SECP seeks comments on draft Companies Bill, 2015

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Thursday asked again the general public and professional bodies to forward their comments and suggestions on the draft Companies Bill, 2015 which has been posted by the Commission on November 29, 2015 on its website.

The requisite comments may be sent through e-mail at companylaw.bill@ latest by 31st December 2015. The draft Companies Bill envisages replacing the existing Companies Ordinance 1984 and aims at providing facilitation to the corporate sector and other stake holders, besides, strengthening the existing regulatory frame work. The draft law suggests major steps in the adoption of technology which will be helpful in moving towards paperless environment. In order to attract foreign investments specific provisions to safeguard the rights and interests of strategic investors have also been introduced.

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