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SECP registers 1,130 new companies in December SECP registers 1,130 new companies in December

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Old Wednesday, January 02, 2019
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Default SECP registers 1,130 new companies in December
As compared to the corresponding month of last financial year, it represents a growth of 43 percent raising the number of registered companies to 94,205. The massive increase is the result of the SECP’s various reforms measures, i.e. introduction of simplified combined process for name reservation and incorporation, reduction of fee, assistance of incorporation by facilitation wings of CROs etc.

Around 74 percent companies were registered as private limited companies, while around 24 percent were registered as single member companies. Two percent were registered as public unlisted, non-profit associations, foreign companies and limited liability partnerships (LLP).
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