SECP-ICMAP holds seminar to encourage corporatization

ISLAMABAD, Pakistan: As a part of its drive to encourage corporatization, the Securities and Exchange Commission of Pakistan (SECP) arranged a seminar at the Institute of Cost and Management Accountants of Pakistan (ICMAP), Islamabad campus.


The seminar, organized in collaboration with the Technical Support and Practice Development Committee of the Institute of Cost and Management Accountants of Pakistan, was attended by ICMAP members, students and general public.

According to an SECP statement, comprehensive presentations were delivered by SECP officials on the online and offline company incorporation process.

The participants were also briefed about recent facilitative initiatives taken by the Commission including Swift Incorporation Scheme, establishment of designated facilitations desks at the SECP Company Registration Offices and opening of Company Registration offices on Saturdays to assist entrepreneurs in registering a company in an efficient and cost effective manner.

In November, 2016 SECP launched a new scheme for company registration in minimum time without additional fees.

Under this scheme, documents filed in forenoon will be registered in the afternoon of the same day and documents filed in the afternoon will be disposed of on forenoon of the very next day.

For effective implementation of this scheme, designated facilitation counter/desks have been setup at the Company Registration Offices to guide the general public about the company incorporation process and help them in preparing incorporation documents.

Any person with a valid CNIC may visit the Company Registration Office to avail the services of the incorporation and facilitation desk.

The services of the desk have also been made available on Saturday (from 9 am till 1 pm) in the Company Registration Offices at Islamabad, Lahore and Karachi with effect from January 21, 2016.

At the end of the session, the participants, particularly the members and students of ICMAP, were encouraged to play their role in the economic growth of the country by ensuring that entrepreneurs bring their businesses into the documented sector of the economy.

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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