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Conversion of SMC to Private Limited

To convert a Single Member Company (SMC-Private) to a Private Limited Company in Pakistan, you must submit specific forms and supporting documents to the Securities and E...

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Requirements & documents

What you need for Conversion of SMC to Pvt

  • To convert a Single Member Company (SMC-Private) to a Private Limited Company in Pakistan, you must submit specific forms and supporting documents to the Securities and Exchange Commission of Pakistan (SECP).
  • Core Required Documents
  • Special Resolution: A certified copy of the resolution passed to change the company status.
  • Amended Memorandum of Association (MOA): Updated to reflect the new multi-member structure and objects.
  • Amended Articles of Association (AOA): Updated to remove SMC-specific clauses and add standard private company regulations.
  • Affidavit: A notarized affidavit on a Rs. 100 stamp paper from the Chief Executive verifying the facts of the conversion application.
  • Bank Challan: Original proof of payment for the conversion and filing fees.
  • Statutory Forms to FileForm 26: The primary form for filing the Special Resolution, typically submitted within 15 days of the meeting.
  • Form 29: Used to notify the SECP of the appointment of at least one additional director.
  • Form 3 (or Form S1): Filed if there is an allotment or transfer of shares to the new member(s).
  • Form 2 (Application for Conversion): The formal application for changing the legal status of the entity.
  • Additional Requirements
  • CNIC Copies: Scanned copies of the CNICs or passports of all newly appointed directors and shareholders.
  • NOCs: Original "No Objection Certificates" (NOCs) from relevant authorities if the company is in a specialized/licensed business, or from registered creditors/charge holders if applicable
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