KARWAN-E-BANI HASHIM

1- The regulation contained in table ‘A’ to the first schedule to the companies act 2017 shall be the regulation of KARWAN-E-BANI HASHIM so far these are applicable to a private company.

 

2- The company is a ‘PRIVATE COMPANY’ within the meaning of section to (1) (49) of the act and accordingly.

(1) No invitation shall be made to the public to subscribe for the shares or debentures of the company.

(2) The number of the members of the company (exclusion of persons in the employment of the company) shall be limited to fifty, provided that for the purpose of this provision, where two or more persons hold one or more shares in the company jointly, they shall be treated as a single member and

(3) The right to transfer shares if the company is restricted in the manner and to the extent herein appearing.

TRANSFER OF SHARES

A member desirous to transfer any of his shares shall first offer such shares for sale or gift to the existing members and in case of their refusal to accept the offer such shares may be transferred to any other person. As purposed by the transferor member, with the approval of the Board of Directors.

Directors

The member of Directors shall not be less than two or a higher number as fixed under the provisions of the Act. The following persons shall be the first Directors of the company and shall hold the office up to the date of First Annual General Meeting.

(1) BINT-E-ABBAS

(2) SYED HASHIM RAZA JAFFERY

(3) SYED ALI NAQI RIZVI

(4) SYED SAQIB ZAIDI