3. Corporation
An artificial being
created by law(legal
entity).
A corporation is a
legal entity that
exists to conduct
business. It’s a
separate legal entity
from the people who
make it. A
corporation can
conduct business in
its own name just
like any person can.
4. Law
The rules defining correct procedure or
behavior.
The law is the rules of conduct developed by
the Government or society over a certain
territory.
5. Corporate Law
Corporate law (also known as business
law or enterprise law or sometimes company
law) is the body of law governing the rights
relations and conduct of persons companies
organizations and businesses .
the term refers to the legal practice of law relating
to corporation or to the theory of corporation.
The law relating to the matters which derive
directly from the life-cycle of a corporation.
6. Major Characteristics C.Law
Legal Personality.
Limited liability.
Transferable shares.
Delegated management.
Investor ownership.
Constitution of the company.
Capacity and powers.
Corporate crimes.
Rules for the Debtors and Creditors.
8. Securities & Exchange
Commission of Pakistan.
The Securities and Exchange Commission of Pakistan
(SECP) is the financial regulatory agency in Pakistan
whose objective is to develop a modern and efficient
corporate sector and a capital market based on sound
authority principles, in order to encourage investment and
foster economic growth and prosperity in Pakistan.
The Securities and Exchange Commission of
Pakistan (SECP) is the Official Financial Regulatory
Authority in Pakistan whose mission is to develop a
modern-day and well-organized business sector and a
business market based on comprehensive governing
principles, in order to boost financing and
promote economic growth and success in Pakistan.
10. History of SECP
The Securities and Exchange Commission of Pakistan was
formed on 1st January 1999 by the government of Pakistan
to monitor and regulate financial institutions of
Pakistan. Before formation of SECP, it was monitored
by Corporate Law Authority, which falls under Ministry of
Finance Government of Pakistan. The idea of restructuring
CLA was initiated in year 1997 by Asian Development
Bank (ADB). Than the Parliament of Pakistan passed
Securities and Exchange Commission act in December
1997 under which SECP became operational to regulate
the capital market of Pakistan.
11. Divisions of SECP
Company Law Divisions.
Securities Market Divisions.
Specialized Companies Division.
Insurance Division
12. Company Law Division
The main function of Company Law Division
is the regulation of corporate sector.
Under the section42 company law division
appoint the Administrator to manage the
affairs of the company licensed.
Powers included grant , renew or revoke
license.
13. Securities Market Division
Securities Market Division is responsible for
the primary and secondary markets as well as
market intermediaries through registration
surveillance , investigation, enforcement and
rule making with the objective of protecting
the interest of investors.
The SMD process and grant approval to
prospectus for public offering both debt and
equity securities.
14. Specialized Company Law Division.
(SCD).
Supervision and Regulation of Non-Banking
financial institutions and pension schemes.
The SCD performs the functions of Licensing,
Registration, Regulation and Inspection off-
site surveillance and enforcement.
SCD is also responsible for centralized
functions.
15. Insurance Division.
The SECP regulating the insurance industry
science 2001.
SECP regulates and monitor the insurance
industry in the country through vested in the
insurance ordinance.