Private Limited Companies in Pakistan are required to file certain returns with the Securities and Exchange Commission of Pakistan (SECP) on a regular basis. These returns are used to update the SECP on the status and activities of the company and to ensure that the company is in compliance with the relevant laws and regulations.
The returns that a Private Limited Company in Pakistan is required to file with the SECP include:
- Annual return: A Private Limited Company in Pakistan must file an annual return with the SECP each year. The annual return must be filed within 42 days of the company’s annual general meeting (AGM) and must include information about the company’s directors, shareholders, and financial position.
- Notice of change: A Private Limited Company in Pakistan must file a notice of change with the SECP whenever there is a change in the company’s directors, shareholders, or registered office address. The notice of change must be filed within 30 days of the change.
- Financial statements: A Private Limited Company in Pakistan must prepare and file financial statements with the SECP each year. These statements must be audited by an independent auditor and must include the company’s balance sheet, profit and loss statement, and cash flow statement.
- Tax returns: A Private Limited Company in Pakistan is required to file tax returns with the relevant tax authorities, such as the Federal Board of Revenue (FBR). The company must file its tax returns by the due date specified by the FBR.
It’s worth noting that failure to file the required returns with the SECP or the relevant tax authorities on time can result in fines and penalties for the company and its directors