• Home
  • E-Paper
  • Archive
  • Contact us
  • Daily Pakistan
Friday, June 9, 2023
  • Login
Daily The Patriot
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper
No Result
View All Result
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper
No Result
View All Result
Daily The Patriot
No Result
View All Result
Home City

SECP revokes licenses of 108 not for profit companies

by Daily Patriot
April 6, 2015
in City
0
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has revoked licenses of 108 defaulter (Not for profit) companies registered with the SECP. The licensed organizations are under obligation to comply with the conditions of licence granted to them as well as other requirements applicable under the relevant provisions of law. In view of the problem of terrorism facing the country, it had been decided that the SECP shall revalidate/renew the licences of Section 42 companies registered with the Commission. Accordingly the Commission had launched a comprehensive effort w.e.f January 1, 2015 against such Companies and instructions were issued to all concerned for compliance. In the first stage show cause notices to 136 defaulter companies who had neither filed any accounts, nor applied for renewal of licence during the last 05 years had been initiated duly providing them an opportunity of hearing and after detailed scrutiny of each case. The Commission has finally revoked licences of 108 companies, while the remaining shall be dealt- with shortly. The list of such companies has also been placed on the SECP’s website for general information to all stake holders. The concerned Registrars of the Company Registration Offices have been instructed to initiate legal proceedings in terms of section 439 of the Companies Ordinance, 1984 to strike off the name of such companies. INP

Related

Daily Patriot

Daily Patriot

Next Post
IS blows 80-year-old church in Syria: report

IS blows 80-year-old church in Syria: report

Latest News

Chinese millionaire ready to take university exam for 27th time
Globe

Chinese millionaire ready to take university exam for 27th time

by NewsDesk
June 8, 2023
0

BEIJING: A Chinese self-made millionaire has decided to take the famous university exam for the 27th time. Earlier, 56-year-old Yi...

Read more
On June 9, special cabinet meeting will be presided over by PM Shehbaz

On June 9, special cabinet meeting will be presided over by PM Shehbaz

June 8, 2023
Why does Amitabh Bachchan go barefoot outside his house to meet his fans?

Why does Amitabh Bachchan go barefoot outside his house to meet his fans?

June 8, 2023
Govt employees' salaries are anticipated to increase by up to 30% in budget 2023–24

Govt employees’ salaries are anticipated to increase by up to 30% in budget 2023–24

June 8, 2023
PTI chairman seeks protective bail in murder case of Quetta lawyer

PTI chairman seeks protective bail in murder case of Quetta lawyer

June 8, 2023
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
Call us: 051-233-1674

© 2023DAILY PATRIOT - For the latest news updates from the Daily Patriot. Download Our Apps image description image description

No Result
View All Result
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper

© 2023DAILY PATRIOT - For the latest news updates from the Daily Patriot. Download Our Apps image description image description

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In