Guidelines for company name selection issued

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Guidelines for company name selection issued

ISLAMABAD: With the total number of registered companies in the country reaching approximately 240,000, the Securities and Exchange Commission of Pakistan (SECP) has issued new guidelines for selecting company names. This decision comes in response to an increasing rate of name rejections. However, investors have expressed concerns that the stringent criteria of the SECP also discouraged corporatisation in the country. The guidelines have stated…