RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

10. The Register and Index of beneficial owners maintained by a depository under
the Depositories Act, 1996 shall be deemed to be the Register and Index of Members
and Security holders for the purposes of these Articles.
COPIES OF MEMORANDUM AND ARTICLES TO BE SENT TO MEMBERS
65. Copies of the Memorandum and Articles of Association of the Company and other
documents referred to in Section 39 of the Act shall be sent by the Board to every Member at his
request within fifteen days of the request on payment of Re. 1/ - for each copy.
BORROWING POWERS
66. The Board may, from time to time, at its discretion subject to the provisions of Section
292 of the Act, raise or borrow, either from the Directors or from elsewhere and secure
the payment of any sum or sums of money for the purpose of the Company; provided
that the Board shall not without the sanction of the Company in General Meeting borrow
any sum of money which together with money borrowed by the Company (apart from
temporary loans obtained from the Company's bankers in the ordinary course of
business) exceed the aggregate for the time being of the paid up capital of the Company
and its free reserves, that is to say, reserves not set aside for any specific purpose.
67. The Board may raise or secure the repayment of such sum or sums in such manner and
upon such terms and conditions in all respects as it thinks fit and in particular, by the
issue of bonds, perpetual or redeemable, debentures or debenture-stock, or any
mortgage, or other security on the undertaking of the whole or any part of the property
of the Company (both present and future] including its uncalled capital for the time
being.
68. Any debentures, debenture-stock, bonds other securities may be issued at a discount
and otherwise debentures, debenture-stock, bonds and other securities may be made assignable
free from any equities between the Company and the person to whom the same may be issued.
Debentures, debenture-stock, bonds or other securities with a right of conversion into or
allotment of shares shall be issued only with sanction of the Company in General Meeting.
69. Save as provided in Section 108 of the Act, no transfer of debentures shall be registered
unless a proper instrument of transfer duly stamped and executed by the transferor and
transferee has been delivered to the Company together with the certificate or certificates of the
debentures.
70. If the Board refuses to register the transfer of any debentures, the Company shall,
within one month from the date on which the instrument of transfer was lodged with the
company, send to the transferee and to the transferor the notice of such refusal.
71. The Board shall cause a proper Register to be kept in accordance with the provisions of
Section 143 of the Act of all mortgages, debentures, and charges specifically affecting the
property of the Company, and shall cause the requirements of Sections 118 and 125 and 127 to
144, both inclusive of the Act in that behalf to be duly complied with, so far as they are
ought to be complied with by the Board.
72. The Company shall, if at any time it issues debentures, keep Register and Index of
Debenture holders in accordance with Section. 152 of the Act. The Company shall have the
power to keep in any State or Country outside India a Branch Register of Debenture-holders,
resident in that State or Country.
CONVERSION OF SHARES INTO STOCK AND RECONVERSION
73. The Company in General Meeting may convert any paid-up shares into stock; and when
any shares shall have been converted into stock, the several holders of such stock may
thenceforth transfer their respective interest therein, or any part of such interest, in the same
manner and subject to the same regulations as, and subject to which the shares from which the
stock arose might have been transferred, if no such conversion had taken place or as near
thereto as circumstances will admit. The Company may at any time re-convert any stock into
paid-up shares of any denomination.
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