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Memorandum of Association: PTV

Pakistan Television Corporation came into being through the following memorandum of association signed in 1964 between the Government of Pakistan (6 out of 10 shares), Nippon Electric Co. Ltd. Tokyo (3 out of 10 shares), and Thompson Television (International), Ltd, London (1 out of 10 shares).

Notes:
(1) On February 10, 1966, the company was incorporated as "Television Promoters Company Limited" and subsequently converted into a public company, "Pakistan Television Corporation Limited," on June 27, 1967.
(2) The words "West Pakistan" are to be read as "Islamabad, Pakistan" in accordance with a resolution passed in 4th Extraordinary General Meeting of the Pakistan Television Corporation Ltd, held on March 24, 1982


Memorandum of Association of Pakistan Television Corporation Limited

The Companies Ordinance, 1964

COMPANY LIMITED BY SHARES

I. The name of the Company "Pakistan Television Corporation Limited".

II. The registered Office of the Company will be situated in Islamabad, Pakistan.

III. The objects for which the Company is established are:

1. To establish a network of Television Stations in Pakistan by erecting, constructing, maintaining and improving Television Stations at places approved by the Government of Pakistan or by using facilities of any organisation or institution under such arrangements or terms which may seem desirable to the Company and providing television broadcasting services by telecasting live programmes of all kinds, news pictorials and documentaries, local and foreign films of all kinds and nature for the purposes of disseminating information, education and entertainment.

2. To ensure that programmes telecast by the Company from its each television Station maintain a high general standard in all respects and in particular in respect of their content, quality, balance and wide-range of subject matters, having regard to programmes as a whole.

3. To carry out instructions of the Government of Pakistan with regard to the general pattern or policies of programmes, announcements and news etc., to be put on Air from time to time and also in respect of television code of ethics and television broadcasting timing from various stations of the Company.

4. To ensure that while its affairs are conducted on sound commercial principles, it does not lose the character of public service.

5. To carry on the business of commercial advertisement by selling programmes and advertising time of television stations either directly or through advertising agencies or by setting up advertising agencies or by other means.

6. To carry on all or any of the business of shooting-scripts, developing, processing, printing, editing, telecasting and selling films of all kinds and nature; setting up studios, laboratories, shops, showrooms, etc., in connection with making of films; importing and exporting of raw developed films; and producing music discs and other recorded material.

7. To carry on all or any of the business of manufacture, purchase import, export, store, warehouse, sell and generally to deal in all materials, articles and things required for or incidental to telecasting service or any other business of the Company.

8. To adopt such means of increasing television receiver sets in the country, as may seem expedient, and to carry on all or any of the business of manufacturing, assembling, importing, exporting, buying, selling or dealing with Television Receiver Sets, Radio Sets, Record Players and Tape-Recorders of all kinds and description.

9. To carry on any other business whether manufacturing or otherwise which may seem to the Company capable of being carried out to the benefit of the Company in any way whatever.

10. To take on rent, construct, maintain or alter any buildings etc., necessary for the purposes of the Company.

11. To acquire and undertake the whole or any part of the business, property, and liabilities of any person or company carrying on any business which the Company is authorised to carry on, or possessed of property suitable for the purposes of this Company and also to set up subsidiary Companies for the same purpose.

12. To establish laboratories, research and development centres to perform such research and development as the Company may deem advisable or feasible.

13. To train or arrange to be trained the personnel and workers, both in Pakistan and abroad, to obtain technical proficiency in various specialties connected with the Television or other business of the Company.

14. To apply for, purchase or otherwise acquire any patents, brevets d'invention, licences, concessions, and the like, conferring any exclusive or non-exclusive or limited right to use, or any secret or other information as to any invention which may seem capable of being used for any of the purposes of the Company, or the acquisition of which may seem calculated directly or indirectly or benefit the Company, and to use, exercise, develop, or grant licences in respect of, or otherwise turn to account the property, rights or information so acquired.

15. To enter into partnership or into any arrangement for sharing profits union of interest, co-operation, joint adventure or reciprocal concession, with any person or company carrying on or engaged in, any business or transaction which this Company is authorised to carry on or engage in, or any business of transaction capable of being conducted so as directly or indirectly to benefit this Company. And to lend money to, guarantee the contracts of, or otherwise assist, any such person or company and to take or otherwise acquire shares and securities of any such company, and to sell, hold, re-issue with or without guarantee, or otherwise deal with the same.

The objects set forth in any sub-clause of this clause shall not, except when the context expressly so requires, be in any way limited, restricted by reference to or inference from the terms of any other sub-clause, or by the name of the company. None of such sub-clause or the objects therein specified or the powers thereby conferred shall be deemed subsidiary or auxiliary merely to the objects mentioned in the first sub-clause or clause, but the Company shall have full power to exercise all or any of the powers conferred by any part of this clause in any part of the world and notwithstanding that the business, undertaking property or acts proposed to be transacted, acquired, dealt with or performed do not fall within the objects of the first sub-clause of this clause.

IV. The liability of the members is limited.

V. The authorised ordinary shares capital of the Company is Rs. 2000,000,000/- (Rupees two thousand million) divided into 10,000,000 'A' Class Ordinary shares of Rs. 100/- (Rupees one hundred each) and 10,000,000 'B' Class Ordinary shares of Rs. 100/- (Rupees one hundred) each with power for the Company to increase, consolidate, subdivide, reorganise or reduce the shares capital, whether original or increased and to divide the shares in the capital of the Company for the time being into several classes in accordance with the provisions of the Companies Ordinance, 1984.

We, the several persons whose names and addresses are subscribed below are desirous of being formed into a Company in pursuance of this Memorandum of Association and we respectively agree to take the number of shares in the capital of the Company set opposite our respective names:

S. No. Names, addresses and descriptions of subscribers No. of Shares Names, addresses and descriptions of witnesses
1 Mr. Altaf Gauhar, S.Pk., SQA., T.Pk., CSP., Secretary, Ministery of Information and Broadcasting, Rawalpindi, for and on behalf of the Government of Pakistan
6
 
2 Mr. S. Okamoto, Nippon Electric Company, Representative in Pakistan, for and on behalf of Nippon Electric Co., Ltd., Tokyo
3
 
3 Sir Timothy Bligh, K.B.E., D.S.O., D.S.C., Director, Thomson Television (International) Ltd., London, for and on behalf of Thomspon Television (International) London
1
 
  Total
10
 

Source: Uncensored: an eyewitness account of abuse of power and media in Pakistan
By Burhanuddin Hasan (2000). Royal Book Company, Karachi.


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