RegAlert2023-10-31
Added · Updated
The Companies (Incorporation) Regulations, 2017
The Securities and Exchange Commission of Pakistan establishes procedures for reserving company names and incorporating companies under the Companies Act, 2017. Applicants may file separate or combined applications for name reservation and incorporation via online e-services or physical forms, proposing up to three names in order of priority. The regulations prohibit names containing specific government, international body, or offensive terms, while restricting others like 'Bank' or 'Insurance' to entities with prior regulatory approval. Incorporation requires submission of memorandums, articles of association, identity documents for subscribers and directors, and payment of fees as specified in the Act's Seventh Schedule.
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Government of Pakistan
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN (Amended upto May 3, 2023) Islamabad, 26th July, 2017 NOTIFICATION S.R.O. 704(I)/2017.- In exercise of the powers conferred by sub-section (1) of section 512 read with
section 10, 14, 16 and 17 of the Companies Act, 2017 (XIX of 2017), the Securities and Exchange
Commission of Pakistan is pleased to notify the following Companies (Incorporation) Regulations, 2017, the same having been previous published vide notification S. R. O 423 (I)/2017 dated June 05, 2017, namely:-
CHAPTER I
PRELIMINARY
- Short title and commencement. __ (1) These Regulations shall be called the Companies
(Incorporation) Regulations, 2017.
(2) They shall come into force on August 14, 2017. - Definitions. – (1) In these regulations, unless there is anything repugnant in the subject or context,-
(i) “Act” means the Companies Act, 2017 (XIX of 2017); [(ii) “annexure” means an annexure appended to these regulations;”] [(iia) “authorized intermediary” shall have the same meaning as assigned to it in clause (iii) of subregulation (1) of regulation 2 of the Intermediaries (Registration) Regulations, 2017;] (iii) “Commission” means the Securities and Exchange Commission of Pakistan established under the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997); [(iiia) “form” means form appended to these regulations; and] (iv) “regulations” means the Companies (Incorporation) Regulations, 2017; (2) Words and expressions used but not defined in these regulations shall have the same meaning as assigned to them in the Act, the Securities and Exchange Commission of Pakistan Act, 1997, the Limited Liability Partnership Act, 2017, the Securities Act, 2015 and any rules made thereunder.
CHAPTER II
RESERVATION OF NAME
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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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SECP published 3 documents in the last 30 days. We email you each new one the day it's published.