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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Daily agri report by epic research limited of 17 march 2017
1. DAILY AGRI COMMODITY REPORT
17 March 2017
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2. Market Views
2
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
MONT
H
OPEN HIGH LOW
CLOS
E
% CHG VOL
TURMERIC
APR 6550 6610 6514 6540 -0.15 2240
INTRADAY
LEVELS
SUPPORT SUPP. 1
6499
SUPP. 2
6459
PIVOT
6555
Turmeric short term trend
is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6595
RES. 2
6651
CORIANDER
APR 6850 6925 6850 6898 1.04 10960
INTRADAY
LEVELS
SUPPORT SUPP.1
6857
SUPP. 2
6816
PIVOT
6891
Coriander short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
6932
RES. 2
6966
GUARGUM 5MT
APR 8050 8100 8027 8071 0.71 310
INTRADAY
LEVELS
SUPPORT SUPP. 1
8032
SUPP. 2
7993
PIVOT
8066
Guargum Short term
trend is bearish and may
continue in coming days.
RESISTAN
CE
RES. 1
8105
RES. 2
8139
CASTORSEED
FEB - - - - - -
INTRADAY
LEVELS
SUPPORT SUPP. 1
-
SUPP. 2
-
PIVOT
-
-
RESISTA
NCE
RES. 1
-
RES. 2
-
3. Most Active Contract
3
NCDEX INDICES
Index Value
Pre.
Close
%
Change
Castorseed 4311 4278 0.77
Chana - - -
Coriander 6825 6707 1.76
Guargum5MT 8041 7807 3.00
Jeera 16790 16690 0.6
Musterseed 3827 3802 0.66
Soybean 2820 2788 1.15
Turmeric 6532 6618 -1.3
TOP GAINERS
Symbol Expiry Date Current Price Change Change %
WHEAT 20-03-2017 1625.00 35.00 2.20%
SOYAMEAL-DOMESTIC 20-03-2017 23300.00 300.00 1.30%
CORIANDER 20-04-2017 6898.00 73.00 1.07%
BARLEY 20-04-2017 1524.50 15.50 1.03%
JEERA 20-03-2017 16935.00 145.00 0.86%
TOP LOSERS
Symbol Expiry Date Current Price Change Change %
GUAR SEED 10 MT 20-03-2017 3726.00 -22.00 -0.59%
SUGAR M GRADE 20-03-2017 3700.00 -1.00 -0.03%
4. Commodities In News
4
ECONOMIC NEWS
The government will link 400 of the 585 wholesale mandis in India with
the electronic national agriculture market (e-NAM) by this month end to
ensure that farmers get better rates for their produce, Agriculture Minister
Radha Mohan Singh said today. The rest will be linked by next March, he
said. Singh said the government's focus is on increasing output of
agriculture as well as allied sectors and reducing production costs to double
the farmers' income by 2022. He also said that India will produce 22
million tonnes of pulses this year and is expected to become self-sufficient
in this area within 2-3 years. The current demand for pulses is about 25
million tonnes. "We will link 400 mandis on electronic trading platform e-
NAM by end of this month and all 585 mandis by March 2018 under the e-
NAM programme," Singh said after inaugurating the 3-day Krishi Unnati
Mela here. Prime Minister Narendra Modi had in April last year launched
e-NAM on a pilot basis with 22 mandis in eight states. As many as 250
mandis were integrated till September last year. `
ETC Agro Processing India, a subsidiary of African agricultural
conglomerate ETG Group, said it is currently negotiating with International
Finance Corporation (IFC) for a $30 million loan for setting up four pulses
milling plants in Kolkata. The total cost of the project is estimated to be
$98 million, which will be used for setting up the plants, to meet working
capital needs and trading expenses. Responding to ET mail, ETG said that
the company is in discussion with IFC to finalise the interest rate and other
terms for the loan. It has also said that the full project would be live by mid
of this year. IFC, the private investment arm of World Bank, said in its
disclosure that the proposed $30 million investment will be for five years.
According to IFC, ETC Agro is India's largest pulses processing and
marketing platform. ETC Agro is a 60% subsidiary of ETC Group.
Founded Founded in Kenya in 1967, ETG is one of the largest agricultural
conglomerates in Africa. "The proposed project entails final construction of
a cluster of four pulses milling plants in the Port of Kolkata in an area
zoned for green business activities such as grains milling, tea packing, etc,“
Soyabean futures traded marginally higher on NCDEX, boosted by
increase in meal exports. Reports from SEA showed that India exported
207,977 tonnes soymeal in February, up from 29,950 tonnes in the year
- ago period. Further, higher prices in international markets for
soyabean too added support to domestic soyabean prices. Though,
expectations of plentiful South American supply capped some gains.
The contract for March delivery was trading at Rs 2809.00, up by
0.75% or Rs 21.00 from its previous closing of Rs 2788.00. The open
interest of the contract stood at 23030 lots. The contract for April
delivery was trading at Rs 2867.00, up by 0.35% or Rs 10.00 from its
previous closing of Rs 2857.00
Turmeric futures edged higher on NCDEX on rising exports demand
at the spot market. On the export front, country exported about 82,115
tons during April-December period, up by 28% compared to last year
exports of 64,105 tons. Though, some gains were capped on higher
arrivals from the producing regions. Reports showed that the turmeric
arrival in the country is higher at 50,506 tons during March 1-13
compared to 11,057 tons during previous month. The contract for April
delivery was trading at Rs 6652.00, up by 0.51% or Rs 34.00 from its
previous closing of Rs 6618.00. The open interest of the contract stood
at 11660 lots
Jeera futures edged up on NCDEX on reports of lower production
estimates in Gujarat and improved exports in 2016/17 financial year.
On the export front, Jeera exports from country increase by 26.9% to
1.33 lt for the calendar year 2016 while the exports increase by 36.7%
to 93,724 tons in first 9 month of marketing year 2016/17. The contract
for March delivery was trading at Rs 16775, up by 0.51% or Rs 85.00
from its previous closing of Rs 16690. The open interest of the contract
stood at 645 lots.
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up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.
The information given herein should be treated as only factor, while making investment decision. The report does not provide
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Lovelesh
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Date: 2017-03-16 19:59+05:30