1. Registry Scorecard
Pakistan

2. About Us
• The Securities & Exchange Commission of
Pakistan (SECP)
• Regulator of the corporate sector, capital
markets, insurance and non-banking finance
sectors
• Eight regional offices

3. SECP’s Functions & Responsibilities
The regulatory functions of SECP fall under following four broad categories:
 Registration & Licensing
 Supervision (prudential and regulatory)
 Enforcement (civil and criminal)
 Market development including;
• Revamping of existing and framing of new legal framework
• implementation of Corporate Governance, Corporate Social
Responsibility and Anti Money Laundering
In addition to above SECP also performs following functions:
 Appellate Bench
 Investor awareness and education
 Administration of professionals like chartered accountants, cost
accountants and corporate secretaries
 Permanent seat on councils of ICAP and ICMAP
 Pakistan Institute of Corporate Governance (PICG)
 Institute of Capital Markets (ICM)

4. Corporatization and Compliance
Department
• The Corporatization and Compliance Department (CCD)
is responsible for administration of the Companies
Ordinance 1984 (Ordinance), and the rules and
regulations made there along with other relevant laws.
• Its primary functions include registration of companies,
regulating their statutory functions, and monitoring of
corporate compliance through examination of
statutory returns and accounts.
• These functions are performed by the eight regional
offices of the SECP, the Company Registration Offices
(CROs).

5. Corporatization and Compliance
Department
• The CCD supervises, coordinates, and monitors
the workings of the CROs. Besides, the CCD
performs a number of other functions, i.e.,
– licensing of non-profit associations,
– developing legal framework,
– performing delegated powers of the Commission and
statutory powers of the Registrar of Companies,
– improving facilitation mechanism and
– processing appeals, review and revision applications.

6. Statistics
• Total corporate portfolio: 63,179 companies
• Total companies registered in last 12 months:
4,098
• Online incorporation rate: 60%

7. Organogram and staffing of CCD
Commissioner (CL)
Tahir Mahmood
Executive Director (CCD)
Nazir Ahmed Shaheen
Corporate, Legal Registration,
Licensing,
Framework, Litigation, Advisory
Regulating and
Research & MIS and Complaints
Compliance Wing Wing
Wing
Muhammad Mubasher Saeed
Muhammad Musharraf Khan
Siddique Saddozai
Additional Director (CCD)
Registrar of Registrar of
Companies Companies
Company Registration
Offices
Karachi Lahore Islamabad
Khi Peshawar Multan Faisalabad Quetta Sukkur
Staff at Head Office: 27 Staff at CROs: 139

8. Latest Features
• Introduced Fast Track Registration Services
(FTRS), which ensures incorporation of company,
registration/modification/satisfaction of charge,
availability of name and change of name services
in just four hours
• SECP introduced eServices in 2008, with the aim
of gradual shift towards automation of its
services. In a phased manner, mandatory online
filing regime is being undertaken. From April
2013, it will be made mandatory for Listed
companies

9. Risks/Concerns
• Relatively discouraging tax regime for
corporates hampering corporate portfolio
growing to its potential
• Low quality of filing by small companies
• Law and order situation in some key cities of
the country impeding our working and growth
of corporate portfolio