Regulatory Alerts1999-08-31
Added · Updated
Payment of Fees in the Head of Accounts Securities and Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan authorizes the deposit of fees under the Companies Ordinance, 1984, and related laws through bank drafts and pay orders in addition to standard challans. These instruments may be submitted at twenty specified branches of Habib Bank Limited, with documents received at the R&I branch where drafts are recorded in a register before being handed to the accountant for challan preparation. The procedure mandates specific logging of draft details, countersigning by the accountant, and automatic reflection of receipts in the scrolls without separate action by the accounts branch.
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