Transfer of Shares to IEPF Authority

Subject: Transfer of Shares to IEPF Authority

Pursuant to second proviso to Rule 6 of Investor Education and Protection 
Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 as amended 
time to time, wherein the seven years period provided under sub-section (5) of 
section 124 is completed for unpaid/unclaimed dividends during September 7, 2016 
to October 31, 2017, the due date for transfer of such shares by companies is 
October 3lst, 2017.

The IEPF Authority has opened demat accounts with National Securities 
Depository Limited (NSDL) and Central Depository Services Limited (CDSL) through 
Punjab National Bank and SBICAP Securities Limited respectively, as Depository 
Participants. The details of said accounts are as under;

Particulars

PNB

SBICAP

DP ID

IN300708

12047200

Client ID

10656671

13676780

These demat accounts will have features and functionality to support IEPF 
operations using paperless, digital processes and facilitate record keeping of shares 
transferred to the IEPF Authority to meet the requirements of the Rules.

All companies which are required to transfer shares to IEPF Authority under 
the aforesaid Rules, shall transfer such shares, whether held in dematerialised form 
or physical form, to the demat accounts of IEPF Authority by way of corporate action. The Information related to the shareholders, whose shares are being transferred to lEPF's demat accounts with PNB or SBICAP shall be provided by the companies to NSDL or CDSL respectively as per the prescribed format by the concerned depository.

The Ministry of Corporate Affairs has held separate discussions with NSDL and 
CDSL during which they have agreed to levy reduced charges for account 
maintenance and record keeping pertaining to shares transferred to the demat 
accounts of IEPF Authority. A Memorandum of Understanding (MOU) to the effect is being finalized with the two depositories and the same will also be uploaded on website www.jav .in on finalization. NSDL and CDSL shall, based on these discussions, separately notify the charges, which shall not be more than those 
finalized in the MOU. NSDL and CDSL are required to allow the services with 
immediate effect.

Any cash benefit accruing on account of shares transferred to IEPF such as 
dividend, proceeds realised on account of delisting of equity shares of the 
company, amount entitled on behalf of security holder if the company is being 
wound up as per Rule 6, sub-rule (10), (11) and (12) of Investor Education and 
Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, shall be transferred by companies to bank account opened by the Authority with Punjab National Bank, sansad marg, New Delhi, which has been linked to demat accounts mentioned at para 2 above.

It is clarified that Only amounts mentioned in para 6 above are to be 
transferred to Bank account indicated above. Transfer of amount due to be 
transferred under section 125(2) of the Companies Act, 2013 or any other amount to aforesaid account is strictly prohibited.

This issues with the approval of the Competent Authority.

FINANCIAL YEAR OF THE COMPANY

Passing Authority — Board of Directors Nature of the Resolution — Resolution with simple majority "RESOLVED THAT the financial year of the company be and is hereby fixed so as to start from the first day of April each year and end on the 31st day of March next year." "RESOLVED FURTHER THAT the first Accounts of the company be prepared for the period 10th June, 2016 (being the date of incorporation) to 31st March, 2017."

OPENING OF BRANCH OFFICE OUTSIDE INDIA

Passing Authority — Board of Directors Nature of the Resolution — Resolution with simple majority “RESOLVED THAT subject to the provisions of the Foreign Exchange Management Act, 1999 and in accordance with the prior approval of the Reserve Bank of India, obtained by the Company, the consent of the Board of directors of the Company be and is hereby accorded to open an overseas branch office of the Company in Dubai at a suitable location as the Managing Director of the Company may finalise in the best interest of the Company and to take all the effective steps as may be required for the above said purposes for and on behalf of the Company from time to time.” “RESOLVED FURTHER THAT Mr. A, Managing Director of the Company be and is hereby authorized to take necessary steps and to do all acts and deeds for opening and operation of the said overseas branch office of the Company.”

Resolution for opening of Sales Depot and declaration as the Branch office

Resolution for opening of Sales Depot and declaration as the Branch office SPECIMEN 1 “RESOLVED THAT the sales depot of the Company situated at Ahmedabad, (Gujarat) be and is hereby declared as Branch office of the Company under section 2(14) of the Companies Act, 2013 w.e.f.…………..” “RESOLVED FURTHER THAT Mr. A, be and is hereby appointed as the Branch Manager and is hereby authorized to take all such actions as may be necessary for the establishment of this Branch office.”

https://drive.google.com/file/d/0B1kwf3V_MAIkNHpvNnMwUkRJR28/view?usp=sharing

Accounts & Reports under Companies Act, 2013

Alternate Director

https://drive.google.com/file/d/0B1kwf3V_MAIkZjE1dnVSMWlNRlU/edit?usp=sharing