The Companies Aot, 1956

(Company Linited By Shd€s)

Anicle ofAssciation
of
DUNWELL SECURITIES PRIVATE LIMITED
PRELIMINARY
t. Subj€ct to rh. prcvisioN h@inans, r€8 aijo6 conraioed in Tabl. A of Sch.dul. I
to dE CrnFnid Ac! 1956 shall apply lo the Compdy

INTERPRETANON
(l)
(a) TIF Ac! ne@ ihc Compmics Ac! 1956 a mmded fron rine to iih€_
(b) Tne Sal mems Lhe CoMon sl
or Lhe Conpsny,
(2) Ude$ lhe @nrexr olheMjse RqLr. *ordr or expRsioB @nraned in dck
EguladoN shrll bee the se
dedirg G rhe Act or tuy Sbrtory modincdor
'n

PRIVATE COMPANY
TlE Conpary is a hvat Limird Company vithin the mmine of S€cliot(35) ad
IlrnrolLheComMisAcL lc56 stuch haahinihMpaidipcapit lof One Lnc
Rupees or quch hish€r pdd up cspibt d dal be pr.*dh.d ;d ;co;iaer,
{a) I ihi6$enqbaof iblrmb.Rb r'ftyrclimtudne:
l Pelv3 who ein rhe ehptotmot otrh. @hpo).
ii) Pebons wlD havins bcing foddy in llF mpbFat of th€
compo!). wmmbcr ol$e compey. *rite in Lh..nplorarflr d
h,ve @odnued ro be memb.ts dRtr Lhe mdoymmt c@; pNvided
rhal whm Mo o! noE p.eb hotd orc o, mft sheersr in;omran)
jointly, thet shalt for itre prqEe of thjs defnition be ued€!
4;
single mmb€r
(b) PohibiLs my inviiation ro th€ public ro subsib. to. ey sh@ iA or
.Lbotur of rhc cmpdy.
(c) R6Eids tne .idt b rznsf4 i6 shes in th€ II]@.r hftiMn . povid€rt.
ldl Prchibirs my intil,rion or .ccePh4 of &posiE noD pc@6 oLhq Lh& rl5
memb.a. diffi^.r rh.ir Eh vx
AHARE CAPITAL
nie Aulhoriad Shm Capiid shall be sh s nenrion d in th€ claB V of rh.
Memobdum ot Asecdtior or rhe Conpany dd $. se sh.lt b€ in@.d or
d.cFaed. divided or sub-diqded in tuh shft 6 menrion.d in ctsN V of the
MenomdM ofAssaiaiiod.
5. IlE sb@ shd! b. uder dr.6ni.rt of lh. DirecloB who may alloi or olhesjse
disFe of 1he se to seh p.Mtu on tuh ttu N the DidtoB My llink tit dd
b siv. dy peME ey shmc wh.$er al tE or d a l)lmm ad for trh
@nsidedion s Lhe DiFchR m:v ihinr trr

r!---
6 Tfi. DidroB dv sh,Fs in th< epiEl ot lh' 6mp€rv a DqF nl or
tltot ed ics
- p-p.n'. 8o.& or m(hftry ePPlied or $ld or frnsfercd or
i"l
o"tr-p"y.- r..
fd 3dic4 ddered b lh. .omPeY,
@nre".*uot".,****drybtheB'ardor'*ros$e
1, ffi ffi {I*ffi ffi
t'i r"r nmc o{ the propo*d nsr@ &d d' B@d
ed rhe
'i.i,J"i.r'*r '*,j ihe shds ofier€d at the fan vdu' ed if thc offd is
ii'-* .irii t" tl" i,r- .u'"r.td
**JJ,r; rr'* .r'at t *.d.nEd o th. aceptoF sd 'r rorheth.sh'rs or sv of then
$' m'mbeE
*i.r * uorca *:uin o* oodr! fr$m rhc dale of mtjce bc Bodd
r-lt"t tUt ,ite wirhin t*o nonths ttu lds d lib€o slbjd
^*l*
i"i"r-i *o o r"-t. "r -v
*it -d tusfd Lh. rhss ro s' peMD d the s' 'o
or ai tn'

r. ,ur be nad. or Egised qtlDur rbe pRio6 sdioD old'

- ir'i't'ive or
"r'm
b* o".a *t * ,t. **fr is nad; bv s) m.mbtr or th. ( oBp€rv ro uoth(
;b.r tr !o ;mber 3 wir. or child or childr.n or his hei's tnd th' D'EbE nt)
(l.cri* to gU *rt *"i- *ilhout Nsigning &v llsn snbj4t to scdon lll of thc

q. Ilrc Uutcor rov rtus ro Egit.r e' tusfdolshes (1, wbft d' ConFnv ha a
lid on th. sh@ d (2) whcE lhe shm is nol a inlv poid up shffi
I o i"' o. d'. aoo ot ..tt- rhe swird or s@ivor $hee th. hmb€r sap'en
jorn' holdd
ad l$ hsat Eptt*DEti( s'ic he w a sle holdd shall b€ d' onlv
" elisbl'
for lh. tr&si$ion of $ch sh8e.
Or rr. Commrv st'utt lru liabilit) or GpoNibilitv $l!rl.vd in @nsqlme !l is
*
i"i*l*.i a'1no ,o *v trasGr olsh6 mad. purponx4 o' apF nnB in $'
"r*G
R.-sic ;f M;bc; to th€ pd;ie of p.mu hlqns or claidsg er cqu'bble nshl
iIl. tr intft$ in thc se.

#ffi,t*,l Amual cdc6l Meri.s sh.ll be calted qd!'rdin,

"*'** "-
12- ;rr The Bo.d ;v. *'h.ider sll d Exra frimr) Gd€r'l Me'ing
n rhinL! fii-
ir" rr r -r rl-. i[ev n nor lndi4 DiffoB @poble of actirE wno @ dfici€nl
io ro- ir,ru. ol Ditur or m' tqt denb.6 or trE cobPsnv mv eI
in
"ifiin
"-ue
u qrnoAinary gcnml ne*ing b the s. mmd d nerlv s posiblc 6 lhai in
"
which a ocring my b€ c.lled by $€ Board

W. PROCEEDINGS Af GENERAL MEEIINGS

ii-Ei;;G;h* b' -v D-iiqons oMincd 'n rh. codpdrd {cr' lqr6 dc
;brnedv @licabh io this aompev rcrice fot a longEr Friod E rcquiFd ar l'd
**i' a.* ior* "ooitinr,t'. plae. Lhe drv dd hou oI $' smdl bodvtheDetls 'nd
i; c4 ;r sp.cirt ;^ii;s ;n* or uur buircs shdl b' sivm bd Mdmlll
.ii.tioo r. *i". no,i* ro - 'i.,t" no! of noda bv e pmn or pcFoN lo * hon ir
'wid
n sholl nol in volidtt Lbc pE..dinss d lh. Getrdl V'eting Hower' m
'ivd tl!l..or sut *,.quird to be mq.d to de noric' convding Gmenl
-,ir-*.oi sr'*mra* i. * $ft k no sFkl bsims on th' asetrd! $ g o
i'll[" unde
Selion l7l ofthe Act.

)o\
r
 14, (i)
No bsin s shall be tresred at @y g.nedt m.liing ur 6s a qrcm ofnElbcF
pEpnr rr rh. rine when fie m<erine pGeds b buimj
is
(ii) Tm mininm mmh.6 !r6e h p€mn shall b€ a qu{)m.
15- If d dy nering no Di@lor is wilinS to acl s Chajmm or if no Diqi.. is prcst
within 15 ninut s .i* the .ppoinled &r hotding th€ m*ting, tbe nob6 lltgr
shdt
ch@e o& lhcir ndhss b b. Ch.jmd of6e m@ting,
16. (i) Ite Chaimd @y with th. conFnl of oy n .iing d *nich a quoM is pllMt dd
shall if e diF{t d by the nmb€6, ldjou rlF hcelin& ftom tin€ b rirc and liom

(ii) No bsine$ shall b.lransacied ar oy adjohed meering otlEr lhe lh. bsin6s left
uffrhhcd at rhe De€rir8 Aom which th€ adjowmt 1@k plu..
(iiDwlEn a meains is adjowed fo' rhjriy dlrs o. not. nolice ofthe adjou€d mcdng
shall be givs s in th. c4 of e ongiral meeling.
(iv) ssv€ a .for.sid, n shdl mt b. nesdy lo sive my mice of e adjollmdr or of
th. bcin.s to be t!l@r!{t at rhe adjoumed n elilg,
17, Io lh€ c@ of s .qu.liiy of voks, shelhd on show of h,nds or otr a polt, llF .ha,Irm
ofthr me€ting ai B,licfi rhe show ofbndr kld plre o. at which dr. pot b dcddd.d,
slEll b. orided to a s@d or rciing vo!e,
lE. Aiy buin* olha rho ihat upotr which a poll has b€o d@aded my b. poe.ded
wilh Fnding the kling ofthe pol!,

w. olE&IgEs
19. nE nMbd of DiFcloB stall nol b. lds tne r$o &rd &t m@ l[& twniy in luding
th. M@ging Dieror and . DiEtor need mi be a shenoud.
20. Tte Fi6r DiEroB ofth€ Crhp.ny sb,ll be:
i. ARCIINA GUYTA
2. ALXAJAIN
I. NEETUJAIN
21. nE Board of Dielor shal b!v. rh. po*r b fill ey 6ud vrc@y on thc Bo6rd 6d !
DiFror s.Npinted shstl hotd ofije uril corclcid of the nqt Adu.l coeal
22. Tn€ B@rd of DiBt6 shdl h.re po}q sr ey ine srd fioo tine to d@ appoinr &y
othd peMn lo b. Addiional DiEclo{9. Such Additioml Dir.cto(9 Cdl noid o6e ro
rhe n xt follNiDg eul g.ncnl needne sbj.ct to S€.tion 260 oflle Act.
23. fte B@rd ofDndiob Meting shall b€ peided ovr by Chaim.l@&d fon rin lo

24. The r&eeid 66l Dielo6 shall nol be liabt. ro Elirc by oiaion. The Coopey in
CocEl Me$ns may arpoini ey p€Mtr s Di@ro(t sd previded th.r $ch ti@br
or Di@to6 shall mr be liable b r€tiE by bration,
25. Th. Boad of Dieto6 may, Aom dn. io tim, lppoinr onc or norc rhcir body ro he tne
Mdasj4 Dirccto(s) ofrhc 6Dpmy. A Didtor n4! not hold sy qu4tifi@tioD sh4s,
26. Subje.t ro lne !rcvisiom of rh. Conpdi6 A.t, t956 ilE DiEto6 my, toD rine ro
tin , diret dy sM of norey d roy b. ihoughr ft to h€ paid 6 ed by way of
Emu€r.tion lo th.n or oe or noE of thd. nE DnEro(t sh.lt al$ b€ otilted to
Meiv€ all rJav.ljog &d horet dF@s incmd by lhm in or about ll. p.fol)m.e of
then duties 6 Dieros iellding fien .xFts to !n nd B@rd Metilgs_ Th.

\
 Dids' shdl be @id a fa of mt dm tna RuFs 5oortRupee Fnc Hudrdl lot
.8h n*tn! of 0t B@rd or SutsComitLe. iheml lhe Boud of Di'ecto6
'd.idino
My wi'vc paFfll ;f sidine fc b rhe Di!.flolrsr bv pd3iig s @lution dd mav
simildlv 61oe sucb Ev64t.
2?. Subi*l'to rhc pmvi;oN ol Sc.dotr ll] of lhe ComFdi's Ac( 1916 lhe Boad of
oficm mv "pp.inr AlkmE Dituds] udd rhe ci(ulIlfues d duing $'
Friod md $bj@l lo thc previsi@s of 0Et diion
28- ilc DiElob_my appoint d Dir€.tor ev peMn nomimled bv
the bttks or oth€r
rl@e @mddo;F roEiEt indiruroN iD pm@e or e) fiMc'al llrosm'ni or
;
aL eotcrd bb wi(h th€8 S!.h DiFcroB ale necd rd hold mav
"scimor
29. aubid lo lh. cmpii&e ot S.crion I 14 or thc Comp@.s Acr lgto il sv Ditlsr
b.i;e willin& slEli b. elted upon ro Frfom drra * icd or ro nalc mv spq'al
excrion u 6inc or €iains cl3sheE $teths tn hdia or aboad or orheju. tor d) ol
fr
co.o-r slall muenrc suct Dircror e doing dths b) a
o'.
"um.i oit"
n*ir q wrorasio p-ft o, otuissior or oth.eise s rov be .lftmrD'd b)
"in
rh. DiRbB ;d such ;nwdion Mv be eirh* ,n addition !o d in $b$iMion or his
"
ml[@d@ alEv. prcvided.
Jo. subi.cr to $e s<d;n 29? & 2ao oa he Act. no Ditror shall b. disq@li6.d tom his
ofie; bv cotudn! with lhe comDtny cilhq s v.ndd. pmh*t or olhwise nor shall
*" *il -r* ot*c**t.t .rcd inlo bv or on b.hala of $. coDFnv in thrch
,N D'RM shdl be comded or inlE ed b. .rod€d not shdl &v dit!fu' so
@;t&d4 d b.ins s @nm€d or inlcrcsr.d b.lilble to ac@ur b t[c comPanv foi
-' mr; Rdized b\ et suh conMcr or artug.mor bv Een of wch Drc'oF
hojdid osi ome or l\e 6dmisr' rlatim rheE b) €sbl'shed bd Lhc ntn@ or itrkE:r
t
due di*lo*d b him !l th. meetins of in. Dido6 ar stich tbe @nhcr tr
!mg@.r'r of dE inic6t. But ilcs. pmYisions shall noi aPplv to tuv @ntEcr bv or on-
behdi of l[. oopsdy 10 giv. to the DiHloE or ev of then ev ecuitv bv wv of
indditt or aeiiln dy lo$, which ln.y or snv of fid mav sufrcr bv lEen of
b.coni; bcinc aeti6 for tie conD6nv A sctr.El nolic thd DG!oF h a
d !
mmb-;r &yt*ifi.d fim or compdy dd is b be esar& N inrftned in tu)
."bHMr Einslclions vilh $h fitrr or C@pd, shlll be Rgsds sv such
meitioN be sufficiol disclGc udd lhs Ani.l. d aner suh gd.El rct'e
rldl @l h€ ndesary lo sive my sp€cial notie ElaiinS 10 tuv paniona tesions
with sh fim or ComP€nY-
31. The Bdrd of Di@ro6 6ay, subidt lo th. pbvisioG of the ConPei€s Aci, 1956
dcle8ale my of lhe po*eB to ! coonitEe 6cisti4 of such menb€rs of ln€n body s
Lheydm fii and nay tom rime to dn., Pole srh delegarion Anv Crmifia e
foncd sbntl q€Eir olthe poffi o d.1.8!bd, onnm b sv Egubrios $at tuv
'n
be impG€d on th.m by the Board of Dn€c16.
12. Th. mclilg ed ilt€ pffidinCs of my such @noill* coffisdng of t*o or not
DrdbeB !h.ll b. gotem.d by the previsiotu h@in @ntair.d for rcgurdin8 $e
ndin6 ed Dl1@diM of lhe DilfuG e fd s th€ smc N .tplisble heeto rd
m misupcnraea uy ajry rceutatio Mde bv rhe D'l€ft untler $. lsr pceedroe
(a) 'nrc Di61or may, by Nlurion of tne Board of DiE 16 autboriz.d suct 6 th.y
llirl ft ro d 6 its FpEstativ. at dy neeling of dy other Codpany,eME
of *hich lh;
Compmy t a n€nb€r.
(t) nrc pqen althoriz€d by tb. e$lutioN s a.foEeid sh,ll be dnirl€d 10 q€eise lhe
@. ridts &rd IDws inchdiry th. ridi to lole by pDxy or behrlf of rhe bo.ty
.orpode wnjch thc rprcsts 4 ihc Board @dd d@is_
IX. PROCEEDr'NGS OF fHE D,RECrORS
13. DirecloB my net toselhq fo. the distalch of bsin6s, adjoin ed olh@ise Egulal€
lhen neelings o rbey thilk fft md detemine the qnom ncsrary for irE r-derio. ol
bNirs &d th. plae &d nm* in which dE meti.g sbdl b€ crlle<t, Ud* oth. ie
delmined two diretoE or ooe thint of rh€ quom aftt qudoG disitrg at dy neding
shall be.lecided by the najority ofvotes, tn.e of€quality ofv.,r6 r!€ Chaii@ slEr
hwe a *@nd or cdling vole,
34. A Dir@tor mqy and on the req@sl of DiEclor or Ur Sarctlry shall al &y time silmon
a ftetins ofDire.to6. A DiEclor who b not in India shatl nor be dtitled to. nolie of
heding ofDiEctos.
15. A E$lution ir wirilg by de mjo.ity of DiEtor snal be $ etr div. for aI Dupo*s s
! E$lntion pos*d st m.elirg of th. Diraton duly @nven€<t held ard co$ri .d
subject b s4tion 289 ofthc Acr.

X I'OIIYER OF fHE I)RECIORS

36. (D ft. pos6 dd Espodibiliriq ofthc Di@ioG ofthe Compay shal be s lsjd dom
in thc Cdpdics Ac! 1956 dd in Tsble A' themf €xcepr in e for s rhey nodified by
the pwisioE ofd.e Anicl6.
(ii) Ary o.c ofthe DiEto6 is nnly au$oriu d to sign, &ed tud executc Co,r. Tend€6,
AgEdqns & C4 racb whch will frm ets & tialiliry of Compdi* into.

X. NANACEMENT
37. Subjel io the prcvisioN of ihe Ac! th€ @e.nor ed super intm<ta&e of lhe atraiB
of &c ConFny, $bje.t lo rhe ovedll cortrtrl of the D.ad of Direio^. sh,I b. vai.i
in dr nfusils Dierors{sr or ey olhtr Di.edor upoo srch tems rnd;ondnioN s ihe
Board lhi.k fit eiihd for fix€d and/ or ome. Ihe Ba.d fron dn
ro iihc Gubj€t b
lhc provisim of dy ontoct entced inlo b.tvq hin ed th. C@r@y) move sucn
Maolgi4 Di@tor or whole dm€ DiElor dd lppoili sothd in hj! ple. Tne
MeagiIg or etDlc dh€ Disto(s) shaU not rdiE by oraiion rniL holding thai otfice
ed shall noi be ekon d d Dirftro{t for .t rcminine trE mration of etiMenr of
Di@lor or i! 6xirg lh. nMb€r of DirtoB io .die.
18. Subj€t 10 setio. I97-A, of rh€ Ac! rhe Disto6 nsy nom tioe b dm. appoinr
Chairra4 Mdrging DiEroa whole iim. Di@lor, CEn dl M@gd, S@@tary, Btuch
N.l&agd, Atiom€y, Asent or ey o1h6 olfici!ft N 1h. ce may be md v.sr ay ofde
pows althoriries md di@1ion for rhe tihe being rcsted tu lhe Dirccto6 dd duly $ch
alpointhdt or &L8ario. my b€ Mde on such rei6 od ondirions ituluditrg pow6
ro sub-d.l.gare s the DiRro6 my rhinl fit dd the Diret6 roy al ey riDe unlss
Fovid.d Fvoke or dend sEh deleg.icd au$odty. powr or discrior
,xt. accouttfs
I6ii-rr* s",'d shall f.o. ri.c ro rime dercmiD. $h.rher md to whar drdl dd !t wh.i
rim.r an l da6 ed udd w|dl @ndilions ot rsrlations all book ol tnt Cmp ) or
ov of rbd thsll be oFtr for lhe insletion of mdbes @t b.ing D'dou
12) m nmbeb (mt b.in8 a Drecrm) shall h6v. dv dBhB of acN b ev rour'l or
d@lltMt3 of rhe cohpay h sendal ffiring

,10- The Dis'loB sh.ll csue prcFr booke ofa€@uts 1o be l@!1 in *hich sttl bc dt@d
alt sum olnoney eei\€d dd crFnded by lhe Comp6nv and tult. true d @rplc
*6ml of atraiG dd MscdoB ol th. Compm) ed of i6 ss dd liabilitiB The
b@16 of e6ut shall b. t€pt 41lh. egistercd oma or at sncn o$er
pla6 6 the

xlll.sEcRECY
r*ce. tudib. rutc, mmb€r of s omjn* olfi6 ssl !8fl1
*.,i nnt -.o* po-n, *ploy.d in the buiBs ol th€ compdv slull of'f$sev
EquiEd
by rhe Bodd of Dnetos b.f@ €nteing uPon his duti6 shall ole lhe @lh

NV, BORROII/,NG I,oI/ERS

:t:fro_t,*liiEll t*. rh. Dows, rios rinc ro rim. &d ar rhes d$diotr !o boms
ni$ d sw the paynot of my s6 oI noftv fd th. PUrPose ofrbe CobFnv in $ch
m* ara upon sucrr tems od @nditios d all rc4.€1s s lhev tntl fil ed io
Mic'ne bv d). of<leb.nnRs or bondq or Lbe Compdv or bv nongtge. charS€d
ilsk
uron sll oioy of $e PmFnis of the @npanv boLh pE*trl ind nnR itrluding ii"
ucdled c.piLl for th. ine b.iry.
41. Anv debflrur 31o.k bon.ls or olhd seditis mv be isued at ! dis@wl' PEbiM ot
dn;e dd with sFcial prkil.g6 s 10 sd@Fior! sNndr, drwing' atrnding ed
voring !r g*dl neli.8 ofdre conPey, .ppointm.nl oI diFctos dd othwise

ru OPEUNON OF AANK ACCOUNTS

iilEE -rr'-i^a ro U th. lmldion or ln. Board of DiEtuB shall h,ve tt Po*er
"ttr
r" oln Uor, acous. siqn che{u6 on bddr ol the comp v 4d to op'Bk all
tn tiinn *um. or co.p-v .nd b R*Ne paFerts. tDk adolgrnls dra"
'r'"
dd &;pr neeoliabl. tNEm.nls. hudier bills ot Mv surbori/td ev oLhd peMN lo
ddie such pow6.
XVI. INDEMNITY
Ui*r roDNi"ionr or S{tion 210 of d. AcL the Chdmd. Dnedo^ Mmsin8
DiEto6 &; olhd omce6 for Lh. tine beine or lhe C.mp€lv and u) ErEted lor $e
i@ b.ing &dng in Ehring to my of 1he .trd6 of the Conpmv ed lhen exeutoE
shall bc i;d€mincd oul of lhe ers dd tun& of th. conpdv liom or asritn all
@.fid€nii.l strils, PM€.di.8s, @ns, chtrg6. loses" dantS.s ed dpds rdi.h thcv
or mr or$d shail or @v,Nu o' s6raD bv Edotr of sJ sd done or onmircd in ot
xrb; ihc .xmlion ot $en dudes in rhen erDccriv. omcs exell doe dore ihrcu8!
rh.n wilnn negl€ct or d.faul. Any $ch o6e d ms1. s shal! not be msx@ble for
acts. onisios, rcslers ol dy otkr offie or Euste.

6 s-\
)'''.-
46,(l) If lhe ompsly shall be wound np th. liqlid.ror nay, wift ln. scijon of . s!€.ial
r$lution of inc .onptuy ed orh* satutior Equir.d by ln. Ac! divide monest
nmb.a in sFci* or ldd, ihc whoL or ey p.rr of the asls of lI€ omp@y, *he1hd
dn y corei$ ofprep€rty ofthe M€ tind or !oi.
(2) For th. purFs afoHid, $e liquidaror my s.r s@h valE s the dms fair upon
Dy preF ry lo b. divid.d 6 afo@i4 my ddmim how sh divisioN shalt be
.eicd out s b€t*@ th€ nmb€E d ditTeml cls6 of Dmb€6,
(3) Ine lquidaror my with lik€ sclion, vesr fie Nhol. or ey pan of $ch lsts in
trBrc upon such 1lBrl fd ile be.efil oIth. m.i.ibltons s lhe liquittdor shal thint
fil but e tha no mebbe shall b€ @npell.d (o deF ey snNs or otbd suiti6
Nhft lner is dy liability.
47. Ev€ry o,fier or asol for th. time being of th€ cmpdy slEll be in<temjfi€d our of lhe
,sts of th€ onp.ny agaist tuy liability incwd by him in d.f€ndins ey poedines.
wh€rhd civil or criniDl in which judenc.t is siva in his favou or in wfich be is
acquilt d o. b comelior wilh my application uder Scclior 633 in which rlief is
smlcd io hin by lhe court,
)OIII. THE SEAL.
48. ( l) nD Board slEll pmvide fo. ilF safe culody oflhe SeEl ofd. Conpey_
(2) Ibc sel shdl not be .ftxed on ey instrMent exepl by rhe autlbdty of a reetutiot
oftb. Board or of a comjn€e ol rhc Bodd audo.ized by it in th.t behalf dd qcepr in
lhe p@ncc of at l41me dir.ctor who shall sisn cvery icEm.nl b wnich ilc Ft of
lne Conpany is so afrxcd ih his pr6ence. llr shm errifiqtc wi[, How€vd be signed
ard saled in &6rddce wii! Rules of rhe conpmies (Issue of Sha cenifie& RiLs.
1960).

xtx. auar.
49. Anditob shall be lppoinlc<l and their poreu and duri6 wil be rcgutated ir .@d.G
wilh th€ pmvisioN of Se.tion 224 lo 233 of ih. Compdjes Act, 1956 both jncl6iv. or
y sr.ruiory nodification rh€Eof for the i'nc beitrg in force, First Audirm ol ihe
Comp€ny shdl be appoint d by rhe Board of DirccloB wjthitr one Donth ofrh€ dal€ of
Fgisblon ofGnpany ed ttc audilos s appoini.d slsll hotd ofiie till 0E €onclBion
of far Gwnl Meting.

w. ISGELLANEOItS.
50. Tb€ Conpey in G.rcral Mering shall hwe powcr to atler or add thc anicles subj.ct of
cous to rhe rcstridioN inpoed by the Comp.niq Aci, 1956 or ey $.rutory
 Nroq Addrcs., D€c.iptio4
ocop.rioN ot,ittr46
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