Launch of CDC Share Registrar Services Limited as a wholly owned subsidiary of CDCPL
CDC is pleased to share that share registrar and transfer agent (R/TA) services previously being offered by Central Depository Company will now be offered by CDC Share Registrar Services Limited (CDCSRSL), which is a wholly owned subsidiary of CDC.
The incorporation of CDC Share Registrar Services Limited as a separate company is in line with the directives issued by the Securities and Exchange Commission of Pakistan (SECP) to CDC to separate its function of Share Registrar Services to a separate entity to comply with the Regulation 5 (l) of the Central Depositories (Licensing and Operations) Regulations, 2016. The journey of CDC Share Registrar Services which started ten years ago in the year 2008 with the inception of a department in CDC has now consolidated an impressionable clientele of 187 reputable companies.
SECP has formally issued a license to CDC Share Registrar Services Limited to operate as a separate entity. This change has been welcomed and supported by our esteemed clients who have expressed their best wishes for the organization. With this shift in business model, CDC Share Registrar Services Limited is looking forward to penetrate more aggressively into the market to get the lead among all other registrar companies in near future.
Functionality of registrar services in Islamabad
The operation of Registrar and Transfer Agent Services has also started at CDC’s Islamabad Office since February 18, 2019 by the deployment of dedicated staff. This step has been taken in line with our vision to facilitate shareholders from Islamabad, Rawalpindi, Azad Jammu Kashmir and Khyber Pakhtunkhwa.