Regulatory Alerts2017-02-06
Added · Updated
Companies (Registration Offices) Regulations 2003
The Securities and Exchange Commission of Pakistan establishes Company Registration Offices with defined territorial jurisdictions and mandates the maintenance of electronic databases for all company records. The regulations introduce a Corporate Universal Identification Number (CUIN) for all incorporated entities and require registrars to upload documents and certificates via eServices. Specific timeframes are set for the disposal of various filings, such as one day for name applications and seven days for memorandum alterations, while late filing penalties are scaled based on the duration of delay. Furthermore, the rules prohibit the acceptance of defective documents and authorize the cancellation of records containing false information after providing the company an opportunity to be heard.