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Reserving a company name with the Securities and Exchange Commission of Pakistan (SECP) is a crucial step in establishing a business in Pakistan. Here are the steps involved:
Head over to the SECP e-Services portal and set up an account if you haven’t done so already.
Ensure to verify your email address to activate the account.
Log in to the SECP e-Services portal using your credentials. Once logged in, head to the dashboard to access a range of services and tools customized for your requirements. Whether you’re filing annual returns or updating company details, the portal streamlines managing your corporate obligations. If you face any problems, the help section has comprehensive guides, FAQs, and contact details for additional support. Don’t forget to log out to keep your account secure after you’re done.
Head to the “Name Reservation” section and complete the necessary details, such as the suggested company names (you can propose up to three names in order of preference). Make sure that the names you suggest adhere to SECP’s guidelines and do not violate any existing trademarks or company names.
Pay the required fee for the name reservation process. The fee can be paid online via the SECP portal using various payment methods. Once the payment is confirmed, you will receive an acknowledgment receipt. Keep this receipt safe, as it serves as proof of your payment and is essential for tracking the progress of your name reservation application.
If your proposed name is approved, you will receive a notification from the SECP confirming the reservation of the name. This name reservation is usually valid for a specific period, during which you must complete the company registration process to officially secure the name.
In case your proposed name is rejected, don’t worry you will have the opportunity to submit alternative names for consideration. It’s a good idea to have a few backup names in mind to expedite this process.
Once you have successfully reserved a name, you can proceed with the next steps in the company registration process, which may include drafting the memorandum and articles of association, appointing directors, and fulfilling other regulatory requirements.
Please complete all necessary information and payment before submitting your application. Once submitted, you will receive a confirmation email containing a reference number for your records. It is essential to keep this reference number secure for any future communication regarding your application. Should you face any challenges during submission, feel free to reach out to our support team for help. Our goal is to review all applications within 5-7 business days, and you will be notified via email once a decision is reached.
The SECP will assess your suggested names to confirm they align with the guidelines. If the names meet the criteria, the SECP will reserve the chosen name for a set duration, typically around 90 days. Should none of the proposed names be approved, you may need to submit new names for consideration.
After reserving the name, SECP will send you a confirmation notification. With the reserved name, you can then move forward with the incorporation process.
Avoid using forbidden words (e.g., names that are deceptive, misleading, or suggestive of government affiliation). Make sure the name is distinct and easily recognizable from other companies. Names must not violate trademarks or intellectual property rights.
Once you have reserved a company name successfully, you can move forward with incorporating the company during the designated reserved period.
For more detailed information and any updates on the process E-Service, visit the [SECP official website]
Company Registration types are as follows:
A partnership is created when two or more people form a team and decide to start a business or venture by offering assets in the form of investment. These people are called partners, and companies are collectively called partners.
Partnership companies can register through submitting an application on the prescribed Form No.1 along with the form, you will also need to send the required fees and a true copy of the partnership certificate to your registrar. Such an application submits to the corporate registration office in the area where the place of business is located.
This type of Company means a partnership (LLP) in which all limited liability companies are involved in starting a business. Thus, it shows not only the enterprise but also the elements of the partnership. All partners are responsible for their actions. A preliminary partnership is a Company formed by two or more partners for the purpose of generating profits and mutual benefit for the partners. In this type of Company, one of our partners has unlimited debt. By default, the lender can also receive your personal property.
SMC stands for Single Member Company. This type of Company is a limited liability Company, but you are the only Company. Single Member Company or “SMC” means a privately held Company with only one member/director and the privilege of limited liability. All provisions of the Companies Ordinance 1984 that apply to private limited liability shares, with some modifications, apply to a single-member Company.
A private limited Company is a private Company for small businesses. The liability of members of a private limited Company is limited to the number of shares they hold. Private limited Company shares may not be publicly traded.
Limited means a Public Limited Company and Private Limited is a private Company. A Company is called a private limited liability Company if all of its shares are in private hands. On the other hand, the minimum number of shareholders in a public limited liability Company is seven, and there is no limit to the maximum number of shareholders.
Since Public Co., Ltd. is a voluntary organization of incorporated members, it has an independent corporation and the responsibilities of its members are limited. A public limited Company is listed on the stock exchange where its shares/shares are listed.
This has nothing to do with startups. To register as a public limited Company, you must become very large and listed on the stock exchange. Hence, if you have a project worth 1 billion rupees or more and need a huge investment in it, you will need a public limited Company, so you will be a public limited Company.
Nonprofit organizations are types of organizations that do not generate profits for their owners. In a non-profit organization, income is not distributed among the members, directors, or officers of the group. There are also non-profit corporations known as unincorporated corporations.
Non-governmental organizations serve humanity by providing free and affordable hospitals for those most in need. Nonprofits in Pakistan are trying to provide free or affordable educational facilities for the less fortunate through free schools and colleges.
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