Renting and Company

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  • Topic: Renting, Money, Carry On films
  • Pages : 14 (4630 words )
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  • Published : November 20, 2012
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THE COMPANIES ACT, 1956 (COMPANY LIMITED BY SHARES)

MEMORANDUM OF ASSOCIATION OF
K M RESIDENCY PRIVATE LIMITED

I. The name of the Company is K M RESIDENCY PRIVATE LIMITED

II. The Registered Office of the Company will be situated in the State of Rajasthan

Ill. The objects for which the Company is established are:-

(A) THE MAIN OBJECTS TO BE PURSUED BY THE COMPANY ON ITS INCORPORATION ARE:

1. To carry on the business as promoters, dealers, owners, investors, developers, agents, brokers of land, building, estates or any other structural or work of any kind whatsoever, whether rural, urban, residential, commercial or industrial and to acquire, purchase, take on lease or in exchange, hire or by any other means obtain ownership of and/or options over any freehold or other property of any tenure, state or interest or any rights, privileges or easements over or in respect of any property, land and building, to improve, alter, furnish, construct, promote, develop, finance or subsidize the same and to dispose of or maintain, assist in sale of the same, to build townships, buildings, residential, Colonies, factories, industries, warehouses, shops, cultural, sports or recreational commercialcomplexes, shopping malls including restaurants and hotels, markets or conveniences thereon or to equip the same or any part thereof with all or any amenities or conveniences, drainage, sanitation, facility, electricity, air-conditioning, internet, water, telephone and television installation and to deal with the same in any manner whatsoever, and to build, take on lease, and/or rent, purchase or acquire in any manner whatsoever any apartment, houses, flats, rooms, floors or other accommodation and to let or dispose of the on installment basis, hire purchase basis, deferred payment basis or by outright sale whether by private treaty or by public auction or in any other mode of disposition all or any integral part thereof.

(B) THE OBJECTS INCIDENTAL OR ANCILLARY TO THE attainment of the main objects are: 1. To employ or enter into agreement with manger, engineers, accountants, mechanics masons, carpenters, cutters, welders, builders, repairers, painters, electricians, scaffold, sellers laborers and other persons for the objects of the company. 2. To purchase or otherwise acquire and undertake the whole or any part of the business property and assets, liabilities of persons or company carrying on any business similar to the main objects of the company and which the company is authorized to carry on. 3. To invest any surplus money not immediately required by the company in such investments other then shares or stock in this company as may be thought proper and to hold or sell such investments. 4. To purchase or otherwise acquire any patents, patent-rights, secret processes inventions concessions, licenses, right and privileges and the like, conferring and exclusive of non­ exclusive or limited right to use, any secret or other information as to any invention which may seem capable to being used for any of the purposes of the company or the acquisition of which may seem calculated directly or indirectly to benefit the company and use, exercise, develop or grant, licenses, in respect of or otherwise tum to account the property, rights of information so acquired. 5. Subject to the Provision of Section 58 A of the Companies Act, 1956 and the rules framed there under the directions issued by the Reserve Bank of India from time to time as may be applicable to borrow or raise or secure the payment of the money in such manner as the Company may think fit and in particular by the issue of bonds, debentures or debenture­ stock, perpetual or otherwise, whether constituting a charge upon all or any parts of the Company's property, both present and future, including its uncalled capital or without constituting a charge as aforesaid and to receive money on deposit, on interest or otherwise, and to lend, advance...
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