Any person may form a single member company in Pakistan. Single Member Company or “SMC” means a private company which has only one member/director and will avail privileges of limiting the liability. Subject to certain modifications, all the provisions of the companies-law-Pakistan-company-registration-Pakistan Companies Ordinance, 1984 which apply to private companies limited by shares will apply to single member companies.
The introduction of the concept of a single member company has facilitated sole proprietorships to obtain corporate status, giving them the privilege to limit the liability of their proprietor. All the shares are vested with single member/director, however, person is required to nominate two individuals, one of whom shall become nominee director in case of death of the single member/director and the other shall become alternate nominee director to work as nominee director in case of non-availability of the nominee director and also Single-Member Company is required to appoint a company secretary.
City Laws Associates have dealt with various registration of single member companies in Pakistan like health and care related single member companies, real estate single member companies, garments related single member companies, furniture related single member companies , electronics related single member companies, IT related companies, service oriented single member companies, travel and tour related single member companies, construction related single member companies , manufacturing related single member Companies. Jewelry related services companies, home decoration related companies, event management & wedding decoration related single member companies.
City Laws Associates can advise you on registration of Single-Member Company and other related matters to individuals, firms, companies both local and foreign. You can contact us for detailed consultancy and advice.
