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SECP makes online filing of returns mandatory

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for all listed companies to file documents, returns, accounts and applications, meant to be filed with the SECP, or the Registrar, through SECP’s eServices online filing facility.

The SECP issued a notification in this regard on March 13, 2013. The requirement shall come into effect after two months of the date of notification. The requirement has also been made applicable to companies which filed their last statutory documents through eServices or will file any statutory document through eServices from the date of applicability of the notification. Earlier, this requirement was only applicable to companies which had been incorporated through eServices online filing facility.

The online filing has been made mandatory to move towards automated regulatory regime of the SECP, in line with the objective of providing services with efficiency and in minimum possible time. eServices filing facility is an easy and hassle-free mode of submission for companies to make statutory filing, coupled with an added feature of smaller fees as compared to manual/physical filing.

The relevant notification has been placed on the SECP’s website. The notification shall, however, be applicable to the filing of documents, returns, accounts and applications for which eServices online submission mode is available.

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