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January 15, 2020

SECP introduces new category

Business

January 15, 2020

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced a separate category for members of transgender community in its online portal for company registration and compliance, ie, eServices, a statement said on Tuesday.

The initiative is in line with the government of Pakistan’s efforts to grant fundamental rights to transgender community, under “The Transgender Persons (Protection of Rights) Act, 2018”.

This act allows individuals to mention their identity on all official documents, including identity cards, passport, educational certificates and driving licences, it said.

Now, in eServices, a person has an option to self-identify under three classifications, ie, male, female and other.

With this initiative, the transgender community is able to register a company or become shareholder or director in a company with personal identity of their choice, it added.