Registration of Companies in September 2009
The Securities and Exchange Commission of Pakistan (SECP) registered 192 companies during the month of Sep, 2009. The total corporate portfolio as on 30th Sep, 2009 comprises of 53,780 registered companies.
Total 192 companies incorporated during Sep, 2009, comprise of 1 public unlisted company, 175 private companies, 15 single member companies and 1 association not for profit under section 42 of the Companies Ordinance, 1984 (the ‘Ordinance’).
Total authorized capital and paid up capital of companies, incorporated during Sep, 2009 amounted to Rs. 1,233.22 million and Rs. 539.13 million respectively.
During Sep, 2009, number of new incorporation was highest at Lahore, whereby 71 companies have been registered, followed by Islamabad registering 55 companies, Karachi with 47 companies. Peshawar, Multan and Faisalabad registered 8, 6 and 5 companies respectively.
Major share of new incorporation was witnessed in the services sector comprising of 28 companies, followed by 19 in construction, 16 in information technology sector, 15 in trading sector, 12 in communications and 11 each in transport and pharmaceutical sector.
During the month, the Commission granted licences to 2 associations not for profit under Section 42 of the Ordinance, both for promotion of charitable and relief purposes.