Section 42 Companies
Section 42 Company Registration in Pakistan
Legal guidance on SECP licensing, incorporation, governance and continuing compliance for not-for-profit companies under Section 42 of the Companies Act, 2017.
A corporate structure for not-for-profit purposes
Section 42 of the Companies Act, 2017 provides a company structure for associations formed for charitable and not-for-profit objects. A licence from the Securities and Exchange Commission of Pakistan is required before incorporation under this route.
The objects, governance model and proposed activities should be settled before the licensing documents are prepared.
How we assist
Objects & governance
Review the proposed objects, board structure and governance arrangements.
Licensing documents
Prepare or review the memorandum, articles, application and supporting documents.
SECP process
Address regulatory observations and documentation issues during licensing and incorporation.
Post-incorporation
Advise on continuing company-law, governance and related regulatory obligations.
Consultation
Discuss the legal and regulatory requirements for your organisation.
The applicable route depends on the organisation’s legal structure, activities, funding arrangements and the regulator involved.