moa nidhi company

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(THE COMPANIES ACT, 2013)

SCHEDULE I

TABLE -A

MEMORANDUM OF ASSOCIATION

OF

JANSURAKSHA (INDIA) NIDHI LIMITED

(A COMPANY LIMITED BY SHARES)

I. The name of the company is ‘‘JANSURAKSHA (INDIA) NIDHI LIMITED’’.

II. The registered office of the company will be situated in the State of

UTTER PRADESH.

III . (a) The objects to be pursued by the company on its incorporation are:—

1. To encourage and afford all facilities for cultivating thrift ,saving habits and to render all

financial assistance to its member only by receiving long and short term deposits and in particular recurring ,fixed and other deposits, not being current account s from the members as

are allowed by law for Nidhi or Mutual Benefits Companies . The company shall also not

carry on chit fund business, insurance business, hire purchase finance business and business oftrading in share and securities.

2. To lend, grant loans to the shareholders or members only as against securities of immovable properties and/ or on the security of deposits, movable such as gold, silver, jewellery, Kisan

Vikas Patra, National Saving Certificates Scheme, insurance policies and other Government

securities up on such terms and condition as may from time to time prescribed in law for Nidhi or Mutual Benefits Companies.

(b) Matters which are necessary for furtherance of the objects specified in clause 3(a) are:—

1. To make and alter the rules as may be determined from time to time by the board of

directors for carrying on the business of the company more profitably and efficiently.

2. To remunerate any person or persons or company for any service rendered or to be rendered

in or about the formation, or promotion of the company or the conduct of its business.

3. To pay out the capital of the company or otherwise all expenses incurred in connection with

the formation and registration of the company.

4. To open current or deposit accounts with any bank or bankers and to pay money into and

draw money from such accounts. To open or deposit accounts with any bank or banks and to

pay money into and draw money from such accounts and to open branches anywhere in India.


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5. To purchase or otherwise acquire lands and building or to construct buildings, hold,

maintain, improve, demolish, reconstruct and dispose in such manner as the company may

deem fit for the purpose of the company.

6. To enter into agreement with the Government State or Municipal or any local authority and

to obtain any advantage for the company.

7. To indemnify members, officers, directors and other staff of the company against proceedings, costs, claims and demands in respect of anything done or ordered to be done bythem for and in the interest of the company.

8. To pay, satisfy or compromise claims made against the company which it may be necessaryor deem expedient to pay, satisfy or compromise.

9. To invest and deal with the monies of the company not immediately required in such

manner as may from time to time seem expedient and be determined.

10. To draw make, accept, endorse, discount, execute and issue promissory notes, bills of

exchange, warrants, debentures and any other negotiable or transferable instruments and toopen letter of credit for indigenous and overseas business of the company.

11. To do all event and every things necessary, suitable, proper for the accomplishment of anyof the purposes for the attainment of any of the main objects of the Company either as

principals, agents, contractors or otherwise alone or in conjunction with others.

IV. The liability of the member(s) is limited and this liability is limited to the amount unpaid, if

any, on the shares held by them.

V. The Authorised Share Capital of the Company is Rs. 12,00,000/-( Rupees Twelve Lacs)

divided into 1,20,000 (One Lac Twenty thousands) Equity shares of Rs. 10/-( Rupees Ten)each.


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