(THE COMPANIES ACT, 2013)

SCHEDULE I
TABLE -A

MEMORANDUM OF ASSOCIATION
OF

JANSURAKSHA (INDIA) NIDHI LIMITED

(A COMPANY LIMITED BY SHARES)
I.
II.
III .

The name of the company is JANSURAKSHA (INDIA) NIDHI LIMITED.

The registered office of the company will be situated in the State of UTTER PRADESH.
(a) The objects to be pursued by the company on its incorporation are:
1. To encourage and afford all facilities for cultivating thrift ,saving habits and to render all
financial assistance to its member only by receiving long and short term deposits and in
particular recurring ,fixed and other deposits, not being current account s from the members as
are allowed by law for Nidhi or Mutual Benefits Companies . The company shall also not
carry on chit fund business, insurance business, hire purchase finance business and business of
trading in share and securities.
2. To lend, grant loans to the shareholders or members only as against securities of immovable
properties and/ or on the security of deposits, movable such as gold, silver, jewellery, Kisan
Vikas Patra, National Saving Certificates Scheme, insurance policies and other Government
securities up on such terms and condition as may from time to time prescribed in law for
Nidhi or Mutual Benefits Companies.
(b) Matters which are necessary for furtherance of the objects specified in clause 3(a) are:
1. To make and alter the rules as may be determined from time to time by the board of
directors for carrying on the business of the company more profitably and efficiently.
2. To remunerate any person or persons or company for any service rendered or to be rendered
in or about the formation, or promotion of the company or the conduct of its business.
3. To pay out the capital of the company or otherwise all expenses incurred in connection with
the formation and registration of the company.
4. To open current or deposit accounts with any bank or bankers and to pay money into and
draw money from such accounts. To open or deposit accounts with any bank or banks and to
pay money into and draw money from such accounts and to open branches anywhere in India.
1

5. To purchase or otherwise acquire lands and building or to construct buildings, hold,

maintain, improve, demolish, reconstruct and dispose in such manner as the company may
deem fit for the purpose of the company.
6. To enter into agreement with the Government State or Municipal or any local authority and
to obtain any advantage for the company.
7. To indemnify members, officers, directors and other staff of the company against
proceedings, costs, claims and demands in respect of anything done or ordered to be done by
them for and in the interest of the company.
8. To pay, satisfy or compromise claims made against the company which it may be necessary
or deem expedient to pay, satisfy or compromise.
9. To invest and deal with the monies of the company not immediately required in such
manner as may from time to time seem expedient and be determined.
10. To draw make, accept, endorse, discount, execute and issue promissory notes, bills of
exchange, warrants, debentures and any other negotiable or transferable instruments and to
open letter of credit for indigenous and overseas business of the company.
11. To do all event and every things necessary, suitable, proper for the accomplishment of any
of the purposes for the attainment of any of the main objects of the Company either as
principals, agents, contractors or otherwise alone or in conjunction with others.
IV.

The liability of the member(s) is limited and this liability is limited to the amount unpaid, if
any, on the shares held by them.

V.

The Authorised Share Capital of the Company is Rs. 12,00,000/-( Rupees Twelve Lacs)
divided into 1,20,000 (One Lac Twenty thousands) Equity shares of Rs. 10/-( Rupees Ten)
each.