SRO 20 (I)/2017 (Amendments in Companies (Registration Offices) Regulations, 2003)

# GOVERNMENT OF PAKISTAN
## SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

**Islamabad, the 12th January, 2017**

## NOTIFICATION

S.R.O 20 (I)/2017.- In exercise of powers conferred by section 506A of the Companies Ordinance, 1984 (XLVII of 1984), the Securities and Exchange Commission of Pakistan is pleased to direct that the following amendments shall be made in the Companies (Registration Offices) Regulations, 2003, the same having been previously published vide S.R.O. 1008(I)/2016, dated 27th October, 2016 as required by the proviso to sub-section (1) of section 506A, namely:-

In the aforesaid Regulations,

(a) in regulation 2, sub-regulation (1),-
    (i) for clause (a), the following shall be substituted, namely:-
        “(a) \"Annexure\" means an annexure attached to these regulations;”;
    (ii) for clause (e), the following shall be substituted, namely: -
        “(e) \"registrar concerned\" means additional registrar, joint registrar, deputy registrar or assistant registrar who is incharge of a Company Registration Office in whose territorial jurisdiction registered office of the company is situated;” and
    (iii) after clause (e) substituted as aforesaid, the following new clause shall be inserted, namely: -
        “(f) \"Registrar of Companies\" means the Registrar posted at headquarters of the Commission;”

(b) in regulation 3, -
    (i) in sub-regulation (1), in the Table, after serial number (8) the following new Sr. No. 9 shall be inserted, namely:-
        | 9. | Gilgit | The Region of Gilgit-Baltistan. |
    (ii) for sub-regulation (2), the following shall be substituted, namely:-
        “(2) The Company Registration Offices shall be open for transaction of business with the public, except on public holidays, and will observe such working hours as may be specified by the Commission through circular.”

(c) after regulation 3, the following new regulation 3A shall be inserted, namely:-
    “3A. Establishment of Facilitation Centers. - The Commission may, through notification, establish facilitation centers at such places for the purposes of facilitation of companies and other investors and performing such other duties as it may specify.”;

(d) in regulation 5, in sub-regulation (5), after the word “upload”, the words “or cause to upload” shall be inserted;

(e) for regulation 5(A), the following shall be substituted, namely: -
    “5A. Transfer of documents.- In case a company changes its place of registered office from the territorial jurisdiction of a Company Registration Office to another, the registrar concerned of such Company Registration Office shall, send within seven days, from the date of registration of the relevant returns, all the physical record relating to that company to the registrar concerned in whose territorial jurisdiction the registered office of the company is shifted.”

(f) for regulation 8, the following shall be substituted, namely: -
    “(8) Maintenance of information in the electronic database. - It shall be the responsibility of the registrar concerned to maintain correct information in the electronic database and in case of any discrepancy he may immediately, -
        (i) rectify the same to the extent permitted by the Registrar of Companies through instructions; or
        (ii) where no such permission has been granted, report the same to Registrar of Companies for rectification thereof, who shall immediately cause to rectify the same under intimation to the registrar concerned.”;