‘PakSuzuki’ – a brainchild

of Suzuki Motor Company

• Pak Suzuki Motor Company Limited (PSMCL)
was established, as a joint venture between
Pakistan Automobile Corporation (PACO) and
Suzuki Motor Corporation (SMC) – Japan
• Was incorporated as a public limited
company in August 1983
• licensed from SMC-Japan - Suzuki Motor
Company
• Founded 1983
• Headquarters Karachi, Pakistan
• Subsidiary of SMC
• Suzuki's first locally built product would be
800 cc ST90 Carry van and truck
• 25,000 per year is the aim for beginning
production
 Joint Venture
• Joint Venture is a legal organisation that takes the
form of a short-term partnership in which the
persons jointly undertake a transaction for mutual
profit.
• Joint ventures can involve any type of business
transaction and the "Persons" involved can be
Individuals, Groups of Individuals, Companies or
Corporations.
• Relationship b/w the parties is created on the terms
and conditions as stated in the agreement. Rights,
liabilities etc. There is no requirement under the law
of Pakistan for registration of such Agreements.
However, the entities which form Joint Venture may
themselves be required to be registered under the
relevant law.
FAQs. MISSION
• Develop products of superior value by focusing on the
customer
• Establish a refreshing and innovative company through
teamwork
• Strive for individual excellence through continuous
improvement

FAQs. VISION
To be recognized as a leading organization that values
customers’ needs and provides motoring solutions with strong
customer care.
PRODUCTS
 ABOUT THE
Promoters –
Who we are?
● We are five people who are promoters of this
business.
● Names of the five group members: [write here]
● We are the mixture of business tycoons and
have influence in both Pakistan and Japan and
we are carrying out this joint venture for the
benefit of both countries.
● This is in accordance with Section 14, sub
section 1, clause (a) of the Companies Act
2017, 3 or persons are required to form a
public company.
SHAREHOLDING PATTERN
 OUR MILESTONES FOR THE
FUTURE
• It is one of our dreams to achieve “Sitara-e-Pakistan” by Government of
Pakistan
• We plan on expanding our plants and opening a new plant at Bin
Qasim.
• We plan on achieving the Highest Award from SMC-Japan on
completion of 50,000 units to Government of Punjab keeping in mind
the new “Apna Rozgar Scheme” introduced by the government.
• Keeping in mind the rugged terrains in Pakistan, we plan on introducing
Suzuki Cultus Limited Edition and Suzuki Vitara in the next few years.
• After the 5th year of our business, we would like to commence
component export to Hungary, Sub-leasing of land to Vendors Industry
of Pak Suzuki adjacent to its assembly plant.

• In the initial years of our business, we will try achieving the Ozone
Award from Govt. of Pakistan
• We also pan on taking a permit as soon as possible for the production
of factory Fitted CNG Vehicle (Mehran & Cultus) by Federal Minister.
 MILESTONES IN THE
FUTURE
• In the first year of our business, we plan on the production of
100,000 vehicles, the sales of which will be crossed in two
calendar years.
• Suzuki Gear Oil marketing to be started. Suzuki motorcycle, GD
110 to be launched. Will also be introducing Suzuki heavy bikes.
 PROJECTED SALES AND
EXPORTS
SALE EXPORT

2021 2022 2021 2022

Rs. 116,548,013 Rs. 119,853,898 Rs. 16,200,000 Rs. 21,700,000
 WHY INCORPORATE
US? FOR THE REGISTRAR
• Currently mostly Pakistani cars are using carburettor engines which are extremely harmful to the
environment. We will take the initiative to control environmental pollution by introdutinf the EFI based Euro II
engine technology.
• We will allocate 20% of our budget to CSR activities. In the nest few years, we plan to set-up waste water
treatment plant in Karachi.
• In the Pakistani market, there is a monopoly of Honda and Toyota. As a result, these cars have been unfairly
overpriced. Our locally manufactured cars will provide value for money to the Pakistani citizens.
For example, we plan on introducing Suzuki Swift 1300cc which will compete directly against
Toyota corolla at a very reduced and affordable price.
• All range of Suzuki products will be based on the environmentally friendly Euro II technology.
 FINAL
Incorporation
of company –
PAK SUZUKI
MOTOR
COMPANY Group F:
LIMITED Umer Wajahat - 19018
Haris Tahir - 19401
Muhammad Taha Sheikh -
19389
Nabiha Shakeel - 19440
 AUTOMOBILE INDUSTRY
● Pakistan’s Automobile industry contributes (2.8%) to its
GDP and 30 billion rupees to the national exchequer in
terms of taxes and duties.
● Pakistan’s automobile industry is fastest growing in
Asia. The production and sales have both grown by
171% and 172.5% respectively between (2014 and
2018), all of which has been fueled by the Automotive
Development Policy introduced in 2016.

REGULATORY BODY
● Competition Commission of Pakistan (CCP)
● Ministry of Science and Technology (MoST)
● The industry was highly regulated until the early 1990s.
Following deregulation, the decade witnessed a huge boom in
auto production, as nationalization was abandoned in favor of
privatization.
 STEPS OF INCORPORATION

01 02 03 04
Articles of
Application for Memorandum of
Name Reservation Association
incorporation of Association
company

05
Appointment of 06
Witness in case of 07 08
Issuance of
First Directors and physical Examination of Certificate of
Chief Executive submission of a documents by the Incorporation.
Officer document registrar
Step 1: NAME RESERVATION
• NAME: According to the 2nd chapter of the companies
incorporation regulations, a person forming the company must
submit a file for the reservation of name for the company. The
three names shortlisted by the promoters, in this case, are:
1. Punjab Suzuki
2. PakiSuzu
3. PakSuzuki

Significance of our name – joint venture between PACO (a semi-

government Pakistani company) and SMC (biggest car manufacturing
company of Japan)
• According to the Section 10, sub section 1 of the Companies Act
2017, we are prohibited to use certain types of names (further
explained in the clauses)
• We have drafted our three names especially by keeping in mind
part (b) © and (d) of section 10
‘PakSuzuki’ – the name
Point 14 of the 4th regulation from chapter 2 of the Companies
incorporation regulations, says that Name of Company
containing names of two countries i.e., Pakistan/Pak and any
other foreign country - In case of companies where
documentary evidence is provided to the satisfaction of the
registrar to support the fact that the company is a Joint Venture
of two Governments or companies of two countries. Since Pak
Suzuki Motor Company Limited (PSMCL) was established, as a
joint venture between Pakistan Automobile Corporation (PACO)
and Suzuki Motor Corporation (SMC) – Japan incorporated as a
public limited company in August 1983, it has Pak in its name
representing the country Pakistan in this joint venture.
Step I: Application for reservation of
name
Step II: Application
for incorporation of
● An applicant shall make an application in physical form to the
company
registrar for incorporation of company. The documents that are
supposed to be attached in this application include:
●
-Memorandum of association
-Article of association
-CNICs of subscribers/directors/CEO
-CNICs of witnesses
-Authorization for filing of documents
-Original paid bank challan evidencing the payment of fee.
Step II: Application for incorporation of company
Step II: Application for incorporation of company
 Step III: MEMORANDUM OF
ASSOCIATION
• The memorandum of association shall be in
conformity with all the rules and regulations
notified by the Commission/Federal Government.
• It is a type of a legal paper that is formed at the
time of formation of the company. The MOA is
created to explain the relationship between the
company and its shareholders. All the objectives
of the company can be found in a company’s
MoA.
• 4 copies of the MOA must be prepared for the
registration of the company.
 Step III: MEMORANDUM OF
ASSOCIATION
• According to the Section 16, sub section 1 of the
Companies Act 2017, a company must have its
memorandum of association. Subsection 2 and 3 in
detail discuss what happens if it is not followed. It
also focuses on the registration of memorandum and
issuance of incorporation certificate in Sub section 4,
5 and 6, respectively.
• According to the Section 31 of the Companies Act
2017:
• The memorandum must be signed by all subscribers,
printed, distributed into paragraphs and dated.
Step III: MEMORANDUM OF
ASSOCIATION
COMPANY LIMITED BY SHARES
• According to the Section 27, (A) of
the Companies Act 2017, the
memorandum of company shall have:
• (i) a public company must have the
word ‘limited’ at the end.
• (ii) the province or part of province.
• (iii) principal line
• (iv) any undertaking
• (v) the liability of members is limited.
• (vi) amount of share capital.
Step IV: ARTICLE OF
ASSOCIATION
• The subscribers of the company limited by shares will adopt the
articles of association as per the given rules.
• Articles of association structure a record that indicates the
guidelines for an organization’s tasks and characterizes the
company purpose. The AOA spreads out how errands are to be
accomplished inside the company, including the process for
selecting chiefs and the treatment of financials records.
• The Section 36 of the Companies Act 2017 focuses on the
registration of AoA and the repercussions for not following the
given ways.
• Section 37 highlights on the fact the article must be dated,
signed, printed and divided into paragraphs.
Step V: Appointing
first directors and
CEO
• According to the section 157 of the
companies act 2017, the subscribers to the
memorandum must determine the number
of directors along with their names with
regards to the afore mentioned section.
• According to the section 186 of the
companies act 2017, the subscriber to the
memorandum must also determine the
name of the first CEO (Chief executive
officer) of the company with regards to the
afore mentioned section.
• Lastly, both the directors' names (along with
their particulars mentioned in Section 197)
and the name of the first CEO must be
included in the application for the
incorporation of the company.
Step VI: Providing other
information
In addition to the particulars of subscribers
(in accordance with the in section 31 and
37 of the Act), following further information
shall be provided namely:
• A subscriber, in case of a Pakistani
national, shall also specify his national
identity card number.
• If it’s not a natural person, the address
of its registered/principal office shall be
mentioned and the authorized
representative signing the documents
shall provide his particulars.
 Step VIII:
Step VII: Examination of
Witnesses documents

Witness: If the documents are All of the submitted documents

submitted physically for for the registration of the
incorporation, a witness having company are then examined by
a valid CNIC needs to be there: the registrar if he finds all of
where a document is required to them complete in terms of
be attested by a notary number of documents in
public/oath commissioner, the accordance to the respected act
same shall be witnessed in for the registration of a company
accordance with the relevant and if all the requirements have
law been fulfilled in light of the
regulations and act, he’ll then
register the MoA and the other
documents.
 Step IX:
Issuance of COI
After the MoA is registered of a
company, the registrar shall issue a
COI (certificate of incorporation),
having his signature or having
authentication by his official seal and
that will serve as a conclusive
evidence of the fact that the
requirements of the registration have
been complied with. This will mean
that the company is duly
incorporated under the Act.
In this case, the certificate of
incorporation is issued physically.
Step X: Filing
the Certificate
for receipt of
share money
Within 40 days of the
incorporation, the company is
supposed to report a receipt of
subscription money from the
subscribers along with the
certificate and that will be verified
by a practicing CA (chartered
accountant) or CMA (cost and
management accountant).
REGISTERE
D OFFICE
• According to the Section 21, sub section 1
of the Companies Act 2017, a company
must have its registered office where all
the notices and communications are to be
addressed.
• According to the Section 22, sub section 1,
clause (a) of the Companies Act 2017, the
name of the company and its
incorporation number must be displayed
in a conspicuous position, in letters easily
legible in English or Urdu characters
outside the registered office.
 DOCUMENTS
The forms that are supposed to be submitted by a company include:

● A declaration of one of the directors of the company about to be

registered.

● Address of the company is to be notified to the registrar

● It contains the information of the directors of the company

● List of persons consenting to act as director

● Consent of Directors

● Power of attorney

● Copies of CNICs of all the directors

● Certificate of incorporation
THANKYO
U