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Memorandum Of Association Of Digital Marketing Company

Memorandum Of Association Of Digital Marketing Company Template for Pakistan

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Memorandum Of Association Of Digital Marketing Company

"I need a Memorandum of Association of Digital Marketing Company for a Pakistan-based startup planning to offer social media management and content creation services across South Asia, with initial operations starting March 2025 and authorized capital of PKR 10 million."

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Document background
The Memorandum of Association of Digital Marketing Company is a crucial incorporation document required when establishing a digital marketing business entity 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 foundation for the company's existence, defining its purpose, powers, and limitations specifically in the context of digital marketing operations. The memorandum includes essential information such as the company name, registered office location, objects clause detailing digital marketing activities, liability limitations, and capital structure. This document is particularly important as it informs shareholders, stakeholders, and the public about the company's digital marketing focus while ensuring compliance with Pakistani corporate law requirements.
Suggested Sections

1. Name Clause: Specifies the company's name and includes 'Private Limited' or 'Limited' as applicable

2. Registered Office Clause: States the province/territory in Pakistan where the registered office will be situated

3. Objects Clause: Details the primary and ancillary business objectives related to digital marketing services

4. Liability Clause: Declares that member liability is limited by shares

5. Capital Clause: States the authorized share capital, types of shares, and their nominal value

6. Association Clause: Declares the subscribers' desire to form a company and their agreement to take shares

7. Digital Business Activities: Specific declaration of digital marketing activities, online services, and e-commerce operations

8. Compliance Statement: Declaration of compliance with relevant Pakistani laws including digital commerce regulations

Optional Sections

1. Subsidiary Business Activities: Include when the company plans to engage in related business activities beyond core digital marketing

2. International Operations: Add when the company plans to conduct business outside Pakistan

3. Technology Infrastructure: Include when specifying ownership and operation of specific technical infrastructure

4. Data Protection Protocols: Add when handling sensitive customer data or operating with international clients

5. Intellectual Property Rights: Include when the company plans to develop proprietary digital marketing tools or content

6. Joint Venture Provisions: Add when planning potential collaboration with other companies

Suggested Schedules

1. Schedule I - Subscriber Information: Details of initial subscribers including names, addresses, occupations, and number of shares subscribed

2. Schedule II - Share Capital Structure: Detailed breakdown of share classes, rights, and distribution

3. Schedule III - Digital Marketing Services: Comprehensive list of digital marketing services to be offered

4. Schedule IV - Initial Directors: Details of first directors and their shareholding

5. Appendix A - Compliance Framework: Framework for ensuring compliance with digital marketing regulations and standards

6. Appendix B - Technical Infrastructure: Details of technical setup and digital assets required for operations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Digital Marketing

Advertising

Information Technology

E-commerce

Media and Communications

Professional Services

Technology Consulting

Social Media Marketing

Content Creation

Digital Analytics

Relevant Teams

Legal

Corporate Affairs

Compliance

Board of Directors

Executive Leadership

Corporate Governance

Digital Operations

Finance

Risk Management

Business Development

Relevant Roles

Chief Executive Officer

Company Secretary

Legal Counsel

Corporate Lawyer

Compliance Officer

Board Director

Managing Director

Digital Marketing Director

Business Development Manager

Operations Manager

Finance Director

Corporate Governance Officer

Risk Management Officer

Shareholder Representative

Industries
Companies Act, 2017: The primary legislation governing company formation, registration, and regulation in Pakistan. It provides the legal framework for incorporating companies and specifies requirements for the Memorandum of Association.
Electronic Transactions Ordinance, 2002: Regulates electronic transactions and digital business operations in Pakistan, relevant for digital marketing companies conducting business online.
Prevention of Electronic Crimes Act, 2016: Governs cybersecurity and electronic communications, important for digital marketing companies handling online content and data.
Pakistan Electronic Media Regulatory Authority Ordinance, 2002: Regulates electronic media and advertising content, relevant for digital marketing activities and content distribution.
Sales Tax Act, 1990: Governs the taxation of services, including digital marketing services, and needs to be considered in defining the company's business activities.
Personal Data Protection Bill (Draft): Though pending enactment, important to consider for future compliance regarding data collection and processing in digital marketing activities.
Registration Act, 1908: Regulates the registration of documents and is relevant for company registration procedures.
Income Tax Ordinance, 2001: Governs corporate taxation and needs to be considered when defining the company's financial structure and obligations.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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