Islamabad, Nov 19: SECP Significantly Increases Fees for Company Registration Amid Reforms
The Securities and Exchange Commission of Pakistan (SECP) has announced a substantial hike in fees for document submissions by various categories of companies. This increase, enacted through SRO 1806(I)/2024, amends the Seventh Schedule of the Companies Act 2017.
Revised Fee Structure
The SECP has raised the electronic submission fee for registering a company with a nominal share capital of up to Rs. 100,000 from Rs. 1,100 to Rs. 5,500. For manual submissions, the fee has increased from Rs. 2,200 to Rs. 10,000.
For applications seeking approval, sanctions, permissions, exemptions, directions, or confirmations from the Commission or registrar, the SECP has introduced non-refundable processing fees.
- Proposed Name Reservation:
- Electronic Submission: Fee increased from Rs. 200 to Rs. 1,000.
- Manual Submission: Fee raised from Rs. 500 to Rs. 2,000.
The SECP has also imposed a new fee structure for companies seeking registration as a group under regulations 138/140 of the Companies Regulations 2024:
- Electronic Submission: Rs. 100,000.
- Manual Submission: Rs. 100,000.
Implementation and Objectives
These changes align with the SECP’s commitment to modernizing corporate regulations and streamlining procedures under the Companies Act. The increased fees reflect efforts to optimize application processing and enhance digital services.
This adjustment emphasizes the need for businesses to adopt electronic submissions to save costs and time, as manual submissions have been made significantly more expensive.
For businesses, it is crucial to plan document submissions accordingly, ensuring compliance with the revised fee structure to avoid disruptions.
