Regulatory Alerts2017-07-27
Added · Updated
Companies (Incorporation) Regulations, 2017
The Securities and Exchange Commission of Pakistan establishes procedures for the reservation of company names and incorporation of companies under the Companies Act, 2017. The regulations mandate that applicants file applications for name reservation and incorporation either electronically or physically, specifying required documents such as the Memorandum and Articles of Association, subscriber identification, and fee payments. Strict prohibitions are placed on using specific government, international body, or restricted business terms in company names without prior regulatory approval. Incorporation is contingent upon the registrar verifying document completeness, with discrepancies requiring resolution within seven days, and security clearance from the Ministry of Interior required for companies with foreign subscribers or officers.