Name Reservation and Company Incorporation
First step towards incorporation of a company is to submit an online or ofﬂine application for the reservation of Company’s name and incorporation of the company. Three names are to be proposed. The registrar would allow a name available, which will be included in the incorporation documents.
When choosing the name of the company refer to Section
10 of the Companies Act, 2017 (the “Act”) and Regulation 4 of the Regulations for prohibitions/ restrictions on certain company names. You can conduct company name search free of cost through the “Company Name Search Section”, available on SECP’s website.
Incorporation documents include:
- Memorandum and Articles of Association (prefer samples available on SECP’s website for different sectors)
- Copies of CNIC/NICOP of the subscribers/ directors/ chief executive ofﬁcer/ nominee (for single member company)/authorized representative or copies of Passport in case of a foreigner
- NOC/Letter of Intent/ License (if any) of the relevant regulatory authority in case of specialized business
- 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, statute or memorandum and articles
- Authorization for ﬁling of documents by the subscribers
- Registration/ Filing Fee
In case of a small company having nominal share capital not exceeding Rs.100,000, total incorporation fee is Rs. 1,800 for online submission and Rs. 3,500 for ofﬂine submission.
In case the subscriber/entrepreneur intends to obtain name availability ﬁrst and then submit the incorporation documents, separate applications can be submitted as outlined in the Regulations.
Get a Certificate of Incorporation
The subscriber/entrepreneur will receive a Certiﬁcate of Incorporation issued electronically or in physical form.
Start your business
Once the certiﬁcate of incorporation is received, a private company /single member company can start its function. A public company can start its business after a duly veriﬁed declaration (as per the format provided in the Companies (Compliance and Reporting) Regulations, 2017) regarding compliance with the conditions speciﬁed in Section 19(1) of the Act has been ﬁled by the chief executive / one of its director and the secretary and the same has been accepted and registered by the registrar.