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. |
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| (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.
