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The expression ‘Small Industry’ appearing in these clauses means an industrial undertaking, as defined in the relevant Notification issued by the Government of India from time to time.

And it is hereby declared that, in the interpretation of this clause the powers conferred Company by any paragraph herein shall not be restricted by reference to any other paragraph the name of the Company, or by the juxtaposition of two or more objects, and that, in the event of any ambiguity this clause and every paragraph hereof shall be construed in such a way as to widen, and not to restrict, the powers of the Company.

IV The liability of the members is limited.

V The capital of the Company is Rs.30 Crores divided into 30,00,000 equity shares of Rs.100 each with power to issue any of the shares in the capital, original or increased with or subject to any preferential, special, or qualified rights or conditions, as regards dividends, repayment of capital, voting or otherwise.

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

Names and addresses and description of subscribers No of shares taken by each subscriber Signature
1. Sri G.Mathias I.A & A.S Secretary to the Governor of Mysore, Finance department, for and on behalf of the Governor of Mysore 9,998 For Governor of Mysore (Sd.) G.Mathias, Secretary Finance Department.
2. Sri. G.Mathias I.A & A.S Secretary, Finance Department Government of Mysore 1 For Governor of Mysore (Sd.) G.Mathias, Secretary Finance Department.
3. Sri. B.M. Abubaker, I.A.S., Commerce and Industries, Government of Mysore 1 (sd.) B.M.Abubaker, 26th April 1960. Commerce and Industry Secretary of Government