Registration of a Company in Pakistan

How to Register a Company in Pakistan?

In modern business world need of registration cannot be overlooked. Pakistan is rapidly moving towards documented economy.
Due to rapid economic development thousands of companies are registered each month in Pakistan. Process of Company Registration in Pakistan is made easy by the Government of Pakistan. Company Registration in Pakistan is not a lengthy process.
In Pakistan Securities and Exchange Commission of Pakistan (SECP) regulates the corporate sector. It is the sole regulator which registers all types of companies, regulates, monitors, enforces and makes sure legal compliance of various corporate laws.
For the purpose of Company Registration in Pakistan SECP has established various registration offices in all major cities of Pakistan, a registration office is termed as Company Registration Office (CRO). Every registration office is undergoing registration process under the supervision of many registrars.
Company Registration in Pakistan
Company Registration in Pakistan

1. Availability of Name
First step of company registration is to select and apply a company name, while selecting company name make sure not to use the Prohibited Names. After Promulgation of Companies Act, 2017 it is required that the Nature of Business must be reflected in the company name, for instance trader, importer & exporter, solutions, consultant, manufacturing, etc.  Words of other languages, such as Arabic, Persian, Spanish, can also be chosen as name of company, but relevance is required.
Application for the availability of name may be filed online or manually, on receipt of application the concerned CRO will intimate through both email and letter in hard copy. Whether applied name is accepted or rejected by CRO applicant will be informed. Any clarification or explanation may be called by the CRO / Registrar.
2. Registration Documents and Fees
After receipt of name availability letter from SECP deposit incorporation fees and submit required documents.. The incorporation fees can be paid using any bank challans at designated Muslim Commercial Banks (MCB) or United Bank Limited (UBL) of your city. Following documents are required to be submitted:
For Online Process
  • Copy of Name applicability letter
  • Fee Challan
  • Copies of CNIC of Directors and Chief Executive
  • Declaration by a director/subscriber or CA,CMA or advocate
  • Purposed registered office of the company
  • Particulars of directors and chief executive  
  • Memorandum and Articles of Association signed by each director
For Manual Process
  • Copy of Name applicability letter
  • Fee Challan
  • Copies of CNIC of Directors and Chief Executive
  • Declaration by a director/subscriber or CA,CMA or advocate
  • Purposed registered office of the company
  • Particulars of directors and chief executive  
  • Four copies of Memorandum and Articles of Association signed by each director
  • Form 1, Form 21 and Form 29
3. Creation of User ID at Web-Portal of SECP
 If one wants incorporation of company through online process then creation of User ID is necessary at the web-portal of SECP. Creation of User ID is not a difficult process it’s just like creation of email account, but simultaneously critical information is needed the correctness and reasonability.  

4. Submission of Documents
 In case of manual registration documents will be submitted in hard copy to concerned CRO. In case of online incorporation all documents will be submitted in PDF format through e-portal of SECP.

5. Certificate of Incorporation   
After submission of documents, concerned officers of CRO will scrutinize all the documents. All documents should be in line with the requirements of Companies Act 2017. In case of any legal deficiency or need of explanations the applicant will be notified through email in case of online incorporation. In case of manual registration concerned CRO will indulge in face to face communication with the applicants.
After being satisfied that all requirements of under various company laws has been fulfilled the concerned registrar will issue Certificate of Incorporation along with a set of true certified copies of the following documents :
  • Certificate of Incorporation
  • Form 1, Form 21 and Form 29
Incorporation Certificate issued by SECP
Incorporation Certificate issued by Government of Pakistan


We have been providing services of Company Registration in Pakistan if you need any help regarding registration of company in any city feel free to contact us.


Comments

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