MEMORANDUM OF ASSOCIATION

OF A COMPANY LIMITED BY SHARES

Welcome To Pasnet

Pasnet.com is a brainchild of a group of young enthusiasts who endeavoured together to create a company that caters to a varied range of services. Using their experiences, the team of Pasnet holds expertise app development, web designing well customised to the clients’ needs. It also has stepped in the forte of domain hosting to provide domains to the consumers. Apart from this, Pasnet also brings for its customers, premium quality FMCG products. It produces products like different flavoured chips, spices for various categories. Mixing the worlds of spices and software, Pasnet is dedicated towards fulfilling its commitment of producing products and delivering to its customers.

Transfer of shares

The instrument of transfer of any share in the company shall be executed by or on behalf of both the transferor and transferee. The transferor shall be deemed to remain a holder of the share until the name of the transferee is entered in the register of members in respect thereof.

Share capital and variation of rights

Subject to the provisions of the Act and these Articles, the shares in the capital of the company

Lien

Monies presently payable by him or his estate to the company

Calls on shares

The Board may, from time to time, make calls upon the members in respect of any monies unpaid on their shares