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

(a)
a director in such company, and
(b) the holder of not more than shares of such number or value
therein as is requisite to qualify him for appointment as a
Director thereof, he having been nominated as such Director by
the Company
or
not more than 2% of its paid-up, share capital.
(ii)
in his being a member holding
127. The Company shall keep a Register in accordance with Section 301(l) - and shall
within the time specified in section 301 (2) enter therein such of the particulars as may be
relevant having regard to the application thereto of Section 297 or Section 299 of the Act as the
case may be. The Register aforesaid shall also specify, in relation to each Director of the
Company & the names of the bodies corporate and firms of which notice has been given by him
under Article 125. The Register shall be kept at the office of the company and shall be open to
inspection at such office, and extracts may be taken there from and copies thereof in the same
manner, and on payment of the same fee as in the case of the Register of Members of the
Company and the provision of Section 163 of the Act shall apply accordingly.
128. A Director may be or become a director of any company promoted by the
Company or "in which it may be interested as a vendor, shareholder, or otherwise, and no such
director shall be accountable for any benefits received as director or shareholder of such
company except in so far as Section 209(6) or Section 314 of the Act may" be applicable.
129. At every Annual General Meeting of the Company, one-third if such of the
Directors for the time being as are liable to retire by rotation or if there, number is not three or a
multiple of three, the number nearest to one-third shall retire from office.
130. Subject to Section 256(2) of the Act, the Directors to retire by rotation under
Article 129 at every Annual General Meeting shall be those who have been longest in
the office since their last appointment, but, as between persons who became -directors
on the same day, those who are to retire, shall, in default of, and subject to any
agreement among themselves, be determined by lot.
131. A retiring Director shall be eligible for re-election.
132. Subject to Sections 258 and 259 of the Act, the Company at the General Meeting
at which a Director retires in manner aforesaid may fill up the vacated off ice by electing a
person thereto.
133. (a) If the place of the retiring Director is not so filled up and the meeting Provisions
for has not expressly, resolved not to fill the vacancy, the meeting shall default
of appointment stand adjourned until the same day in the next week, at the
same time and place.
(b)
If at the adjourned meeting also, the place of the retiring Director is not filled up
and that meeting also has not expressly resolved not to fill the vacancy, the
retiring Director shall be so deemed to have been reappointed at the adjourned
meeting, unless:
(i)
(ii)
(ii)
at that meeting or at the previous meeting the resolution for the
reappointment of such Director has been put to the meting and lost;
the retiring Director has, by a notice in writing addressed to the
Company or its Board expressed his unwillingness to be so reappointed;
he is not qualified or is disqualified for appointment;
301