SECP Eases Filing Process To Facilitate Listed Companies

SECP eases filing process to facilitate listed companies

ISLAMABAD, (Pakistan Point News - 03rd Nov, 2016 ) : To further its endeavor of promoting ease in doing business, the Securities and Exchange Commission of pakistan (SECP) has taken a step forward by developing a system for online filing of Form 4. It is a requirement under the Securities Act, 2015, for every listed company to submit to the SECP details of the securities beneficially held by its directors, executive officers, and substantial shareholders, a statement of the Commission issued here said. Form 4 has been uploaded on the e-Services portal of the SECP and listed companies now have the option to file this form online at a reduced cost of Rs3,000 as opposed to Rs 5,000 for physical filing. The measure will provide hassle-free filing opportunity to listed companies in addition to saving cost incurred on such filing.