ABOUT

Main Objects — Clause 3(a)

Matters Necessary for Furtherance of Objects — Clause 3(b)

General powers supporting the main objects.

1. 1

   To collaborate, amalgamate or enter into partnership or other arrangements for sharing profits, unions of interests, joint venture, reciprocal concession or co-operation or otherwise with any person firm or company carrying on or engage in or about to carry on or engage in any business or transaction which the Company is authorized to carry on or engage in or any business, undertaking or transaction which may seem capable of being carried on or contracted so as directly or indirectly to benefit the Company, and to lend money to, guarantee the contracts of or otherwise assist any such person, firm or company and to take or otherwise acquire and hold shares or securities of any such person, firm or company and to sell, hold, re-issue with or without guarantee or otherwise deal with the same.

2. 2

   To procure all necessary permits, approvals, no-objection certificates from the concerned governmental/local authorities for the provision of seismic data processing and interpretation services and related activities.

3. 3

   To import, buy, exchange, alter, improve, fix, all kinds of plants, machinery, apparatus, and things necessary or convenient for carrying on the main business of the Company.

4. 4

   To acquire and takeover the whole or any part of the business, goodwill, trademarks properties and liabilities of any person or persons, firm, companies or undertakings either existing or new, engaged in or carrying on or proposing to carry on business the Company is authorized to carry on, possession of any property or rights suitable for the purpose of the Company and to pay for the same either in cash or in shares or partly in cash and partly in shares or otherwise.

5. 5

   To negotiate and enter into agreements and contracts with Indian and foreign individuals, companies, corporations and such other organizations for technical, financial or any other such assistance for carrying out all or any the main objects of the Company or for the purpose of activity research and development of manufacturing projects on the basis of know-how, financial participation or technical collaboration and acquire necessary formulae and patent rights for furthering the main objects of the Company.

6. 6

   To undertake or promote scientific research relating to the main business or class of business of the Company.

7. 7

   To apply for, obtain, purchase or otherwise acquire and prolong and renew any patents, patent-rights, brevets, inventions, processes, scientific technical or other assistance, knowhow and other information, designs, patterns, copyrights, trade-marks, licenses concessions and the like rights or benefits, conferring an exclusive or non-exclusive or limited or unlimited right of use thereof, which may seem capable of being used for or in connection with the main objects of the Company or the acquisition or use of which may seem calculated directly or indirectly to benefit the Company on payment of any fee, royalty or other consideration and to use, exercise or develop the same under or grant licenses in respect thereof or otherwise deal with same and to spend money in experimenting upon testing or improving any such patents, inventions, right or concessions.

8. 8

   To apply for and obtain any order under any Act or legislation, charter, privilege concession, licence or authorisation of any Government, State or other authority for enabling the Company to carry on any of its main objects into effect or for extending any of the powers of the Company or for any other such purpose which may seem expedient and to oppose any proceedings or applications which may seem expedient or calculated directly or indirectly to prejudice the interest of the Company.

9. 9

   To enter into any arrangements with any Government or authorities or any persons or companies that may seem conducive to the main objects of the Company or any of them and to obtain from any such Government, authority, person or company any rights, charters, contracts, licenses and concessions which the Company may think desirable to obtain and to carry out, exercise and comply therewith.

10. 10

    To procure the Company to be registered or recognized in or under the laws of any place outside India, to do all act necessary for carrying on in any foreign country for the business or profession of the Company and to establish and maintain local registers and branch places of the main business in any part of the world. To draw, make accept, discount, execute and issue bills of exchange, promissory notes, bills of lading, warrants, debentures and such other negotiable or transferable instruments, of all types or securities and to open bank accounts of any type and to operate the same in the ordinary course of the Company.

11. 11

    To advance money either with or without security, and to such persons and upon such terms and conditions as the Company may deem fit and also to invest and deal with the money of the Company not immediately required, in or upon such investments and in such manner as, from time to time, may be determined, provided that the Company shall not carry on the business of banking as provided in the Banking Regulations Act, 1949.

12. 12

    To execute necessary agreements or memorandum of understanding for achieving the main objects of the Company and to pay or receive upfront deposits, monthly rentals etc.

13. 13

    To create any reserve fund, sinking fund, insurance fund for obtaining Public Liability Insurance Coverage on life of the third party or any other such special funds whether for depreciation, repairing, improving, research, extending or maintaining any of the properties of the Company or for any other such purpose conducive to the interest of the Company.

14. 14

    Subject to the applicable provisions of the Companies Act, 2013 and the Regulations made thereunder and the Directions issued by the Reserve Bank of India, to receive money on deposit or loan and borrow or raise money in such manner and at such time or times as the Company thinks fit and in particular by the issue of debentures, debentures-stock, perpetual debenture or otherwise and to secure the repayment of any money borrowed, raised or owing by mortgage, charge or lien upon all or any of the properties, or assets or revenues and profits of the Company both present and future, including its uncalled capital and also by a similar mortgage, charge or lien to secure and guarantee the performance by the Company or any other person or Company of any obligation undertaken by the Company or such other person or company to give the lenders the power to sale and such other powers as may seem expedient.

15. 15

    To undertake and execute any trusts, the undertaking of which may seem to the Company desirable, either gratuitously or otherwise.

16. 16

    To establish, or promote or concur in establishing or promote any company for the purpose of acquiring all or any of the properties, rights and liabilities of the Company.

17. 17

    To sell, lease, mortgage, exchange, grant licences and other rights improvements, manage, develop and dispose of undertakings, investments, properties, assets and effects of the Company or any part thereof for such consideration as may be expedient and in particular for any shares, stocks, debentures or other securities of any other such company having main objects altogether or in part similar to those of the Company.

18. 18

    Subject to the provisions of the Companies Act, 2013, to distribute among the members in specie or otherwise any property of the Company or any proceeds of sale or disposal of any property of the Company in the event of winding up.

19. 19

    To declare/distribute dividend or bonus shares among the member or to place to reserve or otherwise to apply, as the Company may, from time to time, determine any money or monies received by way of premium on shares issued at a premium by the Company and any money received in respect of forfeited shares, re-issued by the Company subject to the provisions of the Companies Act, 2013.

20. 20

    To employ agents or experts to investigate and examine into the conditions, prospects value, character and circumstances of any business concerns and undertakings and generally of any assets properties or rights which the Company purpose to acquire.

21. 21

    Subject to the applicable provisions of the Companies Act, 2013 to subscribe contribute, gift or donate any money, rights or assets for any national educational, religious, charitable, scientific, public, general or usual objects or to make gifts or donations of money or such other assets to any institutions, clubs, societies, associations, trusts, scientific research associations, funds, universities, college or any individual, body of individuals or bodies corporate.

22. 22

    To incorporate any subsidiary of the company in India and abroad.

23. 23

    To establish and maintain or procure the establishment and maintenance of any contributory or non-contributory pension or superannuation, provident or gratuity funds for the benefit of and give of procure the giving of the donations, gratuities pensions, allowances, bonuses or emoluments of any persons who are or were at any time in the employment or service of the Company or any company which is a subsidiary of the Company or is allied to or associated with the Company or with any such subsidiary company or who are or were at any time Directors or officers of the Company or any other company as aforesaid and the wives, widows, families and dependents of any such persons and also to establish and subsidize and subscribe to any institutions, associations, club or funds calculated to be for the benefit of or advance aforesaid and make payments to or towards the insurance of any such persons as aforesaid and to do any of the matters aforesaid, either alone or in conjunction with any such other company as aforesaid.

24. 24

    To establish, branches or to establish any firm or firms at places in or outside India as the Company may deem expedient for any of the main objects of the Company.

25. 25

    To pay for any property or rights acquired by or for any services rendered to the Company and in particular to remunerate any person, firm or company introducing business to the Company either in cash or fully or partly paid up shares with or without preferred or deferred rights in respect of dividend or repayment of capital or otherwise or by any securities which the Company has power to issue or by the grant of any rights or options or partly in one mode and partly in another and generally on such terms as the Company may determine, subject to the provision of the relevant provision of the Companies Act, 2013.

26. 26

    To pay out of the funds of the Company all costs, charges and expenses incidental to the formation and registration of the Company and any company promoted by the Company and also all costs, charges, duties, impositions and expenses of and incidental to the acquisition by the Company of any property or assets.

27. 27

    To send out to foreign countries, its Directors, employees or any other person or persons for investigation possibilities of main business or trade procuring and buying any machinery or establishing trade and business connections or for promoting the interests of the Company and to pay expenses incurred in the connection.

28. 28

    To compensate for loss of office of any Managing Director or Directors or other officers of the Company within the limitations prescribed under the Companies Act, 2013 or such other statute or rule having the force of law and to make payments to any person whose office of employment or duties may be determined by virtue of any transaction in which the Company is engaged.

29. 29

    To agree to refer to arbitration any dispute, present or future, between the Company and any other company, firm, individual or any other body and to submit the same to arbitration in India or abroad either in accordance with Indian law or any foreign system of law.

30. 30

    To appoint agents, sub-agents, dealers, managers canvassers, sales representatives or salesmen for transacting all or any kind of the main business of which the Company is authorized to carry on and to constitute agencies of the Company in India or in any other country and establish depots and agencies in different parts of the world.

31. 31

    To acquire by purchase, lease, exchange or otherwise any movable or immovable property and any rights or privileges which the Company may deem necessary or convenient for the purpose of its main business.

32. 32

    To vest any movable or immovable property, rights or interests required or received or belonging to the Company in any person or company on behalf of or for the benefit of the Company and with or without any declared trust in favour of the Company.

33. 33

    To purchase or otherwise acquire, build, carry out, equip, maintain, alter, improve, develop, manage, work, control and superintend any plants, warehouse, sheds, offices, shops, stores, buildings, machinery, apparatus, labour lines, and houses warehouses, and such other works and conveniences necessary for carrying on the main business of the Company.

34. 34

    To take or otherwise acquire and hold shares in any other company having objects wholly or in part similar to those of the Company or carrying on any business capable of being conducted either directly or indirectly to benefit the Company.

35. 35

    To provide for the welfare of the Directors, employees, ex-directors, ex-employees of the Company and the wives, widows and families or their defendants or connections of any such persons, by building or contributing to the building of houses dwelling or chawls or by grants of money, pensions, allowances, bonus or other payment or by creating and from time to time subscribing or contributing to provident or other association, Institutions, funds or trusts and by providing or subscribing or contributing towards places of instruction and recreation, hospitals and dispensaries, medical and other attendance and other assistance as the Company shall think fit and to subscribe or contribute or otherwise to assist or to guarantee money to charitable, benevolent, religious, scientific, national or other Institutions and objects Which shall have any moral or other claim to the support or aid by the Company either by reason of locality of operation or public and general utility or otherwise but not to political parties or political purposes.

36. 36

    To establish, provide, maintain and conduct or otherwise subsidise research laboratories, and experimental workshops for scientific and technical research and experiments and to undertake and carry on with all scientific and technical researches, experiments and test of all kinds and to promote studies and research both scientific and technical investigation and inventions by providing, subsidising, endowing or assisting laboratories, workshops, libraries, lectures, meetings and conferences and by providing, or for the award of exhibitions, scholarships, prizes and grants to students or other persons and generally encourage, promote and reward studies researches, investigations, experiments, tests and inventions of any kind that may be considered likely to assist any of the businesses which the Company is authorised to carry on.

37. 37

    To provide public or private amusements or entertainments upon any of the properties of the Company.

38. 38

    To enter into arrangements for technical collaboration and or other forms of assistance including capital participation with foreign or Indian manufacturers and to pay for such technical assistance or collaboration, royalties or other fees in cash or by allotment of equity or other capital of the Company credited as paid or by issue of debentures or debenture stock.

39. 39

    To act as agents or otherwise of any other company which may seem directly or indirectly calculated to benefit the Company.

40. 40

    To construct, improve, maintain, develop, work, manage, carry out or control any roads, ways, railway sidings, bridges, reservoirs, water courses, wharves, warehouses, electric works, factories, shop, store and other works and conveniences which may seem calculated directly or indirectly to advance the Company's interests and to contribute to subsidise or otherwise assist or take part in the construction, improvement, maintenance working, management, carrying out or control thereof.

41. 41

    Subject to the provisions of section 67 of the Companies Act, 2013, to invest and deal with the moneys of the Company not immediately required in such manner as may from time to time be determined.

42. 42

    To lend money to such persons or companies and on such terms as may seem expedient and in particular to customers and others having dealings with the Company.

43. 43

    To guarantee the repayment of money or the performances of contracts by any persons or companies and to give security of the Company's properties for fulfillment of any such guarantee.

44. 44

    To remunerate any person, firm or company for services rendered in or about the formation or promotion of the Company on the conduct of its business.

45. 45

    To adopt such means making known the products of the Company as may seem expedient and in particular by advertising in the press by circulars, by purchase and exhibition of works of art or interest by publication of books and periodicals and by granting prizes and rewards.

46. 46

    To pay the cost, charges and expenses, preliminary and incidental to the promotion, establishment and registration of the Company.

47. 47

    To advance and lend money upon such security as may be thought proper or without taking any security therefore.

48. 48

    To pay royalty to any individual or companies in consideration to their offering technical knowhow, expertise, raw materials etc., which would be required for the efficient running of any business as outlined.

49. 49

    To do all or any of the matters hereby authorised, either alone or in conjunction with or as factor, trustee or agents for any other companies or persons or by or through any factors, trustees or agents.

50. 50

    To be interested in, promote or undertake the formation and establishment of such institutions, business or Companies as may be considered to be conducive to the profit and interest of the Company and to promote, aid, foster, subsidise or acquire interest in any industry or undertaking which may conveniently be carried on in connection with any of the above objects of otherwise calculated, directly or indirectly to render any of the Company's properties or rights profitable.