islamabad - The Securities and Exchange Commission of Pakistan (SECP) has registered 327 new limited liability companies during April 2013, raising the corporate portfolio to 62,203 companies.The SECP in its continued efforts to promote corporatization in the country is holding seminars with all ...

LAHORE : The SECP, Company Registration Office (CRO) Faisalabad held a seminar on “Mandatory Online Filing of Statutory Returns” in collaboration with Faisalabad Chamber of Commerce & Industry (FCCI). In-charge CRO Faisalabad, Mahboob Ahmad (Joint Registrar), informed the ...

islamabad - The Securities & Exchange Commission of Pakistan (SECP) has endeavored to continue its efforts for the development of a transparent and efficient stock market by ensuring investors’ protection and strengthening the enforcement procedures.  Adopting an aggressive approach ...

ISLAMABAD -  Considering the need for Islamic Financial Institutions (IFIs) and Islamic Capital markets (ICMs) to innovate and operate within the purview of Shariah principles and to ensure that aforesaid organizations’ business dealings are in line with Islamic principles, the SECP ...

ISLAMABAD -  SECP has made it mandatory for all listed companies and companies in other categories to file documents, returns, accounts and applications, through SECP’s eServices online filing facility. The SECP had issued a notification in this regard on March 13, wherein, May 13 was ...

ISLAMABAD - The Securities & Exchange Commission of Pakistan (SECP) is facilitating attendance of regulatees at hearings before adjudicating officers scheduled at Head Office Islamabad, through video link facilities at the nearest concerned Company Registration Office (CRO). The Securities and ...

islamabad - The SECP as a part of its eServices policy, has introduced a mechanism for the companies to clear their backlog cases pending under issue resolution.Cases pending under “Issue Resolution” category have been increasing day by day and currently, approximately 13,000 documents ...

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP), Thursday, invited public opinion on Draft Companies (Distribution of Specie Dividend) Regulations, 2013 (the "draft Regulations").Companies (Distribution of Specie Dividend) Regulations, 2013 is meant to ensure protection of ...

LAHORE  : The SECP has been reviewing the listing regulations of the stock exchanges to make the listing process more efficient and less cumbersome, Imtiaz Haider, Commissioner Securities Market Division (SMD), SECP said while addressing the ‘Pakistan IPO Summit-2013.  He, while ...

islamabad - The federal government has appointed Tahir Mahmood as acting chairman of Securities and Exchange Commission of Pakistan after Supreme Court’s decision to declared appointment of former chairman SECP illegal and invalid.The Finance Division on Friday issued notification relating to ...

islamabad -As part of its mandate to monitor listed and unlisted companies to safeguard investor interest, the Enforcement Department of the Securities and Exchange Commission of Pakistan (SECP) has initiated one hundred and twenty-two (122) show-cause proceedings against chief executives, ...

ISLAMABAD : The Securities and Exchange Commission of Pakistan (SECP) has organised a meeting with key stakeholders to take forth the corporate social responsibility agenda; the meeting was held in the SECP head office in Islamabad.In his opening remarks, Tahir Mahmood, Commissioner SECP stressed ...

ISLAMABAD : The Securities and Exchange Commission of Pakistan has approved draft Pharmaceutical Industry (Cost Accounting Records) Order, 2013 to facilitate maintenance of records by the companies engaged in the production, processing and manufacturing of pharmaceuticals products.Pharmaceutical ...

islamabadThe Securities and Exchange Commission of Pakistan (SECP) has issued draft principles of corporate governance for non-listed companies for stakeholders’ comments. The set of thirteen principles aim to promote transparent and accountable governance practices in non-listed entities. ...

ISLAMABAD: SECP has introduced online Financial Reporting System for the TREC holders/brokers of the three stock exchanges to strengthen the surveillance of equity markets.A statement issued by the Commission here Friday said that from July 2013 onwards, all TREC holders will be required to file ...

ISLAMABAD -  The SECP has filed a criminal complaint in the competent court of law against Muhammad Ahmed Nadeem, chief executive and shareholder of Muhammad Ahmed Nadeem Securities (Pvt) Ltd, an ex-member of Islamabad Stock Exchange and Muhammad Ahmed Janjua company secretary. According to a ...

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP), with the approval of the federal government, has reviewed the existing Ballotters, Transfer Agents & Underwriters Rules, 2001 and drafted two separate sets of regulatory frameworks, viz. the draft Underwriter Rules, 2013, ...

ISLAMABAD - The SECP registered 383 new limited liability companies in March, bringing the total corporate portfolio to 61,887 companies.Compared with preceding month, 8pc growth in corporate registration has been witnessed. The growth witnessed is a result of persistent efforts put forth by the ...

ISLAMABAD - The Supreme Court on Friday annulled the appointment of Muhammad Ali Ghulam Muhammad as commissioner and chairman of Securities and Exchange Commission of Pakistan (SECP).The judgment authored by Justice Jawwad S Khawaja declared that the selection and appointment of Ali on these posts ...

The Supreme Court of Pakistan (SC) Friday declared the appointment of Chairman Security and Exchange Commission of Pakistan (SECP) illegal and invalid.A two-judge bench headed by Justice Jawwad S Khawaja issued the brief order in the case. According to the judgment, the appointment of Chairman SECP ...

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has issued draft licencing and corporate governance regulations for non-profit associations to seek public’s feedback.The SECP has the mandate given by its enabling law to register and licence non-profit associations as ...

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has initiated an inquiry into the affairs of registered companies that were accused for defrauding the general public by offering them investment opportunities in illegal schemes.The SECP has taken the action on various ...

OUR STAFF REPORTER ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has issued seven show-cause notices and three warning letters to various insurance/ takaful companies for failing to comply with corporate laws, insurance laws and accounting standards and regulations. The ...

ISLAMABAD-The SECP with the aim of facilitating corporate sector has made certain amendments to the First Schedule to the 1984 Companies Ordinance, containing articles of association of companies vide its SRO 194(I)/2013. The amendments broadly relate to the areas of alternative dispute resolution ...

KARACHI - The Securities and Exchange Commission of Pakistan (SECP) has unveiled the ‘Report of Non-Bank Financial Sector (NBFS) Reforms Committee’ for public feedback. Report contains proposed reforms for the development of the NBF sector in Pakistan. Addressing the ceremony, Muhammad ...

ISLAMABAD - Securities and Exchange Commission of Pakistan (SECP) has approved the Corporate Social Responsibility Voluntary Guidelines, 2013.The CSR guidelines are a significant step towards streamlining reporting requirements and corporate accountability of the CSR activities by corporate ...

ISLAMABAD - The Securities and Exchange Commission of Pakistan has issued a notification under Section 15D of the 1969 Securities and Exchange Ordinance read with section 40B of the 1997 Securities and Exchange Commission of Pakistan Act to specify the manner and form for the disclosure of inside ...

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has sought public opinion on the draft Issue of Commercial Papers Regulations, 2013, which are aimed at promoting corporate debt market and to facilitate corporate to raise fund from capital market through the issue of Commercial ...

ISLAMABAD - The SECP registered 329 companies in January. The authorized capital and paid-up capital of these companies is Rs5 billion and Rs573 million respectively.The new incorporations include 304 private companies, 16 single-member companies, 5 public unlisted companies, 2 non-profit ...

ISLAMABAD - In order to increase rate of regulatory compliance, the Securities and Exchange Commission of Pakistan has made annual on-site inspection mandatory for all licenced entities including the brokerage houses. The SECP believes that strong regulatory environment based on international best ...