As per Lawkidunya, Here are the characteristics of a private limited company registration in Pakistan:

Legal Structure

1. Separate Legal Entity: A private limited company is a separate legal entity from its shareholders and directors.
2. Limited Liability: Shareholders’ liability is limited to the amount of their share capital.

Ownership and Management

1. Minimum Shareholders: 2
2. Maximum Shareholders: 50
3. Minimum Directors: 2
4. Maximum Directors: No limit
5. Shareholding Pattern: Define the shareholding pattern, including the number of shares held by each shareholder.

Share Capital

1. Minimum Share Capital: PKR 100,000 (approximately USD 600)
2. Authorized Capital: Define the authorized capital, which is the maximum amount of share capital that can be issued.

Name and Registration

1. Unique Company Name: Ensure the name is not already registered or too similar to an existing company name.
2. Company Suffix: “Private Limited” or “Pvt. Ltd.” must be added to the company name.
3. Registration: Register with the Securities and Exchange Commission of Pakistan (SECP).

Financial and Taxation

1. Financial Statements: Prepare audited financial statements annually.
2. Taxation: Subject to corporate tax, which is currently 29% in Pakistan.

Meetings and Resolutions

1. Annual General Meeting: Hold an annual general meeting to discuss company matters.
2. Board Meetings: Hold board meetings to make decisions and pass resolutions.

Winding Up

1. Voluntary Winding Up: Shareholders can decide to wind up the company voluntarily.
2. Compulsory Winding Up: The company can be wound up by the court if it is unable to pay its debts.

Other Characteristics

1. Perpetual Succession: The company continues to exist even if the shareholders or directors change.
2. Common Seal: The company must have a common seal, which is used to authenticate documents.