{"id":61184,"date":"2020-02-08T10:16:00","date_gmt":"2020-02-08T05:16:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61184"},"modified":"2020-02-07T18:24:08","modified_gmt":"2020-02-07T13:24:08","slug":"secp-proposes-amendments-companies-act-2017","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/secp-proposes-amendments-companies-act-2017.html","title":{"rendered":"SECP proposes amendments in Companies Act 2017"},"content":{"rendered":"\n<p>Lahore: The Securities and Exchange Commission of Pakistan (SECP) has issued a draft of the Companies (Amendment) Ordinance, 2020; which proposes amendments to the Companies Act 2017 for implementing the government\u2019s ease-of-doing-business initiative.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/new-facilitation-programme-launched-ease-doing-business.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"New facilitation programme launched to promote ease of doing business (opens in a new tab)\">New facilitation programme launched to promote ease of doing business<\/a><\/p>\n\n\n\n<p>Under the Companies (Amendment) Ordinance, 2020, SECP can\nimplement measures for providing greater ease-of-doing-business, improving\nregulatory quality and efficiency and facilitating innovation and the use of\ntechnology in conducting business by the corporate sector. These measures\ninclude efforts to formalise existing practices through regulations and\nimplementing other measures for attaining international standards of regulatory\nquality and efficiency for greater ease of doing business.<\/p>\n\n\n\n<p>The amendment also allow the commission to specify modes and procedures for enabling greater ease of entry into and exit from the market to start-up companies.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/resolve-issues-construction-companies-punjab-cs.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Resolve issues of construction companies: Punjab CS (opens in a new tab)\">Resolve issues of construction companies: Punjab CS<\/a><\/p>\n\n\n\n<p>It also allows SECP to implement measures for constituting\nspecial task groups from the corporate sector to encourage the use of financial\ntechnology in businesses and creating environments for testing and examining\nthe impact of innovation, new processes or technologies outside the existing\nregulatory framework. These include crowd funding, digital assets, Open APIs,\nSmart Contracts, cloud based solutions and allowing the establishment and use\nof regulatory sandboxes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Securities and Exchange Commission of Pakistan (SECP) has issued a draft of the Companies (Amendment) Ordinance, 2020; which proposes amendments to the Companies Act 2017 for implementing the government\u2019s ease-of-doing-business initiative. Read: New facilitation programme launched to promote ease of doing business Under the Companies (Amendment) Ordinance, 2020, SECP can implement measures for providing greater ease-of-doing-business, improving regulatory quality and efficiency and facilitating innovation and the use of technology in conducting business by the corporate sector. These measures include efforts to formalise existing practices through regulations and implementing other measures for attaining international standards of regulatory quality and efficiency for greater ease of doing business. The amendment also allow the commission to specify modes and procedures for enabling greater ease of entry into and exit from the market to start-up companies. Read: Resolve issues of construction companies: Punjab CS It also allows SECP to implement measures for constituting special task groups from the corporate sector to encourage the use of financial technology in businesses and creating environments for testing and examining the impact of innovation, new processes or technologies outside the existing regulatory framework. These include crowd funding, digital assets, Open APIs, Smart Contracts, cloud based solutions and&hellip;<\/p>\n","protected":false},"author":57,"featured_media":61188,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[18580],"persona":[],"class_list":{"0":"post-61184","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-secp-proposes-amendments-in-companies-act-2017"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP proposes amendments in Companies Act 2017 - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Securities and Exchange Commission of Pakistan (SECP) has issued a draft of the Companies (Amendment) Ordinance, 2020; which proposes\" \/>\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\/secp-proposes-amendments-companies-act-2017.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP proposes amendments in Companies Act 2017 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Securities and Exchange Commission of Pakistan (SECP) has issued a draft of the Companies (Amendment) Ordinance, 2020; which proposes\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/secp-proposes-amendments-companies-act-2017.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-08T05:16:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/SECP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Farhad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SECP proposes amendments in Companies Act 2017 - Zameen News","description":"Lahore: The Securities and Exchange Commission of Pakistan (SECP) has issued a draft of the Companies (Amendment) Ordinance, 2020; 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