Introduction:

A company is defined as per law, “a body corporate or a business undertaking formed under
the company law.” The company is the main form of doing a business out of the three forms of
business (sole proprietorship and partnership being the other two). The Securities and Exchange
Commission of Pakistan is the regulatory body responsible for the regulation of the companies in
Pakistan. One of its important functions is the incorporation/registration of companies.

PROCEDURE OF THE FORMATION OF COMPAY INCORPORATION

A. Availability of Name

The first step with regard to incorporation of a company is to seek the availability of the
proposed name for the company from the registrar. For this purpose, an application is to be made
and Rs.200/- for online application and Rs.500/- for offline application is required to be paid
seeking availability certificate for each name. The registrar will issue a ‘Certificate of
Availability of the name within 48 hours. The essential documents have to submit within 60 days
or else the name under reservation will be removed. The SECP has also provided a list of
prohibited names like university, brand names, board, society, trust etc. (the list can accessed
from the following link: https://www.secp.gov.pk/prohibited-words/)

B. Registered Office:

It is the 'home' of the company to which all official documents, notices and court papers have to
be sent by law. The address must be a physical location. This is because people have the right to
visit the office to inspect certain registers and documents, and to deliver documents. It is vital
that you keep the registrar informed of the location of the registered office to send all formal
communications.

C. Object of the Company:

It is important to mention the principal line of the business. It relates to the main activities of the
business and the supporting activities as well.

D. Capital of the Company:

The capital should be stated in the