Company Formation:

1. Choose a Business Structure:

   • Decide on the type of company, such as a private limited company, single-member company, or a public limited company.

2. Name Reservation:

   • Reserve a unique business name through the Securities and Exchange Commission of Pakistan (SECP).

3. Draft and File Documents:

   • Prepare the Memorandum and Articles of Association.
   • File the required documents with the SECP.

4. Incorporation Certificate:

   • Upon approval, the SECP issues a Certificate of Incorporation.

5. Tax Registration:

   • Register the company for tax purposes with the Federal Board of Revenue (FBR).

NGO Formation:

1. Choose a Legal Structure:

   • Decide whether to register as a society, trust, or as a non-profit company under Section 42 of the Companies Act.

2. Draft and Adopt a Constitution:

   • Draft a constitution outlining the objectives, structure, and rules of the organization.

3. Registration with the Relevant Authority:

   • Register with the appropriate regulatory authority, such as the Registrar of Societies or the SECP.

4. Tax Registration:

   • Obtain tax-exempt status from the FBR for charitable activities.

Trust Formation:

1. Draft a Trust Deed:

   • Draft a trust deed outlining the objectives, trustees, and rules of the trust.

2. Registration:

   • Register the trust with the relevant authority, often the Registrar of Trusts.

3. Tax Registration:

   • Obtain tax-exempt status from the FBR for charitable activities.

Contracts in Pakistan:

1. Contract Formation:

   • Contracts can be verbal or in writing but it’s advisable to have a written agreement for clarity.
   • Ensure that the contract includes the essential elements like offer, acceptance, consideration, and intention to create legal relations.

2. Specific Contract Types:

   • Common contracts include sale and purchase agreements, employment contracts, service contracts, and lease agreements.

3. Legal Advice:

   • Seek legal advice when drafting or entering into complex contracts.
   • Ensure that contracts comply with relevant laws and regulations.

4. Dispute Resolution Clauses:

   • Include dispute resolution mechanisms, such as arbitration or mediation, in contracts.

5. Stamp Duty:

   • Certain contracts may require stamp duty to be paid for legal enforceability.

6. Contract Review:

   • Before signing, carefully review all terms and conditions to avoid future disputes.