The Securities and Exchange Commission of Pakistan (SECP) has extended the validity period of the Companies Regularization Scheme (CRS) and Company Easy Exit Scheme (CEES), up to October 31, 2012. It may be noted that this is the last and final extension and any request for further extension shall not be entertained, says a statement issued by the Commission here today. The fee structure will remain the same as was applicable in the month of September for the schemes. Defaulter/defunct companies are advised to benefit from the schemes within the extended time, by either regularizing through filing of their overdue returns under the CRS or strike their companies off the register under the CEES.
