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

179. Auditors shall be appointed and their rights and duties regulated in accordance
with Sections 224 to 233 of the Act.
180. The First Auditor or Auditors of the Company shall be appointed by the Board
within one month of the date of registration of the Company and the Auditor or Auditors so
appointed shall hold office until the conclusion of the First Annual General Meeting provided that.
The Company may, at a General Meeting, remove any such Auditor or all of such Auditors and
appoint in his or their place any other person or persons who have been nominated for
appointment by any member of the Company and of whose nomination notice has been given to
the members of the company not less than fourteen days before the date of the Meeting
provided further that if the Board fails to exercise its powers under this Article, the Company in
General, Meeting may appoint the first Auditor or Auditors.
The aforesaid provisions shall mutatis mutandis apply to any Secretarial Auditor
appointed under the relevant provisions of the Act.
DOCUMENTS AND NOTICES
181. (1) A document or notice may be served or given by the Company
on any member either personally or sending it by post to him to his registered
address or (if he has no registered address in India) to the address, if any, in
India supplied by him to the Company for serving documents or notices on him.
(2) Where a document or notice is sent by post, services of the document or
notice shall be deemed to be effected by properly addressing, prepaying and posting a letter
containing the document or notice, provided that where a member has intimated to the
Company in advance that documents or notices should be sent to him under a certificate of
posting or by registered post with or without acknowledgment due and has deposited with the
Company a sum sufficient to defray the expenses of the doing so; service of the documents or
notice shall not be deemed to be effected unless it is sent in the manner intimated by the
member and such service shall be deemed to have been effected in the case of Notice of a
meeting,at the expiration of forty-eight hours after the letter containing the document or notice
is posted and in any other case at the time at which the letter would be delivered in the ordinary
course of post.
182. A document or notice advertised in a newspaper circulating in the neighborhood
of the Off ice shall be deemed to be duly served or sent on the day on which the
advertisement appears to every member who has no registered address in India and
has not supplied to the Company an address within India for serving of documents on
or the sending of notices to him.
183. A document or notice may be served or given by the Company on or given to
the joint-holders of a share by serving or giving the document or notice on or to the
joint-holders named first In the Register of Members in respect of the share.
184. A document or notice may be served or given by the Company on or to the
persons entitled to a share in consequence of the death or insolvency of a member by sending it
through post In a prepaid letter addressed to him or them by name or by the title of
representatives of the deceased or assignee of the insolvent or by any like description, at the
address (if any) in India supplied for the purpose by the persons claiming to be entitled, or (until
-such an address has been so supplied) by serving the document or notice in any manner in
which the same might have been given I the death or insolvency had not occurred.
185. Documents or notices of every General Meeting shall be served or given in the
same manner hereinbefore on or to (a) every member (b) every person entitled to a
share in consequence of the death or Insolvency of a member, and (c) the Auditor for
the time being of the Company.
186. Every person who, by operation of law, transfer or other means whatsoever,
shall become entitled to any share, shall be bound by every document or notice in
respect of such shares, previously to his name and address being entered on the
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