Presentation1 ,,SD

8/4/2019 Presentation1 ,,SD

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Business LawFinal project presentationPresented to:

Sir Umer Zaka


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Agenda1. Companies Ordinance 1984.2. How a company can be formed

3. Registration of Company4. MOA5. AOA

6. Clauses


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Companies Ordinance 1984

The Companies Ordinance, 1984 shall not apply to the Companyexcept in so far as the same are expressly made applicable by the

said Ordinance, or these Articles. The regulation for management ofthe Company, and for the observance thereof by the members of theCompany, and their representatives shall, subject as aforesaid andto any exercise of the statutory power of the Company in referenceto the repeal or alteration of or addition to its regulations by SpecialResolution as prescribed by the said Ordinance; be such as are

contained in these Articles.


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Registration of the company

APPLICATION FOR AVAILABILITY OF NAME:

1. Application for the availability of the company name must be madeto the Registrar accompanied with original challan fee payment ofRs.200

2. The name must not be inappropriate, deceptive, designed toexploit or defend any religion, be identical or have a closeresemblance with that of an existing company name.

3. On receiving the application, the Registrar issues a certificate ofavailability of name within 2 days if he thinks fit.

4 The name is reserved for 30 days from the receiving of thecertificate of the availability of name.

5. On failure of the promoters to get the company registered within30 days from the receipt of such certificate, the Registrar


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Registration of the company

Memorandum of association

Name clause

Registered office details

Object clause

Liability clause

Shared capital clause


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Documents required to be filed for:A) A Private Limited Company

. Photocopies of National Identity Cards or passports in case of foreigners, of all thepromoters/subscribers and witnesses to the memorandum and articles of association.

II. 4 copies of Memorandum & Article of Association of the Company duly signed by eachsubscriber in the presence of one witness. One copy should be affixed with special adhesive

stamps at the rates prescribed under the Stamp Act, 1899 (Table-1). (Annex.1)

III. Photocopy of certificate of availability of the name issued by the Registrar.

IV. Form 1 (Annex-2) in triplicate duly filled and signed. This form is the declaration of compliancewith the pre-requisites for formation of the Company. Form 1 is also required to be witnessed byone person and it should be affixed with a stamp of Rs. 50/. This declaration can be made by any

one of the following persons:

a) An advocate entitled to appear before a High Court/Supreme Court

b) A Chartered Accountant/ A Cost and Management Accountant practicing in Pakistan.

V. The Company is required to notify the whereabouts of its registered office on Form 21 (Annex-3)within 28 days from the date of its incorporation, but to facilitate communication and for the sake of

convenience, this form is normally submitted with the registration documents.

VI. Form 29 (Annex-4) particulars of directors and other officers. In fact the directors are required tobe elected by subscribers within 14 days from the date of incorporation, but to facilitate

communication and for convenience, this form is normally submitted with the registrationdocuments.


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For Public Limited Company

In addition to the documents required to be filed for aprivate limited company, the public limited companyrequires the following to be filed as well.a) Form 27(Annex.6) i.e. List of persons consenting to

act as director.b) Form 28(Annex.7) i.e. Consent to act as director/chiefexecutive.


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Memorandum of association

1.The name of the Company is SKF (PRIVATE) LIMITED.

2. The Registered Office of the Company shall be situated in the Province of PUNJAB.

III. The objects for which the Company is established are to carry out in Pakistan any orall of the following business.

To provide security services to banks, financial institutions, commercial and industrialorganizations.

3.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 thecompany shall think fit for its business and in particular by the issue of debentures ordebenture stock, perpetual or otherwise charge upon all or any of the companys

property and other assets both present and future, to purchase, redeem, or pay off anysuch securities.

4..To open, close and operate banking accounts of the company with any bank.

5.To employ and remunerate the officials and servants of the company or any person orfirm or company rendering services to the company.


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ARTICLES OF ASSOCIATION

Interpretation

Private company

Business

Shares and capitalTransfer and transmission of shares

Borrowing power

Reserves

General meetings


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Thank you