PROCESS OF INCREASE AUTHORISED CAPITAL:

A company may alter the conditions contain in its memorandum of association only in the cases and in the mode and to the extent specified in the companies ordinance, 1984.any alteration in the memorandum in contravention to the provision of the ordinance shall be void. PURPOSE OF ALTERATION As discussed earlier a company may alter its memorandum only in the cases specified in the Companies ordinance, 1984. The ordinance permits a company to alter the conditions of its memorandum so as to enable it to: 1. 2. 3. 4. Carry on its business more economically or more efficiently. Attain its main purpose by new or improved means. Enlarge or change the local area of its operation. Carry on some other business which may conveniently and advantage be combined with the exciting business of the company. 5. Restrict or abundant any of the objects of the company. 6. Sell or dispose of the whole or any part of the undertaking, or 7. Amalgamate with the any other company or body of person. PROCEDURE OF ALTERATION Section 20 of the company ordinance imposes are restrictions that alteration in memorandum may be made only in the mode and the extent specified in the ordinance. In the light of the various provision of the law the procedure for amendments in various clauses of the memorandum of association. CAPITAL CLAUSE The capital clause of memorandum contains information regarding the nominal (authorized). A company may, alter its share capital in any of the following ways: 1. Increase its share capital 2. Consolidate (i.e., division of the whole or any part of the share capital into shares of larger amount). 3. Divide its share capital. 4. Sub-divide its shares into shares of smaller amount than its existing shares. 5. Cancel such shares which have not been taken by any person and thus diminishing the amount of share capital 6. A company may alter its share capital only if it is permitted by its articles. For alteration in share capital, a company has to adopt the following procedure. 7. Pass an ordinary resolution in a general meeting;

8. Notify the registrar, within fifteen(15) days of passing a resolution; and 9. In case of an increase, deposit the registration fee. 10. The alteration in shares capital is notified on form-7 in case of an increase and on form-6 in case of consolidation, division sub-division or cancellation of shares. 11. In the event of consolidation or sub-division of shares, the rights attaching to the new shares shall be strictly proportional to the pervious shares. 12. Where a company has not notified the registrar within the specified period, the company and it is every such officer who has knowingly and willfully permitted the default shall be to a fine up to rs.100 per day for the period during which the default continues.

Increase in Authorized Capital:

Before adding the amount of new member the authorized capital of the company was 80, 00,000 and the number of shares were 80,000 with 100RS per share price. Now it will become 90,000 charges because 100000 have included in the authorized capital and the authorized capital amount is increased from 8000000 to 9000000.

Name and surname (present & former) in full (In block letters) and C.N.I.C #

Fathers name (in full)

Nationality with any former nationality

Occupation

Resident Address (in full)

Number of shares taken by each subscriber

Signature

Kashmala Tariq Pakistani

Telecom Business

50,000

Fouzia Wahab Pakistani

Telecom Business

20,000

Tehmina Doultana

Pakistani

Telecom Business

10,000

Kashif adeel

Pakistani

Telecom Business

10,000

Total Number of Shares Taken

90,000 Eighty Thousand

FORM 7
THE COMPANIES ORDINANCE, 1984 [Section 92/94]

NOTICE OF INCREASE IN NOMINAL SHARE CAPITAL

Please complete in typescript or in bold block capitals. 1. CUIN (Incorporation Number)

2.

Name of the Company

Nectar private Limited

3. Memorandum of fee: 3.1 Total amount payable on capital as increased.

Rs. 9,000,000

3.2 Amount which would have been payable by reference to its capital immediately before the increase. 3.3 Difference of 3.1 and 3.2 and filing fee now paid Rs.

Rs.8,000,000

1,010,000

Name & Branch of the Bank Day Month Year

4.

Receipt No.

Dated (Bank challan to be attached in original)

5. Notice is hereby given pursuant to section 92/94 of Companies Ordinance, 1984 that Resolution of the company was passed on:

Ordinary / Special

6. Share capital increased in pursuance of an obligation of the Date of agreement company under an agreement on: with (mention agreement) party to the

Amount Rs. 7. Increase in authorized share capital

7.1 Existing authorised share capital 7.2 Addition 7.3 New authorized capital

Divided into (no of shares)

Of Rs. per share 100 100 100

8,000,000 1,000,000 9,000,000

80,000 10,000 90,000

Conditions subject to which the new shares have been or are to be issued

9.

Signatures of Chief Executive/ Secretary

10. Name of the Signatory

11. Designation

12. N.I.C Number of signatory

Day 13. Date

Month

Year

Note:-- Where necessary, this form should bear stamps of the value as required under the Stamp Act, 1899.