How to register your Company in Lahore
Lahore is the capital of Punjab, Pakistan. It is a business hub where new opportunity are generated with every passing day.
CPEC has open the door of opportunity for local as well as for foreigner. Foreigners are showing their interest in local market of Lahore. There is a golden opportunity for those who are already doing their business in Lahore.
If you have not got your company registered yet, first you should get your company registered in order to gain the trust of other investors and business man. Because investors and business man only invest in those business or company that are registered by Government
Security and Exchange commission of Pakistan (SECP) is the only Government body that register company. Company registration procedure is done either offline or online.
For Offline procedure:
Download Name availability Form from SECP website, write correct spelling of your company name on the form and deposit your fee in any branch of UBL or MCB. Send application with original bank receipt to your related Company registration office (CRO).
Company registration office (CRO) will reserve name after checking criteria at every steps of name reservation provisions rules under company ordinance 1984.
After name reservation, submit other documents to your related CRO.
For Online Procedure:
Your company name should indicate your principle activities of business. It is the symbol of your company. Therefore be careful selecting your company name. It should neither resemble with other business nor inappropriate.
When you have chosen your name, use E-service portal of SECP for user id creation to start the process of your company. E-service portal only works on Internet explorer.
These are the new steps which SECP has modified at the end of March 2017 that will help you in registering your company
SECP User Id:
Create your user id with your national identity card.
Company Name Availability:
When you have created your SECP user id, search your company name. while searching company name it should be kept in mind that company name should not be inappropriate, not deceptive, should not on any other country name but there are certain condition open which have to fulfil after that you are allowed to reserve your company name on restricted words.
Once you have selected name of the company, deposit your fee in any branch of UBL or MCB. If there is any objection on name, repeat the procedure again. If there is no objection on name, your company name will be reserved after 2 to 3 working days. Your Company name will reserve for ninety days (90). After the laps of this period, your company name will be expired.
Submission of Documents:
Here is the list of documents that are submitted after company name is reserved.
- Memorandum of Article
- Article of Association
- Form 1
- Form 21
- Form 29
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