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Posts tagged as Bahria/ Askari/ Fouji/ Fazaiya/ Cadet

Types of Companies in Pakistan

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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