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SECP makes use of e-Services online filing facility mandatory

ISLAMABAD: The Security Exchange Commission Pakistan (SECP) has made it compulsory for the companies having paid-up capital of Rs. 50 million or above to file o file documents, returns, accounts, and applications required to be filed with the SECP or the registrar, through the SECP’s e-Services online filing facility, ARY News reported.

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According to SECP’s spokesman a notification has been issued in this regard which will be implemented from September 1, 2014.

The SECP notification states that the mandatory online filing regime now encompasses all public companies (listed and unlisted), private/single member companies having paid-up capital of Rs.50 million or above, all companies not for profit licensed under section 42 of the 1984 Companies Ordinance, trade bodies, companies which have been incorporated through eServices online filing facility, or have filed last return/ document through eServices.

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