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Memorandum Of Association Of Educational Company

Memorandum Of Association Of Educational Company Template for Pakistan

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Key Requirements PROMPT example:

Memorandum Of Association Of Educational Company

"I need a Memorandum of Association of Educational Company for a new for-profit technical training institute in Lahore, Pakistan, planning to start operations in March 2025, with an authorized capital of PKR 10 million and potential for international certification partnerships."

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Document background
The Memorandum of Association of Educational Company is a mandatory legal document required when establishing an educational institution as a company in Pakistan. It serves as the foundation for the company's incorporation under the Companies Act 2017 and must be filed with the Securities and Exchange Commission of Pakistan (SECP). This document is essential when founders wish to establish an educational institution, whether for-profit or non-profit, and need to define its scope, objectives, and operational structure. It includes crucial information about the institution's educational mission, capital structure, liability limitations, and governance framework. The document must align with both federal and provincial education regulations, making it a critical tool for ensuring regulatory compliance from the outset of the educational venture.
Suggested Sections

1. Name Clause: States the official name of the educational company as approved by SECP

2. Registered Office Clause: Specifies the province/territory in Pakistan where the registered office will be situated

3. Objects Clause: Details the educational and ancillary objectives of the company, including types of education to be provided, target demographic, and scope of operations

4. Limited Liability Clause: Declaration that the liability of members is limited by shares/guarantee

5. Capital Clause: States the authorized share capital of the company, types of shares, and their nominal value

6. Association Clause: Expression of subscribers' desire to form a company and their agreement to take shares

Optional Sections

1. Non-Profit Declaration: Required if the educational institution is to be registered as a non-profit entity under Section 42 of Companies Act

2. Branch Operations: Include when the institution plans to operate multiple campuses or branches

3. Foreign Collaboration: Required if the institution has partnerships with foreign educational entities

4. Special Educational Services: Include when offering specialized education services like special needs education or vocational training

5. Research and Development: Include for higher education institutions focusing on research activities

Suggested Schedules

1. Subscriber Details: List of founding subscribers with their details, signatures, and number of shares subscribed

2. Educational Programs: Detailed list of educational programs, courses, and qualifications to be offered

3. Infrastructure Details: Specifications of educational facilities, laboratories, libraries, and other infrastructure

4. Governance Structure: Organizational chart and management structure of the institution

5. Compliance Certificates: Copies of necessary educational board approvals and compliance certificates

6. Financial Structure: Details of initial investment, fee structure, and financial planning

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions


































Clauses























Relevant Industries

Education

Higher Education

Professional Training

EdTech

Real Estate (for educational facilities)

Professional Services

Non-Profit Organizations

Research and Development

Vocational Training

Educational Consulting

Relevant Teams

Legal

Compliance

Corporate Governance

Finance

Administration

Academic Affairs

Operations

Board Secretariat

Regulatory Affairs

Corporate Planning

Relevant Roles

CEO/Managing Director

Company Secretary

Legal Counsel

Education Director

Compliance Officer

Board Member

Chief Financial Officer

Academic Director

Operations Manager

Regulatory Affairs Manager

Corporate Governance Officer

Educational Program Director

Institution Head

Finance Director

Administrative Director

Industries







Teams

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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