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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 ...
Central Depository Company of Pakistan (CDC) is a Pakistani central securities depository company which provides services for equity, debt and other financial instruments. [2] It is based in Karachi, Pakistan. [3] CDC is regulated by the Securities and Exchange Commission of Pakistan. [4] The current CEO is Badiuddin Akber. [4]
It means every company that is registered in Pakistan either it is a private company or a public 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]
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.
Securities and Exchange Commission of Pakistan was founded in 1999 with the aim to reform the capital markets. [12] Khalid Mirza was appointed as SECP Chairman in March 2000. [13] Upon taking office, Mirza found the Karachi Stock Exchange characterized by extensive market manipulation and unethical practices. [13]
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:
Pakistan is the first country in South Asia to implement Mobile Number Portability. [3] Telenor was the first operator in Pakistan to secure 1 million subscribers through MNP. [4] In 2021, SECP's eServices integrated with Pakistan Mobile Number Portability (MNP) Database (Guarantee) Limited. [5] [6]
1Link is a consortium of major banks that own and operate the largest representative interbank network in Pakistan and is incorporated under the Company Law, Section 42 by Security and Exchange Commission of Pakistan (SECP).