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    SMC Private Limited

    A Single Member Company (SMC) is a class of private company, limited by shares, which can be incorporated with one member. SMC does not invite the public to subscribe for any share of the company.
    Benefits
    Incorporating SMC (PVT) LTD business, the following are the advantages that that can be availed:
      • SMC has a separate legal entity from its member;
      • Liability of the member is limited to the amount of his investment;
      • Single member of a SMC has complete control over how the business is operated;
      • The transformation of sole proprietorship into SMC will, help in documentation of economy; and
      • The single member may make all business decisions independently and receive the full share of distributed profits.
    Limitations
    • Suitable for small-scale businesses only.
    Rules & Regulations
    • All the shares are named to the only owner. However, it is required to nominate the other person in case of death or demise. The nominated person will act as nominee director for the first one; and
    • Single Member Company Private Limited is regulated under Companies Act, 2017.

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      Attachments

    • Business Letterhead

    • Latest Paid Utility Bill

    • Property documents/ Rent Agreement along with CNIC of Landlord

    • CNIC of the Director & Nominee Director and personal details include Mobile Number & Email Address

    • Business Activity


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