Capacity and Authority Opinions
Confirmation that a Pakistani company is duly incorporated, has the power to enter a transaction and has authorised it internally.
Lenders, investors and foreign counterparties commonly want confirmation that a Pakistani company exists, has power to enter the transaction and has properly authorised it. We examine the constitutional documents, SECP records and internal approvals before giving that confirmation. The opinion states plainly the assumptions and qualifications it rests on.
What's included
- Verifying incorporation status and particulars through SECP records
- Reviewing objects and powers in the memorandum and articles
- Examining board and shareholder resolutions authorising the transaction
- Confirming signing authority and due execution of documents