To further its endeavour of promoting ease in doing business, the Securities and Exchange Commission of Pakistan has taken a step forward by developing a system for online filing of Form 4.
It is a requirement under the Securities Act, 2015, for every listed company to submit to the SECP details of the securities beneficially held by its directors, executive officers, and substantial shareholders.
Form 4 has been uploaded on the E-Services portal of the SECP and listed companies now have the option to file this form online at a reduced cost of Rs 3,000 as opposed to Rs 5,000 for physical filing. The measure will provide hassle-free filing opportunity to listed companies in addition to saving cost incurred on such filing.