SECP-ICMAP holds seminar to encourage corporatisation

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As a part of its drive to encourage corporatisation, the Securities and Exchange Commission of Pakistan (SECP) arranged a seminar at ICMAP, Islamabad campus.

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

According to an SECP statement, comprehensive presentations were delivered by the 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 the registration offices on Saturdays to assist entrepreneurs in registering a company in an efficient and cost effective manner.

In November 2016, the 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 in the forenoon of the very next day.

For effective implementation of this scheme, designated facilitation desks have been setup at 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 facilitation desks.  The services have also been made available on Saturday (from 9 am to 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 the 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.