In line with the decision of the SECP Policy Board, the Securities and Exchange Commission of Pakistan (SECP) has revised downward the fee structure for registration renewals and approvals for different categories of companies including registration of foreign companies. The SECP has issued SRO 756 (I)/2019 here on Saturday to specify the revised rates of fees for different categories of companies.
In exercise of the powers conferred under clause (g) of subsection (1) of section 21 of the Securities and Exchange Commission of Pakistan Act, 1997, the Securities and Exchange Policy Board has specified the following revised rate of fees: There would be 'nil' fee on renewal of licence under section 42 and 'nil' fee for annual renewal of Free Zone Company u/s 454.
Within the category of 'Further Issue of Share Capital', the SECP has specified that the fees have been reduced for approval of: (i) issue of shares otherwise than right; (ii) Employees Stock Option Scheme; (iii) and issue of shares with different rights and privileges. For each of the case, fee reduced to a fixed amount of Rs 25,000 for online and Rs 50,000 for physical filing. For registration of intermediaries, the SECP will charge 'nil' fee in case of individual registered as intermediary u/s 455 for renewal of registration.
In case of firms/companies/ limited liability partnerships registered as intermediary u/s 455, the fee has been reduced to Rs 10,000 for online or physical filing in case of registration processing for intermediaries.
In case of group companies registration, the fee for registration as a group under the Group Companies Registration Regulations, 2008 has been reduced to Rs 50,000.
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