APR Constructions Limited - Saffron Capital

29. DIRECTORS MAY EXTEND TIME
The Board may, from time to time, at its discretion extend the time fixed for payment of any call, and may extend
such times as to all or any of the members whom owing to their residence at a distance or other cause, the Board may
deem fairly entitled to such extension but no member shall be entitled to such extension as a right except as a matter
of grace and favour.
30. CALLS TO CARRY INTEREST
(a) If any member fails to pay any call due from him on or before the day appointed for payment thereof, or any such
extension thereof as aforesaid, he shall be liable to pay interest on the same from the day appointed for the
payment thereof to the time of actual payment at such rate as shall from time to time be fixed by the Board, but
noting in this Article shall render it obligatory for the Board to demand or recover any interest from any such
member.
(b) The Directors may, if they think fit, subject to the provisions of Section 92 of the Act, agree to and receive from
any Member willing to advance the same whole or any part of the moneys due upon the shares held by him
beyond the sums actually called for, and upon the amount so paid or satisfied in advance, or so much thereof as
from time to time exceeds the amount of the calls then made upon the shares in respect of which such advance
has been made, the Company may pay interest at such rate, as the member paying such sum in advance and the
Directors agree upon provided that money paid in advance of calls shall not confer a right to participate in profits
or dividend. The Directors may at any time repay the amount so advanced.
The member shall not be entitled to any voting rights in respect of the moneys so paid by him until the same would
but for such payment, become presently payable.
The Provisions of these Articles shall mutatis mutandis apply to the calls on debentures of the Company.
31. SUMS DEEMED TO BE CALLS
Any sum, which may be the terms of issue of a share become payable on allotment or at any fixed date, whether on
account of the nominal value of the share or by way of premium, shall for the purpose of these Articles be deemed to
be a call duly made and payable on the date which by the terms of issue of same becomes payable, and in case of nonpayment
all the relevant provisions of these Articles as to payment of interest and expenses, forfeiture or otherwise
shall apply as if such sum had become payable by virtue of a call duly made and notified.
32. INSTALLMENTS OF SHARES TO BE DULY PAID
If by the conditions of any allotment of any Shares the whole or any part of the amount or issued price thereof shall,
be payable by installments, every such installment shall when due, be paid to the Company by the person who for the
time being and from time to time shall be the registered holder of the Shares or his legal representatives, and shall for
the purposes of these Articles be deemed to be payable on the date fixed for payment and in case of non-payment the
provisions of these Articles as to payment of interest and expenses forfeiture and like and all the other relevant
provisions of the Articles shall apply as if such installments were a call duly made notified as hereby provided.
33. ACCEPTANCE OF SHARES
Any application signed by or on behalf of an applicant for Share(s) in the Company, followed by an allotment of any
Share therein, shall be an acceptance of Share(s) within the meaning of these Articles, and every person who thus
or otherwise accepts any Shares and whose name is therefore placed on the Register of Members shall for the
purpose of this Article, be a Member.
34. DEPOSIT, CALL ETC., TO BE DEBT PAYABLE
The money, if any which the Board of Directors shall on the allotment of any Shares being made by them, require
or direct to be paid by way of deposit, call or otherwise, in respect of any Shares allotted by them shall
253