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Due Diligence Services and Legal Compliance Programs Crucial for Corporate Sector in Pakistan

In today’s fast-paced business environment, it is essential for companies operating in Pakistan to conduct thorough due diligence and ensure legal compliance to mitigate risks and protect their interests. Josh and Mak International offers a comprehensive range of due diligence services and legal compliance programs tailored to meet the specific needs of corporate clients in the country.

Board Minutes and Shareholder Meeting Minutes Review

Our team reviews board minutes, shareholder meeting minutes, and audit committee minutes for at least five years to provide a comprehensive understanding of an entity’s actions and decision-making processes. This review provides valuable insights into important decisions made by the board of directors, such as stock authorizations, stock repurchases, compensation packages, and acquisitions.

Other Due Diligence Services

In addition to reviewing board minutes, Josh and Mak International offers a range of due diligence services for corporate clients in Pakistan, including:

  • Company Background Check: Our team accesses corporate files maintained by the Securities & Exchange Commission of Pakistan (SECP) to obtain SECP-certified copies of company forms and documents.
  • Tax Check: We obtain tax information from the Federal Board of Revenue (FBR) to ensure a thorough examination of an individual or company’s tax obligations.
  • Litigation Check: Through our access to court records, we gather detailed information on litigation matters, including retrieving complete case files, details of the case, court and judge names, hearing dates, and court-certified order sheets.
  • Immovable Property Check: Our team acquires information from relevant land revenue authorities to assess the ownership status, encumbrances, disputes, and tax payment records associated with immovable property.

In today’s complex regulatory environment, ensuring legal compliance is of paramount importance for companies operating in Pakistan. Josh and Mak International offers comprehensive legal compliance program development services tailored to corporate and energy sector entities. Our program addresses the unique regulatory challenges faced by companies in these industries and focuses on key areas such as:

  • Introduction of Legal Compliance Measures: We propose and implement measures to introduce a legal compliance process within the company.
  • Establishment of Legal Register: We ensure the establishment of a robust legal register containing all relevant legislation, rules, regulations, standards, and contracts applicable to the company’s operations.
  • Allocation of Responsibilities: We allocate responsibilities for each legal compliance requirement, ensuring that individuals or departments are accountable for specific areas of compliance.
  • Education and Training: We emphasize the importance of education and legal training for responsible persons, providing them with the necessary knowledge and tools to meet compliance requirements effectively.

Benefits and Additional Services

Our comprehensive compliance checklists cover over 100 Pakistani laws and petroleum rights-related agreements. Clients also benefit from access to legal registers, submission calendars, and ongoing support from our experienced team. We provide monthly compliance reports, including non-compliance matters and estimated time frames for resolution.

In conclusion, conducting due diligence and ensuring legal compliance is crucial for corporate clients operating in Pakistan. At Josh and Mak International, we specialize in tailoring due diligence services and legal compliance programs to meet the specific needs of our clients. By prioritizing legal compliance, our program ensures that companies are well-equipped to navigate the complex regulatory landscape, mitigate risks, and protect their interests.

For further inquiries or to avail of our due diligence services or legal compliance program development services, please contact us at aemen@joshandmak.com. We are committed to providing prompt and efficient solutions that meet your specific needs.

Significant Changes:

  • The article highlights the importance of conducting due diligence and ensuring legal compliance for corporate clients operating in Pakistan.
  • Josh and Mak International offers a range of due diligence services, including reviewing board minutes, shareholder meeting minutes, and audit committee minutes, as well as company background checks, tax checks, litigation checks, and immovable property checks.
  • The article emphasizes the importance of prioritizing legal compliance to mitigate risks and protect interests in today’s complex regulatory environment.

Implications:

  • Companies operating in Pakistan should prioritize conducting due diligence and ensuring legal compliance to minimize risks and protect their interests.
  • Josh and Mak International’s comprehensive due diligence services and legal compliance program development services can help companies navigate the complex regulatory landscape in Pakistan.