Page 290 - InterloopAnnualReport2020

AGENDA NO. 8- ALTERATION OF/AMENDMENTS IN THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF
THE COMPANY
The alteration of/amendments in Memorandum and Articles of Association of the Company are being carried out in order to
eliminate the other Class of shares (“Non-Voting Ordinary Shares”). The following alteration of/amendment in “Clause V” of
the Memorandum of Association of the Company has been recommended by the Board for adoption in the Annual General
Meeting:”

Sr. Existing Proposed Amended
No. Provision of Memorandum Provision of Memorandum
V. The Authorized Capital of the Company is Rs. V. The Authorized Capital of the Company is Rs.
10,000,000,000/- (Rupees Ten Billion only) divided into 10,000,000,000/- (Rupees Ten Billion only) divided into
965,000,000 (Nine Hundred Sixty Five Million) Ordinary 1,000,000,000 (one billion) Ordinary Shares of Rs.10/-
Shares of Rs.10/- (Rupees Ten) each and 35,000,000 (Rupees Ten) each, with attached thereto respectively
(Thirty Five Million) Non-Voting Ordinary Shares of such preferential, deferred, qualified or special rights,
Rs.10/- (Rupees Ten) each, with attached thereto privileges and conditions as provided in the Articles of
respectively such preferential, deferred, qualified or Association of the Company, or in accordance with the
special rights, privileges and conditions as provided Companies Act, 2017, and to vary, modify or abrogate
i in the Articles of Association of the Company, or in such rights, privileges and conditions, in such manner
accordance with the Companies Ordinance, 1984, and as may be permitted by the Companies Act, 2017 and to
to vary, modify or abrogate such rights, privileges and increase and/or reduce the capital and to divide shares
conditions, in such manner as may be permitted by in the capital into several kinds and classes and to
the Companies Ordinance, 1984 and to increase and/ consolidate or subdivide the shares and to issue shares
or reduce the capital and to divide shares in the capital for higher or lower denominations.
into several kinds and classes and to consolidate or (Altered)
subdivide the shares and to issue shares for higher or
lower denominations.

A copy of the amendments in the Articles of Association of the Company with track changes, bearing the initials of the Company
Secretary for the purpose of identification, is being annexed as “Annexure B” which is included in the CD/DVD with the notice of
Annual General Meeting for the information of the members which have also been kept at the Registered Office of the Company
and may be inspected by members on working days during usual business hours from Monday to Friday (9.00 a.m. - 5.00 p.m.)
from the date of issuance/publication of this notice till the date of General Meeting.

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