COMPANY REGISTRATION

The company registration is administered and regulated by The Companies Act 2017 and The Companies
Incorporation Regulations 2017. The body responsible for the administration of the entire company
registration and incorporation process is known as the Securities & Exchange Commission of Pakistan
(SECP). The company registration is administered by Security and Exchange Commission of Pakistan (SECP)
through The Companies Act, 2017 which was legislated on 30th May 2017. Prior to the introduction of the
Companies Act 2017, the company registration was done under the Companies Ordinance 1984.
The Companies Act 2017 is passed to restructure the company registration and operation laws in Pakistan.

The Company registration and all over Pakistan can be of following types

Private Limited Company

private company is formed by one or more persons as per the requirements of the Companies Act 2017.
Single Member Company – SMC:
Single Member Company is also a form of Private Limited Company which can be formed by only one
member. Hence it is called as SMC Private Limited.

STEP BY STEP GUIDE FOR COMPANY REGISTRATION IN PAKISTAN

Step 1- The Availability and Approval of Company Name:

The company registration  is initiated with the approval of company name. The applicant will propose three
names, out of which the registrar would approve one available name. This name will be mentioned in all the
company documents. It seems to be a simple task, but there are certain guidelines which are to be followed
while choosing the company name. Furthermore, referred to Section 10 of the Companies Act, 2017 and
Regulation 4 of the Regulations, there are some restrictions and prohibitions imposed which the applicants
have to take into consideration while choosing the name of their company.

Step 2- Documents Required for Company Registration, Pakistan:

The next step of company registration is the submission of required documents. The following documents
are required to be submitted to SECP by the applicant for the company registration.
• Memorandum & Articles of Association
• CNIC copies of the company members
• The company profile, information about company directors (including their nationality), charter certified
copy, memorandum & articles are required in case of the foreign company
• The documents filing authorization by the members
• Registration/filing fee: Original Bank Challan as an evidence that the company registration fee has been
paid in MCB or UBL designated branches.

Step 3: Certificate of Incorporation

After completion of the above steps of company registration, a Certificate of Incorporation will be issued to
the business owner.

Step 4: Start your Business in Karachi

The private limited company or single member company (SMC) can start its operation after receiving the
Certificate of Incorporation by SECP.