Information Document for Direct Listing OF ACI FORMULATIONS ...

INVOLVEMENT OF OFFICERS AND DIRECTORS IN CERTAIN LEGAL PROCEEDINGS
No Directors or Officer of the company was involved in any of the following types of legal proceedings in the
past ten years:
• Any bankruptcy petition filed by or against any company of which any officer or director of the issuer
company filling the prospectus was a director, officer or partner at the time of the bankruptcy;
• Any conviction of director, officer in criminal proceedings or any criminal proceedings pending
against him;
• Any order, judgment or decree of any Court of competent jurisdiction against any director, officer
permanently or temporarily enjoying, barring, suspending or otherwise limiting the involvement of
any director or officer in any type of business, securities or banking activities.
• Any order of the Securities and Exchange Commission or other regulatory authority or foreign
financial regulatory authority suspending or otherwise limiting the involvement of any director or
officer in any type of business of securities or banking activities.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
The company does not have any transaction during the last two years, or any proposed transaction, between
the issuer and any of the following persons:
• Any director or executive officer of the issuer.
• Any director or officer.
• Any person owning 5% or more of the outstanding shares of the issuer.
• Any member of the immediate family (including spouse, parents, brothers, sisters, children, and inlaws)
of any of the above persons.
• Any transaction or arrangement entered into by the issuer or its subsidiary for a person who is
currently a director or in any way connected with a director of either the issuer company or any of its
subsidiaries/holding company or associate concerns, or who was a director or connected in any way
with a director at any time during the last three years prior to the issuance of the prospectus, except
disclosure under caption ‘related party transaction’ in Note 23 of Audited Financial Statement,
‘transaction with the directors and subscribers to the memorandum’ and “Executive
Compensation” part of Information Document.
• Loan given/taken
No such loan was taken or given from or to directors or any person connected with the directors of
ACIFL.
• Interests and Facilities enjoyed by the Director
All Directors are getting dividend, bonus and right shares in due course and none of the directors are
taking monthly salary except Dr. F H Ansarey.
INFORMATION DOCUMENT Page 38 of 89 ACI FORMULATIONS LIMITED