SECP notified Corporate Restructuring Companies Rules,2019[“Rules”] videS.R.O.1306(I)/2019 dated 01 November 2019 in terms of section 15 of Corporate Restructuring Companies Act,2016[“Act”].
Introduction
No Corporate Restructuring Company [“CRC”] can carry on the business of corporatere structuring unless it is established as a public limited company and holds a valid license issued by SECP in this behalf.