Articles Of Association Of An Unlimited Company - Legal Draft

1. The number of members with which the company proposes to be registered

is 20, but the Board may from time to time register an increase of members.

1. The share capital of the company is twenty thousand rupees

divided into twenty shares of one thousand rupees each.

1. The company may by special resolution—

a) increase the share capital by such sum to be divided into shares of

such amount as the resolution may prescribe;

b) consolidate its shares into shares of a larger amount than its

existing shares;

c) sub-divide its shares into shares of a larger amount than its

existing shares;

d) cancel any shares which at the date of the passing of the resolution

have not been taken or agreed to be taken by any person;

e) reduce its share capital in any way.

1. All the Articles of Table A in Schedule I to the Companies Act,

1956, except articles (36, 37, 38, 39, 44, 45 and 46) shall be deemed

to be incorporated with these articles and to apply to the company.

Names, addresses, descriptions and occupations of

subscribers

1. A.B. of , Merchant
2. CD. of , Merchant
3. E.F. of , Merchant
4. G.H. of , Merchant
5. I.J. of , Merchant
6. K.L. of , Merchant
7. M.N. of , Merchant

Dated the day of. 20 Witness to

the above signatures

X.Y. of