de/i5e-y to a// !1$h ho/de-!.
8. I4 a !ha-e $e-ti4i$ate i! de4a$ed% /o!t o- de!t-oyed% it may be -e e0ed o payme t o4 !1$h 4ee% i4 a y% ot e,$eedi 3 t0o -1pee!% a d o !1$h te-m!% i4 a y% a! to e5ide $e a d i dem ity a d the payme t o4 o1t+o4+po$Aet e,pe !e! i $1--ed by the $ompa y i i 5e!ti3ati 3 e5ide $e% a! the di-e$to-! thi A 4it. Cie 9. "&# The $ompa y !ha// ha5e a 4i-!t a d pa-amo1 t /ie + "a# o e5e-y !ha-e " ot bei 3 a 41//y+paid !ha-e#% 4o- a// mo ey! "0hethe- p-e!e t/y payab/e o- ot# $a//ed% opayab/e at a 4i,ed time% i -e!pe$t o4 that !ha-e 2 a d "b# o a// !ha-e! " ot bei 3 41//y+paid !ha-e!# !ta di 3 -e3i!te-ed i the ame o4 a !i 3/e pe-!o % 4o- a// mo ey! p-e!e t/y payab/e by him o- hi! e!tate to the $ompa y = P-o5ided that the Boa-d o4 di-e$to-! may at a y time de$/a-e a y !ha-e to be 0ho//y o- i pa-t e,empt 4-om the p-o5i!io ! o4 thi! $/a1!e. ":# The $ompa y?! /ie % i4 a y% o a !ha-e !ha// e,te d to a// di5ide d! payab/e the-eo .
&(. The $ompa y may !e//% i !1$h ma e- a! the Boa-d thi A! 4it% a y !ha-e! o 0hi$h the $ompa y ha! a /ie = P-o5ided that o !a/e !ha// be made + "a# 1 /e!! a !1m i -e!pe$t o4 0hi$h the /ie e,i!t! i! p-e!e t/y payab/e 2 o"b# 1 ti/ the e,pi-atio o4 4o1-tee day! a4te- a oti$e i 0-iti 3 !tati 3 a d dema di 3 payme t o4 !1$h pa-t o4 the amo1 t i -e!pe$t o4 0hi$h the /ie e,i!t! a! i! p-e!e t/y payab/e% ha! bee 3i5e to the -e3i!te-ed ho/de- 4o- the time bei 3 o4 the !ha-e o- the pe-!o e tit/ed the-eto by -ea!o o4 hi! death o- i !o/5e $y. &&. "&# To 3i5e e44e$t to a y !1$h !a/e% the Boa-d may a1tho-i!e !ome pe-!o to t-a !4e- the !ha-e! !o/d to the p1-$ha!e- the-eo4. ":# The p1-$ha!e- !ha// be -e3i!te-ed a! the ho/de- o4 the !ha-e! $omp-i!ed i a y !1$h t-a !4e-. "3# The p1-$ha!e- !ha// ot be bo1 d to !ee to the app/i$atio o4 the p1-$ha!e mo ey% o- !ha// hi! tit/e to the !ha-e! be a44e$ted by a y i--e31/a-ity o- i 5a/idity i the p-o$eedi 3! i -e4e-e $e to the !a/e. &:. "&# The p-o$eed! o4 the !a/e !ha// be -e$ei5ed by the $ompa y a d app/ied i payme t o4 !1$h pa-t o4 the amo1 t
i -e!pe$t o4 0hi$h the /ie e,i!t! a! i! p-e!e t/y payab/e. ":# The -e!id1e% i4 a y% !ha//% !1b;e$t to a /iAe /ie 4o!1m! ot p-e!e t/y payab/e a! e,i!ted 1po the !ha-e! be4o-e the !a/e% be paid to the pe-!o e tit/ed to the !ha-e! at the date o4 the !a/e. Ca//! o !ha-e! &3. "&# The Boa-d may% 4-om time to time% maAe $a//! 1po the membe-! i -e!pe$t o4 a y mo ey! 1 paid o thei!ha-e! "0hethe- o a$$o1 t o4 the omi a/ 5a/1e o4 the !ha-e! o- by 0ay o4 p-emi1m# a d ot by the $o ditio ! o4 a//otme t the-eo4 made payab/e at 4i,ed time! = Pa3e :'8 o4 33: P-o5ided that o $a// !ha// e,$eed o e+4o1-th o4 the omi a/ 5a/1e o4 the !ha-e o- be payab/e at /e!! tha o e mo th 4-om the date 4i,ed 4o- the payme t o4 the /a!t p-e$edi 3 $a//. ":# Ea$h membe- !ha//% !1b;e$t to -e$ei5i 3 at /ea!t 4o1-tee day!? oti$e !pe$i4yi 3 the time o- time! a d p/a$e o4 payme t% pay to the $ompa y% at the time o- time! a d p/a$e !o !pe$i4ied% the amo1 t $a//ed o hi! !ha-e!. "3# A $a// may be -e5oAed o- po!tpo ed at the di!$-etio o4 the Boa-d.
&<. A $a// !ha// be deemed to ha5e bee made at the time 0he the -e!o/1tio o4 the Boa-d a1tho-i!i 3 the $a// 0a! pa!!ed a d may be -e91i-ed to be paid by i !ta/me t!. &@. The ;oi t ho/de-! o4 a !ha-e !ha// be ;oi t/y a d !e5e-a//y /iab/e to pay a// $a//! i -e!pe$t the-eo4. &'. "&# I4 a !1m $a//ed i -e!pe$t o4 a !ha-e i! ot paid be4o-e o- o the day appoi ted 4o- payme t the-eo4% the pe-!o 4-om 0hom the !1m i! d1e !ha// pay i te-e!t the-eo 4-om the day appoi ted 4o- payme t the-eo4 to the time o4 a$t1a/ payme t at 4i5e pe- $e t pe- a 1m o- at !1$h /o0e-ate% i4 a y% a! the Boa-d may dete-mi e. ":# The Boa-d !ha// be at /ibe-ty to 0ai5e payme t o4 a y !1$h i te-e!t 0ho//y o- i pa-t. &>. "&# A y !1m 0hi$h by the te-m! o4 i!!1e o4 a !ha-e be$ome! payab/e o a//otme t o- at a y 4i,ed date% 0hethe- o a$$o1 t o4 the omi a/ 5a/1e o4 the !ha-e o- by 0ay o4 p-emi1m% !ha//% 4o- the p1-po!e! o4 the!e -e31/atio !% be deemed to be a $a// d1/y made a d payab/e o the date o 0hi$h by the te-m! o4 i!!1e !1$h !1m be$ome! payab/e.
":# I $a!e o4 o +payme t o4 !1$h !1m% a// the -e/e5a t p-o5i!io ! o4 the!e -e31/atio ! a! to payme t o4 i te-e!t a d e,pe !e!% 4o-4eit1-e o- othe-0i!e !ha// app/y a! i4 !1$h !1m had be$ome payab/e by 5i-t1e o4 a $a// d1/y made a d oti4ied. &8. The Boa-d + "a# may% i4 it thi A! 4it% -e$ei5e 4-om a y membe- 0i//i 3 to ad5a $e the !ame% a// o- a y pa-t o4 the mo ey! 1 $a//ed a d 1 paid 1po a y !ha-e! he/d by him 2 a d "b# 1po a// o- a y o4 the mo ey! !o ad5a $ed% may "1 ti/ the !ame 0o1/d% b1t 4o- !1$h ad5a $e% be$ome p-e!e t/y payab/e# pay i te-e!t at !1$h -ate ot e,$eedi 3% 1 /e!! the $ompa y i 3e e-a/ meeti 3 !ha// othe-0i!e di-e$t% !i, pe- $e t pe- a 1m% a! may be a3-eed 1po bet0ee the Boa-d a d the membe- payi 3 the !1m i ad5a $e. T-a !4e- o4 !ha-e! &9. "&# The i !t-1me t o4 t-a !4e- o4 a y !ha-e i the $ompa y !ha// be e,e$1ted by o- o beha/4 o4 both the t-a !4e-oa d t-a !4e-ee.
":# The t-a !4e-o- !ha// be deemed to -emai a ho/deo4 the !ha-e 1 ti/ the ame o4 the t-a !4e-ee i! e te-ed i the -e3i!te- o4 membe-! i -e!pe$t the-eo4. :(. S1b;e$t to the p-o5i!io ! o4 !e$tio &(8% the !ha-e! i the $ompa y !ha// be t-a !4e--ed i the 4o//o0i 3 4o-m% ame/y = + & Fo-m No. >B *ATE OF PRESENTATION TO T8E PRESCRIBE* ADT8ORITG Sha-e T-a !4e- Fo-m [PDRSDANT TO SECTION COMPANIES ACT% &9@') &(8"&A# OF T8E
FOR T8E CONSI*ERATION !tated be/o0 the EET-a !4e-o-"!#?? amed do he-eby t-a !4e- to the EET-a !4e-ee"!#?? amed the !ha-e! !pe$i4ied be/o0 !1b;e$t to the $o ditio ! o 0hi$h the !aid !ha-e! a-e o0 he/d by the T-a !4e-o-"!# a d T-a !4e-ee"!# do he-eby a3-ee to a$$ept a d ho/d the !aid !ha-e! !1b;e$t to the $o ditio ! a4o-e!aid.
FDCC NAME OF COMPANG NAME OF T8E RECO7NISE* STOC6 EKC8AN7E W8ERE *EACT IN% IF ANG *ESCRIPTION OF EHDITGLPREFERENCE S8ARE No. i Fi31-e! N1mbe- i 0o-d! Co !ide-atio "i 4i31-e!# Co !ide-atio "i 0o-d!# *i-!ti $ti5e 1mbe-! F-om To Co--e!po di 3 Ce-ti4i$ate No!
TRANSFEROR"S# [SECCER"S#) PARTICDCARS Re3d. Fo/io No. Si3 at-e"!# Name"!# i 41// Pa3e :'9 o4 33: &............................ &............................ :............................ :............................ 3............................ 3............................
<............................ <............................ ATTESTATION I% he-eby atte!t the !i3 at1-e o4 the T-a !4e-o-"!# he-ei me tio ed
Si3 at1-e ++++++++++++++++++++++++++++++ Name ++++++++++++++++++++++++++++++ Add-e!!L!ea/ ++++++++++++++++++++++++++++++ BP/ea!e !ee o5e-/ea4 4o- i !t-1$tio Si3 at1-e o4 0it e!!
Name M add-e!! o4 0it e!! ++++++++++++++++++++++++++++++ PIN++++++++++++++++++++++++++++++ TRANSFEREE"S# [BDGER"S#? PARTICDCARS Name"!# i 41// &............................
:............................ 3............................ Si3 at1-e"!# &............................ :............................ 3............................
O$$1patio Add-e!! Fathe-?!L81!ba d?! ame &. :. 3. T-a !4e-ee"!# e,i!ti 3 Fo/io% i4 a % i !me o-de- o4 ame! Fa/1e o4 Stamp! a44i,ed R!.
*ated thi!.......... *ay o4........... O e Tho1!a d Ni e 81 d-ed....................... P/a$e............ Fo- o44i$e 1!e o /y Che$Aed by................................ Si3 at1-e ta//ied by..................... E te-ed i Re3i!te- o4 T-a !4e- No. App-o5a/ date............................. Fo/io Compa y Code
Spe$ime Si3 at1-e"!# o4 T-a !4e-e!"!# &..................... :..................... 3.....................
Co ti 1atio o4 4-o t pa3e "he-ei e te- the *i!ti $ti5e 1mbe-! 0he !pa$e o the 4-o t pa3e i! 4o1 d to be i !144i$ie t# *i-!ti $ti5e 1mbe-! F-om
To Co--e!po di 3 Ce-ti4i$ate No!
B INSTRDCTIONS FOR ATTESTATION Atte!tatio % 0he-e -e91i-ed "th1mb imp-e!!io !% ma-A!% !i3 at1-e di44e-e $e% et$.# !ho1/d be do e by a Ma3i!t-ate% Nota-y P1b/i$ o- Spe$ia/ E,e$1ti5e Ma3i!t-ate o- a !imi/a- a1tho-ity ho/di 3 a P1b/i$ O44i$e a d a1tho-i!ed to 1!e the Pa3e :>( o4 33: Sea/ o4 hi! o44i$e o- a membe- o4 a -e$o3 i!ed !to$A e,$ha 3e th-o13h 0hom the !ha-e! a-e i t-od1$ed oa ma a3eo4 the t-a !4e-o-?! ba A. Note = Name! m1!t be -1bbe- !tamped p-e4e-ab/y i a !t-ai3ht /i e. Ch-o o/o3i$a/ o-de- !ho1/d be mai tai ed. B-oAe-?! C/ea-i 3 N1mbe- !ho1/d be !tated 0he de/i5e-y i! 3i5e by a C/ea-i 3 Membe- Ba A. Name o4 de/i5e- B-oAe- o- C/ea-i 3 N1mbe*ate Po0e- o4 Atto- ey
P-obate *eath Ce-ti4i$ate Cette-! o4 Admi i!t-atio Re3i!te-ed 0ith the Compa No.........*ate.................. "Si3 at1-e [ ot i itia/!) o4 B-oAe-% Ba A% Compa y. BCod3ed by+++++++++++++++++++++++++++++ F1// Add-e!!++++++++++++++++++++++++++++ +++++++++++++++++++++++++++++++++++++++ +++++++++++++++++++++++++++++++++++++++ +++++++++++++++++++++++++++++++++++++++ Sha-e $e-ti4i$ate! to be -et1- ed to "Fi// i the ame a d add-e!! to 0hi$h the Ce-ti4i$ate! a-e -e91i-ed to be -et1- ed# Name a d Add-e!!+++++++++++++++++++++++++ +++++++++++++++++++++++++++++++++++++++++ +++++++++++++++++++++++++++++++++++++++++ ++++++++++++++++++++++++++++++++++++++++ Sha-e T-a !4e- Stamp! BTo be 4i//ed o /y i4 the do$1me t a-e /od3ed by a pe-!o othetha the t-a !4e-ee. &. S1b!tit1ted by Noti4i$atio :<+<+&988. No. 7SR <8("E# dated
:&. The Boa-d may% !1b;e$t to the -i3ht o4 appea/ $o 4e--ed by !e$tio &&&% de$/i e to -e3i!te- + "a# the t-a !4e- o4 a !ha-e% ot bei 3 a 41//y+paid !ha-e% to a pe-!o o4 0hom they do ot app-o5e 2 o"b# a y t-a !4e- o4 !ha-e! o 0hi$h the $ompa y ha! a /ie . ::. The Boa-d may a/!o de$/i e to -e$o3 i!e a y i !t-1me t o4 t-a !4e- 1 /e!! + "a# a 4ee o4 t0o -1pee! i! paid to the $ompa y i -e!pe$t the-eo4 2 "b# the i !t-1me t o4 t-a !4e- i! a$$ompa ied by the $e-ti4i$ate o4 the !ha-e! to 0hi$h it -e/ate!% a d !1$h othee5ide $e a! the Boa-d may -ea!o ab/y -e91i-e to !ho0 the -i3ht o4 the t-a !4e-o- to maAe the t-a !4e- 2 a d "$# the i !t-1me t o4 t-a !4e- i! i -e!pe$t o4 o /y o e $/a!! o4 !ha-e!. :3. S1b;e$t to the p-o5i!io ! o4 !e$tio &@<% the -e3i!t-atio o4 t-a !4e-! may be !1!pe ded at !1$h time! a d 4o- !1$h pe-iod! a! the Boa-d may 4-om time to time dete-mi e = P-o5ided that !1$h -e3i!t-atio !ha// ot be !1!pe ded 4o- mo-e tha thi-ty day! at a y o e time o- 4o- mo-e tha 4o-ty+4i5e day! i the a33-e3ate i a y yea-.
:<. The $ompa y !ha// be e tit/ed to $ha-3e a 4ee ot e,$eedi 3 t0o -1pee! o the -e3i!t-atio o4 e5e-y p-obate% /ette-! o4 admi i!t-atio % $e-ti4i$ate o4 death oma--ia3e% po0e- o4 atto- ey% o- othe- i !t-1me t. T-a !mi!!io o4 !ha-e! :@. "&# O the death o4 a membe-% the !1-5i5o- o!1-5i5o-! 0he-e the membe- 0a! a ;oi t ho/de-% a d hi! /e3a/ -ep-e!e tati5e! 0he-e he 0a! a !o/e ho/de-% !ha// be the o /y pe-!o ! -e$o3 i!ed by the $ompa y a! ha5i 3 a y tit/e to hi! i te-e!t i the !ha-e!. ":# Nothi 3 i $/a1!e "&# !ha// -e/ea!e the e!tate o4 a de$ea!ed ;oi t ho/de- 4-om a y /iabi/ity i -e!pe$t o4 a y !ha-e 0hi$h had bee ;oi t/y he/d by him 0ith othepe-!o !. :'. "&# A y pe-!o be$omi 3 e tit/ed to a !ha-e i $o !e91e $e o4 the death o- i !o/5e $y o4 a membemay% 1po !1$h e5ide $e bei 3 p-od1$ed a! may 4-om time to time p-ope-/y be -e91i-ed by the Boa-d a d !1b;e$t a! he-ei a4tep-o5ided% e/e$t% eithe- + "a# to be -e3i!te-ed him!e/4 a! ho/de- o4 the !ha-e 2 o"b# to maAe !1$h t-a !4e- o4 the !ha-e a! the de$ea!ed o- i !o/5e t membe- $o1/d ha5e made.
":# The Boa-d !ha//% i eithe- $a!e% ha5e the !ame -i3ht to de$/i e o- !1!pe d -e3i!t-atio a! it 0o1/d ha5e had% i4 the de$ea!ed o- i !o/5e t membe- had t-a !4e--ed the !ha-e be4o-e hi! death o- i !o/5e $y. Pa3e :>& o4 33: :>. "&# I4 the pe-!o !o be$omi 3 e tit/ed !ha// e/e$t to be -e3i!te-ed a! ho/de- o4 the !ha-e him!e/4 he !ha// de/i5e- o!e t to the $ompa y a oti$e i 0-iti 3 !i3 ed by him !tati 3 that he !o e/e$t!. ":# I4 the pe-!o a4o-e!aid !ha// e/e$t to t-a !4e- the !ha-e% he !ha// te!ti4y hi! e/e$tio by e,e$1ti 3 a t-a !4e- o4 the !ha-e. "3# A// the /imitatio !% -e!t-i$tio ! a d p-o5i!io ! o4 the!e -e31/atio ! -e/ati 3 to the -i3ht to t-a !4e- a d the -e3i!t-atio o4 t-a !4e-! o4 !ha-e! !ha// be app/i$ab/e to a y !1$h oti$e o- t-a !4e- a! a4o-e!aid a! i4 the death oi !o/5e $y o4 the membe- had ot o$$1--ed a d the oti$e o- t-a !4e0e-e a t-a !4e- !i3 ed by that membe-. :8. A pe-!o be$omi 3 e tit/ed to a !ha-e by -ea!o o4 the death o- i !o/5e $y o4 the ho/de- !ha// be e tit/ed to the !ame di5ide d! a d othe- ad5a ta3e! to 0hi$h he 0o1/d be e tit/ed i4 he 0e-e the -e3i!te-ed ho/de- o4 the !ha-e%
e,$ept that he !ha// ot% be4o-e bei 3 -e3i!te-ed a! a membe- i -e!pe$t o4 the !ha-e% be e tit/ed i -e!pe$t o4 it to e,e-$i!e a y -i3ht $o 4e--ed by membe-!hip i -e/atio to meeti 3! o4 the $ompa y = P-o5ided that the Boa-d may% at a y time% 3i5e oti$e -e91i-i 3 a y !1$h pe-!o to e/e$t eithe- to be -e3i!te-ed him!e/4 o- to t-a !4e- the !ha-e% a d i4 the oti$e i! ot $omp/ied 0ith 0ithi i ety day!% the Boa-d may the-ea4te0ithho/d payme t o4 a// di5ide d!% bo 1!e! o- othemo ey! payab/e i -e!pe$t o4 the !ha-e% 1 ti/ the -e91i-eme t! o4 the oti$e ha5e bee $omp/ied 0ith. Fo-4eit1-e o4 !ha-e! :9. I4 a membe- 4ai/! to pay a y $a//% o- i !ta/me t o4 a $a//% o the day appoi ted 4o- payme t the-eo4% the Boa-d may% at a y time the-ea4te- d1-i 3 !1$h time a! a y pa-t o4 the $a// o- i !ta/me t -emai ! 1 paid% !e-5e a oti$e o him -e91i-i 3 payme t o4 !o m1$h o4 the $a// o- i !ta/me t a! i! 1 paid% to3ethe- 0ith a y i te-e!t 0hi$h may ha5e a$$-1ed. 3(. The oti$e a4o-e!aid !ha// +
"a# ame a 41-the- day " ot bei 3 ea-/ie- tha the e,pi-y o4 4o1-tee day! 4-om the date o4 !e-5i$e o4 the oti$e# o obe4o-e 0hi$h the payme t -e91i-ed by the oti$e i! to be made 2 a d "b# !tate that% i the e5e t o4 o +payme t o o- be4o-e the day !o amed% the !ha-e! i -e!pe$t o4 0hi$h the $a// 0a! made 0i// be /iab/e to be 4o-4eited. 3&. I4 the -e91i-eme t! o4 a y !1$h oti$e a! a4o-e!aid a-e ot $omp/ied 0ith% a y !ha-e i -e!pe$t o4 0hi$h the oti$e ha! bee 3i5e may% at a y time the-ea4te-% be4o-e the payme t -e91i-ed by the oti$e ha! bee made% be 4o-4eited by a -e!o/1tio o4 the Boa-d to that e44e$t. 3:. "&# A 4o-4eited !ha-e may be !o/d o- othe-0i!e di!po!ed o4 o !1$h te-m! a d i !1$h ma e- a! the Boa-d thi A! 4it. ":# At a y time be4o-e a !a/e o- di!po!a/ a! a4o-e!aid% the Boa-d may $a $e/ the 4o-4eit1-e o !1$h te-m! a! it thi A! 4it. 33. "&# A pe-!o 0ho!e !ha-e! ha5e bee 4o-4eited !ha// $ea!e to be a membe- i -e!pe$t o4 the 4o-4eited !ha-e!% b1t
!ha//% ot0ith!ta di 3 the 4o-4eit1-e% -emai /iab/e to pay to the $ompa y a// mo ey! 0hi$h% at the date o4 4o-4eit1-e% 0e-e p-e!e t/y payab/e by him to the $ompa y i -e!pe$t o4 the !ha-e!. ":# The /iabi/ity o4 !1$h pe-!o !ha// $ea!e i4 a d 0he the $ompa y !ha// ha5e -e$ei5ed payme t i 41// o4 a// !1$h mo ey! i -e!pe$t o4 the !ha-e!. 3<. "&# A d1/y 5e-i4ied de$/a-atio i 0-iti 3 that the de$/a-a t i! a di-e$to- BS%the ma a3i 3 a3e t% the !e$-eta-ie! a d t-ea!1-e-!T the ma a3e- o- the !e$-eta-y% o4 the $ompa y% a d that a !ha-e i the $ompa y ha! bee d1/y 4o-4eited o a date !tated i the de$/a-atio % !ha// be $o $/1!i5e e5ide $e o4 the 4a$t! the-ei !tated a! a3ai !t a// pe-!o ! $/aimi 3 to be e tit/ed to the !ha-e. ":# The $ompa y may -e$ei5e the $o !ide-atio % i4 a y% 3i5e 4o- the !ha-e o a y !a/e o- di!po!a/ the-eo4 a d may e,e$1te a t-a !4e- o4 the !ha-e i 4a5o1- o4 the pe-!o to 0hom the !ha-e i! !o/d o- di!po!ed o4. "3# The t-a !4e-ee !ha// the-e1po be -e3i!te-ed a! the ho/de- o4 the !ha-e. "<# The t-a !4e-ee !ha// ot be bo1 d to !ee to the app/i$atio o4 the p1-$ha!e mo ey% i4 a y% o- !ha// hi! tit/e to the
!ha-e be a44e$ted by a y i--e31/a-ity o- i 5a/idity i the p-o$eedi 3! i -e4e-e $e to the 4o-4eit1-e% !a/e odi!po!a/ o4 the !ha-e. 3@. The p-o5i!io ! o4 the!e -e31/atio ! a! to 4o-4eit1-e !ha// app/y i the $a!e o4 o +payme t o4 a y !1m 0hi$h% by the te-m! o4 i!!1e o4 a !ha-e% be$ome! payab/e at a 4i,ed time% 0hethe- o a$$o1 t o4 the omi a/ 5a/1e o4 the !ha-e o- by 0ay o4 p-emi1m% a! i4 the !ame had bee payab/e by 5i-t1e o4 a $a// d1/y made a d oti4ied. B Wo-d! !ho1/d be omitted. Co 5e-!io o4 !ha-e! i to !to$A 3'. The $ompa y may% by o-di a-y -e!o/1tio % + "a# $o 5e-t a y paid+1p !ha-e! i to !to$A 2 a d "b# -e$o 5e-t a y !to$A i to paid+1p !ha-e! o4 a y de omi atio . Pa3e :>: o4 33: 3>. The ho/de-! o4 !to$A may t-a !4e- the !ame o- a y pa-t the-eo4 i the !ame ma e- a!% a d !1b;e$t to the !ame -e31/atio ! 1 de- 0hi$h% the !ha-e! 4-om 0hi$h the !to$A a-o!e mi3ht be4o-e the $o 5e-!io ha5e bee t-a !4e--ed% oa! ea- the-eto a! $i-$1m!ta $e! admit =
P-o5ided that the Boa-d may% 4-om time to time% 4i, the mi im1m amo1 t o4 !to$A t-a !4e-ab/e% !o ho0e5ethat !1$h mi im1m !ha// ot e,$eed the omi a/ amo1 t o4 the !ha-e! 4-om 0hi$h the !to$A a-o!e. 38. The ho/de-! o4 !to$A !ha//% a$$o-di 3 to the amo1 t o4 !to$A he/d by them% ha5e the !ame -i3ht!% p-i5i/e3e! a d ad5a ta3e! a! -e3a-d! di5ide d!% 5oti 3 at meeti 3! o4 the $ompa y% a d othematte-!% a! i4 they he/d the !ha-e! 4-om 0hi$h the !to$A a-o!e 2 b1t o !1$h p-i5i/e3e oad5a ta3e "e,$ept pa-ti$ipatio i the di5ide d! a d p-o4it! o4 the $ompa y a d i the a!!et! o 0i di 3 1p# !ha// be $o 4e--ed by a amo1 t o4 !to$A 0hi$h 0o1/d ot% i4 e,i!ti 3 i !ha-e!% ha5e $o 4e--ed that p-i5i/e3e o- ad5a ta3e. 39. S1$h o4 the -e31/atio ! o4 the $ompa y "othetha tho!e -e/ati 3 to !ha-e 0a--a t!#% a! a-e app/i$ab/e to paid+1p !ha-e! !ha// app/y to !to$A a d the 0o-d! .!ha-e. a d .!ha-eho/de-. i tho!e -e31/atio ! !ha// i $/1de .!to$A. a d .!to$A+ho/de-. -e!pe$ti5e/y. Sha-e 0a--a t!
<(. The $ompa y may i!!1e !ha-e 0a--a t! !1b;e$t to% a d i a$$o-da $e 0ith% the p-o5i!io ! o4 !e$tio ! &&< a d &&@ 2 a d a$$o-di 3/y the Boa-d may i it! di!$-etio % 0ith -e!pe$t to a y !ha-e 0hi$h i! 41//y paid+1p% o app/i$atio i 0-iti 3 !i3 ed by the pe-!o -e3i!te-ed a! ho/de- o4 the !ha-e% a d a1the ti$ated by !1$h e5ide $e "i4 a y# a! the Boa-d may% 4-om time to time% -e91i-e a! to the ide tity o4 the pe-!o !i3 i 3 the app/i$atio % a d o -e$ei5i 3 the $e-ti4i$ate "i4 a y# o4 the !ha-e% a d the amo1 t o4 the !tamp d1ty o the 0a--a t a d !1$h 4ee a! the Boa-d may 4-om time to time -e91i-e% i!!1e a !ha-e 0a--a t. <&. "&# The bea-e- o4 a !ha-e 0a--a t may at a y time depo!it the 0a--a t at the o44i$e o4 the $ompa y% a d !o /o 3 a! the 0a--a t -emai ! !o depo!ited% the depo!ito- !ha// ha5e the !ame -i3ht o4 !i3 i 3 a -e91i!itio 4o- $a//i 3 a meeti 3 o4 the $ompa y% a d o4 atte di 3% a d 5oti 3 a d e,e-$i!i 3 the othe- p-i5i/e3e! o4 a membe- at a y meeti 3 he/d a4te- the e,pi-y o4 t0o $/ea- day! 4-om the time o4 depo!it% a! i4 hi! ame 0e-e i !e-ted i the -e3i!te- o4 membe-! a! the ho/de-! o4 the !ha-e! i $/1ded i the depo!ited 0a--a t.
":# Not mo-e tha o e pe-!o !ha// be -e$o3 i!ed a! depo!ito- o4 the !ha-e 0a--a t. "3# The $ompa y !ha//% o t0o day!? 0-itte oti$e% -et1- the depo!ited !ha-e 0a--a t to the depo!ito-. <:. "&# S1b;e$t a! he-ei othe-0i!e e,p-e!!/y p-o5ided% o pe-!o !ha//% a! bea-e- o4 a !ha-e 0a--a t% !i3 a -e91i!itio 4o- $a//i 3 a meeti 3 o4 the $ompa y% oatte d% o- 5ote o- e,e-$i!e a y othe- p-i5i/e3e o4 a membe- at a meeti 3 o4 the $ompa y% o- be e tit/ed to -e$ei5e a y oti$e! 4-om the $ompa y. ":# The bea-e- o4 a !ha-e 0a--a t !ha// be e tit/ed i a// othe- -e!pe$t! to the !ame p-i5i/e3e a d ad5a ta3e! a! i4 he 0e-e amed i the -e3i!te- o4 membe-! a! the ho/deo4 the !ha-e! i $/1ded i the 0a--a t% a d he !ha// be a membeo4 the $ompa y. <3. The Boa-d may% 4-om time to time% maAe -1/e! a! to the te-m! o 0hi$h "i4 it !ha// thi A 4it# a e0 !ha-e 0a--a t o$o1po may be i!!1ed by 0ay o4 -e e0a/ i $a!e o4 de4a$eme t% /o!! o- de!t-1$tio . A/te-atio o4 $apita/
<<. The $ompa y may% 4-om time to time% by o-di a-y -e!o/1tio i $-ea!e the !ha-e $apita/ by !1$h !1m% to be di5ided i to !ha-e! o4 !1$h amo1 t% a! may be !pe$i4ied i the -e!o/1tio . <@. The $ompa y may% by o-di a-y -e!o/1tio % + "a# $o !o/idate a d di5ide a// o- a y o4 it! !ha-e $apita/ i to !ha-e! o4 /a-3e- amo1 t tha it! e,i!ti 3 !ha-e! 2 "b# !1b+di5ide it! e,i!ti 3 !ha-e! o- a y o4 them i to !ha-e! o4 !ma//e- amo1 t tha i! 4i,ed by the memo-a d1m% !1b;e$t% e5e-the/e!!% to the p-o5i!io ! o4 $/a1!e "d# o4 !1b+!e$tio "&# o4 !e$tio 9< 2 "$# $a $e/ a y !ha-e! 0hi$h% at the date o4 the pa!!i 3 o4 the -e!o/1tio % ha5e ot bee taAe o- a3-eed to be taAe by a y pe-!o . <'. The $ompa y may% by !pe$ia/ -e!o/1tio % -ed1$e i a y ma e- a d 0ith% a d !1b;e$t to% a y i $ide t a1tho-i!ed a d $o !e t -e91i-ed by /a0% + "a# it! !ha-e $apita/ 2 "b# a y $apita/ -edemptio -e!e-5e a$$o1 t 2 o"$# a y !ha-e p-emi1m a$$o1 t. 7e e-a/ meeti 3!
<>. A// 3e e-a/ meeti 3! othetha a 1a/ 3e e-a/ meeti 3! !ha// be $a//ed e,t-ao-di a-y 3e e-a/ meeti 3!. Pa3e :>3 o4 33: <8. "&# The Boa-d may% 0he e5e- it thi A! 4it% $a// a e,t-ao-di a-y 3e e-a/ meeti 3. ":# I4 at a y time the-e a-e ot 0ithi I dia di-e$to-! $apab/e o4 a$ti 3 0ho a-e !144i$ie t i 1mbe- to 4o-m a 91o-1m% a y di-e$to- o- a y t0o membe-! o4 the $ompa y may $a// a e,t-ao-di a-y 3e e-a/ meeti 3 i the !ame ma e-% a! ea-/y a! po!!ib/e% a! that i 0hi$h !1$h a meeti 3 may be $a//ed by the Boa-d. P-o$eedi 3! at 3e e-a/ meeti 3! <9. "&# No b1!i e!! !ha// be t-a !a$ted at a y 3e e-a/ meeti 3 1 /e!! a 91o-1m o4 membe-! i! p-e!e t at the time 0he the meeti 3 p-o$eed! to b1!i e!!. ":# Sa5e a! he-ei othe-0i!e p-o5ided% 4i5e membe-! p-e!e t i pe-!o "i the $a!e o4 a p1b/i$ $ompa y + t0o membe-! p-e!e t i pe-!o % i the $a!e o4 a p-i5ate $ompa y# !ha// be a 91o-1m. @(. The $hai-ma % i4 a y% o4 the Boa-d !ha// p-e!ide a! $hai-ma at e5e-y 3e e-a/ meeti 3 o4 the $ompa y.
@&. I4 the-e i! o !1$h $hai-ma % o- i4 he i! ot p-e!e t 0ithi 4i4tee mi 1te! a4te- the time appoi ted 4oho/di 3 the meeti 3% o- i! 1 0i//i 3 to a$t a! $hai-ma o4 the meeti 3% the di-e$to-! p-e!e t !ha// e/e$t o e o4 thei1mbe- to be $hai-ma o4 the meeti 3. @:. I4 at a y meeti 3 o di-e$to- i! 0i//i 3 to a$t a! $hai-ma o- i4 o di-e$to- i! p-e!e t 0ithi 4i4tee mi 1te! a4te- the time appoi ted 4o- ho/di 3 the meeti 3% the membe-! p-e!e t !ha// $hoo!e o e o4 thei- 1mbe- to be $hai-ma o4 the meeti 3. @3. "&# The $hai-ma may% 0ith the $o !e t o4 a y meeti 3 at 0hi$h a 91o-1m i! p-e!e t% a d !ha//% i4 !o di-e$ted by the meeti 3% ad;o1- the meeti 3 4-om time to time a d 4-om p/a$e to p/a$e. ":# No b1!i e!! !ha// be t-a !a$ted at a y ad;o1- ed meeti 3 othetha the b1!i e!! /e4t 1 4i i!hed at the meeti 3 4-om 0hi$h the ad;o1- me t tooA p/a$e. "3# Whe a meeti 3 i! ad;o1- ed 4o- thi-ty day! omo-e% oti$e o4 the ad;o1- ed meeti 3 !ha// be 3i5e a! i the $a!e o4 a o-i3i a/ meeti 3. "<# Sa5e a! a4o-e!aid% it !ha// ot be e$e!!a-y to 3i5e a y oti$e o4 a ad;o1- me t o- o4 the b1!i e!! to be
t-a !a$ted at a ad;o1- ed meeti 3. @<. I the $a!e o4 a e91a/ity o4 5ote!% 0hethe- o a !ho0 o4 ha d! o- o a po//% the $hai-ma o4 the meeti 3 at 0hi$h the !ho0 o4 ha d! taAe! p/a$e% o- at 0hi$h the po// i! dema ded% !ha// be e tit/ed to a !e$o d o- $a!ti 3 5ote. @@. A y b1!i e!! othetha that 1po 0hi$h a po// ha! bee dema ded may be p-o$eeded 0ith% pe di 3 the taAi 3 o4 the po//. Fote! o4 membe-! @'. S1b;e$t to a y -i3ht! o- -e!t-i$tio ! 4o- the time bei 3 atta$hed to a y $/a!! o- $/a!!e! o4 !ha-e!% + "a# o a !ho0 o4 ha d!% e5e-y membe- p-e!e t i pe-!o !ha// ha5e o e 5ote 2 a d "b# o a po// the 5oti 3 -i3ht! o4 membe-! !ha// be a! /aid do0 i !e$tio 8>. @>. I the $a!e o4 ;oi t ho/de-!% the 5ote o4 the !e io0ho te de-! a 5ote% 0hethe- i pe-!o o- by p-o,y% !ha// be a$$epted to the e,$/1!io o4 the 5ote! o4 the othe- ;oi t ho/de-!. Fo- thi! p1-po!e% !e io-ity !ha// be dete-mi ed by the o-de- i 0hi$h the ame! !ta d i the -e3i!te- o4 membe-!.
@8. A membe- o4 1 !o1 d mi d% o- i -e!pe$t o4 0hom a o-deha! bee made by a y Co1-t ha5i 3 ;1-i!di$tio i /1 a$y% may 5ote% 0hethe- o a !ho0 o4 ha d! o- o a po//% by hi! $ommittee o- othe- /e3a/ 31a-dia % a d a y !1$h $ommittee o- 31a-dia may% o a po//% 5ote by p-o,y. @9. No membe- !ha// be e tit/ed to 5ote at a y 3e e-a/ meeti 3 1 /e!! a// $a//! o- othe- !1m! p-e!e t/y payab/e by him i -e!pe$t o4 !ha-e! i the $ompa y ha5e bee paid. '(. "&# No ob;e$tio !ha// be -ai!ed to the 91a/i4i$atio o4 a y 5ote- e,$ept at the meeti 3 o- ad;o1- ed meeti 3 at 0hi$h the 5ote ob;e$ted to i! 3i5e o- te de-ed% a d e5e-y 5ote ot di!a//o0ed at !1$h meeti 3 !ha// be 5a/id 4o- a// p1-po!e!. ":# A y !1$h ob;e$tio made i d1e time !ha// be -e4e--ed to the $hai-ma o4 the meeti 3% 0ho!e de$i!io !ha// be 4i a/ a d $o $/1!i5e. '&. The i !t-1me t appoi ti 3 a p-o,y a d the po0eo4 atto- ey o- othe- a1tho-ity% i4 a y% 1 de- 0hi$h it i! !i3 ed o- a
ota-ia//y $e-ti4ied $opy o4 that po0e- o- a1tho-ity% !ha// be depo!ited at the -e3i!te-ed o44i$e o4 the $ompa y ot /e!! tha <8 ho1-! be4o-e the time 4o- ho/di 3 the meeti 3 o- ad;o1- ed meeti 3 at 0hi$h the pe-!o amed i the i !t-1me t p-opo!e! to 5ote% o-% i the $a!e o4 a po//% ot /e!! tha :< ho1-! be4o-e the time appoi ted 4othe taAi 3 o4 the po// 2 a d i de4a1/t the i !t-1me t o4 p-o,y !ha// ot be t-eated a! 5a/id. Pa3e :>< o4 33: ':. A i !t-1me t appoi ti 3 a p-o,y !ha// be i eitheo4 the 4o-m! i S$hed1/e IK to the A$t o- a 4o-m a! ea- the-eto a! $i-$1m!ta $e! admit. '3. A 5ote 3i5e i a$$o-da $e 0ith the te-m! o4 a i !t-1me t o4 p-o,y !ha// be 5a/id% ot0ith!ta di 3 the p-e5io1! death o- i !a ity o4 the p-i $ipa/ o- the -e5o$atio o4 the p-o,y o- o4 the a1tho-ity 1 de- 0hi$h the p-o,y 0a! e,e$1ted% o- the t-a !4e- o4 the !ha-e! i -e!pe$t o4 0hi$h the p-o,y i! 3i5e = P-o5ided that o i timatio i 0-iti 3 o4 !1$h death% i !a ity% -e5o+ $atio o- t-a !4e- !ha// ha5e bee -e$ei5ed by the $ompa y at it! o44i$e be4o-e the $omme $eme t o4 the meeti 3 o- ad;o1- ed meeti 3 at 0hi$h the p-o,y i! 1!ed.
Boa-d o4 di-e$to-! '<. The 1mbe- o4 the di-e$to-! a d the ame! o4 the 4i-!t di-e$to-! !ha// be dete-mi ed i 0-iti 3 by the !1b!$-ibe-! o4 the memo-a d1m o- a ma;o-ity o4 them. '@. "&# The -em1 e-atio o4 the di-e$to-! !ha//% i !o4aa! it $o !i!t! o4 a mo th/y payme t% be deemed to a$$-1e 4-om day+to+day. ":# I additio to the -em1 e-atio payab/e to them i p1-!1a $e o4 the A$t% the di-e$to-! may be paid a// t-a5e//i 3% hote/ a d othe- e,pe !e! p-ope-/y i $1--ed by them + "a# i atte di 3 a d -et1- i 3 4-om meeti 3! o4 the Boa-d o4 di-e$to-! o- a y $ommittee the-eo4 o- 3e e-a/ meeti 3! o4 the $ompa y 2 o"b# i $o e$tio 0ith the b1!i e!! o4 the $ompa y. ''. The 91a/i4i$atio o4 a di-e$to- !ha// be the ho/di 3 o4 at /ea!t o e !ha-e i the $ompa y. '>. The Boa-d may pay a// e,pe !e! i $1--ed i 3etti 3 1p a d -e3i!te-i 3 the $ompa y. '8. The $ompa y may e,e-$i!e the po0e-! $o 4e--ed by !e$tio @( 0ith -e3a-d to ha5i 3 a o44i$ia/ !ea/ 4o1!e
ab-oad% a d !1$h po0e-! !ha// be 5e!ted i the Boa-d. '9. The $ompa y may e,e-$i!e the po0e-! $o 4e--ed o it by !e$tio ! &@> a d &@8 0ith -e3a-d to the Aeepi 3 o4 a 4o-ei3 -e3i!te- 2 a d the Boa-d may "!1b;e$t to the p-o5i!io ! o4 tho!e !e$tio !# maAe a d 5a-y !1$h -e31/atio ! a! it may thi A 4it -e!pe$ti 3 the Aeepi 3 o4 a y !1$h -e3i!te-. >(. A// $he91e!% p-omi!!o-y ote!% d-a4t!% h1 di!% bi//! o4 e,$ha 3e a d othe- e3otiab/e i !t-1me t!% a d a// -e$eipt! 4o- mo ey! paid to the $ompa y% !ha// be !i3 ed d-a0 % a$$epted% e do-!ed% o- othe-0i!e e,e$1ted% a! the $a!e may be% BSby the ma a3i 3 a3e t o- !e$-eta-ie! a d t-ea!1-e-! o4 the $ompa y% o- 0he-e the-e i! o ma a3i 3 a3e t o!e$-eta-ie! a d t-ea!1-e-!T% by !1$h pe-!o a d i !1$h ma e- a! the Boa-d !ha// 4-om time to time by -e!o/1tio dete-mi e. B Wo-d! !ho1/d be omitted >&. E5e-y di-e$to- p-e!e t at a y meeti 3 o4 the Boa-d o- o4 a $ommittee the-eo4 !ha// !i3 hi! ame i a booA to be Aept 4o- that p1-po!e.
>:. "&# The Boa-d !ha// ha5e po0e- at a y time% a d 4-om time to time% to appoi t a pe-!o a! a additio a/ di-e$to-% p-o5ided the 1mbe- o4 the di-e$to-! a d additio a/ di-e$to-! to3ethe- !ha// ot at a y time e,$eed the ma,im1m !t-e 3th 4i,ed 4o- the Boa-d by the a-ti$/e!. ":# S1$h pe-!o !ha// ho/d o44i$e o /y 1p to the date o4 the e,t a 1a/ 3e e-a/ meeti 3 o4 the $ompa y b1t !ha// be e/i3ib/e 4o- appoi tme t by the $ompa y a! a di-e$toat that meeti 3 !1b;e$t to the p-o5i!io ! o4 the A$t. P-o$eedi 3! o4 Boa-d >3. "&# The Boa-d o4 di-e$to-! may meet 4o- the de!pat$h o4 b1!i e!!% ad;o1- a d othe-0i!e -e31/ate it! meeti 3!% a! it thi A! 4it. ":# A di-e$tomay% a d the BSma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!%T ma a3e- o- !e$-eta-y o the -e91i!itio o4 a di-e$to- !ha//% at a y time% !1mmo a meeti 3 o4 the Boa-d. B Wo-d! !ho1/d be omitted ><. "&# Sa5e a! othe-0i!e e,p-e!!/y p-o5ided i the A$t% 91e!tio ! a-i!i 3 at a y meeti 3 o4 the Boa-d !ha// be de$ided by a ma;o-ity o4 5ote!.
":# I $a!e o4 a e91a/ity o4 5ote!% the $hai-ma o4 the Boa-d% i4 a y% !ha// ha5e a !e$o d o- $a!ti 3 5ote. >@. The $o ti 1i 3 di-e$to-! may a$t ot0ith!ta di 3 a y 5a$a $y i the Boa-d 2 b1t% i4 a d !o /o 3 a! thei1mbe- i! -ed1$ed be/o0 the 91o-1m 4i,ed by the A$t 4o- a meeti 3 o4 the Boa-d% the $o ti 1i 3 di-e$to-! odi-e$tomay a$t 4othe p1-po!e o4 i $-ea!i 3 the 1mbe- o4 di-e$to-! to that 4i,ed 4o- the 91o-1m% o- o4 !1mmo i 3 a 3e e-a/ meeti 3 o4 the $ompa y% b1t 4o- o othe- p1-po!e. Pa3e :>@ o4 33: >'. "&# The Boa-d may e/e$t a $hai-ma o4 it! meeti 3! a d dete-mi e the pe-iod 4o- 0hi$h he i! to ho/d o44i$e. ":# I4 o !1$h $hai-ma i! e/e$ted% o- i4 at a y meeti 3 the $hai-ma i! ot p-e!e t 0ithi 4i5e mi 1te! a4tethe time appoi ted 4o- ho/di 3 the meeti 3% the di-e$to-! p-e!e t may $hoo!e o e o4 thei- 1mbe- to be $hai-ma o4 the meeti 3. >>. "&# The Boa-d may% !1b;e$t to the p-o5i!io ! o4 the A$t% de/e3ate a y o4 it! po0e-! to $ommittee! $o !i!ti 3 o4 !1$h membe- o- membe-! o4 it! body a! it thi A! 4it.
":# A y $ommittee !o 4o-med !ha//% i the e,e-$i!e o4 the po0e-! !o de/e3ated% $o 4o-m to a y -e31/atio ! that may be impo!ed o it by the Boa-d. >8. "&# A $ommittee may e/e$t a $hai-ma o4 it! meeti 3!. ":# I4 o !1$h $hai-ma i! e/e$ted% o- i4 at a y meeti 3 the $hai-ma i! ot p-e!e t 0ithi 4i5e mi 1te! a4tethe time appoi ted 4o- ho/di 3 the meeti 3% the membe-! p-e!e t may $hoo!e o e o4 thei- 1mbe- to be $hai-ma o4 the meeti 3. >9. "&# A $ommittee may meet a d ad;o1- a! it thi A! p-ope-. ":# H1e!tio ! a-i!i 3 at a y meeti 3 o4 a $ommittee !ha// be dete-mi ed by a ma;o-ity o4 5ote! o4 the membe-! p-e!e t% a d i $a!e o4 a e91a/ity o4 5ote!% the $hai-ma !ha// ha5e a !e$o d o- $a!ti 3 5ote. 8(. A// a$t! do e by a y meeti 3 o4 the Boa-d o- o4 a $ommittee the-eo4 o- by a y pe-!o a$ti 3 a! a di-e$to-% !ha//% ot0ith!ta di 3 that it may be a4te-0a-d! di!$o5e-ed that the-e 0a! !ome de4e$t i the appoi tme t o4 a y o e o-
mo-e o4 !1$h di-e$to-! o- o4 a y pe-!o a$ti 3 a! a4o-e!aid% o- that they o- a y o4 them 0e-e di!91a/i4ied% be a! 5a/id a! i4 e5e-y !1$h di-e$to- o- !1$h pe-!o had bee d1/y appoi ted a d 0a! 91a/i4ied to be a di-e$to-. 8&. Sa5e a! othe-0i!e e,p-e!!/y p-o5ided i the A$t% a -e!o/1tio i 0-iti 3% !i3 ed by a// the membe-! o4 the Boa-d oo4 a $ommittee the-eo4% 4o- the time bei 3 e tit/ed to -e$ei5e oti$e o4 a meeti 3 o4 the Boa-d o- $ommittee% !ha// be a! 5a/id a d e44e$t1a/ a! i4 it had bee pa!!ed at a meeti 3 o4 the Boa-d o- $ommittee% d1/y $o 5e ed a d he/d. Ma a3e- o- !e$-eta-y 8:. S1b;e$t to the p-o5i!io ! o4 the A$t% + "&# a ma a3e- o- !e$-eta-y may be appoi ted by the Boa-d 4o- !1$h te-m% at !1$h -em1 e-atio a d 1po !1$h $o ditio ! a! it may thi A 4it 2 a d a y ma a3e- o!e$-eta-y !o appoi ted may be -emo5ed by the Boa-d 2 ":# a di-e$tomay be appoi ted a! ma a3e- o!e$-eta-y. 83. A p-o5i!io o4 the A$t o- the!e -e31/atio ! -e91i-i 3 o- a1tho-i!i 3 a thi 3 to be do e by o- to a di-e$to- a d the
ma a3e- o- !e$-eta-y !ha// ot be !ati!4ied by it! bei 3 do e by o- to the !ame pe-!o a$ti 3 both a! di-e$toa d a!% o- i p/a$e o4% the ma a3e- o- !e$-eta-y. The !ea/ 8<. "&# The Boa-d !ha// p-o5ide 4o- the !a4e $1!tody o4 the !ea/. ":# The !ea/ o4 the $ompa y !ha// ot be a44i,ed to a y i !t-1me t e,$ept by the a1tho-ity o4 a -e!o/1tio o4 the Boa-d o- o4 a $ommittee o4 the Boa-d a1tho-i!ed by it i that beha/4% a d e,$ept i the p-e!e $e o4 at /ea!t t0o di-e$to-! a d o4 the !e$-eta-y o- !1$h othepe-!o a! the Boa-d may appoi t 4o- the p1-po!e a d tho!e t0o di-e$to-! a d the !e$-eta-y o- othepe-!o a4o-e!aid !ha// !i3 e5e-y i !t-1me t to 0hi$h the !ea/ o4 the $ompa y i! !o a44i,ed i theip-e!e $e. *i5ide d! a d -e!e-5e 8@. The $ompa y i 3e e-a/ meeti 3 may de$/a-e di5ide d!% b1t o di5ide d !ha// e,$eed the amo1 t -e$omme ded by the Boa-d.
8'. The Boa-d may 4-om time to time pay to the membe-! !1$h i te-im di5ide d! a! appea- to it to be ;1!ti4ied by the p-o4it! o4 the $ompa y. 8>. "&# The Boa-d may% be4o-e -e$omme di 3 a y di5ide d% !et a!ide o1t o4 the p-o4it! o4 the $ompa y !1$h !1m! a! it thi A! p-ope- a! a -e!e-5e o- -e!e-5e! 0hi$h !ha//% at the di!$-etio o4 the Boa-d% be app/i$ab/e 4o- a y p1-po!e to 0hi$h the p-o4it! o4 the $ompa y may be p-ope-/y app/ied% i $/1di 3 p-o5i!io 4o- meeti 3 $o ti 3e $ie! o- 4oe91a/i!i 3 di5ide d! a d pe di 3 !1$h app/i$atio % may% at the /iAe di!$-etio % eithe- be emp/oyed i the b1!i e!! o4 the $ompa y o- be i 5e!ted i !1$h i 5e!tme t! "othetha !ha-e! o4 the $ompa y# a! the Boa-d may% 4-om time to time% thi A 4it. ":# The Boa-d may a/!o $a--y 4o-0a-d a y p-o4it! 0hi$h it may thi A p-1de t ot to di5ide% 0itho1t !etti 3 them a!ide a! a -e!e-5e. Pa3e :>' o4 33: 88. "&# S1b;e$t to the -i3ht! o4 pe-!o !% i4 a y% e tit/ed to !ha-e! 0ith !pe$ia/ -i3ht! a! to di5ide d!% a// di5ide d! !ha//
be de$/a-ed a d paid a$$o-di 3 to the amo1 t! paid o$-edited a! paid o the !ha-e! i -e!pe$t 0he-eo4 the di5ide d i! paid% b1t i4 a d !o /o 3 a! othi 3 i! paid 1po a y o4 the !ha-e! i the $ompa y% di5ide d! may be de$/a-ed a d paid a$$o-di 3 to the amo1 t! o4 the !ha-e!. ":# No amo1 t paid o- $-edited a! paid o a !ha-e i ad5a $e o4 $a//! !ha// be t-eated 4o- the p1-po!e! o4 thi! -e31/atio a! paid o the !ha-e. "3# A// di5ide d! !ha// be appo-tio ed a d paid p-opo-tio ate/y to the amo1 t! paid o- $-edited a! paid o the !ha-e! d1-i 3 a y po-tio o- po-tio ! o4 the pe-iod i -e!pe$t o4 0hi$h the di5ide d i! paid 2 b1t i4 a y !ha-e i! i!!1ed o te-m! p-o5idi 3 that it !ha// -a A 4o- di5ide d a! 4-om a pa-ti$1/a- date !1$h !ha-e !ha// -a A 4o- di5ide d a$$o-di 3/y. 89. The Boa-d may ded1$t 4-om a y di5ide d payab/e to a y membe- a// !1m! o4 mo ey% i4 a y% p-e!e t/y payab/e by him to the $ompa y o a$$o1 t o4 $a//! o- othe-0i!e i -e/atio to the !ha-e! o4 the $ompa y. 9(. [Omitted by Noti4i$atio No. 7SR '3&% dated :3-d Ap-i/% &9''.)
9&. "&# A y di5ide d% i te-e!t o- othemo ey! payab/e i $a!h i -e!pe$t o4 !ha-e! may be paid by $he91e o0a--a t !e t th-o13h the po!t di-e$ted to the -e3i!te-ed add-e!! o4 the ho/de- o-% i the $a!e o4 ;oi t ho/de-!% to the -e3i!te-ed add-e!! o4 that o e o4 the ;oi t ho/de-! 0ho i! 4i-!t amed o the -e3i!te- o4 membe-!% o- to !1$h pe-!o a d to !1$h add-e!! a! the ho/de- o- ;oi t ho/de-! may i 0-iti 3 di-e$t. ":# E5e-y !1$h $he91e o- 0a--a t !ha// be made payab/e to the o-de- o4 the pe-!o to 0hom it i! !e t. 9:. A y o e o4 t0o o- mo-e ;oi t ho/de-! o4 a !ha-e may 3i5e e44e$t1a/ -e$eipt! 4o- a y di5ide d!% bo 1!e! o- othemo ey! payab/e i -e!pe$t o4 !1$h !ha-e. 93. Noti$e o4 a y di5ide d that may ha5e bee de$/a-ed !ha// be 3i5e to the pe-!o ! e tit/ed to !ha-e the-ei i the ma e- me tio ed i the A$t. 9<. No di5ide d !ha// bea- i te-e!t a3ai !t the $ompa y. A$$o1 t!
9@. "&# The Boa-d !ha// 4-om time to time dete-mi e 0hethe- a d to 0hat e,te t a d at 0hat time! a d p/a$e! a d 1 de- 0hat $o ditio ! o- -e31/atio !% the a$$o1 t! a d booA! o4 the $ompa y% o- a y o4 them% !ha// be ope to the i !pe$tio o4 membe-! ot bei 3 di-e$to-!. ":# No membe- " ot bei 3 a di-e$to-# !ha// ha5e a y -i3ht o4 i !pe$ti 3 a y a$$o1 t! o- booA! odo$1me t! o4 the $ompa y e,$ept a! $o 4e--ed by /a0 o- a1tho-i!ed by the Boa-d o- by the $ompa y i 3e e-a/ meeti 3. Capita/i!atio o4 p-o4it! 9'. "&# The $ompa y i 3e e-a/ meeti 3 may% 1po the -e$omme datio o4 the Boa-d% -e!o/5e + "a# that it i! de!i-ab/e to $apita/i!e a y pa-t o4 the amo1 t 4o- the time bei 3 !ta di 3 to the $-edit o4 a y o4 the $ompa y?! -e!e-5e a$$o1 t!% o- to the $-edit o4 the p-o4it a d /o!! a$$o1 t% o- othe-0i!e a5ai/ab/e 4odi!t-ib1tio 2 a d "b# that !1$h !1m be a$$o-di 3/y !et 4-ee 4odi!t-ib1tio i the ma e- !pe$i4ied i $/a1!e ":# amo 3!t the membe-! 0ho 0o1/d ha5e bee e tit/ed the-eto% i4 di!t-ib1ted by 0ay o4 di5ide d a d i the !ame p-opo-tio !. ":# The !1m a4o-e!aid !ha// ot be paid i $a!h b1t !ha// be app/ied% !1b;e$t to the p-o5i!io $o tai ed i $/a1!e "3#%
eithe- i o- to0a-d! + "i# payi 3 1p a y amo1 t! 4o- the time bei 3 1 paid o a y !ha-e! he/d by !1$h membe-! -e!pe$ti5e/y 2 "ii# payi 3 1p i 41//% 1 i!!1ed !ha-e! o4 the $ompa y to be a//otted a d di!t-ib1ted% $-edited a! 41//y paid+1p% to a d amo 3!t !1$h membe-! i the p-opo-tio ! a4o-e!aid 2 o"iii# pa-t/y i the 0ay !pe$i4ied i !1b+$/a1!e "i# a d pa-t/y i that !pe$i4ied i !1b+$/a1!e "ii#. "3# A !ha-e p-emi1m a$$o1 t a d a $apita/ -edemptio -e!e-5e a$$o1 t may% 4o- the p1-po!e! o4 thi! -e31/atio % o /y be app/ied i the payi 3 1p o4 1 i!!1ed !ha-e! to be i!!1ed to membe-! o4 the $ompa y a! 41//y paid bo 1! !ha-e!. "<# The Boa-d !ha// 3i5e e44e$t to the -e!o/1tio pa!!ed by the $ompa y i p1-!1a $e o4 thi! -e31/atio . 9>. "&# Whe e5e- !1$h a -e!o/1tio a! a4o-e!aid !ha// ha5e bee pa!!ed% the Boa-d !ha// + "a# maAe a// app-op-iatio ! a d app/i$atio ! o4 the 1 di5ided p-o4it! -e!o/5ed to be $apita/i!ed the-eby% a d a// a//otme t! a d i!!1e! o4 41//y paid !ha-e!% i4 a y 2 a d "b# 3e e-a//y do a// a$t! a d thi 3! -e91i-ed to 3i5e e44e$t the-eto. ":# The Boa-d !ha// ha5e 41// po0e- + "a# to maAe !1$h p-o5i!io % by the i!!1e o4 4-a$tio a/ $e-ti4i$ate! o- by payme t i $a!h o- othe-0i!e a! it thi A! 4it% 4o-
the $a!e o4 !ha-e! o- debe t1-e! be$omi 3 di!t-ib1tab/e i 4-a$tio ! 2 a d a/!o "b# to a1tho-i!e a y pe-!o to e te-% o beha/4 o4 a// the membe-! e tit/ed the-eto% i to a a3-eeme t 0ith the $ompa y p-o5idi 3 4o- the a//otme t to them -e!pe$ti5e/y% $-edited a! 41//y paid+1p% o4 a y 41-the!ha-e! to 0hi$h they may be e tit/ed 1po !1$h $apita/i!atio % o- "a! the $a!e may -e91i-e# 4o- the payme t 1p by the $ompa y o theibeha/4% by the app/i$atio the-eto o4 thei- -e!pe$ti5e p-opo-tio ! o4 the p-o4it! -e!o/5ed to be $apita/i!ed% o4 the amo1 t! o- a y pa-t o4 the amo1 t! -emai i 3 1 paid o thei- e,i!ti 3 !ha-e!. Pa3e :>> o4 33: "3# A y a3-eeme t made 1 de- !1$h a1tho-ity !ha// be e44e$ti5e a d bi di 3 o a// !1$h membe-!. Wi di 3 1p 98. "&# I4 the $ompa y !ha// be 0o1 d 1p% the /i91idato- may% 0ith the !a $tio o4 a !pe$ia/ -e!o/1tio o4 the $ompa y a d a y othe- !a $tio -e91i-ed by the A$t% di5ide amo 3!t the membe-!% i !pe$ie o- Ai d% the 0ho/e oa y pa-t o4 the a!!et! o4 the $ompa y% 0hethe- they !ha// $o !i!t o4 p-ope-ty o4 the !ame Ai d o- ot.
":# Fo- the p1-po!e a4o-e!aid% the /i91idato- may !et !1$h 5a/1e a! he deem! 4ai- 1po a y p-ope-ty to be di5ided a! a4o-e!aid a d may dete-mi e ho0 !1$h di5i!io !ha// be $a--ied o1t a! bet0ee the membe-! o- di44e-e t $/a!!e! o4 membe-!. "3# The /i91idato- may% 0ith the /iAe !a $tio % 5e!t the 0ho/e o- a y pa-t o4 !1$h a!!et! i t-1!tee! 1po !1$h t-1!t! 4othe be e4it o4 the $o t-ib1to-ie! a! the /i91idato-% 0ith the /iAe !a $tio % !ha// thi A 4it% b1t !o that o membe!ha// be $ompe//ed to a$$ept a y !ha-e! o- othe- !e$1-itie! 0he-eo the-e i! a y /iabi/ity. I dem ity 99. E5e-y o44i$e- o- a3e t 4o- the time bei 3 o4 the $ompa y !ha// be i dem i4ied o1t o4 the a!!et! o4 the $ompa y a3ai !t a y /iabi/ity i $1--ed by him i de4e di 3 a y p-o$eedi 3!% 0hethe- $i5i/ o- $-imi a/% i 0hi$h ;1d3me t i! 3i5e i hi! 4a5o1- o- i 0hi$h he i! a$91itted o- i $o e$tio 0ith a y app/i$atio 1 de- !e$tio '33 i 0hi$h -e/ie4 i! 3-a ted to him by the Co1-t. TABCE B
MEMORAN*DM OF ASSOCIATION OF A COMPANG CIMITE* BG S8ARES &!t + The ame o4 the $ompa y i! .The Ea!te- Steam Pa$Aet Compa y Cimited.. : d + The -e3i!te-ed o44i$e o4 the $ompa y 0i// be !it1ated i the State o4 Bombay. 3-d + "a# The mai ob;e$t! to be p1-!1ed by the $ompa y o it! i $o-po-a+ tio a-e .the $o 5eya $e o4 pa!!e 3e-! a d 3ood! i !hip! o- boat! bet0ee !1$h p/a$e! a! the $ompa y may 4-om time to time dete-mi e.. "b# The ob;e$t! i $ide ta/ o- a $i//a-y to the attai me t o4 the abo5e mai ob;e$t! a-e .the a$91i!itio % $o !t-1$tio % b1i/di 3% !etti 3 1p a d p-o5i!io o4 e!tab/i!hme t! 4o- -epai-i 3 !hip! oboat!% 4o- the t-ai i 3 o4 pe-!o e/ -e91i-ed 4o- the -1 i 3 o4 !hip! o- boat! a d the doi 3 o4 a// !1$h othe- thi 3! a! a-e $o d1$i5e to the attai me t o4 the 4o-e3oi 3 mai ob;e$t!.. "$# The othe- ob;e$t! 4o- 0hi$h the $ompa y i! e!tab/i!hed a-e .$a--yi 3 o the b1!i e!! o4 $a--ie-! by /a d% ai- a d the -1 i 3 o4 hote/! 4o- to1-i!t!.. <th + The /iabi/ity o4 the membe-! i! /imited. @th + The !ha-e $apita/ o4 the $ompa y i! t0o h1 d-ed tho1!a d -1pee!% di5ided i to o e tho1!a d !ha-e! o4 t0o h1 d-ed -1pee! ea$h.
We% the !e5e-a/ pe-!o ! 0ho!e ame! a d add-e!!e! a-e !1b!$-ibed% a-e de!i-o1! o4 bei 3 4o-med i to a $ompa y i p1-!1a $e o4 thi! memo-a d1m o4 a!!o$iatio % a d 0e -e!pe$ti5e/y a3-ee to taAe the 1mbe- o4 !ha-e! i the $apita/ o4 the $ompa y !et oppo!ite o1- -e!pe$ti5e ame!. Name!% add-e!!e!% de!$-iptio ! a d o$$1patio ! o4 !1b!$-ibe-! N1mbe- o4 !ha-e! taAe by ea$h !1b!$-ibe&. A.B. o4.......................% Me-$ha t :. C.*. o4.......................% Me-$ha t 3. E.F. o4........................% Me-$ha t <. 7.8. o4.......................% Me-$ha t @. I.I. o4..........................% Me-$ha t '. 6.C. o4........................% Me-$ha t >. M.N. o4.......................% Me-$ha t :(( :@ 3( <( &@ @ &( Tota/ Sha-e! taAe
3:@
*ate........day o4.........&9.... !i3 at1-e! K.G. o4 ........... TABCE C
Wit e!! o4 the abo5e
MEMORAN*DM AN* ARTICCES OF ASSOCIATION OF A COMPANG CIMITE* BG 7DARANTEE AN* NOT 8AFIN7 A S8ARE CAPITAC Memo-a d1m o4 a!!o$iatio &!t + The ame o4 the $ompa y i! .The M1t1a/ Ca/$1tta Ma-i e A!!o$iatio Cimited.. : d + The -e3i!te-ed o44i$e o4 the $ompa y 0i// be !it1ate i the State o4 We!t Be 3a/. 3-d + "a# The mai ob;e$t! to be p1-!1ed by the $ompa y o it! i $o-po-atio a-e .the m1t1a/ i !1-a $e o4 !hip! be/o 3i 3 to membe-! o4 the $ompa y.. Pa3e :>8 o4 33: "b# The ob;e$t! i $ide ta/ o- a $i//a-y to the attai me t o4 the abo5e mai ob;e$t! a-e .p-o5idi 3 4o- the 0e/4a-e o4 emp/oyee! o- e,+emp/oyee! o4 the $ompa y a d the maAi 3% d-a0i 3% a$$epti 3% e do-!i 3% e,e$1ti 3 a d i!!1i 3 o4 a y e3otiab/e o- t-a !4e-ab/e do$1me t! a d the doi 3 o4 !1$h othe- thi 3! a! a-e $o d1$i5e to the attai me t o4 the 4o-e3oi 3 mai ob;e$t!..
"$# The othe- ob;e$t! 4o- 0hi$h the $ompa y i! e!tab/i!hed a-e .b1i/di 3% e91ippi 3 a d mai tai i 3 $ha-itab/e ho!pita/!% -1 i 3 o4 !$hoo/! a d 1 de-taAi 3 a y othe- !o$ia/ !e-5i$e.. <th + The /iabi/ity o4 the membe-! i! /imited. @th + E5e-y membe- o4 the $ompa y 1 de-taAe! to $o t-ib1te to the a!!et! o4 the $ompa y i the e5e t o4 it! bei 3 0o1 d 1p 0hi/e he i! a membe-% o- 0ithi o e yeaa4te- he $ea!e! to be a membe-% 4o- payme t o4 the debt! a d /iabi/itie! o4 the $ompa y $o t-a$ted be4o-e he $ea!e! to be a membe-% a d the $o!t!% $ha-3e! a d e,pe !e! o4 0i di 3 1p a d 4o- the ad;1!tme t o4 the -i3ht! o4 the $o t-ib1to-ie! amo 3 them!e/5e!% !1$h amo1 t a! may be -e91i-ed% ot e,$eedi 3 o e h1 d-ed -1pee!. We% the !e5e-a/ pe-!o ! 0ho!e ame! a d add-e!!e! a-e !1b!$-ibed% a-e de!i-o1! o4 bei 3 4o-med i to a $ompa y% i p1-!1a $e o4 thi! memo-a d1m o4 a!!o$iatio . Name!% add-e!!e!% de!$-iptio ! a d o$$1patio ! o4 !1b!$-ibe-! &. A.B. o4......................................% Me-$ha t :. C.*. o4......................................% Me-$ha t 3. E.F. o4......................................% Me-$ha t <. 7.8. o4......................................% Me-$ha t @. I.I. o4......................................% Me-$ha t '. 6.C. o4......................................% Me-$ha t
>. M.N. o4......................................% Me-$ha *ated ...........day o4.........&9...... Wit abo5e !i3 at1-e! K.G. o4........ Pa3e :>9 o4 33: ARTICCES OF ASSOCIATION OF A CIMITE* BG 7DARANTEE AN* NOT 8AFIN7 CAPITAC I te-p-etatio &.
t e!! to the COMPANG A S8ARE
"&# I the!e a-ti$/e! + "a# .the A$t. mea ! the Compa ie! A$t% &9@'% "b# .the !ea/. mea ! the $ommo !ea/ o4 the $ompa y. ":# D /e!! the $o te,t othe-0i!e -e91i-e!% 0o-d! oe,p-e!!io ! $o tai ed i the!e -e31/atio ! !ha// beathe !ame mea i 3 a! i the A$t o- a y !tat1to-y modi4i$atio the-eo4 i 4o-$e at the date at 0hi$h the!e -e31/atio ! be$ome bi di 3 o the $ompa y. Membe-! :. The 1mbe- o4 membe-! 0ith 0hi$h the $ompa y p-opo!e! to be -e3i!te-ed i! @((% b1t the Boa-d o4 di-e$to-! may% 4-om time to time% 0he e5e- the $ompa y o- the b1!i e!! o4 the $ompa y -e91i-e! it% -e3i!te- a i $-ea!e o4 membe-!.
3. The !1b!$-ibe-! to the memo-a d1m a d !1$h othepe-!o ! a! the Boa-d !ha// admit to membe-!hip !ha// be membe-! o4 the $ompa y. 7e e-a/ meeti 3! <. A// 3e e-a/ meeti 3! othetha a 1a/ 3e e-a/ meeti 3! !ha// be $a//ed e,t-ao-di a-y 3e e-a/ meeti 3!. @. "&# The Boa-d may% 0he e5e- it thi A! 4it% $a// a e,t-ao-di a-y 3e e-a/ meeti 3. ":# I4 at a y time the-e a-e ot 0ithi I dia di-e$to-! $apab/e o4 a$ti 3% 0ho a-e !144i$ie t i 1mbe- to 4o-m a 91o-1m% a y di-e$to- o- a y t0o membe-! o4 the $ompa y may $a// a e,t-ao-di a-y 3e e-a/ meeti 3 i the !ame ma e- a! ea-/y a! po!!ib/e% a! that i 0hi$h !1$h a meeti 3 may be $a//ed by the Boa-d. P-o$eedi 3! at 3e e-a/ meeti 3! '. "&# No b1!i e!! !ha// be t-a !a$ted at a y 3e e-a/ meeti 3 1 /e!! a 91o-1m o4 membe-! i! p-e!e t at the time 0he the meeti 3 p-o$eed! to b1!i e!!. ":# Sa5e a! he-ei othe-0i!e p-o5ided% 4i5e membe-! p-e!e t i pe-!o !ha// be a 91o-1m.
>. "&# I4 0ithi ha/4 a ho1- 4-om the time appoi ted 4oho/di 3 the meeti 3% a 91o-1m i! ot p-e!e t% the meeti 3% i4 $a//ed 1po the -e91i!itio o4 membe-!% !ha// be di!!o/5ed. ":# I a y othe- $a!e% the meeti 3 !ha// !ta d ad;o1- ed to the !ame day i the e,t 0eeA% at the !ame time a d p/a$e% o- to !1$h othe- day a d at !1$h othe- time a d p/a$e a! the Boa-d may dete-mi e. "3# I4 at the ad;o1- ed meeti 3 a 91o-1m i! ot p-e!e t 0ithi ha/4 a ho1- 4-om the time appoi ted 4o- the meeti 3% the membe-! p-e!e t !ha// be a 91o-1m. 8. The $hai-ma % i4 a y% o4 the Boa-d !ha// p-e!ide a! $hai-ma at e5e-y 3e e-a/ meeti 3 o4 the $ompa y. 9. I4 the-e i! o !1$h $hai-ma % o- i4 he i! ot p-e!e t 0ithi 4i4tee mi 1te! a4te- the time appoi ted 4oho/di 3 the meeti 3% o- i! 1 0i//i 3 to a$t a! $hai-ma o4 the meeti 3% the di-e$to-! p-e!e t !ha// e/e$t o e o4 thei1mbe- to be $hai-ma o4 the meeti 3. &(. I4 at a y meeti 3 o di-e$to- i! 0i//i 3 to a$t a! $hai-ma o- i4 o di-e$to- i! p-e!e t 0ithi 4i4tee mi 1te! a4te- the
time appoi ted 4o- ho/di 3 the meeti 3% the membe-! p-e!e t !ha// $hoo!e o e o4 thei- 1mbe- to be $hai-ma o4 the meeti 3. &&. "&# The $hai-ma may% 0ith the $o !e t o4 a y meeti 3 at 0hi$h a 91o-1m i! p-e!e t% a d !ha// i4 !o di-e$ted by the meeti 3% ad;o1- the meeti 3 4-om time to time a d 4-om p/a$e to p/a$e. ":# No b1!i e!! !ha// be t-a !a$ted at a y ad;o1meeti 3 othetha the b1!i e!! /e4t 1 4i i!hed at the meeti 3 4-om 0hi$h the ad;o1- me t tooA p/a$e. "3# Whe a meeti 3 i! ad;o1- ed 4o- thi-ty day! omo-e% oti$e o4 the ad;o1- ed meeti 3 !ha// be 3i5e a! i the $a!e o4 a o-i3i a/ meeti 3. "<# Sa5e a! a4o-e!aid% it !ha// ot be e$e!!a-y to 3i5e a y oti$e o4 a ad;o1- me t o- o4 the b1!i e!! to be t-a !a$ted at a ad;o1- ed meeti 3. &:. I the $a!e o4 a e91a/ity o4 5ote!% 0hethe- o a !ho0 o4 ha d! o- o a po//% the $hai-ma o4 the meeti 3 at 0hi$h the !ho0 o4 ha d! taAe! p/a$e% o- at 0hi$h the po// i! dema ded% !ha// be e tit/ed to a !e$o d o- $a!ti 3 5ote. Pa3e :8( o4 33:
&3. A y b1!i e!! othetha that 1po 0hi$h a po// ha! bee dema ded may be p-o$eeded 0ith% pe di 3 the taAi 3 o4 the po//. Fote! o4 membe-! &<. E5e-y membe- !ha// ha5e o e 5ote. &@. A membe- o4 1 !o1 d mi d% o- i -e!pe$t o4 0hom a o-deha! bee made by a y Co1-t ha5i 3 ;1-i!di$tio i /1 a$y% may 5ote% 0hethe- o a !ho0 o4 ha d! o- o a po//% by hi! $ommittee o- othe- /e3a/ 31a-dia % a d a y !1$h $ommittee o- 31a-dia may% o a po//% 5ote by p-o,y. &'. No membe- !ha// be e tit/ed to 5ote at a y 3e e-a/ meeti 3 1 /e!! a// !1m! p-e!e t/y payab/e by him to the $ompa y ha5e bee paid. &>. "&# No ob;e$tio !ha// be -ai!ed to the 91a/i4i$atio o4 a y 5ote- e,$ept at the meeti 3 o- ad;o1- ed meeti 3 at 0hi$h the 5ote ob;e$ted to i! 3i5e o- te de-ed% a d e5e-y 5ote ot di!a//o0ed at !1$h meeti 3 !ha// be 5a/id 4o- a// p1-po!e!. ":# A y !1$h ob;e$tio made i d1e time !ha// be -e4e--ed to the $hai-ma o4 the meeti 3% 0ho!e de$i!io !ha// be
4i a/ a d $o $/1!i5e. &8. A 5ote 3i5e i a$$o-da $e 0ith the te-m! o4 a i !t-1me t o4 p-o,y !ha// be 5a/id% ot0ith!ta di 3 the p-e5io1! death o- i !a ity o4 the p-i $ipa/ o- the -e5o$atio o4 the p-o,y o- o4 the a1tho-ity 1 de- 0hi$h the p-o,y 0a! e,e$1ted= P-o5ided that o i timatio i 0-iti 3 o4 !1$h death% i !a ity% -e5o$atio o- t-a !4e- !ha// ha5e bee -e$ei5ed by the $ompa y at it! o44i$e be4o-e the $omme $eme t o4 the meeti 3 o- ad;o1- ed meeti 3 at 0hi$h the p-o,y i! 1!ed. Boa-d o4 di-e$to-! &9. The 1mbe- o4 the di-e$to-! a d the ame! o4 the 4i-!t di-e$to-! !ha// be dete-mi ed i 0-iti 3 by the !1b!$-ibe-! o4 the memo-a d1m o- a ma;o-ity o4 them. :(. "&# The -em1 e-atio o4 the di-e$to-! !ha//% i !o4aa! it $o !i!t! o4 a mo th/y payme t% be deemed to a$$-1e 4-om day+to+day. ":# The di-e$to-! may a/!o be paid a// t-a5e//i 3% hote/ a d othe- e,pe !e! p-ope-/y i $1--ed by them + "a# i atte di 3 a d -et1- i 3 4-om meeti 3! o4 the Boa-d o- a y $ommittee the-eo4 o- 3e e-a/ meeti 3! o4 the
$ompa y 2 o"b# i $o e$tio 0ith the b1!i e!! o4 the $ompa y. P-o$eedi 3! o4 meeti 3! o4 Boa-d :&. "&# The Boa-d o4 di-e$to-! may meet 4o- the de!pat$h o4 b1!i e!!% ad;o1- a d othe-0i!e -e31/ate it! meeti 3!% a! it thi A! 4it. ":# A di-e$tomay% a d the BSma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e!%T ma a3e- o- !e$-eta-y o the -e91i!itio o4 a di-e$to- !ha//% at a y time% !1mmo a meeti 3 o4 the Boa-d. B Wo-d! !ho1/d be omitted ::. "&# Sa5e a! othe-0i!e e,p-e!!/y p-o5ided i the A$t% 91e!tio ! a-i!i 3 at a y meeti 3 o4 the Boa-d !ha// be de$ided by a ma;o-ity o4 5ote!. ":# I $a!e o4 a e91a/ity o4 5ote!% the $hai-ma !ha// ha5e a !e$o d o- $a!ti 3 5ote. :3. The $o ti 1i 3 di-e$to-! may a$t ot0ith!ta di 3 a y 5a$a $y i the Boa-d 2 b1t% i4 a d !o /o 3 a! thei1mbe- i! -ed1$ed be/o0 the 91o-1m 4i,ed by the A$t 4o- a meeti 3 o4 the Boa-d% the $o ti 1i 3 di-e$to-! odi-e$tomay a$t 4o-
the p1-po!e o4 i $-ea!i 3 the 1mbe- o4 di-e$to-! to that 4i,ed 4o- the 91o-1m% o- o4 !1mmo i 3 a 3e e-a/ meeti 3 o4 the $ompa y% b1t 4o- o othe- p1-po!e. :<. "&# The Boa-d may e/e$t a $hai-ma o4 it! meeti 3! a d dete-mi e the pe-iod 4o- 0hi$h he i! to ho/d o44i$e. ":# I4 o !1$h $hai-ma i! e/e$ted% o- i4 at a y meeti 3 the $hai-ma i! ot p-e!e t 0ithi 4i5e mi 1te! a4tethe time appoi ted 4o- ho/di 3 the meeti 3% the di-e$to-! p-e!e t may $hoo!e o e o4 thei- 1mbe- to be $hai-ma o4 the meeti 3. :@. "&# The Boa-d may% !1b;e$t to the p-o5i!io ! o4 the A$t% de/e3ate a y o4 it! po0e-! to $ommittee! $o !i!ti 3 o4 !1$h membe- o- membe-! o4 it! body a! it thi A! 4it. ":# A y $ommittee !o 4o-med !ha//% i the e,e-$i!e o4 the po0e-! !o de/e3ated% $o 4o-m to a y -e31/atio ! that may be impo!ed o it by the Boa-d. :'. "&# A $ommittee may e/e$t a $hai-ma o4 it! meeti 3!. Pa3e :8& o4 33: ":# I4 o !1$h $hai-ma i! e/e$ted% o- i4 at a y meeti 3 the $hai-ma i! ot p-e!e t 0ithi 4i5e mi 1te! a4tethe time
appoi ted 4o- ho/di 3 the meeti 3% the membe-! p-e!e t may $hoo!e o e o4 thei- 1mbe- to be $hai-ma o4 the meeti 3. :>. "&# A $ommittee may meet a d ad;o1- a! it thi A! p-ope-. ":# H1e!tio ! a-i!i 3 at a y meeti 3 o4 a $ommittee !ha// be dete-mi ed by a ma;o-ity o4 5ote! o4 the membe-! p-e!e t% a d i $a!e o4 a e91a/ity o4 5ote!% the $hai-ma !ha// ha5e a !e$o d o- $a!ti 3 5ote. :8. A// a$t! do e by a y meeti 3 o4 the Boa-d o- o4 a $ommittee the-eo4% o- by a y pe-!o a$ti 3 a! a di-e$to-% !ha// ot0ith!ta di 3 that it may be a4te-0a-d! di!$o5e-ed that the-e 0a! !ome de4e$t i the appoi tme t o4 a y o e omo-e o4 !1$h di-e$to-! o- o4 a y pe-!o a$ti 3 a! a4o-e!aid% o- that they o- a y o4 them 0e-e di!91a/i4ied be a! 5a/id a! i4 e5e-y !1$h di-e$to- o- !1$h pe-!o had bee d1/y appoi ted a d 0a! 91a/i4ied to be a di-e$to-. :9. Sa5e a! othe-0i!e e,p-e!!/y p-o5ided i the A$t% a -e!o/1tio i 0-iti 3% !i3 ed by a// the membe-! o4 the Boa-d oa $ommittee the-eo4 4o- the time bei 3 e tit/ed to -e$ei5e oti$e o4 a meeti 3 o4 the Boa-d o- $ommittee% !ha// be a!
5a/id a d e44e$t1a/ a! i4 it had bee pa!!ed at a meeti 3 o4 the Boa-d o- $ommittee% d1/y $o 5e ed a d he/d. Ma a3e- o- !e$-eta-y 3(. "&# A ma a3e- o- !e$-eta-y may be appoi ted by the Boa-d 4o- !1$h te-m% at !1$h -em1 e-atio a d 1po !1$h $o ditio ! a! it may thi A 4it 2 a d a y ma a3e- o!e$-eta-y !o appoi ted may be -emo5ed by the Boa-d. ":# A di-e$tomay be appoi ted a! ma a3e- o!e$-eta-y. 3&. A p-o5i!io o4 the A$t o- the!e -e31/atio ! -e91i-i 3 o- a1tho-i!i 3 a thi 3 to be do e by o- to a di-e$to- a d the ma a3e- o- !e$-eta-y !ha// ot be !ati!4ied by it! bei 3 do e by o- to the !ame pe-!o a$ti 3 both a! di-e$toa d a!% o- i p/a$e o4% the ma a3e- o- !e$-eta-y. The Sea/ 3:. "&# The Boa-d !ha// p-o5ide 4o- the !a4e $1!tody o4 the !ea/. ":# The !ea/ o4 the $ompa y !ha// ot be a44i,ed to a y i !t-1me t e,$ept by the a1tho-ity o4 a -e!o/1tio o4 the Boa-d
o4 di-e$to-!% a d e,$ept i the p-e!e $e o4 at /ea!t t0o di-e$to-! a d o4 the !e$-eta-y o- !1$h othepe-!o a! the Boa-d may appoi t 4o- the p1-po!e 2 a d tho!e t0o di-e$to-! a d the !e$-eta-y o- othepe-!o a! a4o-e!aid !ha// !i3 e5e-y i !t-1me t to 0hi$h the !ea/ o4 the $ompa y i! !o a44i,ed i thei- p-e+ !e $e. Name!% add-e!!e!% de!$-iptio ! a d o$$1patio ! o4 !1b!$-ibe-! &. A.B. o4......................................% Me-$ha t :. C.*. o4......................................% Me-$ha t 3. E.F. o4......................................% Me-$ha t <. 7.8. o4......................................% Me-$ha t @. I.I. o4......................................% Me-$ha t '. 6.C. o4......................................% Me-$ha t >. M.N. o4......................................% Me-$ha t *ated ...........day o4.........&9...... Wit e!! to the abo5e !i3 at1-e! K.G. o4........ TABCE * MEMORAN*DM AN* ARTICCES OF ASSOCIATION OF A COMPANG CIMITE* BG 7DARANTEE AN* 8AFIN7 A S8ARE CAPITAC Memo-a d1m o4 a!!o$iatio &!t + The ame o4 the $ompa y i! .The S o0y Ra 3e 8ote/ Compa y Cimited..
: d + The -e3i!te-ed o44i$e o4 the $ompa y 0i// be !it1ate i the State o4 We!t Be 3a/. 3-d + "a# The mai ob;e$t! to be p1-!1ed by the $ompa y o it! i $o-po-a+ tio a-e .the 4a$i/itati 3 o4 t-a5e//i 3 i the S o0y Ra 3e% by p-o5idi 3 hote/! a d $o 5eya $e! by !ea a d by /a d 4o- the a$$ommodatio o4 t-a5e//e-!.. "b# The ob;e$t! i $ide ta/ o- a $i//a-y to the attai me t o4 the abo5e mai ob;e$t! a-e .$o d1$ti 3 $oa$hi 3 $/a!!e! i $ate-i 3% hote/ ma a3eme t% et$.% a d the doi 3 o4 !1$h othe- thi 3! a! a-e $o d1$i5e to the attai me t o4 the 4o-e3oi 3 mai ob;e$t!.. "$# The othe- ob;e$t! 4o- 0hi$h the $ompa y i! e!tab/i!hed a-e .-1 i 3 a p1b/i!hi 3 ho1!e a d the p1b/i!hi 3 o4 pe-iodi$a/ ma3aJi e!L e0!+ pape-! $ate-i 3 to 5a-io1! i te-e!t! pe-tai i 3 to the ob;e$t! a4o-e!aid.. <th + The /iabi/ity o4 the membe-! i! /imited. @th + E5e-y membe- o4 the $ompa y 1 de-taAe! to $o t-ib1te to the a!!et! o4 the $ompa y i the e5e t o4 it! bei 3 0o1 d 1p 0hi/e he i! a membe-% o- 0ithi o e yeaa4te- he $ea!e! to be a membe- 4o- payme t o4 the debt! a d /iabi/itie! o4 the $ompa y% $o t-a$ted be4o-e he $ea!e! to be a membe-% a d the $o!t!% $ha-3e! a d e,pe !e! o4
0i di 3 1p the !ame a d 4o- the ad;1!tme t o4 the -i3ht! o4 the $o t-ib1to-ie! amo 3 them!e/5e!% !1$h amo1 t a! may be -e91i-ed% ot e,$eedi 3 4i4ty -1pee!. Pa3e :8: o4 33: 'th + The !ha-e $apita/ o4 the $ompa y !ha// $o !i!t! o4 4i5e h1 d-ed tho1!a d -1pee!% di5ided i to 4i5e tho1!a d !ha-e! o4 o e h1 d-ed -1pee! ea$h. We% the !e5e-a/ pe-!o ! 0ho!e ame! a d add-e!!e! a-e !1b!$-ibed% a-e de!i-o1! o4 bei 3 4o-med i to a $ompa y% i p1-!1a $e o4 thi! memo-a d1m o4 a!!o$iatio % a d 0e -e!pe$ti5e/y a3-ee to taAe the 1mbe- o4 !ha-e! i the $apita/ o4 the $ompa y !et oppo!ite o1- -e!pe$ti5e ame!. Name!% add-e!!e!% de!$-iptio ! a d o$$1patio ! o4 !1b!$-ibe-! N1mbe- o4 !ha-e! taAe by ea$h !1b!$-ibe&. A.B. o4.......................% Me-$ha t :(( :. C.*. o4.......................% Me-$ha t :@ 3. E.F. o4.......................% Me-$ha t 3( <. 7.8. o4.......................% Me-$ha t <( @. I.I. o4.......................% Me-$ha t &@ '. 6.C. o4.......................% Me-$ha t @ >. M.N. o4.......................% Me-$ha t &( Tota/ Sha-e! taAe 3:@ *ate........day o4.........&9.... Wit e!! o4 the abo5e !i3 at1-e! K.G. o4 ...........
ARTICCES OF ASSOCIATION OF A COMPANG CIMITE* BG 7DARANTEE AN* 8AFIN7 A S8ARE CAPITAC &. The 1mbe- o4 membe-! 0ith 0hi$h the $ompa y p-opo!e! to be -e3i!te-ed i! &((% b1t the di-e$to-! may 4-om time to time -e3i!te- a i $-ea!e o4 membe-!. :. A// the a-ti$/e! o4 Tab/e A i S$hed1/e I a e,ed to the Compa ie! A$t% &9@'% !ha// be deemed to be i $o-po-ated 0ith the!e a-ti$/e! a d to app/y to the $ompa y. Name!% add-e!!e!% de!$-iptio ! a d o$$1patio ! o4 !1b!$-ibe-! Name!% add-e!!e!% de!$-iptio ! a d o$$1patio ! o4 !1b!$-ibe-! &. A.B. o4......................................% Me-$ha t :. C.*. o4......................................% Me-$ha t 3. E.F. o4......................................% Me-$ha t <. 7.8. o4......................................% Me-$ha t @. I.I. o4......................................% Me-$ha t '. 6.C. o4......................................% Me-$ha t >. M.N. o4......................................% Me-$ha t *ated ...........day o4.........&9...... Wit e!! to the abo5e !i3 at1-e! K.G. o4........ TABCE E MEMORAN*DM AN* ARTICCES OF ASSOCIATION OF AN DNCIMITE* COMPANG
Memo-a d1m o4 a!!o$iatio &!t + The ame o4 the $ompa y i! .The Pate t Ste-eotype Compa y.. : d + The -e3i!te-ed o44i$e o4 the $ompa y 0i// be !it1ate i the State o4 We!t Be 3a/. 3-d + "a# The mai ob;e$t! to be p1-!1ed by the $ompa y o it! i $o-po-a+tio a-e .the 0o-Ai 3 o4 a pate t method o4 4o1 di 3 a d $a!ti 3 !te-eotype p/ate! o4 0hi$h method P.H. o4 Bombay% i! the !o/e pate tee.. "b# The ob;e$t! i $ide ta/ o- a $i//a-y to the attai me t o4 the abo5e mai ob;e$t! a-e .p1-$ha!i 3% taAi 3 o /ea!e o/i$e $e o- $o $e!!io o- othe-0i!e% /a d!% b1i/di 3!% 0o-A! a d a y -i3ht! a d p-i5i/e3e! o- i te-e!t the-ei 4oe!tab/i!hi 3 the e$e!!a-y 0o-A!hop!L4a$to-ie! a d the doi 3 o4 !1$h othe- thi 3! a! a-e $o d1$i5e to the attai me t o4 the 4o-e3oi 3 mai ob;e$t!.. "$# The othe- ob;e$t! 4o- 0hi$h the $ompa y i! e!tab/i!hed a-e .$o d1$ti 3 -e!ea-$h i a y 4ie/d pe-tai i 3 to the !$ie $e o4 meta//1-3y a d t1- i 3 to a$$o1 t the -e!1/t! o4 the !ame.. We% the !e5e-a/ pe-!o ! 0ho!e ame! a-e !1b!$-ibed% a-e de!i-o1! o4 bei 3 4o-med i to a $ompa y i p1-!1a $e o4 thi! memo-a d1m o4 a!!o$iatio % a d 0e -e!pe$ti5e/y a3-ee to taAe the 1mbe- o4 !ha-e! i the $apita/ o4 the
$ompa y !et oppo!ite o1- -e!pe$ti5e ame!. Name!% add-e!!e! de!$-iptio ! a d N1mbe- o4 !ha-e! o$$1patio ! o4 !1b!$-ibe-! taAe by ea$h !1b!$-ibeName!% add-e!!e!% de!$-iptio ! a d o$$1patio ! o4 !1b!$-ibe-! N1mbe- o4 !ha-e! taAe by ea$h !1b!$-ibe&. A.B. o4.......................% Me-$ha t 3 :. C.*. o4.......................% Me-$ha t : 3. E.F. o4.......................% Me-$ha t & <. 7.8. o4.......................% Me-$ha t : @. I.I. o4.......................% Me-$ha t : '. 6.C. o4.......................% Me-$ha t & >. M.N. o4.......................% Me-$ha t & Tota/ Sha-e! taAe &: *ate........day o4.........&9.... Wit e!! o4 the abo5e !i3 at1-e! K.G. o4 ........... Pa3e :83 o4 33: A-ti$/e! o4 A!!o$iatio o4 a 1 /imited $ompa y &. the 1mbe- o4 membe-! 0ith 0hi$h the $ompa y p-opo!e! to be -e3i!te-ed i! :(% b1t the Boa-d may 4-om time to time -e3i!te- a i $-ea!e o4 membe-!. :. The !ha-e $apita/ o4 the $ompa y i! t0e ty tho1!a d -1pee!% di5ided i to t0e ty !ha-e! o4 o e tho1!a d -1pee! ea$h.
3. The $ompa y may by !pe$ia/ -e!o/1tio + "a# i $-ea!e the !ha-e $apita/ by !1$h !1m to be di5ided i to !ha-e! o4 !1$h amo1 t a! the -e!o/1tio may p-e!$-ibe 2 "b# $o !o/idate it! !ha-e! i to !ha-e! o4 a /a-3eamo1 t tha it! e,i!ti 3 !ha-e! 2 "$# !1b+di5ide it! !ha-e! i to !ha-e! o4 a !ma//eamo1 t tha it! e,i!ti 3 !ha-e! 2 "d# $a $e/ a y !ha-e! 0hi$h at the date o4 the pa!!i 3 o4 the -e!o/1tio ha5e ot bee taAe o- a3-eed to be taAe by a y pe-!o 2 "e# -ed1$e it! !ha-e $apita/ i a y 0ay. <. A// the a-ti$/e! o4 Tab/e A i S$hed1/e I to the Compa ie! A$t% &9@'% e,$ept a-ti$/e! "3'% 3>% 38% 39% <<% <@ a d <'# !ha// be deemed to be i $o-po-ated 0ith the!e a-ti$/e! a d to app/y to the $ompa y. Name!% add-e!!e!% de!$-iptio ! a d o$$1patio ! o4 !1b!$-ibe-! &. A.B. o4......................................% Me-$ha t :. C.*. o4......................................% Me-$ha t 3. E.F. o4......................................% Me-$ha t <. 7.8. o4......................................% Me-$ha t @. I.I. o4......................................% Me-$ha t '. 6.C. o4......................................% Me-$ha t >. M.N. o4......................................% Me-$ha t *ated ...........day o4.........&9...... Wit e!! to the abo5e !i3 at1-e! K.G. o4........
TABCE F FORM OF STATEMENT TO BE PDBCIS8E* BG CIMITE* BAN6IN7 COMPANIES% INSDRANCE COMPANIES AN* *EPOSIT% PROFI*ENT OR BENEFIT SOCIETIES BThe !ha-e $apita/ o4 the $ompa y i! R!.................. di5ided i to ...................... !ha-e! o4 R!. .............. ea$h. The 1mbe- o4 !ha-e! i!!1ed i! .............. Ca//! to the amo1 t o4 R!........... pe- !ha-e ha5e bee made% 1 de- 0hi$h the !1m o4 R!. ............ ha! bee -e$ei5ed. The /iabi/itie! o4 the $ompa y o the thi-ty+4i-!t day o4 *e$embe- "o- thi-tieth day o4 I1 e# 0e-e + *ebt! o0i 3 to !1 d-y pe-!o ! by the $ompa y = R!. D de- de$-ee% ............................. O mo-t3a3e! o- bo d!% ............................. O ote!% bi//! o- h1 di!% ............................. O othe- $o t-a$t!% ............................. O e!timated /iabi/itie!% ............................. The a!!et! o4 the $ompa y o that day 0e-e = 7o5e- me t !e$1-itie! [!tati 3 them)% ............................. Bi//! o4 e,$ha 3e% h1 di!% a d p-omi!!o-y ote!% ............................. Ca!h at the ba Ae-!% ............................. Othe- !e$1-itie!. .............................
BI4 the $ompa y ha! o $apita/ di5ided i to !ha-e!% the po-tio o4 the !tateme t -e/ati 3 to $apita/ a d !ha-e! m1!t be omitted.
SC8E*DCE IA [See !e$tio '"$#) CIST OF RECATIFES &. Fathe-. :. Mothe- "i $/1di 3 !tep+mothe-#. 3. So "i $/1di 3 !tep+!o #. <. So ?! 0i4e. @. *a13hte- "i $/1di 3 !tep+da13hte-#. '. Fathe-?! 4athe-. >. Fathe-?! mothe-. 8. Mothe-?! mothe-. 9. Mothe-?! 4athe-. &(. So ?! !o . Pa3e :8< o4 33: &&. So ?! !o ?! 0i4e. &:. So ?! da13hte-. &3. So ?! da13hte-?! h1!ba d. &<. *a13hte-?! h1!ba d. &@. *a13hte-?! !o . &'. *a13hte-?! !o ?! 0i4e. &>. *a13hte-?! da13hte-. &8. *a13hte-?! da13hte-?! h1!ba d. &9. B-othe- "i $/1di 3 !tep+b-othe-!#. :(. B-othe-?! 0i4e. :&. Si!te- "i $/1di 3 !tep+!i!te-#.
::. Si!te-?! h1!ba d. :3+<9. [Omitted by the Compa ie! "Ame dme t# A$t% &9'@% 0.e.4. &@+&(+&9'@.)
SC8E*DCE II [See !e$tio ! <3":#"a# a d @') MATTERS TO BE SPECIFIE* IN PROSPECTDS AN* REPORTS TO BE SET ODT T8EREIN & [PART I I. 7e e-a/ i 4o-matio "a# Name a d add-e!! o4 -e3i!te-ed o44i$e o4 the $ompa y. "b# "i# Co !e t o4 the Ce t-a/ 7o5e- me t 4o- the p-e!e t i!!1e a d de$/a-atio o4 the Ce t-a/ 7o5e- me t abo1t o + -e!po !ibi/ity 4o- 4i a $ia/ !o1 d e!! o- $o--e$t e!! o4 !tateme t!. "ii# Cette- o4 i te tLi d1!t-ia/ /i$e $e a d de$/a-atio o4 the Ce t-a/ 7o5e- me t abo1t o +-e!po !ibi/ity 4o4i a $ia/ !o1 d e!! o- $o--e$t e!! o4 !tateme t!. "$# Name! o4 -e3io a/ !to$A e,$ha 3e a d othe- !to$A e,$ha 3e! 0he-e app/i$atio made 4o- /i!ti 3 o4 p-e!e t i!!1e. "d# P-o5i!io ! o4 !1b+!e$tio "&# o4 !e$tio '8A o4 the Compa ie! A$t% -e/ati 3 to p1 i!hme t 4o- 4i$titio1! app/i$atio !.
"e# Stateme tLde$/a-atio abo1t -e41 d o4 the i!!1e i4 mi im1m !1b+ !$-iptio o4 9( pe- $e t i! ot -e$ei5ed 0ithi 9( day! 4-om $/o!1-e o4 the i!!1e. "4# *e$/a-atio abo1t the i!!1e o4 a//otme t /ette-!L-e41 d! 0ithi a pe-iod o4 &( 0eeA! a d i te-e!t i $a!e o4 a y de/ay i -e41 d at the p-e!$-ibed -ate 1 de- !e$tio >3":#L":A#. "3# *ate o4 ope i 3 o4 the i!!1e. *ate o4 $/o!i 3 o4 i!!1e. *ate o4 ea-/ie!t $/o!i 3 o4 the i!!1e. "h# Name! a d add-e!!e! o4 a1dito-! a d /ead ma a3e-!. "i# Name a d add-e!! o4 t-1!tee 1 de- debe t1-e t-1!t deed "i $a!e o4 debe t1-e i!!1e#. ";# Whethe- -ati 3 4-om C-i!i/ o- a y -ati 3 a3e $y ha! bee obtai ed 4othe p-opo!ed debe t1-eLp-e4e-e $e !ha-e! i!!1e. I4 o -ati 3 ha! bee obtai ed% thi! !ho1/d be a !0e-ed a! .No.. I4 .ye!. the -ati 3 !ho1/d be i di$ated. "A# D de-0-iti 3 o4 the i!!1e "Name! a d add-e!!e! o4 the 1 de-0-ite-! a d the amo1 t 1 de-0-itte by them#. "*e$/a-atio by boa-d o4 di-e$to-! that the 1 de-0-ite-! ha5e !144i$ie t -e!o1-$e! to di!$ha-3e thei- -e!pe$ti5e ob/i3atio !.# :
["/# a !tateme t by the boa-d o4 di-e$to-! !tati 3 that + "i# a// mo ey! -e$ei5ed o1t o4 i!!1e o4 !ha-e! odebe t1-e! to p1b/i$ !ha// be t-a !4e--ed to a !epa-ate ba A a$$o1 t othetha the ba A a$$o1 t -e4e--ed to i !1b+!e$tio "3# o4 !e$tio >3 2 "ii# detai/! o4 a// mo ie! 1ti/i!ed o1t o4 the i!!1e -e4e--ed to i !1b+item "i# !ha// be di!$/o!ed 1 de- a app-op-iate !epa-ate head i the ba/a $e !heet o4 the $ompa y i di$ati 3 the p1-po!e 4o- 0hi$h !1$h mo ie! had bee 1ti/i!ed 2 a d "iii# detai/! o4 a// 1 1ti/i!ed mo ie! o1t o4 the i!!1e o4 !ha-e o- debe t1-e!% i4 a y% -e4e--ed to i !1b+item "i# !ha// be di!$/o!ed 1 de- a app-op-iate !epa-ate head i the ba/a $e !heet o4 the $ompa y i di$ati 3 the 4o-m i 0hi$h !1$h 1 1ti/i!ed mo ie! ha5e bee i 5e!ted.) &. S1b!tit1ted by Noti4i$atio No. SO '''"E# dated 3+ &(+&99&. :. I !e-ted by the Noti4i$atio No. 7SR :'@"E# dated &@+@+&99>. II. Capita/ !t-1$t1-e o4 the $ompa y "a# A1tho-i!ed% i!!1ed% !1b!$-ibed a d paid+1p $apita/. "b# SiJe o4 p-e!e t i!!1e 3i5i 3 !epa-ate/y -e!e-5atio 4o- p-e4e-e tia/ a//otme t to p-omote-! a d othe-!. "$# Paid+1p $apita/ "i# a4te- the p-e!e t i!!1e
"ii# a4te- $o 5e-!io o4 debe t1-e! "i4 app/i$ab/e#. Pa3e :8@ o4 33: III. Te-m! o4 the p-e!e t i!!1e "a# Te-m! o4 payme t!. "b# Ri3ht! o4 the i !t-1me t ho/de-!. "$# 8o0 to app/y + a5ai/abi/ity o4 4o-m!% p-o!pe$t1! a d mode o4 payme t. "d# A y !pe$ia/ ta, be e4it! 4o- $ompa y a d it! !ha-eho/de-!. IF. Pa-ti$1/a-! o4 the i!!1e "a# Ob;e$t!. "b# P-o;e$t $o!t. "$# Mea ! o4 4i a $i 3 "i $/1di 3 $o t-ib1tio p-omote-!#.
o4
F. Compa y% ma a3eme t a d p-o;e$t "a# 8i!to-y a d mai ob;e$t! a d p-e!e t b1!i e!! o4 the $ompa y. "b# S1b!idia-y"ie!# o4 the $ompa y% i4 a y "Fo- 4i a $ia/ data% -e4e- to a1dito-?! -epo-t i Pa-t II#. "$# P-omote-! a d thei- ba$A3-o1 d. "d# Name!% add-e!!e! a d o$$1patio o4 ma a3e-% ma a3i 3 di-e$to- a d othedi-e$to-! i $/1di 3 omi ee+di-e$to-!% 0ho/e+time di-e$to-! "3i5i 3 thei- di-e$to-!hip! i othe$ompa ie!#. "e# Co$atio o4 p-o;e$t. "4# P/a t a d ma$hi e-y% te$h o/o3y% p-o$e!!% et$.
"3# Co//abo-atio % a y pe-4o-ma $e 31a-a tee oa!!i!ta $e i ma-Aeti 3 by the $o//abo-ato-!. "h# I 4-a!t-1$t1-e 4a$i/itie! 4o- -a0 mate-ia/! a d 1ti/itie! /iAe 0ate-% e/e$t-i$ity% et$. "i# S$hed1/e o4 imp/eme tatio o4 the p-o;e$t a d p-o3-e!! made !o 4a-% 3i5i 3 detai/! o4 /a d a$91i!itio % $i5i/ 0o-A!% i !ta//atio o4 p/a t a d ma$hi e-y% t-ia/ p-od1$tio % date o4 $omme-$ia/ p-od1$tio % et$. ";# The p-od1$t! = "i# Nat1-e o4 the p-od1$t! + $o !1me-Li d1!t-ia/ a d e d+1!e-! "ii# App-oa$h to ma-Aeti 3 a d p-opo!ed ma-Aeti 3 !et 1p. "iii# E,po-t po!!ibi/itie! a d e,po-t ob/i3atio !% i4 a y "i $a!e o4 a $ompa y p-o5idi 3 a y .!e-5i$e. pa-ti$1/a-!% a! app/i$ab/e% be 41- i!hed#. "A# F1t1-e p-o!pe$t! + e,pe$ted $apa$ity 1ti/i!atio d1-i 3 the 4i-!t th-ee yea-! 4-om the date o4 $omme $eme t o4 p-od1$tio % a d the e,pe$ted yea- 0he the $ompa y 0o1/d be ab/e to ea- $a!h p-o4it! a d et p-o4it!. Sto$A ma-Aet data 4o- !ha-e!Ldebe t1-e! o4 the $ompa y hi3hL/o0 p-i$e i ea$h o4 the /a!t th-ee yea-! a d mo th/y hi3hL/o0 d1-i 3 the /a!t !i, mo th! "0he-e app/i$ab/e#. FI. Fo//o0i 3 pa-ti$1/a-! i -e3a-d to the $ompa y a d othe- /i!ted $ompa ie! 1 de- the !ame ma a3eme t
0ithi the mea i 3 o4 !e$tio 3>("&B# 0hi$h made a y $apita/ i!!1e d1-i 3 the /a!t th-ee yea-! = Name o4 the $ompa y Gea- o4 i!!1e Type o4 i!!1e "P1b/i$L-i3ht!L$ompo!ite# Amo1 t o4 i!!1e *ate o4 $/o!1-e o4 i!!1e *ate o4 $omp/etio o4 de/i5e-y o4 !ha-eLdebe t1-e $e-ti4i$ate! *ate o4 $omp/etio o4 the p-o;e$t% 0he-e ob;e$t o4 the i!!1e 0a! 4i a $i 3 o4 a p-o;e$t Rate o4 di5ide d paid FII. "a# O1t!ta di 3 /iti3atio pe-tai i 3 to + "i# matte-! /iAe/y to a44e$t ope-atio a d 4i a $e! o4 the $ompa y i $/1di 3 di!p1ted ta, /iabi/itie! o4 a y at1-e 2a d "ii# $-imi a/ p-o!e$1tio /a1 $hed a3ai !t the $ompa y a d the di-e$to-! 4o- a//e3ed o44e $e! 1 de- the e a$tme t! !pe$i4ied i pa-a3-aph & o4 Pa-t I o4 S$hed1/e KIII to the Compa ie! A$t% &9@'. "b# Pa-ti$1/a-! o4 de4a1/t% i4 a y% i meeti 3 !tat1to-y d1e!% i !tit1tio a/ d1e!% a d to0a-d! i !t-1me t ho/de-! /iAe debe t1-e!% 4i,ed depo!it!% a d a--ea-! o $1m1/ati5e p-e4e-e $e !ha-e!% et$. "a/!o 3i5e the !ame pa-ti$1/a-! abo1t the $ompa ie! p-omoted by the !ame p-i5ate p-omote-! a d /i!ted o !to$A e,$ha 3e!#.
"$# A y mate-ia/ de5e/opme t a4te- the date o4 the /ate!t ba/a $e !heet a d it! impa$t o pe-4o-ma $e a d p-o!pe$t! o4 the $ompa y. FIII. Ma a3eme t pe-$eptio o4 -i!A 4a$to-! "i.e.% !e !iti5ity to 4o-ei3 e,$ha 3e -ate 4/1$t1atio !% di44i$1/ty i a5ai/abi/ity o4 -a0 mate-ia/! o- i ma-Aeti 3 o4 p-od1$t!% $o!tLtime o5e--1 % et$.# PART II A. 7e e-a/ i 4o-matio &. Co !e t o4 di-e$to-!% a1dito-!% !o/i$ito-!Lad5o$ate!% ma a3e-! to the i!!1e% -e3i!t-a- o4 i!!1e% ba Ae-! to the $ompa y% ba Ae-! to the i!!1e a d e,pe-t!. :. E,pe-t opi io obtai ed% i4 a y. 3. Cha 3e% i4 a y% i di-e$to-! a d a1dito-! d1-i 3 the /a!t th-ee yea-!% a d -ea!o ! the-eo4. <. A1tho-ity 4o- the i!!1e a d detai/! o4 -e!o/1tio pa!!ed 4o- the i!!1e. @. P-o$ed1-e a d time !$hed1/e 4o- a//otme t a d i!!1e o4 $e-ti4i$ate!. Pa3e :8' o4 33: '. Name! a d add-e!!e! o4 the $ompa y !e$-eta-y% /e3a/ ad5i!e-% /ead ma a3e-!% $o+ma a3e-!% a1dito-!% ba Ae-! to the $ompa y% ba Ae-! to the i!!1e% a d b-oAe-! to the i!!1e. B. Fi a $ia/ i 4o-matio Repo-t! to be !et o1t
&. A -epo-t by the a1dito-! o4 the $ompa y 0ith -e!pe$t to + "a# p-o4it! a d /o!!e! a d a!!et! a d /iabi/itie!% i a$$o-da $e 0ith !1b+$/a1!e ":# o- "3# o4 thi! $/a1!e% a! the $a!e may -e91i-e 2 a d "b# the -ate! o4 the di5ide d!% i4 a y% paid by the $ompa y i -e!pe$t o4 ea$h $/a!! o4 !ha-e! i the $ompa y 4o- ea$h o4 the 4i5e 4i a $ia/ yea-! immediate/y p-e$edi 3 the i!!1e o4 the p-o!pe$t1!% 3i5i 3 pa-ti$1/a-! o4 ea$h $/a!! o4 !ha-e! o 0hi$h !1$h di5ide d! ha5e bee paid a d pa-ti$1/a-! o4 the $a!e! i 0hi$h o di5ide d! ha5e bee paid i -e!pe$t o4 a y $/a!! o4 !ha-e! 4o- a y o4 tho!e yea-!% a d% i4 o a$$o1 t! ha5e bee made 1p i -e!pe$t o4 a y pa-t o4 the pe-iod o4 4i5e yea-! e di 3 o a date th-ee mo th! be4o-e the i!!1e o4 the p-o!pe$t1!% $o tai i 3 a !tateme t o4 that 4a$t "a d a$$ompa ied by a !tateme t o4 the a$$o1 t! o4 the $ompa y i -e!pe$t o4 that pa-t o4 the !aid pe-iod 1p to a date ot ea-/ie- tha !i, mo th! o4 the date o4 i!!1e o4 the p-o!pe$t1! i di$ati 3 the p-o4it o- /o!! 4o- that pe-iod a d the a!!et! a d /iabi/itie! po!itio a! at the e d o4 that pe-iod to3ethe- 0ith a $e-ti4i$ate 4-om the a1dito-! that !1$h a$$o1 t! ha5e bee e,ami ed a d 4o1 d $o--e$t
by them. The !aid !tateme t may i di$ate the at1-e o4 p-o5i!io o- ad;1!tme t! made o- a-e yet to be made#. :. I4 the $ompa y ha! o !1b!idia-ie!% the -epo-t !ha// + "a# !o 4a- a! -e3a-d! p-o4it! a d /o!!e!% dea/ 0ith the p-o4it! o- /o!!e! o4 the $ompa y "di!ti 31i!hi 3 item! o4 a o + -e$1--i 3 at1-e# 4o- ea$h o4 the 4i5e 4i a $ia/ yea-! immediate/y p-e$edi 3 the i!!1e o4 the p-o!pe$t1! 2 a d "b# !o 4a- a! -e3a-d! a!!et! a d /iabi/itie!% dea/ 0ith the a!!et! a d /iabi/itie! o4 the $ompa y at the /a!t date to 0hi$h the a$$o1 t! o4 the $ompa y 0e-e made 1p. 3. I4 the $ompa y ha! !1b!idia-ie!% the -epo-t !ha// + "a# !o 4a- a! -e3a-d! p-o4it! a d /o!!e!% dea/ !epa-ate/y 0ith the $ompa y?! p-o4it! o- /o!!e! a! p-o5ided by !1b+$/a1!e ":# a d i additio dea/ eithe- + "i# a! a 0ho/e 0ith the $ombi ed p-o4it! o- /o!!e! o4 it! !1b!idia-ie! !o 4a- a! they $o $e- membe-! o4 the $ompa y 2 o"ii# i di5id1a//y 0ith the p-o4it! o- /o!!e! o4 ea$h !1b!idia-y% !o 4a- a! they $o $e- membe-! o4 the $ompa y 2 o-% i !tead o4 dea/i 3 !epa-ate/y 0ith the $ompa y?! p-o4it! o- /o!!e!% dea/ a! a 0ho/e 0ith the p-o4it! o/o!!e! o4 the
$ompa y% a d% !o 4a- a! they $o $e- membe-! o4 the $ompa y% 0ith the $ombi ed p-o4it! o- /o!!e! o4 it! !1b!idia-ie! 2a d "b# !o 4a- a! -e3a-d! a!!et! a d /iabi/itie!% dea/ !epa-ate/y 0ith the $ompa y?! a!!et! a d /iabi/itie! a! p-o5ided by !1b+$/a1!e ":# a d i additio % dea/ eithe- + "i# a! a 0ho/e 0ith the $ombi ed a!!et! a d /iabi/itie! o4 it! !1b!idia-ie!% 0ith o- 0itho1t the $ompa y?! a!!et! a d /iabi/itie! 2 o"ii# i di5id1a//y 0ith the a!!et! a d /iabi/itie! o4 ea$h !1b!idia-ie! 2 a d !ha// i di$ate a! -e!pe$t! the a!!et! a d /iabi/itie! o4 the !1b!idia-ie!% the a//o0a $e to be made 4ope-!o ! othetha membe-! o4 the $ompa y. <. I4 the p-o$eed!% o- a y pa-t o4 the p-o$eed!% o4 the i!!1e o4 the !ha-e! o- debe t1-e! a-e o- i! to be app/ied di-e$t/y o- i di-e$t/y + "i# i the p1-$ha!e o4 a y b1!i e!! 2 o"ii# i the p1-$ha!e o4 a i te-e!t i a y b1!i e!! a d by -ea!o o4 that p1-$ha!e% o- a ythi 3 to be do e i $o !e91e $e the-eo4% o- i $o e$tio the-e0ith 2 the $ompa y 0i// be$ome e tit/ed to a i te-e!t a! -e!pe$t! eithethe $apita/ o- p-o4it! a d /o!!e! o- both% i !1$h b1!i e!! e,$eedi 3 4i4ty pe- $e t% the-eo4 2 a -epo-t made by
a$$o1 ta t! "0ho !ha// be amed i the p-o!pe$t1!# 1po + "a# the p-o4it! o- /o!!e! o4 the b1!i e!! 4o- ea$h o4 the 4i5e 4i a $ia/ yea-! immediate/y p-e$edi 3 the i!!1e o4 the p-o!pe$t1! 2 a d "b# the a!!et! a d /iabi/itie! o4 the b1!i e!! at the /a!t date to 0hi$h the a$$o1 t! o4 the b1!i e!! 0e-e made 1p% bei 3 a date ot mo-e tha o e h1 d-ed a d t0e ty day! be4o-e the date o4 the i!!1e o4 the p-o!pe$t1!. @. "&# I4 + "a# the p-o$eed!% o- a y pa-t o4 the p-o$eed!% o4 the i!!1e o4 the !ha-e! o- debe t1-e! a-e o- i! to be app/ied di-e$t/y o- i di-e$t/y i a y ma e- -e!1/ti 3 i the a$91i!itio by the $ompa y o4 !ha-e! i a y othebody $o-po-ate 2 a d "b# by -ea!o o4 that a$91i!itio o- a ythi 3 to be do e i $o !e91e $e the-eo4 o- i $o e$tio the-e0ith% that body $o-po-ate 0i// be$ome a !1b!idia-y o4 the $ompa y 2 a -epo-t made by a$$o1 ta t! "0ho !ha// be amed i the p-o!pe$t1!# 1po + "i# the p-o4it! o- /o!!e! o4 the othebody $o-po-ate 4oea$h o4 the 4i5e 4i a $ia/ yea-! immediate/y p-e$edi 3 the i!!1e o4 the p-o!pe$t1! 2 a d "ii# the a!!et! a d /iabi/itie! o4 the othebody $o-po-ate at the /a!t date to 0hi$h it! a$$o1 t! 0e-e made 1p. ":# The !aid -epo-t !ha// +
"a# i di$ate ho0 the p-o4it! o- /o!!e! o4 the othebody $o-po-ate dea/t 0ith by the -epo-t 0o1/d% i -e!pe$t o4 the !ha-e! to be a$91i-ed% ha5e $o $e- ed membe-! o4 the $ompa y a d 0hat a//o0a $e 0o1/d ha5e 4a//e to be made% i -e/atio to a!!et! a d /iabi/itie! !o dea/t 0ith 4oho/de-! o4 othe- !ha-e!% i4 the $ompa y had at a// mate-ia/ time! he/d the !ha-e! to be a$91i-ed 2 a d "b# 0he-e the othebody $o-po-ate ha! !1b!idia-ie! dea/ 0ith the p-o4it! o- /o!!e! a d the a!!et! a d /iabi/itie! o4 the body $o-po-ate a d it! !1b!idia-ie! i the ma ep-o5ided by !1b+$/a1!e ":# abo5e i -e/atio to the $ompa y a d it! !1b!idia-ie!. Pa3e :8> o4 33: '. P-i $ipa/ te-m! o4 /oa a d a!!et! $ha-3ed a! !e$1-ity. C. Stat1to-y a d othe- i 4o-matio &. Mi im1m !1b!$-iptio . :. E,pe !e! o4 the i!!1e 3i5i 3 !epa-ate/y 4ee payab/e to = "a# Ad5i!e-!. "b# Re3i!t-a-! to the i!!1e. "$# Ma a3e-! to the i!!1e. "d# T-1!tee! 4o- the debe t1-e+ho/de-!. 3. D de-0-iti 3 $ommi!!io a d b-oAe-a3e. <. P-e5io1! i!!1e 4o- $a!h. @. P-e5io1! p1b/i$ o- -i3ht! i!!1e% i4 a y = "d1-i 3 /a!t 4i5e yea-!#
"a# *ate o4 a//otme t = C/o!i 3 date = *ate o4 -e41 d! = *ate o4 /i!ti 3 o the !to$A e,$ha 3e = "b# I4 the i!!1e"!# at p-emi1m o- di!$o1 t a d the amo1 t the-eo4. "$# The amo1 t paid o- payab/e by 0ay o4 p-emi1m% i4 a y% o ea$h !ha-e 0hi$h had bee i!!1ed 0ithi the t0o yea-! p-e$edi 3 the date o4 the p-o!pe$t1! o- i! to be i!!1ed% !tati 3 the date! o- p-opo!ed date! o4 i!!1e a d% 0he-e !ome !ha-e! ha5e bee o- a-e to be i!!1ed at a p-emi1m a d othe- !ha-e! o4 the !ame $/a!! at a /o0ep-emi1m% o- at pa-t o- at a di!$o1 t% the -ea!o ! 4o- the di44e-e tiatio a d ho0 a y p-emi1m! -e$ei5ed ha5e bee o- a-e to be di!po!ed o4. '. Commi!!io o- b-oAe-a3e o p-e5io1! i!!1e. >. I!!1e o4 !ha-e! othe-0i!e tha 4o- $a!h. 8. *ebe t1-e! a d -edeemab/e p-e4e-e $e !ha-e! a d othe- i !t-1me t! i!!1ed by the $ompa y o1t!ta di 3 a! o the date o4 p-o!pe$t1! a d te-m! o4 i!!1e. 9. Optio to !1b!$-ibe. & [9A. The detai/! o4 optio to !1b!$-ibe 4o- !e$1-itie! to be dea/t 0ith i a depo!ito-y.) &. I !e-ted by the *epo!ito-ie! A$t% &99' 0.-.e.4. :(+9+ &99@. &(. P1-$ha!e o4 p-ope-ty =
"i# A! -e!pe$t! a y p-ope-ty to 0hi$h thi! $/a1!e app/ie! + "a# the ame!% add-e!!e!% de!$-iptio ! a d o$$1patio ! o4 the 5e do-! 2 "b# the amo1 t paid o- payab/e i $a!h% !ha-e! odebe t1-e! to the 5e do- a d% 0he-e the-e i! mo-e tha o e !epa-ate 5e do-% o- the $ompa y i! a !1b+p1-$ha!e-% the amo1 t !o paid o- payab/e to ea$h 5e do-% !pe$i4yi 3 !epa-ate/y the amo1 t% i4 a y% paid o- payab/e 4o3ood0i// 2 "$# the at1-e o4 the tit/e o- i te-e!t i !1$h p-ope-ty a$91i-ed o- to be a$91i-ed by the $ompa y 2 "d# !ho-t pa-ti$1/a-! o4 e5e-y t-a !a$tio -e/ati 3 to the p-ope-ty $omp/eted 0ithi the t0o p-e$edi 3 yea-!% i 0hi$h a y 5e do- o4 the p-ope-ty to the $ompa y o- a y pe-!o 0ho i!% o- 0a! at the time o4 the t-a !a$tio % a p-omote-% oa di-e$to- o- p-opo!ed di-e$to- o4 the $ompa y had a y i te-e!t% di-e$t o- i di-e$t% !pe$i4yi 3 the date o4 the t-a !a$tio a d the ame o4 !1$h p-omote-% di-e$to- op-opo!ed di-e$to- a d !tati 3 the amo1 t payab/e by o- to !1$h 5e do-% p-omote-% di-e$to- o- p-opo!ed di-e$to- i -e!pe$t o4 the t-a !a$tio . "ii# The p-ope-ty to 0hi$h !1b+$/a1!e "i# app/ie!% i! a p-ope-ty p1-$ha!ed o- a$91i-ed by the $ompa y op-opo!ed to
be p1-$ha!ed o- a$91i-ed% 0hi$h i! to be paid 4o0ho//y o- pa-t/y o1t o4 the p-o$eed! o4 the i!!1e o44e-ed 4o!1b!$-iptio by the p-o!pe$t1! o- the p1-$ha!e oa$91i!itio o4 0hi$h ha! ot bee $omp/eted at the date o4 i!!1e o4 the p-o!pe$t1!% othetha p-ope-ty + "a# the $o t-a$t 4o- the p1-$ha!e o- a$91i!itio 0he-eo4 0a! e te-ed i to i the o-di a-y $o1-!e o4 the $ompa y?! b1!i e!!% the $o t-a$t ot bei 3 made i $o temp/atio o4 the i!!1e o- the i!!1e i $o !e91e $e o4 the $o t-a$t 2 o"b# a! -e!pe$t! 0hi$h the amo1 t o4 the p1-$ha!e mo ey i! ot mate-ia/. "iii# Fo- the p1-po!e o4 thi! $/a1!e% 0he-e a 5e do- i! a 4i-m% the membe-! o4 the 4i-m !ha// ot be t-eated a! !epa-ate 5e do-!. "i5# I4 the $ompa y p-opo!e! to a$91i-e a b1!i e!! 0hi$h ha! bee $a--ied o 4o- /e!! tha th-ee yea-!% the /e 3th o4 time d1-i 3 0hi$h the b1!i e!! ha! bee $a--ied o . &&. "i# *etai/! o4 di-e$to-!% p-opo!ed di-e$to-!% 0ho/e+ time di-e$to-!% thei- -em1 e-atio % appoi tme t a d -em1 e-atio o4 ma a3i 3 di-e$to-!% i te-e!t! o4 di-e$to-!% theibo--o0i 3 po0e-! a d 91a/i4i$atio !ha-e!. A y amo1 t o- be e4it paid o- 3i5e 0ithi the t0o p-e$edi 3 yea-! o- i te ded to be paid o- 3i5e to a y p-omote- o-
o44i$e- a d $o !ide-atio 4o- payme t o4 3i5i 3 o4 the be e4it. "ii# The date!% pa-tie! to% a d 3e e-a/ at1-e o4 + "a# e5e-y $o t-a$t appoi ti 3 o- 4i,i 3 the -em1 e-atio o4 a ma a3i 3 di-e$to- o- ma a3e0he e5e- e te-ed i to% that i! to !ay% 0hethe- 0ithi o- mo-e tha % t0o yea-! be4o-e the date o4 the p-o!pe$t1! 2 "b# e5e-y othe- mate-ia/ $o t-a$t% ot bei 3 a $o t-a$t e te-ed i to i the o-di a-y $o1-!e o4 the b1!i e!! $a--ied o oi te ded to be $a--ied o by the $ompa y o- a $o t-a$t e te-ed i to mo-e tha t0o yea-! be4o-e the date o4 the p-o!pe$t1!. A -ea!o ab/e time a d p/a$e at 0hi$h a y !1$h $o t-a$t o- a $opy the-eo4 may be i !pe$ted. "iii# F1// pa-ti$1/a-! o4 the at1-e a d e,te t o4 the i te-e!t% i4 a y% o4 e5e-y di-e$to- o- p-omote- + "a# i the p-omotio o4 the $ompa y 2 o"b# i a y p-ope-ty a$91i-ed by the $ompa y 0ithi t0o yea-! o4 the date o4 the p-o!pe$t1! o- p-opo!ed to be a$91i-ed by it. Pa3e :88 o4 33: Whe-e the i te-e!t o4 !1$h a di-e$to- o- p-omote$o !i!t! i bei 3 a membe- o4 a 4i-m o- $ompa y% the at1-e a d e,te t o4 the i te-e!t o4 the 4i-m o- $ompa y% 0ith a !tateme t o4 a// !1m! paid o- a3-eed to be paid to him o- to the
4i-m o- $ompa y i $a!h o- !ha-e! o- othe-0i!e by a y pe-!o eithe- to i d1$e him to be$ome% o- to 91a/i4y him a!% a di-e$to-% o- othe-0i!e 4o- !e-5i$e! -e de-ed by him oby the 4i-m o- $ompa y% i $o e$tio 0ith the p-omotio o4o-matio o4 the $ompa y. &:. Ri3ht! o4 membe-! -e3a-di 3 5oti 3% di5ide d% /ie o !ha-e! a d the p-o$e!! 4o- modi4i$atio o4 !1$h -i3ht! a d 4o-4eit1-e o4 !ha-e!. &3. Re!t-i$tio !% i4 a y% o t-a !4e- a d t-a !mi!!io o4 !ha-e!Ldebe t1-e! a d o thei- $o !o/idatio L!p/itti 3. &<. Re5a/1atio o4 a!!et!% i4 a y "d1-i 3 /a!t 4i5e yea-!#. &@. Mate-ia/ $o t-a$t! a d i !pe$tio o4 do$1me t!% e.3.% A. Mate-ia/ $o t-a$t!. B. *o$1me t!. C. Time a d p/a$e at 0hi$h the $o t-a$t! to3ethe- 0ith do$1me t! 0i// be a5ai/ab/e 4o- i !pe$tio 4-om the date o4 p-o!pe$t1! 1 ti/ the date o4 $/o!i 3 o4 the !1b!$-iptio /i!t. PART III PROFISIONS APPCGIN7 TO PARTS I AN* II OF T8E SC8E*DCE
&'. E5e-y pe-!o !ha//% 4o- the p1-po!e o4 thi! S$hed1/e% be deemed to be a 5e do- 0ho ha! e te-ed i to a y $o t-a$t% ab!o/1te o- $o ditio a/% 4o- the !a/e op1-$ha!e o- 4o- a y optio o4 p1-$ha!e% o4 a y p-ope-ty to be a$91i-ed by the $ompa y% i a y $a!e 0he-e + "a# the p1-$ha!e mo ey i! ot 41//y paid at the date o4 the i!!1e o4 the p-o!pe$t1! 2 "b# the p1-$ha!e mo ey i! to be paid o- !ati!4ied% 0ho//y o- i pa-t% o1t o4 the p-o$eed! o4 the i!!1e o44e-ed 4o!1b!$-iptio by the p-o!pe$t1!2 "$# the $o t-a$t depe d! 4o- it! 5a/idity o- 41/4i/me t o the -e!1/t o4 that i!!1e. &>. Whe-e a y p-ope-ty to be a$91i-ed by the $ompa y i! to be taAe o /ea!e% thi! S$hed1/e !ha// ha5e e44e$t a! i4 the e,p-e!!io .5e do-. i $/1ded the /e!!o-% the e,p-e!!io .p1-$ha!e mo ey. i $/1ded the $o !ide-atio 4o- the /ea!e% a d the e,p-e!!io .!1b+p1-$ha!e-. i $/1ded a !1b+/e!!ee. &8. I4 i the $a!e o4 a $ompa y 0hi$h ha! bee $a--yi 3 o b1!i e!!% o- o4 a b1!i e!! 0hi$h ha! bee $a--ied o 4o/e!! tha 4i5e 4i a $ia/ yea-!% the a$$o1 t! o4 the $ompa y o- b1!i e!! ha5e o /y bee made 1p i -e!pe$t o4 4o1-
!1$h yea-!% th-ee !1$h yea-!% t0o !1$h yea-! o- o e !1$h yea-% Pa-t II o4 thi! S$hed1/e !ha// ha5e e44e$t a! i4 -e4e-e $e! to 4o1- 4i a $ia/ yea-!% th-ee 4i a $ia/ yea-!% t0o 4i a $ia/ yea-! o- o e 4i a $ia/ yea-% a! the $a!e may be% 0e-e !1b!tit1ted 4o- -e4e-e $e! to 4i5e 4i a $ia/ yea-!. &9. Whe-e the 4i5e 4i a $ia/ yea-! immediate/y p-e$edi 3 the i!!1e o4 the p-o!pe$t1! 0hi$h a-e -e4e--ed to i Pa-t II o4 thi! S$hed1/e o- i thi! Pa-t $o5e- a pe-iod o4 /e!! tha 4i5e yea-!% -e4e-e $e! to the !aid 4i5e 4i a $ia/ yea-! i eithePa-t !ha// ha5e e44e$t a! i4 -e4e-e $e! to a 1mbe- o4 4i a $ia/ yea-! the a33-e3ate pe-iod $o5e-ed by 0hi$h i! ot /e!! tha 4i5e yea-! immediate/y p-e$edi 3 the i!!1e o4 the p-o!pe$t1! 0e-e !1b!tit1ted 4o- -e4e-e $e! to the 4i5e 4i a $ia/ yea-! a4o-e!aid. :(. A y -epo-t -e91i-ed by Pa-t II o4 thi! S$hed1/e !ha// eithe- + "a# i di$ate by 0ay o4 ote a y ad;1!tme t! a! -e!pe$t! the 4i31-e! o4 a y p-o4it! o- /o!!e! o- a!!et! a d /iabi/itie! dea/t 0ith by the -epo-t 0hi$h appea- to the pe-!o ! maAi 3 the -epo-t e$e!!a-y 2 o"b# maAe tho!e ad;1!tme t! a d i di$ate that ad;1!tme t! ha5e bee made. :&. A y -epo-t by a$$o1 ta t! -e91i-ed by Pa-t II o4 thi! S$hed1/e +
"a# !ha// be made by a$$o1 ta t! 91a/i4ied 1 dethi! A$t 4o- appoi t+ me t a! a1dito-! o4 the $ompa y 2 a d "b# !ha// ot be made by a y a$$o1 ta t 0ho i! a o44i$e- o- !e-5a t 2 o- a pa-t e- o- i the emp/oyme t o4 a o44i$e- o!e-5a t% o4 the $ompa y o- o4 the $ompa y?! !1b!idia-y o- ho/di 3 $ompa y o- o4 a !1b!idia-y o4 the $ompa y?! ho/di 3 $ompa y. Fo- the p1-po!e! o4 thi! $/a1!e% the e,p-e!!io .o44i$e-. !ha// i $/1de a p-opo!ed di-e$to- b1t ot a a1dito-. ::. I !pe$tio o4 do$1me t! = Rea!o ab/e time a d p/a$e at 0hi$h $opie! o4 a// ba/a $e !heet! a d p-o4it a d /o!! a$$o1 t!% i4 a y% o 0hi$h the -epo-t o4 the a1dito-! i! ba!ed% a d mate-ia/ $o t-a$t! a d othedo$1me t! may be i !pe$ted. Note = Te-m EEyea-?? 0he-e5e- 1!ed he-ei ea-/ie-% mea ! 4i a $ia/ yea-. *e$/a-atio & [That a// the -e/e5a t p-o5i!io ! o4 the Compa ie! A$t% &9@'% a d the 31ide/i e! i!!1ed by the 7o5e- me t othe 31ide/i e! i!!1ed by the Se$1-itie! a d E,$ha 3e Boa-d o4 I dia e!tab/i!hed 1 de- !e$tio 3 o4 the Se$1-itie! a d E,$ha 3e Boa-d o4 I dia A$t% &99:% a! the $a!e may be% ha5e bee $omp/ied 0ith a d o !tateme t made i
p-o!pe$t1! i! $o t-a-y to the p-o5i!io ! o4 the Compa ie! A$t% &9@' o- the Se$1-itie! a d E,$ha 3e Boa-d o4 I dia A$t% &99: o- -1/e! made the-e 1 de- o- 31ide/i e! i!!1ed% a! the $a!e may be) P/a$e = ..................... .......................... *ate = ...................... Si3 at1-e o4 di-e$to-! &. S1b!tit1ted by Noti4i$atio No. 7SR '@("E# dated &>+9+:((:.
Pa3e :89 o4 33:
SC8E*DCE III [See !e$tio >() FORM OF STATEMENT IN CIED OF PROSPECTDS TO BE *ECIFERE* TO RE7ISTRAR BG A COMPANG W8IC8 *OES NOT ISSDE A PROSPECTDSOR W8IC8 *OES NOT 7O TO ACCOTMENT ON A PROSPECTDS ISSDE*% AN* REPORTS TO BE SET ODT T8EREIN PART I
FORM OF STATEMENT AN* PARTICDCARS TO BE CONTAINE* T8EREIN T8E COMPANIES ACT% &9@' Stateme t i /ie1 o4 p-o!pe$t1! de/i5e-ed 4o-e3i!t-atio by UUUUUUUUUUUUUUUUUUUUUUUU UUUUUUUUUUUUUUUUUUUUUUU "I !e-t the ame o4 the $ompa y# PDRSDANT TO SECTION >( OF T8E COMPANIES ACT% &9@' *e/i5e-ed 4o- -e3i!t-atio by........................... The omi a/ !ha-e $apita/ o4 the $ompa y R!. .......................................... *i5ided i to .....Sha-e! o4 R!. ......... ea$h ...... . . . ............... . ...... . . . ............... . ......!ha-e! o4 R! .........ea$h Amo1 t "i4 a y# o4 abo5e $apita/ 0hi$h $o !i!t! o4 -edeemab/e p-e4e-e $e !ha-e! The ea-/ie!t date o 0hi$h the $ompa y ha! po0e- to -edeem the!e !ha-e!. Name!% add-e!!e!% de!$-iptio ! a d o$$1patio ! o4+ "a# di-e$to-! o- p-opo!ed di-e$to-! 2 "b# ma a3i 3 di-e$to- o- p-opo!ed ma a3i 3 di-e$to- 2 "$# BS% ma a3i 3 a3e t o- p-opo!ed ma a3i 3 a3e t 2
"d# !e$-eta-ie! a d t-ea!1-e! o- p-opo!ed !e$-eta-ie! a d t-ea!1-e-!T2 "e# ma a3e- o- p-opo!ed ma a3e-. A y p-o5i!io i the a-ti$/e! o4 the $ompa y% o- i a y $o t-a$t i--e!pe$ti5e o4 the time 0he it 0a! e te-ed i to% a! to the appoi tme t o4 a d -em1 e-atio payab/e to the pe-!o ! -e4e--ed to i "a#% "b#% "$#% "d# a d "e# abo5e. I4 the !ha-e $apita/ o4 the $ompa y i! di5ided i to di44e-e t $/a!!e! o4 !ha-e!% the -i3ht o4 5oti 3 at meeti 3! o4 the $ompa y $o 4e--ed by% a d the -i3ht! i -e!pe$t o4 $apita/ a d di5ide d! atta$hed to% the !e5e-a/ $/a!!e! o4 !ha-e! -e!pe$ti5e/y. N1mbe- a d amo1 t o4 !ha-e! a d debe t1-e! a3-eed to be i!!1ed a! 41//y o- pa-t/y paid+1p othe-0i!e tha i $a!h. &. ..........!ha-e o4 R! .................... 41//y paid :. ............!ha-e! 1po 0hi$h% R!. ......... pe- !ha-e $-edited a! paid. 3. .............debe t1-e!. R! ........... <.Co !ide-atio = The $o !ide-atio 4o- the i te ded i!!1e o4 tho!e !ha-e! a d debe t1-e!.
N1mbe-% de!$-iptio a d amo1 t o4 a y !ha-e! odebe t1-e! 0hi$h a y pe-!o ha! o- i! e tit/ed to be 3i5e a optio to !1b!$-ibe 4o-% o- to a$91i-e 4-om% a pe-!o to 0hom they ha5e bee a//otted o- a3-eed to be a//otted 0ith a 5ie0 to hi! o44e-i 3 them 4o- !a/e. &. ........... !ha-e! o4 R!. ............. a d debe t1-e! o4 R!. ............. Pe-iod d1-i 3 0hi$h the optio i! e,e-$i!ab/e. :. D ti/ P-i$e to be paid 4o- !ha-e! o- debe t1-e! !1b!$-ibed 4o- o- a$91i-ed 1 de- the optio . 3. Co !ide-atio 4o- the optio o- the -i3ht to optio . <. Co !ide-atio ........................ Pa3e :9( o4 33: Pe-!o ! to 0hom the optio o- the -i3ht to optio 0a! 3i5e o-% i4 3i5e to e,i!ti 3 !ha-eho/de-! o- debe t1-e ho/de-! a! !1$h% the -e/e5a t !ha-e! o- debe t1-e!. @. Name! a d add-e!!e! + Name!% o$$1patio ! a d add-e!!e! o4 5e do-! o4 p-ope-ty p1-$ha!ed o- a$91i-ed% o- p-opo!ed to be p1-$ha!ed o- a$91i-ed by the $ompa y e,$ept 0he-e the $o t-a$t 4o- it! p1-$ha!e o- a$91i!itio 0a! e te-ed i to i the o-di a-y $o1-!e o4 the b1!i e!! i te ded to
be $a--ied o by the $ompa y o- the amo1 t o4 the p1-$ha!e mo ey i! ot mate-ia/. Amo1 t "i $a!h% !ha-e! o- debe t1-e!# payab/e to ea$h !epa-ate 5e do-. Tota/ p1-$ha!e p-i$e = R!. ................................................. Amo1 t "i4 a y# paid o- payab/e "i $a!h% !ha-e! odebe t1-e!# 4o- ea$h !1$h p-ope-ty% !pe$i4yi 3 amo1 t "i4 a y# paid o- payab/e 4o- 3ood0i//. Ca!h R!. ..................... Sha-e! R!. ..................... *ebe t1-e! R!. ..................... 7ood 0i// R!. ..................... Sho-t pa-ti$1/a-! o4 e5e-y t-a !a$tio -e/ati 3 to ea$h !1$h p-ope-ty 0hi$h 0a! $omp/eted 0ithi the t0o p-e$edi 3 yea-! a d i 0hi$h a y 5e do- to the $ompa y o- a y pe-!o 0ho i!% o- 0a! at the time the-eo4% a p-omote-% di-e$to- o- p-opo!ed di-e$to- o4 the $ompa y had a y i te-e!t% di-e$t o- i di-e$t. Amo1 t "i4 a y# paid o- payab/e a! $ommi!!io 4o!1b!$-ibi 3 o- a3-eei 3 to !1b!$-ibe o- p-o$1-i 3 oa3-eei 3 to p-o$1-e !1b!$-iptio ! 4o- a y !ha-e! odebe t1-e! i the $ompa y 2 Amo1 t paid.............................. Amo1 t payab/e....................... o-
Rate o4 the $ommi!!io
Rate pe- $e t
The 1mbe- o4 !ha-e!% i4 a y% 0hi$h pe-!o ! ha5e a3-eed to !1b!$-ibe 4o- a $ommi!!io . I4 it i! p-opo!ed to a$91i-e a y b1!i e!!% the amo1 t% a! $e-ti4ied by the pe-!o ! by 0hom the a$$o1 t! o4 the b1!i e!! ha5e bee a1dited% o4 the et p-o4it! o4 the b1!i e!! i -e!pe$t o4 ea$h o4 the 4i5e yea-! immediate/y p-e$edi 3 the date o4 thi! !tateme t% p-o5ided that i the $a!e o4 a b1!i e!! 0hi$h ha! bee $a--ied o 4o- /e!! tha 4i5e yea-! a d the a$$o1 t! o4 0hi$h ha5e o /y bee made 1p i -e!pe$t o4 4o1yea-!% th-ee yea-!% t0o yea-! o- o e yea-% the abo5e -e91i-eme t! !ha// ha5e e44e$t a! i4 -e4e-e $e! to 4o1yea-!% th-ee yea-!% t0o yea-! o- o e yea-% a! the $a!e may be% 0e-e !1b!tit1ted 4o- -e4e-e $e! to 4i5e yea-!% a d i a y !1$h $a!e the !tateme t !ha// !ay ho0 /o 3 the b1!i e!! to be a$91i-ed ha! bee $a--ied o . Whe-e the 4i a $ia/ yea- 0ith -e!pe$t to 0hi$h the a$$o1 t! o4 the b1!i e!! ha5e bee made 1p i! 3-eate- o- /e!! tha a yea-% -e4e-e $e! to 4i5e yea-!% 4o1- yea-!% th-ee yea-!% t0o yea-!% a d o e yea- i thi! pa-a3-aph !ha// ha5e e44e$t a! i4 -e4e-e $e! to !1$h 1mbe- o4 4i a $ia/ yea-! a! i the a33-e3ate% $o5e- a pe-iod o4 ot /e!! tha 4i5e yea-!% 4o1- yea-!% th-ee yea-!% t0o yea-! o- o e yea-% a! the $a!e may be% 0e-e !1b!tit1ted 4o- -e4e-e $e! to th-ee yea-!% t0o yea-! a d o e yea-% -e!pe$ti5e/y.
E!timated amo1 t o4 p-e/imi a-y R!. .................................................
e,pe !e!.
By 0hom tho!e e,pe !e! ha5e bee paid o- a-e payab/e. Pa3e :9& o4 33: Amo1 t paid o- i te ded to be paid to a y p-omote-. Name o4 p-omote-..................... Amo1 t R!. .................................. Co !ide-atio 4o- the payme t Co !ide-atio ....................... A y othebe e4it 3i5e o- i te ded to be 3i5e to a y p-omoteName o4 p-omote-.................. Nat1-e a d 5a/1e o4 be e4it................. Co !ide-atio 4othe Co !ide-atio ..................... *ate! o4% pa-tie! to% a d 3e e-a/ at1-e o4 = "a# $o t-a$t appoi ti 3 o- 4i,i 3 the -em1 e-atio o4 di-e$to-!% ma a3i 3 di-e$to- BS% ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!%T oma a3e- 2 a d "b# e5e-y othe- mate-ia/ $o t-a$t "othetha "i#
be e4it
$o t-a$t! e te-ed i to i the o-di a-y $o1-!e o4 the b1!i e!! i te ded to be $a--ied o by the $ompa y% o"ii# e te-ed i to mo-e tha t0o yea-! be4o-e the de/i5e-y o4 thi! !tateme t#. Time a d p/a$e at 0hi$h "&# the $o t-a$t! o- $opie! the-eo4 o- ":#"i# i the $a!e o4 a $o t-a$t ot -ed1$ed i to 0-iti 3% a memo-a d1m 3i5i 3 41// pa-ti$1/a-! the-eo4% a d "ii# i the $a!e o4 a $o t-a$t 0ho//y opa-t/y i a /a 31a3e othetha E 3/i!h% a $opy o4 a t-a !/atio the-eo4 i E 3/i!h o- embodyi 3 a t-a !/atio i E 3/i!h o4 the pa-t! i the othe/a 31a3e% a! the $a!e may be% bei 3 a t-a !/atio $e-ti4ied i the p-e!$-ibed ma e- to be a $o--e$t t-a !/atio % may be i !pe$ted. Name! a d add-e!!e! o4 the a1dito-! o4 the $ompa y "i4 a y#. F1// pa-ti$1/a-! o4 the at1-e a d e,te t o4 the i te-e!t o4 e5e-y di-e$to-% ma a3i 3 di-e$to- BS% ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!T o- ma a3e- i the p-omotio o4 o- i the p-ope-ty p-opo!ed to be a$91i-ed by the $ompa y% o- 0he-e the i te-e!t o4 !1$h a di-e$to- $o !i!t! i bei 3 a pa-t e- i a 4i-m% the at1-e a d e,te t o4 the i te-e!t o4 the 4i-m% 0ith a !tateme t o4 a// !1m! paid o- a3-eed to be paid to him o- to the 4i-m i $a!h o- !ha-e!% o- othe-0i!e% by a y pe-!o eithe- to i d1$e him to be$ome% o- to 91a/i4y him a!% a di-e$to-% o- othe-0i!e 4o- !e-5i$e! -e de-ed by him o- by the 4i-m i $o e$tio 0ith the p-omotio o- 4o-matio o4 the $ompa y.
"Si3 at1-e! o4 the pe-!o ! abo5e amed a! di-e$to-! o- p-opo!ed di-e$to-!% o- o4 thei- a3e t! a1tho-i!ed i 0-iti 3.# ............................................ ............................................ ............................................ *ate................... B Wo-d! !ho1/d be omitted PART II REPORTS TO BE SET ODT &. Whe-e it i! p-opo!ed to a$91i-e a b1!i e!!% a -epo-t made by a$$o1 ta t! "0ho !ha// be amed i the !tateme t# 1po + "a# the p-o4it! o- /o!!e! o4 the b1!i e!! i -e!pe$t o4 ea$h o4 the 4i5e 4i a $ia/ yea-! immediate/y p-e$edi 3 the de/i5e-y o4 the !tateme t to the Re3i!t-a- 2 a d "b# the a!!et! a d /iabi/itie! o4 the b1!i e!! a! at the /a!t date to 0hi$h the a$$o1 t! o4 the b1!i e!! 0e-e made 1p. :. "&# Whe-e it i! p-opo!ed to a$91i-e !ha-e! i a body $o-po-ate 0hi$h by -ea!o o4 the a$91i!itio oa ythi 3 to be do e i $o !e91e $e the-eo4 o- i $o e$tio the-e0ith 0i// be$ome a !1b!idia-y o4 the $ompa y% a -epo-t made by
a$$o1 ta t! "0ho !ha// be amed i the !tateme t# 0ith -e!pe$t to the p-o4it! a d /o!!e! a d a!!et! a d /iabi/itie! o4 the othebody $o-po-ate i a$$o-da $e 0ith !1b+ $/a1!e ":# o- "3# o4 thi! $/a1!e% a! the $a!e may -e91i-e% i di$ati 3 ho0 the p-o4it! o- /o!!e! o4 the othebody $o-po-ate dea/t 0ith by the -epo-t 0o1/d% i -e!pe$t o4 the !ha-e! to be Pa3e :9: o4 33: a$91i-ed% ha5e $o $e- ed membe-! o4 the $ompa y% a d 0hat a//o0a $e 0o1/d ha5e 4a//e to be made% i -e/atio to a!!et! a d /iabi/itie! !o dea/t 0ith% 4o- ho/de-! o4 othe!ha-e!% i4 the $ompa y had at a// mate-ia/ time! he/d the !ha-e! to be a$91i-ed. ":# I4 the othebody $o-po-ate ha! o !1b!idia-ie!% the -epo-t -e4e--ed to i !1b+$/a1!e "&# !ha// + "a# !o 4a- a! -e3a-d! p-o4it! a d /o!!e!% dea/ 0ith the p-o4it! o- /o!!e! o4 the body $o-po-ate i -e!pe$t o4 ea$h o4 the 4i5e 4i a $ia/ yea-! immediate/y p-e$edi 3 the de/i5e-y o4 the !tateme t to the Re3i!t-a-2 "b# !o 4a- a! -e3a-d! a!!et! a d /iabi/itie!% dea/ 0ith the a!!et! a d /iabi/itie! o4 the body $o-po-ate a! at the /a!t date to 0hi$h the a$$o1 t! o4 the body $o-po-ate 0e-e made 1p. "3# I4 the othebody $o-po-ate ha! !1b!idia-ie!% the -epo-t -e4e--ed to i !1b+$/a1!e "&# !ha// +
"a# !o 4a- a! -e3a-d! p-o4it! a d /o!!e!% dea/ !epa-ate/y 0ith the othebody $o-po-ate?! p-o4it! o/o!!e! a! p-o5ided by !1b+$/a1!e ":#% a d i additio dea/ eithe- + "i# a! a 0ho/e 0ith the $ombi ed p-o4it! o- /o!!e! o4 it! !1b!idia-ie! !o 4a- a! they $o $e- membe-! o4 the othebody $o-po-ate 2 o"ii# i di5id1a//y 0ith the p-o4it! o- /o!!e! o4 ea$h !1b!idia-y% !o 4a- a! they $o $e- membe-! o4 the othebody $o-po-ate 2 o-% i !tead o4 dea/i 3 !epa-ate/y 0ith the othebody $o-po-ate?! p-o4it! o- /o!!e!% dea/ a! a 0ho/e 0ith the p-o4it! o/o!!e! o4 the othebody $o-po-ate% a d% !o 4a- a! they $o $e- membe-! o4 the othebody $o-po-ate% 0ith the $ombi ed p-o4it! o- /o!!e! o4 it! !1b!idia-ie! 2 a d "b# !o 4a- a! -e3a-d! a!!et! a d /iabi/itie!% dea/ !epa-ate/y 0ith the othebody $o-po-ate?! a!!et! a d /iabi/itie! a! p-o5ided by !1b+$/a1!e ":# a d% i additio % dea/ eithe+ "i# a! a 0ho/e 0ith the $ombi ed a!!et! a d /iabi/itie! o4 it! !1b!idia-ie!% 0ith o- 0itho1t the othebody $o-po-ate?! a!!et! a d /iabi/itie! 2 o"ii# i di5id1a//y 0ith the a!!et! a d /iabi/itie! o4 ea$h !1b+ !idia-y 2 a d !ha// i di$ate% a! -e!pe$t! the a!!et! a d
/iabi/itie! o4 the !1b!idia-ie!% the a//o0a $e to be made 4o- pe-!o ! othetha membe-! o4 the $ompa y. PART III PROFISIONS APPCGIN7 TO PARTS I AN* II OF T8IS SC8E*DCE 3. "&# I thi! S$hed1/e% the e,p-e!!io .5e do-. i $/1de! a 5e do- a! de4i ed i Pa-t III o4 S$hed1/e II. ":# C/a1!e 3& o4 S$hed1/e II !ha// app/y to the i te-p-etatio o4 Pa-t II o4 thi! S$hed1/e a! it app/ie! to the i te-p-etatio o4 Pa-t II o4 S$hed1/e II. <. I4 i the $a!e o4 a b1!i e!! 0hi$h ha! bee $a--ied o % o- o4 a body $o-po-ate 0hi$h ha! bee $a--yi 3 o b1!i e!!% 4o- /e!! tha 4i5e 4i a $ia/ yea-!% the a$$o1 t! o4 the b1!i e!! o- body $o-po-ate ha5e o /y bee made 1p i -e!pe$t o4 4o1- !1$h yea-!% th-ee !1$h yea-!% t0o !1$h yea-! oo e !1$h yea-% Pa-t II o4 thi! S$hed1/e !ha// ha5e e44e$t a! i4 -e4e-e $e! to 4o1- 4i a $ia/ yea-!% th-ee 4i a $ia/ yea-!% t0o 4i a $ia/ yea-! o- o e 4i a $ia/ yea-% a! the $a!e may be% 0e-e !1b!tit1ted 4o- -e4e-e $e! to 4i5e 4i a $ia/ yea-!. @. A y -epo-t -e91i-ed by Pa-t II o4 thi! S$hed1/e !ha// eithe- +
"a# i di$ate by 0ay o4 ote a y ad;1!tme t! a! -e!pe$t! the 4i31-e! o4 a y p-o4it! o- /o!!e! o- a!!et! a d /iabi/itie! dea/t 0ith by the -epo-t 0hi$h appea- to the pe-!o maAi 3 the -epo-t e$e!!a-y 2 o"b# maAe tho!e ad;1!tme t! a d i di$ate that ad;1!tme t! ha5e bee made. '. A y -epo-t by a$$o1 ta t! -e91i-ed by Pa-t II o4 thi! S$hed1/e + "a# !ha// be made by a$$o1 ta t! 91a/i4ied 1 dethi! A$t 4o- appoi tme t a! a1dito-! o4 a $ompa y 2 a d "b# !ha// ot be made by a y a$$o1 ta t 0ho i! a o44i$e- o- !e-5a t% o- a pa-t e- o- i the emp/oyme t o4 a o44i$e- o!e-5a t% o4 the $ompa y o- o4 the $ompa y?! !1b!idia-y o- ho/di 3 $ompa y o- o4 a !1b!idia-y o4 the $ompa y?! ho/di 3 $ompa y. Fo- the p1-po!e! o4 thi! $/a1!e% the e,p-e!!io .o44i$e-. !ha// i $/1de a p-opo!ed di-e$to- b1t ot a a1dito-. SC8E*DCE IF Fo-m o4 Stateme t i /ie1 o4 p-o!pe$t1! to be de/i5e-ed to Re3i!t-a- by a p-i5ate $ompa y o be$omi 3 a p1b/i$ $ompa y a d -epo-t! to be !et o1t the-ei [See !e$tio <<":#"b#) PART I
Fo-m o4 !tateme t a d pa-ti$1/a-! to be $o tai ed the-ei The Compa ie! A$t% &9@' Stateme t i /ie1 o4 p-o!pe$t1! de/i5e-ed 4o-e3i!t-atio by UUUUUUUUUUU "I !e-t the ame o4 the $ompa y# P1-!1a t to $/a1!e "b# o4 !1b+!e$tio ":# o4 !e$tio << o4 the Compa ie! A$t% &9@' *e/i5e-ed 4o- -e3i!t-atio by *e/i5e-ed 4o- -e3i!t-atio by ................. Pa3e :93 o4 33: The omi a/ !ha-e $apita/ o4 the $ompa y *i5ided i to R!UUU!ha-e! o4 R!UUU.ea$hUUU%% %% %%UUUU%% %% %%UUUU%% %% %%UUUU Amo1 t "i4 a y# o4 abo5e $apita/ 0hi$h $o !i!t! o4 -edeemab/e p-e4e-e $e !ha-e!. .....!ha-e! o4 R!UUU.ea$h The ea-/ie!t date o 0hi$h the $ompa y ha! po0e- to -edeem the!e !ha-e! Name!% add-e!!e!% de!$-iptio ! a d o$$1patio ! o4+ "a#di-e$to-! o- p-opo!ed di-e$to-!2 "b#ma a3i 3 di-e$to- o- p-opo!ed ma a3i 3 di-e$to-2 "$# & [BBB) "d# :
[BBB) "e#ma a3e- o- p-opo!ed ma a3e-. A y p-o5i!io i the a-ti$/e! o4 the $ompa y% o- i a y $o t-a$t i--e!pe$ti5e o4 the time 0he it 0a! e te-ed i to a! to the appoi tme t o4 a d -em1 e-atio payab/e to the pe-!o ! -e4e--ed to i "a#% "b# 3 [BBB) a d "e# abo5e Amo1 t o4 !ha-e! i!!1ed. UUU.!ha-e! Amo1 t o4 $ommi!!io paid o- payab/e i $o e$tio the-e0ith. Amo1 t o4 di!$o1 t% i4 a y% a//o0ed o the i!!1e o4 a y !ha-e!% o- !o m1$h the-eo4 a! ha! ot bee 0-itte o44 at the date o4 the !tateme t. D /e!! mo-e tha t0o yea-! ha5e e/ap!ed !i $e the date o 0hi$h the $ompa y 0a! e tit/ed to $omme $e b1!i e!!=+ Amo1 t o4 p-e/imi a-y e,pe !e!. R!. UUU By 0hom tho!e e,pe !e! ha5e bee paid o- a-e payab/e. Amo1 t paid o- i te ded to be paid to a y p-omote-. Name o4 p-omote- UUU.Amo1 t R!UUU. Co !ide-atio 4o- the payme t. Co !ide-atio UUU. A y othebe e4it 3i5e o- i te ded to be 3i5e to a y p-omote-. Name o4 p-omote- ...........Nat1-e a d 5a/1e UUU. o4 be e4it UUU. Co !ide-atio 4o- the be e4it. Co !ide-atio UUU.
I4 the !ha-e $apita/ o4 the $ompa y i! di5ided i to di44e-e t $/a!!e! o4 !ha-e!% the -i3ht o4 5oti 3 at meeti 3! o4 the $ompa y $o 4e--ed by% a d the -i3ht! i -e!pe$t o4 $apita/ a d di5ide d! atta$hed to% the !e5e-a/ $/a!!e! o4 !ha-e! -e!pe$ti5e/y. N1mbe- a d amo1 t o4 !ha-e! a d debe t1-e! i!!1ed 0ithi the t0o yea-! p-e$edi 3 the date o4 that !tateme t a! 41//y opa-t/y paid+1p othe-0i!e tha 4o- $a!h o- a3-eed to be !o i!!1ed at the date o4 thi! !tateme t. &. UUU.!ha-e! o4 R!. UUU. 41//y paid:. UUU.!ha-e 1po 0hi$h R!. UUU. pe!ha-e $-edited a! paid.3. UUU. debe t1-e! o4 R!. UUU. ea$h Co !ide-atio 4o- the i!!1e o4 tho!e !ha-e! odebe t1-e!. <. Co !ide-atio = N1mbe-% de!$-iptio a d amo1 t o4 a y !ha-e! odebe t1-e! 0hi$h a y pe-!o ha! o- i! e tit/ed to be 3i5e a optio to !1b!$-ibe 4o-% o- to a$91i-e 4-om% a pe-!o to 0hom they ha5e bee a//otted o- a3-eed to be a//otted 0ith a 5ie0 to hi! o44e-i 3 them o- !a/e. &. UUU. !ha-e! o4 R!. UUU. a d UUU. debe t1-e! o4 R!. UUU. Pe-iod d1-i 3 0hi$h the optio i! e,e-$i!ab/e. :. D ti/
P-i$e to be paid 4o- !ha-e! o- debe t1-e! !1b!$-ibed 4o- o- a$91i-ed 1 dethe optio . 3 Co !ide-atio 4o- the optio o- -i3ht to optio . <. Co !ide-atio = Pe-!o ! to 0hom the optio o- the -i3ht to optio 0a! 3i5e o-% i4 3i5e to e,i!ti 3 !ha-eho/de-! o- debe t1-e ho/de-! a! !1$h% the -e/e5a t !ha-e! o- debe t1-e!. @. Name! a d add-e!!e!UUU. Name!% add-e!!e!% de!$-iptio ! a d o$$1patio ! o4 5e do-! o4 p-ope-ty "&# p1-$ha!ed o- a$91i-ed by the $ompa y 0ithi the t0o yea-! p-e$edi 3 the date o4 thi! !tateme t o- ":# a3-eed o- p-opo!ed to be p1-$ha!ed oa$91i-ed by the $ompa y% e,$ept 0he-e the $o t-a$t 4o- it! p1-$ha!e o- Pa3e :9< o4 33: a$91i!itio 0a! e te-ed i to i the o-di a-y $o1-!e o4 b1!i e!! a d the-e i! o $o e$tio bet0ee the t-a !a$tio a d the $ompa y $ea!i 3 to be a p-i5ate $ompa y o- 0he-e the amo1 t o4 the p1-$ha!e mo ey i! ot mate-ia/. Amo1 t "i $a!h% !ha-e! o- debe t1-e!# paid opayab/e to ea$h !epa-ate 5e do-. Tota/ p1-$ha!e p-i$e R!. UUU.
Amo1 t paid o- payab/e i $a!h% !ha-e! o- debe t1-e! 4o- ea$h !1$h p-ope-ty% !pe$i4yi 3 the amo1 t paid o- payab/e 4o3ood0i//.Sho-t pa-ti$1/a-! o4 e5e-y t-a !a$tio -e/atio to ea$h !1$h p-ope-ty 0hi$h 0a! $omp/eted 0ithi the t0o p-e$edi 3 yea-! a d i 0hi$h a y 5e do- to the $ompa y o- a y pe-!o 0ho i!% o- 0a! at the time the-eo4% a p-omote-% di-e$to- o- p-opo!ed di-e$to- o4 the $ompa y had a y i te-e!t di-e$t oi di-e$t. Ca!h R!. UUU. Sha-e! R!UUU. *ebe t1-e! R!UUU. 7ood0i// R!.UUU. Amo1 t "i4 a y# paid o- payab/e a! $ommi!!io 4o!1b!$-ibi 3 oa3-eei 3 to !1b!$-ibe o- p-o$1-i 3 o- a3-eei 3 to p-o$1-e !1b!$-iptio ! 4o- a y !ha-e! o- debe t1-e! i the $ompa y2 o- -ate o4 the $ommi!!io . Amo1 t paid UUU. Amo1 t payab/e UUU. Rate pe- $e t UUU. The 1mbe- o4 !ha-e!% i4 a y% 0hi$h pe-!o ! ha5e a3-eed to !1b!$-ibe 4oa $ommi!!io .
I4 it i! p-opo!ed to a$91i-e a y b1!i e!!% the amo1 t% a! $e-ti4ied by the pe-!o ! by 0hom the a$$o1 t! o4 the b1!i e!! ha5e bee a1dited% o4 the et p-o4it! o4 the b1!i e!! i -e!pe$t o4 ea$h o4 the 4i5e yea-! immediate/y p-e$edi 3 the date o4 thi! !tateme t% p-o5ided that i the $a!e o4 a b1!i e!! 0hi$h ha! bee $a--ied o 4o- /e!! tha 4i5e yea-!% a d the a$$o1 t! o4 0hi$h ha5e o /y bee made+1p i -e!pe$t o4 4o1- yea-!% th-ee yea-!% t0o yea-! o- o e yea-% the abo5e -e91i-eme t! !ha// ha5e e44e$t a! i4 -e4e-e $e! to 4o1- yea-!% th-ee yea-!% t0o yea-!% oo e yea-% a! the $a!e may be% 0e-e !1b!tit1ted 4o- -e4e-e $e! to 4i5e yea-!% a d i a y !1$h $a!e% the !tateme t !ha// !ay ho0 /o 3 the b1!i e!! to be a$91i-ed ha! bee $a--ied o . Whe-e the 4i a $ia/ yea- 0ith -e!pe$t to 0hi$h the a$$o1 t! o4 the b1!i e!! ha5e bee made+1p i! 3-eate- o- /e!! tha a yea-% -e4e-e $e!% to 4i5e yea-!% 4o1- yea-!% th-ee yea-!% t0o yea-! a d o e yea- i thi! pa-a3-aph !ha// ha5e e44e$t a! i4 -e4e-e $e! to !1$h 1mbe- o4 4i a $ia/ yea-! a!% i the a33-e3ate% $o5e- a pe-iod o4 ot /e!! tha 4i5e yea-!% 4o1-
yea-!% th-ee yea-!% t0o yea-! o- o e yea-% a! the $a!e may be% 0e-e !1b!tit1ted 4o- -e4e-e $e! to th-ee yea-!% t0o yea-! a d o e yea-e!pe$ti5e/y. *ate! o4% pa-tie! to% a d 3e e-a/ at1-e o4+ "a# $o t-a$t appoi ti 3 o- 4i,i 3 the -em1 e-atio o4 di-e$to-!% ma a3i 3 di-e$to3 [BBB) o- ma a3e-2 a d "b# e5e-y othe- mate-ia/ $o t-a$t [othetha "i# $o t-a$t! e te-ed i to i the o-di a-y $o1-!e o4 the b1!i e!! i te ded to be $a--ied o by the $ompa y o- "ii# e te-ed i to mo-e tha t0o yea-! be4o-e the de/i5e-y o4 thi! !tateme t.) Time a d p/a$e at 0hi$h "&# the $o t-a$t! o- $opie! the-eo42 o- ":#"i# i the $a!e o4 a $o t-a$t ot -ed1$ed i to 0-iti 3% a memo-a d1m 3i5i 3 41// pa-ti$1/a-! the-eo4% a d "ii# i the $a!e o4 a $o t-a$t 0ho//y o- pa-t/y i a /a 31a3e othetha E 3/i!h% a $opy o4 t-a !/atio the-eo4 i E 3/i!h oembodyi 3 a t-a !/atio i E 3/i!h o4 the pa-t! i the othe- /a 31a3e% a! the $a!e may be% bei 3 a t-a !/atio $e-ti4ied i the p-e!$-ibed ma e- to be a $o--e$t t-a !/atio % may be i !pe$ted.
Name! a d add-e!!e! o4 the a1dito-! o4 the $ompa y. F1// pa-ti$1/a-! o4 the at1-e a d e,te t o4 the i te-e!t o4 e5e-y di-e$to-% ma a3i 3 di-e$to: [BBB) o- ma a3e-% i a y p-ope-ty p1-$ha!ed oa$91i-ed by the $ompa y 0ithi the t0o yea-! p-e$edi 3 the date o4 thi! !tateme t o- p-opo!ed to be p1-$ha!ed o- a$91i-ed by the $ompa y o-% 0he-e the i te-e!t o4 !1$h a di-e$to- $o !i!t! i bei 3 a pa-t e- i a 4i-m% the at1-e a d e,te t o4 the i te-e!t o4 the 4i-m% 0ith a !tateme t o4 a// !1m! paid o- a3-eed to be paid to him o- to the 4i-m i $a!h o- !ha-e!% oothe-0i!e% by a y pe-!o eithe- to i d1$e him to be$ome% o- to 91a/i4y him Pa3e :9@ o4 33: a!% a di-e$to-% o- othe-0i!e 4o- !e-5i$e! -e de-ed o- to be -e de-ed to the $ompa y by him o- by the 4i-m. Rate! o4 the di5ide d! "i4 a y# paid by the $ompa y i -e!pe$t o4 ea$h $/a!! o4 !ha-e! i the $ompa y i ea$h o4 the 4i5e 4i a $ia/ yea-! immediate/y p-e$edi 3 the date o4 thi! !tateme t o!i $e the i $o-po-atio o4 the $ompa y% 0hi$he5e- pe-iod i! !ho-te-. Pa-ti$1/a-! o4 the $a!e! i 0hi$h o di5ide d! ha5e bee paid i -e!pe$t
o4 a y $/a!! o4 !ha-e! i a y o4 the!e yea-!. "Si3 at1-e! o4 the pe-!o ! abo5e amed a! di-e$to-! o- p-opo!ed di-e$to-!% o- o4 thei- a3e t! a1tho-i!ed i 0-iti 3.# UUU. UUU. UUU. *ateUUU. & Omitted by A$t No. &> o4 &9'9% 0.e.4. 3-d. Ap-i/% &9>(. : Omitted by A$t No. &> o4 &9'9% 0.e.4. 3-d. Ap-i/% &9>(. 3 Omitted by A$t No. &> o4 &9'9% 0.e.4. 3-d. Ap-i/% &9>(. PART II Repo-t to be !et o1t &. I4 1 i!!1ed !ha-e! o- debe t1-e! o4 the $ompa y a-e to be app/ied i the p1-$ha!e o4 a b1!i e!!% a -epo-t made by a$$o1 ta t! "0ho !ha// be amed i the !tateme t# 1po + "a# the p-o4it! o- /o!!e! o4 the b1!i e!! i -e!pe$t o4 ea$h o4 the 4i5e 4i a $ia/ yea-! immediate/y p-e$edi 3 the de/i5e-y o4 the !tateme t to the Re3i!t-a-2 a d
"b# the a!!et! a d /iabi/itie! o4 the b1!i e!! a! at the /a!t date to 0hi$h the a$$o1 t! o4 the b1!i e!! 0e-e made+1p. :. "&# I4 1 i!!1ed !ha-e! o- debe t1-e! o4 the $ompa y a-e to be app/ied di-e$t/y o- i di-e$t/y i a y ma e- -e!1/ti 3 i the a$91i!itio o4 !ha-e! i a body $o-po-ate 0hi$h by -ea!o o4 the a$91i!itio oa ythi 3 to be do e i $o !e91e $e the-eo4 o- i $o e$tio the-e0ith 0i// be$ome a !1b!idia-y o4 the $ompa y a -epo-t made by a$$o1 ta t! "0ho !ha// be amed i the !tateme t# 0ith -e!pe$t to the p-o4it! a d /o!!e! a d a!!et! a d /iabi/itie! o4 the othebody $o-po-ate i a$$o-da $e 0ith !1b+$/a1!e ":# o- "3# o4 thi! $/a1!e% a! the $a!e may -e91i-e% i di$ati 3 ho0 the p-o4it! o- /o!!e! o4 the othebody $o-po-ate dea/t 0ith by the -epo-t 0o1/d% i -e!pe$t o4 the !ha-e! to be a$91i-ed% ha5e $o $e- ed membe-! o4 the $ompa y% a d 0hat a//o0a $e 0o1/d ha5e 4a//e to be made% i -e/atio to a!!et! a d /iabi/itie! !o dea/t 0ith% 4o- ho/de-! o4 othe- !ha-e!% i4 the $ompa y had at a// mate-ia/ time! he/d the !ha-e! to be a$91i-ed. ":# I4 the othebody $o-po-ate ha! o !1b!idia-ie!% the -epo-t -e4e--ed to i !1b+$/a1!e "&# !ha//+ "a# !o 4a- a! -e3a-d! p-o4it! a d /o!!e!% dea/ 0ith the p-o4it! o- /o!!e! o4 the body $o-po-ate i -e!pe$t o4 ea$h o4 the 4i5e 4i a $ia/ yea-! immediate/y p-e$edi 3 the de/i5e-y o4 the !tateme t to the Re3i!t-a-2 a d
"b# !o 4a- a! -e3a-d! a!!et! a d /iabi/itie!% dea/ 0ith the a!!et! a d /iabi/itie! o4 the body $o-po-ate a! at the /a!t date to 0hi$h the a$$o1 t! o4 the body $o-po-ate 0e-e made+1p. "3# I4 the othebody $o-po-ate ha! !1b!idia-ie!% the -epo-t -e4e--ed to i !1b+$/a1!e "&# !ha//+ "a# !o 4a- a! -e3a-d! p-o4it! a d /o!!e!% dea/ !epa-ate/y 0ith the othebody $o-po-ate?! p-o4it! o- /o!!e! a! p-o5ided by !1b+$/a1!e ":#% a d i additio dea/ eithe-+ "i# a! a 0ho/e 0ith the $ombi ed p-o4it! o- /o!!e! o4 it! !1b!idia-ie!% !o 4a- a! they $o $e- membe-! o4 the othebody $o-po-ate2 o"ii# i di5id1a//y 0ith the p-o4it! o- /o!!e! o4 ea$h !1b!idia-y% !o 4a- a! they $o $e- Pa3e :9' o4 33: membe-! o4 the othebody $o-po-ate2 o-% i !tead o4 dea/i 3 !epa-ate/y 0ith the othebody $o-po-ate?! p-o4it! o- /o!!e!% dea/ a! a 0ho/e 0ith the p-o4it! o- /o!!e! o4 the othebody $o-po-ate a d% !o 4a- a! they $o $emembe-! o4 the othebody $o-po-ate% 0ith the $ombi ed p-o4it! o- /o!!e! o4 it! !1b!idia-ie!2 a d "b# !o 4a- a! -e3a-d! a!!et! a d /iabi/itie!% dea/ !epa-ate/y 0ith the othebody $o-po-ate?! a!!et! a d /iabi/itie! a! p-o5ided by !1b+$/a1!e ":# a d i additio % dea/ eithe-+ "i# a! 0ho/e 0ith the $ombi ed a!!et! a d /iabi/itie! o4 it! !1b!idia-ie!% 0ith o- 0itho1t
the othebody $o-po-ate2 a!!et! a d /iabi/itie!2 o"ii# i di5id1a//y 0ith the a!!et! a d /iabi/itie! o4 ea$h !1b!idia-y2 a d !ha// i di$ate% a! -e!pe$t! the a!!et! a d /iabi/itie! o4 the !1b!idia-ie!% the a//o0a $e to be made 4ope-!o ! othetha membe-! o4 the $ompa y. PART III P-o5i!io ! app/yi 3 to Pa-t! I a d II o4 thi! S$hed1/e 3. "&# I thi! S$hed1/e% the e,p-e!!io .5e do-. i $/1de! a 5e do- a! de4i ed i Pa-t III o4 S$hed1/e II. ":# C/a1!e 3& o4 S$hed1/e II !ha// app/y to the i te-p-etatio o4 Pa-t! I a d II o4 thi! S$hed1/e a! it app/ie! to the i te-p-etatio o4 Pa-t II o4 S$hed1/e II. <. I4 i the $a!e o4 a b1!i e!! 0hi$h ha! bee $a--ied o % o- o4 a body $o-po-ate 0hi$h ha! bee $a--yi 3 o b1!i e!!% 4o- /e!! tha 4i5e 4i a $ia/ yea-!% the a$$o1 t! o4 the b1!i e!! o- body $o-po-ate ha5e o /y bee made+1p i -e!pe$t o4 4o1- !1$h yea-!% th-ee !1$h yea-!% t0o !1$h yea-! o- o e !1$h yea-% Pa-t! I a d II o4 thi! S$hed1/e !ha// ha5e e44e$t a! i4 -e4e-e $e to 4o14i a $ia/ yea-!% th-ee 4i a $ia/ yea-!% t0o 4i a $ia/ yea-! o- o e 4i a $ia/ yea-% a! the $a!e may be% 0e-e !1b!tit1ted 4o- -e4e-e $e! to 4i5e 4i a $ia/ yea-!.
@. A y -epo-t -e91i-ed by Pa-t II o4 thi! S$hed1/e !ha// eithe-+ "a# i di$ate by 0ay o4 ote a y ad;1!tme t! a! -e!pe$t! the 4i31-e! o4 a y p-o4it! o- /o!!e! o- a!!et! a d /iabi/itie! dea/t 0ith by the -epo-t 0hi$h appea- to the pe-!o ! maAi 3 the -epo-t e$e!!a-y2 o"b# maAe tho!e ad;1!tme t! a d i di$ate that ad;1!tme t! ha5e bee made. '. A y -epo-t by a$$o1 ta t! -e91i-ed by Pa-t II o4 thi! S$hed1/e !ha//+ "a# be made by a$$o1 ta t! 91a/i4ied 1 dethi! A$t 4oappoi tme t a! a1dito-! o4 a $ompa y2 a d "b# !ha// ot be made by a y a$$o1 ta t 0ho i! a o44i$e- o- !e-5a t o- a pa-t e- o- i the emp/oyme t o4 a o44i$e- o- !e-5a t% o4 the $ompa y% o- o4 the $ompa y?! !1b!idia-y o- ho/di 3 $ompa y o- o4 a !1b!idia-y o4 the $ompa y?! ho/di 3 $ompa y. Fo- the p1-po!e! o4 thi! $/a1!e% the e,p-e!!io .o44i$e-. !ha// i $/1de a p-opo!ed di-e$to- b1t ot a a1dito-. & SC8E*DCE F [See !e$tio &@9) ANNDAC RETDRN
CONTENTS AN* FORM OF ANNDAC RETDRN OF A COMPANG 8AFIN7 A S8ARE CAPITAC PART I CONTENTS &. The add-e!! o4 the -e3i!te-ed o44i$e o4 the $ompa y. :. A !1mma-y !pe$i4yi 3 the 4o//o0i 3 i -e!pe$t o4 ea$h $/a!! o4 !ha-e! = "a# the amo1 t o4 the a1tho-i!ed !ha-e $apita/ o4 the $ompa y a d the 1mbe- o4 !ha-e! i to 0hi$h it i! di5ided 2 "b# the 1mbe- o4 !ha-e! i!!1ed% 4-om the date o4 $omme $eme t o4 the $ompa y to the date o4 the $ompa y?! /a!t a 1a/ 3e e-a/ meeti 3 2 "$# the 1mbe- o4 !ha-e! !1b!$-ibed 1p to the date a4o-e!aid 2 "d# the paid+1p !ha-e $apita/ 1p to that date. 3. The tota/ 1mbe- o4 o +$o 5e-tib/e% pa-t/y $o 5e-tib/e a d 41//y $o 5e-tib/e debe t1-e! i!!1ed a d o1t!ta di 3 o the date -e4e--ed to i !1b+$/a1!e "b# o4 $/a1!e :. Pa3e :9> o4 33: <. Pa-ti$1/a-! o4 the tota/ amo1 t o4 the i debted e!! o4 the $ompa y o the date -e4e--ed to i !1b+$/a1!e "b# o4 $/a1!e : i -e!pe$t o4 a// $ha-3e! i $/1di 3 mo-t3a3e! 0hi$h a-e -e91i-ed to be -e3i!te-ed 0ith the Re3i!t-a1 dethi! A$t.
@. A /i!t + "a# $o tai i 3 the ame! a d add-e!!e! o4 a// pe-!o ! 0ho% o the date o4 the $ompa y?! /a!t a 1a/ 3e e-a/ meeti 3 a-e membe-! o- debe t1-e ho/de-! o4 the $ompa y a d o4 pe-!o ! 0ho ha5e $ea!ed to be membe-! odebe t1-e ho/de-! o o- be4o-e that day a d !i $e the date o4 the a 1a/ 3e e-a/ meeti 3 0ith -e4e-e $e to 0hi$h the /a!t -et10a! !1bmitted o- i the $a!e o4 the 4i-!t -et1- % !i $e the i $o-po-atio o4 the $ompa y 2 "b# !tati 3 the 1mbe- o4 !ha-e! o- debe t1-e! he/d by ea$h o4 the e,i!ti 3 membe-! o- debe t1-e ho/de-!% a! the $a!e may be% at the date -e4e--ed to i !1b+$/a1!e "b# o4 $/a1!e :% !pe$i4yi 3 the 1mbe- o4 !ha-e! odebe t1-e! t-a !4e--ed !i $e the date o4 the a 1a/ 3e e-a/ meeti 3 0ith -e4e-e $e to 0hi$h the /a!t -et1- 0a! !1bmitted o- i the $a!e o4 the 4i-!t -et1- % !i $e the date o4 the i $o-po-atio o4 the $ompa y by pe-!o ! 0ho a-e !ti// membe-! odebe t1-e ho/de-! -e!pe$ti5e/y% the date! o4 -e3i!t-atio o4 t-a !4e-!% a d the ame! o4 t-a !4e-ee! a d the -e/e5a t 4o/io $o tai i 3 pa-ti$1/a-! the-eo4 2 "$# i4 the ame! a4o-e!aid a-e ot a--a 3ed i a/phabeti$a/ o-de- ha5i 3 a e,ed the-eto a i de, !144i$ie t to e ab/e
the ame o4 a y pe-!o the-ei to be ea!i/y 4o1 d. '. Pa-ti$1/a-! !pe$i4yi 3 ame% atio a/ity% date o4 bi-th% date o4 appoi t+ me t% E/e$tio Commi!!io ?! Ide tity Ca-d No. i4 i!!1ed a d -e!i+ de tia/ add-e!! 0ith -e!pe$t to the pe-!o ! 0ho at the date o4 the $ompa y?! /a!t a 1a/ 3e e-a/ meeti 3 a-e the di-e$to-! o4 the $ompa y a d 0ith -e!pe$t to a y pe-!o 0ho at the date i! the ma a3e- othe !e$-eta-y o4 the $ompa y to3ethe- 0ith a// !1$h pa-ti$1/a-!% 0ith -e!pe$t to tho!e 0ho had $ea!ed to ho/d !1$h o44i$e that i! the o44i$e o4 the di-e$to-% ma a3e- o!e$-eta-y o o- be4o-e the date o4 the /a!t a 1a/ 3e e-a/ meeti 3 a d !i $e the date o4 the a 1a/ 3e e-a/ meeti 3 0ith -e!pe$t to 0hi$h the /a!t -et1- 0a! !1bmitted o- i the $a!e o4 the 4i-!t -et1- % !i $e the i $o-po-atio o4 the $ompa y. >. I 4o-matio 0hethe- the !ha-e! o4 the $ompa y a-e /i!ted o a -e$o3 i!ed !to$A e,$ha 3e. &. S1b!tit1ted by Noti4i$atio No. 7SR 389"E#% dated &@+@+&99@. FORM OF ANNDAC RETDRN OF A COMPANG 8AFIN7 A S8ARE CAPITAC ANNDAC RETDRN The Compa ie! A$t% &9@' "& o4 &9@'# SC8E*DCE F
[See !e$tio &@9) Pa-t II I. Re3i!t-atio *etai/! Re3i!t-atio No.++++++++ State Code ++++++++++"Re4eCode Ci!t# Re3i!t-atio date +++++++"ddLmmLyy# Whethe- !ha-e! /i!ted o Re$o3 i!ed !to$A e,$ha 3e"!# ++++ G + Ge! N + No I4 Ge!% Sto$A E,$ha 3e Code "Tota/!# A+++++++ B+++++++ "Re4e- Code Ci!t :# A7M 8e/d G + Ge!++++ N + No+++++
*ate o4 A7M L *1e date +++++++++"ddLmmLyy# II. Name a d -e3i!te-ed o44i$e add-e!! o4 $ompa y = Compa y Name+++++++++++++++++++++++++++++++++++++++++++++++++++ Add-e!! ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ To0 LCity++++++++++++++++++++++++++++++++++++++++++++++++++++++++ State ++++++++++++++ Pi Code ++++++++++++++++++++++++++++++++++ Te/epho e "0ith ST*# A-ea Code +++++++++N1mbe+++++++++++++++ Fa, N1mbe- ++++++++++++++++++++++++++++++++++++++++++++++++++++++ Mai/ add-e!!++++++++++++++++++++++++++++++++++++++++++++++++++++++ III. Capita/ !t-1$t1-e o4 the $ompa y "amo1 t i tho1!a d# A1tho-i!ed !ha-e $apita/ b-eaA 1p R!.
Type o4 Sha-e! No. o4 !ha-e! Nomi a/ 5a/1e "i R!.# "i# E91ity ++++++++++++++ ++++++++++++++ "ii# P-e4e-e $e ++++++++++++++ ++++++++++++++ Pa3e :98 o4 33: Tota/ a1tho-i!ed $apita/ ++++++++++++++ I!!1ed !ha-e $apita/ b-eaA 1p "i# E91ity ++++++++++++++ ++++++++++++++ "ii# P-e4e-e $e ++++++++++++++ ++++++++++++++ Tota/ a1tho-i!ed $apita/ ++++++++++++++ S1b!$-ibed !ha-e $apita/ b-eaA 1p Type o4 Sha-e! No. o4 !ha-e! Nomi a/ 5a/1e "i R!.# "i# E91ity ++++++++++++++ ++++++++++++++
"ii# P-e4e-e $e ++++++++++++++ ++++++++++++++ Tota/ a1tho-i!ed $apita/ ++++++++++++++ Paid 1p !ha-e $apita/ b-eaAi 3 Type! o4 !ha-e! No. o4 !ha-e! Amo1 t paid 1p "i R!.# "i# E91ity ++++++++++++++ ++++++++++++++ "ii# P-e4e-e $e ++++++++++++++ ++++++++++++++ Tota/ Paid+1p $apita/ ++++++++++++++ *ebe t1-e! b-eaA 1p Type o4 debe t1-e No. o4 debe t1-e! Nomi a/ 5a/1e "i R!.# "i# No +$o 5e-tib/e ++++++++++++++ ++++++++++++++ "ii# Pa-t/y $o 5e-tib/e ++++++++++++++ ++++++++++++++
"iii# F1//y $o 5e-tib/e ++++++++++++++ ++++++++++++++ Tota/ Amo1 t ++++++++++++++ IF. *i-e$to-!Lma a3e-L!e$-eta-y i 4o-matio "pa!t a d p-e!e t# [Re4e- $/a1!e ' o4 Pa-t "I# o4 S$hed1/e F) Name= ++++++++++"!1- ame# ++++++++++++++"Midd/e Name#+++++++++++++++"Fi-!t ame# Natio a/ity I + I dia ++++++++ F + Fo-ei3 +++++++ *ate o4 Bi-th++++++++++++"ddLmmLyy# *e!i3 atio C + Chai-ma +C1m+Ma a3i 3 *i-e$to- %W + Who/e+ time *i-e$to-% S + Se$-eta-y% R + Ma a3e- Pa3e :99 o4 33: * + *i-e$to-% M + Ma a3i 3 *i-e$to*ate o4 *ate o4 appoi tme t+++++++++++++++"ddLmmLyy# *ate o4 Cea!i 3 +++++++++++++++"ddLmmLyy# E/e$tio Commi!!io Ide tity Ca-d No. "i4 i!!1ed#) +++++++++++++++++++++++++++++++++++++++++++ Name= ++++++++++"!1- ame# ++++++++++++++"Midd/e Name#+++++++++++++++"Fi-!t ame# Natio a/ity I + I dia ++++++++ F + Fo-ei3 +++++++ *ate o4 Bi-th++++++++++++"ddLmmLyy# *e!i3 atio C + Chai-ma +C1m+Ma a3i 3 *i-e$to- %W + Who/e+ time *i-e$to-% S + Se$-eta-y% R + Ma a3e-
* + *i-e$to-% M + Ma a3i 3 *i-e$to*ate o4 *ate o4 appoi tme t+++++++++++++++"ddLmmLyy# *ate o4 Cea!i 3 +++++++++++++++"ddLmmLyy# E/e$tio Commi!!io Ide tity Ca-d No. "i4 i!!1ed#) +++++++++++++++++++++++++++++++++++++++++++ Name= ++++++++++"!1- ame# ++++++++++++++"Midd/e Name#+++++++++++++++"Fi-!t ame# Natio a/ity I + I dia ++++++++ F + Fo-ei3 +++++++ *ate o4 Bi-th++++++++++++"ddLmmLyy# *e!i3 atio C + Chai-ma +C1m+Ma a3i 3 *i-e$to- %W + Who/e+ time *i-e$to-% S + Se$-eta-y% R + Ma a3e* + *i-e$to-% M + Ma a3i 3 *i-e$to*ate o4 *ate o4 appoi tme t+++++++++++++++"ddLmmLyy# *ate o4 Cea!i 3 +++++++++++++++"ddLmmLyy# E/e$tio Commi!!io Ide tity Ca-d No. "i4 i!!1ed#) +++++++++++++++++++++++++++++++++++++++++++ Name= ++++++++++"!1- ame# Name#+++++++++++++++"Fi-!t ame# Natio a/ity I + I dia ++++++++ F + Fo-ei3 +++++++ *ate o4 Bi-th++++++++++++"ddLmmLyy# ++++++++++++++"Midd/e
*e!i3 atio C + Chai-ma +C1m+Ma a3i 3 *i-e$to- %W + Who/e+ time *i-e$to-% S + Se$-eta-y% R + Ma a3e* + *i-e$to-% M + Ma a3i 3 *i-e$to*ate o4 *ate o4 appoi tme t+++++++++++++++"ddLmmLyy#
*ate o4 Cea!i 3 +++++++++++++++"ddLmmLyy# E/e$tio Commi!!io Ide tity Ca-d No. "i4 i!!1ed#) +++++++++++++++++++++++++++++++++++++++++++ Name= ++++++++++"!1- ame# ++++++++++++++"Midd/e Name#+++++++++++++++"Fi-!t ame# Natio a/ity I + I dia ++++++++ F + Fo-ei3 +++++++ *ate o4 Bi-th++++++++++++"ddLmmLyy# *e!i3 atio C + Chai-ma +C1m+Ma a3i 3 *i-e$to- %W + Who/e+ time *i-e$to-% S + Se$-eta-y% R + Ma a3e* + *i-e$to-% M + Ma a3i 3 *i-e$to*ate o4 *ate o4 appoi tme t+++++++++++++++"ddLmmLyy# *ate o4 Cea!i 3 +++++++++++++++"ddLmmLyy# E/e$tio Commi!!io Ide tity Ca-d No. "i4 i!!1ed#) +++++++++++++++++++++++++++++++++++++++++++ Re!ide tia/ Add-e!! +++++++++++++++++++++++++++++ To0 LCity +++++++++++++++++++++++++++++ *i!t-i$t +++++++++++++++++++++++++++++ State +++++++++++++++++++++++++++++ Pi Code +++++++++++++++++++++++++++++ Pa3e 3(( o4 33: Re!ide tia/ Add-e!! +++++++++++++++++++++++++++++
To0 LCity +++++++++++++++++++++++++++++ *i!t-i$t +++++++++++++++++++++++++++++ State +++++++++++++++++++++++++++++ Pi Code +++++++++++++++++++++++++++++ Re!ide tia/ Add-e!! +++++++++++++++++++++++++++++ To0 LCity +++++++++++++++++++++++++++++ *i!t-i$t +++++++++++++++++++++++++++++ State +++++++++++++++++++++++++++++ Pi Code +++++++++++++++++++++++++++++ BNote = Additio a/ Sheet! may be atta$hed i4 eeded. F. *etai/! o4 !ha-e!Ldebe t1-e! he/d at date o4 A7MB Ced3eFo/io o4 !ha-eLdebe t1-e ho/de-++++++++++++++++++++++ Sha-eLdebe t1-e ho/de-?! ame++++++++++"!1- ame# ++++++++++++++"Midd/e Name#+++++++++++++++"Fi-!t ame# Fathe-?! ameL 81!ba d? ame +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Type o4 !ha-eL debe t1-e! & + E91ity% : + P-e4e-e $e !ha-e! 3 + *ebe t1-e!% < + Sto$A
N1mbe- o4 !ha-e!L debe t1-e! he/dL!to$A% i4 a y Amo1 t pe- !ha-e "i R!.# ++++++++++ Ced3eFo/io o4 !ha-eLdebe t1-e ho/de-++++++++++++++++++++++ Sha-eLdebe t1-e ho/de-?! ame++++++++++"!1- ame# ++++++++++++++"Midd/e Name#+++++++++++++++"Fi-!t ame# Fathe-?! ameL 81!ba d? ame +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Type o4 !ha-eL debe t1-e! & + E91ity% : + P-e4e-e $e !ha-e! 3 + *ebe t1-e!% < + Sto$A N1mbe- o4 !ha-e!L debe t1-e! he/dL!to$A% i4 a y Amo1 t pe- !ha-e "i R!.# ++++++++++ Ced3eFo/io o4 !ha-eLdebe t1-e ho/de-++++++++++++++++++++++ Sha-eLdebe t1-e ho/de-?! ame++++++++++"!1- ame# ++++++++++++++"Midd/e Name#+++++++++++++++"Fi-!t ame# Fathe-?! ameL 81!ba d? ame +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Type o4 !ha-eL debe t1-e! & + E91ity% : + P-e4e-e $e !ha-e! 3 + *ebe t1-e!% < + Sto$A N1mbe- o4 !ha-e!L debe t1-e! he/dL!to$A% i4 a y Amo1 t pe- !ha-e "i R!.# ++++++++++ Note = Sepa-ate !heet may be atta$hed i4 eeded. I4 1mbe- o4 !1$h !ha-eho/de-! e,$eed &(% i4 !o de!i-ed% a te,t 4i/e
may be !1bmitted o a 4/oppy o- a $a-t-id3e tape i the 4o-mat 3i5e i A e,1-e III. Add-e!! +++++++++++++++++++++++++++++ To0 LCity +++++++++++++++++++++++++++++ *i!t-i$t +++++++++++++++++++++++++++++ State +++++++++++++++++++++++++++++ Pi Code +++++++++++++++++++++++++++++ Add-e!! +++++++++++++++++++++++++++++ To0 LCity +++++++++++++++++++++++++++++ Pa3e 3(& o4 33: *i!t-i$t +++++++++++++++++++++++++++++ State +++++++++++++++++++++++++++++ Pi Code +++++++++++++++++++++++++++++ Add-e!! +++++++++++++++++++++++++++++ To0 LCity +++++++++++++++++++++++++++++ *i!t-i$t +++++++++++++++++++++++++++++
State +++++++++++++++++++++++++++++ Pi Code +++++++++++++++++++++++++++++ FI. *etai/! o4 !ha-e!Ldebe t1-e! t-a !4e-! !i $e date o4 /a!t A7M "o- i the $a!e o4 the 4i-!t -et1- at a y time !i $e the i $o-po-atio o4 the $ompa y#B *ate o4 P-e5io1! A7M +++++++++++++++"ddLmmLyy# *ate o4 -e3i!t-atio o4 t-a !4e- o4 !ha-e!+++++++++++++++ "ddLmmLyy# Type o4 T-a !4e- &+ E91ity% : + P-e4e-e $e !ha-e!% 3 + *ebe t1-e!% < + Sto$A N1mbe- o4 !ha-e!L debe t1-e! t-a !4e--ed Amo1 t pe- !ha-e "i R!.# Ced3e- 4o/io o4 t-a !4e-o- ++++++++++++++++++++++++++++++ T-a !4e-o-?! ame ++++++++++"!1- ame# ++++++++++++++ "Midd/e Name#+++++++++++++++"Fi-!t ame# Ced3e- 4o/io t-a !4e-ee ++++++++++++++++++++++++++++++++ T-a !4e-ee?! ame ++++++++++"!1- ame# ++++++++++++++ "Midd/e Name#+++++++++++++++"Fi-!t ame# *ate o4 -e3i!t-atio o4 t-a !4e- o4 !ha-e!+++++++++++++++ "ddLmmLyy# Type o4 T-a !4e- &+ E91ity% : + P-e4e-e $e !ha-e!% 3 + *ebe t1-e!% < + Sto$A N1mbe- o4 !ha-e!L debe t1-e! t-a !4e--ed Amo1 t pe- !ha-e "i R!.# Ced3e- 4o/io o4 t-a !4e-o- ++++++++++++++++++++++++++++++
T-a !4e-o-?! ame ++++++++++"!1- ame# ++++++++++++++ "Midd/e Name#+++++++++++++++"Fi-!t ame# Ced3e- 4o/io t-a !4e-ee ++++++++++++++++++++++++++++++++ T-a !4e-ee?! ame ++++++++++"!1- ame# ++++++++++++++ "Midd/e Name#+++++++++++++++"Fi-!t ame# BNote = Sepa-ate !heet may be atta$hed i4 eeded. I4 1mbe- o4 !1$h t-a !a$tio ! e,$eed &(. I4 !o de!i-ed a te,t 4i/e may be !1bmitted o a 4/oppy o- $a-t-id3e i the Fo-mat 3i5e i A e,1-e IF. FII. I debted e!! o4 the $ompa y "amo1 t i R!. tho1!a d!# [!e$1-ed /oa ! i $/1di 3 i te-e!t o1t!ta di 3La$$-1ed b1t ot d1e 4o- payme t). Amo1 t ++++++++++++++++++++++++++ FIII. E91ity !ha-e $apita/ b-eaA 1p "Pe-$e ta3e o4 tota/ e91ity# "i# 7o5e- me t [Ce t-a/ M State"!#)+++++++++ "ii# 7o5e- me t Compa ie! +++++++++ "iii# P1b/i$ 4i a $ia/ i !tit1tio !+++++++++ "i5# Natio a/i!edLOthe- ba A!+++++++++ "5# M1t1a/ 41 d! +++++++++ "5i# Fe t1-e $apita/ +++++++++ "5ii# Fo-ei3 ho/di 3!"FII!LFC!LFFI!LNRI!LOCB!#+++++++++ "5iii# Bodie! $o-po-ate " ot me tio ed abo5e# +++++++++ "i,# *i-e$to-!L-e/ati5e! o4 di-e$to-!+++++++++ ",# Othe- top @( !ha-eho/de-!"Othe- tha tho!e /i!ted abo5e#+++++++++ We2We $e-ti4y that =
"""a# the -et1- !tate! the 4a$t! a! they !tood o the date o4 the a 1a/ 3e e-a/ meeti 3 a4o-e!aid% $o--e$t/y a d $omp/ete/y 2 "b# !i $e the date o4 the /a!t a 1a/ -et1- the t-a !4eo4 a// !ha-e!%debe t1-e!% the i!!1e o4 a// 41-the$e-ti4i$ate! o4 !ha-e! a d debe t1-e! ha5e bee app-op-iate/y -e$o-ded i the booA! mai tai ed 4o- the p1-po!e 2 && ["$# the 0ho/e o4 amo1 t! e 5i!a3ed i $/a1!e "a# to "e# o4 !1b !e$tio ":# o4 !e$tio :(@C o4 the Compa ie! A$t% &9@' -emai i 3 1 paid o- 1 $/aimed 4o- a pe-iod o4 !e5e yea-! 4-om the date they be$ome payab/e by a $ompa y ha5e bee $-edited to the I 5e!to- Ed1$atio a d P-ote$tio F1 d 2) "d# the $ompa y ha! ot% !i $e the date o4 the a 1a/ 3e e-a/ meeti 3 0ith -e4e-e $e to 0hi$h the /a!t -et10a! !1bmitted% o- i the $a!e o4 a 4i-!t -et1- % !i $e the date o4 the i $o-po-atio o4 the $ompa y% i!!1ed a y i 5itatio to the p1b/i$ to !1b!$-ibe 4o- a y !ha-e! o- debe t1-e! o4 the $ompa y 2 Pa3e 3(: o4 33: "e# 0he-e the a 1a/ -et1- di!$/o!e! the 4a$t that the 1mbe- o4 membe-! o4 the $ompa y e,$eed! 4i4ty% the e,$e!!
$o !i!t! 0ho//y o4 pe-!o ! 0ho 1 de- !1b+$/a1!e "&# o4 !e$tio 3 a-e ot to be i $/1ded i -e$Ao i 3 the 1mbe- o4 4i4ty 2 "4# !i $e the date o4 a 1a/ 3e e-a/ meeti 3 0ith -e4e-e $e to 0hi$h the 4i-!t -et1- 0a! !1bmitted o- i the $a!e o4 a 4i-!t -et1- !i $e the date o4 the i $o-po-atio o4 the p-i5ate $ompa y% o p1b/i$ $ompa y o- deemed p1b/i$ $ompa y ha! o- ha5e he/d t0e ty+4i5e pe- $e t o- mo-e o4 it! paid+1p !ha-e $apita/ 2 "3# the $ompa y did ot ha5e a a5e-a3e t1- o5e- o4 R!. &( $-o-e o-- mo-e d1-i 3 the -e/e5a t pe-iod 2 "h#!i $e the date o4 the a 1a/ 3e e-a/ meeti 3 0ith -e4e-e $e to 0hi$h the /a!t a 1a/ -et1- 0a! !1bmitted o- !i $e the date o4 i $o-po-atio o4 the $ompa y% i4 it i! 4i-!t -et1- % the $ompa y did ot ho/d t0e ty+4i5e pe- $e t o- mo-e o4 the paid+1p !ha-e $apita/ o4 o e o- mo-e p1b/i$ $ompa ie! 2 a d "i# the p-i5ate $ompa y did ot a$$ept o- -e e0 oi 5ite depo!it! 4-om the p1b/i$. !i3 ed *i-e$to............................................ *i-e$to-LMa a3i 3 *i-e$to-LMa a3e-LSe$-eta-y ............................................ Se$-eta-y i 0ho/e+time p-a$ti$e
............................................ CP No. ............................................ &. S1b!tit1ted by Noti4i$atio No. 7SR >@&"E# dated :+ &&+:((:. Note = Ce-ti4i$ate! to be 3i5e by a di-e$to- a d ma a3e-L!e$-eta-y o- by t0o di-e$to-! 0he-e the-e i! o ma a3e- o!e$-eta-y. I the $a!e o4 a $ompa y 0ho!e !ha-e! a-e /i!ted o a -e$o3 i!ed !to$A e,$ha 3e% the $e-ti4i$ate! !ha// a/!o be !i3 ed by a !e$-eta-y i 0ho/e+time p-a$ti$e. ANNEKDRE I CO*E CIST & = STATE CO*ES State Code State Name (& A dh-a P-ade!h (: A!!am (3 Biha(< 71;a-at (@ 8a-ya a (' 8ima$ha/ P-ade!h (> Iamm1 M 6a!hmi(8 6a- ataAa (9 6e-a/a &( Madhya P-ade!h && Maha-a!ht-a &: Ma ip1&3 Me3ha/aya &< Na3a/a d
&@ &' &> &8 :( :& :: :3 :< @: @3 @< @@ @' @> @8 @9
O-i!!a P1 ;ab Ra;a!tha Tami/ Nad1 Dtta- P-ade!h We!t Be 3a/ SiAAim A-1 a$ha/ P-ade!h 7oa A dama I!/a d! Cha di3a-h *ad-a I!/a d! *e/hi *ama M *i1 CaA!h0adeep MiJo-am Po di$he--y
ANNEKDRE II CO*E CIST : = STOC6 EKC8AN7E CO*ES E,$ha 3e Code Sto$A E,$ha 3e Pa3e 3(3 o4 33: A& Bombay Sto$A E,$ha 3e B: OTCEI A: *e/hi B: Na3p1A< Ca/$1tta B< Coimbato-e A8 Mad-a! B8 Co$hi A&' Ba 3a/o-e
B&' MP A3: 8yde-abad B3: Iaip1A'< Ahmedabad B'< Ra;Aot A&:8 P1 e B&:8 7a1hati A:@' 6a p1B:@' Bh1ba e!h0aA@&: C1dhia a B@&: Ma3adh A&(:< Natio a/ Sto$A E,$ha 3e B&(:< Fadoda-a B:(<8 Ra;Aot Note = I4 /i!ted i mo-e tha o e e,$ha 3e% add the -e!pe$ti5e $ode! to a--i5e at the tota/! 1 de- the !ame $ate3o-y. Fo- e,amp/e a $ompa y /i!ted i Bombay% P1 e% Na3p1- a d Co$hi 0i// 4i// i the e,$ha 3e $ode! a! 4o//o0! = ANNEKDRE III S8ARESL*EBENTDRES 8EC* = "FORMAT FOR FCOPPIES# I. Re3i!t-atio *etai/! = Fie/d Type Ce 3th Fo-matL5a/1e State Code N1mbe- : + Re3i!t-atio No. N1mbe- ' +
*ate o4 A7M *ate 8 "**LMMLGG# *ate o4 /a!t A7M *ate 8 "**LMMLGG# Note = The 4i-!t te,t 4i/e $id.t,t 0i// $o tai the data 4oabo5e 4ie/d 4o- $ompa y ide ti4i$atio . F. Sha-e! he/d by Sha-eho/de-! = Fie/d Type Ce 3th Fo-matLFa/1e Ced3e- 4o/io o4 !ha-eho/de- Cha-a$te- 8 + Name o4 !ha-eho/de- Cha-a$te- :( S1- ameLMidd/e NameLFi-!t Name Fathe-?!L81!ba d?! ame Cha-a$te:( S1- ameLMidd/e Name Fi-!t Name Re!ide tia/ add-e!! Cha-a$te- <( + To0 LCity Cha-a$te- :( + State Cha-a$te- :( + Pi Code N1mbe- ' + Type o4 !ha-eLdebe t1-e N1mbe- & &+ E91ity% :+ P-e4e-e $e% 3+ *ebe t1-e!% <+ Sto$A N1mbe- o4 !ha-e!Ldebe t1-e N1mbe- ' Amo1 t pe!ha-e *ebe t1-e N1mbe- '
Note =The !e$o d te,t 4i/e! !hh.t,t 0i// $o tai the data 4o- abo5e 4ie/d! 4o- the !ha-eho/de-!Ldebe t1-e ho/de-!. The 4i/e! may be !1bmitted @.:@. o- 3.@. 4/oppie! "p-e4e-ab/y 3.@.# o- '(L&@( MB No-ma/ Ca-t-id3e Tape! "mi i
Ca-t-id3e! ot a$$eptab/e#. The F/oppie!LCa-t-id3e! may be 4o-matted i *o!LD i,. ANNEKDRE IF S8ARES TRANSFERRE* = "FORMAT FOR FCOPPIES# I. Re3i!t-atio *etai/!= Fie/d Type Ce 3th Fo-matL5a/1e State Code N1mbe- : + Re3i!t-atio No. N1mbe- ' + Pa3e 3(< o4 33: *ate o4 A7M *ate 8 "**LMMLGG# *ate o4 /a!t A7M *ate 8 "**LMMLGG# Note = The 4i-!t te,t 4i/e $id.t,t 0i// $o tai the data 4oabo5e 4ie/d 4o- $ompa y ide ti4i$atio . FI. T-a !a$tio ! a4te- the /a!t A7M = Fie/d Type Ce 3th Fo-matL5a/1e *ate o4 t-a !4e- o4 !ha-e! *ate 8 "**LMMLGG# Type o4 !ha-eLdebe t1-e N1mbe- & &+ E91ity% :+ P-e4e-e $e% 3+ *ebe t1-e!% <+ Sto$A N1mbe- o4 !ha-eLdebe t1-e! N1mbe- ' + Amo1 t pe- !ha-e!Ldebe t1-e N1mbe- ' + Ced3e- 4o/io o4 t-a !4e-o- Cha-a$te- 8 + Name o4 t-a !4e-o- Cha-a$te- :( S1- ameLMidd/e NameLFi-!t Name Ced3e- 4o/io o4 t-a !4e-ee Cha-a$te- 8 + Name o4 t-a !4e-ee Cha-a$te- :( S1- ameLMidd/e NameLFi-!t Name!
Note = The !e$o d te,t 4i/e.!ht.t,t 0i// $o tai the date 4o- abo5e 4ie/d! 4o- ea$h !1$h !ha-e t-a !4e-. The 4i/e! ma be !1mitted i @.:@. o- 3.@. 4/oppie! "p-e4e-ab/y 3.@.# o- '(L&@( MB No-ma/ Ca-t-id3e Tape! "mi i Ca-t-id3e ot a$$eptab/e#.
SC8E*DCE FI & [See !e$tio :&&) 7ENERAC INSTRDCTIONS FOR PREPARATION OF BACANCE S8EET AN* STATEMENT OF PROFIT AN* COSS OF A COMPANG IN A**ITION TO T8E NOTES INCORPORATE* ABOFE T8E 8EA*IN7 OF BACANCE S8EET DN*ER PARTS A AN* B 7ENERAC INSTRDCTIONS &. Whe-e $omp/ia $e 0ith the -e91i-eme t! o4 the A$t i $/1di 3 A$$o1 ti 3 Sta da-d! a! app/i$ab/e to the $ompa ie! -e91i-e a y $ha 3e i t-eatme t odi!$/o!1-e i $/1di 3 additio % ame dme t% !1b!tit1tio ode/etio i the headL!1b+head o- a y $ha 3e! i te- !e% i the 4i a $ia/ !tateme t! o- !tateme t! 4o-mi 3 pa-t the-eo4% the !ame !ha// be made a d the -e91i-eme t! o4 the S$hed1/e FI !ha// !ta d modi4ied a$$o-di 3/y. :. The di!$/o!1-e -e91i-eme t! !pe$i4ied i Pa-t I a d Pa-t II o4 thi! S$hed1/e a-e i additio to a d ot i
!1b!tit1tio o4 the di!$/o!1-e -e91i-eme t! !pe$i4ied i the A$$o1 ti 3 Sta da-d! p-e!$-ibed 1 de- the Compa ie! A$t% &9@'. Additio a/ di!$/o!1-e! !pe$i4ied i the A$$o1 ti 3 Sta da-d! !ha// be made i the ote! to a$$o1 t! o- by 0ay o4 additio a/ !tateme t 1 /e!! -e91i-ed to be di!$/o!ed o the 4a$e o4 the Fi a $ia/ Stateme t!. Simi/a-/y% a// othedi!$/o!1-e! a! -e91i-ed by the Compa ie! A$t !ha// be made i the ote! to a$$o1 t! i additio to the -e91i-eme t! !et o1t i thi! S$hed1/e. 3. Note! to a$$o1 t! !ha// $o tai i 4o-matio i additio to that p-e!e ted i the Fi a $ia/ Stateme t! a d !ha// p-o5ide 0he-e -e91i-ed "a# a--ati5e de!$-iptio ! o- di!a33-e3atio ! o4 item! -e$o3 iJed i tho!e !tateme t! a d "b# i 4o-matio abo1t item! that do ot 91a/i4y 4o- -e$o3 itio i tho!e !tateme t!. Ea$h item o the 4a$e o4 the Ba/a $e Sheet a d Stateme t o4 P-o4it a d Co!! !ha// be $-o!!+-e4e-e $ed to a y -e/ated i 4o-matio i the ote! to a$$o1 t!. I p-epa-i 3 the Fi a $ia/ Stateme t! i $/1di 3 the ote! to a$$o1 t!% a ba/a $e !ha// be mai tai ed bet0ee p-o5idi 3 e,$e!!i5e detai/ that may ot a!!i!t 1!e-! o4 4i a $ia/ !tateme t! a d ot p-o5idi 3 impo-ta t i 4o-matio a! a -e!1/t o4 too m1$h a33-e3atio . <. *epe di 3 1po the t1- o5e- o4 the $ompa y% the 4i31-e! appea-i 3 i the Fi a $ia/ Stateme t! may be -o1 ded o44 a! be/o0=
T1- o5e- Ro1 di 3 o44 "i# /e!! tha o e h1 d-ed $-o-e -1pee! To the ea-e!t h1 d-ed!% tho1!a d!% /aAh! o- mi//io !% ode$ima/! the-eo4. "ii# o e h1 d-ed $-o-e -1pee! o- mo-e To the ea-e!t% /aAh!% mi//io ! o- $-o-e!% o- de$ima/! the-eo4. & S1b!tit1ted 5ide Noti4i$atio No. S.O. <<>"E# dated :8 ::(&&. The oti4i$atio !ha// $ome i to 4o-$e 4o- th e Ba/a $e !heet a d P-o4it a d Co!! A$$o1 t to be p-epa-ed 4o- the 4i a $ia / yea- $omme $i 3 o o- a4te- &<:(&&. Pa3e 3(@ o4 33: O $e a 1 it o4 mea!1-eme t i! 1!ed% it !ho1/d be 1!ed 1 i4o-m/y i the Fi a $ia/ Stateme t!. @. E,$ept i the $a!e o4 the 4i-!t Fi a $ia/ Stateme t! /aid be4o-e the Compa y "a4te- it! i $o-po-atio # the $o--e!po di 3 amo1 t! "$ompa-ati5e!# 4o- the immediate/y p-e$edi 3 -epo-ti 3 pe-iod 4o- a// item! !ho0 i the Fi a $ia/ Stateme t! i $/1di 3 ote! !ha// a/!o be 3i5e . '. Fo- the p1-po!e o4 thi! S$hed1/e% the te-m! 1!ed he-ei !ha// be a! pe- the app/i$ab/e A$$o1 ti 3 Sta da-d!. Note! Thi! pa-t o4 S$hed1/e !et! o1t the mi im1m -e91i-eme t! 4o- di!$/o!1-e o the 4a$e o4 the Ba/a $e Sheet%
a d the Stateme t o4 P-o4it a d Co!! "he-ei a4te-e4e--ed to a! .Fi a $ia/ Stateme t!. 4o- the p1-po!e o4 thi! S$hed1/e# a d Note!. Ci e item!% !1b+/i e item! a d !1b+tota/! !ha// be p-e!e ted a! a additio o!1b!tit1tio o the 4a$e o4 the Fi a $ia/ Stateme t! 0he !1$h p-e!e tatio i! -e/e5a t to a 1 de-!ta di 3 o4 the $ompa yV! 4i a $ia/ po!itio o- pe-4o-ma $e oto $ate- to i d1!t-yL!e$to-+!pe$i4i$ di!$/o!1-e -e91i-eme t! o- 0he -e91i-ed 4o- $omp/ia $e 0ith the ame dme t! to the Compa ie! A$t o- 1 de- the A$$o1 ti 3 Sta da-d!. PART I W Fo-m o4 BACANCE S8EET Name o4 the Compa yUUUUUUUU. Ba/a $e Sheet a! at UUUUUUUUU "R1pee! i UUUU# Pa-ti$1/a-! Note No. Fi31-e! a! at the e d o4 $1--e t -epo-ti 3 pe-iod Fi31-e! a! at the e d o4 the p-e5io1! -epo-ti 3 pe-iod &:3< I. EHDITG AN* CIABICITIES Sha-eho/de-!V 41 d! Sha-e $apita/ Re!e-5e! a d !1-p/1! Mo ey -e$ei5ed a3ai !t !ha-e 0a--a t!
Sha-e app/i$atio mo ey pe di 3 a//otme t No +$1--e t /iabi/itie! Co 3+te-m bo--o0i 3! *e4e--ed ta, /iabi/itie! "Net# Othe- Co 3 te-m /iabi/itie! Co 3+te-m p-o5i!io ! C1--e t /iabi/itie! Sho-t+te-m bo--o0i 3! T-ade payab/e! Othe- $1--e t /iabi/itie! Sho-t+te-m p-o5i!io ! TOTAC II. ASSETS No +$1--e t a!!et! "&# "a# Fi,ed a!!et! Ta 3ib/e a!!et! Pa3e 3(' o4 33: I ta 3ib/e a!!et! Capita/ 0o-A+i +p-o3-e!! I ta 3ib/e a!!et! 1 de- de5e/opme t No +$1--e t i 5e!tme t! *e4e--ed ta, a!!et! " et# Co 3+te-m /oa ! a d ad5a $e! Othe- o +$1--e t a!!et! ":# C1--e t a!!et! C1--e t i 5e!tme t! I 5e to-ie! T-ade -e$ei5ab/e! Ca!h a d $a!h e91i5a/e t! Sho-t+te-m /oa ! a d ad5a $e!
Othe- $1--e t a!!et! TOTAC See a$$ompa yi 3 ote! to the 4i a $ia/ !tateme t! Note! 7ENERAC INSTRDCTIONS FOR PREPARATION OF BACANCE S8EET &. A a!!et !ha// be $/a!!i4ied a! $1--e t 0he it !ati!4ie! a y o4 the 4o//o0i 3 $-ite-ia= "a# it i! e,pe$ted to be -ea/iJed i % o- i! i te ded 4o!a/e o- $o !1mptio i % the $ompa yV! o-ma/ ope-ati 3 $y$/e2 "b# it i! he/d p-ima-i/y 4o- the p1-po!e o4 bei 3 t-aded2 "$# it i! e,pe$ted to be -ea/iJed 0ithi t0e/5e mo th! a4te- the -epo-ti 3 date2 o"d# it i! $a!h o- $a!h e91i5a/e t 1 /e!! it i! -e!t-i$ted 4-om bei 3 e,$ha 3ed o- 1!ed to !ett/e a /iabi/ity 4o- at /ea!t t0e/5e mo th! a4te- the -epo-ti 3 date. A// othe- a!!et! !ha// be $/a!!i4ied a! o +$1--e t. :. A ope-ati 3 $y$/e i! the time bet0ee the a$91i!itio o4 a!!et! 4o- p-o$e!!i 3 a d thei-ea/iJatio i $a!h o- $a!h e91i5a/e t!. Whe-e the o-ma/ ope-ati 3 $y$/e $a ot be ide ti4ied% it i! a!!1med to ha5e a d1-atio o4 &: mo th!. 3. A /iabi/ity !ha// be $/a!!i4ied a! $1--e t 0he it !ati!4ie! a y o4 the 4o//o0i 3 $-ite-ia= "a# it i! e,pe$ted to be !ett/ed i the $ompa yV! o-ma/ ope-ati 3 $y$/e2 "b# it i! he/d p-ima-i/y 4o- the p1-po!e o4 bei 3 t-aded2 "$# it i! d1e to be !ett/ed 0ithi t0e/5e mo th! a4tethe -epo-ti 3 date2 o-
"d# the $ompa y doe! ot ha5e a 1 $o ditio a/ -i3ht to de4e- !ett/eme t o4 the /iabi/ity 4o- at /ea!t t0e/5e mo th! a4te- the -epo-ti 3 date. Te-m! o4 a /iabi/ity that $o1/d% at the optio o4 the $o1 te-pa-ty% -e!1/t i it! !ett/eme t by the i!!1e o4 e91ity i !t-1me t! do ot a44e$t it! $/a!!i4i$atio . A// othe- /iabi/itie! !ha// be $/a!!i4ied a! o +$1--e t. <. A -e$ei5ab/e !ha// be $/a!!i4ied a! a Xt-ade -e$ei5ab/eV i4 it i! i -e!pe$t o4 the amo1 t d1e o a$$o1 t o4 3ood! !o/d o- !e-5i$e! -e de-ed i the o-ma/ $o1-!e o4 b1!i e!!. @. A payab/e !ha// be $/a!!i4ied a! a Xt-ade payab/eV i4 it i! i -e!pe$t o4 the amo1 t d1e o a$$o1 t o4 3ood! p1-$ha!ed o- !e-5i$e! -e$ei5ed i the o-ma/ $o1-!e o4 b1!i e!!. '. A $ompa y !ha// di!$/o!e the 4o//o0i 3 i the ote! to a$$o1 t!= A. Sha-e Capita/ Pa3e 3(> o4 33: 4o- ea$h $/a!! o4 !ha-e $apita/ "di44e-e t $/a!!e! o4 p-e4e-e $e !ha-e! to be t-eated !epa-ate/y#= "a# the 1mbe- a d amo1 t o4 !ha-e! a1tho-iJed2 "b# the 1mbe- o4 !ha-e! i!!1ed% !1b!$-ibed a d 41//y paid% a d !1b!$-ibed b1t ot 41//y paid2 "$# pa- 5a/1e pe- !ha-e2 "d# a -e$o $i/iatio o4 the 1mbe- o4 !ha-e! o1t!ta di 3 at the be3i i 3 a d at the e d o4 the -epo-ti 3 pe-iod2 "e# the -i3ht!% p-e4e-e $e! a d -e!t-i$tio ! atta$hi 3 to ea$h $/a!! o4 !ha-e! i $/1di 3 -e!t-i$tio ! o
the di!t-ib1tio o4 di5ide d! a d the -epayme t o4 $apita/2 "4# !ha-e! i -e!pe$t o4 ea$h $/a!! i the $ompa y he/d by it! ho/di 3 $ompa y o- it! 1/timate ho/di 3 $ompa y i $/1di 3 !ha-e! he/d by o- by !1b!idia-ie! o- a!!o$iate! o4 the ho/di 3 $ompa y o- the 1/timate ho/di 3 $ompa y i a33-e3ate2 "3# !ha-e! i the $ompa y he/d by ea$h !ha-eho/deho/di 3 mo-e tha @ pe- $e t !ha-e! !pe$i4yi 3 the 1mbe- o4 !ha-e! he/d2 "h# !ha-e! -e!e-5ed 4o- i!!1e 1 de- optio ! a d $o t-a$t!L$ommitme t! 4o- the !a/e o4 !ha-e!Ldi!i 5e!tme t% i $/1di 3 the te-m! a d amo1 t!2 "i# 4o- the pe-iod o4 4i5e yea-! immediate/y p-e$edi 3 the date a! at 0hi$h the Ba/a $e Sheet i! p-epa-ed= Y A33-e3ate 1mbe- a d $/a!! o4 !ha-e! a//otted a! 41//y paid 1p p1-!1a t to $o t-a$t"!# 0itho1t payme t bei 3 -e$ei5ed i $a!h. Y A33-e3ate 1mbe- a d $/a!! o4 !ha-e! a//otted a! 41//y paid 1p by 0ay o4 bo 1! !ha-e!. Y A33-e3ate 1mbe- a d $/a!! o4 !ha-e! bo13ht ba$A. ";# te-m! o4 a y !e$1-itie! $o 5e-tib/e i to e91ityLp-e4e-e $e !ha-e! i!!1ed a/o 3 0ith the ea-/ie!t date o4 $o 5e-!io i de!$e di 3 o-de- !ta-ti 3 4-om the 4a-the!t !1$h date. "A# $a//! 1 paid "!ho0i 3 a33-e3ate 5a/1e o4 $a//! 1 paid by di-e$to-! a d o44i$e-!#
"/# 4o-4eited !ha-e! "amo1 t o-i3i a//y paid 1p# B. Re!e-5e! a d S1-p/1! "i# Re!e-5e! a d S1-p/1! !ha// be $/a!!i4ied a!= "a# Capita/ Re!e-5e! 2 "b# Capita/ Redemptio Re!e-5e2 "$# Se$1-itie! P-emi1m Re!e-5e2 "d# *ebe t1-e Redemptio Re!e-5e2 "e# Re5a/1atio Re!e-5e2 "4# Sha-e Optio ! O1t!ta di 3 A$$o1 t2 "3# Othe- Re!e-5e! W "!pe$i4y the at1-e a d p1-po!e o4 ea$h -e!e-5e a d the amo1 t i -e!pe$t the-eo4#2 "h# S1-p/1! i.e. ba/a $e i Stateme t o4 P-o4it M Co!! di!$/o!i 3 a//o$atio ! a d app-op-iatio ! !1$h a! di5ide d% bo 1! !ha-e! a d t-a !4e- toL4-om -e!e-5e! et$. "Additio ! a d ded1$tio ! !i $e /a!t ba/a $e !heet to be !ho0 1 de- ea$h o4 the !pe$i4ied head!# "ii# A -e!e-5e !pe$i4i$a//y -ep-e!e ted by ea-ma-Aed i 5e!tme t! !ha// be te-med a! a X41 dV. "iii# *ebit ba/a $e o4 !tateme t o4 p-o4it a d /o!! !ha// be !ho0 a! a e3ati5e 4i31-e 1 de- the head XS1-p/1!V. Simi/a-/y% the ba/a $e o4 XRe!e-5e! a d S1-p/1!V% a4te- ad;1!ti 3 e3ati5e ba/a $e o4 !1-p/1!% i4 a y% !ha// be !ho0 1 de- the head XRe!e-5e! a d S1-p/1!V e5e i4 the -e!1/ti 3 4i31-e i! i the e3ati5e. C. Co 3+Te-m Bo--o0i 3! "i# Co 3te-m bo--o0i 3! !ha// be $/a!!i4ied a!= "a# Bo d!Ldebe t1-e!. Pa3e 3(8 o4 33: "b# Te-m /oa !
Y 4-om ba A!. Y 4-om othepa-tie!. "$# *e4e--ed payme t /iabi/itie!. "d# *epo!it!. "e# Coa ! a d ad5a $e! 4-om -e/ated pa-tie!. "4# Co 3+te-m mat1-itie! o4 4i a $e /ea!e ob/i3atio !. "3# Othe- /oa ! a d ad5a $e! "!pe$i4y at1-e#. "ii# Bo--o0i 3! !ha// 41-the- be !1b+$/a!!i4ied a! !e$1-ed a d 1 !e$1-ed. Nat1-e o4 !e$1-ity !ha// be !pe$i4ied !epa-ate/y i ea$h $a!e. "iii# Whe-e /oa ! ha5e bee 31a-a teed by di-e$to-! o- othe-!% the a33-e3ate amo1 t o4 !1$h /oa ! 1 de- ea$h head !ha// be di!$/o!ed. "i5# Bo d!Ldebe t1-e! "a/o 3 0ith the -ate o4 i te-e!t a d pa-ti$1/a-! o4 -edemptio o- $o 5e-!io % a! the $a!e may be# !ha// be !tated i de!$e di 3 o-deo4 mat1-ity o- $o 5e-!io % !ta-ti 3 4-om 4a-the!t -edemptio o- $o 5e-!io date% a! the $a!e may be. Whe-e bo d!Ldebe t1-e! a-e -edeemab/e by i !ta/me t!% the date o4 mat1-ity 4othi! p1-po!e m1!t be -e$Ao ed a! the date o 0hi$h the 4i-!t i !ta/me t be$ome! d1e. "5# Pa-ti$1/a-! o4 a y -edeemed bo d!L debe t1-e! 0hi$h the $ompa y ha! po0e- to -ei!!1e !ha// be di!$/o!ed. "5i# Te-m! o4 -epayme t o4 te-m /oa ! a d othe/oa ! !ha// be !tated. "5ii# Pe-iod a d amo1 t o4 $o ti 1i 3 de4a1/t a! o the ba/a $e !heet date i -epayme t o4 /oa ! a d i te-e!t% !ha// be !pe$i4ied !epa-ate/y i ea$h $a!e. *. Othe- Co 3+te-m Ciabi/itie!
Othe- Co 3+te-m Ciabi/itie! !ha// be $/a!!i4ied a!= "a# T-ade payab/e! "b# Othe-! E. Co 3+te-m p-o5i!io ! The amo1 t! !ha// be $/a!!i4ied a!= "a# P-o5i!io 4o- emp/oyee be e4it!. "b# Othe-! "!pe$i4y at1-e#. F. Sho-t+te-m bo--o0i 3! "i# Sho-t+te-m bo--o0i 3! !ha// be $/a!!i4ied a!= "a# Coa ! -epayab/e o dema d Y 4-om ba A!. Y 4-om othepa-tie!. "b# Coa ! a d ad5a $e! 4-om -e/ated pa-tie!. "$# *epo!it!. "d# Othe- /oa ! a d ad5a $e! "!pe$i4y at1-e#. "ii# Bo--o0i 3! !ha// 41-the- be !1b+$/a!!i4ied a! !e$1-ed a d 1 !e$1-ed. Nat1-e o4 !e$1-ity !ha// be !pe$i4ied !epa-ate/y i ea$h $a!e. "iii# Whe-e /oa ! ha5e bee 31a-a teed by di-e$to-! o- othe-!% the a33-e3ate amo1 t o4 !1$h /oa ! 1 de- ea$h head !ha// be di!$/o!ed. "i5# Pe-iod a d amo1 t o4 de4a1/t a! o the ba/a $e !heet date i -epayme t o4 /oa ! a d i te-e!t% !ha// be !pe$i4ied !epa-ate/y i ea$h $a!e. 7. Othe- $1--e t /iabi/itie! Pa3e 3(9 o4 33: The amo1 t! !ha// be $/a!!i4ied a!= "a# C1--e t mat1-itie! o4 /o 3+te-m debt2 "b# C1--e t mat1-itie! o4 4i a $e /ea!e ob/i3atio !2 "$# I te-e!t a$$-1ed b1t ot d1e o bo--o0i 3!2 "d# I te-e!t a$$-1ed a d d1e o bo--o0i 3!2 "e# I $ome -e$ei5ed i ad5a $e2
"4# D paid di5ide d!2 "3# App/i$atio mo ey -e$ei5ed 4o- a//otme t o4 !e$1-itie! a d d1e 4o- -e41 d a d i te-e!t a$$-1ed the-eo . Sha-e app/i$atio mo ey i $/1de! ad5a $e! to0a-d! a//otme t o4 !ha-e $apita/. The te-m! a d $o ditio ! i $/1di 3 the 1mbe- o4 !ha-e! p-opo!ed to be i!!1ed% the amo1 t o4 p-emi1m% i4 a y% a d the pe-iod be4o-e 0hi$h !ha-e! !ha// be a//otted !ha// be di!$/o!ed. It !ha// a/!o be di!$/o!ed 0hethe- the $ompa y ha! !144i$ie t a1tho-iJed $apita/ to $o5e- the !ha-e $apita/ amo1 t -e!1/ti 3 4-om a//otme t o4 !ha-e! o1t o4 !1$h !ha-e app/i$atio mo ey. F1-the-% the pe-iod 4o0hi$h the !ha-e app/i$atio mo ey ha! bee pe di 3 beyo d the pe-iod 4o- a//otme t a! me tio ed i the do$1me t i 5iti 3 app/i$atio 4o- !ha-e! a/o 3 0ith the -ea!o 4o- !1$h !ha-e app/i$atio mo ey bei 3 pe di 3 !ha// be di!$/o!ed. Sha-e app/i$atio mo ey ot e,$eedi 3 the i!!1ed $apita/ a d to the e,te t ot -e41 dab/e !ha// be !ho0 1 dethe head E91ity a d !ha-e app/i$atio mo ey to the e,te t -e41 dab/e i.e.% the amo1 t i e,$e!! o4 !1b!$-iptio o- i $a!e the -e91i-eme t! o4 mi im1m !1b!$-iptio a-e ot met% !ha// be !epa-ate/y !ho0 1 de- XZthe- $1--e t /iabi/itie!V2 "h# D paid mat1-ed depo!it! a d i te-e!t a$$-1ed the-eo 2 "i# D paid mat1-ed debe t1-e! a d i te-e!t a$$-1ed the-eo 2 ";# Othe- payab/e! "!pe$i4y at1-e#.
8. Sho-t+te-m p-o5i!io ! The amo1 t! !ha// be $/a!!i4ied a!= "a# P-o5i!io 4o- emp/oyee be e4it!. "b# Othe-! "!pe$i4y at1-e#. I. Ta 3ib/e a!!et! "i# C/a!!i4i$atio !ha// be 3i5e a!= "a# Ca d. "b# B1i/di 3!. "$# P/a t a d E91ipme t. "d# F1- it1-e a d Fi,t1-e!. "e# Fehi$/e!. "4# O44i$e e91ipme t. "3# Othe-! "!pe$i4y at1-e#. "ii# A!!et! 1 de- /ea!e !ha// be !epa-ate/y !pe$i4ied 1 de- ea$h $/a!! o4 a!!et. "iii# A -e$o $i/iatio o4 the 3-o!! a d et $a--yi 3 amo1 t! o4 ea$h $/a!! o4 a!!et! at the be3i i 3 a d e d o4 the -epo-ti 3 pe-iod !ho0i 3 additio !% di!po!a/!% a$91i!itio ! th-o13h b1!i e!! $ombi atio ! a d othe- ad;1!tme t! a d the -e/ated dep-e$iatio a d impai-me t /o!!e!L-e5e-!a/! !ha// be di!$/o!ed !epa-ate/y. "i5# Whe-e !1m! ha5e bee 0-itte o44 o a -ed1$tio o4 $apita/ o- -e5a/1atio o4 a!!et! o- 0he-e !1m! ha5e bee added o -e5a/1atio o4 a!!et!% e5e-y ba/a $e !heet !1b!e91e t to date o4 !1$h 0-ite+o44% o- additio !ha// !ho0 the -ed1$ed o- i $-ea!ed 4i31-e! a! app/i$ab/e a d !ha// by 0ay o4 a ote a/!o !ho0 the amo1 t o4 the -ed1$tio o- i $-ea!e a! app/i$ab/e to3ethe- 0ith the date the-eo4 4o-
the 4i-!t 4i5e yea-! !1b!e91e t to the date o4 !1$h -ed1$tio o- i $-ea!e. I. I ta 3ib/e a!!et! Pa3e 3&( o4 33: "i# C/a!!i4i$atio !ha// be 3i5e a!= "a# 7ood0i//. "b# B-a d! Lt-adema-A!. "$# Comp1te- !o4t0a-e. "d# Ma!thead! a d p1b/i!hi 3 tit/e!. "e# Mi i 3 -i3ht!. "4# Copy-i3ht!% a d pate t! a d othe- i te//e$t1a/ p-ope-ty -i3ht!% !e-5i$e! a d ope-ati 3 -i3ht!. "3# Re$ipe!% 4o-m1/ae% mode/!% de!i3 ! a d p-ototype!. "h# Ci$e !e! a d 4-a $hi!e. "i# Othe-! "!pe$i4y at1-e#. "ii# A -e$o $i/iatio o4 the 3-o!! a d et $a--yi 3 amo1 t! o4 ea$h $/a!! o4 a!!et! at the be3i i 3 a d e d o4 the -epo-ti 3 pe-iod !ho0i 3 additio !% di!po!a/!% a$91i!itio ! th-o13h b1!i e!! $ombi atio ! a d othe- ad;1!tme t! a d the -e/ated amo-tiJatio a d impai-me t /o!!e!L-e5e-!a/! !ha// be di!$/o!ed !epa-ate/y. "iii# Whe-e !1m! ha5e bee 0-itte o44 o a -ed1$tio o4 $apita/ o- -e5a/1atio o4 a!!et! o- 0he-e !1m! ha5e bee added o -e5a/1atio o4 a!!et!% e5e-y ba/a $e !heet !1b!e91e t to date o4 !1$h 0-ite+o44% o- additio !ha// !ho0 the -ed1$ed o- i $-ea!ed 4i31-e! a! app/i$ab/e a d !ha// by 0ay o4 a ote a/!o !ho0 the amo1 t o4 the -ed1$tio o- i $-ea!e a! app/i$ab/e to3ethe- 0ith the date the-eo4 4o-
the 4i-!t 4i5e yea-! !1b!e91e t to the date o4 !1$h -ed1$tio o- i $-ea!e. 6. No +$1--e t i 5e!tme t! "i# No +$1--e t i 5e!tme t! !ha// be $/a!!i4ied a! t-ade i 5e!tme t! a d othe- i 5e!tme t! a d 41-the$/a!!i4ied a!= "a# I 5e!tme t p-ope-ty2 "b# I 5e!tme t! i E91ity I !t-1me t!2 "$# I 5e!tme t! i p-e4e-e $e !ha-e!2 "d# I 5e!tme t! i 7o5e- me t o- t-1!t !e$1-itie!2 "e# I 5e!tme t! i debe t1-e! o- bo d!2 "4# I 5e!tme t! i M1t1a/ F1 d!2 "3# I 5e!tme t! i pa-t e-!hip 4i-m!2 "h# Othe- o +$1--e t i 5e!tme t! "!pe$i4y at1-e#. D de- ea$h $/a!!i4i$atio % detai/! !ha// be 3i5e o4 ame! o4 the bodie! $o-po-ate "i di$ati 3 !epa-ate/y 0hethe- !1$h bodie! a-e "i# !1b!idia-ie!% "ii# a!!o$iate!% "iii# ;oi t 5e t1-e!% o- "i5# $o t-o//ed !pe$ia/ p1-po!e e titie!# i 0hom i 5e!tme t! ha5e bee made a d the at1-e a d e,te t o4 the i 5e!tme t !o made i ea$h !1$h body $o-po-ate "!ho0i 3 !epa-ate/y i 5e!tme t! 0hi$h a-e pa-t/y+paid#. I -e3a-d to i 5e!tme t! i the $apita/ o4 pa-t e-!hip 4i-m!% the ame! o4 the 4i-m! "0ith the ame! o4 a// theipa-t e-!% tota/ $apita/ a d the !ha-e! o4 ea$h pa-t e-# !ha// be 3i5e . "ii# I 5e!tme t! $a--ied at othetha at $o!t !ho1/d be !epa-ate/y !tated !pe$i4yi 3 the ba!i! 4o5a/1atio the-eo4.
"iii# The 4o//o0i 3 !ha// a/!o be di!$/o!ed= "a# A33-e3ate amo1 t o4 91oted i 5e!tme t! a d ma-Aet 5a/1e the-eo42 "b# A33-e3ate amo1 t o4 1 91oted i 5e!tme t!2 "$# A33-e3ate p-o5i!io 4o- dimi 1tio i 5a/1e o4 i 5e!tme t! C. Co 3+te-m /oa ! a d ad5a $e! "i# Co 3+te-m /oa ! a d ad5a $e! !ha// be $/a!!i4ied a!= "a# Capita/ Ad5a $e!2 "b# Se$1-ity *epo!it!2 Pa3e 3&& o4 33: "$# Coa ! a d ad5a $e! to -e/ated pa-tie! "3i5i 3 detai/! the-eo4#2 "d# Othe- /oa ! a d ad5a $e! "!pe$i4y at1-e#. "ii# The abo5e !ha// a/!o be !epa-ate/y !1b+$/a!!i4ied a!= "a# Se$1-ed% $o !ide-ed 3ood2 "b# D !e$1-ed% $o !ide-ed 3ood2 "$# *o1bt41/. "iii# A//o0a $e 4o- bad a d do1bt41/ /oa ! a d ad5a $e! !ha// be di!$/o!ed 1 de- the -e/e5a t head! !epa-ate/y. "i5# Coa ! a d ad5a $e! d1e by di-e$to-! o- otheo44i$e-! o4 the $ompa y o- a y o4 them eithe!e5e-a//y o- ;oi t/y 0ith a y othepe-!o ! o- amo1 t! d1e by 4i-m! o- p-i5ate $ompa ie! -e!pe$ti5e/y i 0hi$h a y di-e$to- i! a pa-t e- o- a di-e$to- o- a membe- !ho1/d be !epa-ate/y !tated. M. Othe- o +$1--e t a!!et! Othe- o +$1--e t a!!et! !ha// be $/a!!i4ied a!=
"i# Co 3+te-m T-ade Re$ei5ab/e! "i $/1di 3 t-ade -e$ei5ab/e! o de4e--ed $-edit te-m!#2 "ii# Othe-! "!pe$i4y at1-e#2 "iii# Co 3+te-m T-ade Re$ei5ab/e!% !ha// be !1b+ $/a!!i4ied a!= "i# "a# Se$1-ed% $o !ide-ed 3ood2 "b# D !e$1-ed $o !ide-ed 3ood2 "$# *o1bt41/ "ii# A//o0a $e 4o- bad a d do1bt41/ debt! !ha// be di!$/o!ed 1 de- the -e/e5a t head! !epa-ate/y. "iii# *ebt! d1e by di-e$to-! o- othe- o44i$e-! o4 the $ompa y o- a y o4 them eithe- !e5e-a//y o;oi t/y 0ith a y othepe-!o o- debt! d1e by 4i-m! op-i5ate $ompa ie! -e!pe$ti5e/y i 0hi$h a y di-e$to- i! a pa-t e- o- a di-e$to- o- a membe- !ho1/d be !epa-ate/y !tated. N. C1--e t I 5e!tme t! "i# C1--e t i 5e!tme t! !ha// be $/a!!i4ied a!= "a# I 5e!tme t! i E91ity I !t-1me t!2 "b# I 5e!tme t i P-e4e-e $e Sha-e!2 "$# I 5e!tme t! i 3o5e- me t o- t-1!t !e$1-itie!2 "d# I 5e!tme t! i debe t1-e! o- bo d!2 "e# I 5e!tme t! i M1t1a/ F1 d!2 "4# I 5e!tme t! i pa-t e-!hip 4i-m!2 "3# Othe- i 5e!tme t! "!pe$i4y at1-e#. D de- ea$h $/a!!i4i$atio % detai/! !ha// be 3i5e o4 ame! o4 the bodie! $o-po-ate "i di$ati 3 !epa-ate/y 0hethe- !1$h bodie! a-e "i# !1b!idia-ie!% "ii# a!!o$iate!% "iii# ;oi t 5e t1-e!% o- "i5# $o t-o//ed !pe$ia/ p1-po!e e titie!# i 0hom i 5e!tme t! ha5e bee made a d the at1-e a d
e,te t o4 the i 5e!tme t !o made i ea$h !1$h body $o-po-ate "!ho0i 3 !epa-ate/y i 5e!tme t! 0hi$h a-e pa-t/y+paid#. I -e3a-d to i 5e!tme t! i the $apita/ o4 pa-t e-!hip 4i-m!% the ame! o4 the 4i-m! "0ith the ame! o4 a// theipa-t e-!% tota/ $apita/ a d the !ha-e! o4 ea$h pa-t e-# !ha// be 3i5e . "ii# The 4o//o0i 3 !ha// a/!o be di!$/o!ed= "a# The ba!i! o4 5a/1atio o4 i di5id1a/ i 5e!tme t!2 "b# A33-e3ate amo1 t o4 91oted i 5e!tme t! a d ma-Aet 5a/1e the-eo42 "$# A33-e3ate amo1 t o4 1 91oted i 5e!tme t!2 "d# A33-e3ate p-o5i!io made 4o- dimi 1tio i 5a/1e o4 i 5e!tme t!. Pa3e 3&: o4 33: O. I 5e to-ie! "i# I 5e to-ie! !ha// be $/a!!i4ied a!= "a# Ra0 mate-ia/!2 "b# Wo-A+i +p-o3-e!!2 "$# Fi i!hed 3ood!2 "d# Sto$A+i +t-ade "i -e!pe$t o4 3ood! a$91i-ed 4ot-adi 3#2 "e# Sto-e! a d !pa-e!2 "4# Coo!e too/!2 "3# Othe-! "!pe$i4y at1-e#. "ii# 7ood!+i +t-a !it !ha// be di!$/o!ed 1 de- the -e/e5a t !1b+head o4 i 5e to-ie!. "iii# Mode o4 5a/1atio !ha// be !tated. P. T-ade Re$ei5ab/e! "i# A33-e3ate amo1 t o4 T-ade Re$ei5ab/e! o1t!ta di 3 4o- a pe-iod e,$eedi 3 !i, mo th! 4-om the
date they a-e d1e 4o- payme t !ho1/d be !epa-ate/y !tated. "ii# T-ade -e$ei5ab/e! !ha// be !1b+$/a!!i4ied a!= "a# Se$1-ed% $o !ide-ed 3ood2 "b# D !e$1-ed% $o !ide-ed 3ood2 "$# *o1bt41/. "iii# A//o0a $e 4o- bad a d do1bt41/ debt! !ha// be di!$/o!ed 1 de- the -e/e5a t head! !epa-ate/y. "i5# *ebt! d1e by di-e$to-! o- othe- o44i$e-! o4 the $ompa y o- a y o4 them eithe- !e5e-a//y o- ;oi t/y 0ith a y othepe-!o o- debt! d1e by 4i-m! o- p-i5ate $ompa ie! -e!pe$ti5e/y i 0hi$h a y di-e$to- i! a pa-t e- o- a di-e$to- o- a membe- !ho1/d be !epa-ate/y !tated. H. Ca!h a d $a!h e91i5a/e t! "i# Ca!h a d $a!h e91i5a/e t! !ha// be $/a!!i4ied a!= "a# Ba/a $e! 0ith ba A!2 "b# Che91e!% d-a4t! o ha d2 "$# Ca!h o ha d2 "d# Othe-! "!pe$i4y at1-e#. "ii# Ea-ma-Aed ba/a $e! 0ith ba A! "4o- e,amp/e% 4o1 paid di5ide d# !ha// be !epa-ate/y !tated. "iii# Ba/a $e! 0ith ba A! to the e,te t he/d a! ma-3i mo ey o- !e$1-ity a3ai !t the bo--o0i 3!% 31a-a tee!% othe- $ommitme t! !ha// be di!$/o!ed !epa-ate/y. "i5# Repat-iatio -e!t-i$tio !% i4 a y% i -e!pe$t o4 $a!h a d ba A ba/a $e! !ha// be !epa-ate/y !tated. "5# Ba A depo!it! 0ith mo-e tha &: mo th! mat1-ity !ha// be di!$/o!ed !epa-ate/y. R. Sho-t+te-m /oa ! a d ad5a $e!
"i# Sho-t+te-m /oa ! a d ad5a $e! !ha// be $/a!!i4ied a!= "a# Coa ! a d ad5a $e! to -e/ated pa-tie! "3i5i 3 detai/! the-eo4#2 "b# Othe-! "!pe$i4y at1-e#. "ii# The abo5e !ha// a/!o be !1b+$/a!!i4ied a!= "a# Se$1-ed% $o !ide-ed 3ood2 "b# D !e$1-ed% $o !ide-ed 3ood2 "$# *o1bt41/. "iii# A//o0a $e 4o- bad a d do1bt41/ /oa ! a d ad5a $e! !ha// be di!$/o!ed 1 de- the -e/e5a t head! !epa-ate/y. "i5# Coa ! a d ad5a $e! d1e by di-e$to-! o- otheo44i$e-! o4 the $ompa y o- a y o4 them eithe- Pa3e 3&3 o4 33: !e5e-a//y o- ;oi t/y 0ith a y othepe-!o o- amo1 t! d1e by 4i-m! o- p-i5ate $ompa ie! -e!pe$ti5e/y i 0hi$h a y di-e$to- i! a pa-t e- o- a di-e$to- o- a membe- !ha// be !epa-ate/y !tated. S. Othe- $1--e t a!!et! "!pe$i4y at1-e#. Thi! i! a a//+i $/1!i5e headi 3% 0hi$h i $o-po-ate! $1--e t a!!et! that do ot 4it i to a y othe- a!!et $ate3o-ie!. T. Co ti 3e t /iabi/itie! a d $ommitme t! "to the e,te t ot p-o5ided 4o-# "i# Co ti 3e t /iabi/itie! !ha// be $/a!!i4ied a!= "a# C/aim! a3ai !t the $ompa y ot a$A o0/ed3ed a! debt2 "b# 71a-a tee!2
"$# Othe- mo ey 4o- 0hi$h the $ompa y i! $o ti 3e t/y /iab/e "ii# Commitme t! !ha// be $/a!!i4ied a!= "a# E!timated amo1 t o4 $o t-a$t! -emai i 3 to be e,e$1ted o $apita/ a$$o1 t a d ot p-o5ided 4o-2 "b# D $a//ed /iabi/ity o !ha-e! a d othe- i 5e!tme t! pa-t/y paid2 "$# Othe- $ommitme t! "!pe$i4y at1-e#. D. The amo1 t o4 di5ide d! p-opo!ed to be di!t-ib1ted to e91ity a d p-e4e-e $e !ha-eho/de-! 4othe pe-iod a d the -e/ated amo1 t pe- !ha-e !ha// be di!$/o!ed !epa-ate/y. A--ea-! o4 4i,ed $1m1/ati5e di5ide d! o p-e4e-e $e !ha-e! !ha// a/!o be di!$/o!ed !epa-ate/y. F. Whe-e i -e!pe$t o4 a i!!1e o4 !e$1-itie! made 4o- a !pe$i4i$ p1-po!e% the 0ho/e o- pa-t o4 the amo1 t ha! ot bee 1!ed 4o- the !pe$i4i$ p1-po!e at the ba/a $e !heet date% the-e !ha// be i di$ated by 0ay o4 ote ho0 !1$h 1 1ti/iJed amo1 t! ha5e bee 1!ed oi 5e!ted. W. I4% i the opi io o4 the Boa-d% a y o4 the a!!et! othetha 4i,ed a!!et! a d o +$1--e t i 5e!tme t! do ot ha5e a 5a/1e o -ea/iJatio i the o-di a-y $o1-!e o4 b1!i e!! at /ea!t e91a/ to the amo1 t at 0hi$h they a-e !tated% the 4a$t that the Boa-d i! o4 that opi io % !ha// be !tated. PART II W Fo-m o4 STATEMENT OF PROFIT AN* COSS Name o4 the Compa yUUUUUUUU.
P-o4it a d /o!! !tateme t 4o- the yea- e ded UUUUUUUUU "R1pee! i UUUU# Pa-ti$1/a-! Note No. Fi31-e! 4o- the $1--e t -epo-ti 3 pe-iod Fi31-e! 4o- the p-e5io1! -epo-ti 3 pe-iod I. Re5e 1e 4-om ope-atio ! ,,, ,,, II. Othe- i $ome ,,, ,,, III. Tota/ Re5e 1e "I [ II# ,,, ,,, IF. E,pe !e!= Co!t o4 mate-ia/! $o !1med ,,, ,,, P1-$ha!e! o4 Sto$A+i +T-ade ,,, ,,, Cha 3e! i i 5e to-ie! o4 4i i!hed 3ood! 0o-A+i +p-o3-e!! a d Sto$A+i +T-ade ,,, ,,, Emp/oyee be e4it! e,pe !e Pa3e 3&< o4 33: Fi a $e $o!t! *ep-e$iatio a d amo-tiJatio e,pe !e Othe- e,pe !e! Tota/ e,pe !e! ,,, ,,, F. P-o4it be4o-e e,$eptio a/ a d e,t-ao-di a-y item! a d ta, "III+ IF# ,,, ,,, FI. E,$eptio a/ item! ,,, ,,,
FII. P-o4it be4o-e e,t-ao-di a-y item! a d ta, "F + FI# ,,, ,,, FIII. E,t-ao-di a-y Item! ,,, ,,, IK. P-o4it be4o-e ta, "FII+ FIII# ,,, ,,, K Ta, e,pe !e= "&# C1--e t ta, ,,, ,,, ":# *e4e--ed ta, ,,, ,,, KI P-o4it "Co!!# 4o- the pe-iod 4-om $o ti 1i 3 ope-atio ! "FII+FIII# ,,, ,,, KII P-o4itL"/o!!# 4-om di!$o ti 1i 3 ope-atio ! ,,, ,,, KIII Ta, e,pe !e o4 di!$o ti 1i 3 ope-atio ! ,,, ,,, KIF P-o4itL"/o!!# 4-om *i!$o ti 1i 3 ope-atio ! "a4te- ta,# "KII+KIII# ,,, ,,, KF P-o4it "Co!!# 4o- the pe-iod "KI [ KIF# ,,, ,,, KFI Ea- i 3! pe- e91ity !ha-e= "&# Ba!i$ ,,, ,,, ":# *i/1ted ,,, ,,, See a$$ompa yi 3 ote! to the 4i a $ia/ !tateme t! 7ENERAC INSTRDCTIONS FOR PREPARATION OF STATEMENT OF PROFIT AN* COSS &.The p-o5i!io ! o4 thi! Pa-t !ha// app/y to the i $ome a d e,pe dit1-e a$$o1 t -e4e--ed to i !1b+!e$tio ":#
o4 !e$tio :&( o4 the A$t% i /iAe ma e- a! they app/y to a !tateme t o4 p-o4it a d /o!!. :."A# I -e!pe$t o4 a $ompa y othetha a 4i a $e $ompa y -e5e 1e 4-om ope-atio ! !ha// di!$/o!e !epa-ate/y i the ote! -e5e 1e 4-om "a# !a/e o4 p-od1$t!2 "b# !a/e o4 !e-5i$e!2 "$# othe- ope-ati 3 -e5e 1e!2 Ce!!= "d# E,$i!e d1ty. Pa3e 3&@ o4 33: "B# I -e!pe$t o4 a 4i a $e $ompa y% -e5e 1e 4-om ope-atio ! !ha// i $/1de -e5e 1e 4-om "a# I te-e!t2 a d "b# Othe- 4i a $ia/ !e-5i$e! Re5e 1e 1 de- ea$h o4 the abo5e head! !ha// be di!$/o!ed !epa-ate/y by 0ay o4 ote! to a$$o1 t! to the e,te t app/i$ab/e. 3.Fi a $e Co!t! Fi a $e $o!t! !ha// be $/a!!i4ied a!= "a# I te-e!t e,pe !e2 "b# Othe- bo--o0i 3 $o!t!2 "$# App/i$ab/e et 3ai L/o!! o 4o-ei3 $1--e $y t-a !a$tio ! a d t-a !/atio . <. Othe- i $ome Othe- i $ome !ha// be $/a!!i4ied a!= "a# I te-e!t I $ome "i $a!e o4 a $ompa y othetha a 4i a $e $ompa y#2 "b# *i5ide d I $ome2 "$# Net 3ai L/o!! o !a/e o4 i 5e!tme t! "d# Othe- o +ope-ati 3 i $ome " et o4 e,pe !e! di-e$t/y att-ib1tab/e to !1$h i $ome#.
@.Additio a/ I 4o-matio A Compa y !ha// di!$/o!e by 0ay o4 ote! additio a/ i 4o-matio -e3a-di 3 a33-e3ate e,pe dit1-e a d i $ome o the 4o//o0i 3 item!=+ "i# "a#Emp/oyee Be e4it! E,pe !e [!ho0i 3 !epa-ate/y "i# !a/a-ie! a d 0a3e!% "ii# $o t-ib1tio to p-o5ide t a d othe- 41 d!% "iii# e,pe !e o Emp/oyee Sto$A Optio S$heme "ESOP# a d Emp/oyee Sto$A P1-$ha!e P/a "ESPP#% "i5# !ta44 0e/4a-e e,pe !e!). "b# *ep-e$iatio a d amo-tiJatio e,pe !e2 "$# A y item o4 i $ome o- e,pe dit1-e 0hi$h e,$eed! o e pe- $e t o4 the -e5e 1e 4-om ope-atio ! oR!.&%((%(((% 0hi$he5e- i! hi3he-2 "d# I te-e!t I $ome2 "e# I te-e!t E,pe !e2 "4# *i5ide d I $ome2 "3# Net 3ai L /o!! o !a/e o4 i 5e!tme t!2 "h# Ad;1!tme t! to the $a--yi 3 amo1 t o4 i 5e!tme t!2 "i# Net 3ai o- /o!! o 4o-ei3 $1--e $y t-a !a$tio a d t-a !/atio "othetha $o !ide-ed a! 4i a $e $o!t#2 ";# Payme t! to the a1dito- a! "a# a1dito-% "b# 4ota,atio matte-!% "$# 4o- $ompa y /a0 matte-!% "d# 4o- ma a3eme t !e-5i$e!% "e# 4o- othe- !e-5i$e!% "4# 4o-eimb1-!eme t o4 e,pe !e!2 "A# *etai/! o4 item! o4 e,$eptio a/ a d e,t-ao-di a-y at1-e2
"/# P-io- pe-iod item!2 "i# "a# I the $a!e o4 ma 14a$t1-i 3 $ompa ie!%+ "&# Ra0 mate-ia/! 1 de- b-oad head!. ":# 3ood! p1-$ha!ed 1 de- b-oad head!. "b# I the $a!e o4 t-adi 3 $ompa ie!% p1-$ha!e! i -e!pe$t o4 3ood! t-aded i by the $ompa y 1 deb-oad head!. "$# I the $a!e o4 $ompa ie! -e de-i 3 o- !1pp/yi 3 !e-5i$e!% 3-o!! i $ome de-i5ed 4o-m !e-5i$e! -e de-ed o- !1pp/ied 1 de- b-oad head!. "d# I the $a!e o4 a $ompa y% 0hi$h 4a//! 1 demo-e tha o e o4 the $ate3o-ie! me tio ed i "a#% "b# a d "$# abo5e% it !ha// be !144i$ie t $omp/ia $e 0ith the -e91i-eme t! he-ei i4 p1-$ha!e!% !a/e! Pa3e 3&' o4 33: a d $o !1mptio o4 -a0 mate-ia/ a d the 3-o!! i $ome 4-om !e-5i$e! -e de-ed i! !ho0 1 deb-oad head!. "e# I the $a!e o4 othe- $ompa ie!% 3-o!! i $ome de-i5ed 1 de- b-oad head!. "ii# I the $a!e o4 a// $o $e- ! ha5i 3 0o-A!+i + p-o3-e!!% 0o-A!+i +p-o3-e!! 1 de- b-oad head!. "iii# "a# The a33-e3ate% i4 mate-ia/% o4 a y amo1 t! !et a!ide o- p-opo!ed to be !et a!ide% to -e!e-5e% b1t ot i $/1di 3 p-o5i!io ! made to meet a y !pe$i4i$ /iabi/ity% $o ti 3e $y o- $ommitme t A o0 to e,i!t at the date a! to 0hi$h the ba/a $e+!heet i! made 1p. "b# The a33-e3ate% i4 mate-ia/% o4 a y amo1 t! 0ithd-a0 4-om !1$h -e!e-5e!.
"i5# "a# The a33-e3ate% i4 mate-ia/% o4 the amo1 t! !et a!ide to p-o5i!io ! made 4o- meeti 3 !pe$i4i$ /iabi/itie!% $o ti 3e $ie! o- $ommitme t!. "b# The a33-e3ate% i4 mate-ia/% o4 the amo1 t! 0ithd-a0 4-om !1$h p-o5i!io !% a! o /o 3e- -e91i-ed. "5# E,pe dit1-e i $1--ed o ea$h o4 the 4o//o0i 3 item!% !epa-ate/y 4o- ea$h item=+ "a# Co !1mptio o4 !to-e! a d !pa-e pa-t!. "b# Po0e- a d 41e/. "$# Re t. "d# Repai-! to b1i/di 3!. "e# Repai-! to ma$hi e-y. "4# I !1-a $e . "3# Rate! a d ta,e!% e,$/1di 3% ta,e! o i $ome. "h# Mi!$e//a eo1! e,pe !e!. "5i# "a# *i5ide d! 4-om !1b!idia-y $ompa ie!. "b# P-o5i!io ! 4o- /o!!e! o4 !1b!idia-y $ompa ie!. "5ii# The p-o4it a d /o!! a$$o1 t !ha// a/!o $o tai by 0ay o4 a ote the 4o//o0i 3 i 4o-matio % ame/y=+ "a# Fa/1e o4 impo-t! $a/$1/ated o C.I.F. ba!i! by the $ompa y d1-i 3 the 4i a $ia/ yea- i -e!pe$t o4 W I. Ra0 mate-ia/!2 II. Compo e t! a d !pa-e pa-t!2 III. Capita/ 3ood!2 "b# E,pe dit1-e i 4o-ei3 $1--e $y d1-i 3 the 4i a $ia/ yea- o a$$o1 t o4 -oya/ty% A o0+ho0% p-o4e!!io a/ a d $o !1/tatio 4ee!% i te-e!t% a d othematte-!2
"$# Tota/ 5a/1e i4 a// impo-ted -a0 mate-ia/!% !pa-e pa-t! a d $ompo e t! $o !1med d1-i 3 the 4i a $ia/ yea- a d the tota/ 5a/1e o4 a// i di3e o1! -a0 mate-ia/!% !pa-e pa-t! a d $ompo e t! !imi/a-/y $o !1med a d the pe-$e ta3e o4 ea$h to the tota/ $o !1mptio 2 "d# The amo1 t -emitted d1-i 3 the yea- i 4o-ei3 $1--e $ie! o a$$o1 t o4 di5ide d! 0ith a !pe$i4i$ me tio o4 the tota/ 1mbe- o4 o +-e!ide t !ha-eho/de-!% the tota/ 1mbe- o4 !ha-e! he/d by them o 0hi$h the di5ide d! 0e-e d1e a d the yea- to 0hi$h the di5ide d! -e/ated2 "e# Ea- i 3! i 4o-ei3 e,$ha 3e $/a!!i4ied 1 de- the 4o//o0i 3 head!% ame/y=+ I. E,po-t o4 3ood! $a/$1/ated o F.O.B. ba!i!2 II. Roya/ty% A o0+ho0% p-o4e!!io a/ a d $o !1/tatio 4ee!2 III. I te-e!t a d di5ide d2 IF. Othe- i $ome% i di$ati 3 the at1-e the-eo4 Note=+B-oad head! !ha// be de$ided taAi 3 i to a$$o1 t the $o $ept o4 mate-ia/ity a d p-e!e tatio o4 t-1e a d 4ai- 5ie0 o4 4i a $ia/ !tateme t!%.. :. Thi! oti4i$atio !ha// $ome i to 4o-$e 4o- the Ba/a $e Sheet a d P-o4it a d Co!! A$$o1 t to be p-epa-ed 4o- the 4i a $ia/ yea- $omme $i 3 o o- a4te- &+<+ :(&&. Pa3e 3&> o4 33:
BSC8E*DCE FII [See !e$tio ! 3'8 a d 3>9) RESTRICTIONS ON POWERS OF MANA7IN7 A7ENTSL SECRETARIES AN* TREASDRERS The ma a3i 3 a3e t!L!e$-eta-ie! a d t-ea!1-e-! !ha// ot e,e-$i!e a y o4 the 4o//o0i 3 po0e-! e,$ept a4teobtai i 3 the p-e5io1! app-o5a/ o4 the Boa-d o4 di-e$to-! o4 the $ompa y i -e3a-d to ea$h !1$h e,e-$i!e = "&# [Omitted by the Compa ie! "Ame dme t# A$t% &9'(.) ":# Po0e- to appoi t a! a o44i$e- o- membe- o4 the !ta44 o4 the $ompa y% payab/e 4-om it! 41 d! "a! di!ti 31i!hed 4-om the 41 d! o4 the ma a3i 3 a3e tL!e$-eta-ie! a d t-ea!1-e-! o- 4-om o1t o4 a y -em1 e-atio payab/e to himLthem by the $ompa y#% a y pe-!o + "a# o a -em1 e-atio o- !$a/e o4 -em1 e-atio e,$eedi 3 the /imit! /aid do0 by the Boa-d i thi! beha/4 2 o"b# 0ho i! a -e/ati5e o4 the ma a3i 3 a3e t% o- 0he-e the ma a3i 3 a3e t i! L!e$-eta-ie! a d t-ea!1-e-! a-e a 4i-m% o4 a y pa-t e- i the 4i-m 2 o- 0he-e the ma a3i 3 a3e t i!L !e$-eta-ie! a d t-ea!1-e-! a-e a p-i5ate $ompa y% o4 a y di-e$to- o- membe- o- !1$h $ompa y 2 "3# Po0e- to p1-$ha!e $apita/ a!!et! 4o- the $ompa y e,$ept 0he-e the p1-$ha!e p-i$e i! 0ithi the /imit! p-e!$-ibed
by the Boa-d i thi! beha/4 2 "<# Po0e- to !e// the $apita/ a!!et! o4 the $ompa y% e,$ept 0he-e the !a/e p-i$e i! 0ithi the /imit! p-e!$-ibed by the Boa-d i thi! beha/4 2 "@# Po0e- to $ompo1 d% o- !a $tio the e,te !io o4 time 4o- the !ati!4a$tio o- payme t o4% a y $/aim odema d o4 the $ompa y a3ai !t "i $/1di 3 a y debt $/aimed to be d1e to it 4-om# the ma a3i 3 a3e tL!e$-eta-ie! a d t-ea!1-e-! o- a y a!!o$iate o4 the ma a3i 3 a3e tL!e$-eta-ie! a d t-ea!1-e-! 2 "'# Po0e- to $ompo1 d a y $/aim o- dema d made a3ai !t the $ompa y "i $/1di 3 a y debt $/aimed to be d1e 4-om it# by the ma a3i 3 a3e tL!e$-eta-ie! a d t-ea!1-e-! o- a y a!!o$iate o4 the ma a3i 3 a3e t!L!e$-eta-ie! a d t-ea!1-e-!. BS$hed1/e FII !ho1/d be omitted
BSC8E*DCE FIII [See !e$tio ! 3<> a d 3>9)
*ECCARATIONS TO BE MA*E BG FIRMS% PRIFATE COMPANIES AN* OT8ER BO*IES CORPORATE ACTIN7 AS MANA7IN7 A7ENTSLSECRETARIES AN* TREASDRERS *e4i itio &. "&# I thi! S$hed1/e% .-e/e5a t date. mea ! + "a# i the $a!e o4 a 4i-m o- body $o-po-ate ho/di 3 o44i$e at the $omme $eme t o4 thi! A$t a! the ma a3i 3 a3e tL!e$-eta-ie! a d t-ea!1-e-! o4 a $ompa y% the date o4 !1$h $omme $eme t 2 a d "b# i the $a!e o4 a 4i-m o- body $o-po-ate appoi ted o-e+appoi ted a4te- the $omme $eme t o4 thi! A$t a! the ma a3i 3 a3e tL!e$-eta-ie! a d t-ea!1-e-! o4 a $ompa y% the date o4 !1$h appoi tme t% o- -e+ appoi tme t. ":# Fo- the p1-po!e! o4 !1b+$/a1!e "&#% the e,p-e!!io ! .-e+appoi tme t. a d .-e+appoi ted. !ha// ha5e the !ame mea i 3 a! they ha5e 4o- the p1-po!e! o4 !1b+!e$tio "&# o4 !e$tio 3:8. B Note= S$hed1/e FIII !ho1/d be omitted. Fi-m! :. E5e-y 4i-m a$ti 3 a! the ma a3i 3 a3e tL!e$-eta-ie! a d t-ea!1-e-! o4 a y $ompa y o- $ompa ie! !ha// 4i/e 0ith ea$h $ompa y% 0hethe- p1b/i$ o- p-i5ate% o4 0hi$h it a$t! a! !1$h% a de$/a-atio !pe$i4yi 3 +
"a# the ame! o4 the pa-t e-! $o !tit1ti 3 the 4i-m o the -e/e5a t date 2 "b# the !ha-e% o- the e,te t o4 the i te-e!t% o4 ea$h pa-t e- i the 4i-m% o the -e/e5a t date 2 "$# the ame! o4 pe-!o !% i4 a y% othetha pa-t e-! 0ho a-e i te-e!ted% o the -e/e5a t date% i a y !ha-e o4% oamo1 t 4o-mi 3 pa-t o4% the -em1 e-atio payab/e to the ma a3i 3 a3e tL!e$-eta-ie! a d t-ea!1-e-! by the $ompa y 2 a d the e,te t o4 the i te-e!t o4 ea$h !1$h pe-!o i !1$h -em1 e-atio . 3. The de$/a-atio !ha// be !i3 ed by a pa-t e- o4 the 4i-m a d !ha// be 4i/ed 0ithi o e mo th o4 the -e/e5a t date. <. I4 a y $ha 3e o$$1-! i -e3a-d to a y o4 the matte-! !pe$i4ied i $/a1!e : a4te- the -e/e5a t date% a de$/a-atio !pe$i4yi 3 the $ha 3e a d !i3 ed by a pa-t e- o4 the 4i-m !ha// be 4i/ed% 0ithi th-ee 0eeA! o4 the o$$1--e $e o4 the $ha 3e% 0ith ea$h o4 the $ompa ie! -e4e--ed to i that $/a1!e P-i5ate $ompa ie! @. E5e-y p-i5ate $ompa y 0hi$h a$t! a! ma a3i 3 a3e tL!e$-eta-ie! a d t-ea!1-e-! o4 a y othe$ompa y o$ompa ie!% 0hethe- p1b/i$ o- p-i5ate% !ha//% 4i/e 0ith ea$h o4 tho!e $ompa ie!% a de$/a-atio !pe$i4yi 3 + "a# the ame! o4 the membe-! o4 the p-i5ate $ompa y o the -e/e5a t date 2
"b# 0he-e the p-i5ate $ompa y ha! a !ha-e $apita/% the !ha-e! he/d by ea$h membe- o4 the $ompa y% o that date 2 Pa3e 3&8 o4 33: "$# 0he-e the p-i5ate $ompa y ha! o !ha-e $apita/% the e,te t o4 the i te-e!t o4 ea$h membe- o4 the $ompa y i it o that date 2 "d# the ma e- i 0hi$h ea$h !1$h membe- ho/d! hi! !ha-e! o- i te-e!t% that i! to !ay% 0hethe- he ho/d! the !ame be e4i$ia//y% o- o beha/4 o4 o- i t-1!t 4o- a y othepe-!o 2 a d i the /atte- $a!e% the ame o- ame! o4 the pe-!o ope-!o ! o 0ho!e beha/4 o- i t-1!t 4o- 0hom the !ha-e! o- i te-e!t i! he/d a d the e,te t o4 the i te-e!t o4 ea$h !1$h pe-!o 2 "e# the ame! o4 the di-e$to-! o4 the p-i5ate $ompa y% a d the ame o4 it! ma a3i 3 di-e$to-% i4 a y 2 "4# the ame! o4 pe-!o !% i4 a y% 0ho a-e i te-e!ted i a y !ha-e o4% o- amo1 t 4o-mi 3 pa-t o4% the -em1 e-atio payab/e to the p-i5ate $ompa y by the $ompa y 1 deit! ma a3eme t% othe-0i!e tha a! membe-! o4 the p-i5ate $ompa y 2 a d the e,te t o4 the i te-e!t o4 ea$h !1$h pe-!o i !1$h -em1 e-atio 2 "3# that o a--a 3eme t ha! bee e te-ed i to to the A o0/ed3e o4 the p-i5ate $ompa y% 1 de- 0hi$h the $o t-o/ o4
the p-i5ate $ompa y i! 5e!ted i a y pe-!o ! othetha the membe-! o4 the $ompa y a d the pe-!o ! -e4e--ed to i !1b+$/a1!e "d# = P-o5ided that the ob/i3atio to 41- i!h i 4o-matio o the matte-! !pe$i4ied i !1b+$/a1!e! "d# a d "4# !ha// e,te d o /y to !1$h pa-ti$1/a-! -e/ati 3 to tho!e matte-! a! a-e 0ithi the A o0/ed3e o4 the p-i5ate $ompa y. '. The de$/a-atio !ha// be !i3 ed by a di-e$to- o4 the p-i5ate $ompa y a d !ha// be 4i/ed 0ithi t0o mo th! o4 the -e/e5a t date. >. I4% to the A o0/ed3e o4 the p-i5ate $ompa y% the-e i! a !a/e o- t-a !4e- o4 a y !ha-e! i the $ompa y o- a a3-eeme t ha! bee e te-ed i to% 4o- the !a/e ot-a !4e- o4 a y !1$h !ha-e!% o- a y othe- $ha 3e o$$1-! i -e3a-d to a y o4 the matte-! !pe$i4ied i $/a1!e @% a de$/a-atio !pe$i4yi 3 the !a/e% t-a !4e-% a3-eeme t o- $ha 3e a d !i3 ed by a di-e$to- o4 the $ompa y !ha// be 4i/ed% 0ithi !i, 0eeA! the-eo4% 0ith ea$h o4 the $ompa ie! -e4e--ed to i that $/a1!e. 8. Whe-e a y !ha-e! a-e !o/d o- t-a !4e--ed o- a3-eed to be !o/d o- t-a !4e--ed% the de$/a-atio -e4e--ed to i $/a1!e > !ha// !pe$i4y the ame o4 the pe-!o o- pe-!o ! 0ho pa-t 0ith o- ha5e a3-eed to pa-t 0ith the !ha-e! a d a/!o the
ame o- ame! o4 the pe-!o o- pe-!o ! 0ho a$91i-e o- ha5e a3-eed to a$91i-e them% 0ith 41// detai/! o4 the !a/e% t-a !4e- o- a3-eeme t. Othe- bodie! $o-po-ate 9. The p-o5i!io ! o4 $/a1!e! @ to 8 !ha// app/y to e5e-y body $o-po-ate "othetha a p-i5ate $ompa y# a$ti 3 a! the ma a3i 3 a3e tL!e$-eta-ie! a d t-ea!1-e-! o4 a y $ompa y% 1 /e!! it i! e,empt 4-om the ope-atio o4 the p-o5i!io ! o4 thi! S$hed1/e by 5i-t1e !e$tio 3<>L!e$tio 3>9 -ead 0ith !e$tio 3<>. 7e e-a/ &(. "&# A// de$/a-atio ! 4i/ed 0ith a y $ompa y i p1-!1a $e o4 thi! S$hed1/e !ha// be ope to i !pe$tio % a d e,t-a$t! may be taAe the-e4-om a d $opie! the-eo4 may be -e91i-ed% by a y membe- o4 the $ompa y to the !ame e,te t% i the !ame ma e- a d o payme t o4 the !ame 4ee a! i the $a!e o4 the -e3i!te- o4 membe-! o4 the $ompa y. ":# A// !1$h de$/a-atio ! !ha// a/!o be ope to i !pe$tio by a y di-e$to- o4 the $ompa y% 4-ee o4 $ha-3e.
SC8E*DCE IK [See a-ti$/e ': o4 the Tab/e A a d a/!o !e$tio &>'"'#) FORM OF PROKG I 7ENERAC FORM .\\\\\\\\\\\\\\\\\\\\\\\\\\\\\Name o4 Compa y ILWe................................ o4 ................................... i the di!t-i$t o4 .................................... bei 3 a membe-Lmembe-! o4 the abo5e+ amed Compa y he-eby appoi t ........................... o4 ................................ i the di!t-i$t o4 .............................................. o- 4ai/i 3 him............. o4...............i the di!t-i$t o4 ............................ a! myLo1- p-o,y to 5ote 4o- meL1! o myLo1- beha/4 at the a 1a/ 3e e-a/ meeti 3L 3e e-a/ meeti 3 " ot bei 3 a a 1a/ 3e e-a/ meeti 3# o4 the $ompa y to be he/d o the ................. day o4 ............................................. a d at a y ad;o1- me t the-eo4. Si3 ed thi! .................... day o4 ...................... :(........ II FORM FOR AFFOR*IN7 MEMBERS AN OPPORTDNITG OF FOTIN7 FOR OR A7AINST A RESOCDTION .....................Name o4 Compa y ILWe ......................................... o4 ................................... i the di!t-i$t o4 ....................................
...................................% bei 3 a membe-Lmembe-! o4 the abo5e+ amed Compa y% he-eby appoi t ...................................................... i the di!t-i$t o4 ....................... o- 4ai/i 3 him% ......................... o4..................................... i the di!t-i$t o4 ...........................% a! myLo1- p-o,y to 5ote 4o- meL1! o myLo1- beha/4 at the a 1a/ 3e e-a/ meeti 3L3e e-a/ meeti 3 " ot bei 3 a a 1a/ 3e e-a/ meeti 3# o4 the $ompa y% to be he/d o the ................................ day o4 ................... :( ......................... a d at a y ad;o1- me t the-eo4. Si3 ed thi!........................................ day o4 ...................... :(........................ [Thi! 4o-m i! to be 1!ed Ri 4a5o1- o4LRa3ai !t the -e!o/1tio . D /e!! othe-0i!e i !t-1$ted the p-o,y 0i// a$t a! he thi A! 4it. Pa3e 3&9 o4 33: R St-iAe o1t 0hi$he5e- i! ot de!i-ed.
& [SC8E*DCE K [See !e$tio ! @>< a d '&&) TABCE OF FEES TO BE PAI* TO T8E RE7ISTRAR
Amo1 t o4 4ee! to be paid "R!.# I. I -e!pe$t o4 a $ompa y ha5i 3 a !ha-e $apita/ = &. Fo- -e3i!t-atio o4 a $ompa y 0ho!e omi a/ !ha-e $apita/ doe! ot e,$eed! R!. &%((%((( :. Fo- -e3i!t-atio o4 a $ompa y 0ho!e omi a/ !ha-e $apita/ e,$eed! R!. &%((%(((% the abo5e 4ee o4 R!. <%((( 0ith the 4o//o0i 3 additio a/ 4ee! -e31/ated a$$o-di 3 to the amo1 t o4 omi a/ $apita/ = <((( "a# 4o- e5e-y R!. &(%((( o4 omi a/ !ha-e $apita/ opa-t o4 R!. &(%((( a4te- the 4i-!t R!. &%((%((( 1pto R!. @%((%(((. 3(( "b# 4o- e5e-y R!. &(%((( o4 omi a/ !ha-e $apita/ opa-t o4 R! &(%((( a4te- the 4i-!t R!. @%((%((( 1pto R!. @(%((%(((. :(( "$# 4o- e5e-y R!. &(%((( o4 omi a/ !ha-e $apita/ opa-t o4 R!. &(%((( a4te- the 4i-!t R!. @(%((%((( 1pto R!. o e $-o-e. &(( "d# 4o- e5e-y R!. &(%((( o4 omi a/ !ha-e $apita/ opa-t o4 R!. &(%((( a4te- the 4i-!t R!. & $-o-e.
P-o5ided that 0he-e the additio a/ 4ee!% -e31/ated a$$o-di 3 to the amo1 t o4 the omi a/ $apita/ o4 a $ompa y% e,$eed! a !1m o4 -1pee! t0o $-o-e% the tota/ amo1 t o4 additio a/ 4ee! payab/e 4o- the -e3i!t-atio o4 !1$h $ompa y !ha// ot% i a y $a!e% e,$eed -1pee! t0o $-o-e. [3.B : Fo- 4i/i 3 a oti$e o4 a y i $-ea!e i the omi a/ !ha-e $apita/ o4 a $ompa y% the di44e-e $e bet0ee the 4ee! payab/e o the i $-ea!ed !ha-e $apita/ o the date o4 4i/i 3 the oti$e 4o- the -e3i!t-atio o4 a $ompa y a d the 4ee! payab/e o e,i!ti 3 a1tho-i!ed $apita/% at the -ate! p-e5ai/i 3 o the date o4 4i/i 3 the oti$e.) <. Fo- -e3i!t-atio o4 a y e,i!ti 3 $ompa y% e,$ept !1$h $ompa ie! a! a-e by thi! A$t e,empted 4-om payme t o4 4ee! i -e!pe$t o4 -e3i!t-atio 1 dethi! A$t% the !ame 4ee i! $ha-3ed 4o- -e3i!te-i 3 a e0 $ompa y. @. Fo- 4i/i 3% -e3i!te-i 3 o- -e$o-di 3 a y do$1me t by thi! A$t -e91i-ed o- a1tho-i!ed to be 4i/ed% -e3i!te-ed o-
-e$o-ded + @( "a# i -e!pe$t o4 a $ompa y ha5i 3 a omi a/ !ha-e $apita/ o4 /e!! tha R!. &%((%(((. &(( "b# i -e!pe$t o4 a $ompa y ha5i 3 a omi a/ !ha-e $apita/ o4 R!. &%((%((( o- mo-e b1t /e!! tha R!.@%((%(((. :(( "$# i -e!pe$t o4 a $ompa y ha5i 3 a omi a/ !ha-e $apita/ o4 R!. @%((%((( o- mo-e b1t /e!! tha R!.:@%((%((( 3(( "d# i -e!pe$t o4 a $ompa y ha5i 3 a omi a/ !ha-e $apita/ o4 R!. :@%((%((( o- mo-e. '. Fo- maAi 3 a -e$o-d o4 o- -e3i!te-i 3 a y 4a$t by thi! A$t -e91i-ed o- a1tho-i!ed to be -e$o-ded o- -e3i!te-ed by the Re3i!t-a- + @(( "a# i -e!pe$t o4 a $ompa y ha5i 3 a omi a/ !ha-e $apita/ o4 /e!! tha R!. &%((%((( &(( "b# i -e!pe$t o4 a $ompa y ha5i 3 a omi a/ !ha-e $apita/ o4 R!. &%((%((( o- mo-e b1t /e!! tha R!.@%((%((( :((
"$# i -e!pe$t o4 a $ompa y ha5i 3 a omi a/ !ha-e $apita/ o4 R!. @%((%((( o- mo-e b1t /e!! tha R!.:@%((%((( 3(( Pa3e 3:( o4 33: "d# i -e!pe$t o4 a $ompa y ha5i 3 a omi a/ !ha-e $apita/ o4 R!. :@%((%((( o- mo-e @(( II. I -e!pe$t o4 a $ompa y ot ha5i 3 a !ha-e $apita/ = >. Fo- -e3i!t-atio o4 a $ompa y 0ho!e 1mbe- o4 membe-! a! !tated i the a-ti$/e! o4 a!!o$iatio % doe! ot e,$eed :( &((( 8. Fo- -e3i!t-atio o4 a $ompa y 0ho!e 1mbe- o4 membe-! a! !tated i the a-ti$/e! o4 a!!o$iatio % e,$eed! :( b1t doe! ot e,$eed &(( 9. Fo- -e3i!t-atio o4 a $ompa y 0ho!e 1mbe- o4 membe-! a! !tated i the a-ti$/e! o4 a!!o$iatio % e,$eed! &(( b1t i! ot !tated to be 1 /imited% the abo5e 4ee o4 R!.:%@(( 0ith a additio a/ R!. &( 4o- e5e-y @( membe-!% o- /e!! 1mbe- tha @( membe-!% a4te- the 4i-!t &((. :@(( &(. Fo- -e3i!t-atio o4 a $ompa y i 0hi$h the 1mbeo4 membe-! i! !tated i the a-ti$/e! o4 a!!o$iatio to be 1 /imited. &&. Fo- -e3i!t-atio o4 a y i $-ea!e i the 1mbe- o4
membe-! made a4te- the -e3i!t-atio o4 the $ompa y% the !ame 4ee! a! 0o1/d ha5e bee payab/e i -e!pe$t o4 !1$h i $-ea!e% i4 !1$h i $-ea!e had bee !tated i the a-ti$/e! o4 a!!o$iatio at the time o4 -e3i!t-atio = P-o5ided that o $ompa y !ha// be /iab/e to pay o the 0ho/e a 3-eate- 4ee tha R!. @%((( i -e!pe$t o4 it! 1mbeo4 membe-!% taAi 3 i to a$$o1 t the 4ee paid o the 4i-!t -e3i!t-atio o4 the $ompa y. &:. Fo- -e3i!t-atio o4 a y e,i!ti 3 $ompa y e,$ept !1$h $ompa ie! a! a-e by thi! A$t e,empted 4-om payme t o4 4ee! i -e!pe$t o4 -e3i!t-atio 1 dethi! A$t% the !ame 4ee a! i! $ha-3ed 4o- -e3i!te-i 3 a e0 $ompa y. @((( &3. Fo- 4i/i 3 o- -e3i!te-i 3 a y do$1me t by thi! A$t -e91i-ed o- a1tho-i!ed to be 4i/ed o- -e3i!te-ed 0ith the Re3i!t-a-. @( &<. Fo- maAi 3 a -e$o-d o4 o- -e3i!te-i 3 a y 4a$t by thi! A$t -e91i-ed o- a1tho-i!ed to be -e$o-ded o- -e3i!te-ed by the Re3i!t-a-.) @(
&. S1b!tit1ted by Noti4i$atio No. S.O. <&9"E# dated :>+<+:((( 0.e.4. &+@+:((( :. Modi4ied by Noti4i$atio No. SO '@8"E#% dated &:+>+ :(((. B Fo- -e41 d o4 e,$e!! -e3i!t-atio 4ee! "4o- Fo-m No @# -e4e- Ci-$1/a- No >L:((3 dated :>+(&+:((3 3i5e i !e$tio '&& [*epa-tme ta/ C/a-i4i$atio ). SC8E*DCE KI [See !e$tio <(') FORM IN W8IC8 SECTIONS @39 TO @<< OF ACT ARE TO APPCG TO CASES W8ERE AN APPCICATION IS MA*E DN*ER SECTION 39> OR 398 @39. Pe a/ty 4o- 4a/!i4i$atio o4 booA!+ I4 0ith i te t to de4-a1d o- de$ei5e a y pe-!o % a y o44i$e- omembe- o4 a $ompa y i -e!pe$t o4 0hi$h a app/i$atio ha! bee made 1 de- !e$tio 39> o- 398 + "a# de!t-oy!% m1ti/ate!% a/te-!% 4a/!i4ie! o- !e$-et! a y booA!% pape-! o- !e$1-itie!% o- i! p-i5y to the de!t-1$tio % m1ti/atio % a/te-atio % 4a/!i4i$atio % o- !e$-eti 3 o4 a y booA!% pape-! o- !e$1-itie! 2 o"b# maAe!% o- i! p-i5y to the maAi 3 o4% a y 4a/!e o4-a1d1/e t e t-y i a y -e3i!te-% booA! o4 a$$o1 t odo$1me t be/o 3i 3 to the $ompa y% he !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to !e5e yea-!% a d
!ha// a/!o be /iab/e to 4i e. @<(. Pe a/ty 4o- 4-a1d! by o44i$e-!+ I4 a y pe-!o % bei 3 at the time o4 the $ommi!!io o4 the a//e3ed o44e $e% a o44i$e- o4 a $ompa y i -e!pe$t o4 0hi$h the & [T-ib1 a/) !1b!e91e t/y maAe! a o-de- 1 de- !e$tio 39> o- 398%+ "a# ha!% by 4a/!e p-ete $e! o- by mea ! o4 a y othe4-a1d% i d1$ed a y pe-!o to 3i5e $-edit to the $ompa y 2 "b# 0ith i te t to de4-a1d $-edito-! o4 the $ompa y% ha! made o- $a1!ed to be made a y 3i4t o- t-a !4e- o4 o- $ha-3e o % o- ha! $a1!ed o- $o i5ed at the /e5yi 3 o4 a y e,e$1tio a3ai !t the p-ope-ty o4 the $ompa y 2 o"$# 0ith i te t to de4-a1d $-edito-! o4 the $ompa y% ha! $o $ea/ed o- -emo5ed a y pa-t o4 the p-ope-ty o4 the $ompa y !i $e the date o4 a y 1 !ati!4ied ;1d3me t o- o-de- 4opayme t o4 mo ey obtai ed a3ai !t the $ompa y% o0ithi t0o mo th! be4o-e that date 2 he !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to t0o yea-! a d !ha// a/!o be /iab/e to 4i e. @<&. Ciabi/ity 0he-e p-ope- a$$o1 t! ot Aept+ "&# Whe-e a app/i$atio ha! bee made to the & [T-ib1 a/) 1 de-
!e$tio 39> o- 398 i -e!pe$t o4 a $ompa y% i4 it i! !ho0 that p-ope- booA! o4 a$$o1 t 0e-e ot Aept by the $ompa y th-o13ho1t the pe-iod o4 t0o yea-! immediate/y p-e$edi 3 the maAi 3 o4 the app/i$atio % o- the pe-iod bet0ee thePa3e 3:& o4 33: i $o-po-atio o4 the $ompa y a d the maAi 3 o4 the app/i$atio % 0hi$he5e- i! !ho-te-% e5e-y o44i$e- o4 the $ompa y 0ho i! i de4a1/t !ha//% 1 /e!! he !ho0! that he a$ted ho e!t/y a d that i the $i-$1m!ta $e! i 0hi$h the b1!i e!! o4 the $ompa y 0a! $a--ied o % the de4a1/t 0a! e,$1!ab/e% be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to o e yea-. ":# Fo- the p1-po!e! o4 thi! !e$tio % p-ope- booA! o4 a$$o1 t !ha// be deemed ot to ha5e bee Aept i the $a!e o4 a y $ompa y% i4 the-e ha5e ot bee Aept + "a# !1$h booA! o4 a$$o1 t a! a-e e$e!!a-y to e,hibit a d e,p/ai the t-a !a$tio ! a d 4i a $ia/ po!itio o4 the b1!i e!! o4 the $ompa y% i $/1di 3 booA! $o tai i 3 e t-ie! made 4-om day+to+day i !144i$ie t detai/ o4 a// $a!h -e$ei5ed a d a// $a!h paid 2 a d "b# 0he-e the b1!i e!! o4 the $ompa y ha! i 5o/5ed dea/i 3! i 3ood!% !tateme t! o4 the a 1a/ !to$A taAi 3! a d
"e,$ept i the $a!e o4 3ood! !o/d by 0ay o4 o-di a-y -etai/ t-ade# o4 a// 3ood! !o/d a d p1-$ha!ed !ho0i 3 the 3ood! a d the b1ye-! a d !e//e-! the-eo4 i !144i$ie t detai/ to e ab/e tho!e 3ood! a d tho!e b1ye-! a d !e//e-! to be ide ti4ied. @<:. Ciabi/ity 4o- 4-a1d1/e t $o d1$t o4 b1!i e!!+ "&# I4 i the $o1-!e o4 the p-o$eedi 3! o a app/i$atio made to the & [T-ib1 a/) 1 de- !e$tio 39> o- 398 i -e!pe$t o4 a $ompa y% it appea-! that a y b1!i e!! o4 the $ompa y ha! bee $a--ied o 0ith i te t to de4-a1d $-edito-! o4 the $ompa y% o- a y othepe-!o !% o- 4o- a y 4-a1d1/e t p1-po!e% the & [T-ib1 a/) may% i4 it thi A! it p-ope- !o to do% de$/a-e that a y pe-!o ! 0ho 0e-e A o0i 3/y pa-tie! to the $a--yi 3 o o4 the b1!i e!! i the ma e- a4o-e!aid !ha// be pe-!o a//y -e!po !ib/e% 0itho1t a y /imitatio o4 /iabi/ity% 4o- a// o- a y o4 the debt! o- othe- /iabi/itie! o4 the $ompa y a! the & [T-ib1 a/) may di-e$t. ":# "a# Whe-e the & [T-ib1 a/) maAe! a y !1$h de$/a-atio % it may 3i5e !1$h 41-the- di-e$tio ! a! it thi A! p-ope- 4o- the
p1-po!e o4 3i5i 3 e44e$t to that de$/a-atio . "b# I pa-ti$1/a-% the & [T-ib1 a/) may maAe p-o5i!io 4o- maAi 3 the /iabi/ity o4 a y !1$h pe-!o 1 de- the de$/a-atio a $ha-3e o a y debt o- ob/i3atio d1e 4-om the $ompa y to him% o- o a y mo-t3a3e o- $ha-3e o- a y i te-e!t i a y mo-t3a3e o- $ha-3e o a y a!!et! o4 the $ompa y he/d by o- 5e!ted i him% o- a y pe-!o o hi! beha/4% o- a y pe-!o $/aimi 3 a! a!!i3 ee 4-om o- th-o13h the pe-!o /iab/e o- a y pe-!o a$ti 3 o hi! beha/4. "$# The & [T-ib1 a/) may% 4-om time to time% maAe !1$h 41-theo-de- a! may be e$e!!a-y 4o- the p1-po!e o4 e 4o-$i 3 a y $ha-3e impo!ed 1 dethi! !1b+!e$tio . "d# Fo- the p1-po!e o4 thi! !1b+!e$tio % the e,p-e!!io .a!!i3 ee. i $/1de! a y pe-!o to 0hom o- i 0ho!e 4a5o1-% by the di-e$tio ! o4 the pe-!o /iab/e% the debt% ob/i3atio % mo-t3a3e o- $ha-3e 0a! $-eated% i!!1ed o- t-a !4e--ed o- the i te-e!t 0a! $-eated% b1t doe! ot i $/1de a a!!i3 ee 4o- 5a/1ab/e $o !ide-atio " ot i $/1di 3 $o !ide-atio by 0ay o4 ma--ia3e# 3i5e i 3ood 4aith a d 0itho1t oti$e o4 a y o4 the matte-! o the 3-o1 d o4 0hi$h the de$/a-atio i!
made. "3# Whe-e a y b1!i e!! o4 a $ompa y i! $a--ied o 0ith !1$h i te t o- 4o- !1$h p1-po!e a! i! me tio ed i !1b+ !e$tio "&#% e5e-y pe-!o 0ho 0a! A o0i 3/y a pa-ty to the $a--yi 3 o o4 the b1!i e!! i the ma ea4o-e!aid% !ha// be p1 i!hab/e 0ith imp-i!o me t 4o- a te-m 0hi$h may e,te d to t0o yea-!% o- 0ith 4i e 0hi$h may e,te d to 4i5e tho1!a d -1pee!% o- 0ith both. "<# Thi! !e$tio !ha// app/y% ot0ith!ta di 3 that the pe-!o $o $e- ed may be $-imi a//y /iab/e i -e!pe$t o4 the matte- o the 3-o1 d o4 0hi$h the de$/a-atio i! to be made. @<3. Po0e- o4 & [T-ib1 a/) to a!!e!! dama3e! a3ai !t de/i 91e t di-e$to-!% et$. + "&# I4% i the $o1-!e o4 the p-o$eedi 3! o a app/i$atio made to the & [T-ib1 a/) 1 de- !e$tio 39> o- 398% it appea-! that a y pe-!o 0ho ha! taAe pa-t i the p-omotio o- 4o-matio o4 the $ompa y% o- a y pa!t o- p-e!e t di-e$to- BS% ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!T% ma a3e- o- o44i$e- o4 the $ompa y +
"a# ha! mi!app/ied o- -etai ed o- be$ome /iab/e oa$$o1 tab/e 4o- a y mo ey o- p-ope-ty o4 the $ompa y 2 o"b# ha! bee 31i/ty o4 a y mi!4ea!a $e o- b-ea$h o4 t-1!t i -e/atio to the $ompa y. The & [T-ib1 a/) may% o the app/i$atio o4 a y $-edito- omembe-% e,ami e i to the $o d1$t o4 !1$h pe-!o % di-e$toBS% ma a3i 3 a3e t% !e$-eta-ie! a d t-ea!1-e-!T% ma a3e- o- o44i$e- a4o-e!aid% a d $ompe/ him to -epay o- -e!to-e the mo ey op-ope-ty oa y pa-t the-eo4 -e!pe$ti5e/y% 0ith i te-e!t at !1$h -ate a! the & [T-ib1 a/) thi A! ;1!t o- to $o t-ib1te !1$h !1m to the a!!et! o4 the $ompa y by 0ay o4 $ompe !atio i -e!pe$t o4 the mi!app/i$atio % -etai e-% mi!4ea!a $e o- b-ea$h o4 t-1!t a! the & [T-ib1 a/) thi A! ;1!t. ":# Thi! !e$tio !ha// app/y ot0ith!ta di 3 that the matte- i! o e 4o- 0hi$h the pe-!o $o $e- ed may be $-imi a//y /iab/e. @<<. Ciabi/ity 1 de- !e$tio ! @<: a d @<3 to e,te d to pa-t e-! o- di-e$to-! i 4i-m o- $ompa y + Whe-e a de$/a-atio
1 de- !e$tio @<: o- a o-de- 1 de- !e$tio @<3 i! omay be made i -e!pe$t o4 a 4i-m o- body $o-po-ate% the & [T-ib1 a/) !ha// a/!o ha5e po0e- to maAe a de$/a-atio 1 de- !e$tio @<: o- pa!! a o-de- 1 de- !e$tio @<3% a! the $a!e may be% i -e!pe$t o4 a y pe-!o 0ho i! a pa-t e- i that 4i-m o- a di-e$to- o4 that body $o-po-ate. &. S1b!tit1ted 4o- .Compa y Ca0 Boa-d. by the Compa ie! "Se$o d Ame dme t# A$t% :((: "0.e.4. a date yet to be oti4ied# BWo-d! !ho1/d be omitted
SC8E*DCE KII [See !e$tio '<<) ENACTMENTS REPEACE* Pa3e 3:: o4 33: Gea- No. S1b;e$t to !ho1t tit/e &:3 &9&3 FII The I dia Compa ie! A$t% &9&3. &9<: CIF The Re3i!t-atio o4 T-a !4e--ed Compa ie! O-di a $e. &9@& CII The I dia Compa ie! "Ame dme t# A$t% &9@&. &9@: CI The I dia Compa ie! "Ame dme t# A$t% &9@:.0
& [SC8E*DCE KIII [See !e$tio ! &98% :'9% 3&( a d 3&&) CON*ITIONS TO BE FDCFICCE* FOR T8E APPOINTMENT OF A MANA7IN7 OR W8OCE+TIME *IRECTOR OR A MANA7ER WIT8ODT T8E APPROFAC OF T8E CENTRAC 7OFERNMENT : [PART I APPOINTMENTS No pe-!o !ha// be e/i3ib/e 4o- appoi tme t a! a ma a3i 3 o- 0ho/e+time di-e$to- o- a ma a3e"he-ei a4te- -e4e--ed to a! ma a3e-ia/ pe-!o # o4 a $ompa y 1 /e!! he !ati!4ie! the 4o//o0i 3 $o ditio !% ame/y =+ "a# he had ot bee !e te $ed to imp-i!o me t 4oa y pe-iod% o- to a 4i e e,$eedi 3 o e tho1!a d -1pee!% 4o- the $o 5i$tio o4 a o44e $e 1 de- a y o4 the 4o//o0i 3 A$t!% ame/y = + "i# the I dia Stamp A$t% &899 ": o4 &899#% "ii# the Ce t-a/ E,$i!e! a d Sa/t A$t% &9<< "& o4 &9<<#% "iii# the I d1!t-ie! "*e5e/opme t a d Re31/atio # A$t% &9@& "'@ o4 &9@&#% "i5# the P-e5e tio o4 Food Ad1/te-atio A$t% &9@< "3> o4 &9@<#% "5# the e!!e tia/ Commoditie! A$t% &9@@ "&( o4 &9@@#% "5i# the Compa ie! A$t% &9@' "& o4 &9@'#%
"5ii# the !e$1-itie! Co t-a$t! "Re31/atio # A$t% &9@' "<: o4 &9@'#% "5iii# the Wea/th+ta, A$t% &9@> ":> o4 &9@>#% "i,# the I $ome+ta, A$t% &9'& "<3 o4 &9'&#% ",# the C1!tom! A$t% &9': "@: o4 &9':#% ",i# the mo opo/ie! a d Re!t-i$ti5e T-ade P-a$ti$e! A$t% &9'9 "@< o4 &9'9#% ",ii# the Fo-ei3 E,$ha 3e Re31/atio A$t% &9>3 "<' o4 &9>3#% ",iii# the Si$A I d1!t-ia/ Compa ie! "Spe$ia/ P-o5i!io !# A$t% &98@ "& o4 &98'#% ",i5# the Se$1-itie! a d E,$ha 3e Boa-d o4 I dia A$t% &99: "&@ o4 &99:#% ",5# the Fo-ei3 T-ade "*e5e/opme t a d Re31/atio # A$t% &99: ":: o4 &99:# 2 "b# he had ot bee detai ed 4o- a y pe-iod 1 de- the Co !e-5atio o4 Fo-ei3 E,$ha 3e a d P-e5e tio o4 Sm133/i 3 A$ti5itie! A$t% &9>< "@: o4 &9><# = P-o5ided that 0he-e the Ce t-a/ 7o5e- me t ha! 3i5e it! app-o5a/ to the appoi tme t o4 a pe-!o $o 5i$ted odetai ed 1 de- !1b+pa-a3-aph "a# o- !1b+pa-a3-aph "b#% a! the $a!e may be% o 41-theapp-o5a/ o4 the Ce t-a/ 7o5e- me t !ha// be e$e!!a-y 4o- the !1b!e91e t appoi tme t o4 that pe-!o i4 he had ot bee !o $o 5i$ted odetai ed !1b!e91e t to !1$h app-o5a/ 2 3 ["$# he ha! $omp/eted a3e o4 :@ yea-! a d ha! ot attai ed the a3e o4 >( yea-! =
P-o5ided that 0he-e + "i# he ha! ot $omp/eted the a3e o4 :@ yea-!% b1t ha! attai ed the a3e o4 ma;o-ity 2 o"ii# he ha! attai ed the a3e o4 >( yea-! 2 a d 0he-e hi! appoi tme t i! app-o5ed by a !pe$ia/ -e!o/1tio pa!!ed by the $ompa y i 3e e-a/ meeti 3% o 41-theapp-o5a/ o4 the Ce t-a/ 7o5e- me t !ha// be e$e!!a-y 4o- !1$h appoi tme t 2 "d# 0he-e he i! a ma a3e-ia/ pe-!o i mo-e tha o e $ompa y he d-a0! -em1 e-atio 4-om o e o- mo-e $ompa ie! !1b;e$t to the $ei/i 3 p-o5ided i Se$tio III o4 Pa-t II 2) "e# he i! -e!ide t i I dia. E,p/a atio < [I) = Fo- the p1-po!e o4 thi! S$hed1/e% -e!ide t i I dia i $/1de! a pe-!o 0ho ha! bee !tayi 3 i I dia 4o- a $o ti 1o1! pe-iod o4 ot /e!! tha t0e/5e mo th! immediate/y p-e$edi 3 the date o4 hi! appoi tme t a! a ma a3e-ia/ pe-!o a d 0ho ha! $ome to !tay i I dia% + "i# 4o- taAi 3 1p emp/oyme t i I dia% o"ii# 4o- $a--yi 3 o a b1!i e!! o- 5o$atio i I dia. < [E,p/a atio II = Thi! $o ditio !ha// ot app/y to the $ompa ie! i !pe$ia/ E$o omi$ No e! a! oti4ied by *epa-tme t o4 Comme-$e 4-om time to time =
P-o5ided that a pe-!o % bei 3 a o +-e!ide t i I dia !ha// e te- I dia o /y a4te- obtai i 3 a p-opeemp/oyme t 5i!a 4-om the $o $e- ed I dia Mi!!io ab-oad. Fo- thi! p1-po!e% !1$h pe-!o !ha// be -e91i-ed to 41- i!h% a/o 3 0ith the 5i!a app/i$atio 4o-m% p-o4i/e o4 the $ompa y% the p-i $ipa/ emp/oye- a d te-m! a d $o ditio ! o4 !1$h pe-!o ?! appoi tme t.) &. S1b!tit1ted by the Noti4i$atio No. @&("E# dated &<+ >+&993. :. S1b!tit1ted by 7SR <8"E# dated &+:+&99<. Pa3e 3:3 o4 33: 3. S1b!tit1ted 4o- the 4o//o0i 3 !1b+pa-a3-aph! "$# a d "d # by Noti4i$atio No. 7SR <&8"E# dated &:+9+&99' = ."$# he ha! $omp/eted the a3e o4 t0e ty+4i5e yea-! a d ha! ot attai ed the a3e o4 !e5e ty yea-! o- the a3e o4 -eti-eme t% i4 a y% !pe$i4ied by the $ompa y% 0hi$he5e- i! ea-/ie-2 "d# 0he-e he i! ma a3e-ia/ pe-!o i mo-e tha o e $ompa y% he opt! to d-a0 -em1 e-atio 4-om o /y o e $ompa y 2. <. I !e-ted by Noti4i$atio No. 7SR '>("E# dated 3(+9+ :((: PART II REMDNERATION Se$tio I + Rem1 e-atio payab/e by $ompa ie! ha5i 3 p-o4it!
S1b;e$t to the p-o5i!io ! o4 !e$tio ! &98 a d 3(9% a $ompa y ha5i 3 p-o4it! i a 4i a $ia/ yea- may pay a y -em1 e-atio % by 0ay o4 !a/a-y% dea- e!! a//o0a $e% pe-91i!ite!% $ommi!!io a d othe- a//o0a $e!% 0hi$h !ha// ot e,$eed 4i5e pe- $e t o4 it! et p-o4it! 4o- o e !1$h ma a3e-ia/ pe-!o % a d i4 the-e i! mo-e tha o e !1$h ma a3e-ia/ pe-!o % te pe- $e t 4o- a// o4 them to3ethe-. Se$tio II + Rem1 e-atio payab/e by $ompa ie! ha5i 3 o p-o4it! o- i ade91ate p-o4it! & [&. Not0ith!ta di 3 a ythi 3 $o tai ed i thi! Pa-t% 0he-e i a y 4i a $ia/ yea- d1-i 3 the $1--e $y o4 te 1-e o4 the ma a3e-ia/ pe-!o % a $ompa y ha! o p-o4it! o- it! p-o4it! a-e i ade91ate% it may pay -em1 e-atio to a ma a3e-ia/ pe-!o by 0ay o4 !a/a-y% dea- e!! a//o0a $e% pe-91i!ite! a d a y othe- a//o0a $e!% + "A# ot e,$eedi 3 the $ei/i 3 /imit o4 R!. :<%((%((( pea 1m o- R!. :%((%((( pe- mo th $a/$1/ated o the 4o//o0i 3 !$a/e =+ Whe-e the e44e$ti5e $apita/ o4 $ompa y i! Mo th/y -em1 e-atio payab/e !ha// ot e,$eed "R1pee!# "i# /e!! tha -1pee! & $-o-e >@%((( "ii# -1pee! & $-o-e o- mo-e b1t /e!! tha -1pee! @ $-o-e &%((%(((
"iii# -1pee! @ $-o-e o- mo-e b1t /e!! tha -1pee! :@ $-o-e &%:@%((( "i5# -1pee! :@ $-o-e o- mo-e b1t /e!! tha -1pee! @( $-o-e &%@(%((( "5# -1pee! @( $-o-e o- mo-e b1t /e!! tha -1pee! &(( $-o-e &%>@%((( "5i# -1pee! &(( $-o-e o- mo-e :%((%((( P-o5ided that the $ei/i 3 /imit! !pe$i4ied 1 dethi! !1b+pa-a3-aph !ha// app/y% i4 + "i# payme t o4 -em1 e-atio i! app-o5ed by a -e!o/1tio pa!!ed by the Rem1 e-atio Committee 2 "ii# the $ompa y ha! ot made a y de4a1/t i -epayme t o4 a y o4 it! debt! "i $/1di 3 p1b/i$ depo!it!# o- debe t1-e! oi te-e!t payab/e the-eo 4o- a $o ti 1o1! pe-iod o4 thi-ty day! i the p-e$edi 3 4i a $ia/ yea- be4o-e the date o4 appoi tme t o4 !1$h ma a3e-ia/ pe-!o . "B# ot e,$eedi 3 the $ei/i 3 /imit o4 R!.<8%((%((( pea 1m o- R!. <%((%((( pe- mo th $a/$1/ated o the 4o//o0i 3 !$a/e = + Whe-e the e44e$ti5e $apita/ o4 $ompa y i! Mo th/y -em1 e-atio payab/e !ha// ot e,$eed "R1pee!# "i# /e!! tha -1pee! & $-o-e &%@(%((( "ii# -1pee! & $-o-e o- mo-e b1t /e!! tha -1pee! @ $-o-e :%((%((( "iii# -1pee! @ $-o-e o- mo-e b1t /e!! tha -1pee! :@ $-o-e :%@(%((( "i5# -1pee! :@ $-o-e o- mo-e b1t /e!! tha -1pee! @( $-o-e 3%((%(((
"5# -1pee! @( $-o-e o- mo-e b1t /e!! tha -1pee! &(( $-o-e 3%@(%((( "5i# -1pee! &(( $-o-e o- mo-e <%((%((( = P-o5ided that the $ei/i 3 /imit! !pe$i4ied 1 dethi! !1b+pa-a3-aph !ha// app/y% i4 + "i# payme t o4 -em1 e-atio i! app-o5ed by a -e!o/1tio pa!!ed by the Rem1 e-atio Committee 2 "ii# the $ompa y ha! ot made a y de4a1/t i -epayme t o4 a y o4 it! debt! "i $/1di 3 p1b/i$ depo!it!# o- debe t1-e! oi te-e!t payab/e the-eo 4o- a $o ti 1o1! pe-iod o4 thi-ty day! i the p-e$edi 3 4i a $ia/ yea- be4o-e the date o4 appoi tme t o4 !1$h ma a3e-ia/ pe-!o 2 "iii# a !pe$ia/ -e!o/1tio ha! bee pa!!ed at the 3e e-a/ meeti 3 o4 the $ompa y 4o- payme t o4 -em1 e-atio 4o- a pe-iod ot e,$eedi 3 th-ee yea-!2 "i5# a !tateme t a/o 3 0ith a oti$e $a//i 3 the 3e e-a/ meeti 3 -e4e--ed to i $/a1!e "iii# i! 3i5e to the !ha-eho/de-! $o tai i 3 the 4o//o0i 3 i 4o-matio % ame/y 2 + I. 7e e-a/ I 4o-matio = "&# Nat1-e o4 i d1!t-y ":# *ate o- e,pe$ted date o4 $omme $eme t o4 $omme-$ia/ p-od1$tio "3# I $a!e o4 e0 $ompa ie!% e,pe$ted date o4 $omme $eme t o4 a$ti5itie! a! pe- p-o;e$t app-o5ed by 4i a $ia/ i !tit1tio ! appea-i 3 i the p-o!pe$t1!. "<# Fi a $ia/ pe-4o-ma $e ba!ed o 3i5e i di$ato-!
"@# E,po-t pe-4o-ma $e a d et 4o-ei3 e,$ha 3e $o//abo-atio ! "'# Fo-ei3 i 5e!tme t! o- $o//abo-ato-!% i4 a y. II. I 4o-matio abo1t the appoi tee = "&# Ba$A3-o1 d detai/! ":# Pa!t -em1 e-atio "3# Re$o3 itio o- a0a-d! "<# Iob p-o4i/e a d hi! !1itabi/ity "@# Rem1 e-atio p-opo!ed "'# Compa-ati5e -em1 e-atio p-o4i/e 0ith -e!pe$t to i d1!t-y% !iJe o4 the $ompa y% p-o4i/e o4 the po!itio a d pe-!o "i $a!e o4 e,pat-iate! the -e/e5a t detai/! 0o1/d be 0.-.t. the $o1 t-y o4 hi! o-i3i # Pa3e 3:< o4 33: "># Pe$1 ia-y -e/atio !hip di-e$t/y o- i di-e$t/y 0ith the $ompa y% o- -e/atio !hip 0ith the ma a3e-ia/ pe-!o e/% i4 a y. III. Othe- i 4o-matio = "&# Rea!o ! o4 /o!! o- i ade91ate p-o4it! ":# Step! taAe o- p-opo!ed to be taAe 4oimp-o5eme t "3# E,pe$ted i $-ea!e i p-od1$ti5ity a d p-o4it! i mea!1-ab/e te-m!. IF. *i!$/o!1-e! = "&# The !ha-eho/de-! o4 the $ompa y !ha// be i 4o-med o4 the -em1 e-atio pa$Aa3e o4 the ma a3e-ia/ pe-!o . ":# The 4o//o0i 3 di!$/o!1-e! !ha// be me tio ed i the Boa-d o4 di-e$to-?! -epo-t 1 de- the headi 3 .Co-po-ate 7o5e- a $e.% i4 a y% atta$hed to the a 1a/ -epo-t = +
"i# A// e/eme t! o4 -em1 e-atio pa$Aa3e !1$h a! !a/a-y% be e4it!% bo 1!e!% !to$A optio !% pe !io % et$.% o4 a// the di-e$to-! 2 "ii# *etai/! o4 4i,ed $ompo e t a d pe-4o-ma $e /i Aed i $e ti5e! a/o 3 0ith the pe-4o-ma $e $-ite-ia 2 "iii# Se-5i$e $o t-a$t!% oti$e pe-iod% !e5e-a $e 4ee! 2 "i5# Sto$A optio detai/!% i4 a y% a d 0hethe- the !ame ha! bee i!!1ed at a di!$o1 t a! 0e// a! the pe-iod o5e- 0hi$h a$$-1ed a d o5e- 0hi$h e,e-$i!ab/e. "C# e,$eedi 3 the $ei/i 3 /imit o4 R!. <8%((%((( pea 1m o- R!. <%((%((( pe- mo th $a/$1/ated o the 4o//o0i 3 !$a/e i4 the $ompa y i! a /i!ted $ompa y o- a !1b!idia-y o4 a /i!ted $ompa y3 =+ Whe-e the e44e$ti5e $apita/ o4 $ompa y i! Mo th/y -em1 e-atio payab/e !ha// ot e,$eed "R1pee!# "i# /e!! tha -1pee! & $-o-e &%@(%((( "ii# -1pee! & $-o-e o- mo-e b1t /e!! tha -1pee! @ $-o-e :%((%((( "iii# -1pee! @ $-o-e o- mo-e b1t /e!! tha -1pee! :@ $-o-e :%@(%((( "i5# -1pee! :@ $-o-e o- mo-e b1t /e!! tha -1pee! @( $-o-e 3%((%((( "5# -1pee! @( $-o-e o- mo-e b1t /e!! tha -1pee! &(( $-o-e 3%@(%((( "5i# -1pee! &(( $-o-e o- mo-e <%((%((( P-o5ided that the $ei/i 3 /imit! !pe$i4ied 1 dethi! !1b+pa-a3-aph !ha// app/y% i4 +
"i# payme t o4 -em1 e-atio i! app-o5ed by a -e!o/1tio pa!!ed by the Rem1 e-atio Committee 2 "ii# the $ompa y ha! ot made a y de4a1/t i -epayme t o4 a y o4 it! debt! "i $/1di 3 p1b/i$ depo!it!# o- debe t1-e! oi te-e!t payab/e the-eo 4o- a $o ti 1o1! pe-iod o4 thi-ty day! i the p-e$edi 3 4i a $ia/ yea- be4o-e the date o4 appoi tme t o4 !1$h ma a3e-ia/ pe-!o 2 "iii# a !pe$ia/ -e!o/1tio ha! bee pa!!ed at the 3e e-a/ meeti 3 o4 the $ompa y 4o- payme t o4 -em1 e-atio 4o- a pe-iod ot e,$eedi 3 th-ee yea-!2 "i5# a !tateme t a/o 3 0ith a oti$e $a//i 3 the 3e e-a/ meeti 3 -e4e--ed to i $/a1!e "iii# i! 3i5e to the !ha-eho/de-! $o tai i 3 the 4o//o0i 3 i 4o-matio % ame/y 2 + I. 7e e-a/ I 4o-matio = "&# Nat1-e o4 i d1!t-y ":# *ate o- e,pe$ted date o4 $omme $eme t o4 $omme-$ia/ p-od1$tio . "3# I $a!e o4 e0 $ompa ie!% e,pe$ted date o4 $omme $eme t o4 a$ti5itie! a! pe- p-o;e$t app-o5ed by 4i a $ia/ i !tit1tio ! appea-i 3 i the p-o!pe$t1!. "<# Fi a $ia/ pe-4o-ma $e ba!ed o 3i5e i di$ato-! "@# E,po-t pe-4o-ma $e a d et 4o-ei3 e,$ha 3e $o//abo-atio ! "'# Fo-ei3 i 5e!tme t! o- $o//abo-ato-!% i4 a y. II. I 4o-matio abo1t the appoi tee = "&# Ba$A3-o1 d detai/!
":# Pa!t -em1 e-atio "3# Re$o3 itio o- a0a-d! "<# Iob p-o4i/e a d hi! !1itabi/ity "@# Rem1 e-atio p-opo!ed "'# Compa-ati5e -em1 e-atio p-o4i/e 0ith -e!pe$t to i d1!t-y% !iJe o4 the $ompa y% p-o4i/e o4 the po!itio a d pe-!o "i $a!e o4 e,pat-iate! the -e/e5a t detai/! 0o1/d be 0.-.t. the $o1 t-y o4 hi! o-i3i # "># Pe$1 ia-y -e/atio !hip di-e$t/y o- i di-e$t/y 0ith the $ompa y% o- -e/atio !hip 0ith the ma a3e-ia/ pe-!o e/% i4 a y. III. Othe- i 4o-matio = "&# Rea!o ! o4 /o!! o- i ade91ate p-o4it! ":# Step! taAe o- p-opo!ed to be taAe 4oimp-o5eme t "3# E,pe$ted i $-ea!e i p-od1$ti5ity a d p-o4it! i mea!1-ab/e te-m!. IF. *i!$/o!1-e! = "&# The !ha-eho/de-! o4 the $ompa y !ha// be i 4o-med o4 the -em1 e-atio pa$Aa3e o4 the ma a3e-ia/ pe-!o . ":# The 4o//o0i 3 di!$/o!1-e! !ha// be me tio ed i the Boa-d o4 di-e$to-?! -epo-t 1 de- the headi 3 .Co-po-ate 7o5e- a $e.% i4 a y atta$hed to the a 1a/ -epo-t = + "i# A// e/eme t! o4 -em1 e-atio pa$Aa3e !1$h a! !a/a-y% be e4it!% bo 1!e!% !to$A optio !% pe !io % et$.% o4 a// the di-e$to-! 2
"ii# *etai/! o4 4i,ed $ompo e t a d pe-4o-ma $e /i Aed i $e ti5e! a/o 3 0ith the pe-4o-ma $e $-ite-ia 2 "iii# Se-5i$e $o t-a$t!% oti$e pe-iod% !e5e-a $e 4ee! 2 "i5# Sto$A optio detai/!% i4 a y% a d 0hethe- the !ame ha! bee i!!1ed at a di!$o1 t a! 0e// a! the pe-iod o5e- 0hi$h a$$-1ed a d o5e- 0hi$h e,e-$i!ab/e. P-o5ided 41-the- that the $o ditio ! !pe$i4ied i !1b+ pa-a3-aph "C# !ha// app/y i the $a!e the e44e$ti5e $apita/ o4 the $ompa y i! e3ati5e = Pa3e 3:@ o4 33: P-o5ided a/!o that the p-ioapp-o5a/ o4 the Ce t-a/ 7o5e- me t i! obtai ed 4o- payme t o4 -em1 e-atio o the abo5e !$a/e. : ["* # ot e,$eedi 3 R!. :%<(%((%((( pe- a 1m o- R!. :(%((%((( pe- mo th i -e!pe$t o4 Compa ie! i Spe$ia/ E$o omi$ No e! a! oti4ied by *epa-tme t o4 Comme-$e 4-om time to time = P-o5ided that the!e $ompa ie! ha5e ot -ai!ed a y mo ey by p1b/i$ i!!1e o4 !ha-e! o- debe t1-e! i I dia = P-o5ided 41-the- that !1$h $ompa ie! ha5e ot made a y de4a1/t i I dia i -epayme t o4 a y o4 it! debt! "i $/1di 3 p1b/i$ depo!it!# o- debe t1-e! o- i te-e!t payab/e the-eo 4o- a $o ti 1o1! pe-iod o4 thi-ty day! i a y 4i a $ia/ yea-.)
:. A ma a3e-ia/ pe-!o !ha// a/!o be e/i3ib/e to the 4o//o0i 3 pe-91i!ite! 0hi$h !ha// ot be i $/1ded i the $omp1tatio o4 the $ei/i 3 o -em1 e-atio !pe$i4ied i pa-a3-aph & o4 thi! !e$tio = "a# $o t-ib1tio to p-o5ide t 41 d% !1pe-a 1atio 41 d o- a 1ity 41 d to the e,te t the!e eithe- !i 3/y o- p1t to3ethea-e ot ta,ab/e 1 de- the I $ome+ta, A$t% &9'&% "b# 3-at1ity payab/e at a -ate ot e,$eedi 3 ha/4 a mo th?! !a/a-y 4o- ea$h $omp/eted yea- o4 !e-5i$e% a d "$# e $a!hme t o4 /ea5e at the e d o4 the te 1-e. 3. I additio to the pe-91i!ite! !pe$i4ied i pa-a3-aph : o4 thi! !e$tio % a e,pat-iate ma a3e-ia/ pe-!o "i $/1di 3 a o +-e!ide t I dia # !ha// be e/i3ib/e to the 4o//o0i 3 pe-91i!ite! 0hi$h !ha// ot be i $/1ded i the $omp1tatio o4 the $ei/i 3 o -em1 e-atio !pe$i4ied i pa-a3-aph & o4 thi! !e$tio = "a# Chi/d-e ?! ed1$atio a//o0a $e = I $a!e o4 $hi/d-e !t1dyi 3 i o- o1t!ide I dia% a a//o0a $e /imited to a ma,im1m o4 R!. @%((( pe- mo th pe- $hi/d o- a$t1a/ e,pe !e! i $1--ed% 0hi$he5e- i /e!!. S1$h a//o0a $e i! admi!!ib/e 1pto a ma,im1m o4 t0o $hi/d-e . "b# 8o/iday pa!!a3e 4o- $hi/d-e !t1dyi 3 o1t!ide I diaL4ami/y !tayi 3% ab-oad = Ret1- ho/iday pa!!a3e o $e i a yea-
by e$o omy $/a!! o- o $e i t0o yea-! by 4i-!t $/a!! to $hi/d-e a d to the membe-! o4 the 4ami/y 4-om the p/a$e o4 thei- !t1dy o- !tay ab-oad to I dia i4 they a-e ot -e!idi 3 i I dia 0ith the ma a3e-ia/ pe-!o . "$# Cea5e t-a5e/ $o $e!!io = Ret1- pa!!a3e 4o- !e/4 a d 4ami/y i a$$o-da $e 0ith the -1/e! !pe$i4ied by the $ompa y 0he-e it i! p-opo!ed that the /ea5e be !pe t i home $o1 t-y i !tead o4 a y0he-e i I dia. E,p/a atio I . + Fo- the p1-po!e! o4 !e$tio II o4 thi! pa-t% .e44e$ti5e $apita/. mea ! the a33-e3ate o4 the paid+1p !ha-e $apita/ "e,$/1di 3 !ha-e app/i$atio mo ey oad5a $e! a3ai !t !ha-e!% amo1 t% i4 a y% 4o- the time bei 3 !ta di 3 to the $-edit o4 !ha-e p-emi1m a$$o1 t% -e!e-5e! a d !1-p/1! "e,$/1di 3 -e5a/1atio -e!e-5e#% /o 3+te-m /oa ! a d depo!it! -epayab/e a4te- o e yea"e,$/1di 3 0o-Ai 3 $apita/ /oa !% o5e-d-a4t!% i te-e!t d1e o /oa ! 1 /e!! 41 ded% ba A 31a-a tee% et$.% a d othe- !ho-t+te-m a--a 3eme t!# a! -ed1$ed by the a33-e3ate o4 a y i 5e!tme t! "e,$ept i the $a!e o4 i 5e!tme t by a i 5e!tme t $ompa y 0ho!e p-i $ipa/ b1!i e!! i! a$91i!itio o4 !ha-e!% !to$A debe t1-e! o- othe- !e$1-itie!#% a$$1m1/ated /o!!e! a d p-e/imi a-y e,pe !e! ot 0-itte o44.
E,p/a atio II . + "a# Whe-e the appoi tme t o4 the ma a3e-ia/ pe-!o i! made i the yea- i 0hi$h $ompa y ha! bee i $o-po-ated% the e44e$ti5e $apita/ !ha// be $a/$1/ated a! o the date o4 !1$h appoi tme t 2 "b# I a y othe- $a!e% the e44e$ti5e $apita/ !ha// be $a/$1/ated a! o the /a!t date o4 the 4i a $ia/ yea- p-e$edi 3 the 4i a $ia/ yeai 0hi$h the appoi tme t o4 the ma a3e-ia/ pe-!o i! made. E,p/a atio III . + Fo- the p1-po!e! o4 !e$tio II o4 thi! pa-t% 4ami/y mea ! the !po1!e% depe de t $hi/d-e a d depe de t pa-e t! o4 the ma a3e-ia/ pe-!o . : [E,p/a atio IF. + Fo- the p1-po!e! o4 thi! !e$tio % .Rem1 e-atio Committee. mea ! "i# [i -e!pe$t o4 a /i!ted $ompa y% a $ommittee 0hi$h $o !i!t! o4 at/ea!t th-ee o +e,e$1ti5e i depe de t di-e$to-! i $/1di 3 omi ee di-e$to-!% i4 a y2 a d "ii# i -e!pe$t o4 a y othe- $ompa y% a Rem1 e-atio Committee o4 *i-e$to-!) 3 . E,p/a atio F . + Fo- the p1-po!e! o4 thi! $/a1!e% the Rem1 e-atio Committee 0hi/e app-o5i 3 the -em1 e-atio 1 dethi! !e$tio % !ha//% +
"a# taAe i to a$$o1 t% 4i a $ia/ po!itio o4 the $ompa y% t-e d i the i d1!t-y% appoi tee?! 91a/i4i$atio % e,pe-ie $e% pa!t pe-4o-ma $e% pa!t -em1 e-atio % et$. "b# be i a po!itio to b-i 3 abo1t ob;e$ti5ity i dete-mi i 3 the -em1 e-atio pa$Aa3e 0hi/e !t-iAi 3 a ba/a $e bet0ee the i te-e!t o4 the $ompa y a d the !ha-eho/de-!. E,p/a atio FI . + 4o- the p1-po!e! o4 Pa-a3-aph &% . e3ati5e e44e$ti5e $apita/. mea ! the e44e$ti5e $apita/ 0hi$h i! $a/$1/ated = + "a# i a$$o-da $e 0ith the p-o5i!io ! $o tai ed i E,p/a atio I o4 thi! Pa-t 2 "b# /e!! tha Je-o.) &. S1b!tit1ted by Noti4i$atio No. 7SR 3'"E# dated &'+ &+:((: :. I !e-ted By the Noti4i$atio No. 7SR @'@"E#% dated &<+8+:((: 3. I !e-ted 5ide Noti4i$aito o. 7.S.R. >("E# dated 8th Feb-1a-y% :(&& & [SECTION III + REMDNERATION PAGABCE TO A MANA7ERIAC PERSON IN TWO COMPANIES S1b;e$t to the p-o5i!io ! o4 !e$tio ! I a d II% a ma a3e-ia/ pe-!o !ha// d-a0 -em1 e-atio 4-om o e o- both $ompa ie!% p-o5ided that the tota/ -em1 e-atio d-a0 4-om the $ompa ie! doe! ot e,$eed the hi3hema,im1m /imit
admi!!ib/e 4-om a y o e o4 the $ompa ie! o4 0hi$h he i! a ma a3e-ia/ pe-!o .) &. I !e-ted By the Noti4i$atio No. 7SR <&8"E#% dated &:+9+&99'. PART III PROFISIONS APPCICABCE TO PARTS I AN* II OF T8IS SC8E*DCE &. The appoi tme t a d -em1 e-atio -e4e--ed to i Pa-t! I a d II o4 thi! S$hed1/e !ha// be !1b;e$t to app-o5a/ by a -e!o/1tio o4 the !ha-eho/de-! i 3e e-a/ meeti 3. :. The a1dito- o- the !e$-eta-y o4 the $ompa y o0he-e the $ompa y ha! ot appoi ted a !e$-eta-y% a !e$-eta-y i 0ho/e+time p-a$ti$e !ha// $e-ti4y that the -e91i-eme t! o4 thi! S$hed1/e ha5e bee $omp/ied 0ith a d !1$h $e-ti4i$atePa3e 3:' o4 33: !ha// be i $o-po-ated i the -et1- 4i/ed 0ith the Re3i!t-a- 1 de- !1b+!e$tio ":# o4 !e$tio :'9.)
& [SC8E*DCE KIF [See !e$tio ! :(@ a d 3@() RATES OF *EPRECIATION Nat1-e o4 a!!et! Si 3/e Shi4t *o1b/e Shi4t T-ip/e Shi4t W*F SCM W*F SCM W*F SCM &:3<@'> I. "a# BDIC*IN7S "othetha
4a$to-y b1i/di 3!# [NES*) "b# FACTORG BDIC*IN7S "$# PDRECG TEMPORARG ERECTIONS !1$h a! 0oode !t-1$t1-e! II. PCANT AN* MAC8INERG : ["i# 7e e-a/ -ate app/i$ab/e to% + "a# p/a t a d ma$hi e-y " ot bei 3 a !hip# othetha $o ti 1o1! p-o$e!! p/a t 4o0hi$h o !pe$ia/ -ate ha! bee p-e!$-ibed 1 de"ii# be/o0 = "b# $o ti 1o1! p-o$e!! p/a t% 3
[BBB) 4o- 0hi$h o+!pe$ia/ -ate ha! bee p-e!$-ibed 1 de"ii# be/o0 [NES*). "ii# Spe$ia/ -ate! A.&. Ci emato3-aph 4i/m! + Ma$hi e-y 1!ed i the p-od1$tio a d e,hibitio o4 $i emato3-aph 4i/m! [NES*). "a# Re$o-di 3 e91ipme t% -ep-od1$i 3 e91ip+me t de5e/opi 3 ma$hi e!% p-i ti 3 ma$+ hi e!% editi 3 ma$hi e!% !y $h-o i!e-! a d !t1dio /i3ht! e,$ept b1/b!. "b# P-o;e$ti 3 e91ipme t o4 4i/m e,hibiti 3 $o $e- !.
:. Cy$/e! [NES*). : [3. E/e$t-i$a/ ma$hi e-y% K+-ay a d e/e$t-o+ the-ape1ti$ Pa3e 3:> o4 33: appa-at1! a d a$$e!!o-ie! the-eto% medi$a/% dia3 o!ti$ e91ipme t!% ame/y% $at+!$a % 1/t-a!o1 d ma$hi e!% EC7 mo ito-!% et$. [NES*). <. I1i$e boi/i 3 pa ! "Aa-hai!# [NES*). @. Moto-+$a-!% moto-+$y$/e!% !$oote-! a d othe- moped! [NES*). '. E/e$t-i$a//y ope-ated 5ehi$/e! i $/1di 3 batte-y
po0e-ed o- 41e/ $e// po0e-ed 5ehi$/e! [NES*). >. S13a-$a e $-1!he-! "i di+ 3e o1! Ao/h1! a d be/a !# [NES*). 8. 7/a!! ma 14a$t1-i 3 $o $e- ! e,$ept di-e$t 4i-e 3/a!! me/ti 3 41- a$e! Re$1pe-ati5e a d -e3e e-ati5e 3/a!! me/ti 3 41- a$e! + 9. Ma$hi e-y 1!ed i the ma 14a$t1-e o4 e/e$t-o i$ 3ood! a d $ompo e t! B.&. < [Ae-op/a e!% ae-o e 3i e!% !im1/ato-!% 5i!1a/
!y!tem a d 91i$A e 3i e $ha 3e e91ipme t [NES*). :. Co $-ete pipe! ma 14a$t1-e mo1/d! [NES*). 3. *-1m $o tai ema 1+ 4a$t1-e+ die! [NES*). <. Ea-th+mo5i 3 ma$hi e-y emp/oyed i hea5y $o !t-1$tio 0o-A!% !1$h a! dam!% t1 e/!% $a a/!% et$. [NES*). @. 7/a!! ma 14a$t1-i 3 $o $e- ! e,$ept di-e$t 4i-e 3/a!! me/ti 3 41- a$e! + Mo1/d! [NES*). '. Mo1/d! i i-o Pa3e 3:8 o4 33: 4o1 d-ie! [NES*). >. Mi e-a/ oi/ $o $e- ! + Fie/d ope-atio ! "abo5e
3-o1 d# + Po-tab/e boi/e-!% d-i//i 3 too/!% 0e//+ head ta A!% -i3!% et$. [NES*). 8. Mi e! a d 91a--ie! + po-tab/e 1 de-3-o1 d ma$hi e-y a d ea-th+mo5i 3 ma$hi e-y 1!ed i ope $a!t mi i 3 [NES*). 9. Moto- b1!e! a d moto- /o--ie! othetha tho!e 1!ed i a b1!i e!! o4 -1 i 3 them o hi-e [NES*). 9A. Motot-a$to-!% ha-5e!ti 3 $ombi e! [NES*). &(. Patte- !% die! a d temp/ate% [NES*). &&. Rope0ay !t-1$t1-e! +
Rope0ay!% -ope! a d t-e!t/e !hea5e! a d $o e$ted pa-t! [NES*). &:. Shoe a d othe- /eathe3ood! 4a$to-ie! + Woode /a!t! 1!ed i the ma 14a$t1-e o4 !hoe! . C. &. @ [BBB) :. Moto- b1!e!% moto- /o--ie! a d moto- ta,i! 1!ed i a b1!i e!! o4 -1 i 3 them o hi-e [NES*) 3. R1bbe- a d p/a!ti$ 3ood! 4a$to-ie! mo1/d! [NES*) <. *ata p-o$e!!i 3 ma$hi e! i $/1di 3
$omp1te-! [NES*) @. 7a! $y/i de-! i $/1di 3 5a/5e! a d -e31/ato-! [NES*) *.& A-ti4i$ia/ !i/A ma 14a$t1-i 3 ma$hi e-y 0oode pa-t! Pa3e 3:9 o4 33: :. Ci emato3-aph 4i/m! + B1/b! o4 !t1dio /i3ht! 3. F/o1- mi//! + Ro//e-! <. 7/a!! ma 14a$t1-i 3 $o $e- ! + *i-e$t 4i-e 3/a!! me/ti 3 41- a$e!. ' [<A. F/oat 7/a!! Me/ti 3 F1- a$e! "NES*# @. I-o a d Stee/ i d1!t-ie! + Ro//i 3 mi// -o//!
'. Mat$h 4a$to-ie! + Woode mat$h 4-ame! >. Mi e-a/ oi/ $o $e- ! + "a# P/a t 1!ed i 4ie/d ope-atio ! "be/o0 3-o1 d# + *i!t-ib1tio + -et1- ab/e pa$Aa3e! 2 "b# P/a t 1!ed i 4ie/d ope-atio ! "be/o0 3-o1 d# b1t ot i $/1di 3 a!!et! 1!ed i 4ie/d ope-atio ! "di!t-ib1tio # + 6e-b!ide p1mp! i $/1di 3 1 de-3-o1 d ta A! a d 4itti 3!. 8. Mi e! a d 91a--ie! + "a# T1b!% 0i di 3 -ope!% ha1/a3e -ope! a d !a d !to0i 3 pipe!% "b# Sa4ety /amp!. 9. Sa/t 0o-A! +
Sa/t pa !% -e!e-5oi-! a d $o de !e-!% et$.% made o4 ea-thy% !a dy o- $/ay mate-ia/ o- a y othe- !imi/amate-ia/ &(. S13a- 0o-A! + Ro//e-!. III. FDRNITDRE AN* FITTIN7S : [&. 7e e-a/ Rate! [NES*) :. Rate 4o41- it1-e a d 4itti 3! 1!ed i hote/!% -e!ta1-a t! a d boa-di 3 ho1!e! 2 !$hoo/!% $o//e3e! a d otheed1$atio a/ i !tit1tio !% /ib-a-ie! 2 0e/4a-e $e t-e! 2 meeti 3 ha//!% $i ema Pa3e 33( o4 33: ho1!e! 2 theat-e!
a d $i-$1!e! 2 a d 4o- 41- it1-e a d 4itti 3! /et o1t o hi-e 4o- 1!e o the o$$a!io o4 ma--ia3e! a d !imi/a- 41 $tio ! [NES*) IF. S8IPS &. O$ea +3oi 3 !hip! + "i# Fi!hi 3 5e!!e/! 0ith 0oode h1// [NES*) "ii# *-ed3e-!% t13!% ba-3e!% !1-5ey /a1 $he! a d othe- !imi/a!hip! 1!ed mai /y 4o- d-ed3i 3 p1-po!e! [NES*) "iii# Othe- !hip! [NES*) :. Fe!!e/! o-di a-i/y ope-ati 3 o i /a d 0ate-! +
"i# Speed boat! [NES*) "ii# Othe- 5e!!e/! [NES*) ] W*F mea ! 0-itte do0 5a/1e. ] SCM mea ! !t-ai3ht /i e method. &. I !e-ted by the Compa ie! "Ame dme t# A$t% &988 0.-.e.4. :+<+&98>. :. S1b!tit1ted by 7SR >@'"E#% dated &'+&:+&993. 3. The 0o-d! .othetha tho!e. omitted by Noti4i$atio No. 7SR &(&"E#% dated &+3+&99@. <. S1b!tit1ted by Noti4i$atio No. 7SR >88"E#% dated <+&&+&99<. @. Omitted by Noti4i$atio No. 7SR >88"E#% dated <+ &&+&99<. '. I !e-ted by Noti4i$atio No. 7SR @(("E#% dated &8+ 8+&998. NOTES &. .B1i/di 3!. i $/1de -oad!% b-id3e!% $1/5e-t!% 0e//! a d t1be+0e//!. :. .Fa$to-y b1i/di 3!. doe! ot i $/1de o44i$e!% 3odo0 !% o44i$e-!? a d emp/oyee!? 91a-te-!% -oad!% b-id3e!% $1/5e-t!% 0e//! a d t1be+0e//!. 3. .Speed boat. mea ! a moto- boat d-i5e by a hi3h !peed i te- a/ $omb1!tio e 3i e $apab/e o4 p-ope//i 3 the boat
at a !peed e,$eedi 3 :< Ai/omet-e! pe- ho1- i !ti// 0ate- a d !o de!i3 ed that 0he -1 i 3 at a !peed it 0i// p/a e% i.e.%it! bo0 0i// -i!e 4-om the 0ate-. <. Whe-e% d1-i 3 a y 4i a $ia/ yea-% a y additio ha! bee made to a y a!!et% o- 0he-e a y a!!et ha! bee !o/d% di!$a-ded% demo/i!hed o- de!t-oyed% the dep-e$iatio o !1$h a!!et! !ha// be $a/$1/ated o a p-o -ataba!i! 4-om the date o4 !1$h additio o-% a! the $a!e may be% 1p to the date o 0hi$h !1$h a!!et ha! bee !o/d% di!$a-ded% demo/i!hed o- de!t-oyed. @. The 4o//o0i 3 i 4o-matio !ho1/d a/!o be di!$/o!ed i the a$$o1 t! = "i# dep-e$iatio method! 1!ed 2 a d "ii# dep-e$iatio -ate! o- the 1!e41/ /i5e! o4 the a!!et!% i4 they a-e di44e-e t 4-om the p-i $ipa/ -ate! !pe$i4ied i the S$hed1/e. '. The $a/$1/atio ! o4 the e,t-a dep-e$iatio 4odo1b/e !hi4t 0o-Ai 3 a d 4o- t-ip/e !hi4t 0o-Ai 3 !ha// be made !epa-ate/y i the p-opo-tio 0hi$h the 1mbe- o4 day! 4o- 0hi$h the $o $e- 0o-Aed do1b/e !hi4t o- t-ip/e !hi4t% a! the $a!e may be% bea-! to the o-ma/ 1mbe- o4 0o-Ai 3 day! d1-i 3 the yea-. Fo- thi! p1-po!e% the o-ma/ 1mbe- o4 0o-Ai 3 day! d1-i 3 the yea- !ha// be deemed to be +
"a# i the $a!e o4 a !ea!o a/ 4a$to-y o- $o $e- % the 1mbe- o4 day! o 0hi$h the 4a$to-y o- $o $ea$t1a//y 0o-Aed d1-i 3 the yea- o- &8( day!% 0hi$he5e- i! 3-eate- 2 "b# i a y othe- $a!e% the 1mbe- o4 day! o 0hi$h the 4a$to-y o- $o $e- a$t1a//y 0o-Aed d1-i 3 the yea- o- :<( day!% 0hi$he5e- i! 3-eate-. The e,t-a !hi4t dep-e$iatio !ha// ot be $ha-3ed i -e!pe$t o4 a y item o4 ma$hi e-y o- p/a t 0hi$h ha! bee !pe$i4i$a//y% e,$epted by i !$-iptio o4 the /ette-! .NES*. "mea i 3 . o e,t-a !hi4t dep-e$iatio .# a3ai !t it i !1b+ item! abo5e a d a/!o i -e!pe$t o4 the 4o//o0i 3 item! o4 ma$hi e-y a d p/a t to 0hi$h the 3e e-a/ -ate o4 dep-e$iatio o4 & [&3. 9&) pe- $e t app/ie! + "&# A$$o1 ti 3 ma$hi e!. Pa3e 33& o4 33: ":# Ai-+$o ditio i 3 ma$hi e-y i $/1di 3 -oom ai-+ $o ditio e-!. "3# B1i/di 3 $o t-a$to-?! ma$hi e-y. "<# Ca/$1/ati 3 ma$hi e!. "@# E/e$t-i$a/ ma$hi e-y + !0it$h3ea- a d i !t-1me t!% t-a !4o-me-! a d othe- !tatio a-y p/a t a d 0i-i 3 a d 4itti 3 o4 e/e$t-i$ /i3ht a d 4a i !ta//atio !. "'# 8yd-a1/i$ 0o-A!% pipe/i e! a d !/1i$e!.
"># Co$omoti5e!% -o//i 3 !to$A!% t-am0ay! a d -ai/0ay! 1!ed by $o $e- !% e,$/1di 3 -ai/0ay $o $e- !. "8# Mi e-a/ oi/ $o $e- ! + 4ie/d ope-atio ! = "a# : [BBB) "b# P-ime mo5e-! "$# : [BBB) "d# Sto-a3e ta A! "abo5e 3-o1 d# "e# Pipe/i e! "abo5e 3-o1 d# "4# Iettie! a d d-y do$A! "9# Mi e-a/ oi/ $o $e- ! + 4ie/d ope-atio ! "di!t-ib1tio # + Ae-b!ide p1mp! i $/1di 3 1 de-3-o1 d ta A! a d 4itti 3!. "&(# Mi e-a/ oi/ $o $e- ! + -e4i e-ie! = "a# : [BBB) "b# P-ime mo5e-! "$# : [BBB) 3 ["d# CP7 P/a t) "&&# Mi e! a d 91a--ie! = "a# S1-4a$e a d 1 de-3-o1 d ma$hi e-y "othetha e/e$t-i$a/ ma$hi e-y a d po-tab/e 1 de-3-o1 d ma$hi e-y# "b# 8ead+3ea-!
"$# Rai/! "d# : [BBB) "e# Sha4t! a d i $/i e! "4# T-am0ay! o the !1-4a$e "&:# Neo+po!t 4-a Ai 3 ma$hi e!. "&3# O44i$e ma$hi e-y. "&<# O5e-head $ab/e! a d 0i-e!. "&@# Rai/0ay !idi 3!. "&'# Re4-i3e-atio p/a t $o tai e-!% et$. "othetha -a$A!#. "&># Rope0ay !t-1$t1-e! = "a# T-e!t/e a d !tatio !tee/ 0o-A. "b# *-i5i 3 a d te !io 3ea-i 3. "&8# Sa/t 0o-A! + Re!e-5oi-!% $o de !e-!% !a/t pa !% de/i5e-y $ha e/! a d pie-! i4 $o !t-1$ted o4 ma!o -y% $o $-ete% $eme t% a!pha/t o- !imi/a- mate-ia/! 2 ba-3e! a d 4/oati 3 p/a t 2 pie-!% 91ay! a d ;ettie! 2 a d pipe/i e! 4o- $o 5eyi 3 b-i e i4 $o !t-1$ted o4 ma!o -y% $o $-ete% $eme t% a!pha/t o- !imi/a- mate-ia/!. "&9# S1-3i$a/ i !t-1me t!. ":(# T-am0ay! e/e$t-i$ a d t-am0ay! -1 by i te- a/ $omb1!tio e 3i e! + pe-ma e t+ 0ay = $a-!+ $at-1$A!% $abodie!% e/e$t-i$a/ e91ipme t a d moto-! 2 t-am $a-! i $/1di 3 e 3i e! a d 3ea-!. ":&# Type0-ite-!. "::# Wei3hi 3 ma$hi e!.
":3# Wi-e/e!! appa-at1! a d 3ea-% 0i-e/e!! app/ia $e! a d a$$e!!o-ie!.) ":<# : [BBB) < [>. .Co ti 1o1! p-o$e!! p/a t. mea ! a p/a t 0hi$h i! -e91i-ed a d de!i3 ed to ope-ate :< ho1-! a day. 8. Not0ith!ta di 3 a ythi 3 me tio ed i thi! S$hed1/e% dep-e$iatio o a!!et!% 0ho!e a$t1a/ $o!t doe! ot e,$eed 4i5e tho1!a d -1pee!% !ha// be p-o5ided dep-e$iatio at the -ate o4 h1 d-ed pe- $e t =) @ [P-o5ided that 0he-e the a33-e3ate a$t1a/ $o!t o4 i di5id1a/ item! o4 p/a t a d ma$hi e-y $o!ti 3 R!. @%((( o- /e!! $o !tit1te! mo-e tha &( pe- $e t o4 the tota/ a$t1a/ $o!t o4 p/a t a d ma$hi e-y% -ate! o4 dep-e$iatio app/i$ab/e to !1$h item! !ha// be the -ate! a! !pe$i4ied i Item II o4 the S$hed1/e.) &. S1b!tit1ted 4o- .&@. by 7SR >@'"E#% dated &'+&:+ &993. :. Omitted by 7SR >@'"E#% dated &'+&:+&993. 3. I !e-ted by 7SR <&'"E#% dated &<+@+&993. <. I !e-ted by 7SR >@'"E#% dated &'+&:+&993. @. I !e-ted by Noti4i$atio No. 7SR &(&"E#% dated &+3+ &99@.
& [SC8E*DCE KF [See !e$tio &(8B":#"b#) &. A-m! a d amm1 itio a d a//ied item! o4 de4e $e e91ipme t% de4e $e ai-$-a4t! a d 0a-!hip!. :. Atomi$ e e-3y. Pa3e 33: o4 33: 3. to ' : [) >. Mi e-a/! !pe$i4ied i the S$hed1/e to the Atomi$ E e-3y "Co t-o/ o4 P-od1$tio a d D!e# O-de-% &9@3. 8. Rai/0ay t-a !po-t.) &. I !e-ted by the MRTP "Ame dme t# A$t% &99&% 0.e.4. :>+9+&99&. :. Omitted by Noti4i$atio No. 7SR '8'"E# dated :&+9+ :((&. P-io- to omi!!io S.No. 3% <% @% ' !tood a! 1 de= 3. Coa/ a d /i3 ite. <. Mi e-a/ oi/! @. Mi i 3 o4 i-o o-e% ma 3a e!e o-e% $h-ome o-e% 3yp!1m% !1/ph1-% 3o/d a d diamo d. '. Mi i 3 o4 $oppe-% /ead% Ji $% ti % mo/ybde 1m a d 0o/4-am. *i!$/aime- = *1e $a-e ha! bee taAe 4o- maAi 3 thi! di3iti!ed $ompi/atio o4 the A$t "ba!ed o 5a-io1! Ci-$1/a-L oti4i$atio ! i!!1ed by the 7o5e- me t 4-om time
to time # 4o- -e4e-e $eLa$ademi$ a y $/a-i4i$atio the o-i3i a/ !o1-$e be -e4e--ed.
p1-po!e o /y. Fo-

Companies Act 1956

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Companies Act 1956

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SECTION 389. POWER FOR COMPANIES TO REFER MATTERS TO ARBITRATION [Omitted by the Compa ie!

PART FII = WIN*IN7 DP

:((: "0.e.4. a date yet to be !e$tio '<3"3#.

oti4ied#. B A/!o -e4e-

COMPANIES ACT% &9@' [A$t No. & OF &9@')

PART K= WIN*IN7 COMPANIES

PART KII= RE7ISTRATION OFFICERS AN* FEES

':(C. SPECIAC PROFISIONS AS TO COMPANIES IN IAMMD AN* 6AS8MIR

:............................ 3............................ Si3 at1-e"!# &............................ :............................ 3............................

Spe$ime Si3 at1-e"!# o4 T-a !4e-e!"!# &..................... :..................... 3.....................

To Co--e!po di 3 Ce-ti4i$ate No!

*ate........day o4.........&9.... !i3 at1-e! K.G. o4 ........... TABCE C

Wit e!! o4 the abo5e

t e!! to the COMPANG A S8ARE

Pa3e :89 o4 33:

Rate o4 the $ommi!!io

E!timated amo1 t o4 p-e/imi a-y R!. .................................................

&@ &' &> &8 :( :& :: :3 :< @: @3 @< @@ @' @> @8 @9

BSC8E*DCE FIII [See !e$tio ! 3<> a d 3>9)

to time # 4o- -e4e-e $eLa$ademi$ a y $/a-i4i$atio the o-i3i a/ !o1-$e be -e4e--ed.

p1-po!e o /y. Fo-

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