Section 27 — Memorandum of company limited by shares

In the case of a
company limited by shares-

(A) the memorandum shall state—

(i) the name of the company with the word “Limited” as last
word of the name in the case of a public limited company,
the parenthesis and words “(Private) Limited” as last words
of the name in the case of a private limited company, and the
parenthesis and words “(SMC-Private) Limited” as last
words of the name in the case of a single member company;

(ii) the Province or the part of Pakistan not forming part of a
Province, as the case may be, in which the registered office
of the company is to be situate;

(iii) principal line of business:

Provided that—

(a) the existing companies shall continue with their
existing memorandum of association and the object
stated at serial number 1 of the object clause shall be
treated as the principal line of business;

(b) if the object stated at serial n umber 1 of the object
clause is not the principal line of business of the
company, it shall be required to intimate to the
registrar their principal line of business within such
time from commencement of this Act and in the form
as may be specified. A revi sed copy of the
memorandum of association indicating therein its
principal business at serial number 1 of the object
clause shall also be furnished to the registrar; and

(c) the existing companies or the companies to be
formed to carry on or engage in any bus iness which
is subject to a licence or registration, permission or
approval shall mention the businesses as required
under the respective law and the rules and regulations
made thereunder;

(iv) an undertaking as may be specified;

(v) that the liability of the members is limited; and

(vi) the amount of share capital with which the company
proposes to be registered and the division thereof into shares
of a fixed amount;

(B) no subscriber of the memorandum shall take less than one share; and

(C) each subscriber of the memorandum shall write opposite to his name
the number of shares he agrees to take.