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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 />

122

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