{"id":48888,"date":"2019-02-08T15:18:35","date_gmt":"2019-02-08T10:18:35","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=48888"},"modified":"2019-02-08T18:00:15","modified_gmt":"2019-02-08T13:00:15","slug":"real-estate-companies-get-exemption-from-secp","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/real-estate-companies-get-exemption-from-secp.html","title":{"rendered":"Real estate companies get exemption from SECP"},"content":{"rendered":"<p>Islamabad: The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) has agreed to withdraw the condition of obtaining SECP permission before public announcement of projects by real estate companies, a news source reported. This was a proposal given by the Pakistan Business Council (PBC).<\/p>\n<p>SECP will also propose the formation of a Real Estate Regulatory Authority to oversee the real estate sector.<\/p>\n<p>The section 456 (2)(a) of the Companies Act 2017 deals with the real estate companies to seek permission from SECP before public announcement of projects.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/secp-revamps-reit-regulations.html\" target=\"_blank\" rel=\"noopener noreferrer\">SECP revamps REIT regulations<\/a><\/p>\n<p>The PBC\u2019s proposal was that since real estate projects already have to be approved by provincial or local authorities like SBCA, approval from SECP is an unnecessary duplication. The proposal further said that it is not equitable to require incorporated real estate companies to seek permission when those operating in the sector through partnership do not have to do the same.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) has agreed to withdraw the condition of obtaining SECP permission before public announcement of projects by real estate companies, a news source reported. This was a proposal given by the Pakistan Business Council (PBC). SECP will also propose the formation of a Real Estate Regulatory Authority to oversee the real estate sector. The section 456 (2)(a) of the Companies Act 2017 deals with the real estate companies to seek permission from SECP before public announcement of projects. Read:\u00a0SECP revamps REIT regulations The PBC\u2019s proposal was that since real estate projects already have to be approved by provincial or local authorities like SBCA, approval from SECP is an unnecessary duplication. The proposal further said that it is not equitable to require incorporated real estate companies to seek permission when those operating in the sector through partnership do not have to do the same.<\/p>\n","protected":false},"author":57,"featured_media":42129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[10359],"persona":[],"class_list":{"0":"post-48888","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-real-estate-companies-get-exemption-from-secp"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real estate companies get exemption from SECP - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) has agreed to withdraw the condition of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/real-estate-companies-get-exemption-from-secp.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real estate companies get exemption from SECP - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) has agreed to withdraw the condition of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/real-estate-companies-get-exemption-from-secp.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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