COPORATE LAW

Assignment # 1

Submitted By : Naima Tanoli

Reg No : FA19-BBA-017

Submitted To : Sir Abdul Majid Khalil

Class: BBA (6A)

 THE COMPANIES ORDINANCE, 1984
(Company Limited by Shares)
MEMORANDUM OF ASSOCIATION
OF
ENGRO POLYMER AND CHEMICALS LIMITED
1. The name of the Company is Engro Polymer & Chemicals Limited.
2. Registered Office of the Company will be situated in the Province of Sindh.
3. The objects for which the Company is established are:

i. To manufacture, market and sell Polyvinyl Chloride (PVC), Vinyl Chloride Monomer (VCM), PVC
compounds and other related Chemicals and any activities relating or ancillary thereto and/or in
furtherance thereof, and to achieve the said objects to design, construct, own, operate,
maintain and manage plants and facilities to manufacture such chemical compounds and any
other chemicals or kinds of products.
ii. To buy, manufacture, sell deal with, repair, service, overhaul, alter any machinery, component
parts, accessories, equipment and fillings of all kinds for the things and purposes mentioned
above or used in or capable of being used in or with the same or howsoever.
iii. To manufacture and produce and either as principals, agents or contractors and to import or
locally purchase any plant, machinery, equipment, goods and articles belonging to or any raw
materials required for any such business and all apparatus, appliances, accessories and things
used or capable of being used in connection therewith or acquire any patents, inventions or
privileges.
iv. To carry on the business of mechanical engineers, electrical engineers, sanitary and water
engineers and plumbers, brass-founders, metal Workers, boilermakers, millwrights, machinists,
smiths, and tool-makers and to buy, sell, transfer, manufacture, repair, convert, alter and deal in
machinery implements rolling stocks and hardware of all kinds.
v. To enter into working arrangements of all kinds with other companies, corporations, firms or
persons, and also to make and carry into effect arrangements with respect to union of interests
or amalgamation, either in whole or in part, or any other arrangements with any other
companies corporations, firms or persons.
vi. To promote and form other companies for all or any of the objects mentioned in this
Memorandum or any extension thereof and to transfer to any such company all or any of the
property of this Company, and to take or otherwise acquire and hold shares, debentures or
other securities of any such company, and to otherwise assist any such Company, but not to act
as an investment company.
vii. To apply for and obtain any provisional orders of any Government department or Ministry or
other authority for any of the purposes within the objects of the Company.
 viii. To support and subscribe to any charitable or public object including donations to charitable and
benevolent foundations and any institutions, society, or club or for any purpose which may be
for the benefit of the Company or its employees, or may be connected with or for the benefit
and welfare of any town or place where the Company carries on business, to give pensions,
gratuities or charitable aid to any persons who may have been directors of or may have served
the Company, or the wives, children, or other relatives or dependants of such persons, to make
payments towards insurance, and to form and contribute to provident and benefit funds for the
benefit of any such nercans or of their wives children or other.

4. The liability of members is limited.

5. The Authorized Share Capital of the Company is Rs. 16,500,000,000 divided into 1,250,000,000
ordinary shares of Rs. 10 each and 400,000,000 Preference Shares having a par value of Rs. 10
each with the rights, privileges and conditions attached thereto as are provided for the time
being, with power to increase and reduce the capital of the Company, and to further divide the
shares in the capital for the time being into several classes.

We the several persons whose names and addresses are subscribed be low are desirous of being formed
into company in pursuance of these Memorandum of Association and e respectively agree to take the
number of shares in the Capital of the Company set opposite our respective names:-

Sr. Name and Father’s/ Nationality Occupations Residential No of Shares signat

N Surname Husband Address in full taken by ure
o. Name in full each
subscriber
1 SHAUKAT R. TRZAZARATHUSS Pakistani BUSINESS 53-A, Johar ONE
MIRZA AIN Road Adam
Jee Nagar,
Karachi

2 ZAFFAR GOL, Pakistani BUSINESS 53-A, Johar ONE

AHMEDIOUN MUZAFFARKHAN Road Adam
Jee Nagar,
Karachi

3 ASIF SAEED TAN SAEED Pakistani BUSINESS 543, 11th ONE

AHMED Ave.,F-10
Islamabad
4 PARVEZ GHAIS HABIBULLAH Pakistani BUSINESS 543, 11th ONE
GHAIS Ave.,F-10
Islamabad
5 ASAD UMAR GHULAM UMAR Pakistani BUSINESS 53-A, Johar ONE
Road Adam
Jee Nagar,
 Karachi

6 MR. SHEIKH MIAN ELAHI BUX Pakistani Business 10-Faran ONE

MOHAMMAD society,
AFZAL Haider Road,
Karachi

7 MR.SOHAIL YUNS MR. Pakistani Business 543, 11th ONE

MOHAMMAD Ave.,F-10
YUNUS Islamabad
8 MR. AZAM SOOFI MR. HAMEED ALI Pakistani Business 53-A, Johar ONE
SOOFI Road Adam
Jee Nagar,
Karachi

Dated the 9thday of October 1997