Memorandum of Association

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Alteration in Memorandum of Association
Corporate law and Islamic ethics

Tables of contents

Memorandum of association2
by Memorandum of company limited shares:-3
Memorandum of a company limited by guarantee:-3
Memorandum of unlimited company:-5
Printing, signature, etc., of memorandum:-5
GENERAL REQUIREMENTS8
REASONS FOR MAKING ALTERATION IN MEMORANDUM OF ASSOCIATION.8
EXAMPLE:9
PROCEDURE OF AMENDMENT IN MEMORANDUM OF ASSOCIATION.10
Check List of Documents required to be submitted with the application to SECP.11
Power of Authority when confirming alteration:-12
Exercise of discretion by Authority:-12
Procedure on confirmation of the alteration:-13
Effect of failure to register within ninety days:-14
Related case:14

Memorandum of Association:

Memorandum of association is the documents needed to form a company. This document should contain * The company name.
* The address where the registered office of the company is located. * The objects of the company.
* The name and addresses of the directors of the company Depending on the type of the company other clauses can be included in the memorandum. by Memorandum of company limited shares:-
In the case of a company limited by shares:-
(a) the memorandum shall state:-
(i) the name of the company with the word "limited" as the last word of the name in the case of a public limited company, and the parenthesis and words "(Private) Limited" as the last words of the name in the case of private limited company; (ii) the Province or the part of Pakistan not forming part of a Province, as the case may be, in which the registered office of the company is to be situate; (iii) the objects of the company, and except in the case of a trading corporation, the territories to which they extend; (iv) that the liability of the members is limited; and

(v) the amount of share capital with which the company proposes to be registered, and the division thereof into shares of a fixed amount;  (b) no subscriber of the memorandum shall take less than one share; and  (c) each subscriber of the memorandum shall write opposite to his name the number of shares he takes. Memorandum of a company limited by guarantee:-

In the case of a company limited by guarantee.:-
(a) Whether or not the company has a share capital, the memorandum shall state:- (i) The name of the company with the parenthesis and words "(Guarantee) Limited" as the last words of its name; (ii) The Province or the part of Pakistan not forming part of a Province, as the case may be, in which the registered office of the company is to be situate; (iii) The objects of the company, and, except in the case of a trading corporation, the territories to which they extend; (iv)That the liability of the members is limited; and

(v) That each member undertakes to contribute to the assets of the company in the event of its being would up while he is a member, or within one year afterwards, for payment of the debts and liabilities of the company contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for adjustment of the rights of the contributories among themselves, such amount as may be required, not exceeding a specified amount; (b) if the company has a share capital:-

(i) the memorandum shall also state the amount of share capital with which the company proposes to be registered and the division thereof into shares of a fixed amount; (ii) no subscriber of the memorandum shall take less than one share; and (iii) each subscriber shall write opposite to his name the number of shares he takes, Memorandum of unlimited company:-

In the case of an unlimited company:-
(a) whether or not the company has a share capital, the memorandum shall state:- (i)  the name of the company;
(ii) the Province or the part of Pakistan not forming part of a Province, as the case may be, in which the registered office of...
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