(THE COMPANIES ACT, 2013)

(COMPANY LIMITED BY SHARES)

I. The Name of the Company is:- PAYAS AGRO SERVICES PRODUCER COMPANY LIMITED.
II. The Registered Office of the Company will be situated in the State of UP.
III. (A) THE OBJECTS TO BE PURSUED BY THE COMPANY ON ITS INCORPORATION ARE:—
(a) Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export
of primary produce of the Members or import of goods or services for their benefit
:Provided that the Producer Company may carry on any of the activities specified in this
clause either by itself or through other institution;

(b) Processing including preserving, drying, distilling, brewing, vinting, canning and packaging
of produce of its Members;

(c) Manufacture, sale or supply of machinery, equipment or consumables mainly to its

(d) Providing education on the mutual assistance principles to its Members and others;

(e) Rendering technical services, consultancy services, training, research and development and
all other activities for the promotion of the interests of its Members;

(f) Generation, transmission and distribution of power, revitalisation of land and water
resources, their use, conservation and communications relatable to primary produce;

(B) MATTERS WHICH ARE NECESSARY FOR FURTHERANCE OF THE OBJECTS SPECIFIED IN
CLAUSE III(A) ARE:—
To purchase, otherwise to acquire, own, import all materials, substances, appliances, machines,
containers, and such other articles and apparatus and thing capable of being used in the main
business and to own and otherwise acquire and use facilities of whatever kind as may be conducive
to effective working of main business of the company.

To enter into agreement, franchise agreement and contracts with Indian or foreign Individuals,
firms or companies for technical, financial or other assistance or collection for carrying on all or any
of the objects of the company.

To apply for purchase or otherwise acquire any trademarks, copy rights, patents, licenses
concessions, and the like concerning any exclusive or non – exclusive or limited rights of any kind
which may appear to be necessary or convenient for the business of the company and to purchase
or otherwise acquire any information as to any invention which may seem capable of being used for
any of the purpose of the company.

To enter into partnership or make any arrangements for sharing profits, co-operation, joint venture
or reciprocal concession, with any individual person or company carrying on or engaged in or
about to carry on with similar or identical objects.

To sell or otherwise dispose of the undertaking of the company or any part thereof as the company
may deem feet.

To purchase, take on rent or in exchange, construct or otherwise acquire any movable or

To subscribe or contribute or otherwise to assist or to grant money to charitable, benevolent,

To pay out of the company’s funds the costs and expenses incurred in connection with all matters
preliminary and incidental to the formation, promotion and incorporation of this company and the
costs and expenses incurred in connection with all matters preliminary and incidental to the
formation and incorporation of any company which may be promoted by this company and to
remunerate any persons, firm, or companies for services related in promotion of the company or
the conducts of its business.

To provide for the welfare of the employees (including Directors)or ex-employees of the company
and wives and families or the dependents or relations of such persons by building or contributing
to the building of houses, dwellings or quarters or by grant of money, gratuities, pensions,
allowances, incentives bonus or any other payments or by creating and subscribing or contributing
to provident and other funds, associations, institutions, profit sharing or other schemes or trusts
and by providing or subscribing or contributing towards places of instructions and recreations,
hospitals and dispensaries and medical assistance.

To open account or accounts with any bank or banks in the name of the company and to operate
upon the same.

To create any depreciation fund, sinking fund, insurance fund, reserve fund or any other special or
other funds, whether for depreciation or for repairing, improving extending or maintaining of any
of the property of the company or for any purposes, whatsoever to the interests of the company.

To employ or pay experts, foreign consultants, management consultants and other in connection
with the prospecting, acquiring, planning, execution, development, delivery and maintenance,
training and consulting, of all or any part of the business which the company is entitled to carry on.

To appoint agent, franchise of the company subject to the provisions of the Companies, Act, 2013 or
any other applicable Act(s), Rules(s) and regulation(s) etc.

To borrow or raise moneys, from commercial bank / financial institutions in such manner as the
company may think fit.

To enter into any arrangements with the Government of India or with any states with any
authorities, municipal, local or otherwise or with any other persons, that may seem conducive to
the company’s objects or any other and to apply for and obtain and to purchase or otherwise
acquire from any such government, State, grants and concessions whatsoever (whether statutory
or otherwise) which the Company may think it desirable to obtain and acquire and to carryout
exercise and comply with any such arrangements, rights, powers, privileges, licenses, decrees,
sanctions, grants and concessions.

To grant licenses or concessions over or in respect of any property or rights of the company.

To institute, conduct and defend all actions and legal proceedings, against the company and its
officers and to refer any claims or demand by or against the company and its officers to arbitration
and to perform or challenge the awards if necessary.

To insure the whole or any part of the company, either fully or partially, to protect and indemnify
the company from liability or loss in any respect, either fully or partially and to protect and
indemnify and part or portion thereof, either or mutual principle or otherwise.

To exercise all or any of its corporate powers, rights and privileges and to conduct its business in
all or any of its branches in India and in any or all states, territories, possessions and dependencies
thereof and in any or all foreign countries, and for the purpose to have and maintain and to
discontinue such number of officers and agencies therein as may be convenient.
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. 1,00,000/- (Rupees One Lakh) divided into
10,000 (Ten Thousand) Equity Shares of Rs. 10/- (Rupees Ten) each.
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