SECP tells holding cos to enhance public disclosure

Group Companies Registration Regulations 2008 were issued by the Securities and Exchange Commission of Pakistan (SECP) in 2008 to provide a regulatory framework for the formation of group companies, comprising a holding company and its subsidiaries and to streamline the group ownership structures.

The Regulations provided a registration mechanism of holding companies along with their subsidiaries as a group with the SECP and also provided an enabling framework for the group companies intending to avail themselves of tax relief from the FBR.

From: Daily Times