The Companies Ordinance 2016, promulgated on November 11, allows the transmission of quarterly accounts to the shareholders by placing them online. In line with the same principle, submission of quarterly accounts to the SECP shall also be done electronically, in an effort to facilitate listed companies and to cut the cost of doing business.
The Securities and Exchange Commission of Pakistan has designated [email protected] as the email account for submission of quarterly accounts in both PDF and MS word/excel formats. Similarly, a copy of annual audited financial statements of listed companies are to be sent electronically on the same designated email address both in PDF and MS word/excel formats.
Electronic submission of annual accounts is in addition to submission of three hard copies to the SECP as required by ordinance.
The provisions regarding electronic transmission of annual and quarterly financial statement to the SECP are in line with one of the main objectives of the ordinance which is encouraging use of technology and electronic means in conduct of business and regulation thereof.
The aforesaid email address has been disseminated among all relevant quarters through circular No. 39/2016. The circular has been placed on the SECP’s website.
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