Company Limited by Shares – Public Co. – Articles of Associations
ARTICLES OF ASSOCIATION
OF
……………………………….….. LIMITED
[Name of the Company]
- The Regulations contained in Table ‘A’ to the First Schedule to the Companies
Act, 2017 (the “Act”) shall be the regulations of ……………………LIMITED(the “Company”) so far as these are applicable to a private company.
PUBLIC COMPANY
- The Company is a “Public Company” within the meaning of Section 2(1)(52) of the Act and accordingly:
- The number of the members of the Company (exclusive of persons in the employment of the Company), shall not be limited, provided that for the purpose of this provision. where two or more persons hold one or more shares in the company jointly, they shall be treated as single member, and
- The right to transfer shares of the Company shall not be restricted in the manner and to the extent herein appearing.
- The Authorized Share Capital of the Company shall be PK Rs. ———– divided into ——– ordinary shares of Rupees ——- each.
- The minimum subscription upon which the directors may proceed to make the first allotment has been fixed as Rs._______
TRANSFER OF SHARES
- The directors shall not refuse to transfer any fully paid shares unless the transfer deed is invalid or defective.
DIRECTORS
- The number of directors shall not be less than three or a higher number as fixed under the provisions of Section 159 of the Act. The following persons shall be the first directors of the Company and shall hold the office up to the date of First Annual General Meeting
Sr. No Name of the Directors
1.
2.
3.
We, the several persons whose names and addresses are subscribed below, are desirous of being formed into a company, in pursuance of these articles of association, and we respectively agree
to take the number of shares in the capital of the company set opposite our respective names:
Name
and surname (present & former) in full (in Block Letters) |
NIC No.
(in case of foreigner, Passport No) |
Father’s/
Husband’s Name in full |
Nationality
(ies) with any former Nationality |
Occupation | Usual residential address in full or the registered/
principal office address for a subscriber other than natural person
|
Number of
shares taken by each subscriber (in figures and words) |
Signatures |
Total number of shares taken (in figures and words) |
Dated the____________ day of_________________, 20___
Witness to above signatures: (For the documents submitted in physical form)
___
Signature | |
Full Name (in Block Letters) | |
Father’s/ Husband’s name | |
Nationality | |
Occupation | |
NIC No. | |
Usual residential address |