How to get Paid Up Capital Certificate Pakistan

The Paid Up Capital Certificate is a fundamental document required by the Securities Exchange Commission of Pakistan (SECP) to verify that your newly incorporated company is active and all its declared Capital is true. Sometimes, people can claim to have a company worth 1 billion rupees but only have 1 thousand rupees in its bank account. That would not make sense for any investor, tax return, or auditor. If a company claims to do business using a Capital of 1 billion rupees, then 1 billion rupees should be reflected in its bank account or company assets. A paid up capital certificate is also called a “receipt of subscription money”. It is used to complete the FORM 1 process on the SECP Portal.

Example of a Paid Up Capital Certificate / Receipt of Subscription Mony

The image below shows an example Paid up Capital Certificate or Receipt of Subscription Money. It is printed on the issuing Chartered Accountant/Auditor’s letterhead and displays:

  • the company’s bank account number
  • company name
  • shareholders, and
  • each shareholder’s number of shares and contributions.

Requirements for obtaining a Paid Up Capital Certificate:

  1. A company Incorporated with the Securities Exchange Commission of Pakistan.
  2. It’s incorporation Certificate, obtained at the time of incorporation.
  3. The company’s Memorandum and Article of Association which indicates:
    • the Companies Capital
    • shareholders, and
    • the portions of their contribution to the capital.
  4. A corporate Bank account reflecting at least the amount of money deposited into it as stated as “Paid Up Capital” in the Memorandum or Article of Association.
  5. Account Statement
  6. A Chartered Accountant or Auditor

Obtaining a Paid Up Capital Certificate for your company is easy if you have a registered corporation with SECP, and a corporate bank account. Learn how to open a corporate bank account.

Process for Obtaining Paid Up Capital Certificate

All you have to do is deposit the capital or amount of money into your corporate bank account. SMC Private Limited Companies only require one depositor owning 100% of the shares. In case of a Private Limited Company with multiple shareholders, each shareholder needs to contribute their due share into the company’s bank account. When depositing these monies into the company’s account, whether through branch deposit, mobile banking app, or online banking, make sure to keep all records of transaction. These could be deposit slips or screenshots. This is just to track which account deposited how much money into what account on what date.

After you have done this, pick up the phone and call a Chartered Accountant or an Auditor. You can find one online, or through your friends. You can Contact Beyond Nothing .com and we can try referring you.

Tell them you have this company and need a Paid Up Capital Certificate. They will negotiate a price with you and ask you for the above mentioned items: Complete Legal Name of your Company, Article of Association, Bank Statement, transaction screenshots, etc., and their fees.

To learn how to obtain Certified True Copies (CTCs) of your Memorandum or Article of Association, read this article.

Save your Receipt of Subscription Money

Sometimes when making transactions for paid up capital, we forget to take a screenshot. In that case, generate an account statement for the period you made the transaction (of the depositing account) and highlight the transaction related to your deposit. Do the same for your company’s account and highlight the transaction that shows the receiving of that money.

Learn how to open a Corporate Bank account in Pakistan

What are the different modes of payment for SECP

How to obtain a Certified True Copies of your company’s documents

How to register a company in Pakistan