Incorporation Of Company-1984

Procedure for incorporation of a company under company ordinance 1984 of Pakistan.

Commonly there are two stages involved in incorporation of a company under the company ordinance 1984. Which are explained / stated below:

Stage 1:

In this stage, the availability of name for the company is checked with the concerned registrar under the section 37 of company ordinance 1984. The procedure for obtaining the name a letter is provided. Name availability can also be checked at the website of Security and exchange commission of Pakistan (SECP).

Stage 2:

In stage, all the required documents are prepared and filled with the concerned registrar. In stage there are two steps, which are explained below:

Step 1:

In the first step Documents especially Memorandum and Articles of Association are prepared.

Step 2:

In the second step all the required documents are filed. Which are explained in details below:

• Usually four or five copies of Memorandum and Articles of association are prepared duly signed by the subscriber and witness should be submitted. One copy of the document is affixed with adhesive stamp which is called Original copy. Along with the original copy three other copies are provided to registrar.
• Form 1: Form 1 is submitted, which consist of declaration of compliance.
• Form 21: Form 21 is submitted, which consist of the company location / address. The form should be submitted within 28 days.
• Form 27 / 28:  In case of public company, these forms are submitted, which are contains of list of directors to act as directors.
• Form 29: In form 29 Particulars of directors are submitted. This form should be submitted within 14 days.
• Form S1: In case of single member company, this form is submitted for nomination of director.
• In case of Financial Institution, Letter of Intents (LOI) or No Objection Certificate (NOC) issued by Ministry of Finance or SECP should also be submitted.
• A copy of Power of Attorney duly signed by subscriber to authorize the representative and to make any amendment or alterations in Memorandum and other document if required. The power of Attorney must be attested by notary public.
• Copy of the letter of availability of name for the company (in Stage 1) issued by registrar should be submitted.
• Copies of CNIC / Passport etc. of the subscriber should be submitted.
• Bank Challan of registration and filling fee of documents should also be submitted.

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