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The Securities and Exchange Commission of Pakistan (SECP) (Urdu: سیکیورٹیز اینڈ ایکسچینج کمیشن آف پاکستان), formerly known as Company Law Administration, Company Law Board, and Corporate Law Authority, is the corporate legislative and financial regulatory agency of Pakistan whose objective is to develop a modern and efficient corporate sector and a capital ...
The Institute of Cost and Management Accountants of Pakistan (ICMAP) is a professional accounting body offering qualification and training in management accountancy.. The Institute of Cost and Management Accountants of Pakistan was established in 1951 and was granted statutory status under the Cost and Management Accountants Act, 1966 [1] [2] for the regulation of the profession of Cost and ...
Central Depository Company was founded in 1997. [5]In 1999, the CDC introduced Investor Account Services, allowing both retail and corporate investors to open and maintain custody accounts directly with the company.
The Ordinance also provides legal protection and regulates the business community of Pakistan, with the SECP keeping a close check on financial and corporate entities to insure stakeholder’s interest. [2] The previous Indian Companies Act 1913 was in practice for the same purposes.
Institute of Corporate Secretaries of Pakistan (ICSP) (Urdu: انسٹیٹیوٹ آف کارپوریٹ سیکریٹریز آف پاکستان) was established on 22 November 1973 as a company limited by guarantee, under the then Indian Companies Act 1913, later substituted by the Companies Ordinance 1984.
State Bank of Pakistan ; Securities and Exchange Commission of Pakistan (SECP) Palestinian National Authority: Palestine Capital Market Authority (PCMA) Panama: Superintendencia de Bancos de Panamá ; Superintendencia del Mercado de Valores and Superintendencia de Seguros y Reaseguros de Panamá Papua New Guinea
The SECP encourages and facilitates corporatisation of all businesses so that the corporate sector contributes towards the economic development of the country. [1] As of 2005, the Board of Investment estimates that there were 43,965 corporate enterprises registered in Pakistan as detailed below:
The SECP was granted authority to regulate accountants, but penalties for misconduct remained minimal, at $30 per offense. [13] Mirza and his team faced entrenched vested interests resistant to reform, and challenges in enforcing transparency and accountability in Pakistan's financial markets continued.