Company
Law Group
2
BOLT TRAVEL PLC
Table of contents
Memorandum of BOLT TRAVEL Company
1 Association 4 Shareholders
Compa
Company ny Documents
2 Shares logo
5 submitted
here
of
3 Articles
Association PLC 6 Conclusion
Memorandun of Association
The name of our company is Bolt Travel located at ADL House, A company which
specializes in an environmental friendly rail network to minimize carbon emissions
from heavy reliance of road transport.
This is public company limited by shares and It comprises of 3 shareholders
Objective: the company is established to create a more developed and competitive
rail transport service by:
I. strengthening eco-friendly logistics network to align with 2063 national
sustainability goals
II. Being a catalyst for development of transportation system in Malawi.
This is Malawi based Company whose office of work are situated at ADL
House,
Company shares
It comprises of 3 shareholders
The total share capital is 500 000 shares valued at
K1 000 each.
\
The shares are in the following proportion:
Daniel Kachedwa (50) Abigail Chagona (30%) Daudi Mataka (20%)
Area 43, Lilongwe, Area 9, Lilongwe, Area 3, Lilongwe,
Malawi Malawi Malawi
Articles of Association
Part I provides key definitions (e.g., "Act," "Company," "Directors," "Members") to
ensure clarity, while
Part II establishes the company’s name (Bolt Travel PLC) and limits members’ liability
to unpaid shares.
Part III, Division I, grants directors broad authority to manage affairs, form
committees, and uphold governance standards, with Division II detailing decision-
making processes, including meetings (7 days' notice, 2/3 quorum), written
resolutions, borrowing powers (subject to shareholder approval for excess limits), and
director appointments (3-6 members, terminable for disqualification like bankruptcy
or fraud) with remuneration provisions. Division III governs general meetings
(annual with 30 days' notice, quorum of 3 members), voting (show of hands or poll),
proxies, and amendments, ensuring shareholder participation.
Part IV regulates shares (MK 500M capital, 500K shares at MK 1,000 each, with five
classes and transfer/consent rules), distributions (proportional dividends), and
certificates,
Part V covers miscellaneous aspects like notices, seals, document destruction,
executive appointments (e.g., qualified secretary), and director indemnity/insurance.
Collectively, these articles promote efficient, ethical governance, shareholder rights,
COMPANY SHARES
The company is made up of three shareholders who hold 100 percent of the
shares in common
• On commencement of the company’s operations, the owners will have at least
40 percent of the shares
• The company has 500 000 shares which are valued at K1 000 each
• Who can purchase shares?
Documents Submitted
1. Directors' Consents & Certificates (Form 2 & Form 9).
2. Shareholders' Consents (Form 3).
3. Beneficial Owners Particulars (Form BO1)
