Single Digital Registration Certificate introduced for registration with 7 Federal & Provincial agencies through SECP’s e-services portal.
|Single Digital Registration Certificate for 7 agencies through SECP’s e-services portal.
Before: New companies were required to obtain separate incorporation certificates from several agencies, causing hassle and adding to the cost and time.
After: Joint incorporation certificate by 07 agencies is issued electronically in one day, with QR code for verification.
|Limited Liability Company (LLC)
|PESSI , Labour & Human Resource Departments and Excise & Taxation Departments of Punjab
|Date of Implementation
|● Separate/physical incorporation certificates were required to be obtained from all relevant agencies (7 agencies). The whole process took more than a week to complete.
|● As data exchange arrangements between SECP and 8 departments of federal and provincial governments already existed, it was possible to issue registration certificates simultaneously.
|● After discussion between SECP and other departments an agreement was reached to issue a joint incorporation certificate, which was finally implemented in April, 2021.
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