THE COMPANIES ORDINANCE, 1984
(Private Company Limited by Shares)
ARTICLES OF ASSOCIATION
OF
ABC (PRIVATE) LIMITED
1.
The Regulations contained in Table ‘A’ to the First Schedule to the Ordinance
shall be the regulations of (hereinafter called “the Company”) so far as these are
applicable to a private company.
2.
The subscribers of the Memorandum of Association of the company shall be the
first director of the company.
PRIVATE COMPANY
3.
The company is to be a Private company and accordingly.(i)
restricts the right to transfer its shares, if any;
(ii)
the number of members for the time being of the company shall (exclusive
of the persons who are in the employment of the company) not exceed
fifty, but where two or more persons hold one or more shares in the
company jointly, they shall for the purpose of this clause be treated, as a
single member;
(iii)
prohibits any invitation to the public to subscribe for the shares, if any, or
debentures of the company.
We the several persons, whose names and addresses are subscribed below are
desirous of being formed into a company under the Companies Ordinance, 1984, (as
adopted by Pakistan) in pursuance of this Memorandum / Articles of Association and we
respectively agree to take the number of shares in the capital of the company set opposite
to our respective name:
S.
No.
Name, Description and
Address of Subscribers
Profession &
Nationality
No. of shares
taken by
each
subscriber
Signatures