This blog is the latest one for the ongoing Blog Series of KCO Blogs (Phase 2). This particular smallish blog is written by Mr. Rizwan Abbas, Associate Taxation and Corporate Services. This blog can be well understood if read in conjunction of yesterday’s blog. Please read this blog and provide your comments.
Company Name Reservation
After completing the registration process the next step towards company incorporation is to submit a combined or separate application for name reservation. This process can take through two modes.
- Through E-services (online mode)
- Through physical forms
Hereby we declare the method of online mode. Firstly three proposed names of the company being registered is entered in the form, kinds of company are not mentioned with the name (i.e. pvt.Ltd, Ltd etc.) The next tab is opened after few minutes. Here the entries are principal line of business relating with the business activities. After entering the principal line put the significance of proposed name in two to three lines.
After entering the particulars fill detail of authorized intermediary then click on continue button after that a SECP challan will be generated select the nearest banking option print and submit with the concern bank.
While in case of offline mode print name reservation application from SECP website fill all the blanks with particular data same like as online mode generate challan from eservices and submit with bank.
After confirmation of payment one name is reserved for our company from those three names which we gave initially. This name is reserved for only 60 days. If the compliance is not made within sixty days SECP has right to cancel the reserve name and allot to someone else.