(१)

भााग दोोन (संंकीीर्णण)–१

RNI No. MAHBIL /2009/35827

महाराष्टट्रõ शासन राजपत्र

भाग दोन-संकीर््ण सूचना व जाहिराती

वर्षष ११, अंंक ३७] गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७[पृष्ठेे ३४, किं�ंमत : रुपयेे १५.००

प्राधिकृत प्रकाशन

संकीर्णणण सूचना व जाहि�राती

वेंगुर्लाा� नगरपरि�षषद, वेंगुर्लाा�

महाराष्ट्र लोोकसेवा अधि�नि�यम, २०१५ अंंतर्गगत देण्यात येेणााऱ्या लोोकसेवाबाबतची माहि�ती

क्रमांं�क नपवेंं/कार्याा�-०७/३३८७/२०२५.—महाारााष्ट्र लोोकसेेवा अध्यायाादेश, २०१५ चाा महाारााष्ट्र अध्यायाादेश क्र. ५ चाा कलम

३(१) अन्वयेे

प्रााप्त अधि˜काराानुसार मुख्यायााधि˜कारी, वेंंगुर्ला�. नगरपरि�षद वेंंगुर्ला�, यायााद्वाारे उक्त अध्यायाादेशाच्यायाा प्रयोोजनार्थथ नागरि�कांं�ना वेंंगुर्ला� नगरपरि�षदकडूून

पुरवि�ण्यायाात येेत असलेेल्यायाा लोोकसेेवा, नि�यत कालमर्याा�दाा, पदनि�र्देशि�त अधि˜कारी, प्रथम

आणि� द्वि�तीीय प्रााधि˜कारी यायााबााबी खाालील परि�शि�ष्टाामध्येे नमूद

केल्यायााप्रमााणेे अधि˜सूचि�त करीीत आहोत.

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

Registered Office : Exchange Plaza, Plot No. C-1, Block G, Bandra-Kurla Complex,

Bandra (East), Mumbai-400 051

The Byelaws of National Stock Exchange of India Limited are amended as under:

1. In Chapter XI of NSE Byelaws, Clause 20(a) shall be inserted as:

(20) The Byelaws contained in this Chapter shall be read in conjunction with the provisions of

any Circular, guideline, norm, instruction (by whatsoever name they may be called) issued by SEBI

in this regard, as well as any other law in force.

(a) All claims, differences, or disputes under consideration of the GRC or in relation to

which arbitration/ appellate arbitration proceedings have been commenced before August 16,

2023, shall be resolved as per the applicable framework prescribed under Chapter XI and XIII

of the Byelaws.

2. Chapter XI A ‘Dispute Resolution’ shall be inserted after Chapter XI of NSE

Byelaws, as follows:

CHAPTER XI A

DISPUTE RESOLUTION

Definitions

'Arbitrator' shall mean a sole arbitrator or panel of arbitrators.

'Act' shall mean the Arbitration and Conciliation Act, 1996 and includes any statutory

modification, replacement or re-enactment thereof, for the time being in force.

'Arbitral Award' shall mean the award passed by the Arbitrator.

'ODR Institution' shall mean an alternative dispute resolution organization empaneled by the

Exchange, for facilitating, administering and undertaking time bound resolution of disputes between

parties in accordance with processes and procedures specified by the Relevant Authority from time

to time.

Reference to dispute resolution

(1) All claims, differences or disputes between Trading Members and Constituents, Trading

Member and clients of Authorized Persons arising out of or in relation to dealings, contracts and

transactions made subject to the Byelaws, Rules and Regulations of the Exchange or with reference

to anything incidental thereto or in pursuance thereof or relating to their validity, construction,

interpretation, fulfilment or the rights, obligations and liabilities of the parties thereto and including

any question of whether such dealings, transactions and contracts have been entered into can be

submitted to dispute resolution in accordance with the provisions of these Byelaws, Regulations and

Circulars of the Exchange. The Exchange through ODR institutions shall be entitled to administer

the conciliation and arbitration of such disputes, subject to the circulars/ guidelines/ regulations

issued by the Relevant Authority from time to time.

Provided in disputes between Authorized Persons and clients of Authorized Persons, the Trading

Member should be added as a necessary party.

(2) All claims, differences or disputes arising between an Issuer and a Constituent in respect of

such matters as may be specifically provided from time to time in the Listing Agreement as entered

into by an Issuer with the Exchange can be submitted to dispute resolution in accordance with the

provisions of these Byelaws, Regulations and Circulars of the Exchange. The Exchange shall be

entitled to administer the conciliation and arbitration of such disputes, subject to the circulars/

guidelines/ regulations issued by the Relevant Authority from time to time.

Serial No. M-2511

भााग दोोन (संंकीीर्णण)–२अ

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

For the purpose of these Byelaws and Regulations, the term 'Issuer' shall have the same meaning

as defined in these Byelaws and the term 'Constituent' shall mean the investor who has bought or

sold, on the Exchange, the securities of the Issuer in respect of which the claim, differences or dispute

has arisen.

(3) The Exchange shall be empowered to administer conciliation and arbitration for such disputes

and parties other than those mentioned in the provisions of Byelaws (1) and (2) of this Chapter by

adopting such procedures as may be prescribed by the Exchange by way of Byelaws, Rules, Regulations

and Circulars, subject to the circulars/ guidelines/ regulations issued by the Relevant Authority from

time to time.

Empanelment of ODR Institutions

(4) The Exchange is empowered to work in conjunction with other market infrastructure

institutions and empanel/ avail the services of ODR Institutions who shall facilitate, administer and

undertake the resolution of claims, differences or disputes between parties as mentioned in provisions

of Byelaws (1) and (2) of this Chapter.

(5) The Exchange is also empowered to work in conjunction with other market infrastructure

institutions and empanel/ avail the services of ODR Institutions who shall facilitate, administer, and

undertake the conciliation and arbitration for such disputes and parties other than those mentioned

in the provisions of Byelaws (1) and (2) of this Chapter.

(6) The Exchange may empanel one or more ODR Institutions in accordance with the criteria

prescribed by it, subject to the circulars/ guidelines/ regulations issued by the Relevant Authority

from time to time. Empaneled ODR Institutions shall inter alia appoint duly qualified, experienced,

and independent conciliators and Arbitrators to conduct conciliation and arbitration proceedings.

Further, ODR Institutions shall have established processes and mechanisms to facilitate, administer

and undertake time bound resolution of claims, differences or disputes between parties through

conciliation and arbitration, subject to the provisions of the Act, and any other applicable laws, and

in accordance with the guidelines/ directions that may be issued by the Exchange and/or the Relevant

Authority from time to time.

Provisions of these Byelaws and Regulations deemed to form part of all dealings, contracts and

transactions

(7) In all dealings, contracts and transactions, which are made or deemed to be made subject to

the Byelaws, Rules and Regulations of the Exchange, the provisions relating to dispute resolution

as provided in these Byelaws, Regulations and Circulars of the Exchange shall form and shall be

deemed to form part of the dealings, contracts and transactions and parties shall be deemed to have

entered into a dispute resolution agreement in writing by which all claims, differences or disputes

of the nature referred to in Byelaws (1) and (2) of this Chapter and all incidental arrangements, can

be submitted to dispute resolution as per the provisions of these Byelaws, Regulations and Circulars

of the Exchange, subject to the circulars/ guidelines/ regulations issued by the Relevant Authority

from time to time.

(8) In all dealings, contracts and transactions in relation to the securities market, entered or

deemed to be entered between concerned parties as provided for in Byelaw (3) of this Chapter, the

provisions relating to dispute resolution as provided in these Byelaws, Regulations, and Circulars

of the Exchange shall form and shall be deemed to form part of the dealings, contracts and transactions

and parties shall be deemed to have entered into a dispute resolution agreement in writing by which

all claims, differences or disputes in relation to the securities market and all incidental arrangements,

can be submitted to dispute resolution as per the provisions of these Byelaws, Regulations and

Circulars of the Exchange, subject to the circulars/ guidelines/ regulations issued by the Relevant

Authority from time to time.

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

Limitation period for dispute resolution

(9) Disputes can be submitted to dispute resolution in accordance with the provisions of these

Byelaws, Regulations, and the Act when within the applicable law of limitation (reckoned from the

date when the issue arose/ occurred that has resulted in the complaint/ date of the last transaction

or the date of disputed transaction, whichever is later).

(10) Notwithstanding the above, the Relevant Authority may, from time to time, prescribe

timelines for proceedings pertaining to conciliation and arbitration.

Power of the Exchange to prescribe Regulations and Circulars

(11) The Exchange may, from time to time prescribe Regulations and Circulars for the following:

(i) Procedure to be followed for conducting a review of the complaints / disputes filed by

parties.

(ii) Procedure to be followed by parties in conciliation/ arbitration proceedings.

(iii) Procedure to be followed by ODR Institutions in conducting conciliation/ arbitration

proceedings.

(iv) Procedure to be followed while administering and assisting in the resolution of claims,

differences or disputes between parties. In particular, and without prejudice to the generality

of the foregoing power, such procedure may, inter alia, provide for the following:

(a) collection of fees and costs (or its refund) paid by parties;

(b) monitoring the due payment/ adherence of parties to the terms and conditions of

the settlement agreement;

to concerned parties, post completion of conciliation proceedings;

(d) initiation of arbitration proceedings, post conclusion of conciliation proceedings

when claims, differences or disputes are not resolved between the parties;

(e) monitoring the due payment/ adherence of parties to the terms and conditions of

the Arbitral Award, post conclusion of the arbitration proceedings and due payment/

adherence of parties to any interim relief that may be awarded by the Arbitrator

(f) penalties / directions / actions with respect to non-adherence by concerned parties

to inter alia the terms of the settlement agreement/ Arbitral Award/ interim relief of the

Arbitrator or any directions issued by concerned ODR Institutions and market infrastructure

institutions;

(g) collection of amounts payable from parties in terms of the Arbitral Award and pay-

out/ release of the same to concerned parties, post completion of arbitration proceedings;

(h) procedure in relation to challenging an Arbitral Award of an Arbitrator, when

claims, differences or disputes are not resolved between the parties;

(i) setting out the roles/ obligations/ rights/evaluation procedure of the arbitrator/

conciliator appointed by empaneled ODR Institutions;

(j) maintenance of records pertaining to conciliation/ arbitration proceedings; and

(k) any other matter which in the opinion of the Exchange is required to be dealt with

in the Regulations and Circulars to facilitate conciliation/ arbitration.

The Exchange from time to time may amend, modify, alter, repeal, or add to the provisions of

the Regulations and Circulars.

(12) The Regulations and Circulars prescribed by the Exchange with respect to the above will

be subject to the circulars/ guidelines/ regulations issued by the Relevant Authority from time to

time.

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

Reference to conciliation and arbitration

(13) All claims, differences or disputes between parties as mentioned in provisions of Byelaws

(1), and (2) of this Chapter, may be resolved through reference to conciliation and arbitration in

accordance with the provisions of these Byelaws, Regulations and Circulars of the Exchange.

(14) All claims, differences or disputes between concerned parties as provided for in Byelaw (3)

of this Chapter, may be resolved through reference to conciliation and arbitration in accordance with

the provisions of these Byelaws, Regulations and Circulars of the Exchange.

(15) In case of reference to arbitration, the parties shall be entitled to challenge the Arbitral

Award rendered at the conclusion of arbitration proceedings, in terms of Section 34 of the Act.

Arbitration proceedings subject to the provisions of the Act

(16) Arbitration proceedings as provided for by the provisions of these Byelaws, Regulations and

Circulars of the Exchange shall be subject to the provisions of the Act to the extent not provided for

in these Byelaws or Regulations or Circulars of the Exchange.

Appearance in conciliation and arbitration proceedings by counsel, attorney or advocate

(17) In conciliation and arbitration proceedings, parties shall not be permitted to appear by

counsel, attorney or advocate but where one of the parties is a Constituent, then the Constituent

shall be permitted to appear by counsel, attorney or advocate. If the Constituent chooses to appear

by counsel, attorney or advocate, then the Trading Member, Authorized Person and Issuer, as the

case may be, shall be granted a similar privilege.

Jurisdiction / venue and seat of conciliation and arbitration

(18) The venue and seat of the proceedings of conciliation and arbitration shall be the place

where the Constituent resides permanently or, where the Constituent is not an individual, the place

where it is registered in India or has its principal place of business in India, as provided in the

relevant KYC documents of the Constituent.

(19) Notwithstanding the above, the Relevant Authority may, from time to time, determine the

venue and seat of conciliation and arbitration.

(20) Furthermore, the application under Section 34 of the Act, if any, against the decision of the

Arbitrator shall be filed before the court having competent jurisdiction in India.

Exclusion

(21) For removal of doubts, it is hereby clarified that the Exchange shall not be construed to be

a party to the dealings, contracts and transactions referred to under this Chapter, and the provisions

of this Chapter shall not apply in case of claims, differences or disputes between the Exchange and

a Trading Member or the Exchange and an Authorized Person or the Exchange and an Issuer. Further,

the Exchange would not constitute a necessary party to the attendant proceedings of conciliation or

arbitration.

(22) For removal of doubts, it is hereby clarified that the Exchange shall not be construed to be

a party to the dealings, contracts and transactions referred to under this Chapter, and the provisions

of this Chapter shall not apply in case of claims, differences or disputes between the Exchange and

concerned parties as provided for in Byelaw (3). Further, the Exchange would not constitute a

necessary party to the attendant proceedings of conciliation or arbitration.

(23) In no event shall any dispute, appeal, review, or challenge be referred to any stage of the

proceedings contemplated in this Chapter, including conciliation or arbitration, if such dispute,

appeal, review or challenge pertains to the regulatory and enforcement role, or roles of a similar

nature, played by the Exchange.

(24) The decision of the Exchange pertaining to the nature of the complaint/ dispute shall be

final and binding on all parties.

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

Applicability of this Chapter

(25) Notwithstanding anything contained in this Chapter, all claims, differences or disputes

under consideration of the GRC or in arbitration/ appellate arbitration before August 16, 2023, shall

be resolved as per the applicable framework prescribed under Chapter XI and XIII of the Byelaws.

For National Stock Exchange of India Limited,

SAI SARANYA HARIHARAN,

Authorized Signatory.

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

Serial No. M-2512

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

CIN: U67120MH1992PLC069769

Registered Office : Exchange Plaza, C-1, Block G, Bandra-Kurla Complex,

Bandra (East), Mumbai 400 051, Maharashtra, India

Pursuant to the provisions of Section 23 of General Clauses Act, 1897 read with applicable

provisions of the Securities Contracts (Regulations) Rules, 1957, if any, the proposed amendments

to the Articles of Association (“AOA”) of the National Stock Exchange of India Limited (“NSEIL”)

as given hereunder are published for objections/suggestions/criticism, if any, from persons likely to

be affected, in the Gazette of State of Maharashtra. Any person having any objections/suggestions/

criticism on the proposed amendments to AOA can send the same in writing to the kind attention

of the Secretarial Department of NSEIL at Exchange Plaza, Fourth Floor, ‘A’ wing, C-1, Block G,

Bandra – Kurla Complex, Bandra (East), Mumbai 400 051, within fifteen days from the date of this

publication in the Gazette of State of Maharashtra.

The objections/suggestions/criticism received after the aforementioned date will not be considered

once the proposed amendments are taken up by the SEBI for its approval.

The existing AOA was formulated in accordance with the provisions of the erstwhile Companies

Act, 1956. Considering the various amendments made to the applicable laws, regulations, rules,

guidelines from time to time, there is a need to amend the Existing AOA in order to align it with

the prevailing provisions of Schedule I, Table F of the Companies Act, 2013 (‘the Act’), the Securities

and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

(“Listing Regulations”), the Securities and Exchange Board of India (Issue of Capital and

Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”), the Securities Contracts

(Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 (“SECC Regulations”)

and other applicable laws, regulations, rules, guidelines each as amended from time to time, few

provisions have been incorporated in the amended AOA by way of inserting and/or omitting and/or

substituting the existing Headings /Title / sub-headings, Articles and its Clauses with altered revised

and/or new Headings / sub-headings, Articles and its Clauses.

The alterations are as follows:

1. Substituted the existing sub-clause (g) of the Article 1 - Interpretation with the

following revised sub-clause:

(g) “Members of the Company” or “Members” or “Shareholders” shall mean the duly registered

holders, from time to time, of the shares of the Company and include the subscribers to the

Memorandum of Association of the Company.

2. Substituted the existing Heading/Title of Articles of Association after Article 2 with the

following revised Heading/Title:

“SHARE CAPITAL AND VARIATION OF SHAREHOLDERS RIGHTS”

3. Substituted the existing Article No. 8 with respect to “Shares at the disposal of the

Governing Board” with the following revised Article No. 8

Subject to Section 62 and other applicable provisions the Act and these Articles, the shares in

the Capital of the Company for the time being (including any shares forming part of any increased

capital of the Company) shall be under the control of the Directors who may issue, allot or otherwise

dispose off all or any of such shares to such persons in such proportions and on such terms and

conditions and either at a premium or at par or (subject to compliance with the provisions of Section

53 of the Act) at a discount and at such times as they may from time to time think fit and proper

with the sanction of the Company in the General Meeting to give to any person or persons the option

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

or right to call for any Shares either at par or premium during such time and for such consideration

as the Directors think fit, and may issue and allot Shares in the capital of the Company on payment

in full or part of any property sold and transferred or for any services rendered to the Company in

the conduct of its business and any Shares which may so be allotted may be issued as fully paid up

Shares and if so issued, shall be deemed to be fully paid Shares.

Provided that option or right to call shares shall not be given to any person except with the

sanction of the Company in General Meeting.

4. Inserted new clause i.e. Article 17A with respect to “VARIATION OF SHAREHOLDERS’

RIGHTS”

VARIATION OF SHAREHOLDERS’ RIGHTS

(a) If at any time the share capital of the Company is divided into different classes of shares,

the rights attached to the shares of any class (unless otherwise provided by the terms of issue

of the shares of that class) may, subject to provisions of the Act and whether or not the Company

is being wound up, be varied with the consent in writing of the holders of not less than three-

fourth of the issued shares of that class or with the sanction of a Special Resolution passed at

a separate meeting of the holders of the issued shares of that class, as prescribed by the Act.

(b) The right conferred upon the holders of the shares of any class issued with preferred or

other right shall not, unless otherwise expressly provided by the terms of issue of the shares of

that class, be deemed to be varied by the creation or issue of further shares ranking pari-pasu

therewith.

these Articles relating to meeting shall mutatis mutandis apply.

5. Substituted the existing Article No. 18 with respect to “Commission for placing of shares”

with the following revised Article No. 18

The Company may at any time pay a commission to any person for subscribing or agreeing to

subscribe (whether Absolutely or conditionally) for any shares, debentures or debenture stock or any

other security of the Company or for procuring or agreeing to procure subscriptions (whether absolute

or conditional) for any share debentures or debenture stock or any other security of the Company

but so that if the commission in respect of shares shall be paid or payable out of the proceeds of the

respective issue or profit or both, the statutory conditions and requirements shall be observed and

complied with and the amount or rate of commission shall not exceed the rates prescribed by the Act

and the rules thereunder. The Commission may be paid or satisfied in cash or by allotment of, fully

or partly paid up shares, debenture or debenture stock of the Company.

6. Omitted Article No. 19 of the with respect to “Certificates how to be issued and limitation

of time for issue of certificates”

7. Substituted the existing Heading/Title of the clause No. Article 19A with the following

revised Heading/Tittle i.e.

“Dematerialisation of Securities”

8. Omitted Article No. 20 of the with respect to “Member’s right to Certificates”

9. Omitted Article No. 21 of the with respect to “As to issue of new certificate in place of one

defaced, lost or destroyed”

10. Substituted the existing Article No. 22 with respect to “calls” with the following revised

Article No. 22

The Directors may, from time to time, make such calls as they think fit upon the Members in

respect of all monies unpaid on the shares held by them respectively and not by the conditions of

allotment thereof made payable at fixed times, and each Member shall pay the amount of every call

भााग दोोन (संंकीीर्णण)–३

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

so made on him to the person and at the times and places appointed by the Directors. A call may be

made payable by installments.

Provided that no call shall exceed one-fourth of the nominal value of the share or be payable at

less than one month from the date fixed for the payment of the last preceding call.

11. Substituted the existing Article No. 24 with respect to “Notice of call” with the following

revised Article No. 24

Not less than fourteen days notice of every call shall be given specifying the time and place of

payment, provided that before the time for payment of such call the Directors may, be notice in

writing to the Members, revoke the same.

12. Substituted the existing Article No. 27 with respect to “Amount payable at fixed time

or by installments as calls” with the following revised Article No. 27

If by the terms of issue of any share or otherwise any amount is made payable at any fixed date

or by installments at fixed times, whether on account of the nominal value or by way of premium,

every such amount or installments shall be payable as if it were a call duly made by the Directors

and of which due notice has been given and all the provisions herein contained in respect of calls

shall relate to such amount or installments accordingly.

13. Substituted the existing Article No. 28 with respect to “When interest on call or

installment payable” with the following revised Article No. 28

If the sum payable in respect of any call or installment be not paid on or before the day appointed

for payment thereof the holders for the time being or allottee of the share in respect of which a call

shall have been made or the installment shall be due shall pay interest on the same at such rate as

the Directors shall fix from time to time (maximum of 10% p.a.) from the day appointed for the

payment thereof to the time of actual payment, but the Directors may waive payments of such interest

wholly or in part. A call may be revoked or postponed at the discretion of the Board.

14. Substituted the existing Article No. 30 with respect to “Payment in anticipation of calls

may carry interest” with the following revised Article No. 30

The Directors may, if they think fit (subject to the provisions of the Act) agree to and receive

from any Member willing to advance the whole or any part of the moneys due upon the shares held

by him beyond the sums actually called for, and upon the moneys 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 (unless

the Company in General Meeting approves the interest shall not exceed twelve per cent. per annum)

as the Member paying such sum in advance and the Directors agree upon and the Directors may at

any time repay the amount so advanced upon giving to such Member one month’s notice in writing;

provided that moneys paid in advance of calls on Shares may carry interest but shall not confer a

right to dividend or to participate in profits.

No Member paying any such sum in advance shall be entitled to 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 this Article shall mutatis mutandis apply to calls on any other securities, including

Debentures issued by the Company.

15. Substituted the existing Article No. 34 with respect to “In default of payment shares to

be forfeited” with the following revised Article No. 34

If the requisitions of any such notice as aforesaid are not complied with, any of the shares in

respect of which such notice has been given may, at any time thereafter, before payment required

by the notice has been made, all calls or installments, interest and expenses or the money due in

respect thereof, be forfeited by resolution of the Directors to the effect. Such forfeiture shall include

all dividends declared in respect of the forfeiture shares and not actually paid before the forfeiture,

subject to the Act.

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

16. Substituted the existing Article No. 38 with respect to “Shareholders still liable to pay

money owing at time of forfeiture and interest” with the following revised Article No. 38

Any Member whose share have been forfeited shall, notwithstanding the forfeiture, be liable to

pay and shall forthwith pay to the company all calls, installments, interest, expenses and other

monies payable by him to the Company or in respect of shares at the time of the forfeiture together

with interest thereon from the time of the forfeiture until payment, at such rates as may be prescribed

by the Directors and the Directors may enforce the payment of the whole or a portion thereof if they

think fit but shall not be under any obligation to do so. Liability of such person shall cease if and

when the Company shall have received payment in full of all such monies in respect of the shares.

17. Substituted the existing Article No. 39 with respect to “Company’s lien on shares/

debentures” with the following revised Article No. 39

The Company shall have no lien on its fully paid shares on any account whatsoever and in the

case of partly paid up shares, if any, the Company’s lien shall be restricted to monies called or payable

at a fixed time in respect of such shares. In the case of partly paid up shares/debentures, registered

in the name of each member / debenture holder (whether solely or jointly with another or others)

and upon the proceeds of sale thereof the Company shall subject to applicable law have a first and

paramount lien on every share / debenture (not being a fully paid share / debenture) registered in

the name of each Member (whether solely or jointly with others) and upon the proceeds of sale thereof

for all monies called or payable (whether presently payable or not) at a fixed time, in respect of such

shares/debentures and no equitable interest in any share / debenture shall be created except upon

the footing and condition that this Article will have fullest effect. Any such lien shall extend to all

dividends, from time to time, and bonus declared in respect of such shares/ debentures subject to the

Act. Unless otherwise agreed the registration of a transfer of shares/ debentures shall operate as a

waiver of the Company’s lien, if any, on such shares/ debentures. Provided that the Board may at

any time declare any share / debenture to be wholly or in part exempt from the provisions of this

Article.

18. Substituted the existing Article No. 40 with respect to “As to enforcing lien by sale” with

the following revised Article No. 40

For the purpose of enforcing such lien the Directors may sell the shares subject thereto in such

manner as they think fit, but no sale may be made unless certain sum in respect of which the lien

exists is presently payable nor until notice in writing of the intention to sell shall have been served

on such Member or the person (if any) entitled by transmission to the share and default shall have

been made by him in payment of the sum presently payable for fourteen days after such notice.

19. Substituted the existing Article No. 42 with respect to “Declaration of forfeiture” with

the following revised Article No. 42

Declaration of forfeiture

A duly verified declaration in writing that the declarant is a Director, Manager or the Secretary

of the Company that the call in respect of a share was made, and that the forfeiture of the share was

made, by a resolution of the Directors to that effect, shall be conclusive evidence of the fact stated

therein as against all persons entitled to such share.

20. Substituted the existing Article No. 45 with respect to “Form of Transfer” with the

following revised Article No. 45 and insertion of new sub-clauses in Article No. 45.

The instrument of transfer of any share shall be in writing in the form prescribed under Section

56 of the Act and all the provisions of the Act, and of any statutory modification thereof for the time

being shall be duly complied with in respect of all transfer of shares and registration thereof.

The Board may decline to recognize any instrument of transfer unless-

(i) the instrument of transfer is in the form prescribed under the Act;

भााग दोोन (संंकीीर्णण)–३अ

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

(ii) the instrument of transfer is accompanied by the certificate of shares to which it relates,

and such other evidence as the Board may reasonably require to show the right of the transferor

to make the transfer; and

(iii) the instrument of transfer is in respect of only one class of shares.

21. Inserted new clause i.e. Article 47A under the heading “TRANSFER AND

TRANSMISSION OF SHARES”

TRANSFER AND TRANSMISSION OF SHARES

On giving not less than seven days’ previous notice in accordance with section 91 and rules made

thereunder, the registration of transfers may be suspended at such times and for such periods as the

Board may from time to time determine Provided that such registration shall not be suspended for

more than thirty days at any one time or for more than forty-five days in the aggregate in any year.

22. Substituted the existing Article No. 53 with respect to “Register of Transfers to be kept”

with the following revised Article No. 53

The Company shall keep a book, to be called the “Register of Transfer” and therein shall be

fairly and distinctly entered particulars of every transfer or transmission of any share. The Company

shall also use a common form of transfer.

23. Substituted the existing Article No. 55 with respect to “Directors may refuse to register

transfers” with the following revised Article No. 55

Subject to the provisions of the Act, these Articles, the Securities and Exchange Board of India

(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and any other

applicable law, the Board may, at its absolute and uncontrolled discretion decline or refuse with

cause whether in pursuance of any power of the Company under these Articles or otherwise to register

or acknowledge any transfer of, or the transmission by operation of law of the right to, any securities,

whether fully paid or not, or interest of a member in the Company, or debentures of the Company,

and the right of refusal, shall not be affected by the circumstances that the proposed transferee is

already a member of the Company but in such cases, and the Company shall within thirty days or

such lesser period as may be prescribed under the applicable law, from the date on which the

instrument of transfer, or the intimation of such transmission, as the case may be, was delivered to

the Company, send notice of the refusal to the transferee and the transferor or to the person giving

intimation of such transmission, as the case may be giving reasons for such refusal.

24. Substituted the existing Article No. 63 with respect to “Issue, acquisition and holding

of Shares subject to SEBI Regulations.” with the following revised Article No. 63

(1) Notwithstanding anything to the contrary contained in these Articles, the provisions of

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations,

2018 or any modification thereto, as the case may be, shall apply in respect of issue, acquisition

and holding of equity shares of the Company.

(2) As provided in the foregoing Articles and without prejudice to the provisions of Articles

55, a member shall be at liberty to transfer the share:

Restriction on the transfer

Provided however that the Board may refuse the transfer if in its opinion –

(a) the transfer is being made otherwise than in accordance with relevant SEBI circulars

and directives beside the provisions of Securities Contracts (Regulation) (Stock Exchanges and

Clearing Corporations) Regulations, 2018 or any modification thereto, as the case may be; or

(b) the transfer, if made, will not be in the interest of the Company.

25. Substituted the existing Article No. 64 with respect to “Conversion of shares and

reconversion” with the following revised Article No. 64

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

The Directors with the sanction of a resolution of the Company in General Meeting may convert

any paid-up shares into stock and may convert all or any stock into paid-up shares of any denomination.

When any shares have been converted into stock, the several holders of such stock may thenceforth

transfer their respective interests therein or any part of such interest in the same manner and subject

to the same regulations under which, the shares from which the stock arose might before the

conversion have been transferred, or as near thereto as circumstances will admit.

Provided that the Board may, from time to time, fix the minimum amount of stock transferable,

so, however, that such minimum shall not exceed the nominal amount of the shares from which the

stock arose.

Such of the regulations of the Company as are applicable to paid-up shares shall apply to stock

and the words “share” and “shareholder” in those regulations shall include “stock” and “stock-holder”

respectively.

26. Substituted the existing Article No. 65 with respect to “Right of Stockholders” with the

following revised Article No. 65

The stock shall confer on the holders thereof respectively the same privileges and advantages

as regards dividend, voting at meeting of the Company and for other purposes as would have been

conferred by shares of equal amount in the capital of the Company of the same class as the shares

from which such stock is converted but so that none of such privileges or advantages, except the

participation in profits of the Company or in assets of the Company on winding up, shall be conferred

by any such shares allotted part of stock as would not if existing in shares have conferred such

privileges or advantages. Such conversion shall not affect or prejudice any preference or other special

privileges attached to the shares so converted. Save as aforesaid all the provisions herein contained

shall, so far as circumstances shall admit, apply to stock as well to the shares.

27. Substituted the existing Article No. 67 with respect to “Further issue of Capital” with

the following revised Article No. 67

(1) Where at any time the Board or the Company, having a share capital, as the case may be,

may, propose to increase the subscribed capital by the issue of further shares then such shares shall

be offered, subject to the provisions of section 62 of the Act, and the rules made thereunder:-

(A) to the persons who, at the date of the offer, are holders of the equity shares of the Company,

in proportion, as nearly as circumstances admit, to the paid-up share capital on those shares by

sending a letter of offer subject to the conditions mentioned below;

(i) The offer aforesaid shall be made by notice specifying the number of shares offered and

limiting a time not being less than 15 (fifteen) days or such lesser number of days as may be

prescribed under the Act and not exceeding 30 (thirty) days from the date of the offer, within

which the offer if not accepted, shall be deemed to have been declined;

(ii) The offer aforesaid shall be deemed to include a right exercisable by the person concerned

to renounce the shares offered to him or any of them in favour of any other person and the notice

referred to in sub-clause (i) shall contain a statement of this right, provided that Board may

decline, without assigning any reason therefore, to allot any Shares to any Person in whose

favor any Shareholder may renounce the Shares offered to him; and

(iii) After the expiry of time specified in the notice aforesaid, or on receipt of earlier

intimation from the person to whom such notice is given that the person declines to accept the

shares offered, the Board of Directors may dispose of them in such manner which is not

disadvantageous to the Shareholders and the Company;

(B) subject to the provisions of the Securities Contracts (Regulation) (Stock Exchanges and

Clearing Corporations) Regulations, 2012 or any modification thereto, to employees under any scheme

of employees’ stock option subject to special resolution passed by the Company and subject to the

Rules and such other conditions, as may be prescribed under applicable law; or

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

include the persons referred to in clause (A) or clause (B) above either for cash or for a consideration

other than cash, if the price of such shares is determined by the valuation report of a registered

valuer subject to such conditions as may be prescribed under the Act and the rules made thereunder.

(2) The notice referred to in sub-clause (i) of clause (A) of sub-section (1) shall be dispatched

through registered post or speed post or through electronic mode or courier or any other mode having

proof of delivery to all the existing shareholders at least three days before the opening of the issue.

(3) Nothing in sub-clause (ii) of Clause (1)(A) shall be deemed:- (i) To extend the time within

which the offer should be accepted; or (ii) To authorize any person to exercise the right of renunciation

for a second time on the ground that the person in whose favour the renunciation was first made has

declined to take the shares compromised in the renunciation.

(4) Nothing in this Article shall apply to the increase of the subscribed capital of the Company

caused by the exercise of an option as a term attached to the Debentures issued or loan raised by the

Company to convert such Debentures or loans into Shares in the Company or to subscribe for Shares

of the Company: Provided that the terms of issue of such Debentures or the terms of such loans

containing such an option have been approved before the issue of such Debentures or the raising of

such loans by a special resolution passed by the Company in a General Meeting.

(5) Notwithstanding anything contained in Article 67(4) hereof, where any debentures have

been issued, or loan has been obtained from any Government by the Company, and if that Government

considers it necessary in the public interest so to do, it may, by order, direct that such debentures or

loans or any part thereof shall be converted into Shares in the Company on such terms and conditions

as appear to the Government to be reasonable in the circumstances of the case even if terms of the

issue of such debentures or the raising of such loans do not include a term for providing for an option

for such conversion: Provided that where the terms and conditions of such conversion are not

acceptable to the company, it may, within sixty days from the date of communication of such order,

appeal to the National Company Law Tribunal which shall after hearing the Company and the

Government pass such order as it deems fit.

A further issue of shares may be made in any manner whatsoever as the Board may determine

including by way of preferential offer or private placement, subject to and in accordance with the Act

and the rules made thereunder.

(6) In determining the terms and conditions of conversion under Article 67 (5), the Government

shall have due regard to the financial position of the Company, the terms of issue of debentures or

loans, as the case may be, the rate of interest payable on such debentures or loans and such other

matters as it may consider necessary.

(7) Where the Government has, by an order made under Article 67 (5), directed that any

debenture or loan or any part thereof shall be converted into shares in the Company and where no

appeal has been preferred to the Tribunal under Article 67, (5) or where such appeal has been

dismissed, the memorandum of the Company shall, where such order has the effect of increasing the

authorised share capital of the Company, stand altered and the authorised share capital of the

Company shall stand increased by an amount equal to the amount of the value of shares which such

debentures or loans or part thereof has been converted into.

28. Inserted new clause i.e. Article 67A “BUY BACK OF SHARES”

BUY BACK OF SHARES

Notwithstanding anything contained in these Articles, but subject to all applicable provisions

of the Act or any other law for the time being in force, the Company may purchase its own shares or

other specified securities.

29. Substituted the existing Article No. 70 with respect to “Reduction of capital” with the

following revised Article No. 70

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

The Company from time to time by Special Resolution, subject to, any incident authorised and

consent required by law, reduce its share capital (including the Capital Redemption Reserve Account

and any share premium account if any) in any way authorised by law and in particular may pay off

any paid up share capital upon the footing that it may be called up again or otherwise and if and so

far as necessary alter its Memorandum by reducing the amount of its share capital and of its share

accordingly.

30. Substituted the existing Article No. 71 with respect to “Division and sub- division” with

the following revised Article No. 71

The Company may in the General Meeting by Ordinary Resolution alter the conditions of its

Memorandum as follows:-

(a) Consolidate and divide all or any of its share capital into shares of larger amount than

its existing shares; Provided that no consolidation and division which results in changes in the

voting percentage of shareholders shall take effect unless it is approved by the National Company

Law Tribunal on an application made in the prescribed manner

(b) Sub-divided shares or any of them into shares of smaller amount than originally fixed

by the Memorandum subject nevertheless to the provisions of the Act in that behalf. Subject to

these presents the resolution by which any shares are sub- divided may determine that as

between the holders of the shares resulting from such sub-division one or more of such shares

may be given any preference or advantage or otherwise over the others or any other such shares.

to be taken by any person and diminish the amount of the shares so canceled.

(d) increase the share capital by such sum, to be divided into shares of such amount as it

thinks expedient;

(e) convert all or any of its fully paid-up shares into stock, and reconvert that stock into

fully paid-up shares of any denomination.

31. Substituted the existing Article No. 76 with respect to “Issue at discount, etc. or with

special privileges” with the following revised Article No. 76

Any bonds, debentures, debenture stocks or other debt securities may be issued at a discount,

premium or otherwise by the Company and shall with the consent of the Board be issued upon such

terms and conditions and in such manner and for such consideration as the Board shall consider to

be for the benefit of the Company, and may be issued on condition that they or any part of them shall

be convertible into shares of any denomination and with any special privilege and conditions as to

redemption, surrender, drawing, allotment of shares, attending (but not voting) at General Meetings

of the Company, appointment of Directors and otherwise.

Provided that the Debenture with the right to conversion into or allotment of shares shall be

issued only with the consent of the Company in the General Meeting by a special resolution.

32. Substituted the existing Article No. 82 with respect to “Calling of Extra- Ordinary

General Meeting” with the following revised Article No. 82

(a) The Board may whenever they think fit, and shall, on the requisite of such number of

Members of the Company as is hereinafter specified, forthwith proceed to call an Extra-ordinary

General Meeting of the Company and in case of such requisition the following provision shall

apply :

(b) If at any time directors capable of acting who are sufficient in number to form a quorum

are not within India, any director or any two members of the company may call an extraordinary

general meeting in the same manner, as nearly as possible, as that in which such a meeting

may be called by the Board of Directors.

to be called and shall be signed by the requisitionists and shall be deposited at the Registered

Office of the Company.

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

(d) The requisition may consist of several documents in like form each signed by one or

more requisitionists.

(e) The number of Members of the Company entitled to requisition a meeting in regard to

any matter shall be such number of them as hold at the date of deposit of the requisition, not

less than one- tenth of such of the paid up capital of the Company as at the date carries the

right of voting in regard to that matter.

(f) Where two or more distinct matters are specified in the requisition, the provisions of

clause (d) shall apply separately in regard to each such matter, and the requisition shall

accordingly be valid only in respect of those matters in regard to which the condition specified

in that sub-article is fulfilled.

(g) If the Board does not, within twenty one days from the date of deposit of a valid

requisition in regard to any matters, proceed duly to call a meeting for the consideration of those

matters on a day not later than forty five days from the deposit of the requisition, the meeting

may be called and held by the requisitionists as represent either majority in value of the paid-

up share capital held by all of them or not less than one-tenth of such of the paid-up share capital

of the Company as is referred to in Clause (d) whichever is less, within a period of three months

from the date of requisition. However, the purpose of this Clause the Board shall, in the case of

a meeting at which a resolution is to be proposed as a Special Resolution give, such notice thereof

as is required by the Act;

(h) a meeting called under clause (f) by the requisitionists or any of them:

(i) shall be called in the same manner, as nearly as possible, as that in which the

meetings are to be called by the Board, but (ii) shall not be held after the expiration of three

months from the date of the deposit of the requisition; Provided that nothing contained in

this sub-clause.

(ii) shall be deemed to prevent a meeting duly commenced before the expiry of the

period of three months aforesaid, from adjourning to some day after the expiry of that

period; (i) Where two or more persons hold any shares or interest in the Company jointly,

a requisition, or a notice calling a meeting, signed by one or some only of them shall, for

the purpose of this Article have the same force and effect as if it had been signed by all of

them.

(j) Any reasonable expenses incurred by the requisitionists by reason of the failure of the

Board to call a meeting shall be reimbursed to the requisitionists by the Company, and any sum

so reimbursed shall be retained by the Company out of any sums due or to become due from the

Company by way of fees or other remuneration for their services to such of the Directors as were

in default

33. Substituted the existing Article No. 90 with respect to “Proceedings at General Meeting”

with the following revised Article No. 90

The Chairman of the Board shall be entitled to take the Chair at every General Meeting. If there

be no Chairman or if at any meeting he shall not be present within fifteen minutes after the time

appointed for holding such meeting, or is unwilling to act as Chairman of the meeting and on default

of their doing so, the Directors present shall elect one of their member to be Chairperson of the

meeting and if at any meeting no director is willing to act as Chairperson or if no director is present

within fifteen minutes after the time appointed for holding the meeting, the members present shall

choose one of their members to be Chairperson of the meeting.

34. Substituted the existing Article No. 92 with respect to “Adjourned Meeting” with the

following revised Article No. 92

The Chairman with the consent of meeting at which a quorum is present, and shall, if so directed

by the meeting, may adjourn any meeting from time to time and from place to place, but no business

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

shall be transacted at any adjourned meeting other than business might have been transacted at

the meeting from which the adjournment took place. No notice of adjourned meeting shall be necessary

to be given unless the meeting is adjourned for more than thirty days or as provided under the Act.

35. Substituted the existing Article No. 104 with respect to “Votes of Members” with the

following revised Article No. 104

(a) Upon a show of hands every Member of the Company entitled to vote and present in

person or by attorney or proxy shall have one vote.

(b) Upon a poll every Member of the Company who being an individual is present in person

of by attorney or by Proxy or being a Corporation is present by a representative or proxy shall

have a voting right in proportion to his share of the Paid-up Capital of the Company

section 108 of the Act and shall vote only once.

(d) A Member of unsound mind, or in respect of whom an order has been made by any court

having jurisdiction in lunacy, may vote, whether on a show of hands or on a poll, by his committee

or other legal guardian, and any such committee or legal guardian may, on a poll, vote by proxy.

36. Substituted the existing Article No. 110 with respect to “Deposit of instrument of

appointment and inspection” with the following revised Article No. 110

(i) No person shall act as proxy unless the instrument of his appointment and the power of

attorney or other authority if any under which it is signed of a notarially certified copy of that

power of authority shall be deposited at the Office at least forty eight hours before the time of

holding the meeting at which the person named in the instrument of proxy proposes to vote or,

in the case of a poll, not less than 24 hours before the time appointed for the taking of the poll;

and in default the instrument appointing the proxy shall not be treated as valid. No attorney

shall be entitled to vote unless the Power of Attorney or other instrument appointing him as

attorney or a notarially certified copy thereof has either been registered in the records of the

Company at any time not less than forty eight hours before the time of the meeting at which

the attorney proposes to vote or is deposited at the office not less than forty eight hours before

the time of same meeting as aforesaid.

(ii) Notwithstanding that a power of Attorney or other authority has been registered in the

records of the company, the company may by notice in writing addressed to the Member of that

attorney at least seven days before the date of a meeting require him to produce the original

Power of Attorney of authority and unless the same is thereupon deposited with the Company

not less than forty eight hours before the time fixed for the meeting the attorney shall not be

entitled to vote at such meeting unless the Directors in their absolute discretion excuse such

non production and deposit.

(iii) Every member entitled to vote at a meeting of the Company or any resolution to be

moved thereat shall be entitled during the period beginning twenty four hours before the time

fixed for the commencement of the meeting and ending with the conclusion of the meeting to

inspect the proxies lodged at any time during the business hours of the Company provided that

not less than three days notice in writing of the intention so to inspect is given to the Company.

37. Substituted the existing Article No. 113 with respect to “Validity of votes given by proxy

notwithstanding death of Member, etc” with the following revised Article No. 113

A vote given in accordance with the terms of an instrument of proxy shall be valid notwithstanding

the previous death or insanity of the principal or revocation of the Proxy or of any power of attorney

under which such proxy was signed to the transfer of the shares in respect of which the vote is given

provided that no intimation in writing of the death, insanity, revocation or transfer shall have been

received at the office before the meeting or adjourned meeting at which the proxy is used.

भााग दोोन (संंकीीर्णण)–४

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

38. Substituted the existing Article No. 114 with respect to “Time for objections to votes”

with the following revised Article No. 114

No Objection shall be made to the validity of any vote except at the meeting or adjourned meeting

or poll at which such vote shall be tendered, and every vote whether given personally or by proxy

not disallowed at such meeting or poll shall be deemed valid for all purposes of such meeting or poll

whatsoever

Any such objection made in due time shall be referred to the Chairperson of the meeting, whose

decision shall be final and conclusive.

39. Substituted the existing Article 121 with respect to “Qualification of Directors” and

replacing with following revised Article 121

No person shall be eligible to be elected as, or continue to occupy the office of, Director: In case

of any Director, if:-

(a) Unsound Mind

He is found to be a lunatic or becomes unsound of mind, or incapable of efficient attention

to business, or

(b) Absence

He absents himself from three consecutive meetings of the Board.

(d) Criminal Prosecution

He is convicted of a criminal offence and sentenced to imprisonment, or

(e) Resignation

He by notice in writing to the Board resigns his office. (in which case he shall cease to occupy

the office of Director then occupied by him but shall not be ineligible to be subsequently elected

as a Director), or

(f) Fit and Proper Person

He is not a “fit and proper person” as per the norms formulated by SEBI/ Board from time to

time in this behalf.

40. Inserted new Article 121A with respect to “Qualification Shares”

Qualification Shares

No Director shall be required to hold any share or qualification shares of the Company.

41. Substituted the existing Article No. 138 with respect to “Removal of Directors” with the

following revised Article No. 138

(a) The Company may, subject to the Article 118A and 118AA, the provisions of the Securities

Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 or any

modification thereto and the provisions of Section 169(1) of the Act, by ordinary resolution of which

special notice according to Section 169(2) of the Act has been given remove any Director before the

expiry of his period of office and may by ordinary resolution of which special notice has been given,

appoint another person instead of the removed Director. A Director so appointed shall hold office

until the date up to which his predecessor would have held office if he had not been so removed. If

the vacancy created by the removal of a Director under the provisions of this Article is not so filled

by the meeting at which he is removed, the Board may at any time thereafter fill such vacancy under

the provisions of these Articles.

(b) Special Notice shall be required of any resolution to remove a Director under this Article or

to appoint somebody instead of a Director so removed at the meeting at which he is removed.

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

shall forthwith send a copy thereof to the Director concerned, and the Director (whether or not he is

a Member of the Company) shall be entitled to be heard on the resolution at the meeting.

(d) Where notice is given of a resolution to remove a Director under this Article and the Director

concerned makes with respect to thereto representations in writing to the Company (not exceeding

a reasonable length) and requests their notification to Members of the Company, the Company shall

unless the representations are received by it too late for it to do so :-

(i) in any notice of the resolution given to Members of the Company, state the fact of the

representation having been made, and

(ii) send a copy of the representation to every Member of the Company to whom notice of

the meeting is sent (whether before or after receipt of the representations by the Company) and

if a copy of the representations is not sent as aforesaid because they were received too late or

because of the Company’s default, the Director may (without prejudice to his right to be heard

orally) require that the representations shall be read out at the meeting provided that copies of

the representations need not be sent out and the representations need not be read out at the

meeting, if on the application either of the Company or any other person who claims to be

aggrieved, the Court is satisfied that the rights conferred by this clause are being abused to

secure needless publicity for defamatory matter.

(e) A vacancy created by the removal of a Director under this Article may, if he had been appointed

by the Company in the General Meeting or by the Board, be filled by the appointment of another

Director in his stead, by the meeting at which he is removed, provided special notice of the intended

appointment has been given under clause (b) of this Article. A Director so appointed shall hold office

until the date up to which his predecessor would have held office if he had not been removed as

aforesaid.

(f) If the vacancy is not filled under sub-article (c) of this Article, it may be filled as a casual

vacancy in accordance with the provisions so far as they may be applicable of Article 125 and all the

provisions shall apply accordingly; provided that the Director who was removed from office shall not

be reappointed as a Director by the Board.

42. Inserted new Article 158A “Chief Executive Officer, Manager, Company Secretary and

Chief Financial Officer”

CHIEF EXECUTIVE OFFICER, MANAGER, COMPANY SECRETARY AND CHIEF

FINANCIAL OFFICER

Subject to the provisions of the Act —

(a) A chief executive officer, manager, company secretary and chief financial officer may be

appointed by the Board for such term, at such remuneration and upon such conditions as it may

think fit; and any chief executive officer, manager, company secretary and chief financial officer

so appointed may be removed by means of a resolution of the Board.

(b) A director may be appointed as chief executive officer, manager, company secretary or

chief financial officer.

to a Director and chief executive officer, manager, company secretary or chief financial officer

shall not be satisfied by its being done by or to the same person acting both as a Director and

as, or in place of, chief executive officer, manager, company secretary or chief financial officer.

43. Substituted the existing Article No. 160 with respect to “The Seal, its custody and use”

with the following revised Article No. 160

The Board shall provide a Common Seal for the purpose of the Company and shall have power

from time to time to destroy the same and substitute a new seal in lieu thereof, and the Board shall

भााग दोोन (संंकीीर्णण)–५

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

provide for the safe custody of the Seal for the time being and the Seal shall never be used except by

or under the authority of the Board or a Committee of Directors, except in the presence of atleast

two Directors, or of the secretary or any other person who may have been authorised in this regard

at the least, who shall sign every instrument to which the Seal is affixed provided that certificates

of shares may be under the signatures of such persons as provided by the Companies (Share capital

and Debentures) Rules, 2014 in force from time to time. Save as otherwise expressly provided by the

Act a document or proceeding, requiring authentication by the Company may be signed by a Directors,

or the Secretary or any other officer authorised in that behalf by the Board and need not be under

its Seal.

44. Substituted the existing Article No. 164 with respect to “Dividends in proportion to

amount paid up” with the following revised Article No. 164

The Company may pay Dividends in proportion to the amounts paid up or credited as paid up

on each share, where a large amount is paid up or credited as paid up on some shares then on others.

All dividends shall be apportioned and paid proportionately to the amounts paid or credited as

paid on the shares during any portion or portions of the period in respect of which the dividend is

paid; but if any share is issued on terms providing that it shall rank for dividend as from a particular

date such share shall rank for dividend accordingly.

45. Substituted the existing Article No. 173 with respect to “Unclaimed or unpaid dividends”

with the following revised Article No. 173

No dividend shall bear interest against the Company.

(1) Where the Company has declared a dividend but which has not been paid or claimed within

30 (thirty) days from the date of declaration to any Shareholder entitled to the payment of the

dividend, the Company shall within 7 (seven) days from the date of expiry of the said period of 30

(thirty) days, open a special account in that behalf in any scheduled bank called “Unpaid dividend

Account of National Stock Exchange of India Limited” and transfer to the said account, the total

amount of dividend which remains unpaid or unclaimed.

(2) Subject to the provisions of Section 124(5) of the Companies Act, 2013, any money transferred

to the Unpaid dividend Account of the Company which remains unpaid or unclaimed for a period of

seven years from the date of such transfer, shall be transferred by the Company along with interest

accrued, if any, thereon to the Investor Education and Protection Fund (the “Fund”).

(3) No unclaimed or unpaid dividend shall be forfeited by the Board before the claim becomes

barred by law provided that a recognized stock exchange may provisionally admit to dealing the

securities of a company which undertakes to amend articles of association at its next General Meeting

so as to fulfill the foregoing requirements and agrees to act in the meantime strictly in accordance

with the provisions of this clause. All unclaimed and unpaid dividends shall be dealt with as per

Section 124 and Section 125 of the Companies Act, 2013 and the rules made there under.

(4) The Company shall not be responsible for the loss of any cheque, dividend warrant or postal

order sent by post in respect of dividends, whether by request or otherwise, at the registered address

or the address communicated to the office before hand by the Member or for any dividend lost to the

Member or person entitled thereto by the forged endorsement of any cheque or warrant or the

fraudulent recovery thereof by any other means.

46. Substituted the existing Article No. 175 with respect to “Capitalisation of Profits” with

the following revised Article No. 175

(A) The Company in general meeting may, upon the recommendation of the Board, resolve—

(i) that it is desirable to capitalise any part of the amount for the time being standing to

the credit of any of the Company’s reserve accounts, or to the credit of the profit and loss account,

or otherwise available for distribution; and

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

(ii) that such sum be accordingly set free for distribution in the manner specified in clause

(B) below amongst the Members who would have been entitled thereto, if distributed by way of

dividend and in the same proportions.

(B) The sum aforesaid shall not be paid in cash but shall be applied, subject to the provision

contained in clause (C) below either in or towards:

(a) paying up any amounts for the time being unpaid on any Shares held by such Members

respectively;

(b) paying up in full, unissued Shares or other securities of the Company to be allotted and

distributed, credited as fully paid-up, to and amongst such Members in the proportions aforesaid;

(B);

(d) issuing fully paid-up bonus Shares; and

(e) A securities premium account and a capital redemption reserve account or any other

permissible reserve account may, for the purposes of these Articles, be applied in the paying up

of unissued Shares to be issued to Members as fully paid bonus Share.

(f) The Board shall give effect to the resolution passed by the Company in pursuance of

these Articles.

permissible reserve account may, for the purposes of this Article, be applied in the paying up of

unissued Shares to be issued to Members of the Company as fully paid bonus Shares;

47. Inserted new Article No. 175A “Power of Directors for declaration of Bonus Issue”

Power of Directors for declaration of Bonus Issue

(a) Whenever such a resolution as aforesaid shall have been passed, the Board shall:

(i) make all appropriations and applications of the undivided profits resolved to be capitalised

thereby, and all allotments and issues of fully paid shares or other securities, if any; and

(ii) generally do all acts and things required to give effect thereto.

(b) The Board shall have full power:

(i) to make such provisions, by the issue of fractional certificates or by payments in cash or

otherwise as it thinks fit, in the case of shares or debentures becoming distributable in fractions;

and

(ii) to authorize any person to enter, on behalf of all the Members entitled thereto, into an

agreement with the Company providing for the allotment to them respectively, credited as fully

paid up, of any further shares or other securities to which they may be entitled upon such

capitalization or as the case may require, for the payment by the Company on their behalf, by

the application thereto of their respective proportions of the profits resolved to be capitalized,

of the amount or any parts of the amounts remaining unpaid on their existing shares.

48. Substituted the existing Article No. 195 with respect to “Directors and other’s right to

indemnity” with the following revised Article No. 195

(1) Subject to the provisions of the Act, the Board of Directors, Managing Director, Managers,

Secretary and other officers or other employees for the time being of the company, Auditor and the

Trustees, if any, for the time being acting in relation to any of the affairs of the company and every

one of them and every one of their heirs, executors and administrators shall be indemnified and

secured harmless out of the assets and profits of the company from and against any liability incurred

byhim in defending any proceedings, whether civil or criminal, in which judgment is given in his

favour or in which he is acquitted or in which relief is granted to him by the court or the Tribunal,

भााग दोोन (संंकीीर्णण)–५अ

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

all actions, costs, charges, losses, damages and expenses which they or any of them, their heirs,

executors or administrators shall or may incur or sustain by or reason of any act done, concurred in

or omitted in or about the execution of their duty, or supposed duty in their respective officers or

trusts except such, if any, as they shall incur or sustain through or by their own willful neglect or

default respectively.

(2) Save and except so far the provisions of this Article shall be avoided by the Act, none of them

shall be answerable for the acts, receipts, neglects or defaults of the other or other of them, or for

joining in any receipt for the sake of conformity, or for insolvency of any bankers or other persons

with whom any money’s or effects belonging to the company shall or may be lodged or deposited for

safe custody or for the insufficiency or deficiency of any security upon which any money’s belonging

to the company shall be placed out or invested or invested or for any other loss, misfortune or damage

which may happen in the execution of their respective offices or trusts or in relation thereto, except

when the same shall happen by or though their own willful neglect or default respectively.

(3) Subject to the provisions of the Act, no Director or other officer of the company shall be liable

for the acts, receipts, neglect or default of any other Director or officer of the company or for joining

in any receipt or other act for conformity for any loss or expenses happening to the company through

the insufficiency or deficiency to title to any property acquired by the order of the Director for or on

behalf of the company or for the insufficiency or deficiency of any security in or upon which any of

the moneys of the company shall be invested or for any loss damage arising from the bankruptcy,

insolvency or tortuous act or any person with whom any moneys, securities or effects shall be deposited

or for any loss occasioned by any error of judgment or oversight on his part, or for any other loss, or

damage whatsoever, which shall happen in the execution of the duties of his office or in relation

thereto unless the same happens through his own negligence or dishonesty.

(4) Subject to the provisions of the Act (including Section 197 read with Section 196 and Schedule

V) and rules made thereunder, if the Company has obtained an insurance on behalf of its Managing

Director, Whole-Time Director, Manager, Chief Executive Officer, Chief Financial Officer or Company

Secretary for indemnifying any of them against any liability in respect of any negligence, default,

misfeasance, breach of duty or breach of trust for which they may be guilty in relation to the Company

the premium paid on such insurance shall not be treated as part of the remuneration payable to any

such personnel. Provided that if such person is proved to be guilty, the premium paid on such insurance

shall be treated as part of the remuneration.

49. Substituted the existing Article No. 196(2) with respect to “Manner of distribution of

assets” with the following revised Article No. 196(2)

(2) If the company shall be wound up, whether voluntarily or otherwise, the Liquidator may

with the sanction of special resolution divide among the members, in specie or in kind, the whole or

any part of the assets of the company whether they shall consist of property of the same kind or not

and for the purpose aforesaid, the liquidator may set such value as he deems fair upon any property

to be divided as aforesaid and may determine how such division shall be carried out as between the

members or different classes of members.

The liquidator may, with like sanction, vest any part of the assets of the Company in trustees

upon such trusts for the benefit of the contributors or any of them, as the Liquidator, with the like

sanction shall think fit, but so that no member shall be compelled to accept any shares or other

securities whereon there is any liability.

For National Stock Exchange of India Limited,

PRAJAKTA POWLE,

Company Secretary, ACS - 20135.

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

CIN : U67120MH1992PLC069769

Registered Office : Exchange Plaza, C-1, Block G, Bandra-Kurla Complex,

Bandra (East), Mumbai - 400 051, Maharashtra, India.

Tel: +91 22 2659 8100/Fax: +91 22 2659 8120/Website: www.nseindia.com/

Email : [email protected]

Pursuant to the provisions of Section 23 of General Clauses Act, 1897 read with applicable

provisions of the Securities Contracts (Regulations) Rules, 1957, if any, the proposed amendments

to the Memorandum of Association (“MOA”) of the National Stock Exchange of India Limited

(“NSEIL”) as given hereunder are published for objections/suggestions/criticism, if any, from persons

likely to be affected, in the Gazette of State of Maharashtra. Any person having any objections/

suggestions/criticism on the proposed amendments to MOA can send the same in writing to the kind

attention of the Secretarial Department of NSEIL at Exchange Plaza, Fourth Floor, ‘A’ wing, C-1,

Block G, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 051, within fifteen days from the

date of this publication in the Gazette of State of Maharashtra.

The objections/suggestions/criticism received after the aforementioned date will not be considered

once the proposed amendments are taken up by SEBI for its approval.

To align the existing MOA of the NSEIL with Table A of Schedule I of the Companies Act, 2013

(“the Act”) and in accordance with Sections 4, 13 and 15 of the Act, it is proposed to alter the MOA

of the NSEIL in following manner:

(i) Altered the Tittle of Clause III (A) and III (B) of the Object Clause;

(ii) Deletion / Omission of heading / title i.e. “OTHER OBJECTS”;

(iii) Merging the entire Object Clause 46 “Other Objects” with Clause III (B) – “Objects

Incidental or Ancillary to the attainment of the Main Objects”;

(iv) Revision of clauses of MOA and substitute it with existing clause to make it

consistent with Table A of Schedule I of the Companies Act, 2013.

The proposed Alteration / Changes are as follows:

1. The title of existing Clause III(A), “The main Objects to be pursued by the Company on its

incorporation are” be substituted by the new title / sub-heading “Clause III (A) - The Objects to be

pursued by the Company on its incorporation are”

2. The title of existing Clause III(B), “The Objects incidental or ancillary to the attainment of

the main objects” be substituted by the new title / sub-heading “Clause III (B) – Matters which are

necessary for furtherance of the objects specified in Clause III(A) are”

3. Omitted title / sub-heading “OTHER OBJECTS” after clause 45 of the existing MOA has

been deleted.

4. Substituted the existing Clause 15 with the following revised Clause 15

To enter into arrangements with any government or authority (central, state, municipal, local

or any other) or otherwise which may seem conducive to the Company’s objects or any of them and

to obtain from any such government or authority any concessions, grants or decrees, rights or

privileges, whatsoever which the Company may think fit or which may seem to the Company capable

of being turned to account and to comply with work, develop, carry out, exercise and turn to account

any such arrangements, concessions, grants, decrees, rights or privileges.

5. Substituted the existing Clause 22 with the following revised Clause 22

To amalgamate and or merge with any Company or companies or associations having objects

altogether or in part similar to those of this company.

Serial No. M-2513

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

6. Substituted the existing Clause 43 with the following revised Clause 43

To provide for the welfare of employees or ex-employees of the Company and the spouse and

families or the dependents or connections of such person by building or contributing to the building

of houses or dwellings or by grants of money, pensions, allowances, bonus or other payments or by

creating from time to time, subscribing or contributing to provident and other associations,

institutions, funds or trustees and by providing or subscribing or contributing towards place of

instruction and recreation, hospitals and dispensaries, medical and other attendance and other

assistance as the Company shall think fit.

7. Substituted the existing Clause 44 with the following revised Clause 44

To indemnify officers, Directors, and employees of the company against proceedings, costs,

damages, claims and demands in respect of anything done or ordered to be done, for and in the

interest of the Company or for any loss or damage or misfortune whatever happens in execution of

duties of their offices or in relation whereto.

8. Omitted existing declaration (a) of Clause 46 i.e. The objects incidental or ancillary to

the attainment of the main objects of the company as aforesaid shall also be incidental or ancillary

to the attainment of the other objects of the company herein mentioned.

Accordingly, the remaining clauses has been re-numbered as follows:

sub-clause 46(b) changed to 46(a)

sub-clause 46(c) changed to 46(b)

sub-clause 46(d) changed to 46(c)

The revised Clause 46 is as follows:

46. To take part in the management, supervision or control of the business or operations of any

company or undertaking and for that purpose to render technical and professional services and act

as administrators or in any other capacity, and to appoint and remunerate any directors, administrators

or accountants or other experts or agents for consideration or otherwise.

AND it is hereby declared that:

(a) The word “Company” save when used in reference to this Company, in this clauses shall be

deemed to include any partnership or other body of persons whether incorporated and not incorporated

whether domiciled in India or elsewhere, and

(b) The several sub-clauses of this Clause and all the powers thereof are to be cumulative and

in no case is the generality of any one sub-clause to be narrowed or restricted by any particularity

of any sub-clause nor is any general expression in any sub-clause to be narrowed or restricted by any

particularity of expression in the same sub-clause or by the application of any role of construction

ejusdem generis or otherwise.

territories from time to time comprised in the Union of India.

For National Stock Exchange of India Limited,

PRAJAKTA POWLE,

Company Secretary,

ACS - 20135.

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

बृहन्मुंं�बई महानगरपालि�काा

जाहीर सूचना

क्रमांं�क. उपायुुक्त/२१५४/ पा.सु.— बृहन्मुंं�बई महाानगरपाालि�काा अधि˜नि�यम १८८८ ( आजतागायत सुधारीत) च्यायाा कलम

२९७

(१) (ब) अन्वयेे खाालील प्रमााणेे जाहीर सूचनाा देण्यायाात येेत आहे.

बृहन्मुंं�बई महाानगरपाालि�केेच्यायाा 'आर / द' वि�भाागातील, कांं�दि�वलीी गावातील न. भु. क्र. 1094 A (pt), 1094 B (pt), 1094

C (pt), 1094 D (pt), 1088, 1085, 1095 C ला बााधि˜त करणााऱ्यायाा एम. जी. क्रॉस रोड क्र. ४ यायाा १८.३० मी रुंंद वि�काास नि�योोजन

रस्त्यायाास नकाशा क्रं. का. अ.वा.व.स./ प. उ. / ररेे / ३३८ दि�. ०३.०७.२०२५ मध्येे हि�रव्यायाा रंगाने 'अ' ते 'ब' दर्शवि�ल्यायााप्रमााणेे १८.३० मी.

(६०'००" ) रुंंदीची नि�यमि�त रेषा प्रस्तावि�त करण्यायााचाा प्रस्ताव दि�. २१.०९.२०२५ रोजीच्यायाा महाापालि�केेच्यायाा सभेेमध्येे किं�ंवा त्यायाानंतर जेव्हाा

केव्हाा सदरहुु प्रस्ताव नि�काालात काढता येेईल अशा महाापालि�केेच्यायाा सभेेत मांं�डण्यायाात येेईल.

उपरोक्त प्रवर्ततना

ात असलेेली प्रस्तावि�त नि�यमि�त रस्ता रेषा दर्शवि�णााराा नकाशा क्रं. का. अ.वा.व.स./प.उ. / ररेे / ३३८ दि�.०३.०७.२०२५,

उप प्रमुुख अभि�यंंता (वाहतूूक) यांं�च्यायाा इंंजीनीरिं�ंग हब इमाारत, तळ मजला, डॉ. ई. मोजेस रोड, वरळी

ी, मुंं�बई ४०० ०१८ येेथीील कार्याा�लयायाात

व सहााय्यक आयुुक्त, 'आर / दक्षििȦणण' वि�भााग कार्याा�लय, एम. जी. क्रॉस रोड क्र. २, सरदाार वल्लभभााई पटेल जलतरणण तलावाजवळ,

मुंं�बई ४०० ०६७ येेथीील कार्याा�लयायाात कार्याा�लयीीन वेेळेत नि�रीीक्षणासाठीी ठेवण्यायाात आला आहे.

ज्यायाा कोणाास उपरोक्त प्रस्तावि�त नि�यमि�त रेषेबााबत प्रति�वे

ेदनेे/ हरकती

ी पाठवाावयायााच्यायाा असतीील त्यांं�नीी त्यायाा महाानगरपाालि�काा

चि�टणीीसांं�च्यायाा कार्याा�लयायाात संंबंधि˜त सभेेच्यायाा दि�वसााच्यायाा अगोदर ३ (तीन) संंपूर्णण दि�वसांं�पूूर्वी प्रााप्त होतील अशाप्रकाारे पाठवााव्यायाात. कृपयायाा

त्यायाानंतर पाठवलेेली प्रति�वे

ेदनेे/ हरकती

ी वि�चााराात घेेतल्यायाा जाणाार नाहीत.

दि�नांं�क: २१ सप्टेंबर २०२५,

शशांं�क भोरे,

PRO/1623/ADV/2025-26.

उपायुुक्त.

(पायायााभूत सुवि�धाा).

महाराष्ट्र शासन राजपत्र, भाग दोन-संकीर्णणण सूचना व जाहि�राती,

गुरुवार ते बुुधवार, सप्टेंंबर १८-२४, २०२५/भाद्रपद २७-आश्विĐिन २, शके १९४७

BRIHANMUMBAI MUNICIPAL CORPORATION

Public Notice

No. DMC(Infra)/2154.—Pursuant to Section 297(1) (b) of Mumbai Municipal Corporation Act

1888, as modified up to date, the undersigned proposed to apply to the Municipal Corporation at

their meeting to be held on 21.09.2025 or on such day thereafter, as the said application can

conveniently be disposed off for authority to the following proposal.

"To prescribe 18.30 m wide R.L. to 18.30 m wide D.P. Road known as M.G. Cross Road No. 4

affecting land bearing CTS No. 1094 A (pt), 1094 B (pt), 1094 C (pt), 1094 D (pt), 1088, 1085, 1095C

of village Kandivali at Patel Nagar, Kandivali (W) in R/South ward shown as 'A-B' in green colour

on plan under section 297 (1) (b) of MMC Act, 1888".

A plan u/no. EE/T&C/WS/RL/338, dated 03.07.2025 showing the proposed Regular line to be

prescribe in substitution thereof aforesaid is deposited at the office of Deputy Chief Engineer (Traffic)

of Municipal Corporation and can be inspected by any desiring to do so, at any time during office

hours at his office at Engineering Hub Building, Zero Floor, Dr. E. Moses Road, Worli, Mumbai -

400 018 and also at the office of Assistant Commissioner 'R/South' ward, Mahatma Gandhi Cross

Road No. 2, Near SVP Swimming Pool, Kandivali (West), Mumbai 400 067.

Every person desirous of making any representation to the corporation or of bringing before the

Corporation any objection in respect of the said proposal may do so by letter addressed to the Municipal

Secretary at the Mahapalika Head office, Mahapalika Marg, Fort, Mumbai 400 001 and deliver at

the said office not less than 03 (three) clear days before the day of such meeting.

Dated this 21st day of September 2025,

SHASHANK BHORE,

PRO/ 1623 /ADV/2025-26.

D.M.C.

(Infrastructure).

ON BEHALF OF GOVERNMENT PRINTING, STATIONERY AND PUBLICATION, PRINTED AND PUBLISHED BY DIRECTOR,

RUPENDRA DINESH MORE, PRINTED AT GOVERNMENT CENTRAL PRESS, 21-A, NETAJI SUBHASH ROAD, CHARNI ROAD,

MUMBAI 400 004 AND PUBLISHED AT DIRECTORATE OF GOVERNMENT PRINTING, STATIONERY AND PUBLICATIONS,

21-A, NETAJI SUBHASH ROAD, CHARNI ROAD, MUMBAI 400 004. EDITOR : DIRECTOR, RUPENDRA DINESH MORE.