The Securities and Exchange Commission of Pakistan (SECP) has said that it has noticed an entity named “National Institute of Human Resource Management (NIHRM)” which is fraudulently displaying its fake registration with SECP under Section 42 of the Companies Act, 2017 on its website (nihrm.org).
The SECP has warned that the company tried to bolster its image as a registered entity and has also displayed a number of newspaper clippings and video clips on its website.
The SECP clarified in its statement that “National Institute of Human Resource Management (NIHRM)” has neither been registered with SECP nor does it possess any SECP-issued registration certificates in the name of the aforesaid entity.
Therefore, the general public is advised to be prudent while dealing with the aforesaid entity for their own interest. Meanwhile, the SECP also informed that it plans on taking legal action against the NIHRM.