Securities and Exchange Commission of Pakistan further extends deadline for amnesty schemes up to December 31, 2012

Securities and Exchange Commission of Pakistan further extends deadline for amnesty schemes up to December 31, 2012

 

Islamabad, December 21, 2012 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has further extended the deadline for the Companies Regularization Scheme (CRS) and Companies Easy Exit Scheme (CEES) up to December 31, 2012.

A Circular No.40 of 2012 has been issued and placed on the SECP’s web-site. Up till now over 3,500 companies took advantage under these schemes.

The third extension in the two amnesty schemes was made on the demand of business community and the trade bodies, as the schemes are beneficial for businesses to adjust their statutory returns and annual accounts.

The regularization scheme, which is applicable to all unlisted companies, provides defaulting firms an opportunity to file their overdue statutory returns and annual accounts.

These schemes were initially operative for a period of two months, from July 2, 2012 to August 31, 2012. Upon the receipt of requests for extension in time period of the schemes from relevant quarters, the SECP subsequently extended validity period till December 31, 2012.

The fee structure shall remain the same as was applicable in the month of November 2012 for the schemes.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +9251 921 4005 or 921 4009 (Ext. 378)
Fax: +9251 920 6459
Cell: +92302 855 2254
E-mail: shakil.chaudhary@secp.gov.pk

 
 
 

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