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so made shall state the object of the Extra Ordinary Meeting proposed to be called and shall be presented to the Secretary General of the Chamber.

 

73).      Upon receipt of the requisition under the preceding Article, the Executive Committee shall forthwith proceed to convene a Extra Ordinary Meeting.

 

74).      Not withstanding provisions of the preceding articles and subject to the provisions of the Ordinance as to the power to alter regulations by Special Resolution, at least twenty-one days notice, specifying the place, the day and the hour of the meeting and of the nature of the special business shall be given for any Special Meeting convened to revise, alter or amend the regulations of the Chamber.

 

75).      The non-receipt of a notice convening any General Meeting by any member shall not invalidate the proceedings of any such meeting.

 

QUORUM

 

76).     

(a).       In the case of the Executive Committee 5, or 1/3rd members which ever is higher in number shall form quorum.

           

(b).      One fourth members present personally and entitled to vote at the General Body meetings shall constitute a quorum.

 

 

 

77).      If within half an hour appointed for a General Meeting, a quorum of members is not present, the meeting if not convened on the requisition of members, shall stand adjourned to the same day in the following week at the same time and place provided that if it falls on pubic holiday, the meeting shall take place at the same time and place a week after and if at such adjourned meeting, the quorum of members is not present, the business on the agenda will be transacted by the members present whatever be their number.  The meeting convened on requisition of members shall stand dissolved for want of quorum.

 

78).      Every question referred to a General Meeting shall be decided by the majority of members present and voting at such meeting.

 

AMENDMENTS IN THE ARTICLES AND MEMORANDUM

 

79).      Amendments in these Articles or Memorandum can be effected only by a Resolution passed by the Extra-Ordinary General Meeting of the Chamber convened specially for this purpose, in accordance with these Articles. A proposal for amendments in the Articles shall be passed by ¾ majority of the Members present and voting at such a meeting, provided that all amendments shall be subject to the approval of government and shall also be made by government.

 

FUNDS

 

80).      The funds of the Chamber shall be deposited in a scheduled Bank or Banks.

 

SEALS

 

81).      The Executive Committee shall as soon as practicable provide for a common seal of the Chamber. The seal shall be deposited with the Secretary General and shall never be affixed to any document except in pursuance of a resolution of the Executive Committee.  Deeds, bonds and other documents to be made under the Seal shall be deemed to have been duly executed on behalf of the Chamber, if sealed with the common seal of the Chamber, and signed by the President or Vice-President and countersigned by the Secretary General or by the person acting as Secretary General.

 

GENERAL

 

82).      The members who have subscribed to the Memorandum and Articles of Association shall constitute the Adhoc Committee of the Chamber and shall exercise all the powers of the Executive Committee until such time as office bearers of the committee are elected in terms of thee Articles after the registration of the Chamber.

 

 

 

 

INCONSISTENCY

 

83).      Not-withstanding anything contained in these Articles, the provisions of Trade Ordinance and Rules will prevail to resolve any inconsistency.

 

WINDING UP

 

84).      The provisions of the Companies Ordinance, 1984 as amended from time to time, regarding the winding up of a private company shall apply to the winding up or dissolution of the Chamber.

 

INDEMNITY

85).      The President, Vice President, Secretary General, members of the Executive Committee and all officers of the Chamber from time to time acting in relation to any of the affairs of the Chamber shall be indemnified out of the funds and assets of the Chamber against all liabilities which they or any or them may incur by reason of any act done or action taken in their aforesaid capacity in the execution of their duty including defending all legal proceedings before any Court of Law.

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