1. The name of the chamber shall be “LASBELA CHAMBER OF COMMERCE AND
INDUSTRY”.
2. The Registered Office of chamber will be situated in Hub
District Lasbela, Balochistan.
3. The aims and object for which the chamber is formed
i) To advance, develop, protect, safeguard and promote rights,
interests and privileges of different trade and industries of
Pakistan and in particular of the area falling in the jurisdiction
of the chamber, as may be defined by Government from time to time,
and to secure maximum concessions and benefits for them from
Government and by other sources.
ii) To organize firms, partnerships and companies engaged in various
business, trades and industries in Lasbela and other area falling in
the jurisdiction of the chamber.
iii) To obtain the removal, as far as possible, of all acknowledged
grievances affecting merchants and / or industrialists.
iv) To diffuse among its members information affecting trade and
industry and to collect, print publish, issue and circulate such
papers, periodicals, books, circulars statistics and other literary
publications as may deem conducive to any of the objects of the
chamber.
v) To inculcate, foster and stimulate the spirit of mutual self help
on principles of co-operation and co-ordination among the members of
the chamber.
vi) To establish just and equitable principles in trade, commerce
and industry.
vii) To attempt to settle or compromise, arbitrate in settlement of
disputes arising between the members willing to or agreeing to
submit to arbitration in accordance with the arbitration rules of
the chamber.
viii) To arbitrate in the settlement of disputes arising out of
commercial transactions between non-members or between a member and
a non-member willing or agreeing to submit to arbitration in
accordance with the arbitration rules of the chamber, provided that
in such cases the chamber shall not charge from non-member more than
10% over and above the usual arbitration fee.
ix) To promote the welfare of persons engaged in the manufacture of
different products and create healthy relations and co-ordination
between the capitalists and the labour and to try settlement of
disputes between any of the members of the chamber and his works or
employees through negotiation, mediation or arbitration.
x) To work actively for the eradication of unethical business
practices from the field of trade, commerce and industry i.e. black
marketing, hoarding, over and under invoicing of exports and imports
not fulfilling the terms of contract with foreign buyers, refusing
to arrive at amicable settlement with firms abroad even when the
fault of the party so refusing is established and indulging in other
mal-practices to the national interests.
xi) To recommend to the Federal Government the enactment or
promulgation of such laws, acts, ordinance or orders which will
afford protection to the business, trade or industry and to
represent for the repeal of such laws, acts, ordinances or orders
which hamper the development thereof.
xii) To make representation to authorities, local, provincial of
Federal Government on any matter connected with the trade, commerce
and industry.
xiii) To represent to the Federal Government the interests of the
members of the chamber in respect of their business, trade or
industry.
xiv) To, appoint delegation to present the case or cases of the
members of the chamber before the authorities.
xv) To elect or nominate members to represent the chamber
temporarily or permanently on local and public bodies.
xvi) To raise funds, through donations and subscriptions to meet the
expenses of the chamber, and to sell, mortgage, dispose of or
otherwise deal with all or any part of the property of the chamber.
xvii) To subscribe, pay or donate moneys out of the funds of the
chamber for charitable, benevolent, humanitarian or social purposes
at the discretion of the executive committee of the chamber, and to
raise and maintain funds with a view to provide help and assistance
to dependents of persons in the employment of the chamber.
xviii) To raise funds or borrow money, to take over or otherwise
acquire and sell shares, stocks, debentures or other securities of
any Company.
xix) To buy or acquire, take on lease or by way of transfer any
property movable or immovable for the purpose of the chamber.
xx) To file, prosecute or defend or concur, join or aid in filing,
prosecuting or defending any action, suit, application, appeal or
proceeding as the chamber may think proper for or conducive to the
objects of the chamber.
xxi) To subscribe to and become a member of and co-operate with,
procure from and communicate with any other trade organization,
whether incorporated or not, whose objects are altogether or in part
similar to those of this chamber and to procure from, communicate
with any such organization as may be likely to forward the objects
of the chamber.
xxii) To establish a commercial and statistical Library.
xxiii) To carry out all such other lawful function as are incidental
or conducive to the attainment of the above aims and objects.
xxiv) To open current, saving, overdraft of loan account or cash
credit account or fixed account of the chamber with any one or more
schedule Bank or Banks and pay money into and draw money from any
such account.
xxv) To draw, make accept, endorse, discount, execute and issue
bills of lading, warrant, debentures and other negotiable or
transferable or mercantile instrument of securities in respect of
the affairs of the chamber.
4. The income and property of the chamber shall be applied solely
towards the promotion of the aims and object of the chamber as set
forth in the Memorandum of Association and that no portion thereof
shall be paid or transferred directly or indirectly, by way of
dividend or in any other manner by way of profit to any person or
persons who are or have been at any time members of the chamber or
any person claiming through or any of them.
PROVIDED always, that nothing herein shall prevent the payment, in
good faith, of remuneration to any officer or servant of the chamber
or to any member thereof or any other person in return for any
services actually rendered to the chamber.
PROVIDED FURTHER, that no member of the chamber shall be appointed
to any salaried office of the chamber or any office of the chamber
with paid fees and no remuneration shall be given except repayment
of out of pocket expenses and interest on money rent or rent for
premises demised to the chamber.5. No addition, alteration and / or amendment shall be made in
the Memorandum of Association unless the same shall have been
previously submitted to and approved by the Federal Government.
Amendments shall also be made when required by the Federal
Government in public interest.
6. The fourth and ninth paragraphs of the Memorandum of Association
contain conditions on which a License is granted by the Federal
Government to the chamber under section 3 (1) of the Trade
Organizations Ordinance, 1961 (XLV of 1961).
7. The liability of the members is limited but if any member in
contravention of paragraph-4 hereof acquire any profit or bonus his
liability shall become unlimited.
8. Ever member of the chamber undertakes to contribute to the assets
of the chamber in the event of the same being wound op during the
time he is a member or within one year hereafter of payment of the
debts and liabilities of the chamber, contracted before the time at
which he ceased to be a member, and of the costs, charges and
expenses of the winding up of the same, and for the adjustment of
the rights of the contributories among the Members, such amount as
may be required but not exceeding Rs. 200/- in the case of associate
members and Rs. 1000/- in case of other members.
9. If upon winding up or dissolution of the chamber there remains,
after the discharge of all its debts and liabilities, any property
whatsoever the same shall not be paid to or distributed among the
members of the chamber, but shall be given or transferred to some
other institution or institutions having objects similar, wholly or
in part, to the objects of the chamber to be determined by the
members of the chamber at the time of dissolution or in default
thereof by such court in Balochistan as may have or acquire
jurisdiction in the matter
We the several persons whose names and addresses are subscribed
hereto are desirous of being formed into an Association in pursuance
of these Memorandum of Association.
|
S. No |
Name & Address (Present & Former)
Father’s Name
(in Block Letters) |
Nationality with any former Nationality
& Occupation |
Address |
|
1. |
Mr. Akram Sultan
So. (Late) Haji
Mohammad Sultan |
Pakistani
Industrialist |
Sultan Centre 11, West Wharf Road,
Karachi |
|
2. |
Mr. Khaleequr Rehman
S/o. Sh. Zikur Rehman |
Pakistani
Industrialist |
2/13, Rehan Bldg, Islami Chowk,
Marrieot Road, Karachi. |
|
3. |
Mr. Mohammad Ali R. Habib
S/o. Rafiq M. Habib |
Pakistani
Industrialist |
4th Floor, Hirani Centre, I. I.
Chundriger Road, Karachi. |
|
4. |
Mr. Maqsood Ismail
S/o. Ismail Ahmed |
Pakistani
Industrialist |
20. Banglore Town, Shehrah-e-Faisal,
Karachi. |
|
5. |
Mr. Abdul Karim Yahya Bawany
S/o. Yahya Ahmed Bawany |
Pakistani
Industrialist |
3rd Flood Nadir House, I. I. Chundrigar
Road, Karachi. |
|
6. |
Mr. Shabbir Diwan
S/o. Pir Mohammad Diwan |
Pakistani
Industrialist |
8th Floor, Textile Plaza, M. A. Jinnah
Road, Karachi. |
|
7. |
Mr. Arif Dawood
S/o. Late Ali Mohammad Dawood |
Pakistani
Industrialist |
5th Floor, Cavish Court,
Shaeed-e-Millat, Shahrah-e-Faisal, Karachi. |
Dated the _______________ day of ____________19___
Witness to above signature
(Full Name, Father’s Hasband’s Name) Occupation Full Address
Signature
(in Block Letters) |
