Model Articles Of Association For Private Companies Template for Pakistan

1. Different Classes of Shares: Required when the company plans to issue different classes of shares with varying rights

2. Preference Shares: Needed when the company wants to issue preference shares with special rights and restrictions

3. Share Buy-back: Include when the company wants to retain the right to purchase its own shares

4. Electronic Meetings: Provisions for conducting virtual or hybrid meetings, increasingly relevant in modern business

5. Alternate Directors: Procedures for appointing alternate directors, useful for companies with international directors

6. Executive Directors: Required when the company wants to appoint directors to executive positions

7. Borrowing Powers: Detailed provisions about the company's power to borrow and provide security

8. Dividends and Reserves: Specific rules for dividend distribution and creation of reserves

9. Corporate Social Responsibility: Include for companies planning significant CSR activities

10. Shareholder Agreements Integration: Required when incorporating provisions from separate shareholder agreements

1. Schedule I - Share Capital Structure: Detailed breakdown of share classes, rights, and initial subscribers

2. Schedule II - First Directors: List of first directors and their details

3. Schedule III - Proxy Form: Standard form for appointing proxies for general meetings

4. Schedule IV - Share Transfer Form: Standard form for transfer of shares

5. Appendix A - Company Seal: Design and usage rules for the company seal

6. Appendix B - Special Resolution Templates: Standard templates for common special resolutions

7. Appendix C - Board Committee Terms of Reference: Standard terms of reference for various board committees