RegAlertRule · SECP · 2 Apr 2021
SRO 295(I)/2021 – Delegation of Powers to Registrars of Companies under the Companies Act, 2017
The Securities and Exchange Commission of Pakistan delegates to the Registrar Concerned of Companies Registration Offices its powers and functions under sections 46(1) and (2), 47(1) and (2), 48(1) and (2), and 49(1) and (2) of the Companies Act, 2017, in relation to companies other than listed companies and licensed entities. The delegation, made in partial modification of S.R.O. 575(I)/2018 dated 4 May 2018, authorizes registrars to approve conversions between public and private companies, private and single member companies, unlimited and limited companies, and companies limited by guarantee and limited by shares. It is subject to conditions and limitations the Commission may impose from time to time.
GOVERNMENT OF PAKISTAN
Securities and Exchange Commission of Pakistan -.-.-
Islamabad the 9 th March, 2021
NOTIFICATION
S.R.O. 295(I)/2021:- In exercise of powers conferred by section 10 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997), the Securities and Exchange Commission of Pakistan, in partial modification of its earlier notification No. S.R.O. 575(I)/2018 dated May 4th, 2018 and subject to such conditions and limitations as it may from time to time impose, hereby delegates the following powers and functions of the Commission under the Companies Act (XIX of 2017) to the, Registrar Concerned of Companies Registration Offices, in relation to companies other than listed companies and licensed entities, namely:-
POWERS AND FUNCTIONS DELEGATED TO REGISTRAR CONCERNED OF COMPANIES REGISTRATION OFFICES
| S.No. | Relevant section of the Companies Act, 2017 (XIX of 2017) | Nature of powers/functions |
|---|---|---|
| 1. | 46(1) & (2) | To give approval for the conversion of a public company into a private company and vice versa. |
| 2. | 47(1) & (2) | To give approval for the conversion of a private company into a single member and vice versa. |
| 3. | 48(1) & (2) | To give approval for the conversion of unlimited company into a limited company and vice versa. |
| 4. | 49(1)& (2) | To give approval for the conversion of a company limited by guarantee into a company limited by shares and vice versa. |
No. CLD/CCD/CO.602(7)2013/2020
( Bilal Rasul )
Secretary to the Commission
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The links and the sentences they come from (2)
- Amends
- No. S.R.O No. 575(I)/2018 dated 2018-05-04Not in RegAlert
“in partial modification of its earlier notification No. S.R.O. 575(I)/2018 dated May 4th, 2018”
- Issued under
“In exercise of powers conferred by section 10 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997)”
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