SECP orders electronic filing
Modernisation efforts underway
PHOTO: SECP
ISLAMABAD:
The Securities and Exchange Commission of Pakistan (SECP) directed listed companies to electronically file annual and quarterly financial statements by issuing a circular on Monday.
According to the SECP circular, pursuant to the provisions of section 223(7) of Companies Act, 2017 (the 'Act'), a listed company shall, besides filing hard copies of its annual audited financial statements, auditor’s report, director’s report and chairman’s review report, send electronically a copy of the annual financial statements together with the aforesaid reports to the SECP. The commission has designated email address financial.statements@secp.gov.pk for the electronic transmission of annual and quarterly financial statements.
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The companies are required to transmit the financial statements in PDF as well as MS Excel format to the designated email address. The email address as reported by a company in its annual report, ie, Form A/ B shall be treated as the official email address of the company.
Published in The Express Tribune, October 24th, 2017.
The Securities and Exchange Commission of Pakistan (SECP) directed listed companies to electronically file annual and quarterly financial statements by issuing a circular on Monday.
According to the SECP circular, pursuant to the provisions of section 223(7) of Companies Act, 2017 (the 'Act'), a listed company shall, besides filing hard copies of its annual audited financial statements, auditor’s report, director’s report and chairman’s review report, send electronically a copy of the annual financial statements together with the aforesaid reports to the SECP. The commission has designated email address financial.statements@secp.gov.pk for the electronic transmission of annual and quarterly financial statements.
SECP commissioner gives statement in record tampering case
The companies are required to transmit the financial statements in PDF as well as MS Excel format to the designated email address. The email address as reported by a company in its annual report, ie, Form A/ B shall be treated as the official email address of the company.
Published in The Express Tribune, October 24th, 2017.