memorandum of association and its clauses

MEMORANDUM OF ASSOCIATION




The Memorandum of Association of any Company having the following clauses:-



? Name Clauses



? Situation Clauses



? Objective Clauses



? Liability Clauses



? Capital Clauses





MEMORANDUM OF ASSOCIATION

OF

ASHOK LEYLAND LIMITED



? Name of the Company is “Ashok Leyland Limited”.





? The Registered Office of the Company will be situated in the State of Tamil Nadu





? The Objects for which the Company is established are:-



• To carry on the Business of manufacturers, assemblers of, dealers in, hirers, repairers ,cleaners, storers, warehousers, pf motor cars, motor cycles, cycle-cars, motors, scooters, motor-buses and lorries, trucks, tractors,cycles, bicycles, and carriages, launches, boats and ships, vans aeroplanes, hydroplanes, and other vehicles and conveyances of all descriptions for carrying passengers or other personnel, goods, commodities, produce, cargoes and other things on land or sea or by air whether propelled or assisted by means of petrol, spirit, steam, gas, electrical, animal or other powers, and all engines, chassis, bodies, turbines, tanks, tools, implements, accessories and other things, materials and products used for, in or in connection with motors and other things.



• To carry on the business of mechanical engineers, machinists, fitters, mill-wrights, pounders, galvanisers, enamellers, electroplaters, painters and packing case-makers.



• To develop, design, programme, conduct feasibility studies, act as advisor, retainers, consultants and/or agents to all projects and to engage in project survey, implementation, progress monitoring and turnkey installation















• To import into Indian Austin cars and other Austin products, to assemble Austin products from their Components, to undertake the progressive manufacture in India of such parts of Austin products as can, under suitable provisions for such manufacture, be manufactured there, to supply Austin Products and parts to accredited distributors for re-sale to the public in India and to provide adequate facilities for the prompt servicing of Austin Products in India



• To acquire and work mines, plantations, forests, lands, licences, leases and other rights and privileges.



• To enter into any contract or arrangement or other dealing for the more efficient conduct of the traffic or business of the Company or any part thereof.



• To sell, let, exchange or otherwise deal with the undertaking of the Company of any part thereof for such consideration as the Company may think if and in particular for shares, debentures or securities of any other Company having objects altogether or in part similar to those of this Company and if thought fit to distribute the same among the share-holders of this Company





• To provide for the welfare of the employees or ex-employees of the Company and the wives, widows and families of the dependents or connections of such persons, by building or contributing to the building of houses, dwellings or chawls, or by grants of money, pensions, allowances, bonus, or other payments; or by creating and from time to time subscribing or contributing to Provident or other associations, institutions, funds or trusts, and by providing or subscribing or contributing towards places of instruction and recreation, hospitals and dispensaries, medical and other attendance and other assistance as the Company shall think fit, and to subscribe or contribute or otherwise to assist or to guarantee money of charitable, benevolent, religious, scientific, national, political or other institutions and object which shall have any moral or other claim to support or aid by the Company either by reason of locality of operation or of public and general utility or otherwise



AND IT IS HEREBY DECLARED that the word “Company” in this Memorandum when applied otherwise than to this Company shall be deemed to include any authority or partnership or other body of persons whether incorporated or not and whether domiciled in India or elsewhere; and the intention is that the objects set forth in each of the several paragraphs of this Clause shall have the widest possible construction and shall in no wise be limited or restricted by references to or inference from the terms of any other paragraphs of this Clause shall have the widest possible construction and shall in no wise be limited or restricted by reference to or inference from the terms of any other paragraphs of this Clause or the name of the Company











? The liability of the members is limited









? The Capital of the Company is Rs.150, 00,00,000(Rupees One hundred and Fifty Crores only) divided into 15,00,00,000 equity shares of Rs.10/- each