Memorandum Of Association Of Real Estate Company

Memorandum Of Association Of Real Estate Company Template for Pakistan

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Key Requirements PROMPT example:

"I need a Memorandum of Association of Real Estate Company for a new property development firm in Lahore, with an authorized capital of PKR 100 million, focusing on luxury residential projects and including provisions for potential foreign investment by March 2025."

Document background

The Memorandum of Association of Real Estate Company is a mandatory document required when incorporating a real estate company in Pakistan. It serves as the company's charter and defines its fundamental characteristics, powers, and limitations. This document is essential for registration with the Securities and Exchange Commission of Pakistan (SECP) and must comply with the Companies Act 2017. It contains crucial information about the company's objectives, particularly in real estate development, property management, and related activities. The memorandum becomes a public document upon registration and is vital for potential investors, stakeholders, and regulatory compliance. It sets out the parameters within which the company can operate and forms the basis for all future business activities in Pakistan's real estate sector.

Suggested Sections

1. Name Clause: States the official name of the 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 primary and ancillary business objectives of the real estate company, including property development, sales, leasing, and related activities

4. Liability Clause: Declares the limited liability nature of the company and members' liability limitations

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

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

7. Subscriber Information: Details of initial subscribers including names, addresses, occupations, and number of shares subscribed

Optional Sections

1. Additional Business Activities: Optional clause for potential future business activities like property management services or construction

2. Foreign Investment Clause: Required if the company plans to have foreign investment or international operations

3. Branch Office Provisions: Include if the company plans to operate multiple offices across different provinces

4. Special Rights Provisions: Include if different classes of shares with special rights are to be issued

5. Joint Venture Provisions: Required if the company plans to enter into joint ventures for real estate projects

Suggested Schedules

1. Subscriber Sheet: Detailed information about subscribers including their signatures and witness details

2. Share Capital Structure: Breakdown of different types of shares, their rights, and nominal values

3. Initial Directors: List of first directors with their details and consent

4. Property Assets Schedule: If applicable, list of properties or assets already owned or committed to the company

5. Compliance Declaration: Declaration of compliance with relevant real estate and corporate laws

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

Real Estate

Property Development

Construction

Property Management

Real Estate Investment

Legal Services

Corporate Services

Financial Services

Construction Materials

Urban Development

Commercial Property

Relevant Teams

Legal

Compliance

Corporate Governance

Board of Directors

Executive Leadership

Real Estate Operations

Property Development

Corporate Affairs

Risk Management

Investment

Finance

Company Secretariat

Relevant Roles

CEO

Company Secretary

Legal Counsel

Corporate Lawyer

Compliance Officer

Real Estate Director

Property Development Manager

Board Member

Chief Financial Officer

Managing Director

Corporate Governance Officer

Business Development Director

Risk Management Officer

Operations Director

Investment Manager

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