Regulatory Alerts2023-04-18
Added · Updated
Draft Amendments to Companies (Incorporation) Regulations, 2017 Regarding Foreign Subscribers
The Securities and Exchange Commission of Pakistan proposes substituting regulation 15(1) to require additional information from foreign companies or body corporates, including their profile, director details, nationality, and charter documents. The draft mandates that copies of constituting instruments be certified by a public officer, notary public, responsible officer, or apostilled under the 1961 Hague Convention, with specific authentication requirements for signatures and seals by Pakistan diplomatic consular officers. This notification invites suggestions or objections from interested parties within fourteen days of its publication in the official Gazette.
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