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Memorandum Of Association Of Pharmaceutical Company

Memorandum Of Association Of Pharmaceutical Company Template for Pakistan

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Key Requirements PROMPT example:

Memorandum Of Association Of Pharmaceutical Company

"I need a Memorandum of Association of Pharmaceutical Company for a new Pakistani pharmaceutical manufacturing company that will focus on producing generic medications, with an authorized capital of PKR 100 million, to be registered in Karachi by March 2025."

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Document background
The Memorandum of Association of Pharmaceutical Company is a mandatory legal document required under Pakistani law when establishing a pharmaceutical company. It must be filed with the Securities and Exchange Commission of Pakistan (SECP) and comply with both the Companies Act 2017 and DRAP regulations. This document defines the company's fundamental characteristics, including its name, registered office location, objects clause specifically tailored for pharmaceutical operations, liability structure, and capital composition. It serves as the company's charter for external affairs, setting out the scope and limitations of its pharmaceutical activities, manufacturing permissions, research capabilities, and distribution rights. The MOA is particularly crucial in the pharmaceutical sector due to the stringent regulatory requirements and public health implications of pharmaceutical operations. It forms part of the company's constitution along with the Articles of Association and requires careful drafting to ensure compliance with both corporate and pharmaceutical regulatory frameworks.
Suggested Sections

1. Name Clause: States the exact registered name of the pharmaceutical company as approved by SECP

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

3. Objects Clause: Details the pharmaceutical company's business objectives, including drug manufacturing, research, distribution, and other permitted activities under DRAP regulations

4. Liability Clause: Declares whether liability of members is limited by shares or guarantee

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

6. Association Clause: Declaration of subscribers' intent to form the company and take up shares

Optional Sections

1. Subsidiary Objects: Additional business activities related to pharmaceutical operations, used when company plans to diversify into related sectors

2. Foreign Collaboration: Specific provisions for foreign technical collaboration or licensing, included when planning international partnerships

3. Research & Development: Detailed provisions for R&D activities, included for companies focusing on drug development

4. Environmental Compliance: Special provisions for environmental protection measures, included for companies with significant manufacturing operations

5. CSR Activities: Corporate Social Responsibility objectives, included for companies planning significant community engagement

Suggested Schedules

1. Capital Structure Schedule: Detailed breakdown of share classes, rights, and initial subscription

2. Subscriber Details: Complete information about initial subscribers including names, addresses, occupations, and shares subscribed

3. Manufacturing Facilities: Details of proposed manufacturing facilities and their locations

4. Product Categories: List of pharmaceutical product categories the company intends to manufacture or trade

5. Regulatory Compliance Declaration: Declaration of compliance with DRAP requirements and other relevant regulations

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

Pharmaceuticals

Healthcare

Manufacturing

Biotechnology

Chemical Industry

Research and Development

Medical Devices

Healthcare Distribution

Clinical Research

Relevant Teams

Legal

Compliance

Regulatory Affairs

Corporate Governance

Executive Leadership

Quality Assurance

Manufacturing

Research & Development

Finance

Company Secretariat

Risk Management

Business Development

Relevant Roles

Chief Executive Officer

Company Secretary

Legal Counsel

Compliance Officer

Regulatory Affairs Director

Quality Assurance Manager

Manufacturing Director

Research & Development Director

Corporate Governance Officer

Board of Directors

Chief Financial Officer

Business Development Manager

Production Manager

Corporate Attorney

Risk Management Officer

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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