Assignment NO. 01 MGT401 Financial Accounting II Fall 2014

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Assignment NO. 01 MGT401 Financial Accounting II Fall 2014 Due Date December 03, 2014.

Case Assignment question is regarding formation and registration of company under companies’ ordinance 1984. Different scenarios are given and you are required to give proper treatment of these situations with respect to companies’ registration process devised by security and exchange commission of Pakistan (SECP). Mr. M. Gulzar is sole owner of a foundry business. With his determination and hardworking attitude, he managed to make his business profitable and expand it at large scale. As foundry is second largest industry of Pakistan and there is great opportunity to avail. Mr. M. Gulzar who is sole owner is working on different options (going public, single member company, Pvt Company etc.) all have their pros and cons.

REQUIREMENTS: (3+3+3+3+08) • If Mr.M.Gulzar decided to avail any one option listed above how much time it will take to complete registration with SECP assuming all other procedures are completed? (03 Marks) •

Is there any certificate needed prior to incorporate the Pvt Ltd Company, if yes, from which Government department/Mistry Mr.M.Gulzar will take permission? (03 Marks)

• Mr.Gulzar thinking about name if he decides to go publicly that is “Askari Foundry”. Is this name is allowed by SECP, if not why and if yes why? (03 Marks)

• Precisely give the online procedure of registration of Company for Mr. M. Gulzar with SECP. (03 Marks)

• How private company is different form Public company in term of ‘requirements after incorporation’? Provide table of analysis for differentiation. (08 Marks)

IMPORTANT: 24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

OTHER IMPORTANT INSTRUCTIONS: DEADLINE: • Make sure to upload the solution file before the due date on VULMS. • Any submission made via email after the due date will not be accepted.

FORMATTING GUIDELINES: • Use the font style “Times New Roman” or “Arial” and font size “12”. • It is advised to compose your document in MS-Word format. • You may also compose your assignment in Open Office format. • Use black and blue font colors only.

REFERENCING GUIDELINES: • Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various website containing information for better understanding or visit http://linguistics.byu.edu/faculty/henri...APA01.html

RULES FOR MARKING Please note that your assignment will not be graded or graded as Zero (0), if: • It is submitted after the due date. • The file you uploaded does not open or is corrupt. • It is in any format other than MS-Word or Open Office; e.g. PowerPoint, PDF etc. • It is cheated or copied from other students, internet, books, journals etc. • Please also note that assignment in this course is non-graded and don’t have weightage in total marks of the subject. Note related to load shedding: Please be proactive

Dear students! As you know that Post Mid-Term semester activities have been started and load shedding problem is also prevailing in our country now a days. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.

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For first three questions read chapter no.1 & 2. Answers are there.

Secondly, last question ka answer google say search karein aur chand difference points likh day. jaisay min./max members, share transferbility, annual general meeting etc.