In view of difficulties faced by companies, the Securities and Exchange Commission of Pakistan (SECP) has extended the date of compliance for public listed companies and public unlisted companies for maintaining specific information in Urdu language on their websites to February 15, 2015.
The SECP, vide SRO 1222 had directed the issued directions to public listed companies and public un-listed companies to ensure provision of information of public interest ie company's provide, its objectives, status, registration number, contact details of important persons, profiles of Board of Directors, name of auditor of company in Urdu language along with in English language on their websites with effect from January 01, 2016.
The availability of information in Urdu language on companies' websites will serve as a valuable tool for current and potential investors for making informed decisions. The companies were also asked to place the web link of the SECP's investor education portal 'JamaPunji' at prominent place on their websites. In addition to above, a listed company is also required to place all details with respect to election of directors of the company on the website. The notice for the election of directors shall be placed on the website 21 days prior to the date of election while the detailed profiles of the candidates contesting the elections along with their office addresses shall also be made available on website in Urdu and English languages.-PR