how to incorporate a new transport company

8/6/2019 How to Incorporate a New Transport Company

1/45

Term Paper of CBL

On

HOW TO INCORPORATE A NEW

TRANSPORT COMPANY

Submittedto Lovely Professional University

Submitted To: Submitted by:

Mr.R.S DEOL MOHD.ASHAD

Deptt. of Management RT1901 B-43

10901750

MBA 1st Sam

OTHER GROUP MEMBER

VIJAYDEEP B-44

MAN

OJ JOSHI B-45


2/45

ACKNOWLEDGEMENT

I feel immense pleasure to give the credit of my term paper not only one

individual as this work is integrated effort of all those who concerned with

it. I want to owe my thanks to all those individuals who guided me to

move on the track.

This report entitled how to open a new transport company and to do

business with other companies.

I sincerely express my gratitude and lot of thanks to Mr. R.S.DEOL for

helping me in completing my term paper and give me ideas for doing my

job and making it a great success.

I would like to express my deep sense of gratitude to staff ofLOVELY

INSTITUTE OF MANAGEMENT who introduced me to the subject and

under whose guidance I am able to complete my project.


3/45

PREFECE

AS MBA Degree requires equal attention practical as well as theoretical

aspect of the business, various problems are to be dealt within these

courses, that is why research programs are there to give deep as well as

through knowledge of the subjects.

I have attempted to live up these requisites while preparing this term

paper. It is part of professional courses. With the help of term paper we

can able to understand the deep knowledge about the specific topic

assign to us.

It is hoped that this report meets the given expectations and various

requirement of the research.


4/45

INTRODUCTION

A company is an association of a number of persons, formed for some

common purpose and registered according to the law relating to

companies. Section 3(1)(i) of the Companies Act, 1956 states that a

company means, a company formed and registered under this Act or an

existing company.

A company, formed and registered under the Company Act, is

regarded by law as a single person, having specified rights and

obligations. The law confers on a company a distinct legal personality,

with perpetual succession and a common seal.

OBJECTIVE

The objective of this project is to give an idea, and implement the

application of the Corporate Business Law being practiced and its impact

on daily operations of the Business in respect of the Contract act.

In this project I have worked on how to start a new public transport

limited company, hypothetically specifying its name, registration

procedure in detail, the objectives, and legal formalities needed for

forming a company. According to the nature of the business, I have also

have to make an offer and enter into different contracts with any 2 other

groups through invitation following all the essential elements as

stipulated under the contract act 1872.

CONDITIONS FOR FORMATION OF A COMPANY

For formation of a company following steps must be taken:

1. The Memo and the Article must be prepared. These two documentsmust be filed when the application is made for the registration and

incorporation of the company. The Companies Act lays down rules


5/45

regarding the preparation of the memorandum. Schedule I to theAct of 1956 contains four model forms for use in different cases.

2. If it is proposed to have a paid up capital of more than Rs 3 crores,sanction of the central Government must be obtained under the

capital issue (Control) Act, 1956.

3. If the company to be formed intends to participate in an industrywhich is included in the scheduled annexed to the industries(Development and Regulation) Act, 1951, a license must beobtained under the Act.

4. The company must be registered in accordance with the provision ofthe companies Act , 1956 and a certificate of incorporation must beobtained.

5. The prospectus or the statement in lieu of prospectus must beissued and registered with the registrar.

6. The minimum subscription must be raised and therefore theallotment of shares must be made.

7. The certificate for the commencement of business must be obtainedfrom the Registrar.

PROCESS OF REGISTRATION

The following documents with the necessary fees for the registration of

the company, must be submitted to the registrar of companies of the

state in which the registered office of the company will be situated-Sec

33.

1. Memorandum of Association, prepared in accordance with provisionof the Companies Act, and signed by the least 7 persons in the caseof public companies and 2 persons in the case of private companies.

2. The Articles of Association, in case of unlimited companies,companies limited by guarantee and private companies limited byshares.

3. A declaration by any of the following persons, stating that all therequirements of the act have been compiled with an advocate, anattorney a pleader, a chartered accountant, or a person named in

the articles as director, manager, or secretary of the company.


6/45

4. The duly signed list of persons have consented to be directors ofthe company, their consent in writing and the signed agreementwith every such director to take the number of shares required toqualify as directors of the company. These are not required in thecase of private companies and the companies not having a share

capital.

5. The registration fees of a company is fixed on the graduated scaleon the amount of nominal capital or the number of members. Thereis also a filing fee per document.

If the Registrar is satisfied that all the required documents ofthe act have been compiled with, he will register the company andissue a certificate called the Certificate of Incorporation.

DOCUMENTS TO BE FILED WITH REGISTRAR

Before a company is registered,it is essential to escertain from the

registrar of companies(from the state in which in which the registered

office of the company is situate)if the proposed name of the company is

approved.then the following document duly stamped together with the

necessary fees are to be filled with the registrar:

1.The Memorandum of Association duly signed by the subscribers.

2. The Article of Association ,if any,signed by the subscribers to the

Memorandom of Association .A public company limited by the shares neednot have its own Article of Association.

3.The agreement,if any which the company propose to ented into with any

individual for appointment as its managing or whole time director or

manager.

4.A list of the director who have agreed to became the first director of the

company.

5.A declaration stating that all the requirements of the Companies Act and

other formalities relating to registration have been complied with .Such

declaration shall be signed by any of the following person.-

(a)an Advocate of the supreme court or of a high court.

(b)an attorney or a pleader entitled to appear before a high court.

(c)a secretary or a charted accountant in whole time practice in india ,who

is engaged in the formation of the company

(d)a person name in the Article as a director manager or secratery of hecompany


7/45

Then with in 30 days of the date of incorporation of the

company.a notice of the situation of the registred office of the company

shall be given to the registrar who shall record the same (sec.146).

MEMORANDUM OF ASSOCIATION

1.Name Clause: Jayshree Transport Limited.

2.Registered Office Clause: 10 -12 vijay block,Modeltown,jalandhar

3.Object Clause:

i) Main Object: Transport fecilities.

ii) Other Objects: give vehicles on Lease .Public

Transport, carriage transport, export ,import.

4.Area of Operation : Uttaranchal, Uttar Pradesh, Delhi,Haryana, Himachal Pradesh.

5. Liability Clause- Limited by shares .Jayshree transportlimited.

6.Capital Clause: Rs 2000,000,000(Rupees Two Hundred Croreonly)

7.Association and Subscription Clause : Mr. Vijay, Mr.Ashad, Mr. Rajesh, Mr. Deepak.


8/45

ARTICLE OF ASSOCIATION

SHARE CAPITAL AND INCREASE AND REDUCTION OF CAPITAL

The Authorized Share Capital of the company is Rs. 200,00,00,000(Rupees Two hundred Crore only) divided into 20,00,00,000 (TwentyCrore) Equity Shares of Rs. 10 each (Rupees ten only) with powers toincrease or reduce the same in accordance with the provisions of theCompanies Act, 1956..

Allotment otherwise than for cashSubject to the provisions of the Act and these Articles, the Directors may

allot and issue shares in the capital of the Company as payment or part-payment for any property or assets of any kind whatsoever, sold or to besold or transferred or to be transferred or for goods or machinery suppliedor to be supplied or for services rendered or to berendered or for technical assistance or know-how made or to be madeavailable to the Company or the conduct of its business and shares whichmay be so allotted may be issued as fully or partly paid-up otherwise thanin cash and if so issued, shall be deemed to be fully or partly paid as thecase may be.

SHARES AND CERTIFICATES

.Shares at the disposal of the Directors: Subject to the provisions ofthese Articles and the Act, the shares in the capital of the Company forthe time being (including any shares forming part of any increased capitalof the Company) shall be under the control of the Directors who mayissue, allot or otherwise dispose of the same or any one of them to suchpersons in such proportion and on such terms and conditions. The sharescan be issued at a discount and at such times as they may from time totime think fit and proper and with the sanction of the Company in GeneralMeeting to give to any person the option to call for or allotted shares ofany class of the Company either at par or at premium or subject asaforesaid at a discount during such time and for such consideration andsuch option being exercisable at such times as the Directors think fit; andany shares which may be so allotted may be issued as fully paid-up sharesand if so issued shall be deemed to be fully paid-up shares. The Boardshall cause to be filed the returns as to allotment provided for in Section75 of the Act.Shares to be numbered progressively and no Shares are to besub-divided. The shares in the capital shall be numbered progressivelyaccording to their several denominations and except in the mannerhereinbefore mentioned no share shall be sub-divided

Share Certificate


9/45

The share certificates shall be issued in market lots and where sharecertificates are issued in either more or less than market lots, sub-division or consolidation of share certificates into market lots shall bedone free of charge.Directors may sign a share certificate by affixing their signature thereon

by means of any machine, equipment or other mechanical means, such asengraving in metal or lithography, but not by means of a rubber stamp,provided that the Director shall be responsible for the safe custody ofsuch machine, equipment or other material used for the purpose.

Renewal of share certificateNo fee shall be charged for issue of new share certificates in replacementof those which are old, decrepit, worn out. If a share certificate is lost ordestroyed, a new certificate in lieu thereof shall be issued only with theprior consent of the Board and on payment of such fee, not exceeding

Rupees two as the Board may from time to time fix, and on such terms, ifany, as to evidence and indemnity as to payment of such out-of-pocketexpenses incurred by the Company in investigating evidence, as theBoard thinks fit. When a new share certificate has been issued inpursuance of Clause (c) of this Article, it shall state on the face of it andagainst the stub or counterfoil to the effect that it is a duplicate issued inlieu of share certificate No_________. The word duplicate shall bestamped or punched in bold letters across the face of the sharecertificate.

CALLS

Directors may from time to time, subject to the terms on which any sharesmay have been issued and subject to the conditions of allotment, by aresolution passed at a meeting of the Board (and not by circularresolution) make such calls as it thinks fit upon the Members in respect ofall monies unpaid on the shares held by them respectively and eachmember shall pay the amount of every call so made on him to the personor persons and at the time and place appointed by the Board. A call maybe made payable by installments.

Notice of calls

Thirty days notice in writing of any call shall be given by the Companyspecifying the time and place of payment, and the person or persons towhom such calls shall be made.

FORFEITURE AND SURRENDER OF AND LIEN ON SHARES

If money payable on share not paid notice to be given to Members.

If any Member fails to pay any call or installment of call on or before theday appointed for the payment of the same or any such extension thereofas aforesaid, the Board may, at any time thereafter, during such time asthe call or installment remains unpaid, give notice to him requiring him to

pay the same together with any interest that may have accrued and all


10/45

expenses that may have been incurred by the Company by reason of suchnon-payment

Notice of forfeitureWhen any share shall have been so forfeited, notice of the forfeiture shall

be given to the Member in whose name it stood immediately prior to theforfeiture or to any of his legal representatives, or to any of the personsentitled to the shares by transmission and an entry of the forfeiture, withthe date thereof, shall forthwith be made in the Register of Members butno forfeiture, shall be in any manner invalidated by any omission orneglect to give such notice or to make such entry as aforesaid. Forfeitedshares to become property of the Company and may be sold, etc. Anyshare so forfeited shall be deemed to be the property of the Company andmay be sold, re-allotted or otherwise disposed of, either to the originalholder thereof or to any other person, upon such terms and in suchmanner as the Board shall think fit..

Members still liable to pay money due notwithstanding theforfeitureAny member whose shares have been forfeited shall, notwithstanding theforfeiture, be liable to pay, and shall forthwith pay to the Company ondemand all calls, amounts, instalments, interest and expenses owing uponor in respect of such shares at the time of the forfeiture, together withinterest thereon from the time of the forfeiture until payment, at such rateas the Board may determine and the Board may enforce the paymentthereof if it thinks fit.

Effect of forfeiture

The forfeiture of a share shall involve extinction, at the time of theforfeiture, of all interest in and of all claims and demands against theCompany, in respect of the share, and all other rights incidental to theshare, except only such of those rights as by these Articles are expresslysaved.

Cancellation of share certificate in respect of forfeited shares

Upon any sale, re-allotment or other disposal under the provisions of thepreceding Articles, the certificate or certificates originally issued inrespect of the relative shares shall (unless the same shall on demand bythe Company have been previously surrendered to it by the defaultingMember) stand cancelled and become null and void and of no effect, andthe Directors shall be entitled to issue a new certificate or certificates inrespect of the said shares to the person or persons entitled thereto.

TRANSFER AND TRANSMISSION OF SHARES

Form of transfer


11/45

Shares in the Company shall be transferred by an instrument in writing insuch form as prescribed under Section 108 of the Companies Act, 1956, orunder rules made there under from time to time.

Register of Transfers

The company shall keep a Register of Transfers and shall have recordedtherein fairly and distinctly particulars of every transfer or transmission ofany share held in material form.

BORROWING POWERS

The payment or repayment of borrowed moneyThe payment or repayment of moneys borrowed as aforesaid may besecured in such manner and upon such terms and conditions in allrespects as the Board may think fit.

Power to BorrowSubject to the provisions of Sections 58A, 292 and 293 of the Act and ofthese Articles, the Board may, from time to time at its discretion, by aresolution passed at a Meeting of the Board accept deposits fromMembers, either in advance of call or otherwise, and generally raise orborrow or secure the payment of any sum or sums of money for thepurposes of the company provided however, where the moneys to beborrowed together with the moneys already borrowed exceed theaggregate of the paid up capital of the Company and its free reserves theBoard shall not borrow such moneys without the consent of the Company

in General Meeting.

Terms of issue of debenturesAny debentures, debenture-stock or other securities may be issued at adiscount, premium or otherwise and maybe issued on condition that theyor any part of them shall be convertible into shares of any denomination,and with any privileges and conditions as to redemption, surrender,drawing, allotment of shares and attending General Meetings,appointment of Directors and otherwise. Debentures with a right toconversion or allotment of shares shall be issued only with the consent of

the Company in General Meeting.

SHARE WARRANT

Deposit of share warrantThe bearer of a share warrant may at any time deposit the warrant at theoffice of the Company, and so long asthe warrant remains so deposited,the depositor shall have the same right of signing a requisition for callinga meeting of the Company, and of attending, and voting and exercisingthe other privileges of a Member at anymeeting held after the expiry oftwo clear days from the time of deposit as if his name were inserted in the

Register of Members as the holder of the share included in the depositedwarrant.


12/45

The bearer of a share warrant shall be entitled in all other respects to thesame privileges and advantages as if he was named in the Register ofMembers as the holder of the share included in the warrant, and shall be aMember of the Company.

Power to issue share warrantsThe Company may issue share warrants subject to, and in accordance

with the provisions of sections 114 and 115, and accordingly the Boardmay in its discretion, with respect to any share which is fully paid-up onapplication in writing signed by the persons registered as holder of theshare, and authenticated, by such evidence (if any) as the Board may,from time to time, require as to the identity of the person signing theapplication, and on receiving the certificate (if any) of the share, and theamount of the stamp duty on the warrant and such fee as the Board mayfrom time to time require, issue a share warrant.

MEMBERS MEETINGS

Annual General MeetingAnnual General Meeting of the company may be convened subject toSection 166 and Section 210 of the Act bygiving not less than 21 days notice in writing. Subject to the provisions ofSection 171 (2) a meeting may be convened after giving a shorter notice.

Voting rights

Number of votes to which member entitledSubject to the provisions of these Articles and without prejudice to anyspecial privileges or restrictions as to voting for the time being attached toany class of shares for the time being forming part of the capital of theCompany, every member, not disqualified by the last preceding Articleshall be entitled to be present and to speak and vote at such meeting, andon a show of hands every member present in person shall have one voteand upon a poll the voting rights of every member whether present inperson or by proxy, shall be in proportion to his share of the paid-upequity capital of the Company.

DIRECTORSNumber of DirectorsUntil otherwise determined by the company in a General Meeting andsubject to the provisions of Section 252 of the Act, the number of directors(excluding Debenture Directors and Directors appointed under Article 111hereof and Alternate Directors) shall not be less than three nor more thanEighteen.The Board may appoint, from time to time, one or more of their members

to be the Managing Director or JointManaging Director or Wholetime Director or Deputy Managing Director or

Manager of the Company on such terms and on such remuneration


13/45

whether by way of salary or commission, or partly in one and partly inanother as they may think fit

Appointment of special DirectorsOn behalf of the Company, whenever Directors enter into a contract with

any Government, Central, State or Local, any Bank or Financial institutionor any person or persons (hereinafter referred to as the appointer) forborrowing any money or for providing any guarantee or security or fortechnical collaboration or assistance or for underwriting or entering intoany other arrangement whatsoever the Directors shall have, subject tothe provisions of Section 255 of the Act, the power to agree that suchappointer shall have right to appoint or nominate by notice in writingaddressed to the Company one or more Directors on the Board for suchperiod and upon such conditions as may be mentioned in the agreementand that such Director or Directors may not be liable to retire by rotation

nor be required to hold any qualification shares.

Removal of Directors:The Company may (subject to the provisions of Section 284 of the Act)remove any Director before the expiration of his period of office andappoint another person in his stead.

Audit-.

Board ReportThere shall be attached to every such balance sheet a report of the Board

as to the state of the Companys affairs and as to the amounts, if any,which it proposes to carry to any reserves in such balance sheet and theamount, if any, which it recommends should be paid by way of dividend;and material changes and commitments, if any, affecting the financialposition of the Company which have occurred between the end of thefinancial year of the company to which the balance sheet relates and thedate of the report. The Boards report shall so far as is material for theappreciation of the state of the Companys affairs by its members and willnot in the Boards opinion be harmful to the business of the company orany of its subsidiaries, deal with any changes which have occurred during

the financial year in the nature of the Companys business, in theCompanys subsidiaries or in the nature of the business carried on bythem and generally in the classes of business in which the company hasan interest and any other information as may be required by Section 217of the Act.WINDING UPDistribution of AssetsThe Liquidator on any winding up (whether voluntary and supervision orcompulsory) may with the sanction of a Special Resolution, but subject tothe rights attached to any preference share capital, divide among the

contributories in specie any part of the assets of the Company and may,with the like sanction, vest any part of the assets of the Company in


14/45

trustees upon such trusts for the benefit of the contributors, as theliquidator, with the like sanction shall think fit.

REGISTRATION OF THE COMPANY WITH THE REGISTRAR i.e ROC :

1. SELECTION OF A NAME :

We have to select, in order of preference, at least one suitable name upto a

maximum of six names, indicative of the main objects of the company. The following

are the names which we want to name our bank:

1. Jayshree Transport Limited.

2.M.J transportLimited.3.Vijay transportLimited.4.Arshad transportLimited.5.Josh transport Limited.6.Singh transport Limited.

We have to ensure that the name does not resemble the name of any other already

registered bank or company and also does not violate the provisions of emblems and

names (Prevention of Improper Use Act, 1950) by availing the services of checking

name availability on the portal.

2. APPLICATION OF THE NAME:

We have then applied tothe concerned RoC to check the availability of name in

eForm1 A .

(sections 20 and 21 of the Companies Act, 1956] by logging in to theportal. A fee of Rs. 500/- has to be paid alongside and the digital signature of the

applicant proposing the company has to be attached in the form. If proposed name is

not available, the user has apply for a fresh name on the same application. Form 1A is

attached and filled.

Application form for availability or change of name

FORM 1A (Pursuant to sections 20 &21 of the companies

act 1956)

1. *Application for

Incorporating a new company


15/45

Part A : Availability of name

2. Details of applicant

a) Director identification number or Income tax

account number or passport number- AEMNH3887H

b) Name- MANOJ JOSHI

c)Occupation- BUSINESS

d)Address- charayal hari pur nayak ,nainital.

e) City- Haldwani

f) State- Uttaranchal

g) Pin code- 263139

h) Phone- 9023203551

(i) *e-mail ID- [email protected]

3.(a) *Type of company - New Company(others) Section 25

(b). *State whether the proposed company is public or private Public

Private- public

(c). *State the category of proposed company- company limited by shares

(d). *State the sub-category of proposed company- Indian non

government company

4. *Whether the proposed company is - Having share capital yes

5. *Name of the state in which the proposed company is to be registered-

Punjab

6. *Name of office of the Registrar of Companies in which the proposedcompany is to be registered-

Registrar of companies, Punjab

7. Details of promoters (proposed first subscribers to Memorandum of

association (MoA))

*Enter the number of promoters (proposed first subscribers to MoA)

*Category

*DIN or Income-tax PAN or passport number or corporate


16/45

identity number (CIN) or foreign company registration

number (FCRN) or any other registration number

*Name

I.

*DIN or Income-tax PAN or passport number or corporate

identity number (CIN) or foreign company registration

number (FCRN) or any other registration number

*Name

II. *Category

8. Proposed name of the company (Please give 6 names in order of

preference)

(a). Jayshree Transport Limited

(b). M.J transportLimited

(c). Vijay transportLimited

(d). Arshad transportLimited

(e). Josh transport Limited

(f). Singh transport Limited.

9. State the significance of the key or coined word(s), if any, in the

proposed name(s) (in brief)

(f).

(e).

(d).

(a).*

(c).

(b).

10.*Main objects of the proposed company to be included in its MoA (If the

objects include banking, stock exchange, mutual


17/45

fund etc., a copy of the in-principle approval of the appropriate authority

should be enclosed)

11. *Whether the proposed name(s) is in consonance with the main

objects - Yes

12(a) *Whether the proposed name(s) are based on a registered trade

mark or is the subject matter of an application pending for registration

under the trade marks Act- Yes No

(b) If yes,furnish particulars of trade mark or application

13.(a)Proposed authorised capital (in Rs.)- 2000,000,000

(b) Proposed authorised capital (in words)- Two Hundred Crore .

14. *Particulars of proposed director(s) (specify information of twodirectors in case the proposed company is a private company or specify

information of three directors in case the proposed company is a public

company or specify information of five directors in case the proposed

company is a producer company)

1. *DIN-

Name

Father's Name

Present residential address

Passport number

Date of birth (DD/MM/YYYY)

Income-tax PAN

Voter identity card number

Nationality

2. *DIN

Name

Father's Name

Present residential address

Passport number

Date of birth (DD/MM/YYYY)


18/45

Income-tax PAN

Voter identity card number

Nationality

.(b) Global location number (GLN) of company

Part B: In case of change of name

15.(a) *CIN of company

(b). *Reasons for change in name (in case of yes above, mention

proposed main objects of the company)

(b) Address of the

registered office

of the company

16.(a) Name of the company

Attachments

1.In case of change of name of an existing company, a copy of Board

resolution

2. Trademark or authorisation to use trade mark, if the name of the

company is based on

trade mark or application for deed of assignment

3. If change is due to a direction received from the Central Government,

then a copy of such

direction

4. Optional attachment(s) - if any

(c) *e-mail ID of the company

(e) Present authorised capital (in words)

17.(a) *Whether the change in name requires change in main objects of

the company Yes No

(d) Present authorised capital (in Rs.)

(f) Maximum number of members

Page 5 of 5


19/45

For office use only:

Digital signature of the authorising officer

This e-Form is hereby approved

This e-Form is hereby rejected

To be digitally signed by

Applicant or managing director or director or manager or secretary of the

company

Verification

To the best of my knowledge and belief, the information given in this

application and its attachments is correct and complete, and

the proposed name does not infringe the trademark rights of any entity or

person.

I have gone through the provisions of the Companies Act, 1956, the rules

and guidelines framed there under in respect

of availability of name.

I am a promoter (proposed first subscriber to the MoA) and I am also

authorised by the other proposed first subscribers to sign

and submit this application.

I have been authorised by the Board of directors' resolution number dated

(DD/MM/YYYY)

to sign and submit this application.

*DIN or Income-tax PAN or passport number of the applicant; or

DIN of the director or Managing Director; or

Income-tax PAN of the manager; or

Membership number, if applicable or income-tax PAN of the secretary

(secretary of a

company who is not a member of ICSI, may quote his/ her income-tax

PAN)

*Designation


20/45

3. GRANTING OF THE NAME BY THE R.O.C.:

The first name, Jayshree Transport Limited is assumed to have been selected and

the letter of incorporation has been received.

4. FILLING OF THE FORM TO GET THE COMPANY REGISTERED:

The form is filled giving the following information:

a) The application is for opening a new transport company, Jayshree Transport Limited.

b) The main object of the company is Transport.

c) The Category of the Proposed company is a company limited by shares.

d) The proposed company is a Public company.

e) The state will be registered in the state of Punjab

f) The company is having Share Capital.

g) Proposed authorized capital is Rs 2000,000,000 (Two Hundred Crore Only)

h) The number of promoters is 5.

Along with the form we have to arrange for the drafting of the memorandum and

articles of association by the solicitors, vetting of the same by RoC and printing of the

same. The memorandum and article must be arranged for stamping of the

memorandum and articles with the appropriate stamp duty.

We have to get the Memorandum and the Articles signed by at least two subscribers

in own hand, father's name, occupation, address and the number of shares subscribed

for and witnessed by at least one person.

We have to ensure that the Memorandum and Article is dated on a date after the date

of stamping.

Login to the portal and fill the following forms and attach the mandatory documents

listed in the Form :

1 ) Declaration of compliance - Form-1

2) Notice of situation of registered office of the company - Form-18.


21/45

3) Particulars of the Director's, Manager or Secretary - Form-32.

We have to submit the following eForms after attaching the digital signature, pay the

requisite filing and registration fees and send the physical copy of Memorandum and

Article of Association to the RoC

After processing of the Form is complete and Corporate Identity is generated obtain

Certificate of Incorporation from RoC.

FORM NO. 1

Registration No. of Company ..12345........ Nominal Capital : Rs. 2000,000,000................

THE COMPANIES ACT, 1956

Declaration of compliance with the requirements of the Companies Act, 1956

on application for registration of a company

[Pursuant to section 33(2)]

Name of Company Jayshree Transport Limited

Limited/Private Limited

Presented by..Manoj joshi

I, Manoj joshi ., of Jayshree Transport Limited

do solemnly and sincerely

Declare that I am [1] Chairman who is engaged in the formation of

the company, or a person

Named in the articles as a director/manager/secretary of theLimited/Private Jayshree Transport Limited.


22/45

And that all the requirements of the Companies Act, 1956, and the rules thereunder

in respect of matters precedent to the registration of the said company and incidental

thereto have been complied with.

And make this solemn declaration conscientiously believing the same to be

true.

Date 30 Nov manoj joshi

Place Jalandhar Signature

Witness-

Vijay

Ashad Chairman

Designation

1. An advocate of the Supreme Court of the ...................... High Court, an attorneyor a pleader entitled to appear before the ........................... High Court or achartered accountant practising in India.

2. State whether director, manager / secretary /advocate/ chartered account.

FORM NO. 18

Registration No. of the Company-12345 Nominal

Capital: Rs-2000000000


Notice of the situation/change of situation of registered office

[pursuant to section 146]

Name of the company Jayshre Trashport Ltd.


23/45

Notice is hereby given that ----

(a) the registered office of the company is situated -10 -12 vijay

block,Model town,jalandhar

1. .with effect from 31 nov 2009[date]

(b) the situation of the registered office of the company of was changed

from to with effect form .

[date]

2. Situation of registered office falls under the jurisdiction ofJhalandhar

(name of the policestation).*Dated this 30 November 2009 Day Friday

Manoj

Signature

MANOJ JOSHI

Name

(In Block Capitals)

Chairman

Designation

*State address of nearest police station with district and tehsil.

ADDITIONAL STEPS TO BE TAKEN FOR FORMATION OF A

PUBLIC LIMITED COMPANY-

To obtain Commencement of Business Certificate after incorporation of the company

the public company has to make following compliance:

1) File a declaration in Form 20 and attach the statement in lieu of the

prospectus(schedule III) or

2) File a declaration in Form 19 and attach the prospectus (Schedule II) to it.

3) Obtain the Certificate of Commencement of Business.


24/45

1 . D E C L A R A T I O N O F C O M P L I A N C E W I T H T H EP R O V I S I O N S O F S E C T I O N

1 4 9 ( 2 ) ( B ) O F T H E C O M P A N I E S A C T , 1 9 5 6

FORM 20

[Pursuant to section 149(2)(c)

of the Companies Act, 1956]

1.(a) *Corporate identity number (CIN) of company- RT 34567

(b) Global location number (GLN) of company- MF 6879

a director of the company, do solemnly and sincerely declare

the secretary of the company, do solemnly and sincerely declare

a company secretary (in whole-time practice), do solemnly and sincerely

declare

Rs.

Rs.

2.(a) Name of the company- Jayshree Transport Limited

residing at (Present residential address )- -10 -12 vijay block,Model

town,jalandhar

(b) Address of theregistered office

of the company- -10 -12 vijay block,Model town,jalandhar

(c) *e-mail ID of the company- www.jayshree.com

3. *I,

Line II

*Line I


25/45

*City

*Pin code

Note - All fields marked in * are to be mandatorily filled.

*State

*ISO country code

i. *That the amount of the share capital of the company subject to the

payment of the whole amount thereof in cash is

ii. That the company has not issued a prospectus inviting the public to

subscribe for its shares, and that it has filed

with registrar a statement in lieu of prospectus.

iii. *That shares held subject to the payment of the whole amount thereof

in cash have been allotted to the amount of

iv.* That every director of the company has paid to the company on each

of the shares taken or contracted to be

taken by him, and for which he is liable to pay in cash, a proportion equal

to the proportion [payable on

application and allotment on the shares payable in cash], except for the

directors, namely

v. *The statement in paragraphs above are true to my knowledge

and those in the remaining paragraphs are true to the best of my

information and belief.

4. Particulars of payment of stamp duty

*Total amount of stamp paper (in Rs.)

Name of vendor authoritsed to sell stamp papers on

behalf of the Government

Mode of payment of stamp duty

Registration number of vendor

Date of purchase of stamp paper


26/45

Place of purchase of stamp paper

Serial number of stamp paper

(DD/MM/YYYY)

State or Union territory in respect of which stamp duty is paid

To be digitally signed by

Attachments List of attachments

1. *Statement in lieu of prospectus (schedule III)

2. Optional attachment(s) - if any

For office use only:

This e-Form is hereby registered

Digital signature of the authorising officer

Verification

To the best of my knowledge and belief, the information given in this form

and its attachments is correct and complete.

I have been authorised by the Board of directors' resolution number*

dated * (DD/MM/YYYY)

to sign and submit this form.

Type of document/Particulars Form 20

In case of a company secretary(in whole time practice) whether associate

or fellow Associate Fellow

Director or secretary or company secretary (in whole-time practice)

*Director identification number of the director; or

Membership number, if applicable or Income-tax permanent account

number

(income-tax PAN) of the secretary (secretary of a company who is not a

member of ICSI, may quote his/ her income-tax PAN); or

Certificate of practice number of the company secretary (in whole time

practice)


27/45

I further declare that the company has paid correct stamp duty as per

applicable Stamp Act.

FORM NO 29

Registration No. of Company .12345..... Nominal Capital

Rs.2000000000.................


Consent to act as director of a company and/or undertaking to

take and pay for qualification shares

[pursuant to section 264(2)/266(I)(a) and 266(1)(b)(iii)]

Name of company Jayshre Transport Limited ..........................................

Presented by .....ManojJoshi.............................................................................................................

To the Registrar of Companies ...Jalandhar

(PUNJAB)....................................................................

I, the undersigned, hereby testify my consent to act as director of

the .Jayshre Transport limited, .... pursuant to section 264(2)/266(1)(a) of

the Companies Act, 1956 and certify that I have not been disqualified to

act as a director under sections 267 and/or 274 of the Companies Act,

1956.

I, the undersigned having consented to act as director of the

.Jayshre transport Limited, also hereby undertake to take from the said

company and pay for .................... shares of Rs. ................. each, being

the number/value of the shares prescribed as the qualification shares for

the office of director of the said company.

Name and

surname in

full andfathers

Address Occupati

on

Date of

birth

Nationalit

y

Signature


28/45

names

1 2 3 4 5 6

Manoj joshi

Shri M.N

joshi

Jalandhar Business 16-04-86 Indian manoj

Signature ..manoj Joshi.

Designation ...Chairman.

Dated the ...........30 Nov................ day of Friday.......

Notes: (1) Delete the portion not applicable.

(2) If a director signs through his agent authorised in writing, the

authority must be produced

before the Registrar.

(3) In case of undertaking to take and pay for qualification shares,

the from should be

accompanied by the necessary stamp duty.

Particulars of appointment of Managing Director,

directors, manager and secretary and the changes

among them or consent of candidate to act as a

Managing Director or director or manager or secretary

of a company and/ or undertaking to take and pay for

qualification shares

FORM NO. 32


29/45

Registration No. of Compan12345...... Nominal Capital Rs-

2000000000....


Particulars of appointment of directors and manager and changesamong them

[Pursuant to section 303(2)]

Name of Company-Jayshre Transport limited.... Presented by Manoj

joshi....

Note : --- If a company has no particulars to be included in one or

two of the headings A B and C the parts containing those headings (in

respect of which the company has no particulars to be included) need not

be filed.

A. Appointment of and changes among directors.

Name or

names

and

surname

in full

Fathers/

husbands

name

Usual

residentia

l address

Nationalit

y

Date of

appointm

ent or

change

Brief

particular

s of

changes

1 2 3 4 5 6

Mr.Vijay

Mr.Arsad

Mr.Indra

pal

Mr.Azram

Muzaffarn

agar

Muzaffarn

agar

Indian

Indian

1-12-2009

1-12-2009

Notes: (1) A note of changes should be made in column 6 e.g. byinserting against the name of new

director, etc. the words in place of ........................ and by

indicating against the name of the

former director, the cause for the change, e.g. by death,

resignation, retirement by rotation,

disqualification etc.

(2) In case of managing director, his designation should be stated

with his name in columan1.

B. [***]


30/45

C. Appointment of and changes in managership and secretaryship.

Name or

names

and

surname

in full

Fathers/

husbands

name

Usual

residentia

l address

Nationalit

y

Date of

appointm

ent or

change

Brief

particular

s of

changes

1 2 3 4 5 6

Dated the ....30 Nov............................... day Friday.....

Signature ......manoj...joshi.........................

Designation.....Chairman.............................

Notes: (1) For the purposes of this form, particulars of a person appointed

as manager within the

meaning of section 2(24) of the Companies Act, 1956 need be

given.

(2) A note of change as also the cause of change e,g, by death,

resignation, removal,

disqualification, etc. should be stated in column 6.

PROSPECTUS-

we have submitted prospectus to the ROC and it fulfils all the norms andregulation of ROC.This prospectus is for all public

1. General information

Jayshree Transport Company LimitedRegistered Address: 10-12 vijay block,Model town,jalandhar

Administrative Office:43-45 Shiv block,2ndFloor,Punjabi-400614 Tel:27580171, 27580172 Fax : 27580176


31/45

Website: www.jayshri.com

Issue of 25 Unsecured Redeemable Non-Convertible Debentures of theface value of Rs800,000/- each at par aggregating Rs 2 crore

LISTINGThe Unsecured Redeemable Non-Convertible Debentures (NCDs) areproposed to be listed on TheStock Exchange Mumbai (BSE)

Disclaimer Statement from the IssuerShriram Transport accepts no responsibility for statements madeotherwise than in the documentor any other material issued by or at the instance of Shriram Transportand anyone placing relianceon any other source of information would be doing so at his own risk.

Issue of Allotment Letter(s) / Refund Order(s) and Interest In Caseof Delay in DespatchThe Company shall credit the allotted securities to the respectivebeneficiary account indematerialised form. The credit to demat account / refund orders etc. willbe done as per theprevailing statutory / regulatory guidelines.The company shall pay interest as per the provision of Companies Act/ DIP

Guidelines if theallotment has not been made and/or the Refund Orders have not beendispatched to the investorswithin 30 days from the date of the closure of the Issue, for the delaybeyond 30 days.The Company will make available adequate funds for this purpose.Issue ScheduleThe issue schedule is as follows.Date of Opening of the issue 2Dec, 2009Date of Closing of the issue 2Dec, 2009Deemed Date of Allotment 2Dec, 2009

CAPITAL STRUCTURE- (as on 2Dec 2009)Amount (Rs Crore-2000,000,000 )

TERMS OF THE PRESENT ISSUEPrivate placement of 25 Unsecured Redeemable Non-ConvertibleDebentures of the face value of Rs800,000/- each at par aggregating Rs 2 croreThe Debentures being offered are subject to the provisions of the Act, theMemorandum andArticles of Association, the terms of this Information Memorandum,Application Form and other
http://www.jayshri.com/http://www.jayshri.com/


32/45

terms and conditions as may be incorporated in the Trustee Agreement,Letter(s) of Allotmentand/or Debenture Certificate(s). Over and above such terms andconditions, the Debentures shallalso be subject to laws as applicable, guidelines, notifications and

regulations relating to the issueof capital and listing of securities issued from time to time by SEBI/theGovernment of India/RBIand/or other authorities and other documents that may be executed inrespect of the Debentures.Instrument Unsecured, Redeemable, Non-Convertible Debentures

COMPANY AND MANAGEMENTHistoryJayshree Transport Ltd. was incorporated as a Public Limited Company on30thSep 2009, and obtained the Certificate of Commencement of business on9thNov 2009. It wasformed with a view to provide hire purchase and lease finance for themedium and heavycommercial vehicles. The Companys focus was on providing finance toindividual truck operators,rather than large fleet owners. The dearth of finance for these individual

truck operators providedthe Company with an opportunity to venture into this largely untappedsegment.The Company has equityparticipation from associate of Citibank, UTI Bank,Reliance CapitalThe operations of the Company are divided into fourregions. The four regions are further dividedinto 50 divisions

Vision, Mission & Values Helping create wealth.

Empowering people through prosperity. Putting people first.

The Jayshree Group set out with the objective of reaching out to thecommon man with a host ofproducts and services that would be helpful to him in his path toprosperity. Efficiency in operations, integrity and a strong focus oncatering to the needs of the common man, by offering him high qualityand cost-effective products& services, are the values driving the organization. These core values aredeep-rooted within the


33/45

organization and have been strongly adhered to over the decades.The group prides itself on its perfect understanding of the customer. Eachproduct or service istailor-made to perfectly suit the needs of the customer. It is this guidingphilosophy of putting

people first that has brought the Group closer to the grassroots and hasmade it the preferredchoice for all financing requirements amongst the customers.

Promoters & their shareholdingIndividualsCompany is promoted by Mr.Vijay, Mr. Arshad and Mr. A.V. S. Raja.Sri. VijayMr.Vijay, M.A, . ACII, aged 65 years is the main promoter of the group.Over theyears, he has gained vase experience in the Insurance and BankingIndustry and has developed theprofound understanding of the business. He has been private financier ofcommercial vehicles overtwo and half decades. He was also associated with New India AssuranceCompany Ltd in thecapacity of Divisional Manger. He has also been an Insurance Surveyorand Consultant at M/S.Boda & Co., one of the leading insurance broking companies in the privatesector. Shareholding

1633 Shares PAN No - AABPT2693MSri. ArshadSri. Arshad, B.A B.L, aged 51 years is the co-promoter of the group. Hehas been private hirepurchase financier for the last 23 years, a businessman in his own right. Shareholding 73880 Shares PAN No - AAFPJ8248JSri. A.V. S. RajaSri. A.V.S. Raja, aged 63 years, a promoter director of the group has

served as an Officer in IndianRailways before promoting the Shriram Group in 1974. He is a verydynamic marketing man withexceptional public relations skills. Shareholding 1260 Shares PAN No - AAEPR6507R

Main Objects


34/45

The Main Objects of Jayshree Transport limited as per the Memorandum ofAssociation of the Companyare:.

To give transport facilities to the organization with whom we havecontracted. To purchase or otherwise acquire all forms of immovable and movableproperty includingMachinery, Equipment, Motor Vehicles,and to lease or otherwise deal withthem in any mannerwhatsoever including resale thereof, regardless of whether the propertypurchased, andleased be new and/or used. To provide a leasing advisory counseling service to other entities and/orform the leasingarm for other entities Constitute any trust and to subscribe and act as, and to undertake andcarry on the office oroffices and duties of trustees, custodian trustees, executors,administrators, liquidators,receivers, treasures, attorneys, nominees and agents; and to manage thefunds of all kindsof trusts and to render periodic advice on investments, finance taxationand to invest thesefunds from time to time in various forms of investment including shares,

term loans anddebentures etc. To carry on the business as manufacturers, Exporters, Importers,Contractors, Subcontractors,Sellers, Buyers, Lessors or Lessees and Agents for Wind ElectricGeneratorsand turbines, Hydro turbines, Thermal Turbines, Solar modules andcomponents and partsincluding Rotor blades, Braking systems, Tower, Nacelle, Control unit,Generators, etc. andto set up Wind Farms for the company and/or for others either singly or

jointly and also togenerate, acquire by purchase in bulk, accumulate, sell, distribute andsupply electricity andother power (subject to and in accordance with the laws in force from timeto time).

Corporate Governance1. Company's philosophy on Corporate governance:The Company's philosophy on Corporate Governance is aimed at:-(a) enhancing the shareholder value through assisting the top

management in taking soundbusiness decisions prudent financial management.


35/45

(b) achieving transparency and professionalism in all decisions andactivities of the Company (c)achieving excellence in Corporate Governance by conforming to, andexcelling whereverpossible, the prevalent guidelines on Corporate Governance. reviewing

periodically the existingsystems for further improvement.

2. Board of Directors:a) Composition:The Board of the Company as on 31st Nov 2009 consisted of six Directorsfrom varied disciplines.The Company has a Managing Director. The Managing Director managesthe affairs of theCompany under the guidance of the Board of Directors. The Board meetsat regular intervals todiscuss and analyse matters like policy formulation, setting up of goals,appraisal of performancewith the goals and control functions. The powers of the Board have alsobeen sub-delegated to theCommittee of Directors who monitor the day -to- day operations. This hashelped the Board to haveclose control over the functioning of the Company and to enhance theshareholder value.Attendance at Board Meetings, last Annual General Meeting .

3. Business development committee:Terms of Reference:Composition:The Committee will meet 30 times during the yearNames of MembersSri VijaySri Arshad

4. Audit committee:Terms of reference:The role of Audit Committee includes: Overseeing the financial reporting

process. To ensureproper disclosure in the quarterly, half yearly and audited financialstatements. To recommendappointment of auditors and their remuneration. Reviewing the financialstatements beforesubmission to the Board Reviewing the adequacy of internal controlsystems

Members AttendedSri Vijay - Chairman 3

Sri Arshad 3Sri K R C Sekhar 2


36/45

5. Remuneration committee:Terms of Reference:The Remuneration Committee is constituted to determine the quantum ofcommission payable to

ManagingDirector based on the profits of the Company.

Names of MembersSri Manoj joshi - ChairmanSri VijaySri Arshad

The remuneration policy of the Company is:Managing Director:The Managing Director is paid a fixed quantum ofsalary and perquisites andsuch percentage of commission as recommended by the RemunerationCommittee based on thefinancial results and overall performance of the Company, within theoverall limits permissibleunder the Companies Act and as approved by the shareholders. NonExecutive - IndependentDirectors: Sitting fees of Rs 2500 per meeting of the Board or anyCommittee or General Meetingplus reimbursement of actual travel expenses and out of pocket expensesincurred, wherever

applicable, for attending such meetings..7. DisclosuresThere are no materially significant related party transactions with theCompany's promoters,Directors, management, subsidiaries or relatives which may havepotential conflict with the interestof the Company at large. Disclosure on transaction with related party asrequired under AccountingStandard 18 has been incorporated in the Notes to the Accounts. SEBI hasvide letter dated

16/11/04 cited violation of regulation 8 (3) of SEBI (Substantial Acquisitionof Shares & Takeovers)Regulations 1997for record date for 2001 and sought for penalty ofRs.25,000

FINANCIAL INFORMATION A REPORT BY AUDITORSToThe Board of Directors,M/s Shriram Transport Finance Company LimitedChennai

Dear Sirs,


37/45

I have examined the financial information in Annexure I VIII annexed tothis report, which isproposed to be included in the information memorandum of JayshreeTransportLimited in connection with issued 25 unsecured redeemable non

convertible debenture of facevalue of Rs 800,000 each face value aggregating to Rs 2 crores in termsof the requirements ofclause B of part II of schedule II to the Companies Act, 1956 and theSecurities and Exchange Boardof India (Disclosure and Investor Protection) Guidelines 2000 issued by theSecurities and ExchangeBoard of India. This report is being issuedto the company for inclusion in the information memorandum inconnection with the issue ofdebenture by the company and needs to be considered in its entiretyalong with the annexure.Based on the information and explanation given to me and myobservations, the financialinformation in the annexures have been drawn on by the company inaccordance withrequirements of the Guidelines and clause B of part II of the Schedule II ofthe Companies Act, 1956as mended from time to time.Yours faithfully,

V.S SAPTHARISHIMem. No. 24123Jalandhar, Dated : December 2 2009

GENERAL RISKSInvestors are advised to read the Risk Factors carefully before taking aninvestment decision in thisoffering. For taking an investment decision, the investors must rely ontheir own examination of theIssuer and the Issue including the risks involved. The Debentures have notbeen recommended or

approved by Securities and Exchange Board of India (SEBI) nor doesSEBI guarantee the accuracyor adequacy of this document. Specific attention of the investors is invitedto the Risk Factors onpage 3 of the Information Memorandum.

Management PerceptionThe management of Interest rate risk and liquidity risk are part of thecritical component of riskmanagement. Management of Interest rate risk aims at capturing the risk

arising from maturity and


38/45

repricing mismatches and is measured from earning prospective. Itinvolves measuring the durationgap and analyzing the impact of changes in the Net Interest income in thenear term due to changein the interest rate. Cash flows are monitored continuously and

appropriate steps are taken to setright mismatches if any, to address the liquidity risk. The fundingrequirements are accessed basedon the behavioral pattern of the assets and liabilities that are classifiedinto specified time buckets

Now we have assumed that the ROC have issued us the

certificate for commencement of business.

CERTIFICATE OF COMMENCEMENT OF

BUSINESS

This is to certify that The Jayshree Transport Limited filed for

incorporation was granted on the 30th November 2009. This is proved

that the company has performed all the requirements and fulfilled the

legal procedures of the incorporation of the company and all the

documents were found legal and satisfactory. From this day forward the

company is capable of undertaking its normal business operation.


39/45

AGREEMENT

UNDER THIS WE HAVE DONE AGREEMENT WITH TWO

COMPANIES. THE TERMS AND CONDITION OF

AGREEMENT ARE AS FOLLOWS:

PARTY 1

Between: JAYSHREE TRANSPORT LTD. with his main

address located or head office located at ..

Complete address:

JAY SHREE TRANSPORT LTD.

Registered off : 10-12 vijay block model town

jalandhar

Administrative office :

43-45 shiv block IInd floor, Punjab

400614

PARTY 2

And : (ASHIYANA STEEL INDUSTRY LTD.) The companyorganized and existing by laws with his head office located

atJALANDHAR

Complete address:

ASHIYANA STEEL INDUSTRY

LTD.


40/45

Registered off: G.T. ROAD

NEAR- LPU, CHEHRU

JALANDHAR ,PUNJAB


3647/76- RAM COMPLEX

MODEL TOWN, JALANDHAR PUNJAB

PH. NO.- 0181-243374, 243375

FAX- 243301

WEB SITE-www.ashiyanasteel.com

The mutual agreement between the two company is on

01/12/2009. And both the company are legally bound, and the

terms and condition s are

1. Services to company :

Agreement between ASHIYANA STEEL INDUSTRY LTD. The

manufacturing company of steel and JAY SHREE TRANSPORT

LTD. Jay shree transport ltd is in contract with the company for

transport of the finished material and raw material to the all

over India.
http://www.ashiyanasteel.com/http://www.ashiyanasteel.com/http://www.ashiyanasteel.com/


41/45

2. Terms of agreement :

This agreement will be begin [01-12-09] and will end [01-03-

10]. Either party may cancel the agreement in between [15

days] notice to other party in writing by certified personaldelivery or by mail.

3. Place of services :

According to the agreement the place of services is all over the

India. The time is not specific any time they have to work

perform.

4. Payment

The mode of payment is either cash or draft, the time limit of

the payment is after the 15 days of work performed. Until or

unless any payment is left so it is clear at the end of financial

year. The financial year of the company is 1st April to 31st march

.

5.AUTHORITY managing director of both the company havefull authority to change the agreement by mutual

understanding .

6. Confidential information :

The [JAY SHREE TRANSPORT LTD.] Is fully agrees thtat any

information is during the contract period is confidential anddont be disclose any where.

7.Judiciary-

Any type of legal obligation is to be held in jalandhar

highcourt.


42/45

8. Witness:

At time of contract the witness are

Anshul kaul

Jalandhar, Punjab

Deepak Sharma

Jalandhar, Punjab

Party 1 party 2

Jay shree transport ltd. Ashiyana steel industry ltd

AGREEMENT NO. 2-

PARTY 1

Between: JAYSHREE TRANSPORT LTD. with his main

address located or head office located at ..

Complete address:

JAY SHREE TRANSPORT LTD.

Registered off : 10-12 vijay block model town

jalandhar


43-45 shiv block IInd floor,Punjab

400614


43/45

PARTY 2

And :The company organized and existing by laws with his

head office located atJALANDHAR

Complete address:

SUNSHINE FERTILIZERS LTD.

Registered off: G.T. ROAD

Model area,

JALANDHAR ,PUNJAB


34 wing block,

MODEL TOWN, JALANDHAR PUNJAB

PH. NO.- 0181-243374, 243375

FAX- 243301

WEB SITE- www.ashiyanasteel.com

The mutual agreement between the two company is on

01/12/2009. And both the company are legally bound, and the

terms and condition s are

1. Services to company :

Agreement between SUNSHINE FERTILIZER LTD. The

manufacturing company of steel and JAY SHREE TRANSPORT

LTD. Jay shree transport ltd is in contract with the company for


44/45

transport of the finished material and raw material to the all

over India.

2. Terms of agreement :

This agreement will be begin [01-12-09] and will end [01-03-

10]. Either party may cancel the agreement in between [15

days] notice to other party in writing by certified personal

delivery or by mail.

3. Place of services :

According to the agreement the place of services is all over theIndia. The time is not specific any time they have to work

perform.

4. Payment

The mode of payment is either cash or draft, the time limit of

the payment is after the 15 days of work performed. Until or

unless any payment is left so it is clear at the end of financial

year. The financial year of the company is 1st April to 31st march.

5.AUTHORITY managing director of both the company have

full authority to change the agreement by mutual

understanding .

6. Confidential information :

The [JAY SHREE TRANSPORT LTD.] Is fully agrees thtat any

information is during the contract period is confidential and

dont be disclose any where.

7.Judiciary-


45/45

Any type of legal obligation is to be held in jalandhar

highcourt.

8. Witness:

At time of contract the witness are

Anshul kaul

Jalandhar, Punjab

Deepak Sharma

Jalandhar, Punjab

Party 1 party 2

Jay shree transport ltd. Sunshine fertilizers ltd.

BIBLIOGRAPHY

N.D Kapoor

Akileshwar pathak

www.mca.gov.in

www.roc.com

www.vakil.com
http://www.mca.gov.in/http://www.roc.com/http://www.mca.gov.in/http://www.roc.com/

how to incorporate a new transport company

Documents