THE
COMPANIES ORDINANCE 1984
The Company
Limited By Shares
MEMORANDUM OF ASSOCIATION
OF
THE LEADERS INTERNATIONAL
SCHOOL
The name of the Company is "THE
LEADERS INTERNATIONAL SCHOOL AND COLLEGE (PRIVATE) LIMITED”.
The registered office of the Company will be situated in the Province of
Khyber Pakhtunkhwa.
The objects for which the company is
established are: -
To promote, establish, run manage and
maintain, educational institutions, colleges of arts, research, sciences,
information technology and business administration; higher level schools,
academics, technical training centers and such other educational institutions
as may be considered appropriate for the promotion and advancement of education
in the country with national and international affiliations to acquire the
services of professors, associate professors, lecturers, teachers, managements
skills and other professional from within the country and abroad as would be
needed to run and promote university and related educational institutions set
up by the Company subject however, to the permission of competent authority but
not to operate itself as a university and not to act as a degree awarding
institution.
The
sole object for which the Company is established is to Run in School, Colleges,
Educational Institutions, to teach, train, otherwise give, advice, maintain
schools, whether for nursery classes, K.G classes, Primary classes, lower
middle classes High and Higher Secondary classes, Junior and senior Cambridge
classes and to maintain hostels, dwelling houses and alike apartments for the
benefit for students teachers and staff concerning education subject to
permission of relevant authorities.
To
Establish Educational Institutions, Academies, training centres, to teach,
train or other wise give advise, maintain these Institutions for providing
Distance Education as Computer-mediated education, Computer-assisted education
and Computer managed Instructions and Digital Literacy for Computer use. Also to
held courses for Information Technology, Management Information System and
Decision Support System for Database Management, Statistical analysis,
Financial Modeling etc. software houses, Distance learning; to train manpower
on software development and to Import/export Technology, Books and Journals,
Laboratory, Educational and Scientific Equipment, Computer Hardware and
Software and its accessories etc. for the promotion of Education and to
maintain hostels, dwelling houses for the benefit of students, teachers and
staff concerning education subject to permission of relevant authorities.
To get
these Institutions affiliated with Education Department or any Board of
Education whether in Pakistan or abroad and to pay or receive fees for such
purposes as the case may be and to purchase, sell any of such institution for
the benefit of the firm and to get these Institutions recognized from any
government whether central, provincial, homeland or abroad.
For
the purposes of achieving the above objects, the company is authorized:-
To
purchase, import raw materials and allied items required in connection
thereto in any manner as the company may think fit;
To do and perform all other acts and things as are incidental or
conducive to the attainment of the objects of the company;
To
own, establish or have and maintain shops, branches and agencies all over
Pakistan or elsewhere for sale and distribution of cables, wires, meters,
pylons, tracks, rails, pipelines and any other plant, apparatus equipments,
systems and things incidental to the efficient generation, procurement,
transformation, supply and distribution of electricity; subject to permission
of relevant authorities.
To
make known and give publicity to the business and products of the company by
such means as the company may think fit;
To
purchase, acquire, protect, renew, improve, use and sell, whether in Pakistan
or elsewhere any patent, right, invention, license, protection or concession
which may appear advantageous or useful to the company for running the business;
To pay
all costs, charges and expenses, if any, incidental to the promotion,
formation, registration and establishment of the company;
To
borrow and arrange the repayment of money from banks, financial institutions or
any lawful sources whether in Pakistan or elsewhere and in such manner as the
company may think fit, including the issue of debentures, preference shares,
bonds, perpetual or otherwise charged upon the whole or any part of the
company's property or assets, whether present or future, and to purchase,
redeem or payoff such securities;
To
purchase, hold and get redeemed shares, debentures, bonds of any business,
company, financial institution or any Government institutions;
To
guarantee the performance of contracts, agreements, obligations or discharge of
any debt of the company or on behalf of any company or person in relation to
the payment of any financial facility including but not limited to loans,
advances, letters of credit or other obligations through creation of any or all
types of mortgages, charges, pledges, hypothecations, on execution of the usual
banking documents or instruments or otherwise encumbrance on any or all of the
movable and immovable properties of the company, either present or future or
both and issuance of any other securities or sureties by any other means in
favour of banks, Non-Banking Finance Companies (NBFCs) or any financial
institutions and to borrow money for purpose of the company on such terms and
conditions as may be considered proper.
Notwithstanding any thing stated in any object clause the company shall
obtain such other approval or license from competent authority as may be
required under any law for the time being in force to undertake a particular
business.
The company would not indulge in any sort of real estates, business,
housing colonies, purchase and sale of plots and development of land and
housing finance company business as mentioned in NBFC Rules 2003.
It is,
hereby, undertaken that the Company shall not engage in banking business or any
business of investment company or non-banking finance company or insurance or
leasing or business of managing agency or in any unlawful business and that
nothing contained in the object clauses shall be so construed to entitle it to
engage in such business directly or indirectly and the Company shall not launch
multi-level marketing (MLM), Payment sales receipts schemes, Pyramid and Ponzi
schemes.
The liability of the members is limited.
The capital of the Company is Rs. 2,000,000/‑ (Two Million) divided into 20,000
(Twenty Thousand) ordinary shares of Rs. 100/‑ each with power to
increase or reduce the capital for the time being into several classes, subject
to the provisions of section 90 of the company’s ordinance 1984.
We the several persons whose
names and address are subscribed bellow are desirous of being formed into a
company in pursuance of this Memorandum of Association and we respectively
agree to take the number of shares in the Company as set opposite to our
respective name:
Dated:
05th day of July , 2011
Witness to the above signatures:
NIFT (PRIVATE) LIMITED
5th Floor, AWT Plaza Chundrigar Road ,
Karachi
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