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Business Law: Final Project Presentation Presented To: Sir Umer Zak

Companies Ordinance, 1984 shall not apply to the company except in so far as the same are expressly made applicable by the said Ordinance, or these articles. The name must not be inappropriate, deceptive, designed to exploit or defend any religion, be identical or have a close resemblance with that of an existing company name.

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Sana Shahid
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51 views

Business Law: Final Project Presentation Presented To: Sir Umer Zak

Companies Ordinance, 1984 shall not apply to the company except in so far as the same are expressly made applicable by the said Ordinance, or these articles. The name must not be inappropriate, deceptive, designed to exploit or defend any religion, be identical or have a close resemblance with that of an existing company name.

Uploaded by

Sana Shahid
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPT, PDF, TXT or read online on Scribd
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Business Law

Final project presentation Presented to: Sir Umer Zaka

Agenda
1. Companies Ordinance 1984. 2. How a company can be formed 3. Registration of Company 4. MOA 5. AOA 6. Clauses

Companies Ordinance 1984


The Companies Ordinance, 1984 shall not apply to the Company except in so far as the same are expressly made applicable by the said Ordinance, or these Articles. The regulation for management of the Company, and for the observance thereof by the members of the Company, and their representatives shall, subject as aforesaid and to any exercise of the statutory power of the Company in reference to the repeal or alteration of or addition to its regulations by Special Resolution as prescribed by the said Ordinance; be such as are contained in these Articles.

Registration of the company


APPLICATION FOR AVAILABILITY OF NAME: 1. Application for the availability of the company name must be made to the Registrar accompanied with original challan fee payment of Rs.200 2. The name must not be inappropriate, deceptive, designed to exploit or defend any religion, be identical or have a close resemblance with that of an existing company name. 3. On receiving the application, the Registrar issues a certificate of availability of name within 2 days if he thinks fit. 4 The name is reserved for 30 days from the receiving of the certificate of the availability of name. 5. On failure of the promoters to get the company registered within 30 days from the receipt of such certificate, the Registrar

Registration of the company


Memorandum of association Name clause Registered office details Object clause Liability clause Shared capital clause

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

Photocopies of National Identity Cards or passports in case of foreigners, of all the

promoters/subscribers and witnesses to the memorandum and articles of association. II. 4 copies of Memorandum & Article of Association of the Company duly signed by each subscriber 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 compliance with the pre-requisites for formation of the Company. Form 1 is also required to be witnessed by one 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 to be 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 registration documents.

For Public Limited Company


In addition to the documents required to be filed for a private limited company, the public limited company requires 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/chief executive.

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 or all of the following business. To provide security services to banks, financial institutions, commercial and industrial organizations. 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 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 companys property and other assets both present and future, to purchase, redeem, or pay off any such 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 or firm or company rendering services to the company.

ARTICLES OF ASSOCIATION

Interpretation Private company Business Shares and capital Transfer and transmission of shares Borrowing power Reserves General meetings

Thank you

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