Published on, Aug. 26 -- August 26, 2025 12:22 AM

The Securities and Exchange Commission of Pakistan (SECP), in its drive to promote standardization and uniformity has issued a circular under the Companies Act, 2017, prescribing a Standard Format of Board Resolution for the opening of corporate bank accounts by the companies.

This reform is one of the initiatives taken by SECP under the umbrella of theme of its 7th Registrar Conference "From paper to Platform" The Circular has been issued after extensive consultations with the Pakistan Banks' Association (PBA) and other stakeholders.

Previously, the absence of a prescribed format had resulted in inconsistent documentation, frequent compliance queries and processing delays-particularly ...