SECP Flags Governance and Filing Violations by Power Sector Companies
SECP has issued compliance notices to seven power sector entities for failing to meet statutory filing and governance requirements under the Companies Act, 2017, including missing annual returns, financial statements, and mandatory board appointments.
SECP Proposes Key Changes to Companies Act 2017 to Streamline Corporate Compliance and Promote Digitalisation
The SECP and BoI have proposed major amendments to the Companies Act 2017 to reduce regulatory burdens, enhance digitalisation, improve corporate governance, and foster a business-friendly environment in Pakistan.
SECP Unveils 183 Proposed Amendments to Companies Act 2017 to Streamline Corporate Compliance
The Securities and Exchange Commission of Pakistan (SECP) has proposed 183 amendments to the Companies Act 2017, aiming to reduce regulatory burdens, enhance digitalisation, and improve corporate governance in Pakistan.
SECP Publishes Draft Regulations to Prohibit MLM, Pyramid and Ponzi Schemes in Pakistan
The Securities and Exchange Commission of Pakistan has issued draft regulations to outlaw multi-level marketing, referral marketing, pyramid and Ponzi schemes, inviting public feedback within 14 days.
Systems Limited Announces Acquisition of Confiz Pakistan Through Amalgamation
Systems Limited has approved the acquisition of Confiz Pakistan, merging the company under a Scheme of Arrangement pending shareholder, regulatory, and Lahore High Court approvals, marking a major move in Pakistan’s tech sector.
SECP Begins Specialized Training for SOEs and Privatization Teams on Corporate Restructuring Frameworks
The SECP launches a structured training program for officials of state-owned enterprises and the Privatization Commission, focusing on merger, amalgamation and restructuring rules as Pakistan advances reforms for public-sector efficiency.
JS Infocom Approves Share Buy-Back of Up to 60 Million Shares to Strengthen Balance Sheet
JS Infocom Limited, a subsidiary of Jahangir Siddiqui & Co. Ltd., has approved a buy-back of up to 60 million shares at Rs. 10 each to optimize its balance sheet and enhance shareholder value, in compliance with the Companies Act 2017 and SECP regulations.
SECP Issues Circular to Standardize Corporate Bank Account Opening
The Securities and Exchange Commission of Pakistan (SECP) has introduced a standardized board resolution format for corporate bank account openings, aiming to reduce compliance delays, improve transparency, and accelerate digital transformation in the financial sector.
SECP Proposes Faster Approvals for Right and Bonus Shares to Boost Corporate Efficiency
The SECP has proposed sweeping changes to speed up approvals for right and bonus share issuances in Pakistan, aiming to streamline corporate processes and strengthen market transparency.