Definition of Memorandum of Association

A Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a
limited liability company to define its relationship with shareholders. The MOA is accessible to the public and
describes the company's name, physical address of registered office, names of shareholders and the distribution of
shares. The MOA and the Articles of Association serve as the constitution of the company. The MOA is not applied
in the U.S. but is a legal requirement for limited liability companies in European countries including the United
Kingdom, France and Netherlands, as well as some Commonwealth nations.
The Companies Ordinance, 1984
(PRIVATE COMPANY LIMITED BY SHARES)
Memorandum of Association
OF
AL QAIM TEXTILE MILLS (PRIVATE) LIMITED
The name of the Company is AL QAIM TEXTILE MILLS (PVT) LIMITED.
REGISTERED OFFICE:
The registered office of the Company will be situated in the Province of Punjab.
OBJECTIVES:
The objects for which the Company is established are all or any of the following:
1.
To install, textile-weaving and spinning industry and to sell such cloth manufactured by the
company in or outside Pakistan.
2.
To install and set-up an industrial undertaking for sizing of all kinds of yarn and to size yarn for its own
and for other projects in Pakistan.
3.
company.

To supply yarn and other products to their relevant department or outsourcing as per need of the

4.
To purchase, export or import the textile related products including raw materials like dyes,
cotton, wool cotton, yarn silk, fabrics and other relevant products as per need.

5.
To give our services as agent, importer, exporter, distributor, wholesaler, retailer, commission agent to other
concerns as needed for the sake of the companies good performance.
6. To borrow money from directors, Commercial Banks and Government Financial Institutions to support the
business of the company.
7.
To acquire and take over the assets including land, building, easement, patents, licenses, trademarks, plants,
machinery and other assets of other businesses as per need.
8.
To open bank accounts for the banking transactions including, making, endorsement and transferring the
cheques, bills of exchange, promissory notes, bill of lading and other negotiable instruments to run the business
operations fluently.
LIBILITIES: IV.
The liability of the members is limited

CAPITAL OF THE COMPANY:

V.
The authorized capital of the company is Rs. 100,00,000/- (Rupees Ten Million only) divided into
100,000 ordinary shares of Rs. 100/- each with power to increase, reduce, consolidate or otherwise re-organise the
share capital and to divide the shares of the company into different classes in accordance with the provisions of the
Companies Ordinance, 1984.

DEFINITION OF 'ARTICLES OF ASSOCIATION'

A document that specifies the regulations for a company's operations. The articles of association define the
company's purpose and lays out how tasks are to be accomplished within the organization, including the process for
appointing directors and how financial records will be handled

The Companies Ordinance, 1984

(PRIVATE COMPANY LIMITED BY SHARES)

Article of Association
OF
AL QAIM TEXTILE MILLS (PRIVATE) LIMITED

PRIVATE LIMITED COMPANY

(1) No invitation shall be issued to the public to subscribe for anyshares, debentures or debenture-stocks of
the Company.
The right to transfer shares in the Company is restricted in the manner and to the extent hereinafter appearing.
BUSINESS
The business of the Company shall include all or any of the objects enumerated in the Memorandum of
Association.5.The business of the Company shall be carried out at such place or places in the whole of Pakistan or
elsewhere as the Directors may deem proper or advisable from time to time.
CAPITAL
6. The Authorized Capital of the Company is Rs.100,00,000- (Rupees TenMillion only) divided into 100,000 ordinar
y shares of Rs.100/- (RupeesOne Hundred only) each with powers to increase, reduce, consolidate, sub-divideor
otherwise re-organize the share capital of the Company.7
.The shares shall be under the control of the Board of Directors
SHARES, TRANSFER AND TRANSMISSION
9.Every person whose name is entered as a member in the Register
of Members shall without payment be entitled to a certificate .10.The Directors may decline to register any transfer
of share .

GENERAL MEETING
13.The First Annual General Meeting shall be held within 18 months from the date of incorporation of the Company
The Directors may, whenever they thinkfit, call an Extraordinary General Meeting of the shareholders in terms
of Section 159 of the Companies Ordinance, 1984.
VOTES OF MEMBERS
17.At any General Meeting a resolution put to the vote of the GeneralMeeting shall be decided on a show of hands,
unless a poll is demanded inaccordance with the provisions of Section 167 of the Companies Ordinance1984.
CHIEF EXECUTIVE
21.The first Chief Executive of the Company will be appointed by theBoard of Directors within fifteen days from the
date of incorporation of theCompany who shall hold office till the first Annual General Meeting.
DIRECTORS
22.Unless otherwise determined, the number of Directors shall not be lessthan one. The following will be the first
Directors of the Company.1.Khawaja Naveed Haider2.Syed Hassan Askari 3.Faisal Idrees4.Tahir

MANAGEMENT
33.The whole business and affairs of the Company shall, subject to thecontrol and supervision of the Board of
Directors, be managed and controlledby the Chief Executive.
ACCOUNTS
39. The Directors shall cause to be kept proper books of account as required under Section 230 of the
Companies Ordinance, 1984.40. The books of account shall be kept at the registered office of theCompany