Circular No. 13 of 2024 – Increase of Fees in Seventh Schedule to the Companies Act, 2017

SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Licensing and Registration Division Corporate Registry Department

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No. CLD/CCD/PR/03/2019-1190 Islamabad, May 15, 2024

CIRCULAR NO. 13 OF 2024

Subject: Circular for increase of fees in Seventh Schedule of the Companies Act, 2017

Attention is invited towards S.R.O. 500 (I)/2023 dated 20th April, 2023 for alteration in the Seventh Schedule to the Companies Act, 2017 (XIX of 2017) (the “Act”).

2. The Securities and Exchange Commission of Pakistan in exercise of its powers conferred by sub-section (2) of section 507 of the Act made certain amendments to the Seventh Schedule of the Act through aforementioned notification.

3. In pursuance of the above, the fees mentioned in; (a) sub-items (1), (2) and (8) of item I; (b) sub-item (7) of item II; (c) sub-item (7) of item III; and (d) sub-item (5) of item IV

of the Seventh Schedule of the Act are subject to a 10% increase after lapse of one year from the date of said notification i.e. 20th April 2023.

4. Therefore, it is informed that the fees mentioned in the aforesaid items of the Seventh Schedule to the Act have been increased by 10% from 21st April, 2024.

5. This circular is being issued for information and compliance.

Waseem Ahmad-Khan Registrar of Companies

Distribution:

1. The Institute of Chartered Accountants of Pakistan, Karachi
2. The Institute of Cost & Management Accountants of Pakistan, Karachi
3. The Institute of Corporate Secretaries of Pakistan, Karachi
4. Federation of Pakistan Chambers of Commerce & Industry, Karachi
5. All Company Registration Offices
6. Official Website for information
7. Office copy

6th Floor, NIC Building, 63-Jinnah Avenue, Islamabad DID 051-9195539, PABX 051-9207091-4 Website www.secp.gov.pk