Company registration is a simple procedure in Pakistan. Securities and Exchange Commission of Pakistan (SECP) has made the procedure easy and efficient. Yous can now get your company registered in 7 to 14 working days.registerCompany

A. TYPES OF COMPANIES:

Following types of companies can be registered under Companies Ordinance, 1984.

1. Private Limited Company – Two (ii) or more persons are required as promoters/subscriber.

two. Public Visitor – Three (iii) or more persons are required as promoters/subscribers.

3. Single Fellow member Company (SMC) – Only one (1) person is required every bit promoter/subscriber.

B. MANUAL Process TO Grade A Visitor

Following are the steps for formation a company;

Step i: Awarding To Cheque Proper noun Availability

The get-go stride is to make an application to the Registrar SECP on prescribed course seeking availability of the proposed proper name mentioning therein objects of the visitor and significance of the proposed proper name. Attested copy of the CNIC of the requestor and the paid challan receipt in original shall be attached with the application.

Fee for this application is Rs. 235/- for ordinary process and Rs. 735/- for urgent process. The Challan Form is to be generated from SECP's website and paid in MCB's prescribed branches. Click here to generate the challan class.

The SECP will procedure the ordinary application in 2 to 3 days and urgent awarding in 24 hours and issue a Proper name Availability Certificate, if the proper name fulfilled the prescribed criteria.

While choosing a name for the company, information technology should be kept in mind that the proper name should not exist inappropriate, indecent, deceptive, identical or similar to an existing company or designed to exploit religious sentiments of any customs. The name should besides depict relevance to the visitor business.

Step 2: Payment of Registration & Filing Fee

In one case you have received the Name Availability Document, generate a Challan Form of requisite fee from the SECP'due south website in accordance with the SECP'southward fee schedule. The fee can be paid in prescribed branches of MCB. Click here to review the fee schedule.

Step 3: Documentations Requirements For Filing

You are at present fix to prepare documentation for filing.

(a). Individual LIMITED Company

For a Individual Express Company following documents are required to be filed;

i. Memorandum of Clan (4 copies, duly signed past all promoters/subscribers and a witness to the promoters/subscribers'due south signatures)

ii. Articles of Clan (4 copies, duly signed by all promoters/subscribers and a witness to the promoters/subscribers'southward signatures)

three. Grade i – Proclamation of compliance with the pre-requisites for the formation of a company.

iv. Form 21 – Observe of situation of registered part of the company

v. Form 29 – Details of Directors/Officers of the Company

half dozen. Attested copies of CNICs of all promoters/subscribers and of the witness to the promoters/subscribers's signatures

vii. Special Power of Attorney/Authorisation in favour of a person to make filing or to remove deficiencies/objections in documentation, if whatever, raised by the SECP.

viii. Paid Challan receipt in original.

(b). Public Limited Company

In addition to the requirements for registration of a private express visitor as stated above, the public companies are required file the following documents;

i. Form 27 – List of persons consenting to act as manager

two. Grade 28 – Consent of Directors

(c). Single Member Company (SMC)

All requirements of a Private Limited Visitor are practical to an SMC. Withal, as there happen to be but one promoter/subscriber, there is no demand to file an Authorisation. Post-obit additional certificate is filed for SMC's registration;

Form S1 – Indicating at to the lowest degree two individuals to act as nominee director and alternating nominee director, of the visitor in the effect of the promoter/director'southward death.

The SECP on receipt of complete filing documents volition event an Contain Certificate within 2 to 3 days in case of ordinary process and in 24 hours in case of urgent process. However, if any objections are raised on the filing, the time span may increment.

C. DOES ANY PRIOR APPROVAL/NOC/LICENSE IS REQUIRED TO Class A Company?

No. With certain exceptions, no prior blessing/NOC/license is required to forms a company. For following companies, prior blessing/NOC/license is required to obtain from the relevant departments/authorities/ministries.

a. A bank.

b. A non-banking finance company (NBFC).

c. A security service providing visitor.

d. A corporate brokerage firm.

e. A money exchange company.

f. An clan non for profit (NGO) u/s 42 of Companies Ordinance, 1984.

chiliad. A trade organisation u/due south 42 of Companies Ordinance, 1984.

For any questions, you may contact u.s.a..

Gulbaz Mushtaq Ahmad
Advocate High Court

Email: gulbazmushtaq@outlook.com
Mobile: +92 (333) 405-7077