companies law

1. Company law
Company Ordinance
1984
Presented by : Contents to be discussed :
Amina Maqsood 1003 Mission
Sibghat Naseer 1047 Vision
Zarnab zaheer 1052 Memorandum of association
Ayesha Iftikhar 1010 Articles of Associaton
Tayyaba Mazher 1052 Prospectus

2. History:
Azgard nine limited was incorporated in pakistan on january 20,1993
as public limited company under the name “ indigo denim mills
limited” and obtained certificate for commencement of business on
jan 27,1994. the name was changed to “LEGLER_NAFEES DENIM
MILLS LIMITED” the company is also listed on the stock exchange of
pakistan .
Mission:
“To retain a leadership position as the largest value
added denim products company in Pakistan.”
Vision:
“To become a major global Fashion Apparel company

3. NAME CLAUSE:
It is a public limited company named as” Azgard nine
limited”
REGISTERED OFFICE:
Registered office of the company is situated at Ismail Aiwan-
e-science of : Shahrah –e-Roomi, Lahore Pakistan .
OBJECT CLAUSE:
The objectives of the Azgard 9 limited is Spinning,
weaving,dyeing, stitching unit engaged in the manufacturing nd sale
of yarn,denim, and denim products. The object and aim to provide
the best classical design to the area.
LIABILITY CLAUSE:
The azgard 9 limited company by guarantee .
.

4. SHARE CAPITAL CLAUSE:
The share capital of the Azgard 9 limited
is 15000000000
SUBSCRIBER CLAUSE:
This is the public company and the number of
subscribers are the 7. the each price of share 100.
Articles of Association
1: Azgard limited by gurantee is registered with the memorandum,
articles of association signed by the subscriber to the
memorandum.
2: Articles of association may adopt all of any regulations from Table
A.

5. 3: As the company is limited by gurantee and registered
in accordance with the provisions of company
oridance 1984.
4: In the all things are cleared. No ambguity is involved.
Prospectus
1: Members who have not the compuyrized National
identity card to the company are requested to
submited earliest.
2: Authorized capital is 15000000000.
3: Issued subcribed and share capital 4548718700.
4: Financial statements were authorized for issue on
september 3,2016 by the board of directors of
company.
5: loss per share 1.79
6: proceeds from disposal of property plant and
equipment..10214897

7. 1. It will b a Public Limited Company named as “Exide Pakistan
Limited”.
2. Registered office is in Karachi Sindh Pakistan (A-44, Hill Street,
Off Manghopir Road, S.I.T.E, Karachi.
3. The Company believes in customer satisfaction through
continuous uniform quality and after sales services providing a
wide range of products for various applications.
 Exide batteries are designed to meet the specific needs of the
transportation industry operating in Pakistan. This includes
automobiles, motorcycles, rickshaws, trucks, tractors, marine
transport, generators and other applications.
 Exide inverter batteries are designed to provide reliable backups
in case of power cuts and voltage fluctuations.
4. Libilities of the members in this company is limited by their
shares.
5. Its share capital is 224000 and dividend on these shares is
57487000.

10. 3.

11. Presented by
Tayyaba Mazher 1052
Ayesha Iftikhar 1010
Introduction
Ahmad Hassan Group Of Companies is in the textile Business
since the last quarter of the century. The Group owns & operates
its companies located in the heart of the cotton belt in Pakistan.
Ranging from Ginning to Weaving.

12. Ahmad Hassan Textile Mills Limited manufactures and sells yarns
and fabrics in Pakistan, the United States, Asia, and Europe. The
company operates through Ginning, Spinning, and Weaving
segments. The Ginning segment produces cotton lint from raw
cotton. The Spinning segment produces various yarns using natural
and artificial fibers. The Weaving segment engages in the
production of fabrics using yarns. The company offers yarns under
the MUGHAL brand name. Ahmad Hassan Textile Mills Limited
was incorporated in 1989 and is headquartered in Multan, Pakistan.
BANKERS: Bank Al-Habib Limited Allied Bank Limited United
Bank Limited Bank Al-Falah Limited Habib Bank Limited Soneri
Bank Limited Meezan Bank Limited National Bank of Pakista

14. Ahmad Hassan limited
REGISTERED OFFICE 46 - Hassan Parwana Colony, Multan.
• Their objective is to sustain reputation in domestic and
international market by manufacturing quality yarn and fabric.
It is limited by share
• Registered Capital share is 200,000,000
• Directors held 10 shares of amount 7,100,929
Financial institution held 3 shares of rupees 5013
NIT & ICP, Mutual fund, Pension fund, Benvolent Fund are holding
single share of amount 200; 913,009; 83593; 2933 respectively
• Remuneration of Directors are 3,000,000
• BOARD OF DIRECTORS Chairman Mian Muhammad
Javed Anwar Chief Executive Officer Mian Muhammad
Parvez Directors Mr. Muhammad Haris Mr. Muhammad
Aurangzeb Mrs. Salma Javed Mr. Muhammad Jahanzeb Mr.
Syed Raza Abbas Jaffari (Rep. N.I.T)
CHIEF FINANCIAL OFFICER Mr. Abdul Sattar (FCA)

15.  Shares offered to public for subscrption are 32,746,284.
 Remuneration and benefits to chief executive , directors and executives
under the term of their employment are disclosed.
 Bonus are of amount 398,000 and requirement benefits are 553,000
 Auditor: M/s PKF F.R.A.N.T.S charterd accountant, Multan being
elligible and offering themselves for re-appointment as Auditor
 Financial instrument:These are initially recorded at cost on the date a
derivative contract is entered into and are remeasured to fair value at
subsequent reporting dates. The method of recognizing the resulting gain
or loss depends on whether the derivative is designated as a hedging
instrument, and if so, the nature of the item being hedged.
 These financial statements were authorized for issue on October 05, 2016
by the Board of Directors of the Company.
 CAPITAL RESERVE
This includes share premium received during the previous years as
detailed below: Rs 4 per share on 2,989,920 ordinary shares of Rs.
10 each issued during the year 2001 11,959,680
Rs. 5 per share on 1,879,336.8 ordinary shares of Rs. 10 each issued during
the year 2007 9,396,684
 All expenditure connected to the specific assets, incurred during
installation and construction period.

16.  The name of the company is Ahmad Hassan (private) limited
 Headquatered in MULTAN, Pakistan.
 Integrity and honesty are the corner stones of the buisiness.
Their goal and objective is to sustain and achieve reputation in
domestic and international market- by manufacturing quality
Yarn fabric
 Company is limited by share
 The authorized capital of the company is 200,000,000 divided
into shares of PKR 10 each 20,000,000 with power of company
 Number of subscriber are 745 with the amount of 14,408,248

17.  Ahmad Hassan limited is limited by share and it is register
with the memorandum, article of association signed by
subscriber to the memorandum
 Articles of association may adopt all or any of the regulations
from the table A of the first schedule
 As the company is limited by share and registered in
accordance with provisions of the company ordinance 1984,
and any rules made there under,and to attach thereto
respectively maay be determined by or in accordance with
article of association or may be alter in accordance with law.

18. AUDITORS' REPORT TO THE MEMBERS We have
audited the annexed balance sheet of Ahmad Hassan
Textile Mills Limited (the Company) as at June 30, 2016
and the related profit and loss account, statement of
comprehensive income, cash flow statement and
statement of changes in equity together with the notes
forming part thereof, for the year then ended and we state
that we have obtained all the information and
explanations which, to the best of our knowledge and
belief, were necessary for the purposes of our auditWe
conducted our audit in accordance with the auditing
standards as applicable in Pakistan

19. , we report that:
a) in our opinion, proper books of accounts have been kept by the Company as
required by the Companies Ordinance, 1984;
b) in our opinion: i) the balance sheet and profit and loss account together with
the notes thereon have been drawn up in conformity with the Companies
Ordinance, 1984, and are in agreement with the books of account and are further
in accordance with accounting policies consistently applied
; ii) the expenditure incurred during the year was for the purpose of the
Company's business; and
iii) the business conducted, investments made and the expenditure incurred
during the year were in accordance with the objects of the Company
; c) in our opinion and to the best of our information and according to the
explanations given to us, the balance sheet, profit and loss account, statement of
comprehensive income, cash flow statement and statement of changes in equity
together with the notes forming part thereof conform with approved accounting
standards as applicable in Pakistan, and,give the information required by the
Companies Ordinance, 1984, in the manner so required and respectively give a
true and fair view of the state of the Company's affairs as at June 30, 2016 and of
the loss,total comprehensive loss, its cash flows and changes in equity for the year
then ended; and
d) in our opinion, no Zakat was deductible at source under the Zakat and Ushr
Ordinance, 1980 (XVIII of 1980).