SECP Has Increased Fees for Submission

SECP Has Increased Fees for Submission

SECP has increased fees for submission of documents by different categories of companies. The new fees will be effective from March 8, 2023.

The SECP has raised the fee for registration of companies whose nominal share capital does not exceed Rs 100,000. The new fee for electronic submission is Rs 2,200 and the new fee for physical submission is Rs 5,000.

The SECP has also increased the fee for filing, registering, or recording any document notifying particulars relating to a mortgage or charge or pledge or other interest created by a company. The new fee for electronic filing is Rs 10,000 and the new fee for physical filing is Rs 15,000.

The SECP has also increased the fee for companies established outside Pakistan which has a place of business in Pakistan. The new fee for electronic filing is Rs 11,000 and the new fee for physical filing is Rs 15,000.

SECP Fees Increased for registration of a company

For registration of a company whose nominal share capital exceeds 100,000 rupees, the additional fee will be determined according to the amount of nominal share capital as follows:

  • For every Rs 100,000 of nominal share capital or part of Rs 100,000 up to Rs 5,000,000,000 a fee of Rs 700 will be charged.
  • For every Rs 100,000 of nominal share capital or part of Rs 100,000 after the first Rs 5,000,000,000, a fee of Rs 165 will be charged.

A company which is wholly owned by the federal government and has been notified by the federal government in the official Gazette for exemption from paying fee shall be charged a fee of Rs 10,000.

The fee payable at the time of registration of company shall not exceed forty million rupees in case of electronic submission and fifty million rupees in case of physical submission.

The SECP has also said that the fee mentioned shall be increased by 10% after the lapse of one year from the date of this notification.

The SECP has said that the increase in fees is necessary to meet the cost of providing services to companies. The SECP has also said that the increase in fees will help to ensure that only serious companies are registered in Pakistan.

Seventh Schedule

(See section 462 and 469)

Table of Fees to be Paid to the Registrar and the Commission

 

Item For

submission of

documents

electronically

Rs.

For

submission

of documents

in physical

form

Rs.

I. By a company having a share capital:-
(1) For registration of a company whose nominal share capital

does not exceed 100,000 rupees, a fee of ….

2,200 5,000
(2)        For registration of a company whose nominal share capital

exceeds 100,000 rupees, the additional fee to be determined

according to the amount of nominal share capital as follows,

namely—

(i)         For every 100,000 rupees of nominal share capital or part of

100,000 rupees, up to 5,000,000,000 rupees, a fees of ….

700 700
(ii)        For every 100,000 rupees of nominal share capital or part of

100,000 rupees after the first 5,000,000,000 rupees, up to any

amount of fee of …:

Provided that a company which is wholly owned by the

Federal Government and has been notified by the Federal

Government in the official Gazette for exemption from paying fee

shall be charged a fee of Rs. 10,000:

Provided further that the fee payable at the time of

registration of company shall not exceed forty million rupees in case

of electronic submission and fifty million rupees in case of physical

submission.

Provided also that the fee mentioned in sub-item (1) and

sub-item (2) shall be increased by 10% after the lapse of one year

from the date of this notification.

165 165
(3)        For registration of an increase in the share capital made after

the first registration of the company, an amount equal to the

difference between the amount which would have been payable on

registration of the company by reference to its capital as increased

and the amount which would have been payable by reference to its

capital immediately before the increase, calculated at the rates given

under sub-item (2):

Provided that increase in fee by 10% as mentioned in third

proviso of sub-item (2) shall not be applicable to enhancement of

capital fee:

 

Provided further that no such fee shall be applicable on

registration of an increase in authorized share capital of a transferee

company after merger consequent to sanction of application for

compromises, arrangements or reconstruction for merger of

companies by the Commission pursuant to Section 279 to 282 or

section 284 of the Act, to the extent of aggregate of authorized

capital of the transferor and transferee companies.

Explanation.-For the purpose of calculation of fee for

registration of an increase in the share capital of the company which

has shifted from physical mode of filing to electronic mode of filing,

the difference of fee shall be calculated on the basis of the rates

applicable for electronic submission on the amount of capital before

and after such increase:

Provided further that where a company to be formed has

been notified by the Federal Government in the official Gazette to

be wholly owned by it, a fee of Rs.10,000/- shall be charged

irrespective of amount of share capital.

(4)        For conversion of any existing company not having share

capital into a company having a share capital, the same fee as is

charged for registration of a new company having share capital.

(5) For filing, registering or recording any document notifying particulars relating to a mortgage or charge or pledge or other interest created by a company, or any modification therein or satisfaction thereof, a fee of…. 11,000 15,000
(6)        For filing, registering or recording the particulars relating to

satisfaction of mortgage or charge or pledge beyond the period

prescribed under section 109 but not exceeding one year, a fee of

11,000 16,500
(7)        For filing, registering or recording the particulars relating to

satisfaction of mortgage or charge or pledge beyond one year of the

period prescribed under section 109, a fee of …

16,500 24,750
(7A) For filing, registering or recording any document notifying

particulars relating to a scheme of amalgamation and allied

documents prescribed under section 284, the following fee to be

determined in accordance with the classification of the transferee

company given in the Third Schedule to this Act namely:-

Small Sized Company 100,000 200,000
Public Sector Company, as defined in the Act, directly or indirectly

wholly owned by Federal Government

50,000 100,000
Any other Public Sector Company 100,000 200,000
Medium Sized Company 250,000 500,000
Large Sized Company 350,000 700,000
Public Interest Company, excluding Public Sector Company 500,000 1,000,000
(8) For filing, registering or recording any document other than

that at sub-items (5), (6), (7) and (7A) above, required to be filed,

registered or recorded under the Act or making a record of any fact

under the Act, a fee of ….

Provided that the aforesaid fee shall be increased by 10%

after the lapse of one year from the date of this notification.

1,000 1,500
II. By a company limited by guarantee and not having a share

capital, other than a company registered under a licence

granted under section 42.

(1) For registration of a new company, a fee of ….

 

(2)        For conversion of any existing company having a share

capital into a company limited by guarantee, the same fee as is

charged for registration a new company in terms of sub-item (1).

(3)        Companies limited by guarantee and having share capital

shall be charged registration fee as mentioned at item I above.

22,000 33,000
(4) For filing, registering or recording any document notifying

particulars relating to a mortgage or charge or pledge or other

11,000 15,000
interest created by a company, or any modification therein or

satisfaction thereof, a fee of ….

(5)        For filing, registering or recording the particulars relating to

satisfaction of mortgage or charge or pledge beyond the period

prescribed under section 109 but not exceeding one year, a fee of…

11,000 16,500
(6)        For filing, registering or recording the particulars relating to

satisfaction of mortgage or charge or pledge beyond one year of the

period prescribed under section 109, a fee of …

16,500 24,750
(6A) For filing, registering or recording any document notifying

particulars relating to a scheme of amalgamation and allied

documents prescribed under section 284, the following fee to be

determined according to the classification of the transferee

company, given in the Third Schedule, namely:-

Public Sector Company, as defined in the Act, directly or indirectly

wholly owned by Federal Government

50,000 100,000
Any other Public Sector Company 100,000 200,000
Medium Sized Company 250,000 500,000
Large Sized Company 350,000 700,000
Public Interest Company, excluding Public Sector Company 500,000 1,000,000
(7) For filing, registering or recording any document other than

that at Sr. No. (4), (5), (6) and (6A) above, required to be filed,

registered or recorded under the Act or making a record of any fact

under the Act, a fee of…

Provided that the aforesaid fee shall be increased by 10%

after the lapse of one year from the date of this notification.

1,000 1,500
III. By a company registered under a licence granted under

section 42 and not having a share capital:-

(1) For an application seeking grant of licence, a non-refundable

processing fee of …

150,000 150,000
(2) For registration, a fee of ….. 27,500 55,000
(3)        Companies limited by guarantee and having share capital

shall be charged registration fee as mentioned at item I above.

(4) For filing, registering or recording any document notifying

particulars relating to a mortgage or charge or pledge or other

interest created by a company, or any modification therein or

satisfaction thereof, a fee of….

11,000 15,000
(5)        For filing, registering or recording the particulars relating to

satisfaction of mortgage or charge or pledge beyond the period

prescribed under section 109 but not exceeding one year, a fee of…

11,000 16,500
(6)        For filing, registering or recording the particulars relating to

satisfaction of mortgage or charge or pledge beyond one year of the

period prescribed under section 109, a fee of …

16,500 24,750
(6A)                   For filing, registering or recording any document

notifying particulars relating to a scheme of amalgamation and

allied documents prescribed under section 284, the following fee to

be determined according to the classification of the transferee

company, given in the Third Schedule, namely: –

Public Sector Company, as defined in the Act, directly or indirectly

wholly owned by Federal Government

50,000 100,000
Any other Public Sector Company 100,000 200,000
Medium Sized Company 250,000 500,000
Large Sized Company 350,000 700,000
Public Interest Company, excluding Public Sector Company 500,000 1,000,000
(7) For filing, registering or recording any document other than

that at Sr. No. (4), (5), (6) and (6A) above, required to be filed,

registered or recorded under the Act or making a record of any fact

under the Act, a fee of …..

Provided that the aforesaid fee shall be increased by 10%

after the lapse of one year from the date of this notification.

1,000 1,500
IV.       By a company established outside Pakistan which has a

place of business in Pakistan:-

(1) For filing, registering or recording a document containing

charter/ statute/ memorandum and articles, etc. for registration by a

11,000 22,000
foreign company under the Act required or authorized to be filed,

registered or recorded a fee of …..

(2) For filing, registering or recording any document notifying

particulars relating to a mortgage or charge or pledge or other

interest created by a company, or any modification therein or

satisfaction thereof, a fee of….

11,000 15,000
(3)        For filing, registering or recording the particulars relating to

satisfaction of mortgage or charge or pledge beyond the period

prescribed under section 109 but not exceeding one year, a fee of…

11,000 16,500
(4)        For filing, registering or recording the particulars relating to

satisfaction of mortgage or charge or pledge beyond one year of the

period prescribed under section 109, a fee of …

16,500 24,750
(5) For filing, registering or recording any document other than

that at Sr. No. (2), (3) and (4) above, required to be filed registered

or recorded under the Act or making a record of any fact under the

Act, a fee of ….

Provided that the aforesaid fee shall be increased by 10%

after the lapse of one year from the date of this notification.

1,000 1,500
V.        For inspection of documents and register kept by the

registrar in respect of a company, a fee of …..

200 500
VA.                   Annual supervision fee payable by unlisted/

unlicensed Public Interest Companies on 1st January each year−

100,000 100,000
VI.

(1) For a certified copy of the certificate of incorporation or a

certificate of commencement of business or a certificate of

registration of mortgage or charge or any other certificate or license

issued under the Act, a fee of….

 

100

 

600

 

(2)        For a certified copy of the Memorandum and Articles of

Association of private limited company, a fee of .…

250 1,500
(3)        For a certified copy of the Memorandum and Articles of

Association of other than a private limited company, a fee ….

500 3,000
(4)        For a certified copy of any return excepting financial

statements, of private limited company, a fee of…

100 600
(5)        For a certified copy of any return excepting financial

statements, of other than a private limited company, a fee of ….

200 900
(6)        For a certified copy or extract of any other document,

financial statements or register, calculated at the rate, per page or

fractional part thereof required to be copied, subject to a minimum

fee of one hundred rupees, a fee of ….

20 20
(7) For electronic certified copy of following system generated

reports/data:

(i) System generated company profile of a company, a fee

of….

1,000
(ii) System generated register/report of outstanding charges/

mortgages of a Company, a fee of….

2,000
(iii) System generated detail of officers of a Company, a fee

of….

200
(iv) System generated detail (name, address, capital) of a

company, a fee of….

200
VII. System generated reports:-
(1)        For providing a system generated list of companies

registered with the Commission, a fee calculated at the rate per data

field, subject to a minimum fee of five hundred rupees, a fee of …

Rs. 2 per data

field

Rs.    2    per

data field

(2)        For a system generated company profile, per company, a

fee of …

Provided that the Commission shall approve fee to be

charged from respective Federal and Provincial government

departments, organizations and authorities from time to time.

200 200
VIII. Annual fee payable by an inactive company under section

424 of the Act, payable on 1st January each year after obtaining

the status of an inactive company-

(1)        not having any capital 1,000 2,000
(2)        having an authorized share capital of-

(i)         up to Rs. 5.0 million, a fee of ….

(ii)        more than Rs. 5.0 million and up to Rs. 10.0 million, a fee

of ….

(iii)       more than Rs. 10.0 million, a fee of ….

 

1,000

2,000

 

 

5,000

 

2,000

4,000

 

 

10,000

X.        For seeking approval, sanction, permission, exemption,

direction or confirmation of the Commission or the registrar in

the following matters, as the case may be, a non-refundable

application processing fee in respect of application for-

(1)        Reservation of any proposed name for registration of a

company from the registrar under section 10, a fee of….:

200 500
(2)        approval for change of name of a company under section 11

and 12, a fee of ….

2,500 5,000
(3)        alteration in memorandum of association under section 32,

a fee of ….

5,000 10,000
(4)        conversion of status of company from a public company to

a private company under section 46, a fee of ….

2,500 5,000
(5)        conversion of status of a company from a private company

to a single member company under section 47, a fee of ….

2,500 5,000
(6)        conversion of status from an unlimited company to a

limited company under section 48, a fee of ….

2,500 5,000
(7)         conversion of status of a company limited by guarantee to

a company limited by shares under section 49, a fee of ….

2,500 5,000
(8)        issuance of shares at discount under section 82, a fee of …. 5,000 10,000
(9)

(i)         issuance of further share capital, otherwise than right

under section 83, a fee of ….

(ii)        for approval of Employee Stock Option Scheme under

section 83, a fee of ….

(iii)       issuance of shares with different rights and privileges, a

fee of

 

25,000

 

25,000

 

25,000

 

50,000

 

50,000

 

50,000

(10)      rectification in the particulars of mortgages or charges or

pledge or extension in time for filling the particulars of mortgages

or charges or pledge under section 108, a fee of ….

5,000 7,500
(10A) approval to extend period under section 125, a fee of ….. 5,000 10,000
(11)      extension in the prescribed period for holding annual general meeting under section 132, a fee of …

(i)         by a public company, a fee of ….

(ii)        by a private company, a fee of ….

 

 

10,000

3,000

 

 

15,000

5,000

(12)      direction for holding annual general meeting/ Extra

Ordinary General Meeting under section 147-

(i)         by a public company, a fee of ….

(ii)        by a private company, a fee of

 

 

10,000

3,000

 

 

15,000

5,000

(12A) relaxation from any of the requirements of Listed Companies (Code of Corporate Governance) Regulations, 2017, a fee of ……… 100,000 100,000
(13)      fresh election of directors by company under section

162, a fee of ….

5,000 10,000
(14)      approval of loan to director under section 182, a fee of…. 5,000 10,000
(14A) approval to appoint sole purchase, sales agent under section 196, a fee of …. 5,000 10,000
(15)      approval for preparation of accounts of more than one year under section 223, a fee of …. 2,500 5,000
(16)      seeking modification under section 225, in respect of requirements of the relevant Schedule, a fee of …. 2,500 5,000
(17)      exemption under section 225 from the applicability of

fourth schedule or fifth schedule, a fee of ….

2,500 5,000
(18)      exemption from the applicability of section 228, a fee of 2,500 5,000
(18A) approval for extension of financial year under 229, a fee of …. 2,500 5,000
(18B) approval to withhold or defer payment under section 243, a fee of …. 5,000 10,000
(19)      appointment of auditor under section 246, a fee of…. 2,500 5,000
(20)      investigation into the affairs of a company under section 256, a fee of …. 10,000 20,000
(21)      approval of the Commission to refer the matter to the Mediation and Conciliation Panel under section 276, a fee of …. 5,000 10,000
(21A)                 Approval for empanelment on Mediation and Conciliation Panel, a fee of …. 50,000 50,000
(22) sanctioning compromise or arrangement including reconstruction, amalgamation or division under section 279 to 282, the following fee to be determined according to the classification of the transferee company, given in the Third Schedule, namely:-
Small Sized Company 250,000 500,000
Public Sector Company, as defined in the Act, directly or indirectly wholly owned by Federal Government 200,000 400,000
(23)      appointment of Administrator under section 291, a fee of 10,000 20,000
(24)      obtaining the status of an inactive company under section 424, a fee of …. 5,000 10,000
(25)      for an application by an inactive company for obtaining the status of an active company under section 424, a fee of …. 5,000 10,000
(26)      restoration of name of a company, struck off by the registrar under section 425 …. 5,000 10,000
(27)      easy exit of a company by striking its name off the register under section 426, a fee of 5,000 10,000
(28) registration as intermediary under section 455, a fee of ….

(i) for individuals:

Registration Fee

Correction/ Update Fee

Filing Fee

(ii) for Firms/Companies/Limited Liability Partnerships:

Registration processing Fee

Correction/ Update Processing Fee

Filing Fee

 

 

10,000

2,000

500

 

10,000

5,000

 

500

 

 

10,000

2,000

500

 

10,000

5,000

500

(29)      approval by the Commission sought by a real estate company under section 456, a fee of …. 25,000 50,000
(30)      registration as valuer under section 460, a fee of … 10,000 20,000
(31)      licence as transfer agent under section 467, a fee of …. 10,000 20,000
(32)      issuance of duplicate of any certificate issued under the provisions of the Act or the rules or regulations framed thereunder, a fee of …. 1,000 2,000
(33)      for an application other than those specified in this item or an appeal submitted to the registrar or the Commission under the Act by or on behalf of a company, a fee of …. 500 1,000
(34)      for an application/appeal /complaint submitted to the registrar or the Commission under the Act-

(i)         by a member of the company or any other person having dealing with the company, a fee of …

(ii)        by any creditor of the company, a fee of…

 

 

500

 

500

 

 

500

 

1,000

(35)      for processing under Fast Track Registration Services (FTRS), the FTRS fee shall be in addition to normal fee and charged as given be below:-
(i)         for incorporation of a company… Equal        to

normal     fee

but subject

to maximum

of

Rs. 10,000

Equal             to

normal fee but

subject           to

maximum of

Rs. 20,000

(ii)        for reservation of any proposed name for registration of company… 500 1000
(iii)       for seeking approval of change of name… 2,500 5,000
(iv)       for filing, registering or recording any documents notifying

particulars relating to a mortgage or charge or pledge or other

interest created by a company, or any modification therein or

satisfaction thereof…

5,000 7,500

Notes:

(i)         The fee for submission of documents electronically shall be applicable only for the documents for which the facility of filing or lodging the documents electronically has been provided by the Commission.

(ii)        Where no fee has been prescribed for submission of documents electronically, the documents can only be submitted in physical form.

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