Business Recorder
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a new Certificate of Statutory Compliance (CSC) for companies to be issued by the commission. The SECP has issued an S.R.O. 875(I)/2026 here on Saturday. According to the SECP, In exercise of the powers conferred by section 510 of the Companies Act, 2017 (the “Act”), the Securities and Exchange Commission of Pakistan (“SECP”) is pleased to notify the introduction and issuance of a Certificate of Statutory Compliance (“CSC”) to be issued by the Registrar, upon submission of an application, in the manner specified hereunder:- Purpose and Scope: The CSC shall serve as an official certification issued by the SECP, based on the records maintained by it, confirming that a company: (i) is duly incorporated under the Act; (ii) continues to exist on the register of companies with an active status; (iii) has complied with the filing and disclosure requirements prescribed under the Act and the rules and regulations made thereunder, as of the date of issuance of the certificate. The CSC may be issued either manually or electronically through the Commission’s eZfile system, upon submission of an application. An electronically issued CSC shall bear a QR code to facilitate authentication. READ ALSO: SECP looks to scrap requirement for shareholders of Pakistani firms to declare foreign shareholdings The Registrar shall issue the CSC in the prescribed format set out in the Annexure unless any one or more of the following conditions exist: (i) the company is shown inactive on the register of companies; (ii) the company is under the process of strike off, winding up, liquidation or dissolution; (iii). there exists a dispute among members, shareholders, or directors relating to statutory filings or corporate records, or where the matter is sub judice before a court or pending adjudication before any competent forum, or where a complaint, investigation, or inquiry by the Commission or any other law enforcement or regulatory authority is pending finalization; (iv) any statutory return, document, or compliance requirement of the company remains outstanding or is pending clearance, approval, or no-objection certificate from any Ministry, Department, or authority; (v) any document of the company has previously been issued on request with a disclaimer as to its contents due to discrepancies or deficiencies in the filings; or; (vi) a certified copy of any document has been issued strictly as filed by the company, without the Registrar assuming responsibility for the correctness or accuracy of the contents thereof. (vii) the information available on the record of the Commission is incomplete, inaccurate, inconsistent or misleading; and (viii) there exists any other reasonable cause to be recorded in writing, justifying such refusal. The CSC shall state the position as on the date of issuance and shall be issued upon payment of application fee as prescribed in the seventh schedule to the Act. The CSC shall be issued solely on the basis of the records maintained by the SECP as of the date of issuance and is intended for informational purposes only. It shall not be construed as a legal opinion, assurance or guarantee of the company’s financial position, solvency or overall compliance beyond what is reflected in the records of the Commission. Moreover, the Commission shall not be responsible for any omission, inaccuracy or subsequent change in the status of the company arising after the date of issuance of the CSC. The certificate shall be issued solely on the basis of the records maintained by the SECP as of the date of issuance and is intended for informational purposes only. It shall not be construed as a legal opinion, assurance or guarantee of the company’s financial position, solvency or overall compliance beyond what is reflected in the records of the Commission. Moreover, SECP shall not be responsible for any omission, inaccuracy or subsequent change in the status of the company arising after the date of issuance of the certificate of statutory Compliance, SECP added. Copyright Business Recorder, 2026
Go to News Site