SECP revises fee structure for corporate sector

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has released a revised fee structure for the submission of documents by the corporate sector under the Seventh Schedule of the Companies Act 2017.

The updated tariff structure has been published for all business categories by the SECP.

For example, the FBR has published a royalty structure for companies established outside Pakistan that have an establishment in Pakistan.

The fee would be Rs 11,000 (electronic submission) and Rs 22,000 (manual submission) for filing, registering or registering a document containing a charter/statute/memorandum and articles etc. for registration by a foreign company under the Companies Act required or permitted to be filed, registered or registered.

According to the SECP, the commission has published a table of fees to be paid to the registrar and the commission, updated to November 10, 2022.

The SECP registers 2,361 new companies in October

The SECP has specified a fee structure for submitting documents electronically and in physical form.

In the case of a company having a share capital, for the registration of a company whose nominal share capital does not exceed Rs 100,000, the fee to be paid would be Rs 1,100 for filing documents electronically and Rs 2,200 for filing documents manually. Similarly, the fee structure has also been specified for the filing of documents (manually/electronically) by small businesses, public sector companies directly or indirectly 100% owned by the federal government, medium-sized companies, large companies and companies of public interest.

In addition, the fee structure has also been clarified for the filing of documents (manual/electronic) by the company limited by guarantee and without share capital, other than a company registered under a license granted under section 42.

The fee for filing documents electronically is only applicable for documents for which the facility for filing or filing documents electronically has been granted by the commission. Where no fee has been prescribed for submitting documents electronically, documents can only be submitted in physical form, the SECP added.

Copyright Business Recorder, 2022

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