The SECP has implemented the concept of ‘once online forever online’ to make the most of the online filing facility and to evoke the true spirit of the eServices regime.
The SECP had successfully launched the eServices project in August 2008, providing for the online incorporation of companies and filing of statutory returns and documents.
It was observed that most applicants get their companies registered online through eServices, but subsequently file their returns physically.
The filing of returns through two different mediums results in delayed document processing as well as requiring additional resources to maintain physical and electronic records.
Published in The Express Tribune, May 20th, 2012.