What is a Single Member Company (SMC)?

By Published On: May 18, 20224.2 min readViews: 677

What is a Single Member Company (SMC)?

By Published On: May 18, 20224.2 min readViews: 677
Table of contents
Share Post

A single member company is a class of private company, limited by shares which is incorporated with one member, or whose membership is reduced to one person.

It shall not issue an invitation to the public to subscribe to any share of the company.

The company shall not register any share(s) in the name of two or more persons to hold one or more shares individually or jointly and the Number of members of the company shall be limited to a single person.

DOCUMENTS REQUIRED FOR REGISTRATION

  • 3 Proposed Names of the company.

  • The principal business of the Company.

  • Registered address of the Company.

  • Name of the Chief Executive of the Company.

  • Name of Directors of the Company.

  • Scanned copies of CNICs of the Directors and nominee director.

  • NTN of the proposed C.E.O, director/subscriber and nominee director.

  • Authorized Capital & Paid-up Capital

  • Share Value Rs. 10, Rs. 50 or Rs. 100 per share

  • Mobile Number & Email ID of the C.E.O & directors of the Company

  • SECP login details of the director/subscriber (if available)

Registration Charges

Rs. 20,000

Registration Time

2-3 Working Days

Share This Blog

admin

Stay in the loop

Subscribe to our free newsletter.

Leave A Comment