(x).     “Trade Ordinance” means the Trade Organizations Ordinance, 2007 for the time being in force.

(xi).     “Trade Rules” means the Trade Organizations Rules, 2007 for the time being in force.

(xii).     “Director General” means Director General of Trade Organization appointed under the Trade Ordinance.

(xiii).     “Year” means a year reckoned from 1st October to 30th September.

(xiv).     “The Ordinance” means the Companies Ordinance of 1984 or any other statutory enactment in place of said Ordinance for the time being in force.

(xv).     “Register” means the Register of Members of Association kept in pursuance of Section 147 of the Companies Ordinance, 1984.

(xvi).     “Resolution of Association” means any resolution passed at any meeting  convened to take decision while adhering to the provisions of Section 157 to 173 of the Ordinance.

(xvii).     “Words indicating the singular number shall, include plural numbers and Vice Versa.  Words signifying persons shall apply mutatis mutandis to firms, corporation or Joint Stock Companies.

(xviii).    “Words indicating masculine gender shall include feminine gender.

3).     
(a).     All other expression defined in the Ordinance shall have the meaning assigned to them in the Ordinance.

(b).     When any provision of the Ordinance is referred to, the references shall be to such provision as modified by any statutory enactment for the time being in force.

 
    LIMIT OF MEMBERS

4).      For the purpose of registration, the Association hereby declares to consist of unlimited number of members minimum one hundred members.


    PURPOSE

5).    The Association is established for the purposes expressed in the Memorandum of Association.


    CLASSIFICATION OF MEMBERS

6).    The Membership of the Association shall comprise of two categories of members, namely:

(a).     Corporate Members of the Association which are either a Body Corporate or a Multinational Corporation having its Head Office or Branch Office in Pakistan or a Sales Tax Registered manufacturing concern or a sales tax registered business concern having annual turn-over of Rs.50 million or above;

(b).     Associate Members of the Association which are not a Body Corporate or a Multinational Or a sales-tax-registered manufacturing or sales-tax-registered Business concern having annual turn-over of Rs.50 million or above.


    ELIGIBILITY FOR MEMBERSHIP