Document background
The Memorandum of Association of Oil and Gas Company is a mandatory legal document required under Pakistani law when establishing a company in the oil and gas sector. This document must comply with the Companies Act 2017, OGRA regulations, and other relevant energy sector legislation. It serves as the company's constitution, defining its objectives, powers, and limitations, particularly in relation to oil and gas exploration, production, and distribution activities. The memorandum is essential for company registration with SECP and obtaining necessary operational licenses from OGRA. It's typically prepared during the company formation phase and requires careful consideration of both corporate and regulatory requirements specific to Pakistan's energy sector. The document remains fundamental throughout the company's existence, governing its activities and serving as a reference point for stakeholders, regulators, and courts.
