Showing posts with label Single Member Company. Show all posts
Showing posts with label Single Member Company. Show all posts

Saturday, August 31, 2013

About Single Member Company

There is often much confusion and misinformation (usually disseminated  by the local bar stool expert) as to what type of entity a Single Member Company actually is. Let's clear it up then!
Single Member

A Single Member Private Limited Company does not, first and foremost ,mean that the company can have only one director!

A member is a shareholder or in effect a company owner. In many small companies the company members i.e. shareholders may indeed be one and the same as the company directors.

A Single Member Company is therefore no different from any other private limited company other than the fact that the entire issued share capital is held or owned by one single/sole person i.e the single member hence, the designation "single member company".

Register Your Company In Pakistan - Requirements and Procedure

Company Registration in Pakistan - Requirements and Procedure:

Registration of a Private Limited Company, Single Member Company, Pubic Limited Company in Pakistan:
This brief overview explains, in very general terms, the procedure and requirements for registration of a company in Pakistan. These brief notes are for general guidance only and should not be taken as a substitute for thorough and professional legal advice.

Types and Forms of Companies which may be Registered in Pakistan:
The following types of companies may be registered in Pakistan:
  • A private limited company, which may be a single member company
  • A public limited company, which may be listed or unlisted
  • A foreign company