KARACHI: End to end automation of services through the use of modern technology is the top priority on the Securities & Exchange Commission of Pakistan’s (SECP) reform agenda. Launch of the electronic certificate of incorporation is another step in this direction to make the company incorporation process fully electronic and hassle-free. This development is in line with corporate registries of developed countries. 

The electronic certificate has been launched from January 01, 2021, and issuance of a physical certificate of incorporation has been discontinued. The new electronic certificate is equivalent to the physical certificate for all legal purposes. It includes various security features including SECP monogram, an electronic seal of the registrar, QR code and a hyperlink for instant verification from SECP’s record. 

After this development, the company incorporation process has become fully electronic. This physical contact free service has been especially fast-tracked in light of the current pandemic, and with a view of further reduce the time to incorporate a company.

In 2008, when eService was launched by the SECP for electronic submission, it was the first of its kind initiative by any public sector organization in Pakistan.  The recent launch of electronic certificate is another “first” in SECP modernization journey and towards end-to-end digitization of all its regulatory functions.

The author is a senior business reporter with bylines in leading newspapers and magazines across Pakistan.


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