WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM ...

WABCO-TVS (INDIA) LIMITED INFORMATION MEMORANDUM
DIVIDENDS
Division of
profits
The Company
in General
Meeting may
declare a
Dividend
Dividends only
to be paid out
of profits
161.
162.
163.
the purpose.
(c) In no case the minutes of proceedings of a Meeting
shall be attached to any such book as aforesaid by
pasting or otherwise.
(d) The minutes of each Meeting shall contain a fair
and correct summary of the proceedings thereat.
(e) All appointments of Officers made at any Meeting
as aforesaid shall be included in the Minutes of the
Meeting.
(f) Nothing herein contained shall require or be
deemed to require the inclusion in any such minutes
of any matter which in the opinion of the Chairman of
the Meeting:-
(1) is or could reasonably be regarded as, defamatory of
any Person, or
(2) is irrelevant or immaterial to the proceedings, or
(3) is detrimental to the interest of the Company
The Chairman of the Meeting shall exercise an absolute
discretion in regard to the inclusion or non-inclusion of any
matter in the minutes on the aforesaid grounds.
(g) Any such minutes shall be evidence of the proceedings
recorded therein.
(h) The book containing the minutes of proceedings of
General Meetings shall be kept at the Office of the
Company and shall be open during business hours, for
such period not being less in the aggregate than two
hours in such day as the Directors determine to the
inspection by any Member without charge.
The profits of the Company, subject to any special rights
relating thereto created or authorised to be created by these
Articles, and subject to the provisions of these Articles, shall be
divisible among the Members in proportion to the amount of
Capital Paid-up or credited as Paid-up on the Shares held by
them respectively.
The Company in General Meeting may declare dividends out of
profits of any Financial Year or previous Financial Years to be
paid to Members according to their respective rights, but no
Dividends shall exceed the amount recommended by the
board, but the Company in General Meeting may declare a
smaller Dividend.
(a). No dividend shall be declared or paid otherwise than out
of profits of the Financial Year arrived at after providing
for depreciation in accordance with the applicable
provisions of the Act or out of profits of the Company
for any previous Financial Year or years arrived at after
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