The Securities and Exchange Commission of Pakistan (SECP) has received healthy response to its amnesty schemes of Companies Regularization Scheme (CRS) and Company Easy Exit Scheme (CEES). According to official handout issued here on Wednesday over 2800 companies have either filed their overdue returns through CRS or have applied for an easy exit route. Consequently, the compliance rate has witnessed a positive trend.Out of total applicants, 1887 companies have applied for CRS, filing their overdue statutory returns and annual accounts without the fear adjudication. It said the remaining, 991 companies benefited from the easy exit scheme, which allows the companies having no assets or liabilities and not doing any business to avail themselves of the exit facility without undergoing the cumbersome winding up procedure. This scheme is applicable to private and public unlisted companies.
