HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION
To: All Members of the Association (Southern Zone)
SECP's Presentation on LLP (Limited Liability Partnership) and
Difference Between LLP & Firm
After enactment of Companies Act 2017, in pursuit of its primary objectives, the Securities and Exchange Commission of Pakistan has revamped the entire legislative framework for the corporate sector which fosters Ease of Doing Business. Recently, the Commission has promulgated Regulations for LLPs (Limited Liability Partnership), providing the framework for incorporation of LLPs and has also introduced online unified incorporation process, which enables swift registration of LLPs.
In this regard, PHMA in collaboration with SECP had organized an awareness session on 12-7-2018 at PHMA House, Karachi on the benefits of LLPs and the incorporation process. The presentation was focused on the benefits of Limited liability partnership over the partnership firms registered under the Partnership Act 1932, filing requirements and procedures under the new regime and conversion process of Partnership Firms into LLPs etc.
We are attaching herewith the SECP Presentation on the subject for information and awareness of members in this regard.
Thanks and Best Regards,
Muhammad Jawed Bilwani Tariq Munir
Chief Coordinator Chairman (SZ)