To register a company under the Law of Pakistan, you need to go through the following steps:
Availability of Company’s Name
The first step for registration of a new company is seeking a name that is available and does not collide with any other already existing Company. The availability of the proposed name is checked from the registrar.
To get the availability certificate, you need to:
Deposit Rs. 200/- if the application is submitted online
Deposit Rs. 500/- if the application is submitted offline
Documents Required for Limited Company Registration
For the registration of a private limited company, the following documents are necessary to be submitted to the registrar responsible for the registration process:
A copy of Computerized National Identity Card (NICOP) or passport.
In the case of offline submission, four printed copies of Memorandum & Articles of Association are required. For online submission, one copy is needed.
Filling out the Form 1 i.e., Declaration of Compliance with the Pre-requisites for Formation of the Company
Filling out the Form 21 i.e., Notice of situation of the registered office of the Company
Filling out Form 29 i.e., Particulars of first directors of the Company
Originally paid challan showing the payment of the fee in any of the authorized branches of MCB Bank Limited.
Additional Requirements for registration of a Public Company
Apart from the requirements for registration of a private limited company, as mentioned above, the public Company’s registration requires the following documents:
Filling out the Form 27 i.e., List of persons consenting to act as director
Filling out Form 28 i.e., Consent of Directors
Additional Requirements for a Company to provide Security Services
In the event of a company planning to give the security services, the following documents are required:
Nine sets of each of the documents at I and II above as well as the biodata
Subscriber’s four attested photographs
Subscriber’s bank statement/ current financial position.
The NOC for the Company aiming at providing security services is granted by The Ministry of Interior.
Documents Mandatory for the Integration of a Single Member Company (SMC)
Single Member Company (SMC) may be formed by any person and is needed to file with the registrar when incorporated. He is also required to nominate a minimum of two nominees. One as director and other as an alternate director of the Company in the case of his death. This nomination is included in Form S1. SMC should be applied in all the requirements for the incorporation of a Private Limited Company.
Credential of Integration and Certified Copies of the Memorandum & Articles of Association
For obtaining the certificates as mentioned above and credentials, the following documents are required:
Challan of the mandatory copying fee
Registration documents along with the court stamps fee
Required Documents for Incorporating a non-profit based Association
A license issued by SECP together with all the documents required for incorporating a limited company.
A permit issued by the Ministry of Commerce must be submitted to the concerned registrar in the case of the trade body.
In order to obtain the requisite license from the commission, an application together with draft memorandum and articles of association, List and bio-data of each promoter, declaration, names of companies in which the developers hold any office, estimations of yearly income and spending and a brief report of all the work that is already done or that has to be done. (Section 42).
The issuance of the license is for five years and is renewable for an additional term(s) of five years.
Procedure for a Company to become SMC
For becoming SMC, a Private Company having two or more members, it needs to follow the following steps:
Pass a Special Resolution for changing its status, making essential modifications in its articles, and gaining the endorsement of commission.
In order to seek the commission’s approval, an application must be submitted in the form as set out in Form S4 within thirty days of passing the Special Resolutions for changing the status to SMC.
Within fifteen days of the commission’s approval, shares must be transferred in the name of a member, and change must be notified in the Board of Directors on Form 29 about the transfer of shares.
Within the period of fifteen days, a certified copy of the order holding the consent along with a notice in the form as set out in Form S5 and the nomination for the director in the form as set out in Form S1 have to be filed to the registrar.
Our services
Our experienced online lawyers in Pakistan assist in:
Registration of the Company
Preparation of required documents
Registration of Company for taxation
Obtaining NTN and STN numbers for the Company
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