OPD Support Program
About OPD Support Program
The OPD Support Program a Company set up under section 42 of the Companies Act, 2017. The Company was licensed on August 1, 2016 vide license No. 963 as a Public Company registered under Section 42 of the repealed Companies Ordinance, 1984 (now the Companies Act, 2017) as a limited by Guarantee and not having share capital and incorporated on September 1, 2016 vide Corporate Universal Identification Number. 0102076 which has been renewed on Feb 1, 2022. The company has obtained Non Banking Financial Company license from secp to accomplish the investment finance services on June 4,2020. The registered office of the Company is located at 2060 Main GT Road Near Government Girls College Rahwali Cant, Gujranwala.
Register Name: OPD Support Program
NTN Number: 7458709-4
Section 42 License Number: 963
Section 42 Corporate Universal Identification Number: 0102076
NBFC License Number: SC/NBFC-162/OPDSP/2020-06
Governance
The OPDSP is registered under the Section 42 of companies Act 2017 and governed by its constitution. The OPDSP Executive Council and Board of Directors is entrusted largely with the governance responsibilities. The Executive Council
is comprised of 15 members while there are nine members of the Board of Directors excluding the CEO, who is a non-voting member of the Board of Directors. The Board is headed by a Chairperson and assisted by the General Secretary,
Treasurer and two committees, i.e. the Finance and Audit Committee and the Human Resources Committee. Both committees are constituted to oversee financial and human resource matters and are headed by the chairperson and two
members. The Board of Directors meets quarterly while both committees also meet quarterly and hold separate meetings. The board is gender balanced, comprising five men and four women. The list of the Board of Directors and
the details of Audit Committee and HR Committee.
Since the OPDSP is going through an institutional development process and in the next quarter it will be transformed and rebranded as the OPD Support Program once the process
of licensing and incorporation is completed under NBFC. Currently, Section 42 of the Companies Ordinance governs the OPD Support Program, implemented by the Securities and Exchange Commission of Pakistan (SECP). The ordinance
requires a minimum of three directors/promoters to make up the Board of Directors, which direct and control the strategic process and direction of the organization and ensure that the OPD Support Program follows the principles
related to transparency and accountability, the legal and regulatory environment, appropriate risk management measures, information flows and the responsibility of senior management and the board of directors. The board of
the OPD Support Program consists of three directors/promoters, which will expand in the next 8 months by bringing in like-minded, supportive and willing professional members of society.