Document background
Charter Articles of Incorporation are essential when establishing a new company in Pakistan or converting an existing business into a corporate entity. This document is mandatory under the Companies Act 2017 and must be submitted to the Securities and Exchange Commission of Pakistan (SECP) as part of the company registration process. The Articles define the company's internal management structure, shareholders' rights, directors' powers, and procedural matters for corporate operations. They serve as a contract between the company and its shareholders, as well as among the shareholders themselves. The document needs to be drafted carefully to ensure compliance with Pakistani corporate law while providing sufficient flexibility for future business operations. Once registered, these Articles become publicly available and can only be altered through special resolution procedures specified by law.
