{"id":63225,"date":"2020-03-26T10:00:00","date_gmt":"2020-03-26T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63225"},"modified":"2020-03-25T17:42:15","modified_gmt":"2020-03-25T12:42:15","slug":"covid-19-secp-extends-deadlines-businesses-meet-regulatory-requirements","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/covid-19-secp-extends-deadlines-businesses-meet-regulatory-requirements.html","title":{"rendered":"COVID-19: SECP extends deadlines for businesses to meet regulatory requirements"},"content":{"rendered":"\n<p>Lahore: The Securities &amp; Exchange Commission of Pakistan (SECP) has extended its previously set deadlines for companies to meet the regularity requirements of the Companies Act 2017 \u2014 in an effort to provide facilitation during the ongoing COVID-19 pandemic, a news source reported.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/dha-lahore-shuts-down-main-office.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"COVID-19 pandemic: DHA Lahore shuts down main office (opens in a new tab)\">COVID-19 pandemic: DHA Lahore shuts down main office<\/a><\/p>\n\n\n\n<p>Exercising its powers under section 510 of the Companies Act\n2017, the SECP has provided the following deadline extensions amid the COVID-19 pandemic crises:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Companies can now hold their Annual General\nMeeting (AGM) for the year ended December 31, 2019 on or before May 29, 2020<\/li><li>Companies can file impediment reports with the\nconcerned registrar for delay in holding elections for their board of\ndirectors. This is for businesses that expected the election before or during\nthe AGM<\/li><li>Companies can file their statuary returns due on\nor after March 24, with a delay of 30 days. Businesses would not have to pay\nany additional filing fees or face penal action for late filing<\/li><\/ul>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/chinese-plane-carrying-medical-supplies-lands-in-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"COVID-19: Chinese plane carrying medical supplies lands in Pakistan (opens in a new tab)\">COVID-19: Chinese plane carrying medical supplies lands in Pakistan<\/a><\/p>\n\n\n\n<p>Meanwhile, the SECP has itself taken several <a href=\"https:\/\/www.zameen.com\/news\/who-launches-human-coronavirus-health-alert-for-whatsapp.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"coronavirus prevention (opens in a new tab)\">coronavirus prevention<\/a> measures. These include asking about 50% of their staff to work from home, with the rest to work from the office on a rotational basis. As part of the SECP\u2019s many coronavirus prevention measures for its workforce, this rule came into effect from March 24. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Securities &amp; Exchange Commission of Pakistan (SECP) has extended its previously set deadlines for companies to meet the regularity requirements of the Companies Act 2017 \u2014 in an effort to provide facilitation during the ongoing COVID-19 pandemic, a news source reported. Read: COVID-19 pandemic: DHA Lahore shuts down main office Exercising its powers under section 510 of the Companies Act 2017, the SECP has provided the following deadline extensions amid the COVID-19 pandemic crises: Companies can now hold their Annual General Meeting (AGM) for the year ended December 31, 2019 on or before May 29, 2020 Companies can file impediment reports with the concerned registrar for delay in holding elections for their board of directors. This is for businesses that expected the election before or during the AGM Companies can file their statuary returns due on or after March 24, with a delay of 30 days. Businesses would not have to pay any additional filing fees or face penal action for late filing Read: COVID-19: Chinese plane carrying medical supplies lands in Pakistan Meanwhile, the SECP has itself taken several coronavirus prevention measures. These include asking about 50% of their staff to work from home, with the rest&hellip;<\/p>\n","protected":false},"author":68,"featured_media":61188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[24216],"persona":[],"class_list":{"0":"post-63225","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-covid-19-secp-extends-deadlines-for-businesses-to-meet-regulatory-requirements"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>COVID-19: SECP extends deadlines for businesses to meet regulatory requirements - Zameen News<\/title>\n<meta name=\"description\" content=\"SECP has extended its previously set deadlines for companies to meet the regularity requirements of the Companies Act 2017 in an effort to provide facilitation during the ongoing COVID-19 pandemic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/covid-19-secp-extends-deadlines-businesses-meet-regulatory-requirements.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID-19: SECP extends deadlines for businesses to meet regulatory requirements - Zameen News\" \/>\n<meta property=\"og:description\" content=\"SECP has extended its previously set deadlines for companies to meet the regularity requirements of the Companies Act 2017 in an effort to provide facilitation during the ongoing COVID-19 pandemic.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/covid-19-secp-extends-deadlines-businesses-meet-regulatory-requirements.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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