Incorporation details, legal framework, authorised business scope and governance model for EIDDI (SMC-PRIVATE) LIMITED.
EIDDI (SMC-PRIVATE) LIMITED is a single-member company incorporated under Section 16 of the Companies Act, 2017. The company is legally registered with the Securities and Exchange Commission of Pakistan (SECP) and operates as a limited liability entity.
EIDDI operates under Table A – Part II of the Companies Act, 2017, which governs single-member companies. All decisions are documented and signed by the sole director, and the company may convert to a private limited entity as it scales.
As per the Memorandum of Association, EIDDI is authorised to:
The company is restricted from engaging in regulated sectors such as banking, insurance, forex, and multi-level marketing unless prior approval is obtained from relevant authorities.
EIDDI's governance model is founder-led, with Abdul Hameed serving as CEO, director, and sole shareholder. All corporate decisions are recorded in accordance with SECP regulations. As the company grows, it plans to establish an advisory board and adopt region-specific compliance structures in Canada, the UK, Europe, and the Gulf region.
All legal policies effective as of May 2025. EIDDI (SMC-PRIVATE) LIMITED reserves the right to update these policies at any time. Continued use of our services constitutes acceptance of the current policy version. For legal enquiries: legal@eiddi.co