Name Availability Process

Name Search and Reservation

• Objective:

Before registering a company, it is essential to check if the desired name is available for use. Furthermore SECP company name reservation provides an online name search service to ensure that the proposed name is unique and does not conflict with any existing company names, trademarks, or public interest.

• Process:

Users can access SECP’s eServices portal to search for the availability of a company name. The system provides real-time data on whether the name is already in use or is available for registration.

Online Application for Name Reservation

Reserving a company name with the Securities and Exchange Commission of Pakistan (SECP) is a pivotal step in the establishment of a business in Pakistan. Below is a step-by-step guide to help you through the process:

1. Create an SECP Account

Begin by visiting the SECP e-Services portal. If you have not already created an account, proceed with the registration process. Ensure that you verify your email address to activate your account.

2. Login to the SECP  Company Name Reservation e-Services Portal

After account activation, log in to the SECP e-Services portal using your credentials. From the dashboard, you will have access to a wide range of services tailored to meet your business needs. Should you need assistance, the portal includes comprehensive help guides, FAQs, and contact details for support. Remember to log out when finished to ensure your account’s security.

3. Name Reservation Application

Navigate to the “Name Reservation” section and submit the necessary details, including up to three suggested company names in order of preference. Ensure that your proposed names comply with SECP’s guidelines and do not conflict with existing trademarks or company names.

4. Pay the Name Reservation Fee

Pay the required reservation fee using the available online payment methods. Upon successful payment, you will receive an acknowledgment receipt, which is essential for tracking the progress of your application. Keep this receipt safe as it serves as proof of payment.

5. Submit the Application

Before submitting the application, double-check that all details are complete and the payment is made. After submission, you will receive a confirmation email with a reference number for your records. It is crucial to retain this reference number for future communication related to your application. The SECP aims to process applications within 5-7 business days, and you will be notified via email regarding the outcome.

6. Review by SECP

The SECP will assess the proposed names to ensure they adhere to the prescribed guidelines. If the names meet the criteria, the SECP will reserve the name for a specified duration, usually around 90 days. If the names do not meet the criteria, you will be required to submit new names for consideration.

7. Confirmation

Upon successful name reservation, the SECP will send you a confirmation notification. With the reserved name, you may proceed with the company incorporation process.

Guidelines for Name Selection:

• Avoid using forbidden or misleading words, including those that suggest government affiliation.
• Ensure that the name is distinct and not similar to any existing companies.
• The name must not infringe upon any trademarks or intellectual property rights.

Post-Name Reservation

Once the name is successfully reserved, you may proceed with the incorporation process during the reservation period.

For detailed information and updates, visit the official SECP website.

Types of Company Registrations

The SECP offers several types of company structures to suit different business needs. These include:

1. Sole Proprietorship A sole proprietorship is a simple form of business where an individual operates the business. The business and the owner are legally the same, and they share the same National Tax Number (NTN). Registration can be completed through the FBR website and takes around 24 hours.

2. Partnership / Association of Persons (AOP) A partnership involves two or more individuals who contribute to a business venture. The partners share both the risks and rewards of the business. The registration process requires submission of Form No. 1, along with the partnership certificate, to the relevant corporate registration office.

3. Limited Liability Partnership (LLP) An LLP combines features of a partnership and a limited liability company. In this structure, partners are responsible for their actions, but liability is limited to the extent of their investment. This structure requires registration with the SECP.

4. Single Member Company (SMC) A Single Member Company (SMC) is a limited liability company owned by one individual. The individual enjoys limited liability protection, and the company is governed by provisions similar to those of a private limited company.

5. Private Limited Company A private limited company is typically suited for small businesses. Members’ liability is limited to their shareholding, and the shares cannot be publicly traded. The company must have at least two shareholders but no more than fifty.

6. Public Limited Company A public limited company is a large organization whose shares are traded on the stock exchange. This structure is suitable for businesses with significant capital and a large number of shareholders.

7. Non-Profit Organization A non-profit organization is focused on providing services to the public without the aim of making profits. Revenue is reinvested in the organization’s activities, and members, directors, or officers do not receive profit distributions. These organizations often serve causes such as education, healthcare, and humanitarian efforts.