Memorandum of Association  OF  PAKISTAN OVERSEAS ALLIANCE . FORUM LTD
 

1- The name of the Company (hereinafter called the Association") is PAKISTAN OVERSEAS ALLIANCE FORUM LTD

2- The registered office of the Association is to be situated in England and Wales

3- The objects for which the Company is established are:

I. The main objectives of the POA are:

i) To recruit new members for the forum.

ii) To educate members in democratic and legal knowledge.

iii) To promote an understanding of cultures and to monitor the observance of human rights in Europe. Pakistan and worldwide

iv) To encourage and develop key players at all skill levels and ages to promote the betterment of Pakistan and Pakistanis overseas tivithout distinction of age, sex, race creed and religion.

v) To generate income from fundraising events to facilitate the development and management of educational trusts and hospitals.

vi) To alert authorities where Pakistani politicians have dissipated asset of Pakistan_

2. The POA provides for its members a social enterprise in a common effort to advance education and provide facilities in the interest of social welfare, employment, training and education.

vii) To promote all or any objective for the benefit of the members and the greater community.

viii) To promote mutual co-operation and proper understanding amongst the deprived and disadvantaged communities in Pakistan and around the world, and to work for unity.

4. h1 support of the objects_ but not otherwise, the Company shall have power to do all things incidental or conducive to the attainment of the objects or any of them. In particular (but without limitation) the Compare shall have the following powers:

4.1 to pay out of the Company's funds the costs incurred in forming the Company;

4.2 to pay out of the Company's funds premiums on insurance policies to cover the liability of the members of the Board of Management established by the Articles of Association which by virtue of any rule of law would otherwise attach to them in respect of any negligence, default, breach of duty or breach of trust of which they may be guilty in relation to the Company: provided that any such insurance or indemnity shall not extend to any claim arising from criminal neglect or deliberate default on their part;
4.3 to invest and deal with the moneys of the Company not immediately required in such manner as may from time to time be determined and to hold or otherwise deal with any investments made, provided that the Company shall not have power to invest in any organisation which is a member of the Company at the tune the investment is made;

4.4 to promote any other company for the purpose of acquiring the whole or any part of the business or property or undertaking or any of the liabilities of the Company, or of undertaking any business or operations which may appear likely to assist or benefit the Company;

4.5 to set up, establish, support and maintain superannuation and other funds or schemes (whether contributory or non-contributory} for the benefit of any of the employees of the Company or of any subsidiary. holding or fellow subsidiary of the Company and of their wives. widows. children and other relatives and dependants and to lend money to any such employees or to trustees on their behalf to enable any such schemes to be established or maintained.

5. The income and capital of the Company shall be applied solely towards the promotion of the objects of the Company: and no part of the income or capital shall be paid or transferred, directly or indirectly, to the members of the Compare. whether by way of dividend or bonus or otherwise in the form of profit. This shall not prevent the payment of:

5.1 reasonable and proper remuneration to any officer. employee, or member of the Company in return for any services provided to the Company;

5.2 a reasonable rate of interest on money lent to the Company; 5.3 reasonable rent for property let to the Company;

5.4 expenses to members of the Board of Management;

5.5 premiums on the indemnity insurance referred to in clause 5.2.

6. The liability of the members is limited.

7. If the Company is wound up while a person is a member or within one year after that person ceases to be a member, every member of the Company will contribute such amount as may be required (not exceeding £5) to the assets of the Company, for payment of the Company's debts and liabilities accrued before the member ceases to be a member, and of the costs and expenses of winding up. and for the adjustment of the rights of the members among themselves.

If on the winding up or dissolution of the Company there remains any surplus property after satisfaction of the Company's debts and liabilities, the surplus shall not be paid to the members of the Company. but shall be either:

8.1 given or transferred to some other institution or institutions having objects similar to the objects of the Company: or

8.2 If no such payment is possible, any surplus shall be applied to a charitable object. In each case, the recipient body or bodies shall be chosen by the members as at the date of winding up or dissolution.

We, the persons whose names are written below. wish to be formed into a Company under this Memorandum of Association:

Names and addresses of subscriber(s).

Name and Address:

Duport Director Limited Southfield House

2 Southfield Road

Westbury

Bristol

BS9 3BH

COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL

Articles of Association

PAKISTAN OVERSEAS ALLIANCE FORUM LTD