U/S 42 OF COMPANIES ACT

1) Application for grant of license addressed to Commissioner.

2) Copy of name availability letter (as obtained from Company Registration Office-CRO).

3) Draft Memorandum and Articles of the proposed association.

4) List of promoters of the association with their occupations and addresses.

5) Declaration by a person that he has scrutinized the application and the accompanying documents, and that he is satisfied that the same are drawn up in conformity with the provisions of the Companies Act, 2017 and fulfill the conditions for the grant of license.

6) The names of companies, associations and other institutions in which the promoters of the proposed association hold any office (such as chief executive, directorship etc.) stating the office held in each case.

7) If the association is already in existence, a copy each of the audited balance-sheet, income and expenditure account and the annual report on the working of the association for the financial year immediately preceding the date of the application.

8) An estimate of the future annual income and expenditure of the proposed association, specifying the sources of income and objects related expenditure accompanied with letters of intents from local /foreign donors with addresses of donors and year wise donations. In case of foreign promoter / donor, the following additional (five sets of each) documents needs to be provided: · Draft Memorandum of Association · Copies of Computerized National Identity Cards (CNICs) of all Pakistani members and in case of foreigners, copy(ies) of passport(s); · Resume of all promoters · Estimated Income and expenditure statement, names of foreign donors along with letters of intents from foreign donors and year wise amount of donation.

9) A brief statement of the work already done by the association or proposed to be done after its being granted the licence and registration.

10) Power of Attorney on Stamp Paper of appropriate value made by all the promoters in favour of a person to present the application before the Commission on their behalf, and to make other amendments, additions, corrections etc in the documents and also to collect the licence from SECP.

11) An Affidavit / undertaking from each promoter to the effect that they have sufficient skills, expertise and resources for the attainment of objects of the proposed association. Moreover, the said undertaking should indicate that each promoter shall contribute a reasonable amount (e.g. Rs. 200,000/-) as start-up donation having regard to the circumstances of the case. The amount shall be deposited in the company’s account within a period of six months of the date of its incorporation which shall not be refundable to the promoters, directly or indirectly through any means, affidavit affirming correctness of contents of the application, affirming that promoters are not defaulters of loans.

12) Resume of all promoters

13) Photocopies of CNICs `{`copy(ies) of passport(s), in case of foreign promoter(s).

14) REGISTRATION OF ASSOCIATION AS A COMPANY Within 90 days after grant of license, the proposed association shall submit the following documents with the concerned CRO:

15) Form 1 (declaration of applicant for incorporation)

16) Form 21 (Notice of situation of registered office or any change therein)

17) Form 27 (List of persons consenting to act as directors)

18) Form 28 (Consent to act as directors)

19) Form 29 (Details/ particulars of directors)

20) Copy of Memorandum & Articles of Association