REGISTRATION OF COMPANIES
Karachi Tax Bar Association
In Collaboration with
Securities & Exchange
Commission of Pakistan (SECP)
Workshop on Corporate Laws
Contact Address:
4th Floor, Central Hotel Building
Mereweather Road, Karachi
Phone: 021 – 35644872-7
Fax: 021 – 35694573
E-mail: [email protected]
10th December, 2011
Presented by:
Naeem Mahmood
Senior Manager
FORM OF BUSINESS IN PAKISTAN
SOLE PROPRIEOTRSHIP CONCERN
PARTNERSHIP CONCERN UNDER PARTNERSHIP ACT 1932
COMPANY UNDER THE COMPANIES ORDINANCE, 1984
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REGISTRATION OF COMPANIES UNDER
COMPANIES ORDINANCE, 1984
COMPANIES LIMITED BY SHARES

PRIVATE

PUBLIC

SINGLE MEMBER
ASSOCIATION NOT FOR PROFIT

GRANTED LICENCE UNDER SECTION 42 OF THE COMPANIES
ORDINANCE, 1984
3
REGISTRATION OF COMPANIES UNDER
COMPANIES ORDINANCE, 1984
Contd….
COMPANIES LIMITED BY GUARANTEE

UNDER SECTION 43 OF THE COMPANIES ORDINANCE, 1984
NON-BANKING FINANCE COMPANIES

UNDER SECTION 282C OF THE COMPANIES ORDINANCE, 1984
EXCHANGE COMPANY

LICENCING UNDER CHAPTER II OF FOREIGN EXCHANGE MANUAL OF SBP
4
REGISTRATION OF PRIVATE LIMITED COMPANY
AVAILABILITY OF NAME
OBTAINING DIGITAL SIGNATURE CERTIFICATES FROM NIFT
FILING OF DOCUMENTS WITH COMPANY REGISTRATION OFFICE
CERTIFICATE OF INCORPORATION
POST INCORPORATION COMPLIANCES
5
REGISTRATION OF PUBLIC LIMITED COMPANY
AVAILABILITY OF NAME
OBTAINING DIGITAL SIGNATURE CERTIFICATES FROM NIFT
FILING OF DOCUMENTS WITH COMPANY REGISTRATION OFFICE
CERTIFICATE OF INCORPORATION
POST INCORPORATION COMPLIANCES
CERTIFICATE OF COMMENCEMENT OF BUSINESS
6
REGISTRATION OF SINGLE MEMBER COMPANY
AVAILABILITY OF NAME
OBTAINING DIGITAL SIGNATURE CERTIFICATE FROM NIFT
FILING OF DOCUMENTS WITH COMPANY REGISTRATION OFFICE
CERTIFICATE OF INCORPORATION
POST INCORPORATION COMPLIANCES
7
REGISTRATION OF ASSOCIATION NOT FOR
PROFIT GRANTED LICENCE UNDER SECTION 42
OF THE COMPANIES ORDIANCE, 1984
OBJECTS
IT IS ESTABLISHED FOR THE PROMOTION OF ANY OR ALL OF THE
FOLLOWING OBJECTS:








COMMERCE
ART
SCIENCE
RELIGION
SPORTS
SOCIAL SERVICES
CHARITY
ANY OTHER USEFUL OBJECT
8
REGISTRATION OF ASSOCIATION NOT FOR
PROFIT GRANTED LICENCE UNDER SECTION 42 OF THE
Contd….
COMPANIES ORDINANCE, 1984
AVAILABILITY OF NAME
LICENCE UNDER SECTION 42 OF THE COMPANIES ORDINANCE,
1984 FROM SECP
OBTAINING DIGITAL SIGNATURE CERTIFICATES FROM NIFT
REGISTRATION OF ASSOCIATION NOT FOR PROFIT GRANTED
LICENCE UNDER SECTION 42 OF THE COMPANIES ORDINANCE,
1984 WITH COMPANY REGISTRATION OFFICE
CERTIFICATE OF INCORPORATION
POST INCORPORATION COMPLIANCES
9
REGISTRATION OF COMPANIES LIMITED BY GUARANTEE
UNDER SECTION 43 OF THE
Contd….
COMPANIES ORDIANCE, 1984
AVAILABILITY OF NAME
OBTAINING DIGITAL SIGNATURE CERTIFICATES FROM NIFT
FILING OF DOCUMENTS WITH COMPANY REGISTRATION OFFICE
CERTIFICATE OF INCORPORATION
POST INCORPORATION COMPLIANCES
CERTIFICATE OF COMMENCEMENT OF BUSINESS
10
NON-BANKING FINANCE COMPANIES
TYPES OF SERVICES THAT FALL UNDER THE DOMAIN OF NONBANKING FINANCE SERVICES INCLUDE THE FOLLOWING:







INVESTMENT FINANCE SERVICES
LEASING
HOUSING FINANCE SERVICES
VENTURE CAPITAL INVESTMENT
DISCOUNTING SERVICES
INVESTMENT ADVISORY SERVICES
ASSET MANAGEMENT SERVICES.
ANY OTHER FORM OF BUSINESS WHICH THE FEDERAL
GOVERNMENT MAY, BY NOTIFICATION IN THE OFFICIAL GAZETTE
SPECIFY FROM TIME TO TIME.
11
MINIMUM EQUITY REQUIREMENT FOR NBFC
FOR FRESH LICENCE
FORM OF BUSINESS
INVESTMENT FINANCE SERVICES
MINIMUM EQUITY REQUIREMENT FOR
FRESH LICENCE
Rs. 1,000 Million
LEASING
Rs. 700 Million
HOUSING FINANCES SERVICES
Rs. 700 Million
INVESTMENT ADVISORY SERVICES
Rs. 30 Million
ASSET MANAGEMENT SERVICES
Rs. 200 Million
12
REGISTRATION OF NON-BANKING FINANCE
COMPANIES UNDER SECTION 282C OF THE
COMPANIES ORDINANCE, 1984

AVAILABILITY OF NAME

PERMISSION TO FORM A NBFC FROM SECP

OBTAINING DIGITAL SIGNATURE CERTIFICATES FROM NIFT

REGISTRATION OF NBFC WITH COMPANY REGISTRATION OFFICE

CERTIFICATE OF INCORPORATION

POST INCORPORATION COMPLIANCES

LICENCE FROM SECP

CERTIFICATE OF COMMENCEMENT OF BUSINESS
13
REGISTRATION OF EXCHANGE COMPANY
OBJECTS
AUTHORIZED TO DEAL IN FOREIGN CURRENCY NOTES, COINS, POSTAL
NOTES, MONEY ORDER, BANK DRAFTS, TRAVELLER CHEQUES AND
TRANSFERS
PROHIBITION
THE EXCHANGE COMPANIES WILL BE PROHIBITED TO ENGAGE IN ANY
OTHER ACTIVITY SUCH AS DEPOSIT TAKING, LENDING ETC., DIRECTLY OR
INDIRECTLY
MINIMUM AUTHORIZED AND PAID-UP CAPITAL
THE MINIMUM AUTHORIZED AND PAID-UP CAPITAL OF THE COMPANY
WOULD BE RS. 200 MILLION AND RS. 100 MILLION RESPECTIVELY. PAID-UP
CAPITAL OF THE COMPANY WILL HAVE TO BE INCREASED TO RS. 200
MILLION WITHIN 3 YEARS FROM THE DATE OF INCORPORATION
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REGISTRATION OF EXCHANGE COMPANY
Contd….

AVAILABILITY OF NAME

OBTAINING NOC FROM STATE BANK OF PAKISTAN

OBTAINING DIGITAL SIGNATURE CERTIFICATES FROM NIFT

REGISTRATION OF EXCHANGE COMPANY WITH COMPANY
REGISTRATION OFFICE

CERTIFICATE OF INCORPORATION

ISSUANCE OF LICENCE FROM STATE BANK OF PAKISTAN

COMMENCEMENT OF BUSINESS

POST INCORPORATION COMPLIANCES
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Karachi Tax Bar Association In Collaboration with Securities