Regulatory Alerts2008-12-31
Added · Updated
Group Companies Registration Regulations, 2008
The Securities and Exchange Commission of Pakistan establishes a registration framework for holding companies and their subsidiaries to form a recognized Group. Applicants must submit specific documentation, including shareholding statements and affidavits, along with a two hundred thousand rupee application fee to obtain registration. The regulations mandate immediate notification of any changes in Group composition, requiring a fifty thousand rupee alteration fee, and impose penalties up to five hundred thousand rupees for non-compliance. Additionally, registered Groups may apply for designation to avail tax relief under the Income Tax Ordinance, subject to ownership thresholds of 55% for listed companies and 75% for others.