PROF Sharif Al Mujahid is an eminent academic. However, his letter (April 17) seems to be the product of some misunderstanding. He has asserted that the Securities and Exchange Commission of Pakistan (SECP) recently decided to bar women witnesses on shareholding documents. This is not true.

The SECP would like to state that it has not barred women witnesses on any shareholding documents, including the transfer deed for transfer of shares. We would like to add that the SECP is considering reviewing the format of the transfer deed used for transfer of shares held by investors in companies. This is being done to bring it into conformity with the 1984 Qanoon-i-Sahadat Order.

Shakil Chaudhary
Media and Corporate Communications Department SECP
Islamabad

Published in Dawn, April 21st, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play