I. The name of the Company is Telangana Police Housing Corporation Limited.

II. The registered office of the Company will be situated in the state of Telangana.

III. (a) THE OBJECTS TO BE PURSUED BY THE COMPANY ON ITS INCORPORATION ARE:

1. To formulate and execute Housing Schemes for the benefit of employees of the Police Prisons, Fire and other user Departments, Government of Telangana

2. To undertake construction of buildings for the housing of personnel of the Police Department.

3. To undertake construction of buildings for Police Stations and other offices and facilities for the Police Department, and construction of buildings (including residential quarters) for the Prisons, Fire Services & Other Departments, as entrusted by the Government, from time to time.

4. To execute maintenance and repairs of Police residential buildings, Police Station Buildings and other buildings of the Police, Prisons and other Departments, as entrusted by the Government, from time to time.

5. To execute any other deposit/other works, as entrusted by the Government other agencies, from time to time to the Corporation.

III (b) MATTERS WHICH ARE NECESSARY FOR FURTHERANCE OF THE OBJECTS SPECIFIED IN CLAUSE III (a) ARE :

1 To raise funds necessary for the above and other allied objects, by issue of share capital, securing loans from Government and other approved sources including Financial Institutions and Banks on reasonable rates of interest, to arrange for their utilization and proper repayment, to obtain the grants available from the central or / and State Government to achieve the aforesaid objects and to undertake construction works for other Agencies and manufacture and
sale of building materials, so that the profits there from may be utilized for the aforesaid objects.

2 To borrow or raise money by the issue of or upon bonds, debentures bills of exchange promissory notes or other obligations or securities of the Company, or by mortgage, hypothecation pledge or charge of all or any part of the property of the Company or of its uncalled capital or in such other manner as the Company shall think fit;

3 To enter into contracts with persons, institutions or organizations to carry out the above objects.

4 To procure and arrange for the necessary machinery material equipment, technical and managerial assistance, information, instruction supervision and other facilities for the purpose or carrying into effect any of the aforesaid objects:

5 To sell, improve manage, develop, exchange, lease, mortgage, enfranchise, dispose of, turn to account or otherwise deal with all or any part of the property and rights of the Company:

6. To acquire the lands and buildings necessary for carrying out any of the objects of the Company by recourse to proceedings under the Land Acquisition Act or any other law for the time being in force or otherwise:

7. To Acquire, by purchase by direct negotiation, exchange or otherwise, any property necessary for or affected by, execution of the schemes of the Company:

8. Generally to purchase, take on lease or in exchange, hire or otherwise, acquire any real or personal property and any rights or privileges which the Company may think necessary or convenient for the purpose of its activities and in particular any land, buildings, easements, machinery, plant and stock in trade;

9. To enter into any arrangements with the Government of Telangana or the Government of India or any other Government of a State or Local Authority, or any person for the purposes of carrying out the objects of the Company or furthering its interests and to obtain from such Governments or Authority or person, any charter’s, subsidies, loans indemnities, grants, contracts, licenses, rights, concessions, privileges or Immunities which the Company may think it desirable to obtain and exercise and comply with any such arrangements, rights, privileges and concessions;

10. To make, draw, accept, endorse, discount, execute, issue and negotiate cheques, bills of exchange, promissory notes, debentures and other negotiable or transferable instruments, but not to do the business of banking, as defined in the Banking Companies Act, 1949 (Central Act 10 of 1949);

11. To invest any moneys of the Company not for the time being required for any of the purposes of the Company In such investments (other than shares of stocks in the Company) as may be considered proper and to hold or otherwise deal with such investments;

12. To receive money on deposit and to lend money and/or give such help whether monetary or otherwise and on such terms and conditions with or without interest to such persons or companies and on such terms and as may seem expedient.

13. To enter into partnership or into any arrangements for sharing profits union of interests, Co-operation, joint adventure, reciprocal concession, or otherwise, with any person or company or companies carrying on or engaged in or about to carry on, or engage in any business or transaction which this company is authorized to carry on or engaged in or any business or transaction capable of being conducted so as directly or indirectly to benefit this Company. And to lend money to, guarantee the contracts or otherwise assist, any such person or company and to take or otherwise acquire shares and securities of any such Company, and to sell, hold, reissue, with or without guarantee, or otherwise deal with the same.

14. (a) To establish, maintain and operate general educational institutions, schools and colleges and hostels for the benefit of the children of the employees or ex-employees of the Company, their dependants or connections of such person and others and to make grants and awards and grant scholarships;

(b) To establish, maintain and operate hospitals, dispensaries, first aid centers and other medical institutions, public health installations, markets, shops and stores, clubs cinemas and entertainment places, motor transport services, housing colonies, hotels, and restaurants, guest houses, hostels, dhobykhanas, dairies, fire stations etc. for the benefit of the Company’s employees and their families and others;

15. To provide drainage facilities, lighting, laying of roads, paths and parks etc, in the construction and for housing schemes formulated, propounded, executed or adopted by the Company;

16. (a) To lay or relay out of any land comprised in the schemes, to distribute or redistribute sites or houses, to close or demolish dwellings or portions of dwellings unfit for human habitation, to demolish obstructive buildings or portions of building the construction and reconstruction of buildings their maintenance and preservation the construction and alteration of streets and backlanes, the provision of draining, water supply and lighting of the area included in the schemes; the provisions of parks, playgrounds and open spaces for the benefit of any area comprised in the schemes or any adjoining area and the enlargement of existing parks, approaches;

(b) To execute maintenance and repairs of Police Residential Buildings, Police Station Buildings and other Police Departmental Buildings as entrusted by the Government from time to time to the Corporation.

(c) To execute any other deposit / other works as entrusted by the Government / other agencies from time to time to the Corporation.

17. To provide facilities for communication and transport for the benefit of residents and persons employed in the schemes including provision of loans for procurement of equipments, vehicles, gadgets etc. for communication, transport and discharge of statutory functions by the police personnel and/or the police department in general or any other Government department /authority/ agencies. 1

18. The collection of such information, data and statistics may be necessary for the enforcement of its objects;

19. And generally to do all such other matters and things as may appear to be incidental or 1 Amended vide special resolution passed in the extra ordinary general meeting held on 5 th May, 2018 conducive to the attainment of the above objects or any of them or consequential upon the exercise of its powers or discharge of its duties, and for the general efficiency of its schemes;

IV. The liability of members is limited and this liability is limited to the amount unpaid, if any, on the shares held by them.

V. The authorized share capital of the Company is Rs. 1,50,00,000/- (Rupee one crore fifty lakhs only) divided into 15,000 (Fifteen thousand) Equity Shares of Rs 1,000/- (Rupees one thousand only) each. with the rights privileges and conditions attaching thereto as may be provided by the Articles of Association of the Company for the time being with power to increase and reduce the Capital of the Company and to divide the equity shares in the Capital into several classes and to attach thereto respectively such preferential, or special rights, privileges and conditions and to vary, modify, amalgamate or abrogate any such rights, privileges or conditions in such manner but subject always to the provisions of the Companies Act, 2013.