In Pakistan, the memorandum of association (MOA) is a document that outlines the fundamental conditions upon which a Private Limited Company is formed. The MOA is a legal document that must be submitted to the Securities and Exchange Commission of Pakistan (SECP) as part of the process of registering a Private Limited Company.
The MOA for a Private Limited Company in Pakistan typically includes the following information:
- The name of the company
- The registered office of the company
- The objects of the company (i.e., the business activities that the company is authorized to carry out)
- The authorized capital of the company and the number of shares into which it is divided
- The names, addresses, and occupations of the initial members of the company (i.e., the shareholders)
- Any restrictions on the transfer of shares in the company
The MOA for a Private Limited Company in Pakistan must be signed by at least two members and must be accompanied by the articles of association, which outline the rules and regulations that will govern the internal affairs of the company.
It’s worth noting that the MOA is a public document that must be filed with the SECP and is available for inspection by the public. The MOA can be amended by a special resolution of the shareholders, subject to the approval of the SECP