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
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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
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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
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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 14
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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