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Company Limited By Guarantee Memorandum Of Association
"I need a Company Limited By Guarantee Memorandum Of Association for establishing a non-profit educational institution in Lahore, Pakistan, with an initial guarantee amount of PKR 100,000 per member and specific provisions for operating multiple campus locations."
1. Name Clause: States the exact name of the company with 'Limited' as suffix and declaration that it's a company limited by guarantee
2. Registered Office Clause: Specifies the province in Pakistan where the registered office of the company will be situated
3. Objects Clause: Detailed description of the main objects and ancillary objects of the company, emphasizing its non-profit nature
4. Liability Clause: Declaration that liability of members is limited by guarantee
5. Guarantee Clause: Specifies the amount each member undertakes to contribute to company assets if wound up
6. Association Clause: Declaration of intention to form a company and agreement to subscribe to the memorandum
7. Prohibition of Payment of Dividend: Statement that no dividend shall be paid to members and profits shall be used for promoting objects
8. Application of Income and Property: Details how the company's income and property shall be applied solely towards the promotion of company objects
1. Powers Clause: Detailed list of powers the company may exercise to achieve its objects. Optional but recommended for clarity
2. Branch Offices: Provision for establishing branch offices within or outside Pakistan. Include if company plans geographic expansion
3. Amendments Clause: Specific procedures for altering the memorandum. Include if wanting more detailed amendment procedures than statutory provisions
4. Language Clause: Specification of official language(s) for company documents. Include if operating in multiple linguistic regions
5. Religious/Charitable Objects: Specific clauses for religious or charitable activities. Include if company has religious or charitable purposes
1. Schedule I - Subscriber Information: Details of initial subscribers including names, addresses, occupations, and guarantee amounts
2. Schedule II - Initial Board of Directors: List of first directors with their consent and details
3. Schedule III - Specified Objects: Detailed breakdown of specific activities and programs to achieve company objects
4. Appendix A - Forms of Undertaking: Standard forms for guarantee undertakings by members
5. Appendix B - Regulatory Compliance Checklist: Checklist confirming compliance with relevant SECP regulations
Authors
Non-Profit Organizations
Education
Healthcare
Social Services
Religious Organizations
Environmental Conservation
Arts and Culture
Sports and Recreation
Research and Development
Professional Associations
Trade Associations
Charitable Organizations
Community Development
Humanitarian Aid
Legal
Corporate Secretarial
Compliance
Corporate Governance
Board of Directors
Executive Leadership
Corporate Affairs
Regulatory Affairs
Administrative
Risk Management
Chief Executive Officer
Company Secretary
Legal Counsel
Compliance Officer
Board Director
Non-Profit Director
Corporate Governance Officer
Registration Officer
Legal Administrator
Board Chairman
Chief Financial Officer
Corporate Affairs Manager
Regulatory Affairs Director
Non-Profit Administrator
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