The federal government appointed Tahir Mahmood as acting chairman of Securities and Exchange Commission of Pakistan (SECP), said a statement issued by the apex regulator on Friday.
The Finance Division issued a notification in this regard. Mahmood, currently the commissioner of SECP’s law division, represents the category of commissioners who are being appointed from within the SECP under section 5 of SECP Act, 1997.
He is a regular employee of the SECP and joined the service through Federal Public Service Commission (FPSC) as a Grade-18 officer in the former Corporate Law Authority (CLA) in 1989. He is a chartered accountant and carries a rich experience of over 25 years with CLA and the SECP.
He is fellow member of ICMAP and ICSP and also has a degree in law. He possesses extensive experience in company law administration, takeover laws, corporate restructuring, mergers, corporate finance and judicial order writing. He has in his credit about four hundred judicial orders passed by him in his capacity as adjudicating officer and member of appellate bench while working as executive director/commissioner at SECP.
A significant number of such orders are published in CLD and referred by the legal community in corporate cases. He is also member of Company Law Review Commission beaded by former chief justice of Pakistan Ajmal Mian.
He has worked on drafting of various laws during his tenure with the SECP. His expertise in corporate law, especially company law and takeovers laws, are largely acknowledged by the legal fraternity.
