The amnesty schemes launched by the Securities and Exchange Commission of Pakistan (SECP) ie the Companies Regularisation Scheme (CRS) and Companies Easy Exit Scheme (CEES) shall close on December 31 (Friday). According to a press release issued here on Thursday, at stakeholders' requests, the SECP's Company Registration Offices will remain open up to 7 pm on December 31 to receive the applications and overdue returns under the said schemes.
The companies are earnestly advised to benefit from the schemes within the stipulated time, by either regularising through filing of their overdue returns under the CRS or strike their companies off the register under the CEES, strict action shall be initiated against the defaulter companies, after the closing of the schemes.-PR