SECP promoting ease of doing business


Staff Reporter


In order to promote the ease of doing business, the Securities and Exchange Commission of Pakistan (SECP) has introduced numerous reforms through the enactment of the Companies Act, 2017.
In order to increase the number of new incorporations, a simplified incorporation process has been introduced. In this regard, the Companies (Incorporation) Regulations, 2017, have been amended. Now the companies are required to submit simple application form under regulation 5 of the Companies (Incorporation) Regulations, 2017, instead of different statutory forms, i.e. 1, 21, 27, 28, and 29 as were required to be filed under the repealed Companies Ordinance, 1984.
All the necessary information regarding company registered address, telephone number.