Company Registration in Pakistan Conditions for alteration in Memorandum of Association for company registered in Pakistan:
Companies registered in Pakistan are allowed to make alteration in their memorandum of association for the following reasons:
A company registered in Pakistan can make changes in its memorandum to carry on business more economically or more efficiently.
Registered companies in Pakistan can make alteration in its memorandum of association to attain its purpose by new or improved means.
Changes are also allowed in the memorandum if the company registered in Pakistan is proposing to enlarge the area of its operations.
A company can also make changes in the memorandum of association to carry on any other business which can be conveniently be carried with the existing business of the company.
Similarly modification can also be made in the memorandum of association of the company to restrict or abandon any business mentioned in the memorandum of association.
Changes are also made by companies in their memorandum of association to sell or dispose of whole or part of their business.
Sometimes changes are also made in the memorandum of association of the company registered in Pakistan to amalgamate its business with any other company.
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