Document background
The Memorandum of Association For Non Profit Organisation is a crucial document required when establishing a non-profit entity in Pakistan. It is typically prepared during the initial registration process with the Securities and Exchange Commission of Pakistan (SECP) and serves as the organization's charter. This document is mandatory under Section 42 of the Companies Act 2017 and must be filed alongside other incorporation documents. It outlines the organization's charitable objectives, governance structure, and operational framework. The memorandum is particularly important as it defines the scope within which the organization can operate, establishes its non-profit status, and provides transparency to stakeholders and regulatory authorities about the organization's purposes and limitations. Any future activities of the organization must align with the objectives stated in this document, making it essential for long-term compliance and governance.
