Company Registration In Pakistan

Introduction: In Pakistan, the Employees' Old-Age Benefits Institution (EOBI) plays a crucial role in providing social security benefits to employees. Registering with EOBI is mandatory for companies to ensure that their employees have access to old-age benefits. In this article, we will explore the steps and procedures involved in Company Registration In Pakistan for EOBI. Understanding EOBI: The Employees' Old-Age Benefits Institution (EOBI) is a social security institution in Pakistan responsible for providing old-age benefits, including pensions, to employees. It aims to support workers financially during their retirement years. Applicability and Mandatory Registration: EOBI registration is mandatory for all industrial, commercial, and other establishments where ten or more persons are employed. As per the EOBI Act, 1976, companies falling under this criterion must register with EOBI within 30 days of employing ten or more workers. Documentation Requirements: To initiate t...

Introduction: In an ever-evolving business landscape, regulatory frameworks play a pivotal role in shaping the way companies operate and are governed. In Pakistan, the Companies Ordinance 2021 represents a significant milestone, bringing about substantial changes to the legal landscape governing businesses. In this article, we will explore the implications of the Companies Ordinance 2021 on Company Registration In Pakistan.  1. Digital Transformation: The Companies Ordinance 2021 places a strong emphasis on digitalization, aiming to streamline and modernize administrative processes. The introduction of electronic filing systems for various documents and applications simplifies the company registration process, making it more efficient and accessible. The use of technology enhances transparency, reduces paperwork, and accelerates the overall registration timeline.  2. Single-Member Companies: One noteworthy feature introduced by the Companies Ordinance 2021 is the provision for...