ISLAMABAD: The equity regulator is extending all possible facilitation to the tax avoiders and evaders of the corporate sector to register themselves for amnesty schemes by keeping their offices open till late today.
The Securities and Exchange Commission of Pakistan (SECP) has said that it will keep open its Company Registration Offices (CROs) till 8 pm on Friday to collect documents under the Companies Regularisation Scheme (CRS) and Company Easy Exit Scheme (CEES).
The regularisation scheme, which is applicable to all unlisted companies, provides defaulting firms an opportunity to file their overdue statutory returns and annual accounts. While, the easy exit scheme allows the companies having no assets or liabilities and not doing any business to avail themselves of the exit facility without undergoing the cumbersome winding up procedure. This scheme is applicable to private and public unlisted companies.
So far, over 3,000 companies have benefited from these amnesty schemes. The documents under CRS and CEES shall also be accepted by 4 pm on Saturday, December 1, from those companies that have deposited the fee on Friday, November 30 but were unable to submit documents by the last date.
Furthermore, companies that are due to file their annual returns can also submit relevant documents on Saturday, December 1 in their respective registration offices.
These schemes became valid on July 2, 2012, and are due to end by November 30, 2012.
Published in The Express Tribune, November 30th, 2012.
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