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The Significance of Regular Corporate Inspection Regular corporate inspection holds significant importance within the regulatory framework established by the Securities and Exchange Commission of Pakistan (SECP). The process of inspection, inquiry, and investigation under SECP’s oversight is instrumental in ensuring compliance, transparency, and accountability within corporate entities. This blog aims to delve into the significance

Reporting Obligations for AML/CFT in Regulated Entities Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) are critical areas of focus for regulated entities. With increasing regulatory scrutiny, these entities must fulfill specific reporting obligations to ensure compliance and prevent financial crimes. This article explores the key reporting obligations for AML/CFT in regulated entities,

Quarterly AML/CFT Survey: A How-To Guide Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) are critical components of a robust compliance framework for financial institutions and other regulated entities. Conducting a quarterly AML/CFT survey is a key tool for assessing compliance, identifying potential risks, and ensuring that AML/CFT measures are effective and up-to-date.

Navigating Statutory Return Filing Strategies to Avoid Common Mistakes Introduction Statutory return filing is a critical process for individuals and businesses, involving the submission of various types of financial and tax-related information to government authorities. The process, while straightforward for some, can be fraught with potential errors for many. This article delves into common mistakes

Key Considerations in Converting Company Status The decision to change a company’s status is a significant one, fraught with both opportunities and challenges. This transition can involve altering the company’s legal structure, affecting various aspects of its operations, finances, legal obligations, and stakeholder relations. In this article, we explore the key considerations businesses must evaluate

Implications of Changing Your Company’s Name Under SECP and Pakistan Companies Act 2017 Changing the name of a company in Pakistan, as per the Securities and Exchange Commission of Pakistan (SECP) and the Companies Act 2017, involves a comprehensive legal process. This blog aims to guide business owners through the key legal steps and implications

  Filing Financial Returns for Small and Medium Businesses (SMBs) A Comprehensive Guide Introduction For small and medium businesses (SMBs), managing finances is a critical aspect of ensuring sustainability and growth. A significant component of this financial management is the filing of financial returns. Filing accurate and timely financial returns is not only a legal

  A Unified Sales Tax Portal Launched for the Telecommunications Sector The Federal Board of Revenue (FBR) has launched a new initiative for the telecom sector, introducing a unified sales tax return system. This system is set to be used for the first time for the tax period starting in January 2024, with filings due