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SECP announces new fee structure for companies

SECP announces new fee structure for companies

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will charge a registration fee of Rs 10,000, irrespective of the amount of share capital, on formation of a company wholly-owned by the government and notified in the official gazette.

The revised fee structure for different companies was issued by the SECP under for different companies under Seventh Schedule of the Companies Act 2017.

The SECP will now charge fee of Rs1,000 for submission of documents electronically and Rs2,000 for submission of documents in physical form for registration of a company whose nominal share capital does not exceed Rs100,000.

For every Rs100,000 of nominal share capital or part of Rs100,000, up to Rs10,000,000, a fee of Rs500 for submission of documents electronically and Rs1000 for submission of documents in physical form.

For every Rs100,000 of nominal share capital of Rs100,000, after the first Rs 10,000,000, up to Rs5,000,000,000 a fee of Rs400 for submission of documents electronically and Rs750 for submission of documents in physical form.

For every Rs100,000 of nominal share capital or part of Rs100,000 after the first Rs5,000,000,000, up to any amount of fee of a fee of Rs150 for submission of documents electronically and Rs250 for submission of documents in physical form.

Separate charges are also being announced for companies formed outside of Pakistan. Foreign companies will be charged Rs10,000 for submission of documents electronically and Rs20,000 for submission of documents in physical form.