In order to report the addition of a new shareholder to the Securities and Exchange Commission (SECP) in a private limited company in Pakistan, the following steps should be taken:
- File a subscription money return with the SECP. The subscription money return must be filed within 30 days of the issue of the new shares and must include the following information:
- The number of shares issued and their par value
- The subscription price for the shares
- The names and addresses of the shareholders who have subscribed for the shares
- The total amount of subscription money received
- Update the company’s register of shareholders. The register of shareholders should be updated to reflect the addition of the new shareholder and should include the name, address, and number of shares held by each shareholder.
- File an annual return with the SECP. The annual return must be filed each year and must include the names and addresses of the company’s shareholders as of the date of the return.
It’s worth noting that the process for reporting the addition of a new shareholder to the SECP in a private limited company in Pakistan may vary depending on the specific circumstances of the case and the provisions of the company’s articles of association. It is important for the company to comply with the relevant laws and regulations and to follow the proper procedures for reporting changes to its shareholder base in order to protect the rights and interests of all shareholders and to maintain good standing with the SECP