PROCEDUR FOR INCORPORATION OF COMPANY

REQUIREMENT OF DOCUMENTS

1) CNIC OF EACH DIRECTORS AND SHAREHOLDERS

2) VISITING CARD FOR THE ADDRESS OF COMPANY HEAD OFFICE/REGISTERED OFFICE
3) MOBILE NO OF EACH DIRECTORS AND SHAREHOLDERS.

PROCEDURE OF REGISTERATION OF COMPANY

1) MAKE E-MAIL I.D/ADDRESS OF EACH DIRECTOR AND SHAREHOLDER IF NOT AVAILABLE

2) MAKE E-MAIL OF COMPANY NAME
3) MAKE SECP I.D OF EACH DIRECTORS AND SHAREHOLDER
4) LOGIN IN SECP SITE THROUGH ONE OF DIRECTOR SECP ID
5) CHOOSE NAME OF THE COMPANY ACCORDING TO SEC -10 OF COMPANY ACT 2017
6) CONFIRMATION OF CEO AND DIRECTORS OF THE COMPANY.
7) POSTING OF MAIN BUSINEES OF THE COMPANY ACTIVITY OF THE BUSINESS I.E PRINCIPLE LINE
OF BUSINESS
8) PUT RELEVAT INFORMATION OF EACH OF THE DIRECTORS AND SHARHOLDER i.e CNIC NO,
ADDRESS, NOR OF SHARE WITHHED, FATHER NAME ETC
9) CHOOSE NO OF AUTHORISE CAPITAL ACCORDING TO THE REQUIRED CAPITAL NEEDED FOR
COMPANY AND SHARE VALUE EACH
10) THEN SELECT CONTINUE FOR FURTHER FPRCESS
11) AOA AND MOA IS FORMED AUTOMATICALLY ACCORDING TO PRINCIPAL LINE OF BUSINESS

AFTER COMPANY REGISTERATION

1) MAKE COMPANY NTN

2) COMPANY NTN MUST REQUIRE DIRECTORS NTN
3) OPEN COMPANY BANK ACCOUNT (WITHIN 30 DAYS OF INCORPORATION) WHICH REQUIRE
COMPANY NTN
4) PUT PAID UP CAPITAL INTO COMPANY BANK ACCOUNT
5) RECEIVE BANK CHALAN OF PAID UP CAPITAL FROM BANK
6) THEN GIVE THE SLIP TO THE AUDITOR
7) AFTER RECEIVING THE SLIP. THE AUDITOR THEN GIVE SUBSCRIPTION CAPITAL CERTIFICATE.
WHICH PROVE THAT THE PAIDUP CAPITAL IS DEPOSITED IN THE BANK
8) THEN SUBSCRIPTION CAPITAL CERTIFICATE SUBMIT IN SECP WITHIN 45 DAYS
9) AFTER THIS THE REGISTERATION IS COMPELETE

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 10) THEN APPOINT THE AUDITOR WITH IN 90 DAYS

HOW TO OPEN COMPANY BANK ACCOUNT

TO MAKE COMPANY ACCOUNT WE NEED ALL THE DOCUMENTS WHICH ARE GIVEN BY
SECPWHICH ARE:
(1) SECP ANNEXURE, MOA (MANDATORY) AOA (NOT MANDATORY), CERTIFICATE OF
INCORPORATION, LETTERHEAD AND STAMP (COMPANY FULL NAM WRITTEN ON IT)

MEMORANDUM OF ASSOCIATION

THERE ARE SIX CLAUSES IN MEMORANDUM OF ASSOCATION

(1) CLAUSE NO 1:- IN THIS CLAUSE WE WRITE COMPANY NAME WITH KIND I.E SMC OR PRIVATE
LIMITED COMPANY, OR PUBLIC LIMITED COMPANY ACORDING TO “SEC 10” OF COPANY
ORDINANCE 2017
(2) CLAUSE NO 2:- IN THIS CLAUSE WE WRITE THE ADDRESS OF THE COMPANY, WE ONLY WRITE
THE PROVINCE IN WHICH THE COMPANY IS LOCATED
(3) CLAUSE NO 3:- THERE ARE 4 SUBCLAUSES IN CLAUSE NO 3 WHICH ARE
I. SUBCLAUSE 1:- PRINCIPLE LINE OF BUSINESS
II. SUBCLAUSE 2:- IN THIS SUBCLAUSE WE MENTION OTHER LAWFUL BUSINESS IN
WHICH THE CAN ALSO OPERATE
III. SUBCLAUSE 3:- IN THIS WE WRITE THAT THE BUSINESS CANT DO THIS LAWFULL
BUSINESS
IV. SUBCLAUSE 4:- THE BUSINESS CANT DO UNLAWFULL BUSINESS I.E MULTILEVEL
MARKET E.T.C
(4) CLAUSE NO 4:- LIABILITY OF THE COMPANY I.E IT IS LIMITED BY SHARE, OR BY GUARANEE, OR
UNLIMITED
(5) CLAUSE NO 5:- AUTHORISE SHARE CAPITAL, THAT THE COMPANY HAS THE AUTHORITY, TO
ISSUE THIS NO OF SHARES.
(6) CLAUSE NO 6:- SUBSCRIBER CLAUSE, IN THIS CLAUSE WE WRITE THE DETAIL OF EACH
SUBSCRIBER OF THE COMPANY WHICH ARE
I. DEFINE NO OF SUBSCRIBER
II. NO OF EACH SUBSRIBER SUBSCRIBE THE SHARES
III. NATIONALITY
IV. OCCUPATION
V. FATHER NAME, CNIC, RESIDENTIONAL ADDRESS,

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 VI. SIGNATURE IS COMPULSARY IN CASE OF ONLINE WHICH IS DIGITAL SIGNATURE BUT
IN CASE OF OFFLNE IT IS REQUIRED

HOW TO CHANGE CEO OF THE COMPANY

(1) THROUGH MEETING OF BOD PASS THE RESOLUTION WE AN FIRE THE CEO OF THE COMPANY
(2) FILE FORM 29 ALONG WITH DISIGNATION LETTER OF EXISTING CEO, APPOINTMENT LETTER
OF UPCOMMING CEO, MINUTES OF THE MEETING, AND FORM 29 IN THE SECP

ANNUAL GENERAL MEETING (SEC 132)

(1) WHEN FINANCIAL YEAR CLOSE. THEN THE COMPANY HAVE TO FILE AGM WITHIN 120 DAYS
AFTER THE CLOSING OF FINANCIAL YEAR.

APPOINTMENT OF AUDITOR
(1) THE COMPANY APPOINT AUDITOR WITHIN 90 DAYS OF POST INCORPORATION BY TAKING
CONCENT FROM THE AUDITOR AND IS MENTION ON FORM 29

CERTIFIED TRUE COPY (CTC)

(1) THIS COPY IS CERTIFIED BY SECP. WHICH PROVE THT THE INFORMATION ENTION ON IT IS
TRUE AND ACCURATE. WE CAN APPLY FOR IT BOTH ONLINE AND OFFLINE

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