1. The name of society (hereinafter called "The Society"), is "Industrial Diamonds Association of India".

2. The office of the Society will be situated at Mumbai in the state of Maharashtra. C/o Bombay Chamber of Commerce & Industry, Mackinanon Makanzie Building., Ballard Estate, Mumbai - 400 001.

(a) To promote, encourage, advance and create a spirit of co-operation amongst all members, and impart information, instructions and skill full knowledge to members in particular and to citizen in all parts of the world in general on all matters concerning the Industrial Diamond Association.

(b) To provide a meeting place for imparting information instructions and skillful knowledge, for exchange of view of all person and /or bodies concerned and/or interested in the aim and object of the Society.

(c) To co-ordinate the activities of all persons and/or bodies concerned and/or interested in the aim and object of society and for that purpose provide a channel or communication with similar or allied bodies, associations or societies in countries outside India.

(d) To arrange suitable lecture and demonstration by various means with a view to impart skillful knowledge pertaining to industrial diamonds and industry thereof and to create a desire and interest in the development of the industrial diamond industry in India.

(e) To start, establish, conduct, maintain and manage reading rooms, libraries, laboratories, publishing house and the like for the purpose of facilitating and spreading education pertaining to industrial diamonds for the benefit and use of the members of the Society.

(f) To start, conduct and distribute publications, periodicals and magazines for the spread of knowledge and information regarding industrial diamond industry in India and in other countries.

(g) To receive, entertain and examine complaints and grievances of the members in particular and of the public in connection with the industrial diamond industry in India and to attend to and take up such complaints and grievances with the authorities or the government concerned.

(h) To investigate into and solve problems peculiar to the industrial diamond industry with a view to develop the growth and progress of this industry in India.

(i) To co-operate with the government and to seek and obtain representation on bodies or committees which are formed to promote the industrial diamond industry in and outside India.

(j) To protect, safeguard and further the interests of the industrial diamond industry and the industries connected therewith in India by representation, petitions and memorials and deputations to the Central or State Government or to any other government or to any public body or authority or to any official or non-official organization or minister or officer representing such Government or bodies.

(k) To buy, purchase, take on lease or in exchange, hire or otherwise acquire any movable or immovable property of any tenure or description and any state or interest thereon and any rights or privileges which the Society may think necessary or convenient for the promotion of its objects and to construct, maintain and alter any buildings or erections necessary or convenient for the work of the Society.

(l) To sell, let, lease, mortgage, exchange, gift, dispose of, manage, develop, build or alter or improve or turn to account all or any of the property or assets of the Society as may be thought expedient with a view to the promotion of its objects.

(m) To receive and accept donations or contributions in cash or kind from any person or persons, society or company for the furtherance of the aims and objects of the Society and upon such terms and conditions as the Society may in its absolute discretion determine from time to time.

(n) To engage, employ and remunerate person for carrying on the work of the Society on such terms as may be determined from time to time.

(o) To borrow or raise money for the purpose of carrying out the aims and objects of the Society on such terms and by giving such security as may be determined from time to time.

(p) To invest and deal with money of the Society not immediately required for any of its objects in such manner as may be provided by the rules and regulations of the Society and as may from time to time be determined.

(q) To pay out of the funds belonging to the Society or out of any particular part of such funds all expenses of or incidental to the formation of the Society and management and administration of any of the foregoing object including all rents taxes, out-goings and the salaries of the employees.

(r) To amalgamate with any other society, Institution or Association having objects wholly or in part similar to the objects of the Society.

(s) To draw, make, accept, discount, endorse, negotiate, buy, sell and issue bills of exchange, Government of India and other Promissory Notes, cheques, Warrants, debentures and other negotiable or transferable instruments or securities and for that purpose sign, execute and deliver such assurance and deeds as may be necessary.

(t) To do all such lawful deeds, acts, matters and things as are conducive, incidental or ancillary to the attainment of all or any one or more of the foregoing aims and objects of the Society.

4. The management of the affairs of the Society is entrusted in accordance with the rules and regulations of the Society to the Executive Committee of which the first members are :

We the undersigned, being desirous of forming a Society to be registered under the Societies Registration Act, 1860, have subscibed our names and adresses to this Memorandum.