Incorporation of NBFC and Grant of License as a Private Fund Management Company
The Private Fund Management Company (PFMC) is a Non-Banking Finance Company licensed by the Securities and Exchange Commission of Pakistan (“SECP”) to carry out Private Equity and Venture Capital Fund Management Services in accordance with Part VIII-A of the Companies Ordinance, 1984, the NBFC & NE Regulations, 2008 and the Private Fund Regulations, 2015. PFMC shall be incorporated under the Ordinance read with the provisions of the NBFC Rules, 2003.
Following is the chronological methodology for Incorporation of NBFC and licensing as PFMC.
NOC for Formation of NBFC
Application to Specialized Companies Division, SECP Headquarter Islamabad for obtaining permission to form an 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 NBFC Regulations & Schedule I of the PF Regulations Regulations)
- Compliance with Fit and Proper of NBFC Regulations, along with all relevant supporting documents
Incorporation of NBFC
Incorporation of NBFC as a public limited company, at the concerned Company Registration Office, as per the existing procedures, forms and fees.
Licensing as PFMC
Application to Specialized Companies Division, SECP Headquarter Islamabad for grant of license for to carry out Private Equity and Venture Capital Fund Management Services
- Form II of the Rules along with all relevant supporting documents
- Fee with Form II (as per Schedule I of the PF Regulations)
The information contained on this page is for general guidance on formation of a Non-Banking Finance Company and grant of license as PFMC. 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.