Article of Association - Punjab Police Housing Corporation

IVInstitution, Research Laboratories, Research Institutions and ExperimentalWorkshops for scientific and technical research experiments connectedwith the objects of the Company.30. To conduct operational and scientific research for the extension ofknowledge related to training and placement nature with a view to bringabout better efficiency in the Company.31. Subject to provisions of the Companies Act 1956 or any other enactmentin force, to indeminfy and keep indemnified members, Officers, directors,agents, employees and servants of the Company against proceedings, cost,damages, claims and demands in respect of any thing done or ordered tobe done by them for and in the interest of the Company and for any loss,damage or misfortune whatever which shall happen in the execution of theduties of their office or in relation thereto.32. And generally to do all other acts, matters and things as may appear to beincidental or conducive to the attainment of the above objects or any ofthem or consequential upon the exercise of its powers or discharge of itsduties, and for the general efficiency of its schemes.(C) Other objects :- NilThe liability of the members is limited.V. The authorized share capital of the Company is Rs. 5,00,00,000 (Rupees Five Crore)divided into 5,00,000 (Five lacs) equity share of Rs. 100/- (Rs. One hundred) each..4