Any two or more persons associated for lawful purpose may, by subscribing their names to the Memorandum of Association and complying with the requirements of the Ordinance form a public company and any one or more persons so associated may, in like manner, form a private company. If only one member forms a private company, it is called a single member company.
Following are the requirements for registration of a new company under the Companies Ordinance, 1984: –
Availability of Name
The first step with regard to incorporation of a company is to seek the availability of the proposed name for the company from the registrar.
It is highly recommended that the at least four to five names may be suggested in order to save the time for back-and-forth communication from SECP to the client.
Documents for Registration of a Company
The following documents are required to be filed with the registrar concerned for registration of a private limited company: –
- Copy of national identity card or passport, in case of foreigner, of each subscriber and witness to the memorandum and article of association
- Memorandum and articles of association:
Four printed copies of Memorandum of Association in case of offline submission and one copy for online submission, duly signed by each subscriber in the presence of one witness. In order to facilitate general public, the standardized specimens of Memorandum of Association of various sectors have been provided on the Commission’s website.
- Form – 1: Declaration of applicant for compliance
- Form – 21: Notice of situation of registered office of the company
- Form – 29: Particulars of first directors of the company
- Registration/ filing fee: Original paid challan evidencing the payment of fee as prescribed
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