IN THE NAME OF ALLAH MOST COMPETIONATE , EVER MURCIFUL.

Topic : PROCEDURE OF REGISTORING A

PUBLIC LIMITED COMPANY ,WHEN ONE DIRECTOR HAS DIED AND APPOINTMENT OF A NEW DIRECTOR.

Subject: Corporate law Presented to: Mr Mudassar Alam

Prepared by : Syed Billal kazmi,

INTRODUCTION TO THE TOPIC:

As the public limited company has to work with the specifically appointed directors Due to the perpetual succession , if one or the director of the company dies there has to be a replacement through a proper path according to the companies ordinance 1984 there are some legal formalities to be followed in the case of replacement of the directors.

Introduction of the company:

The company belongs to a petroleum field, Name of the company Atlantic Oil Limited Company A public limited company Authorized capital of the company is-------

Visits to SECP
(securities & exchange commission of Pakistan) First we went to NICL (National Insurance Company Limited),There we met ,MR. ABDUL QAYOUM (Deputy Registrar) On the advice of Mr. Abdul Qayoum we went to Pakistan institute of trade and development (PITAD) In PITAD we met Mr.Akhtar (Executive Officer of Co. Registration) on 1st Floor For further information we again visited SECP on 22nd April 2011.

Memorandum of Association Of Atlantic Oil Limited Company

Situation clause:
Working in Pakistan, In province of Punjab, In Islamabad city,

Objective clause:
Activities involves purifying, blending, distributing, supplying and transporting of oil, petroleum.

take over, acquire, purchase, take on lease, exchange otherwise turn to account any such rights, licenses, grants, claims, options, privileges so acquired in any way or manner the company deems fit.

To take over production concessions of whatever nature or otherwise acquire any estate or interest, develop resources of work, which may be capable of use and to organize, equip and employ expeditions, experts and other agents and to carry out business.

Liabilities clause:
The liability of the members is limited.

Capital clause:
The authorized capital of the company is Rs. 50,000,000/(Rupees fifty millions only)

Subscription clause:
The people who signed
S.Razi Abbas,S.Billal Kazmi,Arooj Saeed, S.M. Muslim Kazmi,Haider Ali Baig.

Article of association :
Amount of share capitals: Incorporated fee has been submitted of 404000. Share per value = 10rs. Registered capital = 50000000. Rights of share holders: Rules:

Procuring share:
Transfer of share: Director: S.Razi Abbas S.Billal Kazmi Arooj Saeed S. M. Muslim Kazmi Haider Ali Baig

Accounts & audits: Winding up:

Types of forms required

Name availability form link chalan form info..

Procedure for registoration

Death replacement of director