Listed Companies rules: SECP fixes Rs 0.5 million processing fee for all applications

The Securities and Exchange Commission of Pakistan (SECP) has fixed a processing fee of Rs 500,000 for companies seeking approval, confirmation, exemption or relaxation (as applicable) from any of the requirements of Listed Companies (Code of Corporate Governance) Regulations 2017. The SECP has fixed fee through issuance of an SRO 228(I)/2018 here on Tuesday. In this connection, the SECP has amended Seventh Schedule of the Companies Act, 2017.
According to the Seventh Schedule of the Companies Act, 2017, the SECP has prescribed non-refundable application processing fee for seeking approval, sanction, permission, exemption, direction or confirmation of the Commission or the registrar in the following matters, as the case may be, a non-refundable application processing fee in respect of applications. The SECP has prescribed processing fee of Rs 500,000 for both submission of documents electronically and submission of documents in physical form.
The SECP has fixed fee of Rs 50,000 for granting approval for empanelment on mediation and conciliation panel.