The Securities and Exchange Commission of Pakistan (SECP) is the regulatory body for the securities market in Pakistan. The SECP regulates the formation, operation, and winding up of companies in Pakistan.
One of the requirements for registering a company with the SECP is that the company must have a minimum amount of authorized capital. The minimum amount of authorized capital varies depending on the type of company.
Types of Companies
There are two main types of companies in Pakistan: private limited companies and public limited companies.
- Private Limited Companies
A private limited company is a company that is limited by shares and is not allowed to offer its shares to the public. The minimum amount of authorized capital for a private limited company is Rs. 100,000.
- Public Limited Companies
A public limited company is a company that is limited by shares and is allowed to offer its shares to the public. The minimum amount of authorized capital for a public limited company is Rs. 5 million.
How to Register a Company with the SECP
To register a company with the SECP, you must complete the following steps:
- Apply for a company name.
- Prepare the Memorandum of Association (MoA) and Articles of Association (AoA).
- File the MoA and AoA with the SECP.
- Pay the registration fee.
- Obtain a Certificate of Incorporation from the SECP.
Conclusion
The minimum amount of authorized capital required for company registration with the SECP varies depending on the type of company. For a private limited company, the minimum amount of authorized capital is Rs. 100,000, and for a public limited company, the minimum amount of authorized capital is Rs. 5 million.
Dear Sir,
Kindly share your service charges for registration of Private Limited Company.
Chargers vary as per the nature and capital of business upto Rs. 15,000