Question No. 01Mr. Saad and Mr. Ali, sons of Mr. Zeeshan, are Pakistani and intend to incorporate a private company limited by shares in the province of Punjab under the Companies Act, 2017. The principal line of business of the proposed company is to provide transportation services for passengers and goods by land between such places in Pakistan as the company may from time to time determine and the doing of all such other things as are incidental or conducive to the attainment of the above principal line of business. They have obtained availability of name of the company from the Companies Registration Office namely "Excellent Transport Private Limited". Authorized capital of the company will be Rs.1,000,000/- divided into 100,000 shares of Rs.10 each.

Required:You are required to draft the Memorandum of Association of above company under the Companies Act, 2017. Also mention main clauses of Article of Association.