Regulatory Alerts2018-04-18
Added · Updated
Amendments to the Companies (Incorporation) Regulations, 2017
The Securities and Exchange Commission of Pakistan amends the Companies (Incorporation) Regulations, 2017, to allow applicants to file either separate or combined applications for name reservation and company incorporation. The updated regulations introduce new modes of fee payment, including credit and debit cards, and specify that name reservations are valid for sixty days. It also establishes detailed requirements for foreign subscribers, including security clearance procedures from the Ministry of Interior and authentication of foreign documents. Additionally, the amendments update forms, definitions, and provisions regarding articles of association and the signing of incorporation documents.
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