Registration of Foreign Companies in Pakistan
Law governing registration of foreign companies in Pakistan Foreign companies are subject to the requirements of Sections 434 to 443 of the Companies Act, 2017 [“Act”]. In this behalf, Securities and Exchange Commission of Pakistan [“SECP”] has issued S.R.O. 1224 (I)/2018 dated 5 October, 2018 where under it has issued Foreign Companies Regulations, 2018 [“Regulations”].
Read MoreCreation and Registration of Trust under Trust Laws of Pakistan
Law of Trust in Pakistan The Trusts Act 1882 (the “Act”) provides the law related to trusts in Pakistan. A trust under the Act may be created for any lawful purpose by a person competent to contract. The person who creates the trust is referred to as the “Author of the trust”. The Author can
Read MoreHow to register single member company in Pakistan
A Single Member Company (SMC) based on a category of personal company, restricted by shares, that is incorporated with one member. SMC doesn’t invite the general public to subscribe for any share of the corporate. The corporate doesn’t register any share’s within the name of 2 or additional persons to carry one or additional shares
Read MoreStep by Step Process for Registration of Foreign Company in Pakistan
A Wholly Owned Subsidiary is a type of company in which another company holds 100% shares. When foreign company make investment of 100% FDI(Foreign Direct Investment) in Pakistan, the company becomes a wholly owned subsidiary of that foreign company. A Wholly Owned Subsidiary is a company whose entire share is held by foreign corporate bodies.
Read MoreSetting up business in Pakistan
For starting a business in Pakistan, it is a mandatory requirement under the Companies Act 2017 (“Act”) for all associations, partnerships or entity consisting of more than twenty persons that are formed for the purpose of carrying on any business that has for its object the acquisition of gain by the association, partnership or entity,
Read MoreRegistration Of Local NGO In Pakistan
Registration Of Local NGO In Pakistan The legal framework governing NGOs is complex, and there are several laws under which an NGO may be registered in Pakistan. The most significant of these are: 1. Voluntary Social Welfare Agencies Registration and Control Ordinance 1961. This Ordinance defines permissible purposes within the social welfare field. Registration under
Read MoreRegistration Of International Non-Governmental Organizations (INGO) In Pakistan
Registration Of International Non-Governmental Organizations (INGO) In Pakistan In recent years, the Government of Pakistan has adopted a restrictive approach towards the operations of international nongovernmental organizations and their local partners by refusing visas, restricting grant of business visas, introducing cumbersome and time consuming registration requirements, and requiring approvals from various different authorities for new
Read MoreWhat is Consumer Rights and Consumer Protection Law?
Consumer rights and consumer protection law provides a way for consumers to protect and safeguard themselves against abusive business practices. The consumer protection laws in Pakistan have been enacted to make sellers of goods and services accountable and liable when they seek to benefit by taking advantage of a consumer’s lack of information or bargaining
Read MoreLegal Drafting and Vetting
Our law firm can help reduce your cost by more than 50% by taking over your business’s legal activities such as legal drafting which include, interalia, legal notices (responses to legal notices); memorandum and articles of association; MOUs; policies; procedures; regulations; bank guarantees; corporate guarantees; performance guarantees; payment guarantees; letter of credit; board resolutions and
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