Islamabad, June 22, 2017 (PPI-OT):The SECP on Thursday notified the forms for reporting beneficial ownership information as required under section 452 of the Companies Act, 2017. Annexure I to the relevant notification specifies the form for reporting to the company by the substantial shareholder or officer of a company who is a citizen of Pakistan …

Islamabad, June 19, 2017 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) has notified the draft Investor Education and Awareness Fund Rules, 2017, and the Unclaimed Shares, Modaraba Certificates, Dividend and Other Instruments Regulations, 2017, to obtain public opinion. These rules and regulations have also been placed on the SECP’s website. The rules provide the …

Islamabad, June 16, 2017 (PPI-OT):Over the last couple of years, the Securities and Exchange Commission of Pakistan (SECP) has successfully implemented legal and administrative reforms to strengthen its regulatory ambit. The reforms undertaken during last two years aimed at developing capital markets, promoting corporatization and protecting the interests of investors. With a strengthened regulatory framework, …

Islamabad, June 08, 2017 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) has notified the draft Associations with Charitable and Not for Profit Objects (Licensing and Corporate Governance) Regulations, 2017, to obtain public opinion. The draft regulations have been placed on the SECP’s website. The draft regulations specify procedure for grant of licenses to charitable …

Islamabad, June 07, 2017 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) has notified the draft Companies (Incorporation) Regulations, 2017, draft Intermediaries (Registration) Regulations, 2017 and draft Limited Liability Partnership Regulations, 2017, to obtain public opinion. All the regulations have been placed on the SECP’s website. The draft Companies (Incorporation) Regulations, 2017, specify a simplified …

Islamabad, June 02, 2017 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) in May registered the highest number of 926 new companies so far, witnessing an increase of 44 percent as compared to same month of preceding year. During the first eleven months of current fiscal year (2016-17) registered 7,688 new companies. As compared to …

Islamabad, May 31, 2017 (PPI-OT):The Securities and Exchange Commission of Pakistan has proposed new Modaraba law, which shall replace the 37-year-old Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. The SECP has initiated consultation with the stakeholders and the public on the draft Modaraba Bill, which is available at https://www.secp.gov.pk/document/draft-modaraba-bill-2017/?wpdmdl=28465. The public has been …

Islamabad, May 30, 2017 (PPI-OT):President Mamnoon Hussain signed the Companies Act, 2017 on Tuesday, marking the dawn of a new era that promises great opportunities for the corporate sector to thrive in a challenging global environment. After thorough public consultation and legal vetting by Ministry of Law and Justice, the Companies Bill was introduced in …

Islamabad, May 26, 2017 (PPI-OT):As part of the Jamapunji Investor Education Campaign, the SECP organized a three-week long inter-university mock trading competition for the finance and management students of universities in Rawalpindi and Islamabad. The winners of the competition are Umar Hasan, Bahria University, Esha Muqsood, International Islamic University, and Haseeb Sadaqat of NUML University. …