SECP holds seminar on Companies Ordinance, 2016




In order to create awareness about the Companies Ordinance, 2016, and its post-incorporation statutory requirements, the Securities and Exchange Commission of Pakistan (SECP) organized a seminar in collaboration with the Institute of the Chartered Accountants of Pakistan (ICAP) here on Monday.

Liaqat Ali Dolla, Additional Registrar, SECP’s Company Registration Office, highlighted the significant changes introduced through the new ordinance. He highlighted the measures taken by the SECP to increase corporatization and corporate compliance and encourage feedback from participants for making the SECP’s existing services more efficient.

Ms Sidra Mansur, joint registrar of companies, gave a brief presentation on post-incorporation statutory compliance in light of the Companies (Compliance with Licensing Conditions) General Order, 2016 and amendments to Companies (General Provision & Forms) Rules, 1985.

Asad Feroze, Chairman, NRC (Partner Junaidy Shoaib Asad & Co, an independent member firm of Morrison KSI) and Ali Latif, Secretary, NRC (Partner Muniff Ziauddin & Co. Member Firm of BKR International) from Institute of Chartered Accountants of Pakistan were also present at the seminar.

Ali Latif thanked Liaqat Ali Dolla and Ms Sidra Mansur for highlighting the need for such a session and taking keen interest in making it successful. He proposed that such interaction with stakeholders should be a regular feature in future.

The additional registrar informed the audience that being the apex regulator of the corporate sector, the SECP has always collaborated with the professional and trade bodies in the past, and planned to conduct more seminars and workshops in collaboration with other professional and trade bodies.