Regulatory Alerts2019-11-19
Added · Updated
Corporate Rehabilitation Regulations, 2019
The Securities and Exchange Commission of Pakistan establishes eligibility criteria, application procedures, and removal grounds for the Panel of Insolvency Experts under the Corporate Rehabilitation Act, 2018. Applicants must hold specific academic or professional qualifications, reside in Pakistan, and meet financial and legal standing requirements, including being an income tax filer. The regulations define remuneration determination processes for insolvency experts and administrators, requiring court confirmation and adherence to a detailed code of conduct covering integrity, confidentiality, and conflict of interest.
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