gayatri projects limited - Edelweiss

INDEMNITYEvery Director, Auditor, Officer or the Servant of the Company shall subject toSection 201 of the Companies Act, 1956 be indemnified out of its fund for all costs,charges, travelling or other expenses, losses and liabilities incurred by them orhim in the conduct of the company’s business or in the discharge of their or hisduties, and neither any Director nor Officer or Servant of the Company shall beheld liable for joining any receipt of other act for conformity sake or for any loss orexpenses happening to the company by insufficiency or deficiency of any securityon, if or upon which any of the moneys of the company shall be invested, or forany loss or damage or misfortune whatsoever, which happen in the execution oftheir or his, office or in relation thereto, unless the same shall happen throughtheir or his own dishonesty.Every Director, Auditor, Secretary, Agent and Officer of the Company shall alsobe indemnified out of the assets of the company against any liability incurred byhim in defending any proceedings whether civil or criminal, in which judgement isgiven in his favour or in which he is acquitted or in connection with any applicationunder Section 633 of the Companies Act, 1956, in which relief is granted to himby the Court.225