13.2 C
Islamabad
Wednesday, December 25, 2024

All member companies are fully authorized and legal entities: CropLife Pakistan

Must read

New Uzbekistan: reforms on reduction of the state participation in the economy

Khalilillo Turakhujaev A number of crucial institutional reforms have been introduced in last five years to further modernize and enhance Uzbekistan’s economic and competition policies. After...

General Asim Munir COAS joined the Christian community in celebrating Christmas

Spokesman Report Rawalpindi:General Syed Asim Munir, NI (M), Chief of Army Staff (COAS), joined the Christian community in celebrating Christmas at St. Joseph’s Catholic Cathedral...

Security forces kill 11 khwarij in North Waziristan IBO: ISPR

Spokesman Report RAWALPINDI: Security forces of Pakistan killed 13 khwarij in an intelligence-based operation in Khyber Pakhtunkhwa’s North Waziristan, ARY News reported quoting the Inter Services...

Daily The Spokesman December 25 2024 PDF

Daily The Spokesman December 25 2024 PDF

Spokesman Report

ISLAMABAD : Crop Life Pakistan Association has confirmed that none of its member companies have been identified for cancellation of registration by Federal Seed Certification & Registration Department (FSC&RD). The Association represents leading local and multinational crop science companies that are responsible for introducing cutting-edge agriculture technologies in the Country, whilst maintaining full compliance with the local laws and ethical business practices.

The clarification comes at the back of an FSC&RD letter that lists defunct legal entities, formerly operated by our member companies, amongst the 204 seed companies identified by FSC&RD for cancellation of registration. “Names on the list being associated with our member companies are of defunct legal entities, no longer used to carry out business in the Country”, explains Rashid Ahmed, Executive Director CropLife Pakistan. “Our member companies continue to be fully authorized and legally registered with FSC&RD to market their seed products across the whole of Pakistan”, he further added.

“The legal entities ‘Monsanto Pakistan Agri Tech (Pvt) Ltd’ (which was also listed in the FSC&RD letter) and ‘Bayer Crop Science Pakistan (Pvt) Ltd’, have been non-operational for almost ten years and have no legal existence after the transfer of business to a new legal entity representing the Country business. Following the global acquisition of Monsanto by Bayer AG, the present legal entity registered with FSC&RD, and representing the combined company in Pakistan going forward, is ‘Bayer Pakistan (Pvt) Ltd’”, Dr. Imran Ahmad Khan, CEO and Managing Director, Bayer Pakistan Pvt Ltd., explains. “Likewise, Syngenta also registered itself with current entity name and doing business in the market as ‘Syngenta Pakistan Limited’”, Tauseef ul Haq, Business Sustainability and CPD Head, Syngenta Pakistan Limited further added

FSC&RD is the main regulator at the Federal Government level, responsible for ensuring the availability of quality certified seed across the country, in line with the Seed Act and its subordinate Rules. As per the law, the registration of a seed company can be cancelled for various reasons, including failure to conduct business through the registered entity for three or more years. For seed companies going through mergers, acquisitions or rebranding, the process of deregistration of previously defunct legal entities is standard practice and does not impact existing registrations of active legal entities representing such businesses.

- Advertisement -All member companies are fully authorized and legal entities: CropLife Pakistan

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -All member companies are fully authorized and legal entities: CropLife Pakistan

Latest article

New Uzbekistan: reforms on reduction of the state participation in the economy

Khalilillo Turakhujaev A number of crucial institutional reforms have been introduced in last five years to further modernize and enhance Uzbekistan’s economic and competition policies. After...

General Asim Munir COAS joined the Christian community in celebrating Christmas

Spokesman Report Rawalpindi:General Syed Asim Munir, NI (M), Chief of Army Staff (COAS), joined the Christian community in celebrating Christmas at St. Joseph’s Catholic Cathedral...

Security forces kill 11 khwarij in North Waziristan IBO: ISPR

Spokesman Report RAWALPINDI: Security forces of Pakistan killed 13 khwarij in an intelligence-based operation in Khyber Pakhtunkhwa’s North Waziristan, ARY News reported quoting the Inter Services...

Daily The Spokesman December 25 2024 PDF

Daily The Spokesman December 25 2024 PDF