SECP automates Ultimate Beneficial Ownership Form for companies

News Image

MG News | April 15, 2021 at 04:18 PM GMT+05:00

0:00

April 15, 2021: The Securities and Exchange Commission of Pakistan (SECP) has launched a facility on its eService portal for online submission of statutory Form-45, required to submit the declaration of ultimate beneficial ownership (UBO), under section 123A of the Companies Act, 2017. This is another forward step to promote beneficial ownership transparency.

The SECP had introduced amendments to the relevant laws and regulations to improve the standards of transparency in the ownership and control structure of corporate entities. These amendments were aimed at preventing the misuse of companies from money laundering and terrorist financing.

The Companies (General Provision & Forms) Regulations, 2018 specify the procedure for companies to obtain, maintain and update information about their ultimate beneficial owners. The companies are required to provide a declaration of compliance to SECP, through Form 45. This measure will facilitate the companies to file the declaration with ease and reduced the cost of filing.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,310.00 119,450.00
115,635.00
4440.00
3.90%
BRENT CRUDE 69.29 69.35
68.55
0.65
0.95%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.27 67.37
66.50
0.70
1.05%
SUGAR #11 WORLD 16.30 16.43
16.20
0.04
0.25%

Chart of the Day


Latest News
July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business


July 11, 2025 at 04:12 PM GMT+05:00

OMO Result: SBP injects Rs1.72tr


July 11, 2025 at 03:38 PM GMT+05:00

Weekly SPI increases by 0.95%



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg