SINGLE MEMBER COMPANY (SMC)

 Has only one member - one director

Modes for Formation of a Company:

• Offline

• By physical submission of documents at any of our regional Company

Registration Offices

• Online

• Using online e-services portal

Procedure for Formation of a company:

Company incorporation is a two-step procedure i.e.

1. Company name reservation

2. Registration of company

Step 1: Company Name Reservation:

Before applying for name reservation, please check the name first at the following link to make sure that it does
not closely resemble and/or be identical with the name of any existing company. Further, the proposed name
should also not be inappropriate and deceptive.

Company Name Search Link: https://eservices.secp.gov.pk/eServices/NameSearch.jsp

1. Apply Offline:

• Make an application in the name of Additional/ Joint/ Assistant Registrar of Companies for name
Reservation
• Generate Challan of PKR 500/- from SECP website
http://challan.secp.gov.pk/manualChalnGenrator/main.faces
• Submit fee in designated branches of MCB/ UBL
• Application along with Original fee challan to be submitted in Company Registration Office
• Fee for submission under Fast Track is Rs. 1500/- offline

2. Apply using Online/ eservices Module:

• Log on to eServices portal (https://eservices.secp.gov.pk/eServices/ )

• Enter data in the online form
• Submit the process.
• Take Print out of the Fee Challan of PKR 200/- and deposit in the selected branch of MCB bank
 *Important Information regarding name reservation:

 While applying for company name reservation, please write the name of company to be applied on the
following format on the basis of type of the company:

For private limited company (multi-member) ---------- XYZ (Pvt.) Limited

For private limited company (single-member) ---------- XYZ (SMC-Pvt.) Limited
For public limited company -------------------------------- XYZ Limited
For Association (Not for Profit Organization) ----------- XYZ

 Name is initially reserved for a period of 90 days.

 A guide with name of “Availability of Name ” is available on our website where you can get detailed
information about the prohibited names or names allowed with certain conditions
 Normal response time for name reservation is next day of submission of application.
 Fast Track Mode (FTRS) is also available for name reservation in which response time is 4 working hours.
 Application fee for fast track is Rs. 700 for online and Rs. 1500 for offline
 List of Sensitive/prohibited words can be checked form following link:
http://www.secp.gov.pk/ns/pdf/Prohibited_words.pdf

Step 2: Registration of Company:

1. Apply Offline:

Following is the requirement of incorporating/registering different type of companies via offline module:

a. Form-1: Declaration of Applicant for incorporation

b. Form-21: Notice of situation of registered office or any change therein
c. Form-29: (Two copies signed in original) Particulars of directors and officers, including the chief
executive, managing agent, secretary, chief accountant, auditors and legal advisers, or of any change
therein
d. Form-S1: Notice of nomination of nominee director by single member of a single member company
e. 4 copies *Memorandum of Association and Articles of Association duly signed in original by all the
subscribers/shareholders
*Sample Memorandum and Articles of Association can be downloaded from (provide link)
f. Copy of Name Availability letter
g. Copies of CNICs of all subscribers/directors/witnesses
h. Notarized Power of Attorney (in offline)
i. Fee Challan (Please refer to Sixth Schedule and/or online fee calculator for fee calculation available
on our website (Provide the link)

2. Apply Online:

Procedure for online registration of company is given below:

a. Log on to eServices portal (https://eservices.secp.gov.pk/eServices/ )

 b. Enter data in the online form
c. Attached requisite documents in PDF format
(4 Documents are required to be attached which include Memorandum, Articles, Name
Reservation Letter, CNIC/Passport Copies)
d. Digitally Sign the documents
e. Submit the process.
f. Take Print out of the Fee Challan and deposit in the selected branch of MCB bank

*Important Information for Online Incorporation

 Digital signatures are required for online submission of documents

 Digital Signatures can be obtained through NIFT, an organization outsourced for this purpose

 Cost of each digital signature is Rs. 1500

How to Apply for Digital Signatures

 Download the Digital Signature Certificate Request Form or visiting any of the NIFT Offices listed at the
NIFT website (https://secp-live.niftetrust.com/secp/)

 Follow the instructions printed on the form (listed on page 2 of the form)

 Fill out the form and submit the form along with all the required supporting documents including
Cash/Pay Order/Demand Draft by visiting NIFT Office.