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7.
Every member of the Society undertakes to contribute to the
assets of the Society, in the event of its being wound up
while he is a member, or within one year afterwards, for the
payment of the debts and liabilities of the Society contracted
before he ceased to be a member and of the costs, charges
and expenses of winding up and for adjustments of the rights
of the contributories among themselves, and such amount as
may be required, not exceeding in the case of each member
Rs. 10 (Rs. ten) only).
8.
In the case of the winding up or dissolution of the Society
which can be done only by a Resolution carried at an Extraordinary
General Meeting of the Society, all liabilities of the Society
shall first be satisfied from the Society's Funds, and the
balance of the assets left therefrom shall not be paid to
or distributed among the members of the Society but shall
be gives or transferred to some other institution or institutions
having objects similar to the objects of the Society, or to
some charitable object, determined in either case by the Society
at the aforesaid General Meeting.
WE,
the several persons whose names and addresses are subscribed,
are desirous of being formed into a Company in pursance
of this Memorandum of Association.
| |
Name
of the Subscribers |
Addresses
and Description |
Witnesses
|
 |
Mr.
R.N. Goenka |
"Express Newspapers Ltd.", Chennai |
|
|
Mr.
P.N. Mehta |
"Times
of India", Mumbai |
|
|
Mr.
Deshbandhu Gupta |
"Indian
News Chronicle", Delhi |
|
|
Mr.
Devdas Gandhi |
"Hindustan
Times", New Delhi |
|
|
Mr.
J.K. Cowley |
"Statesman",
New Delhi |
|
|
Mr.
K. Narendra |
"Pratap",
New Delhi |
|
|
Mr.
J.L Gupta |
"Daily
Tej", New Delhi |
|
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