Existing Article of Association for PLC - page 30

30
(b)
if posted to and from an address within Kuwait, sent by recorded post to the
registered address of any person in which case any notice so sent shall be deemed
to be served three clear days after the day it was posted;
(c)
if posted other than as described in (a) or (b) above, sent by recorded air-mail to
the registered address of any person in which case any notice so sent shall be
deemed to be served five clear days after the day it was posted;
(d)
delivered by hand to the registered address of any person in which case any notice
so delivered shall be deemed to be served at the time of delivery; or
(e)
sent by courier to the registered address of any person in which case any notice so
delivered shall be deemed to be served three clear days after the day it was
deposited with the courier.
42.3
Any Member present in person at any meeting of the Company shall, for all purposes, be
deemed to have received due notice of such meeting and, where requisite, of the purposes
for which such meeting was convened.
42.4
Any notice or document served on a Member shall, notwithstanding that such Member be
then dead or bankrupt and whether or not the Company has notice of his death or
bankruptcy, be deemed to have been duly served on such Member as sole or joint holder,
unless his name shall at the time of the service of the notice or document have been
removed from the Register, and such service shall for all purposes be deemed a sufficient
service of such notice or document on all persons interested (whether jointly with or as
claiming through or under him) in the shares of such Member.
42.5
Notwithstanding any of the provisions of these Articles, any notice to be given by the
Company to a Director or to a Member may be given in any manner agreed in advance by
any such Director or Member.
43.
Winding Up
43.1
Subject to any particular rights or limitations for the time being attached to any shares, as
may be specified in these Articles or upon which such shares may be issued, if the
Company is wound up, the assets available for distribution among the Members shall be
applied first in repaying to the Members the amount paid up on their shares respectively,
and if such assets shall be more than sufficient to repay to the Members the whole amount
paid up on their shares, the balance shall be distributed among the Members in proportion
to the amount which at the time of the commencement of the winding up had been
actually paid up on their said shares respectively.
43.2
If the Company is wound up, the Company may, with the sanction of a Special Resolution
and any other sanction required by the Law, divide the whole or any part of the assets of
the Company among the Members in specie and the liquidator or, where there is no
liquidator, the board, may, for that purpose, value any assets and determine how the
division shall be carried out as between the Members or different classes of Members, and
with the like sanction, vest the whole or any part of the assets in trustees upon such trusts
for the benefit of the Members as he with the like sanction determines, but no Member
shall be compelled to accept any assets upon which there is a liability.
44.
Indemnity
44.1
In so far as the Law allows, every present or former officer of the Company shall be
indemnified out of the assets of the Company against any loss or liability incurred by him
by reason of being or having been such an officer.
45.
Non-Application of Standard Table
45.1
The regulations constituting the Standard Table in the Companies (Standard Table)
(Jersey) Order 1992 shall not apply to the Company.
1...,20,21,22,23,24,25,26,27,28,29 31,32
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