Registration of a Public Company with SECP and NTN in Pakistan

Introduction:

Starting a new business in Pakistan entails a number of stages, including registering with the
Securities and Exchange Commission of Pakistan (SECP) and getting a National Tax Number
(NTN) from the Federal Board of Revenue (FBR).

Choose a Company Name:

Choose a unique name for the company. Ensure that the name complies with SECP's guidelines
for name selection.

Prepare the required documents:

Gather certain documents for the registration process, such as copies of the directors' CNICs or
passports. Additionally, prepare the Memorandum of Association (MOA) and Articles of
Association (AOA) These documents should outline the business objectives and define internal
rules and regulations. Seek legal advice to draft these documents accurately.

Digital Signature:

Obtain a digital signature for the director(s). This is necessary for online submissions to SECP.

Online Registration with SECP:

Visit the SECP website and create an account. Fill out the online registration form with all the
necessary information about its directors, and shareholders.

Pay registration fee:

There will be a registration fee that you'll need to pay. The amount depends on the authorized
share capital of the company. You can make the payment securely online through the SECP
portal.

Obtain a Certificate of Incorporation:

Once SECP approves your application, you will receive a Certificate of Incorporation for Public
Limited
Apply for NTN:

Obtain the Certificate of Incorporation for Public Limited from SECP.

Apply for the National Tax Number (NTN) from the Federal Board of Revenue (FBR) in
Pakistan.

Submit the required documents, including a copy of the Certificate of Incorporation and other
relevant details for Public Limited. This document officially registers your public company.

Registration with Other Authorities:

Depending on the nature of Public Limited's business, register with additional authorities if
necessary. For a public company, consider compliance with the Securities and Exchange
Commission of Pakistan's regulations for the capital market.

Open a Bank Account:

Open a business bank account for Public Limited using the company's name and the relevant
documents, including the Certificate of Incorporation and NTN.

Compliance with Corporate Laws:

Ensure ongoing compliance with SECP and other regulatory requirements for Public Limited.
This includes filing annual returns, maintaining proper accounting records, and holding annual
general meetings as per the Companies Act.

Additional Considerations for a Public Limited Company:

In addition to creating a Public Limited Company, you may also need to issue a prospectus,
choose a statutory auditor, and adhere to stock market listing regulations if you intend to go
public.