FilmIndia (1939)

This is an abridged copy of the pre} CINE FINANCE & BANKING Capital Rs. 1,00,00,000 Divided into 190,000 preferred ordinary shares of Rs. 50 each Rs. 95,00,000 and 500,000 deferred ordinary shares of Re. 1 each Rs. 5,00,000 The Preferred Ordinary Shares are entitled to a preferential dividend at the rate of six per cent, per annum from out of the profits of any one year on the amount paid up or credited as paid up on their shares and thereafter all shareholders of either denomination shall rank equally in the distribution of any profits available for distribution. In the event of a winding up or sale of the Company's assets the Preferred Ordinary shareholders shall be entitled to preferential distribution to the extent of the sum paid up or credited as paid up on their shares and thereafter all shareholders of either denomination shall rank equally in the division of any surplus assets. Subscriptions for Preferred Ordinary shares are payable: on application, Rs. 10: on allotment, Rs. 10 and Rs. 30 on call after an interval of not less than two months. The Preferred Ordinary Shareholders are entitled to one vote for each share and the Deferred Ordinary Shareholders to one vote for every twelve shares held. It should be noted that under the terms of the Prospectus the managing agents receive no participation whatsoever in the profits of the Corporation, other than that participation which will accrue to them directly as a result of their successful management, by virtue of their holding of Deferred Ordinary Shares under the purchase agreement. They therelore, can receive no participation in the profits until after the subscribers to the cash cavital have received a dividend at the rate of six per cent, per annum, and even then, the 3hares held by the manaqinq agents will rank PARI PASSU with the shares held by the subscribers in cash to the capital of the Corporation. DIRECTORS Lieut -Col. SIR RICHARD TEMPLE. Bart., D.S.O., Director of the Bombay Talkies, Ltd., Khot Bungalow. Malad. Bombay Suburban District, (Chairman.) SIR DHANJISHAH BOMANJI COOPER, Kt., J.P., M.L.A., ExRevenue & Finance Member, Govt, of Bombay, Managing Director: Cooper & Co., Ltd., Satara; Hindusthan Engineering & Implement Co., Ltd., Satara. Director; Mysore Chemical & Fertilizers Ltd., Mysore; The Mysore Glass & Enamel Works Ltd., Bangalore. SIR KAILAS N. HAKSAR, K.C. I.E., LL.D., Prime Minister, Bikaner State, Bikaner; Director, Eastern Federal Union Insurance Co. of Calcutta; Model Building Corporation, Delhi; Nerbudda Valley Refrigerator Products Co., Bhopal; Delhi Safe Deposit Co., etc. Rao Bahadur D. A. SURVE, Prime Minister, Kolhapur, Chairman, Vikram General Assurance, Ltd.; Director, The Bank of Kolhapur, Ltd.; The Kolhapur Sugar Mills, Ltd. Rajya Bhushan Rai Bahadur KANHAIYALAL BHANDARI, Eanker and Mill-Owner, Indore. MATHHRADAS T. ASSOMULL, Partner, Wassiamull Assomull & Co., Bankers, Bombay. Rai Bahadur NARAINDAS POHOOMULL, Partner, Pohoomull Bros., Bankers, Bombay. SHETH TRIKAMLAL GIRDHARLAL, President of the Federation of Baroda State Mills and Industries; Director, The Baroda Spg. & Wvg. Mills, Ltd., New Baroda Mills Co.. Ltd.. Maneklal Harilal Mills, Ltd., Ahmedabad, Sidhpur Mills Co., Ltd., Sidhpur, Lokseva Press & News Paper, Ltd., Baroda. RANGILDAS VARAJDAS KHANDWALA, Esq., Surat, Director, Bombay Alliance Assurance Co., Ltd., Udwada Wapi Electric Co., Ltd.. Surat Banking Corporation, Ltd., Member, Advisory Beard, Central Bank of India. Ltd., Surat. Rao Bahadur RAMNATH SWAMINATHA AIYAR. Retired Dy. Chief Accounts Officer, G.I.P. Railway, Bombay. ARCHIE ROWLAND THOMAS, Esq., Barrister-at-Law, Taj Mahal Hctel, Bombay. MIRZa RASHID ALI BAIG, Esq.. Merchant, Rabia Mansions, Worli Point. Bombay. BANKERS Hongkong & Shanghai Banking Corporation; Bank of India Ltd. SOLICITORS Messrs. Madhavji & Co., 33, Meadow Street. Bombay. ( Incorporated um AUDITORS Messrs. S. B. Billimoria & Co., 113, Esplanade Road, Bombay. Messrs. Natwerlal Vepari & Co., Churchgate St., Bombay. MANAGING AGENTS & REGISTERED OFFICE Sirarty, Limited, Merchant Bankers, Nanjee Building, Elphinstone Circle, Fort, Bombay. PROSPECTUS The Corporation has been formed with the objects specified in the Memorandum of Association and in particular to contribute to the co-ordination of the various branches of the Cinematograph Industry in India, the organisation of its essential services and the rationalised development of the industry as a whole. The Corporation's activities will be departmentalized in a series of companies which the Corporation itself will finance and control. Each of these companies will be conducted by experienced executives, as set out hereunder: PRODUCTION: Cine Producers of India, Limited, financed and controlled by Cine Finance & Banking Corporation of India, Limited, will produce films in India, primarily for the Indian market and secondarily for the International market. It is proposed to organise and control moving picture production in various centres as and when, in the opinion of the Directors, suitable opportunities arise. This will be done either by financing existing productionunits of proved experience and capability; by contracting with such units, or by underwriting the share capital of companies for the purpose, beginning with Bombay. SERVICING: Cine Services of India, Limited, financed and controlled by Cine Finance & Banking Corporation of India. Ltd.. will fulfil an urgent need by the servicing of film studios throughout the whole of India. There is no existing organisation of its kind and studios are constantly embarrassed and put to considerable expense by the lack of expert technical assistance in dealing with plant and laboratory troubles. It is economically impossible to carry the necessary equipment efficiently to undertake this work independently for each studio; but the proper maintenance of each and every studio in India can be