writing projects and research on different projects
ARTICLES OF ASSOCIATION
ACROFORTIS (PRIVATE) LIMITED
PRELIMINARY
1. Subject as hereinafter provided the regulations contained in Table A in the
first schedule to the Companies Ordinance, 1984 shall apply to the company
so far these applicable to private companies.
PRIVATE COMPANY
2. The Company is Private within the meaning of Section 2 (1) clause 28 of the
Companies Ordinance, 1984 and accordingly.
a) No invitation shall be issued to the public to subscribe for any
shares, or debentures of the company.
b) The number of members of the Company (exclusive of the person
in employment of the company) shall be limited to five provided that
for the purpose of the provision where two or more persons hold one
or more shares jointly they shall be treated as a single member, and
c) The right to transfer of shares in the Company is restricted in the
manner and to the extent hereinafter appearing.
CAPITAL AND SHARES
3. The authorized capital of the Company is Rs. 8,00,000/- (Rupees Eight
Hundred Thousands only) divided into 8000 ordinary shares of Rs. 100/-
each with power to increase, reduce, consolidate, or otherwise re-organize
the share capital of the Company in accordance with the provisions of the
Companies Ordinance 1984.
4. Subject to the provision of the Ordinance the shares shall be under the
control of the Directors who may allot otherwise dispose off the same to such
persons, fir