SECP

President Alvi approves amendments to companies law to facilitate startups President Dr Arif Alvi has approved amendments to the Companies Act, 2017, in order to provide an enabling regulatory framework to facilitate startups in the country, a press release by the Securities and Exchange Commission of Pakistan (SECP) said on Monday. According to the statement, these amendments were proposed by the SECP to help “promote and nurture startups” while also attracting local and international innovators. The Companies Act, 2017 was reviewed by the SECP in consultation with various external and internal stakeholders. “On the basis of the feedback received during the consultation process, various amendments were proposed by the regulator to promote ease of doing business, encourage startups, improve protection of minority shareholders and remove some anomalies noted in the provisions of the Act,”

Top Sectors Companies Incorporated in Past Twelve Months

TOTAL

TRADING

CONSULTING SERVICES

CONSTRUCTION

IT & SOFTWARE

Creating and Enabling Regulatory Framework for Startups

Incorporation

Company incorporation has never been easier. You can submit application for Name Reservation and Incorporation simultaneously.

Fintech

Financial Technology is an exponentially growing space in Pakistan, aiming to replace the traditional financial services.

Guides

These resources are aimed for entrepreneurs who are looking to start a company as well as those in the process of building one.

SECP VISION & MISSION.

The development of modern and efficient corporate sector and capital market, based on sound regulatory principles, that provide impetus for high economic growth and foster social harmony in the Country.

Administration & Enforcement of Corporate Laws
Registration and Regulation of Companies
Regulating the Primary and Secondary Market
Protection of Interests of the Investors
Improving the Overall Regulatory Framework
Public Facilitation and Awareness
Enforcement and Compliance Actions

SECTORS & REGULATED ENTITIES.

CAPITAL MARKET

NON-BANKING FINANCIAL SECTOR

CORPORATE SECTOR

INSURANCE SECTOR

By Shoaib Hassan at Startup Insider

Entrepreneurship and Startup Culture in Islam.

An honest and trustworthy merchant will be [raised] with the Prophets, the truthful and the martyrs!

– Prophet Muhammad (PBUH)

What is a Startup?.

A startup is a young company that is beginning to develop and grow, is in the first stages of operation,and is usually financed by an individual or small group of individuals.
A startup is a young company which could be an entrepreneurial venture or a new business, a partnership or temporary business organisation designed to search for a repeatable and scalable business model

LATEST NEWS & BLOGS

Promulgation of an enabling regulatory framework to facilitate startups in Pakistan

With the objective to promote growth in the startups sector of Pakistan, it is necessary to make relevant changes in Company Law to facilitate the incorporation process for the startups and provide a conducive regulatory environment.
A) Proposed changes in the Parent legislation (Companies Act)
i) Definition of Startups
In the Third Schedule to the Companies Act, the following category is proposed to be added:
An entity shall be considered as a Startup

Read More

SECP accelerates technology-driven solutions

Abdul Rahim Ahmad

Recently, the Securities and Exchange Commission of Pakistan (SECP) conducted an online survey to obtain feedback about its services delivery and to seek out suggestions from its stakeholders. Though an overwhelming majority shared their satisfaction with SECP’s services, a number of people suggested swift deployment of digital technology for ease of doing business, post-compliance requirements and supporting startups.

Read more

at Business Recorder

SECP made starting business easy, fast and cost effective

This is third consecutive year when Pakistan has improved its position on World Bank Ease of Doing Business Index. As per World Bank’s latest rankings on ease of doing business for 2020, released on October 24th, Pakistan has improved its position by 28 points from 136 to 108 which is an unprecedented improvement in the history of Pakistan. In last report for the year 2019 Pakistan’s ranking improved by 11 points from 147 to 136 mainly due to reforms introduced by the SECP, in two areas i.e. Starting a Business (142 to 130) and Resolving Insolvency (from 82 to 53).