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6). Every member undertakes to contribute to the assets of the Chamber in the event of the same being wound up during the time that he is a member or within one year afterwards for payment of the debts and liabilities of the Chamber contracted before the time at which he cease to be a member and of the costs, charges and expenses of winding up the same and for adjustment of the rights, of contributories amongst themselves such amount as may be required.
7). If upon the winding up or dissolution of the Chamber there remains after satisfaction of all the debts and liabilities, any property whatsoever, the same shall not be paid to, or divided among the members of the Chamber but shall be given or transferred to some institution having objects similar to the objects of the Chamber and approved under the Income Tax Ordinance, 2001 to be determined by the Chamber at or before the time of the dissolution and in default thereof by such judge of the highest law court in the Province of Punjab as may have or acquired jurisdiction in the matter.
8). No addition, alteration and amendment shall be made in the Memorandum of Association or in the regulations contained in the Articles of Association for the time being in force unless the same shall have been previously submitted to and approved by the Government.
9). The territories to which the objects of the Chamber shall extend are the whole of Pakistan.
We the several persons whose names and addresses are subscribed are desirous of being formed into an Chamber in pursuance of these Memorandum of Association
Dated: 28th day of September 2007 Witness to above Signature: 1. Name: Farooq Ahmad Cheema
S/o.: Manzoor Hussain Chemma Add: Lalazar Colony Phase 1, Satellite Town, Jhang
Occupation: Secretary, Jhang Chamber of Commerce & Industry Signature: ___________________
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