Incorporation of an NBFC and Grant of License as Investment Adviser

The Investment Adviser(IA) is a Non-Banking Finance Company(“NBFC”) licensed by the Securities and Exchange Commission of Pakistan (“SECP”) to carry out Investment Advisory Services in accordance with Part VIII-A of the Companies Ordinance, 1984 (the “Ordinance”) and the NBFC & NE Regulations, 2008 (the “Regulations”). IA shall be incorporated under the Ordinance read with the provisions of the NBFC Rules, 2003 (the “Rules”).

Following is the suggested chronological methodology for Incorporation of NBFC and licensing as IA.

NOC for Formation of NBFC

Application to Specialized Companies Division, SECP Headquarter Islamabad for obtaining permission to form a NBFC along with the following documents:

  • Form I of the Rules along with all relevant supporting documents
  • Fee with Form I (as per Schedule II of the Regulations)

NOC for formation of NBFC granted by SECP

Incorporation of NBFC

Incorporation of an NBFC as a public limited company, at the concerned Company Registration Office, as per the existing procedures, forms and fees.

Licensing as IA

Application to Specialized Companies Division, SECP Headquarter Islamabad for grant of license for to carry out Investment Advisory Services

  • Form II of the Rules along with all relevant supporting documents
  • Fee with Form II (as per Schedule II of the Regulations)

License granted by SECP

IA ESTABLISHED

Disclaimer:

The information contained on this page is for general guidance on formation of a Non-Banking Finance Company and grant of license as IA. Accordingly, the information on this page is provided with the understanding that the Securities and Exchange Commission of Pakistan is not herein engaged in rendering legal or otherwise professional advice and services. All information on this page is provided “as is”, with no assurance of any kind, express or implied, including, but not limited to assurance of providing a permission to form a NBFC and a license to carry out any one or more of the following forms of business in accordance with Part VIII-A of the Companies Ordinance, 1984. In no event will the Commission or its officers be liable to you or anyone else for any decision made or action taken in reliance on the information contained on this page or for any consequential damage.