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SECP issues companies (Easy Exit) Regulations
 admin December 14, 2014, 04:21:51 AM 

 ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued Companies (Easy Exit) Regulations, 2014, vide S.R.O. No. 1083 (I)/2014, says a statement here Tuesday.The regulations aim at making `easy exit' a permanent feature, while prescribing an easy to follow procedure.Now the public unlisted and private companies, excluding certain types of companies, desirous of getting their name off the register of companies have to file just certain prescribed forms/documents with the SECP.Earlier, a company desirous of closing its business had to undergo a lengthy and rather cumbersome winding up procedure. Read more

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