The Securities and Exchange Commission of Pakistan has begun a major exercise to remove more than 200 inactive companies from its official register, describing the move as one of the largest recent clean ups of dormant corporate entities in the country. The regulator says the listed firms will be dissolved if no objections are filed within ninety days of publication.
Those companies applied voluntarily for exit under Section 426 of the Companies Act 2017 and the Companies Easy Exit Regulations 2014. The easy exit mechanism allows non-operational or dormant businesses to wind up without prolonged legal procedures, streamlining the process for inactive companies that meet the criteria.
According to the public notices, chief executives and directors submitted written declarations confirming that the companies have no assets or liabilities, are not conducting any business, and have no outstanding dues with banks, government departments, utilities or private parties. These declarations were certified by auditors and chartered accountants before the exit requests were processed.
An SECP official said the regulator is acting strictly in accordance with Sections 425 and 426 and that the list was published so any person or institution with objections can respond within the allowed period. Notices were released through the advertisements section as required for corporate transparency.
If no objections are lodged within ninety days from the date of publication, all named entities will be officially struck off the register and treated as dissolved. The SECP said the exercise is part of an ongoing effort to update corporate records and ensure only active, compliant companies remain on the register, a move that reflects wider regulatory focus on cleaning up dormant filings.
