Regulatory Alerts2019-11-12
Added · Updated
Panel of Provisional Managers and Official Liquidators Regulations, 2019
The Securities and Exchange Commission of Pakistan establishes a Panel of provisional managers and official liquidators under the Companies Act, 2017, requiring applicants to hold specific educational qualifications and at least ten years of relevant experience. The regulations define strict eligibility criteria, including residency in Pakistan and professional membership, while listing ineligibility grounds such as insolvency, criminal conviction, or failure to file income tax returns. Applicants must submit Form-A with supporting documents to the Commission, which maintains a public register of empanelled professionals and retains the authority to remove names if eligibility conditions are no longer met.
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