Business Desk 
Nov 19, 2024
The Securities and Exchange Commission of Pakistan (SECP) has significantly raised fees for company registration and document submissions under the Companies Act 2017.
This change impacts companies across various categories and aims to streamline application processes.
SECP recent registration fees
For companies with a nominal share capital of up to Rs100,000, the fee for electronic submissions has increased from Rs1,100 to Rs5,500. For manual submissions, the fee has risen from Rs2,200 to Rs10,000.
Similarly, the fee for reserving a company name has also increased. For electronic submissions, it is now Rs1,000 (up from Rs200), while manual submissions would cost Rs2,000 (previously Rs500). These revisions are part of the SECP’s new notification, SRO 1806(I)/2024.
Group registration fees introduced
The SECP has introduced new fees for group company registrations under regulations 138/140 of the Companies Regulations 2024. Companies would now pay Rs100,000 for both electronic and manual submissions in this category.
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The changes also affect applications seeking approvals, exemptions, or confirmations from the SECP or registrar. A non-refundable processing fee is required, emphasising the importance of careful documentation.
These fee increases are likely to affect startups and small businesses the most, as they would need to account for higher costs during the registration process. However, the SECP states that the updates are designed to improve service quality and efficiency.
