"The SECP's eServices is aimed at facilitating the online availability of name, online incorporation of companies and e-filing of statutory returns, and enables the promoters and other officers of the company to interact online using the eServices portal, without visiting the SECP. eServices filing facility is an easy and hassle-free mode of submission, coupled with an added feature of lesser fees as compared to manual filing. Foreign companies have especially welcomed this initiative."
Mahboob Ahmad, in charge of the CRO, said this while addressing a seminar on e-governance regime and benefits of corporatisation at the District Bar Association in Faisalabad on Friday. He enumerated various actions taken by the SECP to facilitate the corporate sector. He made a detailed presentation on eServices project covering the relevant provisions of the company laws, especially highlighting different aspects of incorporation of companies and post-incorporation statutory compliance.
He said that the corporatisation benefits the companies because they are treated favourably by financial institutions and they get stronger by having a system of checks and balances. The corporatisation also strengthens the national economy. Muhammad Asghar Baig, Deputy Registrar SECP explained the technical aspects of various steps of online filing of documents in eServices, including availability of name, steps/procedures for online incorporation and e-filing of various statutory returns. The participants included lawyers and executive members of the Bar. Malik Muhammad Ayub Sialwai, President of District Bar Council, and the executive members appreciated the SECP's efforts for the development of corporate sector.-PR