All disputes, differences or claims whatsoever which shall arise between members individually or severally of the Association or about or in connection with these Rules shall be referred t o the committee which may at its discretion direct the parties to refer t he disputes, differences or claims to arbitration under the Rules of the Federation of Pakistan Chambers of Commerce and Industry shall be accepted as final and binding on all members.
Provided that nothing in this clause contained shall affect or prejudice or derogate from or override the powers, authorities and discretion of the Committee and/or Executive Sub-Commit tee under all other Rules of the Association.
Power and authority of the Association and of its Central Executive Committee shall be as set out in the Article and shall be exercisable only in terms of the Memorandum of Association and shall be limited and restricted accordingly.
The compulsory regulations laid down under section 26 of the Companies Ordinance, 1984 and the regulation, rules, instructions contained in the Trade Organization Ordinance, 2006 and or in any other law for the time being in force shall be deemed as included in these Articles.
Amendment to these Articles shall be made with the prior approval of the Federal Government and shall also be made when required by the Federal Government in the public interest.
We the following persons whose name and addresses are subscribed below are desirous of being formed into an association in pursuance of the Article of Association.