Hereby, it is inform to all of you that A/c to company ordinance 1984 there are general rules and regulation for all subscriber of the company under mention below.
1. The entire subscriber (Common/Class 1, share holder) is the part of company equally according to their percentage of the share.
2. No subscriber under Common Shareholder or Class1 members can take a part in company with the name or amount of another third party and get any percentage from any other party / person. Under these circumstances company should not liable for any contract with any outsider, except the part of subscriber deal with company management.
3. Company have two types of share given to the subscriber.
i. Common or Class 1 share; Under this share a subscriber can take the full dividend in both profit and loss condition.
ii. Applied Share or Class 2 share; Under this type of share subscriber took just 80% profit from the total amount of the share and 20% given to company on reward of getting facilities from company that in this circumstances shareholder just the part of only 60% loss.
4. All acids of the company are equally owned by all shareholders under Class1 registration therefore all amount of company building are equally divided.
5. Company have the initial capital of amount 2500000/- only which were divided in 50 shares of amount 50000/- only per share. 6. Initial subscribers in the company are mention under, which are decided unanimously such as
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