Memorandum of Association

2540 Words11 Pages
Alteration in Memorandum of Association Corporate law and Islamic ethics Tables of contents Memorandum of association 2 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 REQUIREMENTS 8 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…show more content…
Printing, signature, etc., of memorandum:- (1) The memorandum shall be:- (a) printed; (b) divided into paragraphs numbered consecutively; (c) signed by each subscriber who shall add his present name and surname in full, any former name or surname in full, his occupation and father's name or, in the case of a married woman or widow, her husbands or deceased husband's name, in full, his nationality and, if that nationality is not the nationality of origin, also the nationality of origin, and his usual residential address in full, in the presence of at least one witness who shall attest the signature and shall likewise add his father's name or, in the case of a married woman or widow her husband's or deceased husband's name, in full, as the case may be, address and occupation; and (d) dated. (2) Notwithstanding anything contained in this Ordinance or in any other law for the time being in force or the memorandum and articles, the memorandum and articles of a company shall be deemed to include, and always to have includes, the power to enter into any arrangement for obtaining loans, advances or credit, as defined in the Banking Companies Ordinance, 1962 (LVII of 1962), and to issue other securities not based on interest for raising resources from a
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