Function of the Securities and Exchange Commission of Pakistan

The Securities and Exchange Commission of Pakistan (SECP) is the regulator of the Pakistani securities market. It was established in October, 2008 after the Securities Commission of Pakistan Ordinance, 2007 was promulgated. The SECP is a multi-functional regulator exercising regulatory and developmental functions to develop a modern and efficient securities market in Pakistan.

The SECP is responsible for regulating and supervising the non-banking finance sector, capital markets, and corporate sector in Pakistan. If you’re planning on starting a business in Pakistan, you’ll need to register with the SECP.

Registering with SECP is a relatively simple process that can be completed entirely online. Just contact team Befiler and you’ll have your business up and running in no time!

The main functions of the SECP are as follows:

• Registration of different type of companies such as Private Limited, Public Limited, SMC Private Limited and Limited Liability Partnership.

• To approve prospectuses for public companies, private placement memorandums, and offer documents for Collective Investment Schemes;

• To register and regulate stock exchanges, brokers, dealers, modarabas, mutual funds, asset management companies, investment advisers, investment banks and residential property managers;
• To promote fair dealing in securities by investigating complaints against listed companies as well as complaints of insider trading and other forms of market manipulation;
• To take action against rigging, fraud and corruption in the securities market;
• To keep the government informed about conditions in the securities market;
• And to take measures to ensure stability of the securities market

The SECP also has a number of development functions aimed at promoting investor education and awareness, enhancing market infrastructure and developing new products. The SECP strives to create an environment for corporate growth while protecting investors’ interests through active regulation

How to register company in Pakistan with SECP?

The company registration/incorporation process in Pakistan is governed by the Companies Act 2017. The law provides information on how to form a new business and maintain its operations, with offices controlled under Securities & Exchange Commission of Pakistan (SECP). At present there are eight CROs that offer services throughout Islamabad, Karachi Lahore Peshawar Quetta Multan Faisalabad Gilgit .

Process of SECP registration

Step 1: Decide status of your company

Limited liability companies in Pakistan come with two different types of status: private and public. A company can be either type, but it is important to know the difference before making your decision so that you don’t end up regretting later on down the line when things go wrong due to lack of information about how these companies function here legally! The best way for me as someone who wants my business venture kept close family members or friends? Private Company.

Step 2: SECP name search

Choose a name for your new company that will represent the values you want to promote. Make sure it’s available before registration! Click here for SECP name search

Step 3: Submission of company registration documents

In order to register a company, you must obtain all the required identity documents from yourself and your partners. In addition, there are two other items that need signing: The Memorandum of Association and Articles-of Association and Form 29 and 21. Once these have been completed then simply take them into any local registering office within 60 days for confirmation; otherwise they will no longer allow access rights in regard to this particular name, once again making sure not miss out on using its potential!

Step 4: Company incorporation

Once the documents are submitted and the concerned officer at the CRO satisfies himself, he will issue you a Certificate of Incorporation. The certification will mention the name of the company, date of Incorporation, a Unique Identification Number (UIN), and fees charged. This will be the proof that your company registration process is complete.

The role of the Securities and Exchange Commission is vital to the proper functioning of Pakistani markets. Additionally, by taking measures to ensure stability in markets, the SECP promotes an environment that is conducive to business growth while also providing protection for those working within it. Ultimately, the goal of the SECP is to ensure that everyone involved in Pakistani markets can do so with confidence, knowing that there is a strong regulatory presence looking out for their best interests.