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SECP announces two years NTN exemption

SOHAIL SARFRAZ%D%AISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has announced general exemption-- for a period of two years-- to all small-size companies, including new Agriculture Promotion Companies, from the requirement of Nation
Published November 21, 2016 Updated November 21, 2016 06:39am

Keeping this in view and in order to promote corporatization, the Commission has decided to grant a general exemption for a period of two years to all Small Size Companies as defined under the Third Schedule attached to the Ordinance including Agriculture Promotion Companies formed in terms of Section 457 of the Ordinance from the requirement of NTN as applicable in terms of Section 153 (h) of the Ordinance, SECP added.

Copyright Business Recorder, 2016