SECTION 99 RESERVE LIABILITY OF THE COMPANY

1. Subject - Reserve Liability of the Company.

2. Passing Authority - General Meeting.

3. Nature of the Resolution - Special Resolution.

4. Specimen Resolution:

"That the capital of the company to the extent of Rs.5/- per share in the issued share capital of 15,00,000 equity shares of Rs.10/- each (Rs.5/- called up) shall not be capable of being called up except in the event and for the purposes of the company being wound up."

5. Guidelines:

1) Once the capital is made reserved, it can not be turned thereafter into unreserved.

2) Reserve Capital may be cancelled on a reduction of capital.

3) The purpose is to make money available to creditors on winding up.

6. Filing:

Form 23--within 30 days.