The Securities and Exchange Commission of Pakistan (SECP) has delegated certain powers of Registrar of Companies to the Executive Director (CROs) Corporatization and Compliance Department to improve enforcement and compliance. In this regard, the SECP has issued SRO 200(I)/2016 here on Monday.
According to the SRO, in exercise of powers conferred by section 10 of the Securities and Exchange Commission of Pakistan Act, 1997, read with section 20(4)(0) thereof, the SECP, subsequent to its earlier Notification SRO.154(I)/2015, dated 19th February 2015, hereby concurrently delegates the powers entrusted to the Registrar of Companies under sub-sections(3) and (4) of section 37 of the Companies Ordinance, 1984 to the Executive Director (CROs) Corporatization and Compliance Department.
As per referred SRO 154(I)/2015, the SECP, subject to such conditions and limitations as it may from time to time impose hereby delegated certain powers and functions of the Commission to its Commissioners and officers (Companies Law Division). Commissioners and officers (Companies Law Division) can exercise powers and functions of relevant section the companies ordinance, 1984; relevant rule of the companies (general provisions and forms) rules, 1985; relevant rule of the companies (invitation and acceptance of deposits) rules 1987; relevant rule of the companies share capital (variation in rights & privileges) rules 2000; relevant section of listed companies (substantial acquisition of voting shares and take-overs) ordinance, 2002; relevant regulation of the companies (registration offices) regulations, 2003; relevant rule of the public sector companies (corporate governance) rules, 2013; relevant notification; relevant section of companies ordinance, 1984; relevant rules of the companies (audit of cost accounts) rules, 1998; relevant sections of companies ordinance, 1984; relevant regulation of the companies (registration offices) regulations, 2003; relevant rule of single member companies rules, 2003; relevant section of companies ordinance, 1984; relevant rule of the companies (general provisions and forms) rules, 1985; relevant section of companies ordinance, 1984; relevant section of the companies (ordinance 1984; relevant rule of the companies (issue of capital) rules, 1996; relevant rule of the companies (audit of cost accounts) rules, 1998; relevant section of the companies ordinance, 1984; relevant section of the companies ordinance, 1984; relevant regulation of group companies registration regulations, 2008 and Commissioners and officers (Companies Law Division) can also exercise powers and functions of relevant section of the companies ordinance. 1984.