Choosing the right name for your business is exciting, but securing it officially is even more important. In Pakistan, the Securities and Exchange Commission (SECP) makes this easy through its LEAP portal. This guide explains how to complete a standalone name reservation quickly and correctly.
Why Reserve a Company Name First?
Reserving your company name protects it while you prepare other incorporation documents. Without reservation, someone else might take your preferred name, causing delays. The SECP’s online system ensures a smooth and fast process.
Step-by-Step Guide to Name Reservation
1. Access the SECP LEAP Portal
First, visit the SECP LEAP website and log in. New users must register by providing their CNIC, mobile number, and email. The system verifies these details before allowing access.
2. Start the Name Reservation Process
After logging in, select the “Name Reservation” option from the dashboard. Click “Start New Reservation” to begin.
3. Select Your Company Type
The system asks for your company type, such as Private Limited, Public Limited, or Single Member Company. Choose the correct category for your business.
4. Check Name Availability
Enter your desired company name in the search bar. The system checks if the name is available or already taken. You can suggest up to three names in order of preference.
5. Provide Business Details
Explain the meaning behind your chosen name and how it relates to your business. Upload any supporting documents if required.
6. Review and Submit
Double-check all details before submitting. Once confirmed, the system generates an application ID and sends a confirmation email and SMS.
7. Pay the Required Fee
Complete the process by paying the name reservation fee within seven days. Payment options include credit/debit cards and 1-Bill. Late payments cancel the application.
What Happens After Submission?
SECP reviews the application and notifies you of approval. Once approved, your company name stays reserved for a set period, giving you time to finalize incorporation.
Tips for a Successful Name Reservation
- Avoid names that are too general or contain restricted words.
- Ensure the name matches your business activities.
- Verify all spellings and details before submission.
Need Legal Assistance?
For expert help with company name reservations or other SECP-related legal matters, contact Advocate Muhammad Amin at 0313-9708019. His experience ensures a smooth and error-free process.
Final Thoughts
Reserving your company name is the first official step in starting your business. The SECP LEAP portal makes it simple and efficient. Follow this guide, and you’ll secure your business name without hassle. Start your entrepreneurial journey today!