Registered Office for Company Registration in Pakistan Notice of the location/address of the registered office and any of change therein shall be given within twenty-eight days after the date of the incorporation of the company or of the change, as the case may be, to the registrar who shall record...
Legal Provision Relating to Company Registered Office
How to Change Company Address or Registered Office Relevant provisions: Sections 21, 142 and Section 172 of the Companies Ordinance, 1984 read with Rule 3 & 30 of The Companies (General Provisions and Forms) Rules, 1985 Mode of documents submission: Both online and offline STEP 1 Pass resolution in Board...
Company Registration in Pakistan with Foreign Director
Company Registration in Pakistan with Foreign Director A company, being an artificial person, is managed and controlled by the directors of the company. The Directors are the head of a company. They are the supreme authority controlling the managerial and other affairs of the company. They are jointly known as...
Company Registration in Pakistan Single Member Company and Private Company (Tabular Comparison)
Company Registration in Pakistan Single Member Company and Private Company (Tabular Comparison) A tabular comparison between Single Member Company and Private Limited Company is as under: Description Single Member Company – Only one natural person as shareholder Private Limited Company – Two or more natural persons as shareholders 1. How company...
Company Registration in Pakistan as Single Member Company
Single Member Company Registration in Pakistan A Single Member Company (SMC) is a class of private company, limited by shares, which is incorporated with one member. SMC does not invite the public to subscribe for any share of the company. The company does not register any share(s) in the name...
Provident Fund Accounting
Provident Fund Accounting In provident fund employer and employee contribute a specific amount and at the end of employment accumulated amount, sum of employer and employee contribution, is paid to employee. Suppose total salary (inclusive of all) is Rs.10,500 employee PF contribution:500 Employer's contribution: 500 Entry will be Salary 10,500--------------------------Dr....
Cash Salary Limit
Cash Salary As per income tax ordinance, 1984, salary up-to Rs. 15,000 can be paid in cash. Any amount, for payment of salary, exceeding 15,000 shall must be paid through crossed cheque or direct bank transfer. If a business pays salary in cash to any employee, exceeding the prescribed limit...
Step by Step Process of Company Registration in Islamabad
Islamabad is capital of Pakistan; it is among the top ten most beautiful cities of the world. It is the financial and investment hub of Pakistan. CEPEC is further increasing the investment opportunities in the city. Both foreign and domestic investment of millions of dollars made every year. Highest per...
Company Registration in Pakistan
How to Register a Company in Pakistan Every entrepreneur has a dream to become a successful business man. Unique characteristics of company form of organization, e.g. perpetual succession, limited liability, separate legal status, transferability of shares etc, safeguard personal properties of shareholders or directors and enhance the confidence of all...
Foreign Direct Investment and wholly Owned subsidiary of Foreign Company
Foreign Company Registration in Pakistan A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country (i.e. Pakistan) by an entity based in another country. It is thus distinguished from foreign portfolio investment by a notion of direct control. In foreign portfolio investments an investor merely purchases equities of foreign-based...