ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) urges the corporate sector to adopt digitalization, which not only improves efficiency and ease of doing business, but is also helpful for the environment.

SECP, leading by example, have already end to end digitalized the company incorporation process and had also automated certificate of incorporation and stopped old practice of issuing paper-based certificates.

Moreover, a number of external regulatory processes such as Form 45 (UBO), Form (IV) - Limited Liability Partnership (LLP), AML – Notification and tracking directive, List of Shareholders, Registration of Alteration in Documents – Foreign Company: Form 3), Annual Risk and Control Compliance, and Change/Rectification of LLP Name and many others have been completely shifted online.

Further, to improve organizational efficiency numerous internal process have also gone through a digitalization overhaul.

Copyright Business Recorder, 2022