RegAlert2025-07-29
Added · Updated
Amendments to the Companies Regulations, 2024
The Securities and Exchange Commission of Pakistan amends the Companies Regulations, 2024 to mandate the collection and reporting of detailed Ultimate Beneficial Owner (UBO) information. Companies must issue annual notices to members holding at least five percent of shares or voting rights to obtain UBO particulars, including CNIC/NICOP/Passport numbers with issue and expiry dates, date of birth, gender, and addresses. A new Register of UBO (Register R-9) is established, requiring companies to submit UBO data on prescribed forms, with compliance commencing for financial years ending on or after June 30, 2025. The amendments also update various incorporation and compliance forms to include these enhanced identification fields for directors, members, and officers.
SECP published 3 documents in the last 30 days — get each new one by email the day it lands.
Statutory Notification (S. R. O.)
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Islamabad, 25 th July, 2025 NOTIFICATION S.R.O. 1356(I)/2025.- In exercise of the powers conferred under section 512 of the Companies Act, 2017 (XIX of 2017), the Securities and Exchange Commission of Pakistan hereby makes the following amendments to the Companies Regulations, 2024, the same having been previously published in the official Gazette vide notification S.R.O.598(I)/2025 on 8th April 2025, namely:- AMENDMENTS In the aforesaid Regulations,-
- in regulation 13, in sub-regulation (2),-
(i) after the expression “voting rights or controlling interest,”, the expression “directly or indirectly,” shall be inserted; (ii) for clause (d), the following shall be substituted; “(d) CNIC/NICOP/Passport no. of UBO along with date of issue and expiry”; (iii) after clause (d) amended as aforesaid, the following new clauses shall be inserted; “di. Date of birth of UBO dii. Gender of UBO”; (iv) after clause (f), the following new clause shall be inserted; “fi. Address of UBO as per CNIC/NICOP/Passport”; and (v) for clause (g), the following shall be substituted; “(g) Usual residential address of UBO (in case different than given in CNIC/NICOP/Passport)”.
Read the rest free, and get an email when SECP publishes again
Lineage: In force
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
More like this from SECP
SECP published 3 documents in the last 30 days. We email you each new one the day it's published.