logging in or signing up Business Law khalilrehm Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 2559 Category: Education License: All Rights Reserved Like it (2) Dislike it (1) Added: May 29, 2009 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... By: hashi143 (12 month(s) ago) good Saving..... Post Reply Close Saving..... Edit Comment Close By: umairumi88 (14 month(s) ago) plz allow me to dwnld ths prsntn Saving..... Post Reply Close Saving..... Edit Comment Close By: adhithyaraja (21 month(s) ago) nice one Saving..... Post Reply Close By: rinkigupta58 (2 month(s) ago) nice presentation. plz allow me to dwnld it. I have need of it....... Saving..... Edit Comment Close Premium member Presentation Transcript Business Law Presentation : Business Law Presentation Presented To Umer Zaka Presented By Khalil ur Rehman Faisal khan TOPIC : TOPIC Memorandum of Association & Articles of Association of MNF (PVT) LTD Clauses OF MOA : Clauses OF MOA Definition : Definition Memorandum of Association The Memorandum defines the powers and objects of the company particularly as regards the dealing of the company with the outside world. It regulates the external affairs of the companies. Following companies required to file Memorandum of Association. Company limited by share. Company limited by guarantee. Unlimited company. Clauses for Memorandum of Association : Clauses for Memorandum of Association 1. Name of the Company The Name of the company is "MNF (Private) Limited". Registered Office The Registered Office of the Company will be situated in the Province of Punjab. Clauses for Memorandum of Association : Clauses for Memorandum of Association 3. Objects of the Company To carry on and undertake trading business and to act as importers, exporters, buyers, sellers traders, suppliers, manufacturers and commission agents of general item products and materials in any form or shape manufactured or supplied by any company, firm, association of persons, body, whether incorporated or not, individuals, Government, Semi-Government or any local authority. To act as agents or representatives of foreign and local manufacturers, consultants of plants, machinery, materials or other articles for sale to any Government, local authorities, firms, companies, associations of persons or individuals and also to import and export such items (except managing agency), and any other item permissible under the law. Clauses for Memorandum of Association : Clauses for Memorandum of Association To carry on the business of importers and exporters of all legally permissible kinds of goods, articles and things either manufactured, semi-manufactured or raw materials, and to act as sales representatives either on commission or on profit sharing basis of all kinds of legally permissible goods and materials. 4. Liabilities of Members. The Liability of the members is limited. It has to be stated in company limited by guarantee whether it has share capital or not. This clause is not required in unlimited company. Clauses for Memorandum of Association : Clauses for Memorandum of Association 5. Authorized Capital Authorized Capital of the Company is Rs.1, 000,000 (Rupees One Million only) Divided into 10,000 ordinary Shares of Rs.100 (Rupees one Hundred only) each with powers to increase and reduce the capital of the company and to divide the shares in the capital for the time being into several classes in accordance with the provisions of the Companies Ordinance, 1984. Division of Share Capital Pervaiz Musharaff (1,000 Share of Rs. 100 Each) Nawaz Sharif (1,000 Share of Rs. 100 Each) Fazal Ur Rehman (1,000 Share of Rs. 100 Each) Definition : Definition Articles of Association The Articles of Association is the internal regulations of the company. It deals with the issue of shares, transfer of shares, directors, secretary, dividends, general meetings and procedures and various other matters of internal nature. Optional for Company limited by Shares. Compulsory for the company limited by Guarantee. Compulsory for the unlimited Company. Slide 11: Properties of AOA Next important to Memorandum of Association” Must not violate the Memorandum and the Act . Content of Articles : Content of Articles Share Capital &Variation of rights. Lien of Company on Shares. Calls on shares Share Certificate Transfer of Shares Transmission Forfeiture of Shares Conversion of Shares with Stocks Share warrants Alteration of Share Capital General Meeting Proceedings at general meetings. Notes by members. Board of Directors and their Powers. Capitalization. Winding Up. Application of AOA : Application of AOA Unlimited Companies. Companies limited by Guarantee. Having share Capital. Do not have Share Capital. Private Company. Restricting number of members. Right to transfer of Shares Prohibition of any Public involvement. Alteration Of Articles : Alteration Of Articles Must not be inconsistent with the Act. Must not Conflict with Memorandum Must not sanction anything illegal. Must be benefit for the company. Must not increase Liability of Members. Alteration by Special resolution. Approval of Government when Public Company is converted into Private company. “MOA” “AOA” : “MOA” “AOA” It is the Charter of the company indicating the nature of its Business. It defines the Scope of the Activities of the Company. It being the Charter of the Company is the “Supreme Document” Every Company Must have its own Memorandum. There are strict Restrictions on its alteration. They are regulations for the internal management of the Company. They are the rules for carrying out the Objects of the company. They are Subordinate to the Memorandum. A company limited by shares need not have Articles of its own. Can be altered by Special resolution. VS Slide 16: Any Queries?? You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Business Law khalilrehm Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 2559 Category: Education License: All Rights Reserved Like it (2) Dislike it (1) Added: May 29, 2009 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... By: hashi143 (12 month(s) ago) good Saving..... Post Reply Close Saving..... Edit Comment Close By: umairumi88 (14 month(s) ago) plz allow me to dwnld ths prsntn Saving..... Post Reply Close Saving..... Edit Comment Close By: adhithyaraja (21 month(s) ago) nice one Saving..... Post Reply Close By: rinkigupta58 (2 month(s) ago) nice presentation. plz allow me to dwnld it. I have need of it....... Saving..... Edit Comment Close Premium member Presentation Transcript Business Law Presentation : Business Law Presentation Presented To Umer Zaka Presented By Khalil ur Rehman Faisal khan TOPIC : TOPIC Memorandum of Association & Articles of Association of MNF (PVT) LTD Clauses OF MOA : Clauses OF MOA Definition : Definition Memorandum of Association The Memorandum defines the powers and objects of the company particularly as regards the dealing of the company with the outside world. It regulates the external affairs of the companies. Following companies required to file Memorandum of Association. Company limited by share. Company limited by guarantee. Unlimited company. Clauses for Memorandum of Association : Clauses for Memorandum of Association 1. Name of the Company The Name of the company is "MNF (Private) Limited". Registered Office The Registered Office of the Company will be situated in the Province of Punjab. Clauses for Memorandum of Association : Clauses for Memorandum of Association 3. Objects of the Company To carry on and undertake trading business and to act as importers, exporters, buyers, sellers traders, suppliers, manufacturers and commission agents of general item products and materials in any form or shape manufactured or supplied by any company, firm, association of persons, body, whether incorporated or not, individuals, Government, Semi-Government or any local authority. To act as agents or representatives of foreign and local manufacturers, consultants of plants, machinery, materials or other articles for sale to any Government, local authorities, firms, companies, associations of persons or individuals and also to import and export such items (except managing agency), and any other item permissible under the law. Clauses for Memorandum of Association : Clauses for Memorandum of Association To carry on the business of importers and exporters of all legally permissible kinds of goods, articles and things either manufactured, semi-manufactured or raw materials, and to act as sales representatives either on commission or on profit sharing basis of all kinds of legally permissible goods and materials. 4. Liabilities of Members. The Liability of the members is limited. It has to be stated in company limited by guarantee whether it has share capital or not. This clause is not required in unlimited company. Clauses for Memorandum of Association : Clauses for Memorandum of Association 5. Authorized Capital Authorized Capital of the Company is Rs.1, 000,000 (Rupees One Million only) Divided into 10,000 ordinary Shares of Rs.100 (Rupees one Hundred only) each with powers to increase and reduce the capital of the company and to divide the shares in the capital for the time being into several classes in accordance with the provisions of the Companies Ordinance, 1984. Division of Share Capital Pervaiz Musharaff (1,000 Share of Rs. 100 Each) Nawaz Sharif (1,000 Share of Rs. 100 Each) Fazal Ur Rehman (1,000 Share of Rs. 100 Each) Definition : Definition Articles of Association The Articles of Association is the internal regulations of the company. It deals with the issue of shares, transfer of shares, directors, secretary, dividends, general meetings and procedures and various other matters of internal nature. Optional for Company limited by Shares. Compulsory for the company limited by Guarantee. Compulsory for the unlimited Company. Slide 11: Properties of AOA Next important to Memorandum of Association” Must not violate the Memorandum and the Act . Content of Articles : Content of Articles Share Capital &Variation of rights. Lien of Company on Shares. Calls on shares Share Certificate Transfer of Shares Transmission Forfeiture of Shares Conversion of Shares with Stocks Share warrants Alteration of Share Capital General Meeting Proceedings at general meetings. Notes by members. Board of Directors and their Powers. Capitalization. Winding Up. Application of AOA : Application of AOA Unlimited Companies. Companies limited by Guarantee. Having share Capital. Do not have Share Capital. Private Company. Restricting number of members. Right to transfer of Shares Prohibition of any Public involvement. Alteration Of Articles : Alteration Of Articles Must not be inconsistent with the Act. Must not Conflict with Memorandum Must not sanction anything illegal. Must be benefit for the company. Must not increase Liability of Members. Alteration by Special resolution. Approval of Government when Public Company is converted into Private company. “MOA” “AOA” : “MOA” “AOA” It is the Charter of the company indicating the nature of its Business. It defines the Scope of the Activities of the Company. It being the Charter of the Company is the “Supreme Document” Every Company Must have its own Memorandum. There are strict Restrictions on its alteration. They are regulations for the internal management of the Company. They are the rules for carrying out the Objects of the company. They are Subordinate to the Memorandum. A company limited by shares need not have Articles of its own. Can be altered by Special resolution. VS Slide 16: Any Queries??