ISLAMABAD: Sharing of ideas and experience imperative to focusing on the future vision of business registration and corporate governance, top corporate regulator told a conference of watchdog’s registrars on Monday.
Emphasizing importance of sharing especially among Registrars, Securities and Exchange Commission of Pakistan (SECP) Acting Chairman Zafar Abdullah said that such conferences were an effective platform.
“Such conferences should be held on a regular basis,” he added.
The two-day registrar conference of the SECP followed up the theme of “Business Registry and its Role as a Regulator – Vision 2020”.
According to SECP officials, the objectives of the conference was sharing knowledge to meet new challenges faced in the administration of new legislations and identify strategic objectives that will help to deliver the registry’s vision between now and 2020. Registrars working at the head office and the Company Registration Offices (CROs) of the SECP located across the country attended the conference. Corporatization and Compliance Department Commissioner Tahir Mahmood explained the responsibilities of registrars to the assigned functions and guided them to find solutions to emerging challenges in the light of legislative and other reforms. He vowed that efforts would be made to facilitate the corporate sector for growth of corporatization.
The conference discussed legislative reforms in the Companies Act 2017, subsidiary regulations, role of registrars, data integrity, current compliance culture, procedures of allotment of shares, meetings and proceedings, requirements for public sector companies and associations with charitable and non-profit objects, realistic turnaround processing time and vision 2020, strategic planning for the next three years.
Published in Daily Times, November 7th 2017.