Income Tax Bar Association (ITBA), Karachi on Monday organised a seminar on 'Corporatisation and filing requirements under the Companies Ordinance 1984'. Securities and Exchange Commission of Pakistan (SECP), Executive Director (Registration), Nazir Ahmed Shaheen attended the seminar as chief guest.
Addressing the participants, he said that the SECP was striving to make the process of registration easy so as to extend maximum facilitation to the companies.
Shaheen said that the SECP is the apex regulatory body in the country with an ultimate aim of ensuring transparency and efficiency in the corporate sector and capital market. Stating the SECP mission, he said the commission is striving to develop a fair, efficient and transparent regulatory framework, based on international legal standards and best practices, for the protection of investors and mitigation of systematic risk aimed at fostering growth of a robust corporate sector and broad based capital markets in Pakistan.
In his presentation, Jawed Hussain, Additional Registrar of Companies, SECP, said that the companies are bound to file forms and statutory returns of three types at SECP. These include immediate (after incorporation), periodical and occasional.
Director MIS, SECP, Mohtisim Khan said that the e-service project has been initiated by the SECP to improve efficiency and effectiveness of the business processes of the commission and transparent paperless environment.
The system, he said, has also been made easier for companies and business community to interact with and obtain information from the commission through electronic modes. Muhammad Zeeshan Merchant, Advocate High Court and Abdul Qadir Memon, President ITBA Karachi also spoke on the occasion.
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