THE COMPANIES ORDINANCE, 1984
(COMPANY LIMITED BY SHARES)
MEMORANDUM OF ASSOCIATION
OF
XYZ (PRIVATE) LIMITED
I.
The name of the Company is ABC (PRIVATE) LIMITED.
II.
The Registered Office of the Company shall be situated in the Province of --------.
III.
The objects for which the Company is established are to carry out in Pakistan any
or all of the following business.
1.
To provide security services to banks, financial institutions, commercial
and industrial organizations.
2.
To borrow by means of loans or secure the payment of money from
shareholders, directors, commercial banks and government approved
agencies in such manner as the company shall think fit for its business and
in particular by the issue of debentures or debenture stock, perpetual or
otherwise charge upon all or any of the company’s property and other
assets both present and future, to purchase, redeem, or pay off any such
securities.
3.
To open, close and operate banking accounts of the company with any
bank.
4.
To employ and remunerate the officials and servants of the company or
any person or firm or company rendering services to the company.
It is declared, that notwithstanding anything contained in the forgoing objects
clauses of this Memorandum of Association nothing contained therein shall be
construed as empowering the Company to undertake an investment or insurance
business either directly or indirectly restricted under law or to undertake any
unlawful operation.
It is also declared that,
a.
The subject company does not establish any training institute
/establishment for supply of manpower to other agencies or commercial
purpose.
b.
The company shall not act as an investigation/ interrogation agency.
c.
The company shall not establish its commercial office in residential areas.
IV.
The liability of the members is limited.
V.
The authorized share capital of the Company is Rs. --------- (Rupees ---------) divided into Rs. ------------ (Rupees -------------) ordinary shares of Rs.
-------- (Rupees ------------- ) each with the power to increase or reduce the
capital, to divide the shares for time being into several classes and subject
to Section 90 of the Companies Ordinance 1984, to attach thereto such
rights, privileges and condition in such manner as many, for the time being
be provided be the regulation of the Company. The Company further
reserves to itself the right to increase authorized capital in accordance with
the regulations for the time being in force, and in accordance with law.
We, the several persons whose names and addresses are subscribed, are desirous of
being formed into a company, in pursuance of this memorandum of association, and we
respectively agree to take the number of shares in the capital of the company set opposite
our respective names.
Name and
surname
(present &
former) in
full (in
Block
Letters)
1. AB
2. CD
3. ABC
Ltd
through
EF.
NIC No. (in
case of
foreigner,
Passport
No)
Father's/
Husband's
Name in
full
Nationality
with any
former
Nationality
Occupation
Residential
Address in
full
AB
Total number of shares taken
Dated the.................................... day of ...................................................20...........
Witness to above signatures.
...........................................................................
(Full Name, NIC No, Father's/Husband's Name)
Full Address, Occupation (in Block Letters)
Number of
shares taken
by each
subscriber
Signatures