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  • Securities and Exchange Commission of Pakistan: International Affairs, Communication & Coordination (IACC) Department

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    Fatima Menahil
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    The SECP has amended the format for the Statement in Lieu of Prospectus that unlisted public companies must file to obtain a commencement of business certificate. The new format is easier to fill out and better suited for online submission. It also includes additional relevant information like the company's registered office and contact details. The previous format contained cumbersome and complicated information, so the new format simplifies and clarifies the information required, such as details on the company's authorized capital, business, directors, and contracts. The revised SRO 289 (I)/2011 can be found on the SECP website.

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    The SECP has amended the format for the Statement in Lieu of Prospectus that unlisted public companies must file to obtain a commencement of business certificate. The new format is easier to fill out and better suited for online submission. It also includes additional relevant information like the company's registered office and contact details. The previous format contained cumbersome and complicated information, so the new format simplifies and clarifies the information required, such as details on the company's authorized capital, business, directors, and contracts. The revised SRO 289 (I)/2011 can be found on the SECP website.

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    5 views2 pages

    Securities and Exchange Commission of Pakistan: International Affairs, Communication & Coordination (IACC) Department

    Uploaded by

    Fatima Menahil
    The SECP has amended the format for the Statement in Lieu of Prospectus that unlisted public companies must file to obtain a commencement of business certificate. The new format is easier to fill out and better suited for online submission. It also includes additional relevant information like the company's registered office and contact details. The previous format contained cumbersome and complicated information, so the new format simplifies and clarifies the information required, such as details on the company's authorized capital, business, directors, and contracts. The revised SRO 289 (I)/2011 can be found on the SECP website.

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    SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

    International Affairs, Communication & Coordination (IACC) Department

    PRESS RELEASE

    FOR IMMEDIATE RELEASE

    SECP amends the format of Statement in Lieu of Prospectus

    ISLAMABAD, April 9: The Securities and Exchange Commission of Pakistan (SECP) has
    amended the Statement in Lieu of Prospectus format required to be filed by unlisted public
    companies to obtain the commencement of business certificate.

    The main purpose of this revision is to make Statement in Lieu of Prospectus more
    compatible with SECP’s eServices regime and understandable for the regulatees as well as
    their consultants. The amended format is much easier to be filled and best suited to online
    submission environment.

    Some relevant information regarding the company has also been added keeping in view the
    requirements of all the stakeholders, including corporate universal identification number,
    registered office, contact details, etc.

    Further, previous format contained some cumbersome, complicated and difficult


    information. Recognizing the same, the format has been simplified, made informative and
    comprehensive to facilitate the regulatees. The amended format contains more detailed and
    simplified information on authorised capital of the company, business to be undertaken by
    the company and its future prospects, particulars of directors, chief executive, secretary etc,
    remuneration payable to these persons, number and amount of shares and debentures
    agreed to be issued, details of every agreement entered into since incorporation and material
    contracts, minimum subscription and its proposed utilization, preliminary expenses, etc.
    Moreover, unnecessary and duplicate information has been deleted.

    SRO 289 (I)/2011 has been placed on the SECP website: www.secp.gov.pk

    Securities and Exchange Commission of Pakistan


    NICL Building, 63-Jinnah Avenue, Islamabad
    UAN#: 111-11-7327
    Direct #: 9214005,
    Shakil Ahmad Chaudhary
    Head, Internal and External Communication
    Securities and Exchange Commission of Pakistan
    NIC Building, 63 Jinnah Avenue, Islamabad
    Tel: 921-4005 or 921-4009 ext. 378
    Fax: 920-6459
    Cell: 0302-855-2254
    email: shakil.chaudhary@secp.gov.pk

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