Corporate Escrow Services Karachi Pakistan

Corporate Escrow Services Karachi Pakistan

For corporate Escrow Services in Karachi, When you need a neutral third party to act as a temporary agent in financial transactions, look to Irfan Mir Halepota & Associates Law Firm in Karachi Pakistan to provide you with the professional expertise and resources required to deliver complete escrow services.

Why use Escrow Services?
In a market filled with uncertainties, escrow agreements are an easily acceptable and versatile tool for assuring the safe, fair and efficient completion of a variety of transactions. An escrow agent will hold assets and oversee distribution of funds so conditions of an escrow agreement can be met.

A Wide Range of Transactions
Our full range of integrated escrow services includes: document review, payment and disbursement services, wire transfer and deposit services, and detailed activity and asset reporting for all parties.

We handle the following types of escrows:

  • Indemnification
  • Contractor Retention/Construction
  • Merger and Acquisition
  • Business Agreement Escrows
  • Impoundment
  • Real Estate Purchase and Sale / Exchanges
  • Franchise
  • Acquisitions
  • For transfer of part or whole ownership
  • As a guarantee for entering into any form of agreement
  • As a performance guarantee
  • For exercise of share option agreements
  • Any other case upon request

Expertise and Personalized Service
You will receive the full attention of our specialists in the Escrow Services Department. They have the experience, combined with the speed and efficiency required, to manage your escrow transaction to your complete satisfaction.

NAB Ordinance Disqualification to contest elections or to hold public office

NAB Ordinance Disqualification to contest elections or to hold public office. Section 15 of the National Accountability Bureau / NAB Ordinance  describes the disqualifications as under :-

(a) Where an accused person is convicted of [an offence under section 9 of this Ordinance] he shall forthwith cease to hold public office, if any, held by him and further he shall stand disqualified for a period of ten years, to be reckoned from the date he is released after serving the sentence, for seeking or from being elected, chosen, appointed or nominated as a member or representative of any public body or any statutory or local authority or in service of Pakistan or of any Province:

Provided that any accused person who has availed the benefit of [sub-section (b) of section] 25 shall also be deemed to have been convicted for an offence under this Ordinance, and shall forthwith cease to hold public office, if any, held by him and further he shall stand disqualified for a period of ten years, to be reckoned from the date he has discharged his liabilities relating to the matter or transaction in issue, for seeking or from being elected, chosen, appointed or nominated as a member or representative of any public body or any statutory or local authority or in service of Pakistan or of any Province.

(b)        Any person convicted of an offence under section 9 of this Ordinance] shall not be allowed to apply for or be granted or allowed any financial facilities in the form of any loan or advances or other financial accommodation by any bank or financial institution  [owned or controlled by the Government] for a period of 10 years from the date of conviction.

You can Contact Us for detailed consultation.

Irfan Mir Halepota, Advocate Supreme Court of Pakistan.

Telephone: 0321-2057582

Regular Website:  http://www.irfanlaw.com

Submit Your Query For a Legal Advice

 
Law Firm in Pakistan dealing with Commercial, Intellectual Property, Real Estate, Property Law, and Litigation Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582


Property Valuation FBR State Bank of Pakistan

FBR Pakistan Tax Property ValuationThe Finance Bill 2016 an amendment to Section 68 of Income Tax Ordinance, 2001 had been proposed under which commissioner Inland Revenue had been empowered to reject the collector value of provincial government and appoint valuation committee to ascertain fair market value to determine the income tax.

The amendment seeks to determine fair market value of property without regard to value fixed or notified by any provincial authority for the purpose of stamp or for any other purpose.
Property of posh areas in big cities like Karachi, Lahore, Islamabad which disclosed that the declared value was much lower than the open market value thus causing huge monetary losses to national exchequer.
It is generally observed by the Government Authorities that Property business in big cities had become source of parking undeclared or black money.
The amendment is proposed to be effective from July 01, 2016 but the commissioner IR could able to determine the valuation of past six years as envisaged in the tax laws.
The existing Section 68 explains fair market value as:
(1) For the purposes of this Ordinance, the fair market value of any property or rent, asset, service, benefit or perquisite at a particular time shall be the price which the property or rent, asset, service, benefit or perquisite would ordinarily fetch on sale or supply in the open market at that time.
(2) The fair market value of any property 3[or rent], asset, service, benefit or perquisite shall be determined without regard to any restriction on transfer or to the fact that it is not otherwise convertible to cash.
(3) Where the price referred to in sub-section (1) is not ordinarily ascertainable, such price may be determined by the Commissioner.
Further Section 222 of the Ordinance authorized the commissioner to appoint expert. It said: “The commission may appoint any expert as the commission considers necessary for the purpose of the Ordinance for the purpose of audit of valuation.”

Irfan Mir Halepota, Advocate Supreme Court of Pakistan.

Property Lawyer in Karachi

Our Law Firm offers a fast and efficient service in the following areas of Property Law in all courts of law, including Honourable High Court of Sindh at Karachi and Supreme Court of Pakistan :

  • Property Litigation
  • Acquisition and Sale of Property, both commercial and residential
  • Construction and Planning
  • Landlord & Tenant
  • Legal Action against illegal occupation and encroachment
  • Property Conveyance

Our Clients include property developers, surveyors, banks, pension funds, private clients, retailers, landlords and tenants.

You can Contact Us for detailed discussion of your case.

Irfan Mir Halepota, Advocate Supreme Court of Pakistan.

Telephone: 0321-2057582

Regular Website:  http://www.irfanlaw.com

 

Submit Your Query For a Legal Advice

 
Law Firm in Pakistan dealing with Commercial, Intellectual Property, Real Estate, Property Law, and Litigation Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582


Pakistan Trademark Search & Registration

Top Law Firms in Karachi Pakistan

Irfan Mir Halepota & Associates is a Law Firm specializes in the trademark search and trademark registration in Pakistan, based at Karachi.

Trademark team of Irfan Mir Halepota & Associates at Karachi Office consists of fully qualified professionals and Best Trademark Attorneys in Pakistan, who is actively involve in the trademark law and trademark application that is trademark search and trademark registration in Pakistan.

Our trademark Attorney will ensure that your logo or your brand will receive full trademark protection and trademark enforcement in the Pakistan market.

Trademark Search PakistanIn Pakistan Trademark search is optional. However,  it is advisable to conduct a trademark search before filing an application to ensure if there is any prior registered trademark in Pakistan in respect of the area of your business.

Trademark registration in Pakistan gives Local and International company the exclusive right to prevent others from marketing the identical goods under the same or similar trademark in Karachi, Lahore, Islamabad including whole Pakistan. In Pakistan Trademark registration is indeed important to obtain exclusive rights for purposes of exploitation and commencing infringement actions.

Irfan Mir Halepaota & Associates has been ranked as one of the top Corporate Law Firms in Pakistan by the Legal 500, HG and other International Directories of Law Firm.

If you require more information, Feel Free to Contact Us for detailed consultation by visiting our Karachi, Pakistan Office.

Irfan Mir Halepota, Advocate Supreme Court of Pakistan.

Telephone: 0321-2057582

Regular Website:  http://www.irfanlaw.com

 

Law Firm based in Karachi having well experienced Advocates and Lawyers in the fields of Intellectual Property Law including Trademark registration and search.
E-26, Executive Floor, Glass Tower, Clifton,
Karachi, Sindh
PK
Phone: 03212057582

 

ESTABLISHMENT OF BRANCH OFFICE AND LIAISON OFFICE BY FOREIGN COMPANIES IN PAKSITAN

top_law_firms_pakistanESTABLISHMENT OF BRANCH OFFICE AND LIAISON OFFICE BY FOREIGN COMPANIES IN PAKSITAN

Board of Investment (BOI) grants permission to foreign companies to open their Branch Office and Liaison Office in Pakistan.

BOI (Islamabad & Karachi Offices) have issued 551 permissions during 2007-2010 in respect of opening/extension of Branch and Liaison Offices in Pakistan.

Branch Office:

Branch Office PakistanBranch Office is established by a foreign company to fulfill its contractual obligations with the public or private sector in Pakistan. Their activity will be restricted to the work mentioned in the agreement / contract signed. However they cannot indulge in commercial / trading activities.

Liaison Office:

Liaison Office is established by a foreign company for promotion of products(s), provision of technical advice & assistance, exploring the possibility of Joint Collaboration and export promotion. However, they can not undertake any commercial / trading activities.

The request for opening of Branch office or  Liaison Office is processed and finalized within 6-8 weeks time, provided that the company fulfills all requirements and concerned quarters have no objection. The permission is issued for a period of 3-5 years, further renewable on submission of performance report with regard to Liaison Office and up to the completion of valid contract/agreement period in case of Branch Office.

PROCEDURE

Step-1 To download and send along with six sets of following documents:
i.     Application Form (duly filled in and signed with stamp)

ii.    Copy of registration of the foreign company duly attested by respective Pakistani Embassy;

iii.   Copy of Articles and Memorandum of Association duly attested by Respective Pakistan Mission;

iv.    Copy of Resolution / Authority letter of the company to establish Branch / Liaison Office in Pakistan;

v.     Copy of contract / agreement (in case of Branch Office Only)

vi.    Company Profile; and

vii.   Designated person authorized to act on behalf of the company

 

Opening of Branch and Liaison Office processing Official (Government) fee is as follows:

–    Opening of Branch Office                                    Charges per annum

i.    Regular Permission (initial registration           US $ 3000 for a period of one year.

ii.    Renewal Charges for each year                       US $ 1000 (1-5 years renewal based on the request of the company)

 

–    Opening of Liaison Office                                   Charges per annum
iii    Regular Permission (initial registration         US $ 2000 for a period of one year.
iv.    Renewal Charges for each year                      US $ 500 (1-5 years renewal based on the request of the company)

The amount is also acceptable equal in Pakistani rupees and shall be deposited in the Board of Investment PLS Account No. 44991-2 being maintained with National Bank of Pakistan, Main Branch, Civic Centre, Islamabad.

Step-2 :

On receipt of complete documents, BOI examines the documents and circulate the request to all concerned quarters for their views / comments.

Step-3 :

Having received clearances from all concerned quarters / agencies, BOI grants permission to foreign company to open their Branch / Liaison office in Pakistan.

Irfan Mir Halepaota & Associates has been ranked as one of the top and Best Corporate Law Firms in Pakistan by the Legal 500, HG and other International Directories of Law Firms.

Busienss Setup in Pakistan, Establishment of Branch office Karachi, Company Branch Office Pakistan, International Company Branch Office Karachi, Liaison Office in Pakistan, Business Liaison Office in Karachi, Law Firm establishment of Liason Office in Pakistan, Business Lawyers in Pakistan, Corporation Lawyers in Pakistan, Corporation Establishment Lawyers Pakistan, Corporate Establishment Lawyers in Karachi, Business Setup Law Firms in Karachi, Business Setup Law Firms in Pakistan.

Irfan Mir Halepota, Advocate Supreme Court of Pakistan.

Submit Your Query For a Legal Advice

For rapid response you can also submit your Query at WhatsApp on +92 321 205 7582 For a Legal Advice
 
Law Firm in Pakistan dealing with Civil Litigation, Commercial, Intellectual Property, Real Estate and Family Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582

Registered office Karachi Pakistan

Top Law Firms in Karachi Pakistan
Registered office Karachi Pakistan, Every company in Pakistan must have a registered office -€“ an official address that will be held on public record at the Companies Registry in the relevant jurisdiction.

The registered office should hold company documents including:

  • The Memorandum
  • Articles of Association
  • The Register of Directors, members and charges
  • Copies of any documents submitted to the Companies Registry

In addition to a registered office, a number of countries require a company to have a registered agent instead of a company secretary.

The registered agent normally provides the registered office address and assumes responsibility for liaising with the local Companies Registry. They must also receive all legal and tax papers and any notices addressed to the company.

Branch Office PakistanSome jurisdictions require the registered agent to hold a licence to perform the role. In Pakistani registered Lawyers can provide services as a licensed corporate service provider, we can provide registered agent and office services in Karachi, Lahore, Islamabad, Hyderabad and Thatta,  Pakistan.

Irfan Mir Halepaota & Associates has been ranked as one of the top and Best Corporate Law Firms in Pakistan by the Legal 500, HG and other International Directories of Law Firms.

If you require more information, Feel Free to Contact Us for detailed consultation.

Telephone: +92-321-2057582

Regular Website:  http://www.irfanlaw.com

 

Submit Your Query For a Legal Advice

For rapid response you can also submit your Query at WhatsApp on +92 321 205 7582 For a Legal Advice
 
Law Firm in Pakistan dealing with Civil Litigation, Commercial, Intellectual Property, Real Estate, Family and Corporate Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582

Virtual Office in Pakistan Company registration with registered office service in Karachi Pakistan

List of Banks in Pakistan

We work closely with many  banks, therefore if you need any assistance in communicating with your bank or want to settle your legal disputes you need not look any further. The details of all the Banks currently working in Pakistan are mentioned in the below list.

   Government Owned Banks:

  • First Women Bank Limited
  • Khushhali Bank Limited
  • National Bank of Pakistan
  • SME Bank Limited
  • Sindh Bank Limited
  • The Bank of Khyber
  • The Bank of Punjab
  • The Punjab Provincial Cooperative Bank Limited
  • Zarai Taraqiati Bank Limited

   Privatized Banks:

  • Allied Bank Limited
  • Habib Bank Limited
  • MCB Bank Limited
  • United Bank Limited

   Development Financial Institutions:

  • National Investment Trust Limited
  • Pak Brunei Investment Company Limited
  • PAIR Investment Company Limited
  • Pakistan Kuwait Investment Company (Pvt.) Limited
  • Pak Libya Holding Company (Pvt.) Limited
  • Pak Oman Investment Company Limited
  • Saudi Pak Industrial & Agricultural Investment Company Limited

  Small and Medium Enterprise (PBA subgroup under formation):

  • The First MicroFinanceBank Limited

   Private Banks:

  • Al Baraka Bank (Pakistan) Limited
  • Askari Bank Limited
  • Bank Alfalah Limited
  • Bank AL Habib Limited
  • BankIslami Pakistan Limited
  • Burj Bank Limited
  • Dubai Islamic Bank Pakistan Limited
  • Faysal Bank Limited
  • Habib Metropolitan Bank Limited
  • JS Bank Limited
  • KASB Bank Limited
  • Meezan Bank Limited
  • NIB Bank Limited
  • Samba Bank Limited
  • Silkbank Limited
  • Soneri Bank Limited
  • Standard Chartered Bank (Pakistan) Limited
  • Summit Bank Limited (Formerly Arif Habib Bank Limited)

   Foreign Banks:

  • Barclays Bank PLC, Pakistan
  • Citibank N.A., Pakistan
  • Deutsche Bank AG, Pakistan
  • HSBC Bank Middle East Limited, Pakistan
  • HSBC Bank Oman S.A.O.G. (Formerly Oman International Bank S.A.O.G.)

   Non-Member Banks & Development Financial Institutions:

  • APNA Micro Finance Bank Limited (Formerly Network Micro Finance Bank Limited)
  • Bank of Tokyo Mitsubishi UFJ Limited, Pakistan
  • House Building Finance Company Limited
  • Industrial and Commercial Bank of China Limited
  • Industrial Development Bank Limited
  • KASHF Microfinance Bank Limited
  • NRSP Microfinance Bank Limited
  • Pak-China Investment Company Limited
  • Pak Oman Microfinance Bank Limited
  • Tameer Micro Finance Bank Limited
  • U Microfinance Bank Limited (Formerly Rozgar Microfinance bank Limited)
  • Waseela Microfinance Bank Limited
 Irfan Mir Halepota, Advocate Supreme Court of Pakistan.

Rights of Tenant under Sindh Rented Premises Ordinance

There are also rights of Tenant under the Sindh Rented Premises Ordinance.

Tenant must ensure that he makes payment of the rent either through a crossed cheque, or where payment is made through some other mode, then a receipt must be obtained from the landlord. In case the landlord unlawfully or unjustifiably attempts to evict the tenant, the tenant may file a case in the competent court of law in Karachi in addition to availing other legal remedies as advised by his counsel.

Generally Landlord pressurize the Tenant to execute tenancy agreement for 11 months only, by saying and making estate agent as witness that this is law to execute agreement for 11 months only. There is nothing mentioned in any law book that the tenancy agreement must be executed for eleven months only.

There is no any provision of the Law that rent of the premises is to be increased 10 per cent after every eleven months. It is also an other practice is available in Karachi which is in violation of Sindh rented premises ordinance, that the landlord pressurizes the tenant to enhance rent at 10 per cent after every eleven months.

As per Law rent is to be increased 30 percent after completion of three years. If  landlord increases rent as per his choice after eleven months, which is totally illegal and unjustified, the tenant can take the matter in the court for fixation of rent as per law and tenant can further claim for adjustment or recovery of amount, which is received by landlord in violation of law.

The tenant can also apply for fixation of fair rent if the landlord is receiving rent more then market value prevailing in locality.

There are many other rights available to the tenant, which can be discussed in detailed.

Irfan Mir Halepota, Advocate Supreme Court of Pakistan.

Submit Your Query For a Legal Advice

 
Law Firm in Pakistan dealing with Landlord and Tenant Laws in Karachi, Sindh, Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582

Property Disputes Settlement in Karachi

Irfan Mir Halepota & Associates is a leading Law Firm in Karachi, Pakistan, which is well known to resolve all types of the disputes of Real Estates sale or purchase of Distress Properties in Karachi, Pakistan. We can clear and solve any kind of disputes related to your property, because the word “impossible” is not available for lawful owner of the property and person who has actual right, we believe when there is a will, there is a way.

Today in Real Estates and Properties, there are so many types of disputes like there may be disputes between family members, fake-forged and fabricated documents, rights of partition, Forceful occupation, Forceful Trespassing, Landlord and Tenant disputes, back steps from sale agreements, shortage of finance, Collaboration Dispute, Multiple sale of the same property, pending litigation, bank mortgage, private loan, private mortgage etc. creating a bad name of your valuable property in the market.

All the Real Estates with any of aforesaid dispute can be resolved by adopting proper procedure of law by taking care of in all respects for clearing all the disputes. All the disputes are taken care of by Well Experienced, Expert and Able Professionals Lawyers to resolve as per property Laws of Pakistan.

Honesty, Transparency and Secrecy of Every transaction and dealing is the basis of our success in the society.

We are skilled and professionally qualified team lawyers undertakes personal pain for their respective clients, with full attention, understanding all aspects and sensitiveness of the client’s Requirements in order to provide complete satisfaction to their Clients. We charge as per the seriousness and nature of dispute and our efforts made for resolving the same.

Irfan Mir Halepota, Advocate Supreme Court of Pakistan.

Submit Your Query For a Legal Advice

 
Law Firm in Pakistan dealing with Commercial, Intellectual Property and Litigation Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582