If you have decided to register or incorporate a company in Pakistan, you must pay the SECP company registration fee to the Securities and Exchange Commission of Pakistan (SECP).
The SECP, responsible for regulating companies, imposes various fees under the Companies Act 2017 for different submissions and services.
These include document filings, name reservations, user registrations, mortgage registrations, and more. The fees are prescribed under the Seventh Schedule of the Companies Act, which the SECP can amend from time to time.
Table of Contents
SECP Fees for User Registration
The SECP’s online portal, eZfile, offers businesses and individuals a streamlined way to access various SECP services, including company incorporation.
To use this platform, users must register by paying a one-time fee of Rs.200.
This registration grants access to the eZfile portal, enabling entrepreneurs to manage their company’s filings electronically and take advantage of the SECP’s digital services.
SECP Name Reservation Fee
When reserving a company name with the SECP, you must pay a nominal fee of Rs.200, excluding bank charges.
The name reservation remains valid for a specific period, during which the applicant can proceed with the company registration. If the incorporation is not completed within the prescribed time, the reservation expires, and you will need to reapply and pay the fee again.
However, once the company is registered, the reserved name is permanently associated with the company unless changed.
Also Read: Types of Companies in Pakistan: Which One is Right for You?
SECP Company Registration Fee
The company registration fee is a mandatory cost when registering a new company with the SECP.
This fee is based on the Authorized Capital of the company and is calculated according to a tiered structure.
On April 20, 2023, the SECP revised the company registration fees under the Seventh Schedule.
| Authorized Capital | Online Filing | Offline Filing |
|---|---|---|
| Up to Rs.100,000 | Rs.2,200 | Rs.5,000 |
| For every Rs.100,000 above 1st Rs.100,000 up to Rs.5 billion | Rs.700 | Rs.700 |
| For every Rs.100,000 above Rs.5 billion | Rs.165 | Rs.165 |
| Section 42 (Not for Profit) Companies | ||
| Registration Fee | Rs.27,500 | Rs.55,000 |
| License Fee | Rs.150,000 | Rs.150,000 |
SECP Filing Fees
Apart from registration fees, companies are required to pay filing fees when submitting various statutory documents to the SECP.
These fees cover the administrative costs associated with processing and reviewing submissions such as annual returns, financial statements, resolutions, and changes in company particulars.
| Document Type | Online Filing | Offline Filing |
|---|---|---|
| Any statutory form or return | Rs.1,000 | Rs.1,500 |
Mortgage or Charge Registration, Modification, Rectification, and Satisfaction Fee
Companies often mortgage or create charges on their assets as security for loans. The SECP imposes fees for the registration, modification, rectification, or satisfaction of these charges.
The fees apply regardless of the asset’s value.
| Document Type | Online Filing | Offline Filing |
|---|---|---|
| Registration, modification, and satisfaction of mortgage or charge within 30 days | Rs.11,000 | Rs.15,000 |
| Filing satisfaction of charge document within 1 year | Rs.11,000 | Rs.16,500 |
| Filing satisfaction of charge document after 1 year | Rs.16,500 | Rs.24,750 |
Also Read: 8 Benefits of Hiring a Corporate Lawyer
SECP Late Filing Fee
If you fail to submit any form or return within the prescribed period, a late filing fee must be paid. The SECP or registrar will only accept the late document after the payment of this additional fee.
| Time of Filing | Fee (Including Late Fee) |
|---|---|
| Within 90 days | Twice the normal fee |
| Within 180 days | Three times the normal fee |
| Within 1 year | Four times the normal fee |
| Within 2 years | Five times the normal fee |
SECP Fees for Various Applications
In addition to standard fees, SECP may charge for specific approvals, permissions, sanctions, exemptions, directions, or confirmations.
These application fees vary depending on the nature of the request and are relevant for various corporate actions. Below are some common applications:
| Application | Online Filing | Offline Filing |
|---|---|---|
| Approval for change of company name | Rs.2,500 | Rs.5,000 |
| Alteration in the memorandum of association | Rs.5,000 | Rs.10,000 |
| Conversion of company status | Rs.2,500 | Rs.5,000 |
| Issuance of shares at a discount | Rs.5,000 | Rs.10,000 |
| Issuance of further share capital other than right issue | Rs.25,000 | Rs.50,000 |
| Approval of Employee Stock Option Scheme | Rs.25,000 | Rs.50,000 |
| Issuance of shares with different rights and privileges | Rs.25,000 | Rs.50,000 |
| Extension for holding AGM of a public company | Rs.10,000 | Rs.15,000 |
| Extension for holding AGM of a private company | Rs.3,000 | Rs.5,000 |
| Fresh election of directors | Rs.5,000 | Rs.10,000 |
| Approval of a loan to a director | Rs.5,000 | Rs.10,000 |
| Obtaining status of inactive company | Rs.5,000 | Rs.10,000 |
| Re-activation of inactive company | Rs.5,000 | Rs.10,000 |
Also Read: How to Start a Sole Proprietorship Business in Pakistan
SECP Fees for Certified True Copy (CTC Fee)
The SECP maintains records of all documents filed by companies. You can obtain a certified true copy (CTC) of any such document by applying and paying the prescribed fee as outlined below.
| Document | Online Application | Offline Application |
|---|---|---|
| Certificate of incorporation | Rs.100 | Rs.600 |
| Memorandum and Articles of Association (Private Limited) | Rs.250 | Rs.1,500 |
| Memorandum and Articles of Association (Other than Private Limited) | Rs.500 | Rs.3,000 |
| Any return other than financial statements (Private Company) | Rs.100 | Rs.600 |
| Any return other than financial statements (Other than Private Company) | Rs.200 | Rs.900 |
| Extract of any document, financial statement, or register | Rs.20 per page (Min. Rs.100) | Rs.20 per page (Min. Rs.100) |
| System-generated company profile | Rs.1,000 | Not available |
| System-generated report of outstanding charges/mortgages | Rs.2,000 | Not available |
| System-generated detail of officers | Rs.200 | Not available |
| System-generated company details | Rs.200 | Not available |
Conclusion
Navigating the process of establishing and managing a company in Pakistan requires a thorough understanding of the various SECP fees, from registration to filings and copying.
Entrepreneurs and businesses must consider these costs to ensure compliance with SECP regulations. Staying informed about any revisions or updates to these fees is essential.
Consulting the SECP website or seeking professional advice can help you obtain accurate and current information to facilitate a smooth registration and compliance process.
Struggling with company registration processes? Let our experts handle the hassle and ensure a smooth, stress-free registration. Get in touch Legal Point today or call 0333 7703712 for hassle-free company registration right fit for your business.