BUSINESS FORMATION IN PAKISTAN

Business Formation

The Legal entities remain the most favored form of business organizations in Pakistan especially for small &medium scale business enterprises. Legal regime for establishment and regulation of entities in Pakistan. Whereas the function of administration of these entities are vested in the Securities and Exchange Commission of Pakistan (SECP) and the Registrar of Companies appointed by the Securities and Exchange Commission of Pakistan(SECP) for a Province of Pakistan where such company is to be registered.
 
Under the provisions of the Companies Ordinance, 1984 a company is a corporate body with separate legal entity and a perpetual succession and a company may be formed by persons associating for any lawful purpose by subscribing their names to the Memorandum of Association and complying with other requirements for registration of a company under the provisions of the Companies Ordinance, 1984.