Legal Framework for MRO setup in Pakistan

8/9/2019 Legal Framework for MRO setup in Pakistan

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LEGAL

FRAMEWORK FORAIRCRAFT MRO

SETUP IN PAKISTAPRESENTED BY :HUMAYUN YOUSAFSYED HASSAN MAHMOOD WASTI


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SEQUENCE OF PRESENTATIO

1. MRO INTRODUCTION2. MRO BUSINESS FEASIBILITY

3. TYPE OF ORGANIZATION

4. LEGAL FRAMEWORK OF PRIVATE LIMITED

. MEMORENDUM OF COMPANY

!. REGULATORY FRAMEWORK

". CONCLUSION


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MRO INTRODUCTION MRO STANDS FOR MAINTENANCE# REPAIRORGANIZATION

IN OUR CASE WE WILL FORM AN AIRCRAFTMRO

IN THE PAST CENTURY AIRLINE AND MROWERE OWNED AND OPERATED BY THESAME COMPANY.

HOWEVER NOW KEEPING IN VIEW THE

PROFIT POTENTIAL OF MRO MANY AIRLINESHAVE SEPARATED THEIR MRO AND AIRLINEBUSINESS LIKE EMIRATES# LUFTHANSA ETC

ALSO MANY NEW COMPANIES THAT DEALE$CLUSIVELY IN MAINTENANCE LIKE ADAT#HAECO ETC HAVE ALSO APPEARED


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MRO BUSINESS FEASIBILITY ONE TIME INVESTMENT OF APPRO$IMATELY %1&&&&& ON TOOLS# INSFRASTRUCTUREAND EQUIPMENT

LOW OPERATING COST

LABOR RATES ONE OF THE LOWEST IN THEREGION

HIGH DIVIDENDS

CHECK C ON ONE MEDIUM SIZED 'B"3"#A32&( EARNS % 3&&&&.

1 MA)OR CHECK USUALLY TAKES 12 DAYS

APRO$ CHECKS PER YEAR 24

TOTAL EARNING ' ONLY MEDIUM SIZEAIRCRAFT ( IS % "#2&&&&.


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MRO BUSINESS FEASIBILITY

AND THIS DOES NOT ACCOUNT FORSMALLER CHECKS AND OTHERSERVICES

WHICH CAN EARN APPRO$

% !#&&&&& MORE **********************


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TYPE OF ORGANIZATION

RISKSLAW SUITS ARE OF HIGH MONETARYVALUE

THE AFFECTED PARTIES HAVE VERYSTRONG FINANCIAL MUSCLE.

SUSPENTION OF LISCENSE BY

REGULATOR

IN)URY TO WORKERS ON )OB

FINES ASSOCIATED WITH NONFULLFILLMENT OF CONRACTS

RISK OF DEFAULT ON BANK LOANS


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TYPE OF ORGANIZATION

ALTHOUGH THE SAFETY STANDARDSOF AVIATION MAINTENANCE AREE$TREMELY HIGH

HOWEVER

THE LEGAL AND FINANCIAL RISKSASSOCIATED WITH THE BUSINESSCAN NOT BE IGNORED.

THEREFORE WE HAVE OPTED FOR

PRIVATE LIMITEDCOMPANY SO AS TO LIMIT THELIABILITY


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DEFINITION OF PRIVATE LIMITCOMPANIES

A+ ,- C/0, O56- 178"

9,5;- 6/0,9 0-+ 6/0, ;56?-+#@

'5( -+;56;+ ;=- 5=; ;/ ;+- 5;+ +=-+# 5

'55( ?505;+ ;=- 0>- / 5;+ 0-0>-+ ;/ ; /

56?5 ,-+/+


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LEGAL FRAMEWORK OF PRIVLIMITED COMPANYREGISTRATION PROCEDURE

A5?>5?5; / N0-

D/60-;+ R-5-

1. C/, / ;5/? 5-;5; 6

2. M-0/0 A;56?-+ / A++/65;5/

3. F/01

4. R-5+;;5/F5?5 F--+

. A;=/5;5/ > S,/+/+

!. O>;55 C-;5- C/,5-+ /M-0/0 J A;56?-+ / A++/65;5/ C-;56;- / I6/,/;5/


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REGISTRATION PROCEDURE AVAILABILITY OF NAMEP/,/+- N0-: P5+; A5;5/ A56; M5;-6- S-56-+.'PAAMS(

S>05; F-- / 2&& R+ LOGO


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REGISTRATION PROCEDURE The Companies Ordinance, 198!PRIVATE COMPANY LIMITED "Y #

Memorand&m o' Associa(ion

O)

PA*I#TAN AVIATION AND AIRCRA)T MAINTENANCE #ERVICE# !PRIVAT

Name + P5+; A5;5/ A56; M5;-6- S-56-+

Reis(ered O-ce + )IAP# K6=5

O./ec(i0es + T/ --;- --- / ?? 5;+ +=-=/?-+


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REGISTRATION PROCEDURE The Companies Ordinance, 198!PRIVATE COMPANY LIMIT

#$ARE#%

Ar(ices o' Associa(ion

O)

PA*I#TAN AVIATION AND AIRCRA)T MAINTENANCE #ERV!PRIVATE% LIMITED

T,- / 6/0, : P5;- L505;-

T+- / S=-+ : S=-+ ;/ >- +/? ;- ,,/? /0 >/ /S=-+ ;/ >- /-- ;/ -5+;5 0-0>-+ >-/- >-5 +/? ;/ /

N0- / D5-6;/+ : TBD


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REGISTRATION PROCEDURE )ORM31

INCLUDES:

DECLANRANTS NAME

FEES CHALAN NO

DECLARTION OF COMPLIACE


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REGISTRATION PROCEDUREReis(ra(ion )ees+

A,,/50;-?: 2. M5??5/ PKR

A+ ,- -- -+65>- / SECP+5;-

C/, / ;=- /55? ,5 C=?? 5;=- >6= / MCB B L505;-

/ B D;P O-


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REGISTRATION PROCEDURE A&(hori4a(ion o' #ponsorship+

R-,-+-;;5- / PAAMS

T/ M- G// D-65-6

T/ 6/??-6; C-;56;-


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DONE WITH THE PROCEDURSRE56IREMENT# A)TER INCORPORATION+

F/0 27


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Legal Framework for MRO setup in Pakistan

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