SUBJECT MATTER PAGE NUMBER Interpretation 4 – 6 Main business of the company 7 Main object 7 Ancillary objects 7 – 8 Adoption of Memorandum of Incorporation 8-9 Incorporation and nature of the company 9 – 11 Amendment of the Memorandum of incorporation and Company rules 11 – 12 Provisions of Chapter 3 of the Companies Act Tender Committee Councils 12 12 – 13 13 Area and Scope of Operation 13 Special Provisions 13 – 14 Publication of survey results 14 Members and Non–Members of the Company – General 14 – 16 Composition of the members 16 – 17 Register of members 17 Termination of membership 17 - 18 Resignation of members 18 Members right to information 18 – 19 Votes of members 19 – 20 Record date for exercise of member rights 20 Limitation of Liability 20 General meetings 21 – 22 Notices for General meetings 22 Quorum at General meetings 22 – 23 Proceedings at General meetings 23 – 24 Members resolution 24 – 25 Annual General meetings 25 – 26 Obligations of members in respect of the grievance procedure 26 Board of directors 26 Appointment and votes of directors 26 – 27
anticipated expenses to be incurred by the Member or director on behalf of the Company. The company is empowered: to form and have an interest in any company or companies or associations of a similar nature having the same or similar object to the Company, for the purpose of acquiring the undertaking of all or any of the assets or liabilities of that company or companies or associations or for any purpose which may seem directly or indirectly, calculated to the benefit of the Company, and to transfer to any such company or companies or associations the undertaking or all or any of the assets or liabilities of the Companies. To amalgamate with other companies having the same or similar objects to the Company. To take part in the management, supervision and control of the business or operations of any other company or business having the same or similar objects as the Company, and to enter into partnerships having the same or similar objects as the Company. To remunerate any person or persons in cash for services rendered in the formation or development of its business. To make donations except to Members or directors. To pay remuneration, gratuities and pensions and establish pension schemes in respect of its bona fide employees and officers and directors who are bona fide employees. The income and property of the Company whensoever and howsoever derived be applied solely towards the promotion of its objects and purposes, as set out in clause 2, 3 and 4, and no portion thereof shall be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise howsoever, to the Members of the Company or to its controlling or controlled company; provided that nothing herein contained shall prevent the payment in good faith of reasonable remuneration to any officer or servant of the Company or to any Member thereof in return for any services actually rendered to the Company. The Company not be permitted to distribute any of its surplus, gains or assets to any person other than an association whose objects are in the furtherance of the objects for which the Company is established. Upon its winding up, deregistration or dissolution, the assets of the Company remaining the satisfaction of all its liabilities shall be given or transferred to some