Date : 2007-10-29

Title : Statutory Returns Filing Alert

Price :

Description :

Statutory Returns Filing Alert

All Registered Companies with Financial year ended on before 30th June 2007 shall ensure Compliance with the Companies Ordinance, 1984

Deadline
For Filing of Forms A/B

In case of listed companies 15 Dec 2007
For all Other Companies      30 Nov 2007

SECP is committed to encourage corporate governance practices in Pakistan.

Annual General Manager:

Companies are required to hold Annual General Meeting within a period of four months of the close of its financial year. Please note that in future, the period of our months has been reduced  to the three months , for companies whose financial year closes after June 30, 2007.

Annual Returns:

Companies are required to file annual returns on Forms A/B with the registrar concerned within 45 days in case of a public listed company & 30 days in the case of any other company,  from the date of Annual General Meeting or where no such meeting is held from the last day of the calendar year.

Annual Accounts:

• Listed , Non-listed public companies and associations not for profit are required to file annual accounts within 30 days of the date of Annual General Meeting.

•  Besides , foreign companies are required to file annual accounts relating to their business operations in Pakistan as well as global accounts.

• Now private companies having paid up capital of Rs. 7.5 million and above are also required to file their audited annual accounts within 30 days of the Annual General Meeting.

Securities and Exchange Commission of Pakistan
NIC Building , 63- Jinnah Avenue, Islamabad
Ph: 9207091-94.
Fax: 9204915