Which institution regulates companies and the securities market in Pakistan?
Correct answer: D. Securities and Exchange Commission of Pakistan
- A. State Bank of Pakistan
- B. Competition Commission of Pakistan
- C. Federal Board of Revenue
- D. Securities and Exchange Commission of Pakistan
Explanation
The Securities and Exchange Commission of Pakistan, or SECP, administers company law and regulates Pakistan's corporate and securities sectors. The State Bank mainly regulates banking and monetary affairs.
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About Company Law Basics
Company law covers incorporation, separate legal personality, limited liability, shares, the memorandum and articles of association, and the powers and duties of directors. It also includes shareholder meetings, resolutions, company records, audit, winding up and the differences between a registered company, partnership and sole proprietorship.
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