Alter its articles –within 30 days of transfer of sharesiv.
Appoint and Elect additional Directors –within 14 days of Special Resolutionv.
Notify appointment –Form 29 within 14 days of appointmentc.
Operation of Lawi.
Transfer shares –within 7 days (order of Court or Authority)ii.
Special Resolution for change of statusiii.
Alter its articlesiv.
Appoint additional Director(s)v.
Notify appointment –Form 29Persons becoming members due to transfer, transmission or further allotment of shares shall
pass a special resolution to make alteration in articles
Appoint additional Director(s)Where a single member company converts into a private company it shall
File a Notice –form S2 with registrar
Within 60 days from date of passing of resolution
Meetings of Directors & Members
Any provision of the Ordinance or articles of the company shall be deemed to be satisfied if
the decision is taken by the single member or sole director; and
is drawn up in writing and recorded in the minute’s book.Which
requires any matter to be decided by directors or members
requires any matter to be decided by resolution
Appointed within 15 days
becoming a SMC; or
Office of company secretary falling vacant
Notify appointment within 14 days –Form 29
Sole director can not be a company secretary
Qualification: Person holding bachelor degree from HEC recognized University
Attend all proceedings of general Meetings & Meetings of director(s)
Cause accurate summary of the minutes along with name of those participating inminutes book
Inform the registrar about the death of the single member
Transfer of Management to Nominee director
The single Member shall nominate two individuals
One who shall become nominee director, in case of death of single member
Other shall become alternate nominee director to work as nominee director in case of non-availability of the nominee directors
Duties of Nominee director
Manage affairs till the transfer of shares to legal heirs
Inform/Provide the registrar
death of single member
particulars of legal heirs