Privacy Policy

Our objectives are implemented to cover the whole of India.

The profits, if any, or other income and property of the company, whensoever’s derived, shall be applied, solely for the promotion of its objects as set forth in this memorandum.No portion of the profits, other income or property aforesaid shall be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise by way of profit, to persons who, at any time are, or have been, members of the company or to any one or more of them or to any persons claiming through any one or more of them. No remuneration or other benefit in money or money’s worth shall be given by the company to any of its members, whether officers or members of the company or not, except payment of out-of-pocket expenses, reasonable and proper interest on money loan, or reasonable and proper rent on premises let to the company. Prudent remuneration to any of its officers or servants (not being members) or to any other person (not being member), in return for any services actually rendered to the company .Nothing in the foregoing clauses shall prevent the Company from paying in good faith a discretionary remuneration to any of its members for any services (not being services of a kind to be performed by a member). , actually given to the company.

  • No alteration shall be made to this memorandum of association or to the articles of association of the company which are for the time being in force, unless the alteration has been previously submitted to and approved by the Registrar.
  • The liability of the members is limited.
  • The share capital of the company will consist of Rs.100,000/- (Rupees One Lac Only) divided into 10000 shares of Rs. 10/- each
  • True accounts shall be kept of all sums of money received and expended by the company and the matters in respect of which such receipts and expenditure take place, and of the property, credits and liabilities of the company; and, subject to any reasonable restrictions as to the time and manner of inspecting the same that may be imposed in accordance with the regulations of the company for the time being in force, the accounts shall be Open to the inspection of the members. Once at least in every year, the accounts of the company shall be examined and the correctness of the balance-sheet and the income and expenditure account ascertained by one or more properly qualified auditor or auditors.
  • If upon a winding up or dissolution of the company, there remains, after the satisfaction of all the debts and liabilities, any property whatsoever, the same shall not be distributed amongst the members of the company but shall be given or transferred to such other company having objects similar to the objects of this company, subject to such conditions as the Tribunal may impose, or may be sold and proceeds thereof credited to the Rehabilitation and Insolvency Fund formed under section 269 of the Act.
  • The Company can be amalgamated only with another company registered Under section 8 of the Act and having similar objects.