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Companies Ordinance 1984

Companies Ordinance 1984

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Published by maeconomics
Pakistani Law of Companies
Pakistani Law of Companies

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Categories:Business/Law
Published by: maeconomics on Jul 25, 2013
Copyright:Attribution Non-commercial

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06/29/2014

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Companies Ordinance 984
(XLVII OF 1984)
(Updated
 
up
 
to
 
17
 
March,
 
2011)
 
Securities Exchange Commission of Pakistan
 
Companies Ordinance, 1984 i 
1
THE COMPANIES ORDINANCE, 1984 (XLVII OF 1984)
********* CONTENTS ………… PART I - PRELIMINARY
Sections
 
 Pages
 
Preamble 1 1. Short title, extent and commencement 1 2. Definitions 2 3. Meaning of "subsidiary" and "holding company" 9 4. Ordinance not to apply to certain corporations 9 5.
 
Application of Ordinance to non-trading companies with purely provincial 10 objects 6. Ordinance to override memorandum, articles, etc. 10
PART II-JURISDICTION OF COURTS
7. Jurisdiction of the Courts 11 8. Constitution of Company Benches 11 9. Procedure of the Court 11 10. Appeals against Court orders 12
PART III-SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
11.
 Deleted
12. Powers and functions of the Commission 13 13. Reference by the Federal Government or Commission to the Court 13
PART IV-INCORPORATION OF COMPANIES AND MATTERS INCIDENTAL THERETO
14. Obligation to register certain associations, partnerships, etc. as companies. 14
MEMORANDUM OF ASSOCIATION
15. Mode of forming a company 14 16. Memorandum of company limited by shares 15 17. Memorandum of company limited by guarantee 16 18. Memorandum of unlimited company 17 19. Printing, signature, etc., of memorandum 17 20. Restriction on alteration of memorandum 18 21. Alteration of memorandum 18 22. Powers of Commission when confirming alteration 19
 
Companies Ordinance, 1984 ii 23. Exercise of discretion by Commission 20 24. Procedure on confirmation of the alteration 20 25. Effect of failure to register within ninety days 20
ARTICLES OF ASSOCIATION
26. Registration of articles 21 27. Printing, signature, etc. of articles 21 28. Alteration of articles 22
FORMS OF MEMORANDUM AND ARTICLES
29. Forms of memorandum and articles 22
GENERAL PROVISIONS WITH RESPECT TO REGISTRATION OF
MEMORANDUM AND ARTICLES
30. Registration of memorandum and articles, etc. 23 31. Effect of memorandum and articles 24 32. Effect of registration 24 33. Conclusiveness of certificate of incorporation 24 34. Effect of alteration in memorandum or articles 24 35. Copies of memorandum and articles to be given to members 25 36. Alteration of memorandum or articles to be noted in every copy 25
PROVISIONS WITH RESPECT TO NAMES OF COMPANIES
37. Prohibition of certain names 25 38. Rectification of name of a company 26 39. Change of name by a company 26 40. Registration of change of name and effect thereof 27 41.
 
Alteration of names on commencement of Ordinance and change of status 27 of company
ASSOCIATIONS NOT FOR PROFIT
42.
 
Power to dispense will "Limited" in the name of charitable and other 28 Companies
COMPANIES LIMITED BY GUARANTEE
43. Provision as to companies limited by guarantee 29
PROVISIONS RELATING TO CONVERSION OF PUBLIC COMPANY INTO PRIVATE COMPANY AND VICE VERSA AND OTHER MATTERS
44. Conversion of public company into private company 29 45. Prospectus or statement in lieu of prospectus to be filed by private company on ceasing to be private company 29 46. Consequence of default in complying with conditions constituting a

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