Whether you are starting a new company, restructuring an existing business, or navigating a commercial dispute, corporate law touches nearly every major decision a business makes in Pakistan. Compliance with the Companies Act, 2017 and SECP regulations is essential — not just to avoid penalties, but to keep a company’s legal standing clean for future investment, contracts, and growth.
We assist with company incorporation, drafting and reviewing commercial agreements, corporate governance and compliance, partnership matters, and dispute resolution between shareholders, directors, or business partners.
Relevant Laws, Rules & Ordinances
- Companies Act, 2017
- Securities and Exchange Commission of Pakistan (SECP) Regulations
- Partnership Act, 1932
- Trade Organizations Act, 2013
- Competition Act, 2010
- Contract Act, 1872 (commercial agreements)
- Sales Tax Act, 1990 and Income Tax Ordinance, 2001 (business compliance overlap)
Frequently Asked Questions
What is the difference between a private limited company and a partnership (AOP)?
A private limited company is a separate legal entity registered with SECP, offering limited liability to its shareholders and generally more credibility for investment and contracts. A partnership (Association of Persons/AOP) is simpler to set up but partners typically bear personal, unlimited liability for the firm’s obligations.
How long does company incorporation take with SECP?
With complete documentation, name reservation and incorporation through SECP’s e-Services portal can often be completed within a few days to a couple of weeks, though this can extend if additional approvals (for certain regulated sectors) are required.
What ongoing compliance does a private limited company need to maintain?
Annual filings with SECP (Form A/annual return), maintaining statutory registers, holding required board/shareholder meetings, and tax compliance with the FBR (income tax returns, sales tax if applicable) are among the core ongoing obligations.
Can a foreign national own a company in Pakistan?
Yes, subject to sector-specific restrictions — SECP permits foreign shareholding in most sectors, though certain regulated industries may require additional approvals from the Board of Investment or relevant regulator.
What happens if shareholders/directors have an irreconcilable dispute?
Options range from negotiated buy-out of one party’s shares, to invoking any shareholders’ agreement dispute-resolution clause, to filing a petition before the relevant tribunal alleging oppression or mismanagement under the Companies Act, depending on severity.
Get Help With Corporate Law
Every case is different, and the guidance above is general information, not a substitute for advice on your specific facts. If you’re dealing with a corporate law matter, our advocates offer a free first consultation to review your situation and explain your options — reach out below or via WhatsApp to get started.