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SECP extends facilitation to corporate sector

secpISLAMABAD: The Company Registration Offices (CROs) of the Securities and Exchange Commission of Pakistan (SECP) shall remain open till 2000 hours on November 30 to collect documents under Companies Regularization Scheme (CRS) and Company Easy Exit Scheme (CEES).


The measures has been taken to facilitate the corporate sector, said SECP press statement adding that so far, over 3,000 companies have benefitted from these amnesty schemes.


The documents under CRS and CEES shall also be accepted by 4 pm on December 1 (Saturday), from those companies that have deposited the fee on November 30 (Friday) but were unable to submit documents by the last date.


Further, companies that are due to file their annual returns can also submit relevant documents on December 1 (Saturday), in their respective Company Registration Offices.


The said schemes were launched in order to facilitate defaulter/defunct companies by providing both facilities at the same time, i.e., overdue returns filing facility without the adjudication fear and easy exit without going into cumbersome winding up procedure.


These schemes have been in progress since July 2, 2012, and are due to end by November 30, this year.


The defaulter/defunct companies are advised to take advantage of these schemes immediately, as no further extension shall be provided.


Copyright APP (Associated Press of Pakistan), 2012


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