1. The Features of a Company
Query: Sir agr company mn kisi member ki death hojay to legal representatives member bn jaty hyn agr wo na ho to door k relative bn jaty hyn agr wo b na hon to kon hota hh?
Response: Then, it shall be transferred in the name of State (e.g. Pakistan).
2. Definitions and Types of Company
Query: Is SECP a government?
Response: SECP is independent body corporate. It is accountable to government and government appoints its Commissioners and Board members but SECP and government are not one and same thing.
3. Authorities, Officials, Members and Resolutions
Query: after registration of company subscribe to memrandum become member oky, but if they sell share so they are still member
Response: If a member sells some shares but not all held by him, he would still be member. If a member sells all the shares in a company, his name is removed from register of members and form such date he is not the member of company.
4. Association Not for Profit
5. Registration of a Company
Query: after registration of company subscribe to memrandum become member oky, but if they sell share so they are still member
Response: If a member sells some shares but not all held by him, he would still be member. If a member sells all the shares in a company, his name is removed from register of members and form such date he is not the member of company.
Query: sir in case of running business with fewer no. of members, will the person paying liability has right to rcover it from other members further in case of a public company there was two members and one was known to fact that no. of members was below the minimum no. in that case both are liable or just one
Response: 1. Yes (later). 2. Just the one who was cognizant of the fact.
6. Objective Based Q&A