SRO 1479(I)/2018 Notification for CROs

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.- Islamabad, 7 th December, 2018 NOTIFICATION S.R.O. 1479 (I)/2018.- In exercise of the powers conferred by sub-section (4) of section 479 of the Companies Act, 2017 (XIX of 2017) (the Act) and in supersession of its earlier notification S.R.O. 843(I)/2017 dated 25 th August, 2017, the Securities and Exchange Commission of Pakistan is pleased to order that – (1) Powers of Registrar of Companies (Registrar designated) conferred by clause (b) of sub-section (3) of section 479 of the Act, shall be exercised by the officer who is incharge of the Company Registration Office in which the company is registered:
Provided that the said powers shall be exercised concurrently by the Registrar of Companies (Registrar designated); and (2) Powers conferred by clause (a) of sub-section (3) of section 479 of the Act on the incharge of the Company Registration Office, Karachi, Lahore and Islamabad, in the matters of companies falling in their respective jurisdiction, shall be exercised by an Additional Registrar or a Joint Registrar posted at the respective Company Registration Office:
Provided that the said powers shall be exercised concurrently by the incharge of the respective Company Registration Office. This Notification shall not affect anything done, order made, notification issued, show cause issued, proceedings commenced, penalties imposed and/or collected, sanction granted, approval made, fee directed or collected, directions given, investigation, inspection or inquiry conducted or any other action taken or done under or in pursuance to notifications superseded as aforesaid by this notification, and the same shall be valid and under lawful authority. Any pending proceedings or applications under previous notifications shall stand transferred to the delegated authority provided in this Notification forthwith who shall proceed with the matter as it stands prior to the coming into effect of this Notification. No. CLD/CCD/Co.602(7)/2013