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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

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28th lecture

  • 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