Regulatory Alerts2017-01-13
Added · Updated
SRO 20 (I)/2017 (Amendments in Companies (Registration Offices) Regulations, 2003)
The Securities and Exchange Commission of Pakistan amends the Companies (Registration Offices) Regulations, 2003, by defining key terms such as 'registrar concerned' and 'Registrar of Companies' and adding Gilgit as a new registration office jurisdiction. The amendments mandate that registrars transfer physical company records to the new jurisdiction within seven days of a registered office change and establish a framework for maintaining electronic databases and issuing document copies with specific liability disclaimers. Additionally, the regulations set retention periods for physical records at ten years for existing companies and five years for dissolved ones, while requiring permanent electronic preservation of all documents and the permanent retention of incorporation records.