Any
seven or more persons associated for any lawful purpose
may, by subscribing their names to the Memorandum
of Association and complying with the requirements
of the Companies Ordinance, in respect of the registration,
form a public company, and any two or more persons,
so associated may, in like manner, form a private
company. Detailed guides to incorporation are available
in English,Urdu,ArabicandChinese.
Prior approval of the ministries
(which regulate their respective functions) noted
against each category of the following specified nature
of companies is required before incorporation of such
companies.
(1) Banking Company
Ministry of Finance/State Bank of Pakistan.
(2) Insurance Company
Ministry of Commerce.
(3) Investment Finance Company (Investment-Bank)
(i) Ministry of Finance.
(ii) State Bank of Pakistan.
(4) Leasing Company
Securities and Exchange Commission of Pakistan.
(5) Venture Capital Company
Securities and Exchange Commission of Pakistan.
(6) Asset Management Company
Securities and Exchange Commission of Pakistan.
A company which invests in any of the following industries
(i) Arms and Ammunition
Ministry of Industries/Board of Investment.
(ii) Security Printing, Currency and Mint.
Ministry of Industries/Board of Investment.
(iii) High Explosives.
Ministry of Industries/Board of Investment.
iv) Radio Active Substances
Ministry of Industries/Board of Investment.
(b) Availability of Name of the Company
The first step for incorporating a company
is to confirm the availability of the name of the proposed company
from the Securities & Exchange Commission of Pakistan by
conducting an online search.
The name should not be inappropriate,
deceptive or designed to offend the religious sensibilities
It should not be identical to or have a close resemblance to
the name of any existing company. For further information, please
consult the Guide
to Company Name Availability.