Single Member Company or SMC is a private company which has only one member/director and which has the privileges of limited liability. It has facilitated sole proprietorships to obtain corporate status. All the shares are vested with single member/director.  The creation of SMCs was first allowed by SECP through Single Member Companies Rules, 2003. These rules allow single persons to convert their non-corporate entities into companies with limited liability of the Single Member. The Registration of this type of company is dealt under the provisions of the Companies Act, 2017. The advanta ..read more

Askwakeel.pk has dedicated team of professional lawyers who have extensive experience in assisting clients with banking law issues in Pakistan. Askwakeel.pk also provides assistance in all type of regulatory applications to the banking authorizes as well as defensive assistance in personal civil liability actions instituted against officers and directors of financial institutions for alleged breaches of their legal duties and responsibilities as officers or directors of such institutions. Most offences under banking and finance are administered under Financial Recovery Ordinance, 2001 in speci ..read more

Intellectual Property laws of Pakistan include the copyright laws, patent laws and trademark laws. This area of law protects the work of creative individuals and businesses from unauthorized use or exploitation by third parties. By utilizing Intellectual Property laws, creators and innovators can fully protect and benefit from their creations. Several general principles are important for effective management of intellectual property (IP) rights in Pakistan. First, it is important to have an overall strategy to protect your IP. Second, IP is protected differently in Pakistan than in the U.S. Th ..read more

 The process of criminal trials from the reporting of an alleged offence to the conviction or acquittal of an accused over a subsequent charge is as follows: Cognizable offences are either reported to the police or other law enforcement agencies or anti-corruption bodies, depending on the relevant jurisdiction. The reporting of any such offence takes place through an application which is either written or narrated orally to the competent authority, by virtue of Section 154 of the Code of Criminal Procedure 1898 (CrPC). According to S.154 CrPC, once a cognizab ..read more

The Consumer may file case / claim before Authority/DC or Consumer Court which is headed by the District & Session judge.  Steps for Filing Consumer Complaint: 1. 15-Days Legal Notice to Service Provider: Consumer should serve a fifteen days legal notice on plain paper to the provider of defective product or faulty service(s), as the case may be, stating therein that he / she / they will redress the damage suffered by him / her / them and consequently pay damages to the consumer within fifteen days of receipt of legal notice, otherwise the consumer may file a claim for redressal of hi ..read more

Basically, succession certificate is registered document which is required when person dies leaving behind money in bank account, bonds or shares in company. Once legal heirs get this certificate they can withdraw money from deceased account in Pakistan. But without having succession certificate for bank account from competent court, the banks do not allow legal hairs to get money. It is a mandatory requirement of financial institution, that legal heirs must have succession certificate in Pakistan. In order to get this certificate a proper case has to file in civil court. This succession certi ..read more

A Gift Deed is a legal document that records the transfer of ownership of the property from a donor to a donee. It also specifies that the transfer was made voluntarily without any exchange of money between the two parties. Unlike executing a sales deed, there is no financial transaction involved in the process of gifting a property. Although it is also not mandatory for a donor to declare a gift in writing, as it can be done orally as well, gift deeds for property transfer are solely executed for the purpose of creating a valid record.  However, it is important to register a gift deed fo ..read more

What is Child Adoption? Child Adoption is a process where a person assumes the guardianship of a child, from the biological or legal parents. Once the child adoption procedures complete it permanently transfer the rights and responsibilities to the guardian, along with affiliation, from the biological parents There is no specific law regarding the adoption of a child in Pakistan. It does not mean that adoption is literally prohibited in Pakistan. Children in especial circumstances are placed under the guardianship of their near relatives or suitable person appointed by Court. In that case the ..read more

A temporary injunction is a court order prohibiting an action by a party to a lawsuit until there has been a trial or other court action. The purpose of a temporary injunction is to maintain the status quo and prevent irreparable damage or preserve the subject matter of the litigation until the trial is over. After the trial the court may issue a permanent injunction or dissolve the temporary injunction Order 39, Rule 1 & 2 of Civil Procedure Code 1908 and Volume 1, Part-L, Rule 3 of High Court Rules deal with temporary injunctions. Temporary injunction can be granted against plaintiff as ..read more

If your Facebook page is hacked, or if someone has posted your pictures without your consent, or even if you think someone is spreading hatred online, you can simply go ahead and report such cyber -crimes to NR3C to get relief that’s mandated by law now. Reporting cyber-crimes in Pakistan is very simple and easy, here are cyber-crimes that you can report to cyber-crime wing of FIA. Types of Cyber Crime You Can Report If someone has made a fake FB ID or Twitter ID with your name If someone has posted your images without your consent If someone is spreading racial or ethnic hatred If someone ha ..read more