Under Section 424, any company that is not operational can apply to become inactive and receive a certificate. However, to reactivate the company, documents can be submitted to make the company active again.
A two-member team from Securities & Exchange Commission of Pakistan visited the Multan Chamber of Commerce and Industry, listened to issues and informed officials about the Companies Regularization Scheme 2024.
SECP officials Kashif Islam and Iqbal Ghaus stated, “The Multan office is striving to resolve issues related to company filings and other matters. There are approximately 11,000 companies registered in the Multan office.”
“The government has launched the Companies Regularization Scheme 2024, which will be effective from June 15-September 15, this year.”
Under the Companies Regularization Scheme, companies that have not submitted their returns can do so with a one-time fee.
The Chamber will inform the business community and its members to take advantage of the Companies Regularization Scheme 2024 and regularize their companies with a one-time fee before September 15.
