Frequently Asked Questions
What is NTN?
NTN is actually an abbreviation for “National Tax Number”.
National Identity Card (CNIC) for individuals is used for NTN registration.
After registration, they are allotted a unique eight-digit NTN (eg: xxxxxxx-x).
How to Get NTN?
Individuals use their CNIC for tax registration, and it is essential that the mobile SIM is in their name.
For companies, registration is done automatically when they join SECP, and their user ID and FBR login details are provided via email.
Whereas firms, NGOs, schools or other institutions wishing to register separately, they should contact the concerned FBR Officer (RTO).
What is Wealth Statement?
A wealth statement is a complete list of personal assets and liabilities.
How to appoint a new director before election?
To add more directors, hold fresh elections and elect the required directors.
What is the difference between SMC and Private Limited Company?
A SMC Private Limited Company is one which has only one director/member, whereas a Private Limited Company must have at least two directors or members.
