SECTION 224(5) APPOINTMENT OF FIRST AUDITORS

1. Subject - Appointment of First Auditors.

2. Passing Authority - Board of Directors.

3. Nature of the Resolution - Resolution with simple majority.

4. Specimen Resolution

"That ABC & Co., of Chennai be and are hereby appointed Auditors of the Company to hold office until the conclusion of the first Annual General Meeting of the Company at remuneration of Rs. 5,000 and reimbursement of expenditures at actuals."

5. Guidelines:

1) The appointment must be made within one month from the date of registration of the company.

2) The auditor re-appointed will hold office until the conclusion of the first Annual General Meeting unless the company in general meeting decides otherwise.

6. filing: Not applicable.