COMPANIES ACT, 1929

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SCHEDULES

FIRST SCHEDULE.

"ABLE ..

REGULATIONS FOR MANAGEMENT OF A COMPANY LIMITED BY
SHARES.

Sections §, 115,
333, 379, 380.

Preliminary.
(. In these regulations: —

“The Act” means the Companies Act, 1929.

When any provision of the Act is referred to, the reference is
to that provision as modified bv any statute for the time
being in force.

Unless the context otherwise requires, expressions defined in
the Act or any statutory modification thereof in force
at the date at which these regulations become binding
on the company. shall have the meanings so defined.

Shares.
2. Subject to the provisions, if any, in that behalf of the memoran-
dum of association, and without prejudice to any special rights
previously conferred on the holders of existing shares, any share
may be issued with such preferred, deferred, or other special rights,
or such restrictions, whether in regard to dividend, voting, return
of share capital, or otherwise, as the company may from time to
time by special resolution determine, and any preference share
may, with the sanction of a special resolution, be issued on the
terms that it is, or at the option of the company is liable, to be
redeemed.
3. If at any time the share capital is divided into different classes
of shares, the rights attached to any class (unless otherwise provided
by the terms of issue of the shares of that class) may be varied with
the consent in writing of the holders of three-fourths of the issued
shares of that class, or with the sanction of an extraordinary resolu-
tion passed at a separate general meeting of the holders of the
shares of the class. To every such separate general meeting the
provisions of these regulations relating to general meetings shall
mutatis mutandis apply, but so that the necessary quorum shall
be two persons at least holding or representing by proxy one-third
of the issued shares of the class and that any holder of shares of the
class present in person or by proxv mav demand a poll