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Memorandum of Association of KSFIC

  • The name of the company is “THE KARNATAK STATE FOREST INDUSTRIES CORPORATION, LIMITED”.
  • The registered office of the company will be situated, in the state of Mysore.
  • The objects for which the company is established are:
  1. MAIN OBJECTS TO BE PURSUED ON INCORPORATION OF THE COMPANY
  2. To establish, administer, own and run industries, for manufacturing Forest products.
  3. To undertake economic and scientific exploitation of the Forest Resources and to set up organizations to undertake the work of felling, conversion, hauling and transport of timber, poles, firewood and all kinds of materials from the Forests in Mysore State.
  4. To carry on the business of manufacturers and dealers in timber, pulpwood, matchwood, rubber, sandalwood etc., and Forest products like plywood, paper, rayon, veneers, fibers, sandalwood products, sandal oil, particle boards, rubber products, cashew nuts, cocoa, matches and such other products of every description and to deal as traders, merchants, importers and exporters.
  5. To establish and run factories for the production of fodder pellets, agave fibers, essential oils and such other processing and manufacturing units, using other kinds of Minor Forest Produce.
  6. To promote companies, firms, establishments concerns or undertakings for the purpose of development of industries, based on forest produce and to assist and finance any individual firm of company, with capital, loan, credit and resources.
  7. To take over, develop and manage government or private factories farms, estates, gardens, forests, plantations and other establishments or concerns, manufacturing any forest, agricultural or animal products or by products.
  8. To encourage, assist and finance the formation of Forest Labour Co-operative Societies Conducive to the interests of the company.
  9. To acquire and to develop land as a lease for various forest industries.
  10. ANCILLARY OBJECTS
  • The liability of the member is limited.
  • The share capital of the company is Rs.200,00,000(Rupees Two crores) divided into 20,000 (Twenty thousand) equity shares of Rs.1,000 (Rupees One thousand) each.

We the several persons whose names and addresses are subscribed below are desirous of being formed into a company in pursuance of this Memorandum of Association and we respectively agree to take the number equity shares in the capital of the company set opposite our respective names.

 

Last Updated: 20-02-2020 03:28 PM Updated By: Admin


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