The Securities and Exchange Commission of Pakistan vide its SRO No. 599(I)/2011 dated June 13, placed on its website, amended the Companies (Registration Offices) Regulations, 2003.
These regulations were prescribed in 2003 and are aimed at regulating and improving the working of the Company Registration Offices (CROs) in the regional offices of the SECP located in Karachi, Lahore, Islamabad, Multan, Faisalabad, Peshawar, Quetta and Sukkur.
The main purpose of these amendments is to make the regulations compatible with eServices, which was successfully implemented by the SECP in September 2008 to enable online registration and filing. Since then, all the functions and working of the CROs have been automated accordingly.
But what about the regulations regarding stoppage of corruption in these CRO's.
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