Ques-Imagine you are tasked with drafting the
memorandum of association for a newly formed startup.
Draft a memorandum with details about company's
objectives, liability structure, and capital requirements
which ensures compliance with relevant legal provisions
and industry standard?
MEMORANDUM OF ASSOCIATION
OF
EXPRESSION PVT. LTD.
I. The name of the Company is EXPRESSION PVT. LTD.
II. The Registered Office of the Company will be
situated in the NCT of Delhi.
III. The objects to be pursued by the Company on its incorporation are:
1. To design, develop, produce, obtain, possess, license, and disseminate a
wide variety of media content on several platforms and in different formats,
such as: Written content (scripts, eBooks, blogs, articles, etc.), Visual
content (pictures, videos, animations, graphic design, etc.), Interactive
content (games, apps, simulations, etc.), and Audio material (podcasts,
audiobooks, voiceovers, etc.)
2. To create and run social media channels, mobile apps, streaming services,
and websites as media platforms for the distribution of content.
3. To offer corporations, organizations, and individuals strategic consulting
services in the areas of content production, distribution, marketing, and
audience engagement.
4. To create and carry out content strategies that complement target markets,
brand identity, and client objectives.
5. To evaluate audience data and trends in order to maximize the efficacy and
performance of content.
6. To provide a full range of services for media production, such as: Production
(filming, recording, editing, and design), post-production (special effects,
sound design, and color correction), and Pre-production (scriptwriting,
storyboarding, budgeting, and talent acquisition.
7. To collaborate with production companies, studios, and independent
contractors to meet the demands of certain projects.
8. To collect and oversee intellectual property rights (trademarks, copyrights)
pertaining to media content that is either produced internally by the business
or acquired from outside sources.
9. To grant licenses for the use of media content for broadcast, streaming,
publishing, and merchandising to other companies, institutions, and media
channels.
10.Sign agreements, buy or sell real estate, borrow or lend money, invest in
other companies, and take part in any other action that could help the
company achieve its goals for media operations and overall business.
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 Authorized Share Capital of the Company is Rs. 85,50,00,000/- (Rupees
Eighty-Five Crore Fifty Lakhs only) divided into 42,75,00,000 Equity
Shares of Rs.2/- each with power to increase, modify and reduce the capital
of the Company and to divide the shares in the capital for the time being into
several classes and to attach thereto respectively such preferential, deferred,
qualified or special rights, privileges or condition as may be determined by
or in accordance with the Articles of Association of the Company and to
vary, modify or abrogate any such rights, privileges or conditions in such
manner as may be for the time being provided by the Articles of Association
of the Company.
We, the several persons, whose names and addresses are subscribed hereto, are
desirous of being formed into a Company in pursuance of this Memorandum of
Association and we respectively agree to take the number of shares in the capital of
the Company set opposite our respective names.
Names, Addresses and Number of Equity Witness to Signature
Descriptions of shares taken by each
Subscribers Subscriber
Aakanksha Advani, One Jaya Shankar
South City-1, Gurugram-
122001.
Neelam Sharma, One Jaya Shankar
Vasant Vihar, New
Delhi-110057.
Place- New Delhi
Dated- 29/04/2024
