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The Securities and Exchange Commission of Pakistan (SECP) has initiated the process to remove more than 200 inactive companies from its official register, marking one of the largest clean ups of dormant corporate entities in recent months. The regulator says the firms will be dissolved if no objections are filed within ninety days.
The companies listed for removal had voluntarily applied for exit under Section 426 of the Companies Act 2017 and the Companies Easy Exit Regulations 2014. This mechanism allows non operational or dormant businesses to formally wind up without extended legal procedures. SECP’s latest move follows a routine check aimed at clearing inactive firms and updating corporate records.
According to the notices, the chief executives and directors of these companies submitted written declarations confirming they have no assets or liabilities, are not conducting any business, and hold no outstanding dues with banks, government departments, utilities, or private parties. Auditors and chartered accountants certified these declarations, ensuring compliance before the exit request was processed.
An SECP official, commenting on the process, said the regulator is “acting strictly in accordance with Sections 425 and 426” and that the list was published so that
“any person or institution with objections can respond within the allowed period.”
The notices were released through the advertisements section as required for corporate transparency.
If no objections are filed within ninety days from the date of publication, all mentioned companies will be officially struck off the record and treated as dissolved. SECP maintains that the exercise is part of an ongoing effort to streamline the corporate sector and ensure only active, compliant companies remain on the register.
