SECP kicks off CR Scheme

Updated about Feb 01, 2017

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has launched Companies Regularization Scheme (CRS) for the companies registered in Gilgit Baltistan to file their overdue returns on payment of normal fee as prescribed under sixth schedule of the Companies Ordinance, 1984.
 
The purpose of the scheme is to give relief to the companies registered in Gilgit Baltistan and were not regular in filing of statutory returns.  All the companies registered in Gilgit Baltistan are advised in their own interest to benefit from this golden opportunity to regularize their statutory record by filing the overdue returns/annual accounts with normal filing fee.
 
The scheme shall be applicable to all companies and would remain operative for a period of three months from February 1, 2017 to April 30, 2017. After the closure of the scheme, necessary legal action shall be initiated against the non-compliant companies.