03 SP 2021 LLC MODEL PROJECT -Saved to my Mac ces Mailings Review View The Memorandum of Association of Atlas Interior designing company (AIDC) (A Limited Liability Company) 1) Name of company: The Trade Name of the Company is Atlas Interior designing company, which is Limited Liability Company, located in Abu Dhabi, UAE. 2) Objects or Nature of business of the Company: AIDC is a UAE based company since 2001, AIDC specializes, Interior Design services are available in designing all Fit outs, Electromechanical services MEP, Security System and all finishing works. AIDC has extensive experienced technical experts who take up maintenance services during and after construction using the latest building technology AIDC is committed to provide quality services at competitive price and have ability to manage work related systems. AIDC Interior designers are qualified professionals who plan and create interior working or living environments that are comfortable, safe and aesthetically pleasing - They design interior splices for homes, offices, restaurants, schools and colleges, retail outlets and public buildings, such as hospitals and libraries. They work in interior design firms and the design departments of retailers, manufacturers, facilities management companies and construction companies Focus 03 SP 2021 LLC MODEL PROJECT --- Saved to my Mac View Layout References Mailings Review 3) List of Company's Partners: The list of partners in ACSC and their personal information: 1) Name of Partner :(your name) -abu babi, MBZ - Nationality: UAE -Dute of birth 109/1991 ..O box. 77853 2) partner's Name abu dhabi albuen. - Nationality, UAE Date of birth 12/3/1990 - P.O.Box: 79542 4) parter's Name 3) 3 parter's Name bu dhabi Khalifa city - Nationality UAE - Date of Birth 7/6/1993 -PO box: 13977 5) Spartner's Name -abu dhabi Alat Nationality: UAE Date of Birth 10/8/1992 -PO box: 66211 -abu dhabi Khalifa city - Nationality USA Date of Birth 9/5/1993 - P.O.box: 32221 6) 6 partner's Name -abu dhabi, al shamkha Nationality: UAE - Date of Birth 98/1994 -PO box: 99753 4) Addresses of the Main office and branches: For all purposes the jurisdiction is limited to the Dubai and Abu Dhabi Emirates 1- The Abu Dhabi main Office Address second floor, Mariah Building 40 St. Primall Alsin, United Arab Emirates Telephone: +97145038922. Fax: 97134455396 LOBO 11439 Weite: www.AIDCR - Email Address AIDC service Focus * 000 OOO . 03 SP 2021 LC MODEL PROJECT-Saved to my Mac Sign Layout References Maongs View Review 2Th Ali Branch Aires - Shop No. 022, ALMall.bama bin midst - ALA United Arab Emirates P.O.box, 94599 - Telephone: +97125378219, - Fax +97134389701 - Website www.Al E-mail AS 5) Total Registered Capital & Shares of Partners: The Total Registered Capital of the All company is 100,000 AED The partner declare that shares are paid in cash and paid in full by the partners. The capital is divided into shares among the partners according to the following Datin Pertages 2016 2096 2014 Name of partner Value of share Nine of Part 01 ou 200,000 Name of Partner 02 200,000 Name of Marine 200.000 Name of Partner 04 150,000 Name Partners 150,000 Name of Path 100.000 Total 1000,000 35% 10 100% Shares are Indivisible If any withdrawing partner wants to sell his share other partners will have a priority right to purchase the shares. If they are not interested to buy, then he sell it to outsiders Exception to this Rule This Rule will not apply when the Transfer of shore of a partner is done by way of Inheritance of Court judgement Focus 80 868 203 SP 2021 LLC MODEL PROJECT-Saved to my Mac References Mailings Review View The shares in cash are fully paid-up by the partners at the time of incorporation/registration. The capital in cash has already been deposited in the company's bank ADCB, Al Ain Branch, in AIDC account and the Bank has issued a deposit certificate. The Managers of AIDC can withdraw only upon providing evidence of registration of company 6) The Date of Incorporation of the Company and Termination: AIDC Company has been registered with a duration of O5 years The data of incorporation date on Sunday 10 March 2021 The termination date on Wednesday 09/March/2025 The AIDC would be dissolved after completion of this period or the term may be renewed for future period upon the unanimous approval by all partners. 7) Company's Management & Signatory authority The Management and signatory authority on behalf of the Company is given to first partner Name of Partner 01 She would be submitting the annual Report and the Balance sheet and profit and loss account, at the Meeting every year. Manager shall be convening the Annual Meeting & other meeting accordingly. In case of the manager absent for personal reasons or any reason, the signatory authority on behalf of the Company is given to the second partner Name of Partner 02.10 perform all necessary actions. Manager will have Powers as granted by this MOA. While exercising their powers the Manager's should not: (1) Infringe (Violate/go against the provisions/rules of its MOA; (2) Act outside the scope of managing a business (objects or goals) of the kind the company carries on (Ultra vires). (3) Manager should NOT (without the consent of General Assembly: Take up the management of a competing company, or Take up a company with similar objects, or Limited States Focus 03 SP 2021 LLC MODEL PROJECT Saved to my Mac References Mailings Review View Make trade deals in competition or Make deals similar to the activity & make secret profits for his own or for the account of the third parties. Such Manager will be dismissed and liable to pay compensation Manager is Liable for any Fraudulent acts, or any losses or expenses incurred due to improper use of power, or Contravention of go against) provisions of any applicable Law, or MOA, or contract appointing the Manager, or Any gross error by the Manager or For deliberate or negligent acts of Mismanagement. Managers are liable to pay damages To the Company, To the Partners & To the Third parties. The Manager shall be dismissed by the General Assembly. whether the Manager is a Partner or Not: or by The Court (at the request of one or more partners) Resignation of Manager: The Manager may file a written resignation to the General Asembly with a copy to the registrar (competent authority). The General Assembly should decide within 30 days 8) Financial Year of AIDC: The beginning of financial year in UAE is 1 January, and the end of it is 31 December, but with the exception for the First Financial Year which shall be ending in:31. December, 2021. 9) Distribution of Company's Profits and Losses: After completion of one financial year the Balance sheet of AIDC is prepared and approved by the General Assembly. After that the Profit and Losses shall be distributed between the partners. d States Focus 03 SP 2021 LLC MODEL PROJECT - Saved to my Mac Layout References Mailings Teview View The Profits and Loss in All shall be distributed among the partners Hecording to the following the Name of partner Peratage of Share in prots Name of Purtrier lamel 2018 Name of Partner 20 Name of Partner 09 20% Name of Partner 04 15 Name Partners 15 Name of Partner 06 1076 Total: 100 Perenntages of share less 2013 20% 20 159 15% 10% 1006 10) Liability of Pace AIDC is aimited Liability Company, hence, the ability of partners shall be limited only to the cent of their respective share in the capital. Every partner shall be liable only to the amount actually invested in the business 11) Meetings ATDC must have an Atheneral Assembly Meeting AGM, which will be held once a year. Decisions will be taken on majority basis of the que attending the Meeting Extraordinary meetings will be called for in times of urgency Formation of Geral Assembly The Allmast have a General Asembly consisting of ALL partners The Mat's have to convenc General Assembly ONLY during our following the end of the Financial Year). OR Inished 80 BRE 5 7 8 9 03 SP 2021 LLC MODEL PROJECT -Saved to my Mac nces Mailings Review View The Manager will invite the GA giving all information about the time & place of meeting Each partner has a right to attend the GA in person, may delegate to another partner (who is not a manager) or any party, Every partner shall have a number of votes equal to the number of shares held or represented by such partner. The following matters will be reviewed and approved by the General Assembly: To consider & make decisions in following issues: The Managers Report on the activity (business) & the company's financial position of last financial year. o The Balance sheet & account of profits and losses and its approval. o The dividends from the net profits be distributed among the partners To appoint Managers & to decide their remuneration. To appoint & determine the remuneration of Auditor/s. 12) Dissolution: The AlDC will be dissolved for any of the following reasons: 1. Acquisition or Merger of the Company with another Company, 2. The Partners holding majority of the capital of the Company decide to terminate the duration of the Company 3. Upon the rendering of a decision from the court to dissolve the Company 4. Upon Death. Bankruptcy, Insanity of one or more partners. 5. Upon Completion of the term of the company, if it is not renewed further. 6. Upon depletion of All or Most of the assets of the company, Status Focus 03 SP 2021 LLC MODEL PROJECT-Saved to my Mac forences Maslings Review View Index Pages 1 2 3 Cover Pope Name of company Nature of business Name of Partner Main office & Branches of the company Capital & shares Date of incorporation & termination of the company Management & signatory authority Flancial Year Profin a los Lability Meeting 9-10-11 Dinti 12 L 1. Name of the Company 2.Names of Partners 3.Duration of the company (renewal) 4. Nature of Business (in detail) 5. Capital, share of each partner (table) 6.Management 7.Meetings 8. Liability & distribution of profit & loss 9.Dissolution (all 05 points -in detail) Note: Prepare only 5-6 slides, points No 04, 05, 06, 07 & 09 should be in detail, the rest should be brief. Points- 1, 2, 3= in one slide. Point-4 in one slide Points-5, 6 & 7 in two slides. Points - 8 & 9 in one slide. 000 OOO Prepare a Model Draft on any ONE of the following, assuming a Name of the Company, Nature of business, Names of partners & their Shares in capital, Total Capital, Profit & loss sharing ratio, Management and dissolution. You have to give a false name to your company-Your name should be the First as one of the partners--and write all the details-- as if you are filing this Draft for your company registration. The topics of the project are:- Choose any one 1. Prepare a Memorandum of Association (Statute/Partnership Agreement) for a Joint Stock Company, (JLC). 2. Prepare a Memorandum of Association (Statute/Partnership Agreement) for a Limited Liability Company (LLC). 03 SP 2021 LLC MODEL PROJECT -Saved to my Mac ces Mailings Review View The Memorandum of Association of Atlas Interior designing company (AIDC) (A Limited Liability Company) 1) Name of company: The Trade Name of the Company is Atlas Interior designing company, which is Limited Liability Company, located in Abu Dhabi, UAE. 2) Objects or Nature of business of the Company: AIDC is a UAE based company since 2001, AIDC specializes, Interior Design services are available in designing all Fit outs, Electromechanical services MEP, Security System and all finishing works. AIDC has extensive experienced technical experts who take up maintenance services during and after construction using the latest building technology AIDC is committed to provide quality services at competitive price and have ability to manage work related systems. AIDC Interior designers are qualified professionals who plan and create interior working or living environments that are comfortable, safe and aesthetically pleasing - They design interior splices for homes, offices, restaurants, schools and colleges, retail outlets and public buildings, such as hospitals and libraries. They work in interior design firms and the design departments of retailers, manufacturers, facilities management companies and construction companies Focus 03 SP 2021 LLC MODEL PROJECT --- Saved to my Mac View Layout References Mailings Review 3) List of Company's Partners: The list of partners in ACSC and their personal information: 1) Name of Partner :(your name) -abu babi, MBZ - Nationality: UAE -Dute of birth 109/1991 ..O box. 77853 2) partner's Name abu dhabi albuen. - Nationality, UAE Date of birth 12/3/1990 - P.O.Box: 79542 4) parter's Name 3) 3 parter's Name bu dhabi Khalifa city - Nationality UAE - Date of Birth 7/6/1993 -PO box: 13977 5) Spartner's Name -abu dhabi Alat Nationality: UAE Date of Birth 10/8/1992 -PO box: 66211 -abu dhabi Khalifa city - Nationality USA Date of Birth 9/5/1993 - P.O.box: 32221 6) 6 partner's Name -abu dhabi, al shamkha Nationality: UAE - Date of Birth 98/1994 -PO box: 99753 4) Addresses of the Main office and branches: For all purposes the jurisdiction is limited to the Dubai and Abu Dhabi Emirates 1- The Abu Dhabi main Office Address second floor, Mariah Building 40 St. Primall Alsin, United Arab Emirates Telephone: +97145038922. Fax: 97134455396 LOBO 11439 Weite: www.AIDCR - Email Address AIDC service Focus * 000 OOO . 03 SP 2021 LC MODEL PROJECT-Saved to my Mac Sign Layout References Maongs View Review 2Th Ali Branch Aires - Shop No. 022, ALMall.bama bin midst - ALA United Arab Emirates P.O.box, 94599 - Telephone: +97125378219, - Fax +97134389701 - Website www.Al E-mail AS 5) Total Registered Capital & Shares of Partners: The Total Registered Capital of the All company is 100,000 AED The partner declare that shares are paid in cash and paid in full by the partners. The capital is divided into shares among the partners according to the following Datin Pertages 2016 2096 2014 Name of partner Value of share Nine of Part 01 ou 200,000 Name of Partner 02 200,000 Name of Marine 200.000 Name of Partner 04 150,000 Name Partners 150,000 Name of Path 100.000 Total 1000,000 35% 10 100% Shares are Indivisible If any withdrawing partner wants to sell his share other partners will have a priority right to purchase the shares. If they are not interested to buy, then he sell it to outsiders Exception to this Rule This Rule will not apply when the Transfer of shore of a partner is done by way of Inheritance of Court judgement Focus 80 868 203 SP 2021 LLC MODEL PROJECT-Saved to my Mac References Mailings Review View The shares in cash are fully paid-up by the partners at the time of incorporation/registration. The capital in cash has already been deposited in the company's bank ADCB, Al Ain Branch, in AIDC account and the Bank has issued a deposit certificate. The Managers of AIDC can withdraw only upon providing evidence of registration of company 6) The Date of Incorporation of the Company and Termination: AIDC Company has been registered with a duration of O5 years The data of incorporation date on Sunday 10 March 2021 The termination date on Wednesday 09/March/2025 The AIDC would be dissolved after completion of this period or the term may be renewed for future period upon the unanimous approval by all partners. 7) Company's Management & Signatory authority The Management and signatory authority on behalf of the Company is given to first partner Name of Partner 01 She would be submitting the annual Report and the Balance sheet and profit and loss account, at the Meeting every year. Manager shall be convening the Annual Meeting & other meeting accordingly. In case of the manager absent for personal reasons or any reason, the signatory authority on behalf of the Company is given to the second partner Name of Partner 02.10 perform all necessary actions. Manager will have Powers as granted by this MOA. While exercising their powers the Manager's should not: (1) Infringe (Violate/go against the provisions/rules of its MOA; (2) Act outside the scope of managing a business (objects or goals) of the kind the company carries on (Ultra vires). (3) Manager should NOT (without the consent of General Assembly: Take up the management of a competing company, or Take up a company with similar objects, or Limited States Focus 03 SP 2021 LLC MODEL PROJECT Saved to my Mac References Mailings Review View Make trade deals in competition or Make deals similar to the activity & make secret profits for his own or for the account of the third parties. Such Manager will be dismissed and liable to pay compensation Manager is Liable for any Fraudulent acts, or any losses or expenses incurred due to improper use of power, or Contravention of go against) provisions of any applicable Law, or MOA, or contract appointing the Manager, or Any gross error by the Manager or For deliberate or negligent acts of Mismanagement. Managers are liable to pay damages To the Company, To the Partners & To the Third parties. The Manager shall be dismissed by the General Assembly. whether the Manager is a Partner or Not: or by The Court (at the request of one or more partners) Resignation of Manager: The Manager may file a written resignation to the General Asembly with a copy to the registrar (competent authority). The General Assembly should decide within 30 days 8) Financial Year of AIDC: The beginning of financial year in UAE is 1 January, and the end of it is 31 December, but with the exception for the First Financial Year which shall be ending in:31. December, 2021. 9) Distribution of Company's Profits and Losses: After completion of one financial year the Balance sheet of AIDC is prepared and approved by the General Assembly. After that the Profit and Losses shall be distributed between the partners. d States Focus 03 SP 2021 LLC MODEL PROJECT - Saved to my Mac Layout References Mailings Teview View The Profits and Loss in All shall be distributed among the partners Hecording to the following the Name of partner Peratage of Share in prots Name of Purtrier lamel 2018 Name of Partner 20 Name of Partner 09 20% Name of Partner 04 15 Name Partners 15 Name of Partner 06 1076 Total: 100 Perenntages of share less 2013 20% 20 159 15% 10% 1006 10) Liability of Pace AIDC is aimited Liability Company, hence, the ability of partners shall be limited only to the cent of their respective share in the capital. Every partner shall be liable only to the amount actually invested in the business 11) Meetings ATDC must have an Atheneral Assembly Meeting AGM, which will be held once a year. Decisions will be taken on majority basis of the que attending the Meeting Extraordinary meetings will be called for in times of urgency Formation of Geral Assembly The Allmast have a General Asembly consisting of ALL partners The Mat's have to convenc General Assembly ONLY during our following the end of the Financial Year). OR Inished 80 BRE 5 7 8 9 03 SP 2021 LLC MODEL PROJECT -Saved to my Mac nces Mailings Review View The Manager will invite the GA giving all information about the time & place of meeting Each partner has a right to attend the GA in person, may delegate to another partner (who is not a manager) or any party, Every partner shall have a number of votes equal to the number of shares held or represented by such partner. The following matters will be reviewed and approved by the General Assembly: To consider & make decisions in following issues: The Managers Report on the activity (business) & the company's financial position of last financial year. o The Balance sheet & account of profits and losses and its approval. o The dividends from the net profits be distributed among the partners To appoint Managers & to decide their remuneration. To appoint & determine the remuneration of Auditor/s. 12) Dissolution: The AlDC will be dissolved for any of the following reasons: 1. Acquisition or Merger of the Company with another Company, 2. The Partners holding majority of the capital of the Company decide to terminate the duration of the Company 3. Upon the rendering of a decision from the court to dissolve the Company 4. Upon Death. Bankruptcy, Insanity of one or more partners. 5. Upon Completion of the term of the company, if it is not renewed further. 6. Upon depletion of All or Most of the assets of the company, Status Focus 03 SP 2021 LLC MODEL PROJECT-Saved to my Mac forences Maslings Review View Index Pages 1 2 3 Cover Pope Name of company Nature of business Name of Partner Main office & Branches of the company Capital & shares Date of incorporation & termination of the company Management & signatory authority Flancial Year Profin a los Lability Meeting 9-10-11 Dinti 12 L 1. Name of the Company 2.Names of Partners 3.Duration of the company (renewal) 4. Nature of Business (in detail) 5. Capital, share of each partner (table) 6.Management 7.Meetings 8. Liability & distribution of profit & loss 9.Dissolution (all 05 points -in detail) Note: Prepare only 5-6 slides, points No 04, 05, 06, 07 & 09 should be in detail, the rest should be brief. Points- 1, 2, 3= in one slide. Point-4 in one slide Points-5, 6 & 7 in two slides. Points - 8 & 9 in one slide. 000 OOO Prepare a Model Draft on any ONE of the following, assuming a Name of the Company, Nature of business, Names of partners & their Shares in capital, Total Capital, Profit & loss sharing ratio, Management and dissolution. You have to give a false name to your company-Your name should be the First as one of the partners--and write all the details-- as if you are filing this Draft for your company registration. The topics of the project are:- Choose any one 1. Prepare a Memorandum of Association (Statute/Partnership Agreement) for a Joint Stock Company, (JLC). 2. Prepare a Memorandum of Association (Statute/Partnership Agreement) for a Limited Liability Company (LLC)