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All kind of service providers.

Seerab Maps-Seerab Technologies

By Amreen Malik on March 29, 2019

Innovative Seerab Maps for Real Estate help users visualize, analyze, identify, locate and verify housing societies even plots while sitting anywhere in world using smart phone/laptop. 14 cities major housing societies covered including Gwader. Seerab Maps Pakistan’s most prestigious P@sha ICT Awards 2018 winner, Uberpitch Competition Islamabad Winner and Khadija Awards 2019 winner. Seerab Maps offer transparency to Buyers/sellers/investors by verifiying the housing society exact location which was previously missing.

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How to Check/Reserve Company Name

By Amreen Malik on February 12, 2019

 How to Check Company Name Check

Search Company Name

Companies are based on what you exactly and may also depends on your corporate structure. Name availability is the first step towards Company Registration in Pakistan. Company Names are permitted based on on Company Type.

Learn about Company Types and Names

  1. Go to https://eservices.secp.gov.pk/eServices/NameSearch.jsp and type company name that you are planning for your company.

Search the availability of name of the proposed company for Company Registration in Pakistan. If same name or any identical name already taken, then try other options for new company name. Company Name Search is free and attract no fees.

 

2. If the proposed name of the company is available, then the second step is to apply for company name reservation. For name reservation, go to SECP website create the user login and start the name reservation process. Follow the steps as directed.

3. The third step in company Registration in Pakistan is to make an application to the registrar of companies for the availability of name. The application can be made both online and in offline mode and normally takes a period of one to two days before confirmation of the name applied for new company registration in Pakistan. Before making an application to the Securities and Exchange Commission of Pakistan for company registration please do not forget to do Company Name Search on the Securities and Exchange Commission of Pakistan website. Once the name is confirmed you can proceed with the process of company registration in Pakistan.

Fee. Deposit applicable fee in selected MCB or UBL bank.

Company Name Reservation is the first process in company registration. Only a successfully reserved Company name allows its holder to proceed to further available processes.

COMPANY KIND

The company kinds vary with respect to their role in the corporate sector and each kind/type has attached to it various requirements which are required to be fulfilled for further incorporation with SECP. These requirements are in terms of the composition of its board of directors/members, the organizational arrangement and the services which the company will render. A drop down list having different company types is present with the use of which a desired type is selected during the course of the company name reservation process.

Learn more about Company Types & Names

BANK BRANCH

A list of designated bank branches in major cities of Pakistan is made available here for the client to select from. These bank branches are designated for collecting the compulsory fees against various processes under the Companies Ordinance. The Fees are paid through challan at the designated bank branch and submitted at the selected CRO.

APPLICANT INFORMATION

A detailed input about the client is provided in this section which includes his/her Name, CNIC, Telephone, Address and Email information.

ATTACH DOCUMENTS

A successful and complete data entry at Company Name Reservation Form will take the client to a new page where “Sign form” option is available. This page includes a list of Client’s filled and unfilled documents. Following proceedings can be chosen from here;

  • Modification (if required) regarding previous steps can be made by clicking at the provided links.
  • A New document can be attached. eServices will require the attachments to be in PDF format only unless any other format is especially specified along with the attachment field.
  • Bank Challan is attached and submitted.

 

 

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Types of Companies in Pakistan

By Team Janbaaz on February 12, 2019

Types of Companies (Legal Establishments)

There are few types of companies and you should go for the type which suites your business needs best. Every type has its own pros & cons.

  • Association

This word may be included in the name of companies to be established on grant of license by the Commission under section 42 of Ordinance or which are established as a Trade Organization under Trade Organizations Ordinance, 2007.

  • Benevolent/ Foundation

These words may be included in the name of companies to be established on grant of license by the Commission under section 42 of Ordinance.

  • Society

This word may be included in the name of companies if proper justification is provided 7

  • Fund

This word may be allowed in the name of company if the company will function as Non-Banking Financial Company under the license of Specialized Companies Division of the Commission or to public sector company on grant of license by the Commission under section 42 of the Ordinance.

  • Council

This word may be included in the name of companies to be established on grant of license by the Commission under section 42 of Ordinance. Moreover, this expression is also allowed to Sports Association and Professional Bodies.

  • Chamber of Commerce

This word may be included in the name of entities which are being formed as Trade Bodies under license under Trade Organization Ordinance, 2007, from Director General Trade Organization, Ministry of Commerce Government of Pakistan.

  • Authority/ Register/ Registered/ Co-operative/ Bureau/ Division

These words are not allowed

  • Trust

This word may be included in the name of REITs to be established on grant of license by the Specialized Companies Division of the Commission.

  • Assurance/ Assurer/ Insurance/ Insurer/ Re-Assurance/ Re-Assurer/ Re-Insurance/ Re-Insurer

These words may be included in the name of companies involved in Insurance, Assurance, Re-insurance and Reassurance business. Prior permission of Insurance Division of the Commission would be required at the time of Incorporation.

  • Board

This word may be included in the name of companies desirous to engage in the business of Paper &/or Board or to public sector companies.

  • Bahria/ Askari/ Fouji/ Fazaiya/ Cadet

This word may be included in the name of companies to be established by the relevant agency.

  • Banks/Banking Company
  • These words may be included in the name of companies on the basis of permission from State Bank of Pakistan undersection 8 of the Banking Companies Ordinance, 1962 and section 5(1) of Microfinance Institutions Ordinance, 2001.
  • Charter/Chartered

These words may be included in the name of companies having charter from the sovereign authority of the Federation and the Province.

  • Exchange/Bourse

These words are only allowed in the name of Stock Exchange, Commodity Exchange and Exchange Companies subject to NOC from relevant authority.

  • Familiar Trade Names

These words may be included in the name of companies only if NOC of familiar trade name user is provided or proper documentary evidence of ownership/use of trade name is furnished by the applicant.

  • Famous/ Distinct Personalities

These words may be included in the name of companies if proper justification and approval of relevant authority is provided.

  • Federation

This word may be included in the name of Sports Federations licensed under section 42 of Ordinance or trade bodies under Trade Organizations Ordinance, 2007.

  • Federal

This word is allowed in the name of company with the approval of the Commission, if the proposed company has a connection or any patronage with Federal Government.

  • Group

This word may be included in the name of companies if use of this word implies several companies under single corporate ownership and applicants have to provide evidence of subsidiary/associate relationship with two or more other Pakistani Companies.

  • Holding

This word may be included in the name of company which establishes that it qualifies to be a holding company as defined in Section 3 of the Ordinance i.e. the company has object clause showing its intention to act as holding company after incorporation.

  • Institution

This word may be included in the name of the public sector  companies

  • Investment

This word may be included in the name of Non-Banking Finance Companies, REITs and brokerage houses or any public sector financial institution or investment company.

  • Investment Finance, Investment Advisory, Leasing, Asset Management, Housing Finance

This word may be included in the name of Non-Banking Finance Companies.

 

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How to Check/Reserve Company Name

By Amreen Malik on February 6, 2019

Call Now: +92(312)5510221

How to Check/Reserve Company Name

Availability of Name:

Search the availability of name of the proposed company for Company Registration in Pakistan. If same name or any identical name already taken, then try other options for new company name. Company Name Search is free and attract no fees.

Name availability is the first step towards Company Registration in Pakistan. Following words and phrases are not allowed to be taken as part of Company name while registering your Company / Business in Pakistan under Companies Ordinance, 1984.

·         Association

This word may be included in the name of companies to be established on grant of license by the Commission under section 42 of Ordinance or which are established as a Trade Organization under Trade Organizations Ordinance, 2007.

·         Benevolent/ Foundation

These words may be included in the name of companies to be established on grant of license by the Commission under section 42 of Ordinance.

·         Society

This word may be included in the name of companies if proper justification is provided 7

·         Fund

This word may be allowed in the name of company if the company will function as Non-Banking Financial Company under the license of Specialized Companies Division of the Commission or to public sector company on grant of license by the Commission under section 42 of the Ordinance.

·         Council

This word may be included in the name of companies to be established on grant of license by the Commission under section 42 of Ordinance. Moreover, this expression is also allowed to Sports Association and Professional Bodies.

·         Chamber of Commerce

This word may be included in the name of entities which are being formed as Trade Bodies under license under Trade Organization Ordinance, 2007, from Director General Trade Organization, Ministry of Commerce Government of Pakistan.

·         Authority/ Register/ Registered/ Co-operative/ Bureau/ Division

These words are not allowed

·         Trust

This word may be included in the name of REITs to be established on grant of license by the Specialized Companies Division of the Commission.

·         Assurance/ Assurer/ Insurance/ Insurer/ Re-Assurance/ Re-Assurer/ Re-Insurance/ Re-Insurer

These words may be included in the name of companies involved in Insurance, Assurance, Re-insurance and Reassurance business. Prior permission of Insurance Division of the Commission would be required at the time of Incorporation.

·         Board

This word may be included in the name of companies desirous to engage in the business of Paper &/or Board or to public sector companies.

·         Bahria/ Askari/ Fouji/ Fazaiya/ Cadet

This word may be included in the name of companies to be established by the relevant agency.

·         Banks/Banking Company

·         These words may be included in the name of companies on the basis of permission from State Bank of Pakistan undersection 8 of the Banking Companies Ordinance, 1962 and section 5(1) of Microfinance Institutions Ordinance, 2001.

·         Charter/Chartered

These words may be included in the name of companies having charter from the sovereign authority of the Federation and the Province.

·         Exchange/Bourse

These words are only allowed in the name of Stock Exchange, Commodity Exchange and Exchange Companies subject to NOC from relevant authority.

·         Familiar Trade Names

These words may be included in the name of companies only if NOC of familiar trade name user is provided or proper documentary evidence of ownership/use of trade name is furnished by the applicant.

·         Famous/ Distinct Personalities

These words may be included in the name of companies if proper justification and approval of relevant authority is provided.

·         Federation

This word may be included in the name of Sports Federations licensed under section 42 of Ordinance or trade bodies under Trade Organizations Ordinance, 2007.

·         Federal

This word is allowed in the name of company with the approval of the Commission, if the proposed company has a connection or any patronage with Federal Government.

·         Group

This word may be included in the name of companies if use of this word implies several companies under single corporate ownership and applicants have to provide evidence of subsidiary/associate relationship with two or more other Pakistani Companies.

·         Holding

This word may be included in the name of company which establishes that it qualifies to be a holding company as defined in Section 3 of the Ordinance i.e. the company has object clause showing its intention to act as holding company after incorporation.

·         Institution

This word may be included in the name of the public sector  companies

·         Investment

This word may be included in the name of Non-Banking Finance Companies, REITs and brokerage houses or any public sector financial institution or investment company.

·         Investment Finance, Investment Advisory, Leasing, Asset Management, Housing Finance

This word may be included in the name of Non-Banking Finance Companies.

 

COMPANY NAME RESERVATION

If the proposed name of the company is available, then the second step is to apply for company name reservation. For name reservation, go to SECP website create the user login and start the name reservation process. Follow the steps as directed.

The first step in company Registration in Pakistan is to make an application to the registrar of companies for the availability of name. The application can be made both online and in offline mode and normally takes a period of one to two days before confirmation of the name applied for new company registration in Pakistan. Before making an application to the Securities and Exchange Commission of Pakistan for company registration please do not forget to do Company Name Search on the Securities and Exchange Commission of Pakistan website. Once the name is confirmed you can proceed with the process of company registration in Pakistan.

Fee. Deposit applicable fee in selected MCB or UBL bank.

Company Name Reservation is the first process in company registration. Only a successfully reserved Company name allows its holder to proceed to further available processes.

COMPANY KIND

The company kinds vary with respect to their role in the corporate sector and each kind/type has attached to it various requirements which are required to be fulfilled for further incorporation with SECP. These requirements are in terms of the composition of its board of directors/members, the organizational arrangement and the services which the company will render. A drop down list having different company types is present with the use of which a desired type is selected during the course of the company name reservation process.

BANK BRANCH

A list of designated bank branches in major cities of Pakistan is made available here for the client to select from. These bank branches are designated for collecting the compulsory fees against various processes under the Companies Ordinance. The Fees are paid through challan at the designated bank branch and submitted at the selected CRO.

APPLICANT INFORMATION

A detailed input about the client is provided in this section which includes his/her Name, CNIC, Telephone, Address and Email information.

ATTACH DOCUMENTS

A successful and complete data entry at Company Name Reservation Form will take the client to a new page where “Sign form” option is available. This page includes a list of Client’s filled and unfilled documents. Following proceedings can be chosen from here;

·         Modification (if required) regarding previous steps can be made by clicking at the provided links.

·         A New document can be attached. eServices will require the attachments to be in PDF format only unless any other format is especially specified along with the attachment field.

·          Bank Challan is attached and submitted. 

 

 

 

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Firm Registration

By Amreen Malik on February 6, 2019

Call Now: +92(312)5510221

Firm Registration

Two or more partners can form a firm in line with the provisions of Partnership Act, 1932 for starting a business in Pakistan. In order to register a firm, here is the step-by-step process:

Step-by-Step Process

·         Complete your documents as mentioned in the below section

·         Download the application form (Form-I) and fill it properly

·         Prepare a Partnership Deed on a Stamp Paper of Rs. 1000/-

·         Submit registration fee i.e. Rs. 1000/- in the National Bank of Pakistan (NBP) through a Challan Form under the Head of Account: C-03545

·         Prepare an affidavit regarding accuracy of papers and existence of office on a stamp paper of Rs. 5/-

·         Visit Industries Department located in ICT Agriculture Complex, Mauve Area, G-11/4, Islamabad to submit your application along with documents

·         All the Partners / Witnesses would be required to appear in person along-with their original valid CNIC before the Registrar of Firms from Monday to Friday between 10:00 AM to 12 Noon.

·         The partners should contact this office after three days of submission of papers

·         Collect your Certificate on the date provided by our representative

Documents Required

·         Form-I

·         Partnership Deed on a Stamp Paper of Rs. 1000/-

·         Receipt regarding submission of Registration Fee in NBP

·         Affidavit on a Stamp Paper of Rs. 5/-

·         Copy of lease agreement / ownership of the office address alongside a copy of a utility bill (Office of the Firm should be in Commercial Area)

·         Copy of Computerized valid N.I.C of all the Partners and Witnesses.

Note: All the papers should be attested from Notary Public

 

ADDITIONAL REQUIREMENTS FOR PARTNERSHIP BUSINESS

1.      National tax Number from Federal Board of Revenue

2.       Bank Account in the name of Business.

3.      Accounting records of partnership business properly maintained profit and loss account and balance sheet.

4.      Advance Payment of Income tax as required under the provisions of the Income Tax Ordinance, 2001

 

5.      Registration from any other authority if required under any law of the business to be undertaken.

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7 Simple Steps to Register Company in Pakistan (2019)

By Amreen Malik on February 6, 2019

Doing business in Pakistan is certainly a huge opportunity which no one should miss, a country with 200 million people, more than 60% is youth, But, it’s not always convenient when anything comes down to working with Government offices and dealing with all sorts of “Sarkari” people. if you know what i mean 😉

Since, it’s confusing and deeply concerning because starting a business is not, and should not be taken lightly. And unluckily there is not much information available on the internet about company registration in Pakistan. So, we have compiled all the key information that you need to know to legally start a new business or to register a new company anywhere in Pakistan.

General Information

Types of Companies

There are few type of companies and its critical to take an informed decision.

  • Sole Proprietor
  • Partnership
  • Private Limited
    • SMC (Single Member Company)

SECP (Securities Exchange Commission of Pakistan)

SECP is regulatory authority for Private Limited (also known as Pvt. Ltd. or limited company) registration. Recent governments has improved the process to ease company registration but whenever government do something is not always truly* beneficial for you if you are not well informed or didn’t had expert advice on the subject.

Company Registration/Incorporation are regulated under Companies Ordinance 1984.

According to SECP

 “A company is a corporate body with separate legal entity and a perpetual succession. A company may be formed by persons associating for any lawful purpose by subscribing their names to the Memorandum and Articles of Association and complying with other requirements for registration of a company under the provisions of the Ordinance”.

3 types of Companies According to the Companies Ordinance, 1984

  • A company limited by shares

  • A company limited by guarantee

  • An unlimited liability company

Below are the necessary steps for Formation, Incorporation and Registration of a Company in Pakistan

Contact SA Consulting

Call Now: +92(312)551 0221

SA Consulting helps entrepreneurs and businesses of sizes to register a new business and support in partnerships, process engineering, management consulting and other consulting assignments.

Step 1. Company Name Reservation / Registration

Choose a Great Company Name

First step is to look for company name availability and you always start from a great name and there few key thing which should not be overlooked;

What’s the Big Deal with Company Name?

Company Name is first thing that people know about your business and always remember

“First Impression is the Last Impression”

And how you render your service or deliver your products its matters greatly. A good company name can position your business amazing well or it can also turn your company into ultimate failure. So, your company’s bright future requires a well thought out Great Name.

  • Think about your Customers first

Always try to find a Company Name which is self explanatory to your Customers and can communicate about your product / service and confidence.

  • Respond with emotional level

A business is great which can engage people with happiness as human’s ultimate to be happy just always wins.

  • Long and confusing names are just not fit for your business
  • Never use names that only you or your family & friends can understand
  • Never use the word “Pvt. Ltd.” in the end of your Company Name unless your company is registered with SECP

Come up with the name which is creative, concise, reflect your core business, attract your potential customers, relate to to people.

Or Call Us to Help you with name and every step to get you started.

Once you have a great name for your business it’s time to check for name availability with SECP. In theory, it’s a simple process but making it work in real life can be little challenging because mostly it depends on the mindset of the on duty officer to approve certain names.

Marketed names are often Trademarks and marketed name can differ from your legally registered Company Name.

Prohibition of certain names

(1) Subject to section 10 of the Act, the following words and combinations thereof shall not be used in the name of a company in English or any of the languages depicting the same meaning

(i) Federal Government, Provincial Government, Name depicting association with any foreign government, Name suggesting association with any political personality, Commission, Authority, Register or Registered, Co-operative, Bureau, Division, Department, Undertaking, Municipal, Union, Republic, Nation, President, Governor, Prime Minister, Chief Minister, Minister, Cabinet, Senate, National Assembly, Parliament/ Parliamentary, Statute/ Statutory, Court/ Judiciary/ Judge, Administrator.

(ii) Names of International bodies and abbreviations thereof including, but not limited to, United Nations, South Asian Association for Regional Cooperation, Organization of Islamic Page 3 of 22 Conference, World Bank, International Finance Corporation, Asian Development Bank, Islamic Development Bank, International Monetary Fund, Red Cross, Red Crescent. Provided that the Commission may allow any of the above names under special circumstances on the request of any government or authority.

Subject to section 10 of the Act,

the following words and combinations thereof may only be used in the name of a company subject to the criteria mentioned in each case,

(i) Association or Foundation – In case of companies to be established on grant of license by the Commission under section 42 of the Act or which are licensed by the Directorate General of Trade Organizations under the Trade Organizations Act, 2013.

(ii) Fund – In case of a public sector company, a trade organization, a Non-Banking Finance Company to be established to undertake asset management services or private equity and venture capital fund management services subject to prior approval of the Commission or a company to be established on grant of license by the Commission under section 42 of the Act. (iii) Council – In case of a company to be established on grant of license by the Commission under section 42 of the Act. Moreover, this expression may also be allowed to Sports Association, Trade Organization or a Professional Body.

(iv) Chamber – In case of an entity which is to be established as a Trade Organization under Trade Organizations Act, 2013.

(v) Trust – In case of Non-Banking Finance Company to be established to undertake REIT management services or asset management services subject to prior approval by the Commission.

(vi) Society – In case of a company if proper justification is provided to the satisfaction of the registrar.

(vii)Assurance/Assurer/Insurance/Insurer/Re-Assurance/Re-Assurer/Re-Insurance/Re-Insurer – In case of companies to be established to undertake business of Insurance, Assurance, Reinsurance and Re-assurance subject to prior approval of the Commission.

(viii) Board – In case of a company desirous to engage in the business of Paper and/or Board or to public sector companies.

(ix) Bahria/Askari/Fauji/Fazaiya/Cadet/Armed Forces or Forces/Army/Navy/Air Force/Shaheen/Military/Defence – In case of companies to be established by the relevant agency.

(x) Bank/Banking/Banker – In case of companies to be established to undertake banking business subject to prior approval of State Bank of Pakistan or an investment bank subject to prior approval of the Commission.

(xi) Charter/Chartered – In case of companies having charter from the sovereign authority of the Federation or the Province.

(xii) Corporation – In case of companies where proper justification is submitted to the satisfaction of registrar.

(xiii) Exchange/Bourse – In case of Securities Exchange, Commodity Exchange, Mercantile Exchange and Exchange Company, subject to prior approval from the relevant authority.

(xiv) Familiar Trade Names or Brand Names – In case of a company where permission of familiar trade name or brand name user is provided or proper documentary evidence of ownership/ use of trade name or brand name is furnished by the applicant to the satisfaction of the registrar.

(xv) Famous/Distinct Personalities – In case of a company where proper justification is submitted to the satisfaction of registrar.

(xvi) Federation – In case of a company licensed under section 42 of the Act or trade bodies under Trade Organizations Act, 2013.

(xvii) Federal – In case of a company where it has a connection with or patronage of the Federal Government subject to prior approval of the Commission.

(xviii) Province/Provincial/Sindh/Punjab/Baluchistan/Khyber Pakhtunkhwa or KPK/FATA/Gilgit Baltistan or FANA/ Azad Jammu & Kashmir or AJK. In case of a company where it has a connection with or patronage of the concerned Government subject to prior approval of the Commission.

(xix) Group – In case of a company where this word implies several companies under single corporate ownership and applicants have to provide evidence of subsidiary/associate relationship with two or more companies.

(xx) Holding – In case of a company where it qualifies to be a holding company as defined in clause 37 of sub-section (1) of section 2 of the Act to the satisfaction of the registrar.

(xxi) Institute/Institution – In case of a company where it has submitted proper justification to the satisfaction of the registrar.

(xxii) Finance, Financial, Investment Finance, Investment Advisory, Leasing, Asset Management, Housing Finance, Modaraba, Venture Capital, Private Equity – In case of Non-Banking Finance Company, investment company, Modaraba company, brokerage house subject to prior approval by the Commission. In case of any public sector financial institution subject to prior approval by the Commission or State Bank of Pakistan, as the case may be.

(xxiii) Name of Company containing country name or nationality other than Pakistan – In case of the companies where appropriate justification is submitted to the satisfaction of the registrar. (xxiv) Name of Company containing names of two countries i.e., Pakistan/Pak and any other foreign country – In case of companies where documentary evidence is provided to the satisfaction of the registrar to support the fact that the company is a Joint Venture of two Governments or companies of two countries.

(xxv)New/Modern/The/Al/International/Company/Co./Inc./Firm/Partnership/LLP/LLC/Proprietor/ Enterprise/Mills/Factory – In case of a company where proper justification is submitted to the satisfaction of the registrar. However, these expressions will not be acceptable if used to make proposed company name distinctive from existing companies. (xxvi) State – In case of public sector companies.

(xxvii) University – In case of University Management Company for the management of University in terms of guidelines of Higher Education Commission.

(3) The name shall be considered undesirable,

if— (i) it includes the name of a registered trade mark or a trade mark which is subject of an application for registration, unless the consent of the owner or applicant for registration of the trade mark, as the case may be, has been obtained and produced by the promoters;

(ii) it includes any word or words which are offensive to any section of the people;

(iii) it is identical with or resemble or similar to name of Limited Liability Partnership registered under the Limited Liability Partnership Act, 2017; (iv) any other word which in the opinion of registrar is undesirable.

Online Company Name Search

To check if your decided company name isn not already taken or you need to check Company Name with SECP. Fortunately SECP has online Company Name Search option. And you can do this right now.

  1. Go to https://eservices.secp.gov.pk/eServices/NameSearch.jsp

2. Type your company name (Whatever name you want for your company)

3. If there is no company with your searched name and it also comply with above described SECP regulations. You are all set.

IMPORTANT: SECP requires you to at least propose 3 options for your company.

In our last 20 years of experience, we have dealt with various complicated cases sometime SECP disapprove your proposed certain choices and in other case they tend to approve exactly same type of names. Well, it’s dicey.

Apply for Company Name Reservation / Registration

To apply for Company Name reservation or registration you can go to online and do it by yourself.

IMPORTANT

  • Never try to use any other browser but Internet Explorer (Not Microsoft Edge)
  • Process submission does not work with Internet Explorer (it works with Safari 8)
  • Chrome simply doesn’t work
  • Never call there technical helpline (NIFT) they just doesn’t have clue what are they up to.

You can go to any SECP Office and work your way out or you can be smart and let professionals do their job.

Contact Us and our professional team will help you register you company, open company bank account, register NTN number and take care of all the legal concerns.

But, if you still want to do it yourself here’s how you do it.

You can pay fee for Company Registration by creating manual challan from this Challan link. (Use Internet Explorer, Download link)

And submit it with an application for company registration at the designated branches of MCB or UBL in Pakistan.

Step 2. Form 1 - Declaration of Compliance

Download form this link, fill in all the required information.

Step 3. Form 21 - Office Address for Official Communication with SECP

Download form this link, fill in all the information.

Identification of office’s location (Electricity Bill, Office Rent Agreement)

Step 4. Form 29 - Information about all the Directors / Subscriber / Other

CNIC / NICOP photocopies of all directors/ subscribers / chief executive officer / nominee (for single member company)/authorized representative or copies of Passport in case of a foreigner.

Step 5. NOC / Foreign Company (If Applicable)

  • NOC (If applicable) – NOC/ Letter of Intent/ License (if any) of the relevant regulatory authority in case of a specialized business, such as logistics, import export, other.
  • For Foreign Company (If applicable) – In case the subscriber is a foreign company, the profile of the company, detail of its directors, their nationality and country of origin, certified copy of its charter (certified copies can be obtained from respective regulatory authority), statute or memorandum and articles etc.

Step 6. Memorandum of Association (MoA) & Article of Association (AoA)

  • Copies of  the Memorandum and Articles of Association with each member’s signature.

Memorandum of Association (MOA) explains the business industry of your company e.g. Ceramics, Institution, Travel agency, Trading or manufacturing, Consulting, Supply or chain of stores. In simple words MOA is the details of yours company with its clients. And developing an Memorandum of Association which covers your core business as well as all the future prospects is important thing for every business.

Articles of Association (AOA) is the details about the day-to-day proceedings within the company i.e.  roles CEO and directors, business concerned meetings, HR etc. in short- how the company will run. And Memorandum of Association is required to be in compliance with Article of Association (AOA).

Step 7. Submit all Document (Online / Offline)

If you have completed all the documents you can apply through Online or Offline, the only difference Online and Office are following;

Pros & Cons of Online and Offline Methods

 

No.

Pros

Cons

1.

You have online access to your official company information.

Online services are often down or have technical problems.

2.

All your communication will be received at your email address and its easier to stay updated.

You will have to stay active with email communication and always check spam folder because mostly SECP email marked as Spam.

3.

Less fee of company name reservation challan and other processes.

There is No problem with paying less.

4.

You can sign your documents / requests online. (Extremely valuable for companies with director in different regions or always on the move)

Only certain versions of Internet Explorer support these java Applets and its hassle to make it work.

5.

Information transparency between directors about company status or other affairs.

For companies with many directors or variant roles or business arrangements, sometime this feature does more damage than good.

 

 

No.

Pros

Cons

1.

Known process by the existing people, your staff and SECP staff.

Many old staff members at SECP also lack understanding about online registration process and its dynamics. So, at times it becomes tricky to deal with them.

2.

There is nothing good paying more fee.

You pay extra fee on Company Name reservation and other processes.

3.

Documents trail stay intact and aligned because everything is processed manually.

Nothing is in the air.

Official communication (with SECP) can be delayed because of manual delay in post service or otherwise. Or due to negligence of any staff member

After the completion of submission of documentation at SECP and if every goes fine (theoretically speaking) the applicant should receive the Certificate of Incorporation/Registration issued by SECP.

After receiving the Company Incorporation/Registration Certificate, a private limited company can start your business legally.

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Hina Mahboob

By Team Janbaaz on January 31, 2019

Call Now: +92(312)551 0221

Interior Designer & Decoration Artist working in Pakistan. Already working with various national & international organizations. With the team of over 50 people including architects, designers, civil engineers and construction staff serving their clients in Islamabad, Rawalpindi, Lahore, Karachi. Also working on International projects in Dubai, Qatar and Bahrain.

SERVICES

Interior Design

We are known for creating original residential and commercial interiors that honor the identity, history, and surroundings of their clients. With an emphasis on art, architecture, and eclectic modernism, the firm cultivates every project as a partnership.

Design & Decoration

Our services include color consultation, remodeling, space planning, custom window coverings, lighting, textiles, wallpaper, furniture selection, custom furniture design, and fine art consultation, among others. 

Residential Project

We specialize in contractor ready design drawings, interior renovations, furniture layout and purchasing, tiling, lighting plans, and soft furnishings. The firm’s portfolio showcases clean, modern lines, balanced color and texture combinations, and attention to light.

Call Now: +92(312)551 0221

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