COMPANY LAUNCH PROCESS IN PAKISTAN

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A Professionalism of The Professionals
A Roadmap to launch a Company
The Company Ordinance 1984
Private/Public Ltd
Documents you Need
MOA
AOA
Forms
The Presenation is Dedicated to Business Law !
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Company Ordinance 1984
Paid-up capital
Legal requirments
Shareholders
Public Limited Company
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What Is a Public Limited Company
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Public Limited Company
Any three or more persons may form a public
limited company, and any seven or more persons
may form a listed public company for a lawful
purpose. (The Companies Ordinance, 1984).
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• Limited by Shares
• No restrictions on number
• of shareholder
• Limited Liability

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A Public Company is free to invite public for
subscription
They sell shares to the general public
A public company requires atleast 7 members
Every public company shall have three directors
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A public company may reserve a certain percentage
of further issue for its employees
Public Limited
No public company shall convert to Private
without prior approval of the Commission
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Public Limited Company
Profile
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Sui Southern Gas Company (SSGC)
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1989
1954
1985
Both companies were merged to form the Sui
Southern Gas Company Limited.
Southern Gas Company Limited was launched
Gas Transmission Company Limited was formed
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SSGCL transmission system extends from Sui in
Balochistan to Karachi
over 3,200 KM of high pressure pipeline ranging
from 12 - 24" in diameter
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COMPANY SNAPSHOT

• NAME OF COMPANY SUI SOUTHERN GAS
  COMPANY LTD
• --------------------------------------------------
  ------------------------
• Nature of Business Gas Utility
  
• Net Sales FY '08 Rs
  76,642,399,000
• Net Sales FY '09 Rs
  108,151,087,000
• Share price (avg.) Rs 16.67
• Market Capitalization
  9,060,853,469

Shares Outstanding 671,174,331
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Capital of Rs 10 Billion
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Share Price (avg.) Rs 16.67
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Over 70 Shares owned By The Govt
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To be modal utility
Maintain High Level Professional Standards
Optimum Use of Resources
Providing Quality Service
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Reliable and sustainable Natural gas Supply
Meet The Energy Requirment
Efficiency, Responsibilty, ethics
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Core Values
Exellence
Teamwork
Integrity
Creativity
Sui Southern Gas Company
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Management
Dr. Faizullah Abbasi
Mr. Azim Iqbal
Mr. Salim Abbas
Finance
Internal Audit
Chairman
Customer Services
HR
MD
Mr. Shahid Jafri
Mr.Noorani
Ms. Meher
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Private Limited company
Ordinance 1984
Any one or more persons associated for any lawful
purpose by subscribing their name(s) to the
Memorandum of Association and complying with
other registration specific requirements of the
Companies Ordinance, 1984 may incorporate a
private limited company
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THE BLACK BERRY BEVERAGES (Pvt) Ltd
I chew the straw when I drink!
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Board of Directors
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Board of Directors
Profile
Age 22
MBA (Marketing)
Hamid Hussain
Harvard University (USA)
(Chief executive Officer)
Member of the Personnel Committee
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Board of Directors
Profile
Age 22
MBA (Finance)
LUMS University (PAK)
Kashif Iqbal
(Managing Director)
Managing Cash flows and Budgeting
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Board of Directors
Profile
Age 23
MBA (Marketing)
Faizan Ahmed
Institute of Business Administration (Pak)
(Executive Vice President, Markets )
Market and Product Specialization
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Board of Directors
Profile
Age 21
MBA (HR)
Muhammad Hassam
Iqra university (PAK)
(Executive Human Resources)
Human Relations and Corporate Dealings
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Board of Directors
Profile
Age 22
MBA (Finance)
Zaid Nisar
University of Chicago
(Chief Financial Officer )
Auditing and financial affairs
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Chief executive
Managment
Hamid Hussain
MD
Marketing
Faizan Ahmed
Kashif Iqbal
HR
Finance
Stake Holders
Muhamad Hassam
Zaid Nisar
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Job
Profit share
Investment
Shares
Share in Loss
Hamid
15 Million
CEO
1500000
1500000
1500000
Vice President
Faizan
12 Million
1200000
1500000
1500000
Managing Director
Kashif
10 Million
1000000
1500000
1500000
Financial officer
Zaid
500000
5 Million
1500000
1500000
Executive HR
Hassam
5 Million
500000
1500000
1500000
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Maximizing Customer Lifetime Value
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Customer profitability
Customer equity
Lifetime value
Customize for each customer
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The Black berry
Berry Sweet Iced Tea
Berry Coffee
Fresher Drink
Mixed Flavored Tea
Sunkist Orange
Cherry Coke
Berry Brewed Coffee
Mellow Yellow
Morning Sunshine
Tea - green
POPULAR PRODUCTS LINE
Berry Lemon Drink
Strawberry fun
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• Identify prospects and customers
• Differentiate customers by needs and value to
  company
• Interact to improve knowledge
• Customize for each customer

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HOW DID WE GET REGIASTERED?
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Company Registeration Process
Apply for a national tax number (NTN) and
register for income tax.
Register the company at the Registrar of Companies
Obtain stamp paper on which the Declaration of
Compliance will be drafted
Sought the Availability of Company Name
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MOA / AOA
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Form 1
Requiremnts
Registrar of Companies
Stamp of Rs. 500/
Witness
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Form 21
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Form 26
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Form 29
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Form26
Form 1
Form 21
Form 29
Form 107
This form is used for Share capital, assets of
company members
PARTICULARS OF DIRECTORS AND OFFICERS, OR OF ANY
CHANGE THEREIN
Notice of situation of registered office or any
change therein
Special Resolution
Used For Drafting Solvency Statement
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Winding Up
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winding up
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Difference between Private Public Company
Private Company
Public Company

• The company is owned by the company's founders,
  management or a group of private investors.
• Private companies are not required to disclose
  their financial information to anyone since they
  do not trade stock on a stock exchange.

• The company has sold a portion of itself to the
  public, of some of its stock, meaning
  shareholders have claim to part of the
  company's assets and profits.
• Public companies are required to file quarterly
  earnings reports with the Securities and Exchange
  Commission (SEC). This information is also made
  available to shareholders and the public. 

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Private Company
Public Company

• The minimum number of shareholders is two
• Maximum number is fifty.
• It cannot sell its shares to general public.
• Annual or half-yearly accounting statements are
  not required to be submitted wit the registrar.

• It must have at least seven members.
• No upper limit of the shareholders.
• In most cases they sell shares to the general
  public
• Accounting statements must be submitted with the
  registrar.

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Private Company
Public Company

• Issuance of prospectus to the public is not
  required.
• The auditors appointment is not compulsory for a
  private company with the capital less than three
  million rupees.
• Private companies are not listed on the stock
  exchange.

• Prospectus or a statement in lieu of prospectus
  must be issued for the general public if it wants
  to sell its shares on the open market.
• It must appoint an auditor.
• They are allowed to become a member of the stock
  exchange facilitating trading for their shares

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REFERENCES
http//www.secp.gov.pk/Guides/PromotersGuideEnglis
h-new.pdf http//www.secp.gov.pk/corporatelaws/pdf
/CO1984_20Feb09.pdf http//www.secp.gov.pk/corpor
atelaws/pdf/appointment_legal_advisors_act.pdf htt
p//www.secp.gov.pk/SECGuideSeries/PDF/Guide_Windi
ngUp.pdf
http//www.youtube.com/watch?vZLFhKXEZLbQ
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Thank you !