The Securities and Exchange Commission of Pakistan (SECP) has officially introduced a Certificate of Statutory Compliance (CSC) through S.R.O. 875(I)/2026. This certificate, issued by the Registrar of Companies, serves as an official regulatory certification that provides verified confirmation based on SECP records. It confirms that a company is duly incorporated under the Companies Act, 2017, remains active on the register, and has complied with all applicable statutory filing and disclosure requirements as of the certificate's issuance date.
Benefits for Stakeholders
This framework is designed to benefit both domestic and international stakeholders, including investors, financial institutions, government authorities, business counterparties, and other market participants. By offering reliable verification of a company's statutory and compliance status, the CSC enhances regulatory certainty and fosters trust in the corporate sector.
Conditions for Issuance
The CSC will not be issued under certain conditions. These include cases where a company is inactive, undergoing strike-off or liquidation, involved in disputes, inquiries, or investigations, has outstanding filings or pending approvals, or where SECP records are found to be incomplete, inaccurate, or misleading. This ensures that only compliant companies receive the certification.
Regulatory Reform Agenda
The introduction of the CSC is part of SECP's broader regulatory reform agenda. The initiative aims to strengthen corporate governance, improve the integrity of corporate records, promote transparency, and facilitate ease of doing business in Pakistan. Applications for the CSC must be submitted to the Registrar of Companies.
In related news, the Pakistani rupee gained 3 paisas against the US dollar in interbank trading.
