The Securities and Exchange Commission of Pakistan (SECP) is a policy board established under the Securities and Exchange Commission of Pakistan Act of 1997. It consists of 9 members including 5 ex officio members from the finance, law, commerce, and state bank divisions. The other 4 members are from the private sector with expertise in commerce, law, banking, and securities. Members serve 4-year terms that are renewable. The SECP advises the government on capital market matters and promotes development of the securities market. It oversees the performance of the Securities and Exchange Commission of Pakistan.

1. Objective
To Learn
1. The SECP
Subject: Company Law
Standard: LL.B second year
Topic: Authorities in Company
MUNIR HUSSAIN KTK
Lecturer
UNIVERSITY LAW COLLEGE
QUETTA
www.facebook.com/pages/Corridor-to-Commercial-Law
Definition :
A policy board established under section 12
of the Securities and Exchange Commission
of Pakistan Act, 1997
Appointment:
Federal government
Composition:
Consist of 09 members
Five members will be ex officio
Four members will be from private sector
Ex officio member:
1. The secretary to the government
finance division
2. The secretary to the government law
division
3. The secretary to the government
commerce division
4. The chairman of the commission
5. Deputy governor of the state bank
nominated by the Governor of the
state bank
Civil sector member:
Appointed by federal government
Each of whom will be will known for his integrity,
expertise and experience in Commerce,
corporate law, accountancy, banking, and
Security exchange etc.
Term of office:
A member not being an ex officio member shall
hold office for the term of four year and eligible for
further term of four year.
The ex officio member shall hold office as a
member till such time as he holds the office by
virtue of which he is the member
Function:
 Advise the Federal Government on all
matters directed by Commission.
 To take Measure for the Promotion and
Development of Security Market.
 To see that the Performance of the
Commission is as per Act. Etc.
 Appeal :
 Order given by single commissioner
 The aggrieved person may prefer an
appeal before the appellate bench of the
commission
 Appellate bench of the commission shall
not be comprising by less than two
commissioner
 Time limit :
 Within 30 days
 Appeal to the court :
 Within 60 days
SECP
Security and exchange
commission of Pakistan Act
1997
Registrar
Definition:
A government official specially appointed
to carry out the function under this
ordinance
Means: companies’ ordinance 1984
Company registration office (CROs)
 Islamabad
 Peshawar
 Quetta
 Karachi
 Lahore
 Multan
 Faisalabad