The Securities & Exchange Commission of Pakistan (SECP) is the financial regulatory agency that oversees the development of Pakistan's corporate sector and capital markets based on sound principles to encourage investment and economic growth. The SECP was established in 1999 as the successor to the Corporate Law Authority and has various divisions that regulate securities markets, companies, non-banking financial institutions, and insurance. The SECP's main functions include regulating securities markets and related institutions, administering company law, and regulating non-banking financial companies, insurance businesses, and the incorporation and registration of companies.
Securities & Exchange commission of Pakistan (SECP)IRFAN UR REHMAN
This power point file contains the details of Securities & Exchange Commission of Pakistan (SECP), Its brief history, functions and objectives, organizational structure, process of registering a private company and divisions.
It also shows the types of companies at the end.
With Reference as: -
https://www.secp.gov.pk/
Securities & Exchange commission of Pakistan (SECP)IRFAN UR REHMAN
This power point file contains the details of Securities & Exchange Commission of Pakistan (SECP), Its brief history, functions and objectives, organizational structure, process of registering a private company and divisions.
It also shows the types of companies at the end.
With Reference as: -
https://www.secp.gov.pk/
Cg & Role of SECP Securities and Exchange Commission of Pakistan ASAD ALI
The Securities and Exchange Commission of Pakistan (SECP) was set up in pursuance of the Securities and Exchange Commission of Pakistan Act, 1997. This Act institutionalized certain policy decisions relating to the constitution and structure, powers, and functions of the SECP, thereby giving it administrative authority and financial independence in carrying out its regulatory and statutory responsibilities.
The SECP became operational in January 1999 and has come a long way since then. It was initially concerned with the regulation of corporate sector and capital market. Over time, its mandate has expanded to include supervision and regulation of insurance companies, non-banking finance companies and private pensions. The SECP has also been entrusted with oversight of various external service providers to the corporate and financial sectors, including chartered accountants, credit rating agencies, corporate secretaries, brokers, surveyors etc. The challenge for the SECP has amplified manifold with its increased mandate.
Definition
Stages in Formation
Memorandum of Association (MOA)
Article of Association (AOA)
Prospectus
Definition
Stages in Formation
Memorandum of Association (MOA)
Article of Association (AOA)
Prospectus
help how company formed in pakistan
Articles of Association and its Alterations Simplified.Ankit Shah
Articles of Association and its Alterations Simplified is a presentation which help in better understanding of complex company law. This presentation was made & presented by me during my MBA in Corporate Law.
Pakistan Stock Exchange PSX 2016 - Pakistan Stock exchange is the merger of all three stock exchanges(ISE, LSE, KSE) of Pakistan. Entities which provide "trading" facilities for stock brokers and traders, to trade stocks and other securities.
Cg & Role of SECP Securities and Exchange Commission of Pakistan ASAD ALI
The Securities and Exchange Commission of Pakistan (SECP) was set up in pursuance of the Securities and Exchange Commission of Pakistan Act, 1997. This Act institutionalized certain policy decisions relating to the constitution and structure, powers, and functions of the SECP, thereby giving it administrative authority and financial independence in carrying out its regulatory and statutory responsibilities.
The SECP became operational in January 1999 and has come a long way since then. It was initially concerned with the regulation of corporate sector and capital market. Over time, its mandate has expanded to include supervision and regulation of insurance companies, non-banking finance companies and private pensions. The SECP has also been entrusted with oversight of various external service providers to the corporate and financial sectors, including chartered accountants, credit rating agencies, corporate secretaries, brokers, surveyors etc. The challenge for the SECP has amplified manifold with its increased mandate.
Definition
Stages in Formation
Memorandum of Association (MOA)
Article of Association (AOA)
Prospectus
Definition
Stages in Formation
Memorandum of Association (MOA)
Article of Association (AOA)
Prospectus
help how company formed in pakistan
Articles of Association and its Alterations Simplified.Ankit Shah
Articles of Association and its Alterations Simplified is a presentation which help in better understanding of complex company law. This presentation was made & presented by me during my MBA in Corporate Law.
Pakistan Stock Exchange PSX 2016 - Pakistan Stock exchange is the merger of all three stock exchanges(ISE, LSE, KSE) of Pakistan. Entities which provide "trading" facilities for stock brokers and traders, to trade stocks and other securities.
Corporate environment Notes asper Bangalore university syllabus which help the students in knowing the Corporate Environment and culture that is prevailing in the Economy
Dear Members
Following the passage of the Companies (Amendment) Bill and LLP (Amendment) Bill by Parliament on 10 March 2017, Senior Minister of State for Law and Finance Indranee Rajah has issued a note (as attached) meant for the business and legal communities. The note highlights that the legislative changes will be a timely boost for Singapore as we seek to enhance our international competitiveness and strengthen Singapore’s standing as a leading financial centre. For further details on the legislative changes and help resources, please refer to ACRA’s website at www.acra.gov.sg/CA_2017.
ACCA
India Enacts Further Sections of the Companies Act, 2013Nair and Co.
With reference to the effectiveness of India?s new Companies Act, 2013, the Ministry of Corporate Affairs (MCA) has further notified 183 sections and schedules. The newly notified sections have come into effect 1 April 2014.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
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Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Monthly Economic Monitoring of Ukraine No. 232, May 2024
SECP(Security exchange&commission of Pakistan)
1. Securities & Exchange
Commission of Pakistan
Group Participants:
Wajih Ul Hassan BSE181024
Hamail Naqvi BSE181022
Mohammed Srosh BSE181028
Sohaib Shaikh BSE181037
2. Introduction
The Securities & 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.
3. Establishment
The Securities and Exchange Commission of Pakistan (SECP) is
the successor to the erstwhile Corporate Law Authority (CLA),
which was an attached department of the Ministry of Finance. The
process of the CLA's restructuring was started in 1997 under the
Capital Market Development Plan of the Asian Development
Bank (ADB). The parliament passed the Securities and Exchange
Commission of Pakistan Act, which was promulgated in December
1997. Consequently, the SECP, having an autonomous status,
became operational on January 1, 1999.[1] The Act gave the
organization the administrative authority and financial autonomy to
carry out the reform program for Pakistan’s capital market.
4. The business proposed to be undertaken by a company is
mentioned in clause III of its Memorandum of Association,
which relates to objects of a company. The Companies
Ordinance, 1984 (the Ordinance) allows a company to
alter the object clause of its Memorandum of Association
with the approval of the Securities & Exchange
Commission of Pakistan (SECP), on the petition filed by
a company within 60 days of the passing of Special
Resolution, for the reasons provided under section 21 of
the Ordinance and the procedure laid down under rule 3
read with
rules 28, 30 and 32 of the Companies (General
Provisions and Forms) Rules, 1985 (the Rules).
Memorandum Associations &
Article Association of a
Company
5. The memorandum of association should have
following contents
1.The name of the company that required registration and also whether it is a
company limited by shares, limited by guarantee or any other form of
business.The place also specifying the province where the registered office of
the company is going to be.
2.The basic objective of the registration of the company or in other words the
reason why the company is to be registered and the business it is going to
undertake. In case the company is going to be registered as Private Limited
company or any other form of company the fact shall also be mentioned that
the company is limited company and that the liability of the members of the
company is going to be limited up to the amount of unpaid capital in case of
Private Limited company.
3.The amount of share capital shall also be mentioned in the memorandum of
association with which the company proposes to get registered. The
distribution of the share capital into share of definite amount is also
mentioned in the memorandum of association.
4.Every subscriber or shareholder mentioned in the memorandum of
association of the company shall take at least one share it is not possible to
take half share. The number of shares each member of the company
proposes to take shall write opposite to his name that how many shares have
been taken by him.
6. Companies registered in Pakistan are allowed to make
alteration in their memorandum of association for the
following reasons:
o A company registered in Pakistan can make changes in its memorandum to
carry on business more economically or more efficiently.
o Registered companies in Pakistan can make alteration in its memorandum of
association to attain its purpose by new or improved means.
o Changes are also allowed in the memorandum if the company registered in
Pakistan is proposing to enlarge the area of its operations.
o A company can also make changes in the memorandum of association to carry
on any other business which can be conveniently be carried with the existing
business of the company.
7. cont.
o Similarly modification can also be made in the memorandum of association of
the company to restrict or abandon any business mentioned in the
memorandum of association.
o Changes are also made by companies in their memorandum of association to
sell or dispose of whole or part of their business.
o Sometimes changes are also made in the memorandum of association of the
company registered in Pakistan to amalgamate its business with any other
company.
8. The SECP is a collegiate body with collective responsibility.
The SECP is divided into the following divisions:
•Company Law Division
•Securities Market Division
•Specialized Companies Division
•Insurance Division
•Adjudication Division
•Prosecution and Legal Affairs Division
•Support Services Division
Organization
9. SECP’s main functions include; regulation of securities
market and related institutions like Central Depository
Company (CDC), Credit Rating Companies and Modarabas
(funds operating on the basis of Islamic economic principles);
administration of the company law; regulation of non-banking
finance companies like leasing companies, investment
banks and mutual funds, regulation of insurance business
and private pensions. One of the important functions of the
SECP is the incorporation/registration of companies. This
task has been entrusted to the Registration Department,
Company Law Division which has its field offices known
as Company Registration Offices (CROs) for the
purpose of incorporation / registration of different
type of companies.
Functions
10. For the convenience of general public, promoters
and directors of companies, SECP has established
its eight CROs at Islamabad, Karachi, Lahore,
Peshawar, Faisalabad, Multan, Sukhur and Quetta.
Online facilities for incorporation of companies and
filing of returns have been made available.
Registration of companies and monitoring of their
working according to law, functions of CRO’s
include providing services and guidance and also to
ensure that the companies and their directors
comply with the statutory requirements as
provided under the Companies Ordinance, 1984
(the Ordinance).
INCORPORATION OF A COMPANY
11. •Step 1: Approval of Company Name
•Step 2: Submission of Documents
•Step 3: Certificate of Incorporation
•Step 4: Deposit of Shares
•Step 5: Registration of Income, Sales, and Professional
Taxes
Registering a new company
12. Branch Office
A branch office is a suitable alternative to company
registration if your company wants to have a presence in
Pakistan without setting up a separate legal entity.
Liaison -Office
If you want to promote your products in Pakistan, you can set
up a 100% foreign-owned liaison office here.
Besides product promotion, you can also provide technical
advice and assistance, explore the various possibilities of
joint collaboration, and export promotion in Pakistan.
However, this type cannot engage in commercial or trading
activities and it is not subject to any minimum capital either.
Alternatives to company registrationin Pakistan
13. •Adding value through key relationships
•Building the relationship with the directors
•Relationship with independent directors
•Relationship with the independent Director and non-
executive directors
•Relationship with independent directors and Chairman
•–Conclusion
The role of the company secretary in Pakistan- current
perspectives