The Securities and Exchange Commission of Pakistan (SECP) has issued a comprehensive list of names which cannot be used by any company for registration with the commission. Under the Companies (Incorporation) Regulations, 2017 issued by the SECP here on Friday, the SECP has prohibited certain names to be used by companies.
The names of Bahria/Askari/Fauji/Fazaiya/Cadet/Armed Forces or Forces/Army/Navy/Air Force/Shaheen/Military/Defence can only be used in case of companies to be established by the relevant agency.
The following words and combinations thereof shall not be used in the name of a company in English or any of the languages depicting the same meaning:
Federal Government, Provincial Government, Name depicting association with any foreign government, Name suggesting association with any political personality, Commission, Authority, Register or Registered, Co-operative, Bureau, Division, Department, Undertaking, Municipal, Union, Republic, Nation, President, Governor, Prime Minister, Chief Minister, Minister, Cabinet, Senate, National Assembly, 6[Provincial Assembly,] Parliament/Parliamentary, Statute/Statutory, Court/Judiciary/Judge/Jury, Administrator.
Names of International bodies and abbreviations thereof including, but not limited to, United Nations, South Asian Association for Regional Cooperation, Organization of Islamic Conference, World Bank, International Finance Corporation, Asian Development Bank, Islamic Development Bank, International Monetary Fund, Red Cross, Red Crescent.
Provided that the Commission may allow any of the above names under special circumstances on the request of any government or authority, the SECP added.