Ch# 02 MOA & AOA Flashcards
Clauses of MOA?
U R PLAN
Undertaking clause
Registered office clause
Principal line of business clause
Liability clause
Authorised share capital clause
Name clause
What power automatically shall come when MOA is registered?
Power to borrow money
Power to issue other securities not based on interest(SHARES)
Prohibition / Restrictions of certain name?
GUIDER
Deceptive
Undesirable
Exploit
Religious Feelings of people
Identical
on any other GROUND which commission may specify
Which names require prior approval?
LPC PML(N)
business requiring a LICENSE
Patronage with HOS (Past, Present, Pakistani or Foreign)
Connection with fed. gov. or provincial gov.
Patronage or connection with any foreign gov.
establishing MODARABA management co. or to float modaraba
connection with any fed. or provincial LAW
Publication of name
N COPER
Name
Certificate
Official documents
Prominent
Engraved
Registration
N FETWA (in official documents)
Name
Fax number
Email
Telephone
Website address
Address of registered office
Contents of articles of association?
BATMAN SWIMS
Business
Alteration of capital
Transfer/Transmission of shares
Minute books
Accounts
Number of directors, their powers and duties
Seal of company
Winding up
Indemnity
Manners of voting of members
Shares of different classes
Procedures of alteration in AOA?
SSD R
Special resolution
Substantive rights
Days 30
Register
Procedure for change to different province? (Change in registered office clause)
C^2 RABS PR
Commission to obtain confirmation
Copy of order
Register as same
Altered MOA
Board Resolution
Special resolution
PR ~~~> Physical record
Adoption or change in business activity subject to license, registration, or approval?
C^2 RABS (Same as in change in Reg. office clause)
Commission to obtain confirmation
Copy of order
Register as same
Altered MOA
Board Resolution
Special resolution
