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IN THE NAME OF ALLAH MOST COMPETIONATE , EVER MURCIFUL.

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Topic : PROCEDURE OF REGISTORING APUBLIC LIMITED COMPANY ,WHEN

ONE DIRECTOR HAS DIED AND

APPOINTMENT OF A NEWDIRECTOR.

Subject:Corporate law

Presented to: Mr Mudassar Alam

Prepared by : Syed Billal kazmi,

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INTRODUCTION TO THE TOPIC:

As the public limited company has to work

with the specifically appointed directors Due to the

perpetual succession , if one or the director of the

company dies there has to be a replacementthrough a proper path according to the

companies ordinance 1984

there are some legal formalities to be

followed in the case of replacement of thedirectors.

http://f/billal/c-law/FORM27(2).doc

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Introduction of the company:

The company belongs to a petroleum field,

Name of the company

Atlantic Oil Limited Company

A public limited company

Authorized capital of the company is-------

http://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).doc

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Visits to SECP(securities & exchange commission of Pakistan)

First we went to NICL (National Insurance Company

Limited),There we met ,MR. ABDUL QAYOUM

(Deputy Registrar)

On the advice of Mr. Abdul Qayoum we went to

Pakistan institute of trade and development

(PITAD)

In PITAD we met Mr.Akhtar (Executive Officer of Co.

Registration) on 1st Floor

For further information we again visited SECP on

22nd April 2011.

http://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM27(2).dochttp://f/billal/c-law/FORM1(2).doc

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Memorandum of Association Of Atlantic Oil Limited

Company

Situation clause:

Working in Pakistan,

In province of Punjab,

In Islamabad city,

Objective clause:

Activities involves purifying, blending, distributing, supplying and

transporting of oil, petroleum.

take over, acquire, purchase, take on lease, exchange otherwise turn to

account any such rights, licenses, grants, claims, options, privileges so

acquired in any way or manner the company deems fit.

http://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).doc

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To take over production concessions of whatever nature or otherwise

acquire any estate or interest, develop resources of work, which may be

capable of use and to organize, equip and employ expeditions, expertsand other agents and to carry out business.

Liabilities clause:The liability of the members is limited.

Capital clause:The authorized capital of the company is Rs. 50,000,000/-

(Rupees fifty millions only)

Subscription clause:The people who signed

S.Razi Abbas,S.Billal Kazmi,Arooj Saeed,

S.M. Muslim Kazmi,Haider Ali Baig.

http://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).doc

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Article of association :

Amount of share capitals:

Incorporated fee has been submitted of 404000.

Share per value = 10rs.

Registered capital = 50000000.

Rights of share holders:

Rules:

http://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).doc

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Procuring share:

Transfer of share:

Director:

S.Razi Abbas

S.Billal Kazmi

Arooj Saeed

S. M. Muslim Kazmi

Haider Ali Baig

Accounts & audits:

Winding up:

http://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).doc

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Types of forms required

Name availability form link chalan

form info..

http://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).dochttp://f/billal/c-law/FORM1(2).doc

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Procedure for registoration

http://f/billal/c-law/FORM1(2).doc

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Death replacement of director

http://f/billal/c-law/FORM1(2).doc