A subscription money return is a document that a Private Limited Company in Pakistan is required to file with the Securities and Exchange Commission of Pakistan (SECP) when it issues new shares to shareholders. The subscription money return must be filed within 30 days of the issue of the shares.
The subscription money return 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
The subscription money return is used to update the SECP on the issuance of new shares by the company and to ensure that the company is in compliance with the relevant laws and regulations.
It’s worth noting that the subscription money return is a public document that is available for inspection by the public. The company must also notify the relevant tax authorities of the issuance of new shares and may be required to pay taxes on the subscription money received.