Companies (Mediation and Conciliation) Regulations, 2018

GOVERNMENT OF PAKISTAN
SECURITIES & EXCHANGE COMMISSION OF PAKISTAN
.-.-.
Islamabad, the 9 th February, 2018
NOTIFICATION
S.R.O.227 (I)/2018.- In exercise of the powers conferred by section 512 read with section 276 of the Companies Act, 2017 (XIX of 2017), the Securities and Exchange Commission of Pakistan is pleased to notify the following Companies (Mediation and Conciliation) Regulations, 2018, the same having been previously published vide S.R.O. 1208 (I)/2017 dated November 22, 2017, namely,-
PART I
PRELIMINARY

1. Short title, commencement and applicability.- (1) These Regulations shall be called the
   Companies (Mediation and Conciliation) Regulations, 2018.
   (2) They shall come into force at once.
2. Definitions.- (1)In these regulations, unless there is anything repugnant in the subject
   or context,-
   (i) “Act” means the Companies Act, 2017 (XIX of 2017); (ii) “Appellate Bench” means the Appellate Bench of the Commission established under section 33 of the Securities and Exchange Commission of Pakistan Act, 1997; (iii) “ Annexure” means annexure appended to these regulations; (iv) “Commission” shall have the same meaning as assign to it in clause (g) of sub￾section (1) of section 2 of the Securities and Exchange Commission of Pakistan Act, 1997(XLII of 1997); (v) “Panel” means Mediation and Conciliation Panel established and maintained by the Commission under regulation 3; and (vi) “party” means a party to a relevant dispute. (2) Words and expression used but not defined in these regulations shall have the same meaning as are assigned to it in the Act, the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997) and any rules made thereunder.
   PART II
   PANEL OF MEDIATORS OR CONCILIATORS
3. Establishment of Panel.– (1) Subject to regulation 4, the Commission shall maintain a
   Panel of mediators or conciliators eligible to be appointed as mediators or conciliators under these regulations.