Not For Profit Articles Of Association Template for Pakistan

The Not For Profit Articles of Association is a crucial document required for establishing and operating a not-for-profit organization in Pakistan. It is mandated by the Companies Act 2017 and must comply with Section 42 requirements and SECP regulations. This document is essential when founding a new not-for-profit organization or updating the constitutional framework of an existing one. It contains detailed provisions about the organization's charitable purposes, governance structure, membership rights, financial management, and dissolution procedures. The Articles serve as the primary reference for resolving internal disputes and guiding organizational decisions. In the Pakistani jurisdiction, this document must be carefully drafted to ensure tax-exempt status and maintain compliance with various regulatory requirements, including those related to foreign funding and social welfare activities.

1. Name and Registered Office: States the organization's name and registered office location in Pakistan

2. Objects and Powers: Detailed description of charitable/not-for-profit purposes and activities, ensuring compliance with Section 42 requirements

3. Application of Income and Property: Stipulates that income and property must be applied solely towards promotion of objects

4. Limited Liability: Declaration of members' limited liability

5. Prohibition on Payment of Dividends: Express prohibition on payment of dividends to members

6. Membership: Categories of membership, admission criteria, and termination procedures

7. General Meetings: Procedures for annual and extraordinary general meetings

8. Proceedings at General Meetings: Rules for conducting meetings, voting procedures, and quorum requirements

9. Board of Directors: Composition, appointment, removal, and powers of the board

10. Powers and Duties of Directors: Detailed description of directors' authorities and responsibilities

11. Proceedings of Directors: Rules for board meetings, decision-making, and record-keeping

12. Chief Executive: Appointment, removal, and powers of the Chief Executive

13. Secretary: Role and responsibilities of the company secretary

14. Seal: Provisions regarding the company seal and its use

15. Financial Matters: Financial management, accounts, audit requirements

16. Dissolution: Procedures for winding up and asset distribution