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advanced accounting 1.docx
- 1. GC university Lahore Advanced Accounting topics Step1:Approval of CompanyNameThisisthe firststepof companyregistrationinPakistanischoosing the company’sname.Itisimportanttodevise auniquecompanyname thatwouldsetyouapartfrom the restinthe industry.Step2:Submissionof DocumentsOnce the companynamegetsapproval,you needto submitthe incorporationdocumentstothe SecuritiesandExchange Commissionof Pakistan (SECP).Step3:Certificate of IncorporationAftersubmittingthe documents,the SECPevaluatesthem. They check their validity. A digital signature is granted by the National Institutional Facilitation Technologies (NIFT) and can be acquired through the SECP. Also, they issue the certificate of incorporation.A presentationof the companymay be needed.However,thisdependsonwhere the business started. Step 4: Deposit of Shares After the registration,shareholders must deposit their correspondingnumberof sharestothe company’sbankaccount.Step5:Registrationof Income,Sales, and Professional Taxes, in conclusion, the last step of company registration in Pakistan is the registrationwiththeFederal Boardof Revenue (FBR)andthe issuance of anationaltax number(NTN). A sales tax registration number may be registered if applicable.