Draft Companies Bill : SECP conducts consultative session at MCCI

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in collaboration with the Multan Chamber of Commerce and Industry (MCCI) organised a consultative session on the Draft Companies Bill in Multan on Thursday.

According to a statement issued by the commission, the invitees of the session included eminent chartered accountants, lawyers, corporate consultants, professionals, businessmen and secretaries of leading companies. Companies Registrar Javed Hussain, Joint Registrar Syed Iftikharul Hassan Naqvi along the members of MCCI executive committee also graced the occasion.

The session started with the inaugural note by MCCI Vice President Muhammad Tariq Khan followed by a detailed presentation was made by Javed Hussain on the substantial changes proposed through the bill. The main objects of the presentation included providing facilitation to the corporate sector and other stakeholders, strengthening the existing regulatory framework, steps towards adoption of technology, specific provisions to safeguard the rights and interests of strategic investors and to attract foreign investments and new concepts adopted by international jurisdictions.

The presentation was followed by a very productive feedback from the participants on various aspects of the draft bill. The response of the participants was appreciated and noted for further deliberation at the relevant quarters and for finalising the draft bill. The SECP plans to hold a series of consultative sessions at various other cities across Pakistan in order to have maximum participation and feedback on Draft Companies Bill.

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