Workforce all across the world has been threatened by the outbreak of Coronavirus disease (COVID-19), same is the case in Pakistan as the COVID-19 is evolving in Pakistan at an alarming rate.
For the protection and well-being of the employees of the Securities and Exchange Commission of Pakistan (SECP) deputed at the Company Registration Offices (CROs) and facilitation centers, SECP has issued a circular (No. 13/2020) dated 14th April 2020 to explain the preventive measures that have been taken by the SECP.
Following list describes the preventive measures by SECP:
- As per the advice of local authorities, Public dealing at the Company Registration Offices (CROs) and Facilitation centers has been stopped until further instruction.
- As provided in Regulation 19 of the company (Registration Offices) Regulations, 2018, there is a stoppage in the inspection of documents and records of companies. However, respective CROs In-charges may allow online inspection in case of dire need, and may vary from case to case.
- Time limit for the response has been enhanced to 30 days as the companies are being faced with difficulties in responding to the queries and letters of CROs.