 

(b) Resignation, Casual Vacancy and Removal etc., of Cost Auditors shall be
governed by the provisions of the Act.

 

(6)

(a) The Board shall appoint Internal Auditors to conduct internal audit of the
functions and activities of the Company in accordance with the provisions of the
Act and fix their terms of appointment [Section 138].

(b) Resignation, Casual Vacancy and Removal etc, of Cost Auditors shall be
governed by the provisions of the Act.

Internal Auditor

 

SERVICE OF DOCUMENTS AND NOTICE ON THE COMPANY

 

34

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 or by way of any electronic
transmission, as prescribed in section 20 of the act and Applicable Law made
thereunder.

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 document or notices should be sent to him by registered post
with or without acknowledgement 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 to 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 id posted and in any other case at the time at which the letter would
be delivered in the ordinary course of post.

Service of
Documents And
Notice

 

WINDING UP

 

35

The Company may be wound up in accordance with the provisions of the Act.

Winding up of
Company

 

SECRECY

 

36

M

Subject to the provisions of the Act, no Member shall be entitled to visit or inspect
any work of the Company without the permission of the Board of Directors, Managing
Directors or Secretary or to require inspection of any books of accounts or documents
of the Company or any discovery of any information or any detail of the Company's
business or any other matter, which is or may be in the nature of a trade secret, mystery
of secret process or which may relate to the conduct of the business of the Company
and which in the opinion of the Board or the Managing Director will be inexpedient
in the collective interests of the Members of the Company to communicate to the
public or any Member.

Duty of Directors

 

2)

Every Director, Manager, Secretary, Key managerial personnel, Auditor, Trustee,
Member of Committee, officer, servant, agent, accountant or other person employed
in the business of the Company will be upon entering his duties pledging himself to
observe strict secrecy in respect of all matters of the Company including all transaction
with customers, state of accounts with individual and other matters relating thereto
and to not reveal any of the matters which may come to his knowledge in the discharge
of his duties except when required so to do by the Directors or by any meeting or by
a court of Law and except so far as may be necessary in order to comply with any of
the provisions in these Articles and the provisions of the Act.

Duty to maintain
confidentiality

 

 

(3)

 

No share holder or other person, not being a director shall be entitled to enter into the
premises or the properties of the company, or to inspect the company's premises or
properties or books of account of the company except to the extent authorised by the
Act and subject to such restrictions as the company in General Meeting or the Board
may impose in this behalf from time to time. No person shall be entitled to require
disclosure of any information respecting any details in the nature of a trade secret,
mystery of trade or process or of any matter whatsoever which, in the opinion of the
Board or the Managing Director of the Company would be inexpedient to
communicate.

 

Restriction on
right of members

 

 

INDEMNITY AND INSURANCE

 

396

 
