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The name of the Company is: ABC ENGINEERING (PRIVATE)
The Registered Office of the Company will be situated in province of Punjab.
The objects for which the Company is established are all or any of the following: -
1. To carry on the business of steel mills, iron founders, iron masters, iron and steel converter, mechanical engineers, manufacturers of steel sheets, iron sheets, iron bars, lron, beams, pipes, guarders, nuts, bolts, screws, agricultural implements and all kinds of machinery parts, cycle parts, tool makers, brass founders, metal workers, boiler makers, mill-weights, mill stores, wood workers, painters, metal lurgists, electrical engineers, gas generators, framers printers, carriers and merchants and to buy, sell, manufacture, repair, convert, alter, let on hire, and deal in machinery implements, rolling stocks, and hardwares of all kinds and to carry on any other allied business as permissible under law.
2. To install mills and factories to achieve the above ends.
3. To manufacture, import, assemble, export, buy sell, let on hire, exchange, alter, improve, manipulate, prepare for market and/or otherwise deal in or distribute all kinds of plants, machineries, machine parts, tools, apparatus, utensils, raw material and substances necessary or convenient for carrying on any of the above specified business or other allied marketable commodities.
4. To sell the finished products and buy raw materials.
5. To carry on the business or businesses of acquiring, constructing, owning, managing, setting up or operating various industries such as iron and steel mills, engineering works, mechanical works, cardboard, hardboard and straw board mills, paper and paper products mills, glass factories, sugar mills, ghee mills, oil mills, flour mills, cement factories, gas cylindering and purifying mills, acid factories, manufacturers of electrical goods, appliances and machinery for industrial purposes.
6. To carry on the business of industrial managements consultants, town planners, land developers, builders, contractors, designers architectures, engineers, technical and mechanical engineers, surveyors, valuers, appraisers, decorators, furnishers, furniture makers, merchants and dealers in cement, steel, iron, wood, coal, timber and other building requisites and job contractors.
7. To act as dealers, traders, commission agents, brokers, mercantile construe agents, distributors, stockists, importers, exporters, shipping, clearing and business forwarding agents, selling agents, indenting agents, advertising agents, representatives of commercial, industrial, agricultural and manufacturing concerns.
13. To purchase, acquire, and takeover the properties and assets, undertaking and liabilities of any other business carried on by any person, firm or company having similar objects of this company, along with the name, goodwill, licences, quotas, tenancy rights, agencies, concessions or any other rights and privileges which the company may think necessary or convenient for the purposes of its business.
14. To borrow or raise money by means of loans from commercial banks, government or other financial institutions and share-holders in such manner as the company may think fit and in particular by issue of debentures, perpetual or otherwise convertible into shares or non- convertible of this or any other company or perpetual annuities and as security for any such money so borrowed, or received and to mortgage, pledge or charge whole or any part of the property, assets or revenue of the company, present or future by special assignment or otherwise to transfer or convey the same absolutely or in trust as may seem expedient and to purchase, redeem or payoff any such securities.
15. To guarantee the performance of the contract and obligation of the company in relation to the payment of any loan, debenture, stockbonds obligations or securities issued by or in favour of the company or a loan advanced to any other person or company as may be considered necessary whether directly or indirectly to carry on or advance the business of the company and to guarantee the performance or return of such investment.
16. It is declared that notwithstanding anything contained in the foregoing objects clauses of this
Memorandum of Association nothing shall construe any power upon the company to undertake or indulge in the business of a banking company, any investment company, leasing company, insurance company, managing agents, agency business or any other unlawful business or operations directly or indirectly.
17. Notwithstanding any thing stated in any object clause, the company shall obtain such other approval or license from competent authority, as may be required under any law for the time being in force, to undertake a particular business.
IV. The liability of the members is limited.
V. The share capital of the Company is Rs.5,000,000/- (Rupees Five Million) divided into 50,000 ordinary shares of Rs.100/- each with power to increase and reduce the Capital of the Company and to divide the shares in the capital for the time being into several classes in accordance with the provisions of the Companies
Ordinance, 1984.