To acquire from any person, film or body corporate, or un-incorporate, whether in India or elsewhere, technical information know how to process engineering, manufacturing and operating date, plants, layout, blue prints, useful for the designing, erection and operation of plant required for business of the company and to acquire any grant or license and other rights and benefits in the foregoing matters and things. To plant, cultivate, produce and rise sugar-cane, cotton, jute, hemp, flax, food grains, oil seeds, fruits and seeds, nuts, vegetables and to prepare, preserve, manufacture, crush and render marketable any such produce and to deal in the same.
The objects for which the company is established are: To carry on the business of manufacturer or assembler in India, either in collaboration or otherwise, agricultural implement and farm equipment of all kind, earth moving and construction equipment, steel structural’s, cranes, pumps of all types, x-ray apparatus, and electro-medical equipment including x-ray tubes, fluorescent and intensifying screens, tubular heating elements, electrical appliances and other allied equipment, equipment of power generation, diesel, steam, gas and hydel, engineering equipment electrical or mechanical of all kinds, gear and transmission equipment for transport or other vehicles and razor blades and all things used in or in connection with the above mentioned things and all machinery, implements, spare parts, appliances, lubricants and all other things capable of being used therewith or in manufacture, maintenance and working thereof and to acquire, purchase, give or sell, export or import the same, either on hire purchase or on full payment or otherwise as may be interest to all the company.
The name of the company is ITI TECHNO AGRO PRIVATE LIMITED. The Registered Office of the company will be situated in the state of Orissa.
The company is a private company within the meaning of section 3(1)(iii) of the companies act 1956. The minimum paid up capital of the company shall be Rs.1lakh or such higher amount as may be prescribed. The number of members of the company is not to exceed fifty but where two or more persons hold one or more shares in the company jointly they shall, for the purpose of this paragraph be treated as a single member. Every person whose name is entered as a member in the register of members shall, without payment, be entitled to a certificate under the common seal of the company specifying the name of the person in whose favour the certificate is issued, the share or shares held by him and the amount paid up thereon.