Precedent No. 4 MEMORANDUM AND ARTICLES OF ASSOCIATION OF A COMPANY
LIMITED BY GUARANTEE AND HAVING A SHARE CAPITAL
Memorandum of Association
1st — The name of the company is "The Snowy Range Hotel Company,
Limited".
2nd.— The registered office of the company will be situated in the State
of West Bengal.
3rd.—(a) The main objects to be pursued by the company on its
incorporation are "the facilitating of travelling in the Snowy Range, by
providing hotels and conveyances by sea and by land for the accommodation
of travellers".
The objects incidental or ancillary to the attainment of the above main
objects are "conducting coaching classes in catering, hotel management,
etc., and the doing of such other things as are conducive to the attainment
of the foregoing main objects".
The other objects for which the company is established are "running a
publishing house and the publishing of periodical magazines/ newspapers
catering to various interests pertaining to the objects aforesaid".
4th.— The liability of the members is limited.
5th.—Every member of the company undertakes to contribute to the assets
of the company in the event of its being wound up while he is a member, or
within one year after he ceases to be a member for payment of the debts and
liabilities of the company, contracted before he ceases to be a member, and
the costs, charges and expenses of winding up the same and for the
adjustment of the rights of the contributories among themselves, such
amount as may be required, not exceeding fifty rupees.
6th.— The share capital of the company shall consist of five hundred
thousand rupees, divided into five thousand shares of one hundred rupees
each.
We, the several persons whose names and addresses are subscribed are
desirous of being formed into a company, in pursuance of this memorandum of
association, and we respectively agree to take the number of shares in the
capital of the company set opposite our respective names.
Names, addresses, descriptions and Number of shares
occupations of subscribers taken by each subscriber
A.B. of , Merchant 200
CD. of , Merchant 25
E.F. of , Merchant 30
G.H. of , Merchant 40
I.J. of , Merchant 15
K.L. of , Merchant 5
M.N, of , Merchant 10
Total shares taken 325
Dated the day of. 20 Witness to the
above signatures
X.Y. of