SECP directs firms with Rs200m+ capital to appoint legal advisers
The Securities and Exchange Commission of Pakistan (SECP) has directed companies to appoint legal advisers under the Lawyers Welfare and Protection Act, 2023.
October 22, 2026 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has directed companies to appoint legal advisers in compliance with the Lawyers Welfare and Protection Act, 2023, and submit their details to the relevant registrar. Under Section 10 of the Act, every incorporated company with paid-up capital exceeding Rs20 million is required to appoint at least one practising advocate as a lega...