M&I CORPORATE SERVICES

OUR PROFILE The M&I Corporate Services was established in the year 1999 and is one of the fastest growing firms in Pakistan and since its inception M&I Corporate Services is confident in its ability to help organizations in solving their problems and providing adequate and feasible solutions. The clients, M&I Corporate Services has so far served, include some of the largest and prestigious names in domestic as well as global business. M&I Corporate Services is a team of capable and dedicated service-oriented professionals with in-depth and up to date knowledge of corporate sector under the Companies Ordinance, 1984 & other prudential regulations. The sole purpose of M&I Corporate Services is to provide best possible solutions of day to day legal problems pertaining to above mentioned areas. We also offer services to your esteemed concern for the growth of your business. M&I Corporate Services since its establishment has passed through different phases. Its clientele has enhanced manifold higher within short span. This achievement is the result of persistent efforts and result-oriented approach that we employ in a professional manner. We utilize all our skills and techniques with full devotion and strength to resolve the problems of our valued clients. M&I Corporate Services, therefore, seeks from every respectful client an opportunity to serve her esteemed concern via one window operation through our head office in Karachi, yet services are available for other major cities at affordable cost without any compromise on quality as we believe in going an extra mile to provide value-added and result oriented services to our clients. M&I Corporate Services has the edge to hold remarkable responsibilities in Government Sector for more than 35 years. The detail is given as under: • Ex-Employee of Securities and Exchange Commission of Pakistan • Sales Tax Auditors appointed by the Sales Tax House SISTER CONCERNS The M&I Corporate Services with the lapse of time has followed the policy of specialization to provide distinguished results that satisfy client objectives and goals through the access to quality human and technical resources and experience in the provision of professional services. Keeping in view the M&I Corporate Services has formed two separate entities that are specific in Income Tax, Sales Tax, Customs, Central Excise & other one was formed for dealing with statutory laws & regulations involving infringement of civil & criminal rights namely • The Tax Comfort [TTC] • Mushtaque Law Associates [MLA] A brief description of each of the above is delineated as under: The Tax Comfort [TTC] The Tax Comfort [TTC] is exclusively engaged in providing services to the clients in matters pertaining to Income Tax, Sales Tax, Customs & Central Excise. Mushtaque Law Associates [MLA] The Mushtaque Law Associates [MLA] is solely engaged in providing services to the resolution of matters involving infringement of Civil, Criminal, Family, Corporate and Intellectual Property & Constitutional rights. SERVICES OFFERED Our expertise can be categorized in the following broad scope of services: DETAILS OF CORPORATE ADVISORY SERVICES Compliance with various regulatory provisions of corporate laws and prudential regulations is an area which is time consuming and cumbersome. In order to satisfy needs of our clients, the firm provides full range of corporate services to suit any business enterprise, be it in the form of advice or compliance or other assistance. COMPLIANCE SERVICES • Preparation of secretarial documents required for compliance under various articles of the Code of Corporate Governance • Preparation of corporate documents required for compliance under various provisions of the Companies Ordinance, 1984 • Filing of various forms as required under the Companies Ordinance, 1984 • Reply to show cause notices, observation letters & objections served to companies by SECP, MCA, CCP ADVISORY SERVICES • Advisory services on interpretational issues in the corporate sector • Advisory services on governance issues of various corporate entities in strict guidelines of concerned regulatory authorities e.g. banks, leasing companies, asset management companies, currency exchange houses, brokerage houses, financing institutions, sharia based corporate entities • Advisory services on comparative financial viability of various forms of commercial entities in the light of taxation & governance issues. SERVICES SPECIFICALLY FOR SINGLE MEMBER PRIVATE LIMITED COMPANIES • Registration of a single member private company limited by shares. • Documentation and registration of change of status of a single member company to a private limited company • Preparation of documents of change in name and its registration SERVICES SPECIFICALLY FOR PRIVATE LIMITED COMPANIES • Registration of a private company limited by shares • Documentation and registration of change of status of company from private to public • Preparation of documents of change in name and its registration • Preparation of documents regarding amalgamation of two private limited companies • Preparation of documents for holding of various meetings of private limited companies as required under the Companies Ordinance, 1984 • Preparation of documents for change in authorized capital/paid-up capital of private companies • Preparation of documents for change of management • Preparation of documents in connection with allotment of shares • Preparation of documents for amendments, addition, deletions in memorandum & articles of association • Preparation of documents for allotment of shares SERVICES SPECIFICALLY FOR PUBLIC LIMITED COMPANIES • Registration of a public company limited by shares • Documentation in connection with commencement of business • Documentation and registration of change of status of company from public to private • Preparation of documents for change of name of listed companies • Preparation of secretarial documents for timely compliance requirements of public limited companies under the provisions of Companies Ordinance, 1984 • Preparation of documents for all sort of replies on queries, show cause notices & removal of discrepancies/deficiencies attracted under various provisions laid out for public limited companies under the Companies Ordinance, 1984 • Preparation of documents for listing/delisting of companies on/from stock exchanges • Preparation of complete documents for the amalgamation/merger of two or more public listed companies • Preparation of documents for reconstruction of companies & buy-back of shares of listed companies • Preparation of documents for change of accounting year of listed companies • Preparation of documents for change in authorized capital/paid-up capital of public unlisted & listed companies • Preparation of documents for extension in period of accounts for more than 12 months from SECP of listed companies • Preparation of documents, maintenance of registers, minutes book, statutory returns, statutory report u/s. 157 of the Companies Ordinance, 1984 • Preparation of documents for petition of winding-up through courts/voluntary winding up of public unlisted & listed companies • Preparation of documents for extension of holding of AGM of public listed/non-listed companies • Preparation of documents for appeal before high courts & supreme courts regarding all matters related to corporate governance SERVICES COMMON FOR ALL TYPES OF COMPANIES LIMITED BY SHARES • Inspection of files from all the nationwide CRO's of SECP • Acquisition of N.O.C of name for registration of a new company from SECP • Obtaining of certified true copy of all documents from SECP • Registration of mortgages/charges in favour of banks, financial institutions, modarabas & leasing companies • Completion & filing of all forms which are filed in the company registration office under rules • Preparation of documents in connection with the liquidation of companies. By Voluntarily By Court By Creditors • Preparation of statutory report u/s. 157 of the Companies Ordinance, 1984 • Preparation & filing of annual statutory returns in SECP • Legal representations in all matters involving adjudication before SECP SERVICES SPECIFIC FOR BANKS & LENDING FINANCIAL INSTITUTIONS • Registration of power of attorney in favour of banks, financial institutions, modarabas & leasing companies • Permission & registration of mortgage • Preparation & equitation of mutation certificate • Preparation of extract of charge • Preparation of credit analysis report of companies detailing the registration, enhancement & satisfaction of loans • Detail of properties attached of companies attached with loan, mortgages & charges registered in favour of the company SERVICES FOR TREATMENT OF SPECIFIC MATTERS OF LIMITED COMPANIES • Registration of N.T.N in FBR • Registration for membership in the office of KCCI • Preparation of documents for obtaining the licence of import & export • Registration of company/association u/s. 42 & 43 of the Companies Ordinance, 1984 OTHER SERVICES FOR COMMERCIAL ENTITIES • Preparation of documents and registration of partnership deed under Partnership Act, 1932 • Information in connection with the registration of builders & developers • Registration of patent, trade marks & copyrights together with the matters involving resolution of their infringement • Obtaining of search certificate from the office of sub-registrar of property. • Registration of society, foundation & co-operative societies under the Society Act, 1860 • Obtaining of approval of site plan • Registration of property in the office of sub-registrar DETAILS OF TAX SERVICES – INCOME TAX, SALES TAX & FEDERAL EXCISE DUTY Over the past few years, the tax net has spread all over the economy, covering almost all sectors of business. Lack of knowledge on the part of tax administrators/tax payers coupled with frequent changes in law require the provision of timely and effective business advice to help organizations plan and implement the required compliance measures. Our range of services in Income Tax, Sales Tax & Federal Excise through The Tax Comfort [TTC] encompasses the following: DIRECT TAXATION SERVICES • Computation of tax liability on taxable income derived from different sources & preparation of statutory tax return for timely compliance of individuals, association of persons, private & public limited companies under the provisions of Income Tax Ordinance, 2001 and prevailing finance ordinance. • Preparation of monthly statements for deduction of withholding tax under the provisions of the Income Tax Ordinance, 2001. • Preparation of annual statements for deduction of advance tax deducted under the provisions of the Income Tax Ordinance, 2001. • Preparation of grounds for appeals and rectification of assessments before ITAT and other appellant authorities. • Representations before taxation authorities on behalf of clients, attending appeals & providing advisory services on complicated tax matters. INDIRECT TAXATION SERVICES • Advising the clients over the legal implications under the Sales Tax Act, 1990, Provincial Sales Tax Ordinances, 2000 & Federal Excise Act, 2005 • Handling cases involving interpretation of law, procedures and documentation together with response to show cause notices and representing the clients before the tax adjudicating authorities • Supervision and finalization of assignments involving sales tax and federal excise system evaluation of various corporate entities which includes preparation of audit reports and recommending suggestions for the loopholes in the control system • Formulating tax beneficial business strategies and VAT (Value Added Tax) planning • Preparation and finalization of appeal before the Customs, Excise & Sales Tax Appellate Tribunal (CESTAT) and appearing before the CESTAT, FTO & ADRC • Conducting audit and preparation of monthly tax returns cum payment challan and refund processing together with replying departmental audit observations on behalf of the clients • Facilitating registration, de-registration and refunds matters under the Sales Tax Act, 1990 and Provincial Sales Tax Ordinances, 2000 & Federal Excise Act, 2005 LEGAL CONSULTANCY Our services in other branches of law are rendered through Mushtaque Law Associates [MLA] which includes the following: • Providing legal consultancy services to various clients, both individuals and corporate clients that include: Correspondence & negotiation on client matters from: DTO (Department of Trade Organization). KSE (Karachi Stock Exchange). SECP (Securities & Exchange Commission of Pakistan). CCP (Competition Commission of Pakistan) • Preparation of legal notices to be served on various matters on the infringement of Civil, Criminal, Family, Corporate and Intellectual Property & Constitutional rights etc. of various clients and their concurrent reply thereupon furnished by the respondent’s counsel. • Preparation & filing of civil, criminal, corporate, family suits etc in the Honorable courts of law within the jurisdiction of the High Court of Sindh. • Obtaining the extracts of the certified true copies of orders passed and decrees announced by the Honorable Courts of law on various matters to the clients. • Codification of all sorts of agreements & legal transcripts e.g. AGREEMENT OF SALE MEMORANDUM OF UNDERSTANDING JOINT VENTURE AGREEMENT LICENSE AGREEMENT TAKEN OVER AGREEMENT NOVATION AGREEMENT SPONSORS AGREEMENT SUBSCRIPTION AGREEMENT CUSTODIAN AGREEMENT UNDERTAKING AGREEMENT UNDERWRITING AGREEMENT INVESTMENT & ADVISORY AGREEMENT VENDORS AGREEMENT DISCLOSURE CONFIDENTIALITY AGREEMENT SHARE PURCHASE AGREEMENT POSSESSION & HANDING OVER AGREEMENT MORTGAGE DEED SYNDICATED LOAN DOCUMENTATION ARBITRATION & MEDIATION AGREEMENT ONLINE/INTERNET BANKING AGREEMENT CHARTERS OF PRIVATE SECTOR UNIVERSITIES BYE-LAWS OF TRUST, SOCIETIES, FOUNDATIONS, ETC. • VETTING/REVIEWING the client’s prospective agreement, internal documents, contractual material for assessing their legality and minimizing the same from any penal liabilities contingent thereon. • Interpretation of various provisions on case to case basis of various rules, regulations, acts & ordinances without limitation to: The Banking Companies Ordinance 1962; The Companies Ordinance 1984; The Income Tax Ordinance 2001; The Sales Tax Act, 1990; The Provincial Sales Tax Ordinances, 2000; The Federal Excise Act, 2005 The Companies Rules 1985; The Companies (Issue of Capital) Rules, 1996 & Stock Exchange Rules; The Companies (Appointment of Legal Advisors) Rules, 1975; The Companies (Buy-back of Shares) Rules, 1999; The Companies’ Share Capital (Variation in Rights and Privileges) Rules, 2000; NBFC Rules issued by SECP on April 01, 2003 (Chapters 1-3 & Schedules I & IV) The Central Depositories Act, 1997 and Central Depository Companies (Establishment and Regulation) Rules 1996 The Modaraba Companies and Modarabas (Floatation and Control) Ordinance, 1980; The Modaraba Companies and Modaraba Rules, 1981; The Insurance Ordinance, 2000; The Securities & Exchange Ordinance, 1969; The Monopolies and Restrictive Trade Practices (Control & Prevention) Ordinance, 1970; The Monopoly Control Authority Rules, 1970; The Listed Companies (Substantial Acquisition of Voting Shares & Take Over) Ordinance, 2002 The Banks’ (Nationalization) Act, 1974; The Financial Institutions (Recovery of Finance) Ordinance, 2001; and SECP Code of Corporate Governance, SBP Prudential Regulations & Listing regulations of Stock Exchanges. LIST OF CLIENTS We would like to give some names of our clients as under: • Allied Bank of Pakistan Limited • United Asset Management Limited • Daikin Air Conditioners. • Daikool Electronic Industries • Hitachi Electronics • International Leather Industries (Pvt.) Ltd. • AAA Electronics Industries (Pvt.) Ltd. • Pakistan Airconditioning & Refrigeration Corporation (Pvt.) Ltd. • National Containers (Pvt.) Ltd. • OCS Pakistan (Pvt.) Ltd & all OCS Group with 8 companies. • Rajby Industries • Global Packers & Movers (Pvt.) Ltd • Century Pharmaceuticals (Pvt.) Ltd • EPLA Pakistan (Pvt.) Limited • Life Care Research Laboratories (Pvt.) Ltd • EMBA Corporation (Pvt.) Ltd • Zaqsoft (Pvt.) Ltd • AON Insurance Brokers (Pvt.) Ltd • National Rubber & Plastic Industries (Pvt.) Ltd. • Pakistan Fisheries Ltd. • Hussain Textile Mills Limited • Standard Insurance Limited • Standard Investment (Pvt.) Limited • Elite Publishers (Pvt.) Limited • Pak Agro Oil Mills (Pvt.) Ltd • Novatec Plastic Industries (Pvt.) Ltd. • ELKO Organisation (Pvt.) Ltd • Hydari International (Pvt.) Limited • Conagent (Pvt.) Ltd. • EROS Pharmaceuticals (Pvt.) Ltd • Superior Steel Karachi (Pvt.) Ltd • Cyber Tracking Solutions (Pvt.) Ltd. • Mughal Pakistan (Pvt.) Ltd. • Mughal Constructors (Pvt.) Ltd. • Arysta Agro Pakistan (Pvt.) Ltd. • Al-Ahmad (Pvt.) Ltd • Convenience Food Industries (Pvt.) Ltd. (Laziza Foods) • M.H. Oil Mills (Pvt.) Ltd. • ABC Gold (Pvt.) Ltd. • Millwala Sons (Pvt.) Ltd • Orion Electronics (Pvt.) Ltd. • Scientific Supplies (Pvt.) Ltd. • Shehzada Security (Pvt.) Ltd. • Al-Rehman Security Services (Pvt.) Ltd. • Al-Shurta Security Services (Pvt.) Ltd. • Siddiq Ahmed Meher Elahi Hajj Group (Pvt.) Ltd • Ijara Financing Inc. (Pvt.) Ltd. • Gangjee's Registrar Services (Pvt.) Ltd. • Golden Industries (Pvt.) Ltd. • Diamond Rubber Industries (Pvt.) Ltd (Diamond Foam Group) • Rahber Water Cooler • Modaraba Association Of Pakistan • Deep Sea Fishing Trawlers Association • Association of Builders & Developers (ABAD) • Panel legal consultants of at least 30 companies of various types & nature. • Incorporated more than 100 companies with varying aims & objects. RESOURCES The firm's resource base has staff strength of dedicated professionals having good academic and diverse experience in their relevant professions. Our key resource personnel include members of the Association of Chartered Certified Accountants, Institute of Internal Auditors, Pakistan Institute of Public Finance Accountants, Institute of Corporate Secretaries of Pakistan, Sindh Bar Council, Income Tax Bar Association and Karachi Sales Tax Bar Association.