The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Institute of the Chartered Accountants of Pakistan (ICAP), organised a seminar on Companies Ordinance, 2016, and its post-incorporation statutory requirements on Monday.
SECP's Additional Registrar Liaqat Ali Dolla highlighted the significant changes introduced through the Ordinance. He also spoke about the measures taken by the SECP to increase corporatization and corporate compliance and encouraged feedback from participants for making the SECP's existing services more efficient.
He told the audience that being the apex regulator of the corporate sector, the SECP had always collaborated with the professional and trade bodies in the past, and planned to conduct more seminars and workshops in collaboration with other professional and trade bodies as well in near future to seek their feedback and to create an environment of mutual trust between the business community and regulator for enhancing corporate compliance of companies.
The Commission's Joint Registrar of Companies Ms Sidra Mansur gave a brief presentation on post-incorporation statutory compliance in light of the Companies (Compliance with Licensing Conditions) General Order, 2016 and amendments to Companies (General Provision & Forms) Rules, 1985. Asad Feroze, chairman, NRC (Partner Junaidy Shoaib Asad & Co, an independent member firm of Morrison KSI) and M Ali Latif, Secretary, NRC (Partner Muniff Ziauddin & Co Member Firm of BKR International) from Institute of Chartered Accountants of Pakistan also spoke on the occasion. They stressed the need for regular interaction with the stakeholders in feature.