Different types of companies registered in Pakistan (Classification based by virtue of legal form): By virtue of legal form companies can be classified into following types: Statutory Company The company that is formed under special statue is called statutory company. This type of company is governed by the ordinance under...
The difference between company registered as Private Limited Company And Company registered as Single Member Company?
Company Registered as Private Limited Company Company Registered as Single Member Company 1. A company registered as Private Limited Company cannot invite subscriptions from general public. 1. This condition is same for the company registered as Single Member Company. 2. Transfer of shares is prohibited in the...
Alterations in Company – SECP
The Procedure for Reduction of Share Capital. How to Reduce Share Capital of the Company After company registration if any time the directors or members of the company decide that they want to reduce the share capital of the company following procedure should be followed as per the articles of...
NTN – National Tax Number in Pakistan
What is online ntn verification? Online ntn verification is the process whereby you can confirm the National tax number of any Individual tax payer, firm or company through online record of Federal Board of Revenue. Federal Board of Revenue is the body responsible for maintaining the record of all the...
Partnership Firm Registration
Partnership firm registration is the form of business whereby the profit and losses are shared between the partners in pre-determined ratio. Partnership firm registration is often preferred by business over private limited company registration because taxation rates are generally low on partnership firm registration as compare to private limited companies....
Sole Proprietor Registration
Sole proprietor is the type of business run and managed by a single person or in the meaning of law there is no distinction between the owner and business in terms of law. In simple words any case or suit filed against the business will be treated as it is...
Types of Capital in Public Limited Companies
Company Registration in Pakistan and different terms used with reference to share capital: As director of the company having registration in Pakistan understanding of different terms used with reference to the share capital of the company is inevitable. These different kinds of share capital are mentioned below: Nominal or Authorized...
Benefits of Private Limited Company – SECP
Before discussing the advantages of business registration as Private Limited Company it is necessary to understand what is a Private Limited company? Every company when registered anywhere in the world has to specify that how much capital the owners of the company are going to invest in the company. This...
Name Selection for Company – SECP
or company registration in Pakistan requirements for selection of the Name: As soon as the promoters or proposed directors of the company make a decision for the company registration in Pakistan the next major step is to select a name that is appropriate for the business. To register a name...
Step by Step Guidance: Company Registration in Pakistan
oly a reputable name in corporate consultancy offers company registration services in Islamabad Pakistan for as low as Rs. 15,000 including all dues with 2 directors and capital of Rs. 100,000 or below. If you are in exploring more about the company registration process in Pakistan detailed information about company registration...