The following are the requirements for the registration of an association under section 42 of the Companies Ordinance 1984.
1. Registered Office Address (There must be office address of organization)
2. Objects of Association (What the association will do, its functions and purposes)
3. Three
Directors There shall be at least 3
directors (Copies of their CNIC are required)
4. Occupation
of Directors What is the present occupation (Designation and
organization name) of directors forming the association
5. Share Capital The amount which each director is contributing verbally in the association. That amount can be any such as 10,000 to 100,000. We have to make at least 100,000 basic amount in total. If it is more than 100,000 then incorporation fee increases.
6. Appointment
of Company Secretary There shall be at least one company secretary
appointed for one year at the time of incorporation. The company secretary
shall be at least MBA or Accountant by qualification. His CNIC copy would be
required.
7. Legal
Advisor A legal advisor of the association is mandatory.
8. National
Institution Facilitation Technologies Certificate (NIFT) In online
registration NIFT Certificates operate as witness to digital signatures. For
that reason we have to fill NIFT forms and pay them 1800 Rupees per director
for obtaining digital signatures for filing.
9. Webmail
Address In the NIFT forms we have to provide webmail addresses of
each directors. Such as Asif@PCDIA.org .. We
cannot use gmail, yahoo, hotmail, etc email addresses. We would be requiring passwords
of these email addresses also for downloading digital signatures and working on
them. If you do not have these addresses then we can purchase those for you in
almost 5000 rupees.
10. NTN Numbers NTN numbers of directors are required
Feel comfortable to ask us any question at internationalawyerinfo@gmail.com
Feel comfortable to ask us any question at internationalawyerinfo@gmail.com
Regards,
Salman Yousaf Khan (Golra)
Corporate Lawyer
+92-333-5339880
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