Securities and Exchange Commission of Pakistan (SECP) has approved the Companies Regulations, 2024, which is a consolidated version of the following ten separate regulations, earlier framed under section 512 of the Companies Act, 2017

• The Companies (Incorporation) Regulations, 2017;
• The Foreign Companies Regulations, 2018;
• The Companies (General Provisions and Forms) Regulations, 2018;
• The Companies (Registration Offices) Regulations, 2018;
• The Associations with Charitable and Not for Profit Objects Regulations, 2018;
• The Companies (Further Issue of Shares) Regulations, 2020;
• The Intermediaries (Registration) Regulations, 2017;
• Unlisted Companies (Buy Back of Shares), Regulations, 2023;
• The Group Companies Registration Regulations, 2008; and
• The Companies (Easy Exit) Regulations, 2014.

SECP made some changes to the rules after looking at them closely. This made several procedures simpler. Now, instead of having to fill out 75 forms, you only need to fill out 28. SECP also put similar definitions in one place to make things easier. He reduced the number of applications and extra documents from 13 to just 7.

SECP is going to switch from its current online system, 'eServices', to a new one called 'eZfile'. This new system will be more user-friendly and have better features. It's designed to make it easier for people to use SECP's services and file documents.

Because the launch of 'eZfile' and the new regulations for companies are connected, the new forms will only be available on 'eZfile' starting February 15, 2024, or whenever SECP announces. We've included a comparison of the old and new forms for your reference. You can also find the new regulations on www.secp.gov.pk.