(1.) Debendra Nath Bhattacharya, since deceased, and Deb Kanta Roy were the promoters of Gluco Series P. Ltd. (hereafter referred to as "the company") which was incorporated on November 11, 1959. At the incorporation of the company, Debendra subscribed for 1,000 shares and Deb Kanta subscribed for 200 shares of Rs. 100 each.
(2.) The main object of the company is to manufacture and sell glucose of various types.
(3.) The articles of association of the company provide, inter alia, as follows: