THE COMPANIES ACT, 2017

(Company Limited by Shares)

ARTICLES OF ASSOCIATION
OF
The name of the company is A.C.T LIMITED.

PRELIMINARY

I. Capital :
Total share capital .of A.C textile = 10000000
Total number of allowed shares = 100000
Value of each shares = 100
The total share capital of A.C textile is 10 million and total number of shares is
100000 and each share have a value of 100. In our company 33000 shares are taken
by promoter.

Name and number of directors

We are 5 directors;

● Mukarram Javaid

● Mian Ahmad Ullah

● Saqib Nadeem

● Kanan

● Syed Sharoz

REGISTERED OFFICE

The enlisted office of the organization will be arranged in Islamabad capital domain in the
Province of Punjab.

ALTERATION PROCESS OF AOA

We are changing registered office clause of AOA

Old office: in Islamabad
New office: in Karachi
Power and duties of directors

The organization's constitution incorporates its articles of affiliation and goals and
arrangements of an established sort. The need to encourage the organization's business
associations with providers, clients and others you should practice autonomous judgment and
settle on your own choices.

Methods to call the meetings

There are four types of meeting in public limited company.

statutory meeting

This gathering is known as the legal gathering. This is the main gathering of the investors of a
public organization and is held just a single time in the lifetime of a company.The Board of
chiefs will, no less than 21 days before the day on which the gathering is to be held, forward
a report, called the 'legal report to each individual from the organization.

Annual general meeting

Association to hold a yearly standard assembling every year .Every association will in each
year hold, regardless some different social affairs, a complete get-together as its yearly
thorough assembling and will decide the meet

There won't be more than 15 months between one yearly normal social affair and the other. In
any case, the vital yearly standard social event should be held inside eighteen months from
the date of its breaker

Class meetings

Under the Companies Act, class gatherings of different sorts of investors and leasers are
needed to be held under various conditions.
Class gatherings of the holders of various classes of offers are to be held on the off chance
that the freedoms connecting to these offers are to be fluctuated.

Proxy Voting
Investors might allot their freedoms to cast a ballot to one more party without surrendering
the offers on the off chance that they can't or reluctant to go to the organization's yearly
gathering or any crisis meeting.

Impact of Voting Rights

In enormous, openly held organizations, investors apply their most noteworthy control
through choosing the organization's chiefs. Nonetheless, in little, secretly held organizations,
officials and chiefs regularly own enormous squares of offers.

Appointment of directors

Out in the open or a privately owned business, a sum of 66% of chiefs are delegated by the
investors. The remainder of the 33% leftover individuals are designated with respect to rules
recommended in the Article of Association

Appointment of Managing Directors

An overseeing chief should be an individual (a genuine individual) and can be named for a
most extreme time of five years
Conditions for Appointing Directors
The accompanying conditions are material while delegating a chief
The person in question ought not have been condemned to detainment for any period, or a
fine forced under various rules.

Accounts and their audit

A record is a record in a bookkeeping framework that tracks the monetary exercises of a particular
resource, responsibility, value, income, or cost
Reviews are made to actually look at something; like an individual is paying their charges accurately
or that a report is right
Inward reviews assess an organization's inside controls, including its corporate administration and
bookkeeping processes.
Outer review
An External Audit is an occasional review directed by a free qualified evaluator with the expect to
decide if the bookkeeping records for a business are finished and exact.

Appointment of auditors their right and duties

Right of Access to Books of Accounts to obtain Information and Explanations to Correct any
Wrong Statement.

Directors meeting

Right of Access to Books of Accounts to acquire Information and Explanations to Correct any Wrong
Statement.

Organization will hold somewhere around 4 Board gatherings in a schedule year. Majority of the
gathering will be 1/3 of the all out strength of the chiefs or 2 chiefs, whichever is higher. At this point
there is no arrangement in the organizations Act as for least number of gatherings that Director ought
to join in

Technique for selling shares

Seal of company

An organization seal (now and again alluded to as the corporate seal or normal seal) is an authority
seal utilized by an organization. Organization seals were transcendently utilized by organizations in
precedent-based law wards, albeit in present day times, most nations have discarded the utilization of
seals.
Right obligations and compensation of overseeing specialists.

Rights of agents

Right to Remuneration
A specialist has an option to get the concurred compensation or without any arrangement, a sensible
compensation for delivering the administrations to the key that are not willful or needless.

 Right to be indemnified
A specialist addresses his head to the outsiders. According to segments 222 and 223, a specialist has a
privilege to be repaid by his head for all charges costs, and liabilities that he brings about over the
span of the organization.

Duties of agents
A chief has an option to sue his representative for harms in the event of break of obligation by the
specialist. The obligations of specialists are performs.