Single Member Company in Pakistan

In 2003, SECP introduced the concept of SMC which is Single Member Company Private Limited in Pakistan. It enables the businessmen to start a company without any partners. Currently, more than four thousand and five hundred SMC’s are operating in Pakistan.

 

What is a Single Member Company (SMC)?

A Single Member Company or SMC is a business that is set up as separate legal entity from its owner and has only one shareholder. The creation of SMCs was first allowed by SECP through Single Member Companies Rules, 2003. These rules allow single persons to convert their non-corporate entities into companies with limited liability of the Single Member.

There is one member or shareholder who owns the company. He or she acts as the Director. The Single Member (Director) has all control of the company and can remove or appoint any officer.

  • The concept of Single Member Company (SMC) allows a single person to run a company limited by shares. SMC means a company which has only one person as a member; and shall be a nominee for the sole member is required.
  • SMC will give the young businessman all benefits of a private limited company which categorically means they will have access to credits, bank loans, limited liability, legal protection for business, access to market etc all in the name of a separate legal entity.
  • The registration of SMC is just like Private Limited Company. FORT LAW ASSOCIATES gives necessary support to Individual to register a SMC.
  • FORT LAW ASSOCIATES extend you to provide support not only at the time of registration but also maintain post incorporation statutory filing and statutory requirements whenever you need. “We encourage new ideas, methods, processes and practices of the Individual”.

Private Company Registration in Pakistan

  • Before starting a corporate form of business, the Promoters to select the type of companies like Private Company Registration or Public Company Registration. For taking this decision, the Promoters take care about the advantages, amount to be invested and objects of the proposed company. We have a professional team to explain the advantages and disadvantages of companies to help to choose the form of business.
  • You are the Promoters who conceive the idea or visualise a project and then we transform your idea into a reality.
  • Registration of a company requires a lot of planning and activities and more than that number of formalities which need to be complied with at the time of registration. We have a professional team with more practical and procedural aspects of company registration formalities. It enable you to registration of company is very simple and easy with compliance of laws.
  • FORT LAW ASSOCIATES extend you to provide support not only at the time of registration but also obtain commencement of business for a public company and maintain post incorporation statutory filing and statutory requirements whenever you need. “We encourage new ideas, methods, processes and practices of the Promoters”.

 

Limited Liability Partnership (LLP) Registration in Pakistan

  • A Limited Liability Partnership (LLP) is a form of business having status of a legal entity separate from its Partners and have perpetual succession. Any two or more persons, associated for carrying on a lawful business with a view to profit, may form an LLP.
  • Registration of LLP is very simple. LLP concept is very useful for small and medium enterprises. It is an alternative business form that provides the advantages of limited liability. FORT LAW ASSOCIATES help the Promoters to registration of LLP is very easy and simple.
  • FORT LAW ASSOCIATES provide services at all levels of LLP like information with regard to change in LLP agreement, change of registered office, change/ rectification of name of LLP, notice of induction and cessation of partners and designated partners, consent to act as partner/ designated partner and conversion of firm or a private company into LLP.

 

NGO Registration in Pakistan

  • An Association as a public limited company, without addition of the word “Limited” or the expression “(Guarantee) Limited”, to its name for promoting commerce, art, science, religion, health, education, research, sports, protection of environment, social welfare, charity or any other useful object and such company intends to apply the company’s profits and other income in promoting its objects and that it prohibits the payment of dividends to the company’s members and such company’s objects and activities are not and shall not, at any time, be against the laws, public order, security, sovereignty and national interests of Pakistan to get licence under section 42 of the Companies Act, 2017.
  • FORT LAW ASSOCIATES to deal with the Registrar and other Regulatory Authorities to get licence under section 42 of the Companies Act, 2017 to setting off of NGO Registration in Pakistan.
  • FORT LAW ASSOCIATES extend you to provide support not only at the time of registration but also maintain post registration statutory filing and statutory requirements whenever you need. “We encourage new ideas, methods, processes and practices of the Members”.

Call us today at +92-300-8687859, +92-42-35960296 for a FREE consultation regarding the registration of Company (SMC, PVT, Public, LLP, NGO, Association) in all over the Pakistan. Our Lawyers / Consultants will assist & provide you the best services of registration of Company (SMC, PVT, Public, LLP, NGO, Association).