RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
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Main Objects of the Company<br />
The main objects of the company as set forth in the Memorandum of Association of the Company<br />
are as follows.<br />
1. To carry on business as manufacturers, fermentators, distillers, refiners, makers,<br />
Importers, exporters, buyers, sellers, suppliers, stockists, agents, merchants, and<br />
distributors of, and dealers in, acids and alkalies, Inorganic and organic compounds,<br />
solvents, gases, chemicals, petro chemicals, fertilizers, fuel and Industrial gases and all<br />
in organic and organic chemicals and compounds of any kind, character and property<br />
and which may be produced, manufactured or formulated by any of the chemical<br />
processes, reactions, or unit operations such as alkylation, amination by reduction,<br />
ammonolysis, aromatization, calcinations, carboxylation, causticization, combustion,<br />
condensation, concentration, dehydration, diazolization, double decomposition,<br />
distillation, hydroformylation, and synthesis of hydro carbons, hydrogenation, hydration<br />
and hydrolosis, isomerization, neutralization, nitration, oxidation, polymerization,<br />
pyrolysis or cracking education, silicate formation, sulfonation, saponification, alkali<br />
fusion or by any other chemical conversion, physical operation or manipulation of either<br />
any raw material from mines, forest, sea, air, farm, oil brine, gas wells and by-products<br />
and residual substances from any chemical process and conversion into any marketable<br />
products, consumer goods entered directly into the economic life or as intermediates or<br />
chemicals for the manufacture of consumer items or as raw materials for further<br />
fabrication in other industries.<br />
2. To carry on the business of brewers and malsters, hop merchants, malt factors corn<br />
merchants, wine and spirit merchants and importers, and distillers, manufacture of and<br />
dealers in sugarcane molasses of all kinds and fermentable materials of all kinds, yeast,<br />
linings, islanglass and other drawers, manufacturers, of and dealers in all kinds of<br />
aerated, mineral and medicated water and alcoholic and non-alcoholic drinks, beverages,<br />
cordials and bottlers, bottle makers, canners, packers and providers of all kind of goods<br />
and products.<br />
The Object Clauses of the Memorandum of Association enables the Company to undertake<br />
activities for which the funds are being raised in this issue and also the activities, which the<br />
Company has been carrying on till date.<br />
Changes in the Memorandum of Association:<br />
Since incorporation, the following changes have taken place in the Company’s Memorandum of<br />
Association:<br />
Date of Amendment Amendment<br />
31.03.1993 Adoption of following Clause B(1) of ‘Objects incidental or<br />
Ancillary to attainment of Main Objects’ as Clause A(2) of Main<br />
Objects:<br />
To acquire and undertake the whole or any part of the<br />
business, goodwill and assets of any person, firm or Company<br />
carrying on or proposing to carry on which this company is<br />
authorised to carry on and as part of the consideration for<br />
such acquisition, to undertake all or any of the liabilities of<br />
such person, firm or company or to acquire an interest in,<br />
amalgamate with or enter into any arrangements for sharing<br />
profits or for co-operation or for mutual assistance with any<br />
such person, firm or company and to give or accept by way of<br />
consideration for any of the acts or things aforesaid or<br />
property acquired by any shares, debentures, debenture stock<br />
or securities, that may be agreed upon and to hold, and to<br />
retain or sell or mortgage any shares, debenture-stock or<br />
securities so received.<br />
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