GOVERNMENT OF INDIA
MINISTRY OF INDUSTRY
LAW, JUSTICE AND COMPANY AFFAIRS
Ph. 291782, 291791, 291769

Department of Company Affairs

 OFFICE OF THE REGIONAL DIRECTOR (NB)
1-/499-B, ALLENGANJ, Post Box No.137
KANPUR 208 002

LICENCE UNDER SECTION 25 OF THE COMPANIES ACT, 1956

Whereas it has been proved to my satisfaction that “NATIONAL CENTRE FOR TRADE IFNORAMTION” an association is to be registered as a company under the Companies Act, 1956 for promoting objects of the nature specified in section 25, Sub-section (1), Clause (a) of the said Act, and that is intends to apply its profits, if any, or other income in promoting its objects and to prohibit the payment of any dividends to its members.

Now, therefore, in exercise of the powers conferred by Section 25 of the said Act, read with Notification of Govt. of India, Ministry of Industry and Company Affairs, Department of Company Affairs No. G.S. R. 506 (E) dated 24^th June, 1985, I the Regional Director of the Company Law Board at Kanpur, hereby grant this Licence, directing that the said association be registered as a company with limited liability without the addition of the word “Limited” or the words “Private Limited” to its name, subject to the following conditions, as namely:-

1. That the said company shall in all respect be subject to and governed by the conditions and provisions contained in its Memorandum of Association.

2. That the income and property of the said company whensoever drived, shall be applied solely for the promotion of the objects as set forth in its memorandum of Association and that no portion thereof shall be paid or transferred, directly or indirectly by way of dividend, bonus, or otherwise by way of profit, to persons who at any time are or have been members of the said company or to any of them or to any person claiming through any one or more of them.

3. That no remuneration or other benefit in money or money’s worth shall be given by the company to any of its members, whether officers or servants of the company or not, except payment of out of pocket expenses, reasonable and proper interest on money lent or reasonable and proper rent on premises let to the company.

4. That no member shall be appointed to any office under the company which is remunerated by salary, fees, or in any other manner not excepted by clause (5).

5. That nothing in this clause shall prevent, the payment by the company in good faith or reasonable and proper remuneration to any of its officers or servants (not being members), in return for any services actually rendered to the company.

6. That nothing in clause (3), (4) and (5) shall prevent the payment by the company in good faith with the previous approval of the Central Government, of reasonable and proper remuneration to any of its members in return for any services (not being services of a kind which are required to be rendered by a member) actually rendered to the company.

7. That no alteration shall be made to the Memorandum of Association or to the Articles of Association of the company, which are for the time being in force, unless the alteration has been previously submitted to and approved by the Central Government.

8. That this Licence shall be liable  to  the  revoked  in the event of violation of any of the aforesaid conditions or any of the conditions and provisions contained in the Memorandum of Association of the said company in accordance with the provisions of section 25 of the Companies Act, 1956.