BEST CORPORATE & COMPANY LAWYERS | TOP LAW FIRMS ISLAMABAD, PAKISTAN

As the leading Best Corporate & Company Lawyers | Top Law Firms in Islamabad, Pakistan, the Osmani Legal Firms specializes in handling a wide range of company-related cases in Trial Courts, High Courts, and the Supreme Court of Pakistan. Our expertise extends to the registration of various types of companies, including ownership, partnership, private limited, and public limited companies, in compliance with company registration laws in Pakistan and Internationally.

Company Law Overview

Company law governs the formation, registration, management, and dissolution of companies. A company is a legal entity distinct from its members, formed for business or other purposes. Recent reforms aim to simplify corporatization, encourage technology use, and promote corporate governance, safeguarding shareholders, creditors, and public interests. Osmani Legal Firms, as one of the Best Corporate & Company Lawyers | Top Law Firms in Islamabad, Pakistan, offers expertise in company incorporation and related services, focusing on the promotion of corporate services in the commercial market.

Legislative Evolution by SECP

The Securities & Exchange Commission of Pakistan (SECP), established under the SECP Act of 1997, replaced the Corporate Law Authority (CLA). The SECP spearheaded reforms to align corporate law with international standards, culminating in the Companies Act, 2017.

Company Formation and Types

Companies can be formed by charter, special Acts, or registration under the Companies Act. They may be public (shares publicly traded) or private (Pvt Ltd). Companies are managed by a board of directors and may have limited liability by shares, guarantee, or be unlimited.

Key Features of the Companies Act, 2017

• Borrowing Powers: Companies can now borrow funds without specific borrowing clauses.
• Buyback of Shares: All companies can buy back shares, with unlisted companies required to cancel them.
• Virtual General Meetings: Listed companies must provide video link options for shareholders.
• NTN Requirement: Directors must hold a National Tax Number (NTN).
• Female Representation: Public interest companies must have at least one woman director.
• Corporate Social Responsibility (CSR): Companies are encouraged to integrate CSR into their operations.
• Mergers & Acquisitions: Simplified procedures for mergers, reducing reliance on High Court approval.
• Shariah Compliance: Companies must be certified by the SECP to claim Shariah compliance.
• Beneficial Ownership: Shareholders must disclose foreign ownership to the SECP.

Regulations for Special Sectors

• Inactive Companies: Companies can declare inactive status to avoid compliance burdens.
• Real Estate Projects: Companies must seek SECP approval before launching real estate projects.
• Disabilities Quota: Public companies must reserve 2% of jobs for disabled individuals.

Penalties and Compliance
Non-compliance with the Companies Act can lead to significant daily fines, up to PKR 1 million.

BRANCH | LIAISON OFFICE ESTABLISHMENT

The Osmani Legal Firms, as the Best Corporate & Company Lawyers | Top Law Firms in Islamabad, Pakistan, also facilitates foreign corporate clients in establishing their own independent companies or establishing branch/liaison offices in Pakistan. With collaboration from the Board of Investment and Securities & Exchange Commission of Pakistan, we assist clients in successfully registering their companies and moving towards becoming fully functional business entities in Pakistan. Our facilitation services include obtaining necessary approvals and fulfilling all registration formalities.

AFTER ESTABLISHMENT SERVICES

After the establishment of branch/liaison offices or independent local Pakistani companies, the Osmani Legal Firms, as the Best Corporate & Company Lawyers | Top Law Firms in Islamabad, Pakistan, continues to support clients by assisting them in obtaining work visas for their executives and employees from the Ministry of Interior of Pakistan. Our successful track record and satisfied clients attest to our expertise in facilitating registrations and conducting business activities in Pakistan.

COMPANY REGISTRATION SERVICES

We as the Best Corporate & Company Lawyers | Top Law Firms in Islamabad, Pakistan, offer comprehensive services for the registration of companies and provide complete consultancy to ensure that companies stand as fully functional, internationally recognized entities. Our team of experienced lawyers guides clients through every step of the registration process, from seeking approvals and name availability to filing necessary documents with the Registrar and obtaining certificates of incorporation or commencement of business.

STEPS OF COMPANY REGISTRATION

The steps involved in the formation/incorporation of a company in Pakistan include seeking approval from the concerned ministry, obtaining approval for the proposed company name, filing necessary documents with the Registrar, receiving certificates of incorporation or commencement of business, and proceeding with additional registrations as required by local or foreign authorities.

At Osmani Legal Firms, as the Best Corporate & Company Lawyers | Top Law Firms in Islamabad, Pakistan, is committed to providing exceptional legal services in company law matters in Islamabad, Pakistan. With our in-depth knowledge, dedication, and expertise, we ensure that our clients receive the highest quality representation and assistance throughout the registration process and beyond.