Latest Press Release

SECP issues Consultation Paper on Certifications of Financial Sector Professionals

ISLAMABAD, July 2:  The Securities and Exchange Commission of Pakistan (SECP) issued a concept paper titled “Consultation on Mandatory Certifications and Continuing Professional Education (CPE) Requirements in Financial Services”.

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  01/01/2016 - 05/03/2016
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25/01/1999 Lahore High Court accepts the plea of SECP for winding up of Capital Bank Limited
04/03/1999 Senate approves amendments in the Companies Ordinance, 1984
08/03/1999 Securities and Exchange Commission of Pakistan announces new rules for closed-end mutual funds and investment companies
13/03/1999 Securities and Exchange Commission of Pakistan issues advertisement in the press advising the general public to be careful in depositing funds in response to the advertisement appearing in the press and the electronic media on behalf Pakland Housing (Pvt.) Limited
15/03/1999 Committee constituted to examine tax, accounting and regulatory issues of the leasing companies
15/03/1999 Securities and Exchange Commission of Pakistan appoints Inspector under section 263 of the Companies Ordinance, 1984 to investigate into the affairs of Pakland Housing (Pvt.) Limited, Karachi and SSR & Company (Pvt.) Limited, Islamabad
21/03/1999 Securities and Exchange Commission of Pakistan issues show-cause notice to Dadabhoy Leasing Company, Limited and its Chief Executive for violation of provisions of various laws
31/03/1999 Securities and Exchange Commission of Pakistan takes up complaints of shareholders with management of the listed companies
02/04/1999 Securities and Exchange Commission of Pakistan moves an application in the Supreme Court of Pakistan for early hearing of the case of Taj Company Limited
05/04/1999 Securities and Exchange Commission of Pakistan issues directive to the management of Fidelity Investment Bank Limited to dis-invest its inter-corporate investment of Rs. 10 million in Security General Insurance Co., Limited
07/04/1999 Securities and Exchange Commission of Pakistan reminds companies to ensure “Year 2000 Compliance” of their existing and future computer systems and disclose status of the compliance in their annual reports
13/04/1999 SECP issues directive to the management of RRP Limited to stop dispatch of the machinery and sale of assets
17/04/1999 Committee constituted by SECP to examine problems of Issuers on Joining the Central Depository System (CDS) holds meeting at Karachi
19/04/1999 Leasing Companies asked not to effect changes in the Memorandum of Association and the Board of Directors without prior approval from Securities and Exchange Commission of Pakistan (SECP)
23/04/1999 SECP advises Habib Bank Limited to postpone Annual General Meeting scheduled to be held on April 24, 1999
06/05/1999 Securities and Exchange Commission of Pakistan reminds Modaraba companies to seek approval from Registrar Modaraba before changing directors/chief executive and replacing major shareholders
10/05/1999 Securities and Exchange Commission of Pakistan asks companies to hold Annual General Meeting (AGM) after 21 days of re-opening of register of members
12/05/1999 Securities and Exchange Commission of Pakistan initiates proceedings against M/s. Reliance Weaving Mills, Limited with regard to making investment in a business not authorized by its Memorandum of Association
17/05/1999 Securities and Exchange Commission of Pakistan holds a seminar to elicit comments from users on the proposed National Clearing and Settlement System (NCSS)
17/05/1999 Securities and Exchange Commission of Pakistan agrees, in principle, to the merger of Al-Ata Management Services (Pvt.) Limited with Crescent Business Management (Pvt.) Limited
19/05/1999 Securities and Exchange Commission of Pakistan (SECP) directs M/s. Umer Shani Enterprises (Pvt.) Limited to stop forthwith unauthorized and unlawful business activities
09/06/1999 Securities and Exchange Commission of Pakistan allows a period of 90 days to M/s. Searle Pakistan Limited and Fidelity Investment Bank Limited to un-do investment in their associated companies
10/06/1999 Securities and Exchange Commission of Pakistan advises the companies and other concerned persons to deposit fees etc in the account of Securities and Exchange Commission of Pakistan from July 01, 1999
12/06/1999 Explanation of Salient Features of Changes in Corporate Laws and Capital Market Related Announcements in the Federal Budget
14/06/1999 Securities and Exchange Commission of Pakistan imposes penalties on Chief Executives of three listed companies for delaying their Annual General Meetings
26/06/1999 Securities and Exchange Commission of Pakistan issues a Public Notice conveying its account numbers and designated branches of Habib Bank Limited for depositing fees etc. by companies and other concerned persons
01/07/1999 The National Assembly passes a bill to amend the Companies Ordinance, 1984
13/07/1999 INVESTIGATION INTO THE AFFAIRS OF M/S. KAISER ART & KRAFT LIMITED
26/07/1999 Appointment of inspector to make inquiry into the alleged manipulation in the election by the management of EXIDE PAKISTAN LIMITED
27/07/1999 Rejection of application for deferment of payment of dividend by ZAINAB TEXTILE MILLS LIMITED
11/08/1999 SECP orders initiation of prosecution proceedings against present and former Chief Executives of Dadabhoy Leasing Company Limited for default in timely payment of dividend and in timely holding of AGM
11/08/1999 SECP imposes penalties on Chief Executives of M/S Tri-Star Power Limited and M/S Quality Steel Works Limited for default in timely holding of AGM
19/08/1999 SECP Orders Investigations into the affairs of M/S. Ados Pakistan Limited under Section 265 of the Companies Ordinance, 1984
20/08/1999 Inspectors appointed by SECP to investigate into the proceedings of AGM of M/s Exide Pakistan Limited held on June 16, 1999, have reported that no irregularity was found in the election of directors
16/09/1999 Securities and Exchange Commission of Pakistan has given notice under section 472 of the Companies Ordinance, 1984 to M/s pak Land Cement Limited to cancel extra-ordinary general meeting scheduled on 24th September, 1999 for holding election of directors
16/09/1999 Securities and Exchange Commission of Pakistan has turned down application of M/s Dadabhoy Leasing company limited for approval of the appointment of Mr. Abdul Rehamn Dadabhoy as its cheif executive
19/09/1999 Securities and Exchange Commission of Pakistan today issued Circular 16/99 with the objective of facilitating compliance of leasing companies with the revised International Accounting Standards-12
23/09/1999 Securities and Exchange Commission of Pakistan imposes penalty on Chief Executives of M/s. Tawakkal Polyester Industries Limited and M/s. Libaas Textile Limited for delaying AGM
25/09/1999 Securities and Exchange Commission of Pakistan asks directors to deposit Rs. 17,325 million from their personal resources with the Pioneer Cement Limited.
19/10/1999 Securities and Exchange Commission of Pakistan orders Chief Executive and Directors of M/s Ghandhara Leasing Company Limited to deposit into the company’s accounts an amount of Rs. 4.698 million paid to its Ex-Chairman/Chief Executive as “separation benefits”
25/10/1999 ADOPTION OF IAS-30 & IAS-34, AND CLARIFICATION ABOUT IAS-27
30/11/1999 Securities and Exchange Commission of Pakistan imposes penalties on Chief Executives of five companies for delaying their Annual General Meetings
03/12/1999 Securities and Exchange Commission of Pakistan orders directors of First Al-Noor Modaraba to personally assume the obligation arising out of purchase of six lac shares of Shahmurad Sugar Mills Limited
04/12/1999 Lahore High Court allows merger of M/s Al-Ata Management Service (Pvt.) Limited and the Al-Ata Leasing Modaraba with the First Crescent Modaraba
18/12/1999 Securities and Exchange Commission of Pakistan orders M/s Dadabhoy Leasing Company Ltd to appoint its Chief Executive
18/12/1999 Securities and Exchange Commission of Pakistan orders investigation into the affairs of M/s Extraction (Pakistan) Ltd under Section 263 of the Companies Ordinance, 1984