MEMORANDUM OF ASSOCIATION OF A LOGISTIC COMPANY

MEMORANDUM OF ASSOCIATION OF A LOGISTIC COMPANY
 

THE COMPANIES ACT, 1956)

(COMPANY LIMITED BY SHARES)

MEMORANDUM OF ASSOCIATION

OF

  ABC SHIPPING AND LOGISTIC LIMITED

(I)                The Name of the Company is ABC SHIPPING AND LOGISTIC LIMITED.

(II)             The Registered Office of the Company will be situated in the Capital of West Bengal, Kolkata.

(III)          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 establish, organize, manage, run, charter, conduct, contract, develop, handle, own, operate and to do business as fleet carriers, transporters, in all its branches on land, air, water, & space, for transporting goods, in all modes including bulk and containers, articles, or things or heavy and over dimensional cargo, on all routes and lines on National and International level subject to law in force through all sorts of carries like trucks, lorries, trawlers, dumpers, coaches, tankers, tractors, haulers, jeeps, trailers, motor buses, omnibuses, motor taxies, railways, tramways, aircrafts, hovercrafts, rockers, space shuttles, ships, vessels, boats, barges and so on whether propelled by petrol, diesel, electricity, steam oil, atomic power or any other form of power. To establish, organize, manage, run, charter, conduct, contract, develop, handle, own operate material Handling equipments.

2)      To carry on the business of clearing and forwarding agents, courier and cargo handlers, handling and haulage contractors, warehousemen, common carriers by land, rail, water and air, container agents, to handle goods and passengers within the country and outside and to carry on the business of tour and travel operators and to act as customs agents, wharfingers, landing agents, stevedores and longshoremen. To carry on the business of providing Logistics Services, material management, transportation, warehousing distribution and marketing of goods and to provide storage and protection of goods against rain, fire and other natural or manmade calamities

3)      To act as representative, Agent, Sub Agent, Commission Agent of Indian and foreign Companies, Firms, persons, states and other bodies Corporates and to represent them before the different authorities Corporates and bodies and to act as their Sales, purchase representatives and to render services to them for transporting warehousing, distributing, and maintaining all types of goods and Equipments in good conditions supplied by the Principals.

4)      To carry on Agency business including that of freight agents, steamer agents, chartering agents, clearing and forwarding agents, commission agents and bunkering agents and to work as Ship Broker and Charterers

           

(B)     THE OBJECTS INCIDENTAL OR ANCILLARY TO THE ATTAINMENT OF THE MAIN OBJECTS ARE:-

1)                  To acquire by purchase, exchange or otherwise any movable or immovable property any rights or privileges which the Company may deem necessary or convenient for the purpose of its main business.

2)                  To enter into partnership or into any arrangement for sharing profits, union of interest, Joint venture, reciprocal concession or co-operation with persons or Companies carrying on or engaged in the main business or transaction of this Company.

3)                  To import, change, alter, improve and manipulate in all kinds of plants, machinery apparatus, tools  and things necessary or convenient for carrying on the main business of the Company.

4)                  To vest any movable property, rights or interests required by or received or belonging to the Company in any person or Company on behalf of or for the benefits of the Company and with or without any declared trust in favor of the Company

5)                  To purchase or otherwise acquire, build, carry out, equip, maintain, alter, improve, develop, manage, work, control and superintend any plats, warehouse, sheds, office, shops stores, buildings, machinery, apparatus, labour lines and houses, warehouses, and such other works and conveniences necessary for carrying on the main business of the Company.

6)                  To undertake or promote scientific research relating to the main business or class of business of the Company.

7)                  To acquire and take over the whole or any part of the business, goodwill, trade-marks properties and liabilities of any person or persons, firm, Companies or undertakings either existing or new, engaged in or carrying on or proposing to carry on business, this Company is authorised to carry on possession of any property of rights suitable for the purpose of the Company and to pay for the same either in cash or in shares of partly in cash and partly in shares or otherwise.

8)                  To negotiate and enter into agreements and contracts with Indian and foreign individuals, Companies, corporations and such other organizations for technical financial or any other such assistance for carrying out ail or any of the main objects of the Company or for the purpose of activity research and development of manufacturing projects on the basis of know-how, financial participation or technical collaboration and acquire necessary formulas and patent rights for furthering the main objects of the Company.

9)                  Subject to Sections 391 to 394 & 394A of the Act, amalgamate with any other Company of which all or any of their objects Companies having similar to the objects of the Company in any manner whether with or without the liquidation.

10)              Subject to any law for the time being in force, to undertake or take part in the formation supervision or control of the business or operations of any person, firm, body corporate association undertaking carrying on the main business of the Company.

11)              To apply for obtain, purchase or otherwise acquire and prolong and renew any patents, patent-rights, brevets, inventions, processes scientific technical or other assistance manufacturing processes know and other incarnation, designs, patterns, copyrights, trade mark, licenses concessions and the like rights or benefits, conferring an exclusive or non exclusive or limited or unlimited rights or use hereof, which may seem capable of being used for or in connection with the main objects of the Company of  the acquisition or use of which may seem calculate directly to benefit the Company on payment of any free royalty or other consideration and to use, exercise of develop the same under or grant licenses in respect thereof of otherwise deal with same and to spend money in experimenting upon testing or improving any such patents, inventions, right or concessions.

12)              To apply for and obtain any order under any Act or Legislature, Charter, Privilege license or authorization of any Government, State or other Authority for enabling the  Company to carry on any of its main objects into effect or for extending any of the powers of the Company or for effecting and modification of the constitution of the Company or for any other such purpose which may seem expedient and to oppose; any precluding or applications which may seem expedient or calculated directly or indirectly to prejudice the interest of the Company.

13)              To enter into any arrangements with any Government or Authorities or any persons or Companies that may seem conducive to the main objects of the Company or any of them and to obtain from any such Government, authority, person or Company any rights, charters contracts, licenses and concessions which the Company may think desirable to obtain and to carry out, exercise and comply therewith.

14)              To procure the Company to be registered or recognized in or under the laws of any place outside India and to do all act necessary for carrying on in any foreign country for the business or profession of the Company.

15)              To draw, make, accept discount, execute and issue bills of exchanges, promissory notes, bills of lading, warrants, debentures and such other negotiable or transferable instruments, of all types or securities and to open Accounts of any type and to operate the same in he ordinary course of the Company.

16)              Subject to section 58-A and 292, 293,295 & 372A of the Act and the Regulations made there under and the Directions issued by the RBI to receive money on loan and borrow or raise money in such manner and at such time or time as the Company thinks fit and in particular by the issue of debentures, debentures, stock, perpetual or otherwise and to secure the repayment of any money borrowed, raised or owing by mortgage, charge or lien upon all or any of the properties or assets a revenue and profits o the Company both present and future, including its uncalled capital and also by a similar mortgage, charge or lien to secure and guarantee the performance by other person or Company of any obligation undertaken by the Company or Company to give he lenders the power to sale and such other expedient and purchase, redeem or pay off any such securities.

17)              To undertake and execute any busts, the undertaking of which may seem to the Company desirable, either gratuitously or otherwise.

18)              To establish, or promote or concur in establishing or promote any Company for the purpose of acquiring all or any of the properties, rights and liabilities of the Company.

19)              To sell, mortgage, exchange, grant licenses and other rights improve, manage, develop and dispose of undertakings, properties, assets and effects of the Company or any part thereof for such consideration a may be expedient and in particular for any shares, stocks, debentures of other securities of any other such Company having main objects altogether or in part similar to those of the Company.

20)              Subject to the Provisions of Section 100 to 105 of Act, to distribute among the members in specie or otherwise any property of the Company or any proceeds of sale or disposal of any property of the Company in the event of winding up.

21)              To distribute as dividend or bonus among the member or to place to reserve or otherwise to apply, as the Company may, from time to time, determine any money received by way of premium on debentures issued at a premium by the Company and any money received in respect of forfeited shares, money arising from the sale by the Company of forfeited shares, subject to provisions of Sec. 78 of the Companies Act, 1956.

22)              To employ agents or experts to Investigate end examine into the condition, prospects, value, character and circumstances of any business concern an undertakings and generally of any assets, properties or rights which the Company propose to acquire.

23)              To accept gifts, bequests, devisers or donations of any movable or immovable property or any right or interests therein from members or others.

24)              To create any reserve fund, sinking fund, or any other such special funds whether for depreciation, repairing, improving, research, extending or maintaining any of the properties of the Company or for any other such purpose conducive to the interest of the Company.

25)              Subject to the provisions of Section 292, 283, 293-A 8 293-8 of the Companies Act, 1956 to subscribe contribute, gift or donate any money, rights or assets for any national educational, religious, charitable, scientific, public, general w usual objects or to make gifts or donations of money or such other assets to any institutions, clubs, societies, associations, trust, scientific research associations, funds, universities, college or any Individual, body of Individuals or bodies corporate

26)              To establish and maintain or procure the establishment and maintenance of any contributory or non-contributory pensions or superannuation, provident or gratuity funds, for the benefit of and give or procure the giving of the donations, gratuities, pensions, allowances, bonuses or emoluments of any perms who are or were at anytime in the employment or service of the Company or any Company which is a subsidiary of the Company or is allied to or associated with the Company or with any ouch subsidiary Company or who are or went at any lime Directors or officers of he Company or any other  Company as aforesaid and the wives, widows, families and dependants of any such persons and also to establish and subsidies and subscribe to any institutions, associations, club or funds calceolate to be for the benefit of or advance aforesaid and made payments to or towards the aforesaid and to do any of the matters aforesaid, either alone or in conjunction with any such other Company as aforesaid.

27)              To establish for any of the main object of the Company, branches or to establish any firm or firms at paces in or outside India as the Company may deem expedient.

28)              To pay for any property or rights acquired by or for any services rendered to the Company and in particular to remunerate any persons, firm or Company introducing business to the Company either in cash or fully or partly-paid up shares with or without preferred deferred rights in respect of dividend or repayment of capital or otherwise or by any securities which the Company has power to issue or by the grant of any rights or options or partly in one mode and partly in another and generally on such terms and the Company may determine, Subject to the provisions of section 314 of Act.

29)              To pay out of the funds of the Company all costs, charges and expenses of and incidental to the formation and registration of the Company and any Company promoted by the Company  and also all costs, charges, duties, impositions and expenses of and expenses and incidental to the acquisition by the Company of any property or assets.

30)              To send out to foreign countries, its directors, employees or any other person or persons for investigation possibilities of main business or trade procuring and buying any machinery or establishing trade and business connections or for promoting the interest of the Company and to pay ail expenses incurred in this connection.

31)              To compensate for loss of office of any Managing Director or Directors or other officers of the Company within the limitations prescribed under the Companies Act, 1956 or such other status or rule having the force of law and to make payments to any persons whose office of. Employment or duties may be determined by virtue of any transaction in which the Company is engaged

32)              To agree to refer to arbitration any dispute, present or future between the Company & any other Company, firm, individual or any other body and to submit the same to arbitration in India or abroad either in accordance with Indian or any foreign system of law.

33)        To appoint agents, sub-agents, dealers, managers canvassers, sales  representatives or salesmen for transacting ail or any kind of the main business of which this Company is authorized to carry on and to constitute agencies of the Company in India or in any other country and establish depots and agencies in different parts of the work.

            

(C)                      THE OTHER OBJECTS ARE:

1)                  To carry on the business of software development and computer designing, job works, customization and also to provide technical services, training consultancy relate to hardware & software, information technology, to undertake computer related job as internet, communication network e-commerce, web hosting, maintenance of web-sites, web-site designing development or portals, multimedia to carry all kind of business in India or abroad related to information and technology, computer related assignment WAP Application development franchising and placement consultant.

2)      To carry on the business of advertising and publicity agency of providing to advertiser complete range of advertising services on network and all mass media like radio, televisions, cinema, video, hoardings, newspapers, magazines and firms and to carry on the business of providing advertising consultancy and professional market research including public relations.

3)                  To any on the business as manufacturers, traders, importers and exporters of and dealers in aluminum utensils, steel utensils and all other such types of utensils and kitchen requisites of all types.

4)                           To carry on business by whole sale or retail, or otherwise of interior decorators and furnishers, upholsters, and dealers in and repairs, cleaners, stores and whorehouse of furniture, carpets, linoleums furnishing fabrics.

5)                           To carry on the business as brewers distillers, bottlers, canners preservers, coopers dehydrators, molesters and merchants of and dealers in fruits, herbs, vegetables, plants and liquors by products there from, where intoxicating or not tonics vitamin beverages, flavored drinks, nectar, punch aerated waters and drinks whether soft or otherwise.

6)                           To act as cargo agents, travel agents, ship broken, charter party contractors, ship agents, packing forwarding and clearing agency salvers, wreck removers wreck raisers, auctioneers inspectors and observers of quality control customhouse agents, commission agents and general sales agents for any of the air lines steam-ship Companies, railway and transport Companies or any such person.

7)                           To any on the business of cold storage of fruits, vegetable seeds, fish, meat, agricultural products, milk, dairy product and such other perishable items of all types.

8)                           To carry on the business of production, distribution or exhibition of films and motion pictures and the running of theaters, cinemas, studies and cinematographic show and exhibitions.

9)                           To manufacture, assemble, buy, sell, import, export, trade service and deal in all kinds of Audio, Video Cassettes Compact Discs, and Compact Discs recorders.

10)                       To cultivate, grow, produce or deal in tea, coffee and any agricultural, vegetable or b I t products and to carry on all or any of the businesses of farmers, dairyman, milk contracts, dairy farmers, millers, purveyors and vendors of milk and milk products, condensed milk and powdered milk, cream cheese, butter, poultry fruits, vegetables, cash crops and provisions of all kinds.

11)                       To carry on the business of manufacturers of or dealers in pulp and paper of ail kinds and articles made form paper and pulp such as card boards and wall and ceiling papers and packaging cartons and newspapers and newsprint.

12)                       To carry on the business of purchase a sale of petroleum products, to act as dealers and distributors for petroleum Companies, to run service stations for the repair and servicing of automobiles and to manufacture or deals in fuel oils, cutting oils and greases.

13)                       To carry on business of iron-founders, makers of scientific, industrial and surgical instruments, mechanical engineers and manufacturers of agricultural implements and other machinery, steel casting and forgings and malleable iron and steel castings, tools makers, brass founders, metal works, boiler makers mill weights, machinists, iron and steal converters, smiths, builders, painters, metallurgists, electrical engineers, water, supply engineers, gas makers, farmers, printers, carries and merchants and to buy, sell,  manufacture, repair convert after, and deal in machinery, implements and rolling stock.

14)                       To carry on the business of hoteliers, moteliers, restaurant owners, refreshments, room  proprietors, refreshment contractors and own run garages, shops, stores, godowns, bares, refreshment rooms, cafeterias, discotheques, restaurants and places for sale, custody bailment.

15)                       To carry on the business of manufacturing and dealing, in assembling, buying, selling, reselling, exchanging, altering repairing, importing, exporting, lettings, distributing, or dealing in motor-cars, motor cycles, scooters, motor buses, motor lories, motor vans, trucks, locomotive engines, trains and all other road and rail conveyances, ships, boats, barges, launches, steamers and other vessels aero planes, aero engines, flying boats, hydroplanes, and aircrafts and aerial conveyances of every description, and kind for transport or conveyance of passengers, merchandise or goods of description, whether propelled or moved or assisted by means of petrol, spirit electricity, steam, oil vapour, gas petroleum mechanical animal or any other such motive power of all types.

16)                       To carry business of manufacturing, dying, coloring, spinning, weaving, buying selling, importing, exporting or otherwise dealing in all fabrics and other fibrous substances and preparations and manufacturers of and dealers in cotton, silk, woolen linen, hemp jute, textiles manufactured from such yarn, rayon, nylon, artificial silk and such other yarn and all kinds of woven synthetic blended textiles manufactured from such yarn.

17)                       To carry on the business manufacturing of and industrial machinery bearings, speed reduction units, pumps, machine tools agricultural machinery and earth ,moving machinery including mad rollers, bull-dozers, dumpers scrapers loaders shovels and brag lines and light engineering, goods such as cycle and sewing machines.

18)                       To carry on the business of manufacturers of or dealers in ferrous or non-ferrous metals iron & steel aluminum, brass, tin, nickel, special, steel and their products.

19)                       To carry on the business as manufacturers, stockiest, importers and exporters of and dealers in bolts, nails, hooks and such other hardware items of all types.

20)                       To carry on business as manufactures, stockiest, importers and exporters and dealer in forging, castings, stampings, of all metals, machinery parts, moulds, press tool& jigs, fixtures, and compression molding steel products and automobile parts.

21)                       To carry on business as manufacturers stockiest, importers, exporters and repairers of and dealers in all kinds of electrical and electronic goods.

22)                       To carry on business as manufacturers, stockiest, importers and exporters and dealers In wearable and un-wearable fabrics, high density polyethylene and polypropylene, woven snacks and tarpaulins.

23)                       To carry on business as manufacturers of and dealers in and as stockiest, importers, and exporters of packing material, jointing and betting materials, asbestos materials and fibers,          insulation n material and welding fluxes, cartons, containers, boxes and cases made of paper, boards, wood glass, plastic, pulp, cellulose films, polythene, rubber, metals, metal foils gelatin, tine, flexible, treated and laminated of other materials

24)                       To carry on business as manufacturers of and dealers in as stockiest, importers and exporters of bottles, jars, fib rite boxes corrugated containers aluminum and all types wooden drums pacing cases, rods, wires, ropes, strips, conductors, equipment required for generation, distribution and transmission of electric energy, cables, motors, fans, lamps,    batteries and accumulators.

25)                       To carry on the business of manufacturers, traders, supplies of all kinds of confectionery items and food such as jams, syrups, namkeens, toffee, chocolates, biscuits, sweets, wafers, corn flakes, saunf & spices

26)                       To Carry on the traders and business of meal manufacturers, dealers in consumable stores and provisions of all kinds' foods stuffs, grains flour, seeds folder, care oils, corn, wheat, wheat products, stores, vegetable oils ghee and vanaspati products.

27)                       To set up a tanners and to carry on the business as manufacturers of and dealers in and importers and exporters of leather and raw hides and skin

28)                       To carry on the business as manufacturers of and dealers in or as stockiest, importers, and exports of plastics, synthetic resins, natural resins, polymer products and chemicals required for the manufacture, processing and fabrication of plastic and similar other such products, tubes, pipers, sheets films whether extruded casted, formed or foamed.

29)                       To purchase, hold and acquire mains, mining  mining fights, mining claims and metalliferrous lands and explore work, exercise, develop and turn to account all sorts of major and major minor minerals and all kinds of mineral and sub roil materials and to crush, win sat, quarry, smelt, calcite, refine, dress, amalgamate, manipulate end prepare for marked ores metals and mineral substances of all kinds and to carry on metallurgical operations in all its branches and to prepare, process, manufacture assemble, fabricate, cast fit, press machine, treat, weld, harden, plate, tamper, anneal any kind of metals and consequential products.

30)                       To produce, manufacturer, trade deal in all dispose of alkalis, dyes, chemicals, acid, gases, compounds, fertilizers, chemical, products of every nature and description, intermediates, derivatives, all types of flotation regents wetting agents, insecticides, fumigates, dyestuffs, catalytic agents,. Direct colors, basic colures pigments drug, biological, Pharmaceuticals, serums, vitamin products hormones and products, derived form phosphate mines, limestone quarries, vitamin products hormones and products, derived form phosphate mines, limestone quarries,    oxide mines, petroleum, natural gas useful of suitable in the manufacture of chemicals and chemical product an to undertake the business of spraying or of pesticides.

31)                       To canyon business as Importers, exporters, trader's buyers, selling, retailers, wholesalers. suppliers, indentures, filing, refilling, movers, preservers, stockiest, agents, sub-agents, merchants, distributors, consignors, jobbers, brokers and manufacturer of otherwise deal in ail kinds of gases for industrial, commercial and domestic use.

32)                       To caw on business as importers, traders, buyers, sellers, retailers, wholesalers, suppliers, indentures, packers movers preservers stockings, agent, sub-agents, merchants, distributors, consignors, jobbers, broken, concessionaires or otherwise to deal in all kinds of herbal items whether in synthetic, medicated, natural, ayurvedic, allopathic, homeopathic form or in any other form, cosmetic items, health caring goods, body caring goods, skin caring goods, hair caring goods including shampoos, creams, shower gels, hair oil, hair removers, formulations of all types powers kajals, lipsticks, soaps whether in liquid form.

33)                       To run, own, manage, consultants, administer, Diagnostic, Nursing homes, scan centers, Urology and Maternity centers, hospital clinical dispensaries, child welfare and family planning centers, clinical pathological testing laboratories.

34)                       To procure or develop and supply technical know how for the manufacture or processing the        installation of correction of machinery of plant in the working of mines oil wells or other sources of mineral in carrying out any operations relating to agriculture animal husbandry dairy or poultry-facing, forestry of fishery or rendering serves In connection with the provision of such technical know-how.

35)                       To manufacture, buy, Sell, import, export, alter, improve, manipulate, prepare for, market exchange, install, repair service, and deal in all kinds of surgical X-ray unit, E-ray equipment, telecommunication machines, business intercoms, teleprinters dictating and recording machines broad casting apparatuses loud-speakers, radios, auto-radio reverberators, tape-players, cassette tapes, head phones stereo complex speakers, radii control equipment’s cameras, binoculars, microscopes, projectors, telescope, television sets, refrigerators, coolers, radars, computers and spare parts.     

       

36)                       To deal in forex business such as money changing, foreign exchange, export and import foreign currency Subject to approval of RBI and other appropriate Authorities

37)                       To cap on the business as manufactures, traders, Importers and exporters of and dealers in all kinds of carpets and floor coverings, whether made of woolen, cotton, synthetic q such other fibers of fibrous materials of all types.

38)                       To carry on the business as traders, importers and exporters of and dealers, in cotton and Jute, whether raw, semi-processed and all kind of cotton and jute goods.

39)                       To carry on the business as shares and stocks brokers and to buy, self and deal in all kind of shares stocks, securities, bonds, debentures, units and such other instruments of all types.

40)                       To carry on the business of printers, publishers and distributers of all types of books.

41)                       To manufacture, by, sell, export, Import, process and assemble and deal in lamps, lamp shades, electric lights, electric fittings, glass items, handicrafts brass products all electric and electronic goods and other decorative items and their component parts and accessories and lamp shades made of fabrics, PVC laminated shades and fabrics.

42)                       To carry on the business of public transporters and to pay al types of commercial vehicles such as Trucks, Tempos, and pick up vans for carrying goods or passengers anywhere in India.

43)                       To carry on the business as importers, exports agents, distributors, stockiest contractors, suppliers, dealers of any kind and to act as manufactures, representatives agent brokers, commission agents and merchants of commodities articles, products and merchants of any kind or nature.

44)                       To undertake and transact all kind of agency business and to carry on and promote any business commercial or otherwise under sound principles and/or to act as distributors, agents underwriters, brokers, estate agents, middleman, contract man representation and indenting agent on commission allowance, as may be deemed fit in all commodities, merchandise and such other allied articles/lines of business.

45)                       To carry on the business of sale and purchase of industrial plots, Sheds, Factory Buildings, constructions of commercial property letting out of property, contractors for construction of building roads.

46)                       To act as security and fire safety consultants, advisers, security contractors an to supply watch and ward staff, security guards, body guards and to render services thereof to the Central Government State Government Corporations, Municipalities, Companies, Commercial houses, Trusts, Individuals and others.

47)                       To carry on business of present, promote, produce, organize, manage, conduct, represent event Management Programmer D.J. Disco, Classical Programme and the live entertainment Programmers by hiring the professional artist and carry on all the related activities on behalf of sponsored Companies/firms/individuals for advertisement and entertainment purposes.

48)                       To carry on the business of immigration recruitment & placement as professionals, executives, skilled, semi-skilled, un-skilled, workers, labors 8 other technical personnel in India & abroad for those seeking immigration.

(D)    The Liability of the members is Limited.

(E)     The Authorized Share Capital of the Company is Rs. 5,00,000/- (Rupees Five Lakhs only) divided into 50,000 (Fifty Thousand) Equity Shares of Rs. 10/- (Rupees Ten) each.