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Articles Of Incorporation For One Person Corporation Template for Pakistan

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Key Requirements PROMPT example:

Articles Of Incorporation For One Person Corporation

"I need Articles of Incorporation for a One Person Corporation in Pakistan for my new tech startup focusing on AI software development, with an authorized capital of 10 million PKR and provisions for potential future expansion into international markets by March 2025."

Document background
Articles of Incorporation for a One Person Corporation are essential when an individual wishes to establish a limited liability company with a single shareholder in Pakistan. This document is required under the Companies Act 2017 and must be filed with the Securities and Exchange Commission of Pakistan (SECP). It serves as the company's constitutional document, detailing crucial information such as company name, objectives, capital structure, governance framework, and the single member's details. The document is particularly relevant for entrepreneurs seeking to formalize their business while maintaining sole ownership and limiting personal liability. It must comply with specific requirements set forth by SECP regulations and provides the legal foundation for the company's existence, operations, and future growth.
Suggested Sections

1. Name and Type of Company: States the proposed name of the company and specifies it as a Single Member Company

2. Registered Office: Specifies the complete address of the company's registered office in Pakistan

3. Objects of the Company: Details the primary and secondary business objectives of the company

4. Liability: Declaration of limited liability of the single member

5. Capital Structure: Details of authorized capital, number and types of shares, and paid-up capital

6. Single Member Details: Complete information about the sole member including name, CNIC/passport, address, and nationality

7. Powers and Duties of Single Member: Outlines the authority and responsibilities of the single member

8. Board of Directors: Provisions regarding appointment, removal, and powers of directors (if any besides the single member)

9. Meetings and Resolutions: Procedures for company meetings and passing resolutions

10. Company Secretary: Provisions regarding appointment and duties of the company secretary

11. Accounts and Audit: Requirements for maintaining accounts and conducting audits

12. Seal: Provisions regarding the company seal and its use

Optional Sections

1. Additional Business Activities: Used when the company plans to engage in multiple business activities beyond its primary purpose

2. Branch Offices: Include when the company plans to establish branch offices

3. Foreign Investment: Required when there is foreign investment involvement or potential

4. Share Transfer Provisions: Detailed procedures for future share transfers if conversion to multiple shareholders is contemplated

5. Borrowing Powers: Specific provisions regarding the company's authority to borrow money

6. Digital Communications: Provisions for conducting business and meetings through electronic means

7. Succession Planning: Provisions for succession in case of death or incapacity of the single member

Suggested Schedules

1. Schedule I - Subscriber's Declaration: Formal declaration by the single member accepting the terms of incorporation

2. Schedule II - Capital Structure Details: Detailed breakdown of the company's share capital structure

3. Schedule III - Objects Classification: Detailed classification of business objects as per SECP requirements

4. Schedule IV - Initial Appointments: Details of initial appointments of directors (if any), company secretary, and other officers

5. Schedule V - Bank Account Details: Information about the company's bank account(s)

6. Appendix A - Specimen Signatures: Specimen signatures of the single member and appointed officers

7. Appendix B - Consent Letters: Consent letters from appointed directors and officers

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Retail

Technology

Professional Services

Manufacturing

Trade

E-commerce

Construction

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Real Estate

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Relevant Teams

Legal

Corporate Affairs

Compliance

Finance

Administration

Company Secretariat

Risk Management

Corporate Governance

Business Development

Executive Leadership

Relevant Roles

Business Owner

Entrepreneur

Company Secretary

Legal Counsel

Corporate Lawyer

Compliance Officer

Chief Executive Officer

Managing Director

Business Consultant

Tax Consultant

Company Registrar

Legal Director

Corporate Affairs Manager

Business Development Manager

Financial Controller

Industries







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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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