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SECP Section 42 (not-for-profit) company registration and compliance by Syed Asad Hussain Zaidi, Lahore — including FBR exemption applications and annual reporting for NGOs.
Section 42 of the Companies Act 2017 allows registration of companies established for charitable, educational, religious, or other public-benefit purposes. Unlike for-profit companies, Section 42 companies cannot distribute profits to members.
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