Amendments to the Companies (Registration Offices) Regulations, 2018

The Securities and Exchange Commission of Pakistan substitutes the table in Annexure D of the Companies (Registration Offices) Regulations, 2018, to establish specific time frames for the disposal of various corporate matters. The new regulations mandate that electronic submissions for services such as name reservation, company incorporation, and status conversions be processed within 4 working hours, while physical form submissions generally require 4 working hours to 6 days depending on the specific application. These deadlines apply to entities seeking actions including the issuance of certificates for changes in company status, registration of mortgages, and applications for inactive or active company status under the Companies Act, 2017.

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GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, 10th April, 2023 NOTIFICATION S.R.O. 469 (I)/2023.- In exercise of the powers conferred by Section 512 read with sub-section (2) of Section 462 of the Companies Act, 2017 (XIX of 2017), the Securities and Exchange Commission of Pakistan is pleased to make the following amendments to the Companies (Registration Offices) Regulations, 2018, the same having been previously published for comments vide S.R.O, 66(I)/2023 dated January 19, 2023. In the aforesaid Regulations, for the Table contained in Annexure D as specified under sub-regulation (2) of regulation 12, the following Table shall be substituted, namely:
"Time Frame for the disposal of various matters S. No Description of matters Time frame for disposal of documents submitted electronically Time frame for disposal of documents submitted in physical form (1) (2) (3) (4)

Application for reservation of name (Section 10). 4 working hours 4 working hours
Incorporation of Companies (Subject to adoption of
standardized Memorandum and Articles of Association) 4 working hours 4 working hours 3 Issuance of certificate for change of name (Sections 13) 1 day 3 days
Alteration in the memorandum of association
(Section 32)
3 days 6 days
Issuance of conversion certificate on receipt of
altered memorandum and articles of association of the company having changed its status from public to private [section 46 (3&4) and 50] 1 day 3 days
Conversion of the status of a private company to a
public company [Section 46(5) and 50] 2 days 6 days
Issuance of conversion certificate on receipt of
altered memorandum and articles of association of the company having changed its status from private to single-member company [section 47 (3&4) and 50] 1 day 3 days
Issuance of certificate upon conversion of the
status of a single member company to private company [Section 47(5) and 50] 2 days 6 days

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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works