Shifting of the Registered Office:

XYZ‘’ Group is planning to shift the registered‘’ offices of three (3) of its companies – (i) A Limited‘’ from Lahore to Islamabad, (ii) B Limited from Hyderabad to Karachi and C Limited from Peshawar to Multan. They are interested to know whether it would be necessary to seek confirmation of the Commission at any stage of the process of this shifting. What is the provision of law in this regard? Whether confirmation of the Commission would be required or not in the given situations? Discuss.

Ans: Shifting of the Registered Office:

The alterations in the memorandum of the association shall not take effect until and except in so far as it is confirmed by the commission on petition. But the confirmation is not required when alteration is for changing the place of registered office of the company from a place in province of Punjab to Islamabad capital territory or vice versa or from one city in a province to another in the same province.

Accordingly the changes at (i) & (ii) will not require confirmation of Commission but it is necessary for (iii).