1. Capital Clause
Definition :
Nominal Capital or
Registered Capital or
Authorized Capital
Division of Capital :
Share
Debenture
Typology of Share
Debenture
Association Clause:
Philosophy :
Declaration of Association:
Names
Addresses
Occupation
The Number of Share
At Least one Share by each
Subscriber
Qualification Share
At least in Presence of one
Witness
Name clause
Affixation of Name:
Every Office
Every Business Place .etc
Conspicuous Place
Punishment:
Dispute in Name:
The Decisionof
Commissionwill
be Final.
Objectives.
To learn
i. The memorandum of
Association
Object Clause:
Philosophy:
To Check the Nature of Object
To Demarcate the Activities of
Company
To Give Notice to the Shareholder
the Risk of their Contribution
Main Object:
Effect of Failure of Object:
May be liquidated
Liability Clause:
Purpose :
To show the Liability of the Member
Ltd by Share
Unpaid Share
Ltd by Guarantee
For the Guaranteed Amount only
Unlimited Company
No Liability Clause
The Liability of its Memberis
Unlimited
Registered Office Clause:
Purpose:
To Fixes the Nationality
It will be registered there
Province will be mentioned
No Limitation on Business:
Notice of Registered Office:
Within 28 day
Address in Detail
Subject: Company Law
Standard: LL.B second year
Topic:
MUNIR HUSSAIN KTK
Lecturer
UNIVERSITY LAW COLLEGE
QUETTA
www.facebook.com/pages/Corridor-to-Commercial-Law
5th
Lecture
