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Frequently Asked Questions​

FAQs About SECP Company Registration

There is no minimum capital requirement set by the SECP. You can start a Private Limited Company with any amount of capital, making it accessible for startups.

With Magna Law Firm, the process typically takes 7 to 10 working days from document submission to receiving the Certificate of Incorporation, provided there are no unforeseen delays from the SECP.

The key documents required are CNIC copies of all directors/shareholders, passport-sized photographs, and proof of the business address. We provide a complete checklist during the consultation.

Failure to file annual returns and maintain compliance can result in significant penalties, the company being struck off the register, and directors being disqualified. It protects your company’s legal status.

SECP
FBR

FAQs About FBR Tax Matters

Income Tax is a direct tax levied on the income/profits earned by an individual or company. Sales Tax is an indirect tax levied on the sale and purchase of goods and services, ultimately borne by the end consumer.

Do not ignore it. Contact a tax lawyer immediately. We will review the notice, understand the scope of the audit, and prepare a robust response to protect your interests.

Absolutely. We specialize in regularizing compliance for clients. We can help you file past returns and develop a strategy to manage any resulting liabilities, often through voluntary disclosure schemes.

This is common and can happen due to disallowance of expenses, differences in income declaration, or technical interpretations. We analyze the demand order and prepare a strong appeal to challenge it.

FAQs About Intellectual Property Rights in Pakistan

The TM™ symbol can be used as soon as you start using a trademark to claim rights. The ® symbol can only be used after the trademark is officially registered with IPO-Pakistan.

A trademark registration is valid for 10 years from the date of application. It can be renewed indefinitely for successive 10-year periods.

An invention must be new, involve an inventive step, and be industrially applicable to be patented. Laws of nature, abstract ideas, and mere discoveries cannot be patented.

While self-filing is possible, the process is legal and complex. A single error in the application (like an incorrect class or weak description) can lead to rejection or future vulnerability. A lawyer ensures your rights are maximally protected from the start.

IPO
PRA

FAQs About PRA & WeBoc

Any business or individual providing taxable services within the province of Punjab is required to register with the PRA. This includes a wide range of services from IT, consulting, and marketing to hotels and restaurants.

FBR collects Sales Tax on the sale of goods at the federal level. The PRA collects Sales Tax on the provision of services within Punjab. Some services may fall under both; we can advise on your specific obligations.

Typically, you need your company’s NTN, SECP incorporation documents, bank account details, and information about the authorized signatories. We provide a complete checklist.

Yes. We can analyze the problem, liaise with customs officials, and help rectify the documentation to get your shipment released as quickly as possible.

FAQs About Chamber of Commerce Registration

While not mandatory for all businesses, it is highly recommended for any serious enterprise. It is essential for exporters who need to obtain Certificates of Origin. Many government tenders and large corporations also require their vendors to be Chamber members.

The Lahore Chamber of Commerce & Industry (LCCI) is one of the largest and most recognized general chambers. There are also specialized chambers (e.g., for textiles, pharmaceuticals). We can advise on the best fit based on your primary business activity.

Typically, you need your company’s NTN certificate, SECP incorporation documents, bank account details, and CNICs of directors/owners. We provide a complete, tailored checklist.

Absolutely. While we are based in Lahore, we can facilitate registration with Chambers across Pakistan through our network and expertise.

Chamber of Commerce
banking law

FAQs About Banking Law in Pakistan

This depends on the terms of your loan agreement. Many agreements include a clause allowing the bank to revise rates. However, such clauses must be reasonable and properly communicated. We can review your agreement to challenge unjustified increases.

This is a serious matter. We can immediately send a legal notice to the bank demanding justification and, if necessary, file a writ petition in the High Court to have the freeze lifted.

Banking Courts are specialized courts that exclusively handle cases related to bank transactions, loans, and recovery suits. They are designed for faster resolution of banking disputes.

Yes. Banks are often open to negotiating a one-time settlement (OTS) or a rescheduling plan to recover a portion of the debt rather than engaging in lengthy litigation. We can lead these negotiations on your behalf to achieve the best possible terms.

FAQs About TDAP Registration

Any individual, firm, or company that intends to export goods from Pakistan is required by law to register with TDAP.

The Chamber of Commerce provides a Certificate of Origin for each individual export shipment, proving where the goods were made. TDAP is the national body that registers you as an exporter and facilitates your overall export activities. You need both to export legally.

With Magna Law Firm handling the process, it typically takes 2 to 4 weeks from document submission to receiving your registration credentials, depending on TDAP’s processing time.

Yes. We can review the reasons for rejection, rectify the issues, and re-submit a strengthened application to secure approval.

TDAP
family-law

FAQs About Family Law in Pakistan

Grounds can include mutual consent, cruelty, desertion, impotency, and failure to provide maintenance. We can advise on the strongest grounds for your specific situation.

Pakistani courts primarily decide custody based on the “welfare and best interests of the child.” Factors include the child’s age, gender, and emotional bonds with each parent. For young children, the mother often has priority (Hizanat), but the father remains the natural guardian.

Maintenance is determined based on the husband/father’s financial means and the standard of living the family is accustomed to. The court considers income, property, and overall financial status.

Yes, and it is often encouraged. Many disputes over divorce, custody, and maintenance can be resolved through negotiation and mediation, which is faster, less expensive, and less adversarial. We will always explore this option with you.

FAQs About Criminal Law in Pakistan

In a bailable offense, the accused has a legal right to be released on bail. In a non-bailable offense, bail is granted at the discretion of the court based on the case’s merits. Having an experienced lawyer is critical for securing bail in non-bailable cases.

Politely exercise your right to remain silent and immediately contact a lawyer. Do not make any statement without your legal counsel present. We can arrange your surrender and ensure your rights are protected.

Yes. An FIR can be cancelled through a compromise between the parties (in certain compoundable offenses) or by filing a quashment petition in the High Court if the FIR is legally flawed.

An innocent person needs a strong defense more than anyone. We systematically dismantle the prosecution’s case by challenging evidence, exposing inconsistencies in witness statements, and presenting a clear, factual defense to secure your acquittal.

CRIMINAL-LAW
civil law

FAQs About Civil Litigation in Pakistan

The duration varies significantly based on the case’s complexity, the court’s caseload, and procedural tactics. It can range from several months to multiple years. We strive to expedite the process while ensuring thorough preparation.

Criminal cases are filed by the state for violations of law (e.g., theft, assault) and can result in imprisonment. Civil cases involve disputes between private parties over rights and liabilities, typically resulting in monetary compensation or specific performance.

Court fees are a percentage of the monetary value of the suit or the value of the property in dispute. They are paid to the court upon filing the case. We will provide a clear estimate of these fees during our consultation.

Absolutely. Many civil cases are resolved through negotiation, mediation, or arbitration. We always assess the potential for an out-of-court settlement that saves time and cost, but we are fully prepared to litigate if a fair settlement cannot be reached.