- F-61/9, Block-4, Clifton, Karachi, Pakistan
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- +92-21-35140466-67
Securities & Exchange Commission of Pakistan
RELETED PRACTICE
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Registering a company in Pakistan brings an exclusive strength to your business by enriching it with a proper identity and credibility to your business as well as services. We offer services of company’s registration in Securities and Exchange Commission of Pakistan (SECP), regulations & regulatory actions before SECP and assist our clients professionally in other related affairs of SECP.
Company Registration:
The process for company registration is easy and rapid that you can get your company registered within 7 to 14 days whereas a LLP may take more than 6 months to get registered through SECP. It handles and manages all the company registration process in Pakistan. Along with manual filing, it also offers to file for company registration online through e-services.
Companies in Pakistan:
There are different types of companies that can get registered in Pakistan under The Companies Act, 2017.
1.Public Limited Company
A public limited company is a company in which three or more persons are associated together for lawful purpose. They can form a public limited company by prompting/subscribing their names to the Memorandum of Association (MOA) and other compliances. In public limited company, there are further two types of companies that are;
a. Public Listed Company:
Public listed companies are those companies; offer their shares to the general public which can be accessed by any person. The shares of such shareholder are a limited liability. The company must have not less than 7 directors and the capital for the registration of Public Listed Company is minimum 200 Million.
b. Public Unlisted Company:
Unlike Public Listed Companies; public Unlisted Companies neither offer it share to the general public in any manner nor require a huge capital to register a company. The minimum capital which a public unlisted company requires is 100,000.
Requirements:
- Particulars of CEO/CFO/Directors/other members, name, address, phone number, E-mail, CNIC copies, complete address of business office with other mandatory compliance.
- Memorandum of Association.
- Articles of Association
- Forms for Delectation of Compliance for formation of company, Notice of situation of registered office of company & particulars of the Directors/Officers of the company.
- Form 27 & Form 28 along with other mandatory compliance.
- Attested CNIC’s copies of all the members and witnesses.
- Special Power of Attorney in favor of the Agent.
- Paid challan receipt
2. Private Limited Company
A Private Limited Company is a company is a pre-eminent business formation. To register a private limited company, two or more shareholders are required. The company must be approved by the Board of Investment and has NOC from the Ministry of the Interior.
Requirements:
- Particulars of CEO/CFO/Directors/other members, name, address, phone number, E-mail, CNIC copies, complete address of business office with other mandatory compliance.
- Memorandum of Association.
- Articles of Association
- Forms for Delectation of Compliance for formation of company, Notice of situation of registered office of company & particulars of the Directors/Officers of the company.
- Attested CNIC’s copies of all the members and witnesses.
- Special Power of Attorney in favor of the Agent.
- Paid challan receipt
3. Single Member Company
Single Member Company as it name suggests, is a kind of company that can be incorporated by a single member which directly means that the sole proprietor has the power to limited liability. All shares belong to the person but must have nominated two individuals. Further, single member company must appoint a secretary.
Requirements:
- Particulars of CEO/CFO/Directors/other members, name, address, phone number, E-mail, CNIC copies, complete address of business office with other mandatory compliance.
- Memorandum of Association.
- Articles of Association
- Forms for Delectation of Compliance for formation of company, Notice of situation of registered office of company & particulars of the Directors/Officers of the company.
- Form-S1 indicating at least two individuals as nomine director and substitute nomine director.
- Attested CNIC’s copies of all the members and witnesses.
- Special Power of Attorney in favor of the Agent.
- Paid challan receipt.
Procedure:
- The applicant has to file an application for the name availability on prescribed form, mentioning the proposed name, object and significance of the proposed name with the other compliances.
- After receiving the name availability certificate, applicant must submit fee for the name reservation.
- After name reservation, the applicant has to submit all the mandatory and required documents on prescribed forms to the SECP along with the prescribed fee.
- The examination will be done by the incorporating department of SECP, in case of any objections, SECP will advise the applicant to amend and submit all the required documents.
- On receipt of filing complete document, SECP will issue Company incorporation Certificate.
- Once the registration is done, it is important for the member and the shareholders to deposit their shares in the company’s account.
- Before the company formation, the NTN registration must be done and sales tax number may be issued if needed.
Limited Liability Partnership:
LLP is a unique and new business structure introduced in Pakistan by SECP for a purpose to bridge the gap between small business organizational units. LLP allows partners to have limited liability in contrast of in a Limited partnership. There are a number of prominent benefits to choose a LLP over other partnerships, limited liability and no limit to the number of partners in a LLP.
Law & rules:
- The Companies Act, 2017 together with amendments to the law.
- Limited Liability Partnership Act, 2017.
- Limited Liability Partnership Rules, 2018.
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F-61/9, Block-4, Clifton, Karachi, Pakistan
Office: +92-21-35140466-67
A. A & ASSOCIATES – Pakistan’s leading IP Law firm
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Contact Us
F-61/9, Block-4, Clifton, Karachi, Pakistan
Office: +92-21-35140466-67
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