Private Limited Companies
There are two broad categories of private companies namely 1. Single member company and 2. Private Limited Company
Now minimum number of director required to establish a company has reduced to one director. Hence an individual can form a company and enjoy the advantage of limited liability without joining hands with anyone and without sharing profit and ownership of the corporate entity. Through the enforcement SMC Rules, 2003 the concept of single member company was introduced in Pakistan. Before the commencement of Single Member Companies Rules, 2003, a single individual was not allowed to solely establish a business in a company form. Sole proprietorship is ancient form of business organization. It is as old as civilization. Most of businesses around us are managed, owned and controlled by single individuals
Two or more persons can form a private limited company , being a corporate entity chance to gain the confidence of customers, supplier and other stakeholders increase significantly
We offer service of registration of Private Limited Company; we have formulated uncountable companies in a very short period.
Public Limited Company
There are two broad categories of Public Limited Company, namely 1. Unlisted Companies 2. Unlisted Companies
Three or more than three person desirous to form a company to offer shares to general public may form a public company. Although a public company has to fulfill much legal formalities but a public company can offer its share to general public. Minimum three directors are required to form unlisted company, an unlisted company can offer shares to general public on its counter, but shares cannot be traded in stock market.
Minimum seven directors are required to form listed company, a listed company can offer shares to general public and shares can be traded in stock market. A listed company is liable to fulfill listing requirement of Pakistan Stock Exchange in order to be listed in stock exchange.