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Select desired incorporation type.

Select desired incorporation company type.

Company Life Cycle

Why form a Company?

Being a regulated entity a Company enjoys a professional image and credibility in the eyes of its customers, suppliers, creditors and other stakeholders.

Company Incorporation Types

Single Member Company (SMC)

Single Member Company

One person may form a single member company by complying with the requirements in respect of registration of a private company and such other requirement as may be specified. The subscriber to the memorandum shall nominate a person who in the event of death of the sole member shall be responsible to:

  • Transfer the shares to the legal heirs of the deceased subject to succession to be determined under the Islamic law of inheritance and in case of a non-Muslim members, as per their respective law; and
  • Manage the affairs of the company as a trustee, till such time the title of shares are transferred.

Incorporation Process

Company incorporation may be completed in a TWO STEP PROCESS or a COMBINED PROCESS.

TWO STEP PROCESS:

  • 1st Step: Name Reservation
  • 2nd Step: Company Incorporation.

Both steps can be completed online as well as offline.

COMBINED PROCESS (available online only):

Where you submit application for Name Reservation and Incorporation simultaneously. In this process Memorandum of Association and Articles of Association are generated automatically.

What do you need?

  • A suitable Company Name.
  • Principle Line of Business of the Company.

  • Registered Office Address.
  • Subscriber.
  • Memorandum of Association: It is a basic constitutive document for company formation. It includes five clauses defining: Company Name, Location of registered office, Principle line of business, limited liability of company and its authorized capital. Samples available on this link.

  • CNIC copies of subscribers and in case of physical application, of witness to the documents.

  • Application forms for Name Reservation (Inc.-Form I) and Incorporation (Inc.-Form II) prescribed through Companies (Incorporation) Regulations, 2017.

Private Limited Company

Private Limited Company

Two or more persons so associated may form a private limited company by complying with the requirements in respect of registration of a private company and such other requirement as may be specified.

Incorporation Process

Company incorporation may be completed in a TWO STEP PROCESS or a COMBINED PROCESS.

TWO STEP PROCESS:

  • 1st Step: Name Reservation
  • 2nd Step: Company Incorporation.

Both steps can be completed online as well as offline.

COMBINED PROCESS (available online only):

Where you submit application for Name Reservation and Incorporation simultaneously. In this process Memorandum of Association and Articles of Association are generated automatically.

What do you need?

  • A suitable Company Name.
  • Principle Line of Business of the Company.

  • Registered Office Address.
  • Subscriber/Shareholder (persons who will take shares of the company).
  • Directors (persons who will manage affairs of the company on behalf of the shareholders).
  • Memorandum of Association: It is a basic constitutive document for company formation. It includes five clauses defining: Company Name, Location of registered office, Principle line of business, limited liability of company and its authorized capital. Samples available on this link.

  • Articles of Association: A statutory document that specifies regulations for managing company’s affairs e.g. number of maximum directors, manner of transfer of shares, holding of board and general meetings etc.
  • CNIC copies of subscribers and in case of physical application, of witness to the documents.

  • Application forms for Name Reservation (Inc.-Form I) and Incorporation (Inc.-Form II) prescribed through Companies (Incorporation) Regulations, 2017.

Public Limited Company

Public Limited Company

Three or more persons associated for any lawful purpose may, by subscribing their names to a memorandum of association and complying with the requirements of this Act in respect of registration, form a public company.

Incorporation Process

Company incorporation may be completed in a TWO STEP PROCESS or a COMBINED PROCESS.

TWO STEP PROCESS:

  • 1st Step: Name Reservation
  • 2nd Step: Company Incorporation.

Both steps can be completed online as well as offline.

COMBINED PROCESS (available online only):

Where you submit application for Name Reservation and Incorporation simultaneously. In this process Memorandum of Association and Articles of Association are generated automatically.

What do you need?

  • A suitable Company Name.
  • Principle Line of Business of the Company.

  • Registered Office Address.
  • Subscriber/Shareholder (persons who will take shares of the company).
  • Directors (persons who will manage affairs of the company on behalf of the shareholders).
  • Details of the company’s share Capital – Authorized Capital(the maximum amount of share capital that a company is authorized to issue to its shareholders) and Paid Up Capital (the amount of money a company has received from shareholders in exchange for issued shares).
  • Memorandum of Association: It is a basic constitutive document for company formation. It includes five clauses defining: Company Name, Location of registered office, Principle line of business, limited liability of company and its authorized capital. Samples available on this link.

  • Articles of Association: A statutory document that specifies regulations for managing company’s affairs e.g. number of maximum directors, manner of transfer of shares, holding of board and general meetings etc.
  • CNIC copies of subscribers and in case of physical application, of witness to the documents.

  • Application forms for Name Reservation (Inc.-Form I) and Incorporation (Inc.-Form II) prescribed through Companies (Incorporation) Regulations, 2017.

Limited Liability Partnership

Limited Liability Partnership (LLP)

Two or more persons associated for carrying on a lawful business with a view to profit may form an LLP by subscribing their names to incorporation documents.

LLP means any written agreement between partners of limited liability partnership, which determines mutual rights and duties of the partners and their rights and duties in relation to the limited liability partnership.

Incorporation Process

Company incorporation may be completed in a TWO STEP PROCESS or a COMBINED PROCESS.

TWO STEP PROCESS:

  • 1st Step: Name Reservation
  • 2nd Step: Company Incorporation.

Both steps can be completed online as well as offline.

COMBINED PROCESS (available online only):

Where you submit application for Name Reservation and Incorporation simultaneously.

What do you need?

  • A suitable Name.

  • Principle Line of Business of the LLP.

  • Registered Office Address.
  • Partners.

  • Designated Partner(s) [Optional]: A person responsible for the doing of all acts as are required to be done by LLP in respect of compliance of the provisions of LLP Act.
  • Share of Contribution of Partners: Form and value of contribution will be decided by the partners and may consists of money, negotiable instruments, properties including valuable rights, intangibles, knowledge and skills.
  • Limited Liability Partnership Agreement defining the terms and conditions of the partnership as agreed between partners. Operations of LLP are managed in accordance with this agreement.
  • CNIC copies of partners and of designated partners and in case of physical application, of witness to the documents.
  • Consent of designated partner (if any).
  • Application Form for reservation of name (LLP Form-I) and incorporation of LLP (LLP-Form-III) prescribed through Limited Liability Partnership Regulations, 2017.

Compliance Requirements

Compliance Requirements

There are three types of compliance’s, a company requires after its incorporation.

  • Post Incorporation compliance.
  • Annual compliance.
  • Eventual compliance.

Post Incorporation

Following compliance requirements needs to be filed by a company post incorporation.

  • Filing of Form 1 reporting Receipt of subscription money by all companies.
  • Form 29 for appointment of Auditor by the companies having paid up capital more than 1 million.

Annual Compliance

Following compliance requirements needs to be filed by a company annually.

  • Filing of Annual Return (Form A) required by the companies whose capital is more than 3 million and reported changes in the company during the year.
  • Filing of Form B by Companies under section 42.
  • Form C by the Companies whose paid up capital is more than 3 million and have not reported any change during the year.

Eventual Compliance

Following compliance requirements needs to be filed by a company depending on the events.

  • Form 28 and 29 for changes in the management/ officers of the Company.
  • Form 7 and Form 26 for increase in Authorized capital of the company.
  • Form 3 for increase in Paid up capital of the Company.
  • Form 21 for change in address of the company.
  • Form 8 and Form 26 for change in the name of the Company.
  • Form 21, Form 5 and Form 26 for change in province of the Company.

Winding up a Company

Closure of Company

There are three modes the company can be wound up.

  • Winding up

  • Easy Exit

  • Struck off by Registrar

Winding Up

A company may be wound up through the following modes.

  • By Court
  • Voluntary Winding Up
  • By Supervision of Court

Easy Exit

A company which ceases to operate and has no known assets and liabilities, may apply to the registrar in the specified manner, seeking to strike its name off the register of companies on payment of such fee mentioned in the Seventh Schedule.

Struck off by Registrar

Where the registrar has reasonable cause to believe that a company is not carrying on business or is not in operation. He may, after complete compliance of Section 425 of the Companies Act, 2017 strike the Company name off the register, and publish notice thereof in the official Gazette, and, on the publication in the official Gazette of this notice, the company be dissolved.