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In a very interesting turn of Events, Securities and Exchange Commission of Pakistan (SECP), which have been quite active lately, who's also responsible to regulate Pakistan's corporate sector send another gift for Audit firms.
The SECP organized a seminar in collaboration with the Institute of Chartered Accountants of Pakistan (ICAP) at the ICAP House in Lahore. The purpose of the seminar was to make practicing members of the ICAP more aware of the corporate compliance requirements in the wake of the modernization in corporate compliance culture for companies operating in the eServices regime. The keynote address regarding ‘Corporate Compliance & its importance’ was given by Mr. Nazir Ahmed
Press Release Government organizations have been continuously seeking help from professional qualification organizations to help them build effective solutions. We reported earlier how a renowned chartered accountant, Ebrahim Sidat, is working with SECP to review Code of Corporate Governance. And here is another example of SECP's new efforts to involve more accountants. The Securities and Exchange Commission of Pakistan (SECP), after thorough deliberations, has wit
By Zaara Rahman (Karachi) The Securities and Exchange Commission of Pakistan issued four warning letters to the members of stock exchanges for operational malpractices in July. Moreover, five warning letters were issued to beneficial owners of the listed companies for late filing of returns. In addition, six show-cause notices were served on the beneficial owners of the listed companies under Section 224 (4) of the 1984 Companies Ordinance. A showcause
By Bilal Siddiqui (Karachi) The Securities and Exchange Commission of Pakistan (SECP) registered 284 companies in July. See Companies Registered in June 2011 The private companies have the highest share in new incorporations, totaling 253 followed by 19 single-member companies, 4 public unlisted companies, 5 non-profit associations, 1 guarantee limited company under section 43, 1 trade organization and 1 foreign company from Mauritius in oil and gas s
By Bilal Siddiqui (Karachi) Securities and Exchange Commission of Pakistan, which has been quite active in past couple of weeks while updating and improving regulations, is now planning to step outside and is asking everyone, kia scene hai? [caption id="attachment_2873" align="alignleft" width="200" caption="This Out Reach Program Might Help in Documenting the Economy"][/caption] According to reports our news desk reviewed, SECP) has formed the "SECP-Financial Marke
By Bilal Siddiqui According to the press release issued by Securities and Exchange Commission of Pakistan, Mr Ebrahim Sidat, a noted chartered accountant and Country Managing Partner/CEO, Ford Rhodes Sidat Hyder & Co is working with SECP to review the Code to the Pakistani Institute of Corporate Governance (PICG). [caption id="attachment_2860" align="alignleft" width="108" caption="Mr. Ebrahim Sidat "][/caption] The Securities and Exchange Commission of Pakistan
Press Release The Securities and Exchange Commission of Pakistan (SECP) registered 344 companies in June. An increase of 5% has been witnessed as compared to 327 companies registered during the corresponding period of previous year. The private companies have the highest share in the new incorporations totaling g to 311 followed by 23 single-member companies, 2 public unlisted companies, 5 non-profit associations, 2 foreign companies, from Saudi Arabia and Thaila
By Zaara Rahman Securities and Exchange Commission of Pakistan (SECP), which went under an internal change a few days ago, and was widely criticized in National Newspaper, are now seeking more public disclosure from group companies. According to a press release, Group Companies Registration Regulations, 2008, were issued by the Securities and Exchange Commission of Pakistan in 2008 to provide a regulatory framework for the formation of group companies, comprising
By Zaara Rahman The Securities and Exchange Commission of Pakistan registered 21 companies having foreign investment during May. These 21 companies have investment by foreign nationals from the U.K., China, Canada, Denmark, South Korea, Romania, Russia, Turkey, Jordan, Norway, the Netherlands, Singapore and Afghanistan. Among these, 8 companies were registered in Lahore, 7 in Islamabad and 6 in Karachi. The sector-wise breakdown o