Drafting new corporate law: SECP chief establishes a dedicated secretariat

RECORDER REPORTISLAMABAD: In order to ensure the timely completion of much-awaited review of country’s existing corporate law, Chairman, Securities and Exchange Commission of Pakistan (SECP), Muhammad Ali has established a dedicated secretariat with a sole objective of drafting a new corporate law.According to Imran Ghaznavi, Head of Media and Corporate Communication Department, SECP, here on Saturday, the new corporate law would serve as a specially tailored solution to the specific needs of Pakistan’s corporate sector and cater to the aspirations of entrepreneurs and investors alike.The secretariat, located at the SECP’s headquarters, will work closely in coordination with the Corporate Law Review Commission (CLRC), formed in 2005 under the chair of former justice Ajmal Mian to undertake a review of corporate law. It is pertinent to mention here that the CLRC had lost the initial momentum due to various extraneous reasons but the current SECP Chairman Muhammad Ali, having recognised the extreme importance of this monumental task, has rejuvenated the project.The Chairman SECP believes that at the heart of any economy lies a solid, flexible and enabling company law and it is the foremost priority of the SECP to maintain a framework that is modern, competitive and forward-looking – one which...

View the original article: http://www.brecorder.com/pakistan/business-a-economy/113060-drafting-new-corporate-law-secp-chief-establishes-a-dedicated-secretariat.html



A quick look on #UCO website will produce a ton of fresh #MLM ideas to help you get more money. Go to http://www.uconnective.com

To Signup you must have a #UCO coin, you can #BUY it with only $3 from ClickAlert or Send e-mail at clickalert@ymail.com or Call/SMS to +1 (202) 599-1808 and start earning $51 per day!