Stock Guide in Urdu

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has published a Single Member Company Guide in Urdu for the sole proprietors so that they can better understand certain legal obligations while conducting businesses, said a statement issued on Monday.The publishing of the guide in Urdu would ensure its accessibility across various segments. Last year, the SECP had introduced the Single Member Companies Rules, 2003 as a result of which 178 Single Member Companies (SMC) have so far been incorporated. The Rules require SMCs to fulfill certain obligations while conducting their business.

The guide illustrates the concept of a SMC, which is a private limited company with one member and precisely outlines the procedure to incorporate such an entity and to convert an existing multi-member private company into a SMC. Not only would this guide help stakeholders understand the concept, and legal and procedural requirements of a SMC, but it would also inform them of the advantages of forming a SMC, the SECP said.

The guide can be obtained from the SEC head office, its regional offices and its English version is available at the SECP website, the SECP said. —Staff Report

http://www.dailytimes.com.pk/default.asp?page=story_7-12-2004_pg5_12

I just wish they will have the report on their website
http://www.secp.gov.pk/