Incorporation of Private Limited Company

Here’s a comprehensive guide to the process:

1. Name Reservation:

• • Proposed Name: Choose a unique name for the company. The name should not be identical or similar to any existing company name.
  • Online Application: Submit an online application for name reservation through the Securities and Exchange Commission of Pakistan (SECP) e-Services portal.
  • Approval: Once the name is approved, it will be reserved for a period of 90 days.

2. Preparation of Documents:

• • Memorandum of Association (MOA): Draft the MOA, which sets out the company’s objectives and scope of activities.
  • Articles of Association (AOA): Prepare the AOA, which outlines the internal rules and regulations governing the company’s operations and management.
  • Form A: Complete Form A, which includes details of the company’s directors, registered office address, share capital, and other relevant information.

3. Submission of Documents:

• • Online Filing: Submit the required documents, including the MOA, AOA, Form A, and other statutory documents, through the SECP e-Services portal.
  • Payment of Fees: Pay the prescribed fee for company registration and other applicable charges.

4. Verification and Approval:

• • SECP Review: The SECP will review the submitted documents and verify the information provided.
  • Approval: Upon satisfactory review, the SECP will issue a Certificate of Incorporation, confirming the registration of the company.

5. Post-Incorporation Requirements:

• • Tax Registration: Obtain a National Tax Number (NTN) and register for sales tax (if applicable) with the Federal Board of Revenue (FBR).
  • Opening Bank Account: Open a bank account in the company’s name and deposit the minimum required share capital.
  • Company Seal: Obtain a company seal for official use in signing documents.
  • Board Meeting: Hold the first board meeting of the company to appoint officers, approve financial statements, and undertake other necessary actions.
  • Compliance: Ensure compliance with ongoing regulatory requirements, such as filing annual returns, maintaining statutory registers, and holding regular meetings.

6. Optional Steps:

• • Trademark Registration: Consider registering the company’s trademark to protect its intellectual property.
  • Patent or Copyright Registration: If applicable, apply for patents or copyrights to protect unique inventions or creative works.

Documents Required:

1. Memorandum of Association (MOA)
2. Articles of Association (AOA)
3. Form A
4. Proof of Registered Office Address
5. CNIC/NICOP of Directors
6. Form 1 (Declaration of Compliance with the Provisions of the Companies Ordinance, 1984)
7. Payment of Fees

Fees and Charges:

• The registration fee for incorporating a private limited company varies depending on the authorized share capital.
• Additional charges may apply for name reservation, filing of documents, and other services.

Timeframe:

• The entire process of incorporating a private limited company in Pakistan typically takes around 10 to 15 working days, subject to the timely submission of documents and approval from the regulatory authorities.