The Securities and Exchange Commission of Pakistan (SECP) has started verifying the credentials of the promoters and directors of companies through the online CNIC Verification Service of National Database and Registration Authority (NADRA).

The verification will be made on all new registrations of companies and Section 42 companies.

The measure is aimed to ensure authenticity of the information filed during the incorporation of companies. It will also be helpful in countering the fraudulent activities committed through fake identity of individuals who are at the helm of affairs to run a company.

It will be helpful in supporting the anti-terrorism efforts of the government by ensuring validity of identity information.

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