To provide necessary data pertaining to the information affecting the trade and commerce and to propagate realistic point of view amongst the public, local bodies, Government Authorities or Institutions, Parliament, or the State Legislative Assemblies or any public body for facilitating, conferring with and ascertaining views of the persons connected with the aforementioned faculties.

To consider questions connected with the members and to ascertain views of those engaged in the same directly or indirectly.

To establish, subsidise, promote, co-operate with or become a member of any union, act as or appoint trustees, or delegates for the control, management, superintendence of, lend monetary assistance to or otherwise assist any associations and institutions, incorporated or not incorporated with objects altogether or in part similar to those of the Company.

To purchase, take on lease or in exchange, hire or otherwise acquire any immovable or movable property and any right or privileges which the association may think necessary or convenient for the purposes of its objects and in particular any land, buildings, easements, machinery or plant; and either to retain any property so acquired or to turn the same to account as may seem expedient.

To construct, improve, maintain, develop, work, manage, carry out or control any buildings and conveniences which may seem calculated directly or indirectly, to advance the Company’s main objects and to contribute to subsidise or otherwise assist or take part in the construction, improvement, maintenance, development, working, management, carrying out or control thereof.

To sell, exchange, lease; grant licenses, easements and other rights over and to improve, manage, develop, mortgage, turn to account or in any other manner deal with or dispose of the undertaking, property, assets, rights and effects of the association, or any part thereof, for such consideration as the Company may think fit, and in particular for shares, debentures or securities of any Company.

To enter into any arrangement with any Government or authority, supreme, municipal, local or otherwise, or any person or company that seems conducive to the Company’s objects or any of them and to obtain from any such Government, authority, person or company any rights, privileges, charters, contracts, licenses and concessions which the Company may think desirable to obtain and to carry out, exercise, and comply therewith either itself or through its members.

To apply for, promote and obtain any act, charter, privilege, concession, license, authorization, of any Government, State or Municipal provisional order or license of any authority for enabling the Company to carry out its objects into effect or for extending any of powers of the Company, or for effect any modification of the Company’s constitution, or for any other purpose which may seem expedient and to oppose any proceedings or applications which may seem calculated directly or indirectly to prejudice the interest of the Company or its members.

To make representations on behalf of the members of the Company and to establish liaison with the Government of India, State Government, local or public authorities, research and financial institutions and other bodies or associations in connection with promotion of the objects of the Company.

To make donations to such persons or institutions and in such cases and either of cash or otherwise as may be thought directly or indirectly conducive to any of the Company’s objects or otherwise expedient and to establish and support or aid in the establishment and support of associations, institutions, funds, trusts and conveniences for the benefit of the employees or ex-employees of the Company or its predecessors or person having dealings with the Company or the dependents, relatives or connections of such persons and in particular friendly or other benefit societies and to grant pensions, allowances, gratuities and bonuses either by way of annual payments or a lump sum and to make payments towards insurance and to form and contribute to provident and benefit funds

of or for such persons.

To refer or agree to refer any claim, demand, dispute or any other question, by or against the Company, or in which the Company is interested or concerned and whether between the Company and the members or members of his or their representatives or between the Company and third parties, to arbitration in India or at any place outside India and to observe and perform and to do all acts, deeds, matters and things to carry out or enforce the awards.

To pay out of the funds of the Company all expenses which the Company may lawfully pay with respect to the promotion, formation and registration of the Company.

To adopt such means of making known the Company as may seem expedient, and in particular by advertising in the press, by circulars, by purchase and exhibition of works of art or interest, by publication of books and periodicals or by granting prizes, rewards and donations.

To draw, make, accept, endorse, discount, execute and issue bills of exchange, promissory notes, bills of lading, warrants, debentures and other negotiable or transferable instruments or securities in connection with the activity of the Company.

To invest and deal with the moneys of the Company not immediately required in such manner as may from time to time be determined.

To exercise all or any of its corporate powers, rights and privileges and to conduct its activities in all or any of its branches in the Union of India and in any or all States, territories, possessions, colonies and dependencies thereof and in any or all foreign countries, and for this purpose to have and maintain and to discontinue such number of offices and agencies therein as may be convenient.

To procure the Company to be registered or recognised in any part of the world.

(C). OTHER OBJECTS : NIL

 

1. The income and property of the Company, whensoever derived, shall be applied solely towards the promotion of its objects of the Company as set forth in this Memorandum of Association.
2. No portion by way of dividend or bonus or otherwise, shall be paid to the person who at any time, are or have been members of the company or to any of them or to any persons claiming through any of them, provided that nothing herein contained shall prevent the payment in good faith or remuneration of any officer or servants of the Company, to any member thereof, or to any other person in return for any services actually rendered to, for or on behalf of the company or of interest on money borrowed by or for the purpose of the company, from any person, whether a member of the company or otherwise.
3. Expect with the previous approval of the Central Government, no remuneration or other benefit in money or moneys worth shall be given by the Company to any of its members, whether officers or servants of the company or not, except payment of out of – pocket expenses, reasonable and proper interest on money lent or reasonable and proper rent on premises let to the company.
4. Except with the previous approval of the Central Government, no member shall be appointed to any office under the Company which is remunerated by salary, fees, or in any other manners not excluded by sub-clause (3).
5. Nothing under above sub-clause shall prevent any payment by the Company of reasonable remuneration to any of its officers or servants (not being a member) or to any other person (not being a member) in return for any services actually rendered to the Company.