The Articles of Organization For A Domestic Limited Liability Company is a mandatory legal document required when establishing a limited liability company in Pakistan. This document must be filed with the Securities and Exchange Commission of Pakistan (SECP) as part of the company registration process, in accordance with the Companies Act 2017. It serves as the foundational document that defines the company's existence, structure, and basic operational framework. The Articles must include specific information such as the company name, registered office address, business objectives, capital structure, and management arrangement. It's particularly important as it establishes the rights and responsibilities of members, outlines the company's governance structure, and serves as a reference point for both internal operations and external dealings. The document must be drafted in compliance with Pakistani corporate law and requires careful consideration of various regulatory requirements, including those specific to certain business sectors or activities.
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1. Article I - Company Name and Address: Official name of the LLC and principal place of business, including registered office address
2. Article II - Purpose: Statement of the company's business purpose and permitted activities
3. Article III - Duration: Period of existence of the LLC (perpetual unless specified otherwise)
4. Article IV - Registered Agent: Details of the registered agent for service of process
5. Article V - Capital Structure: Authorized capital, nature of ownership interests, and initial contributions
6. Article VI - Members: Information about initial members and their ownership percentages
7. Article VII - Management Structure: Whether the LLC is member-managed or manager-managed, and basic management structure
8. Article VIII - Meetings: Procedures for member and management meetings, voting rights, and quorum requirements
9. Article IX - Books and Records: Requirements for maintaining company records and member access rights
10. Article X - Dissolution: Circumstances and procedures for company dissolution
1. Foreign Operations: Required if the LLC plans to conduct business internationally, including compliance with FERA 1947
2. Special Purpose Vehicle Provisions: Added when the LLC is formed for a specific project or investment purpose
3. Islamic Banking Compliance: Required if the LLC will engage in Shariah-compliant business activities
4. Intellectual Property Rights: Added when the LLC owns or plans to develop significant intellectual property
5. Branch Offices: Required if the LLC plans to establish multiple offices or branches
6. Special Rights of Members: Added when certain members are granted special voting or management rights
7. Investment Company Provisions: Required if the LLC will function as an investment vehicle
1. Schedule A - Member Information: Detailed information about members including names, addresses, and contribution amounts
2. Schedule B - Capital Contributions: Itemized list of initial capital contributions and their valuations
3. Schedule C - Management Structure: Detailed organizational chart and management responsibilities
4. Appendix 1 - Specimen Signatures: Signatures of initial members and authorized representatives
5. Appendix 2 - Consent Forms: Required consent forms from members and directors
6. Appendix 3 - Company Seal: Design and specifications of the company seal
7. Appendix 4 - Compliance Certificates: Copies of necessary regulatory compliance certificates
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