Muftasoft TM

The Securities and Exchange Commission of Pakistan (SECP) Tuesday directed listed companies that all notices of general meetings shall be sent to the members and every person who is entitled to receive notice of general meetings, at least twenty-one days prior the date fixed for the meeting.

The SECP has issued circular number 10 of 2019 here on Tuesday.

According to the SECP circular, in order to consolidate applicable requirements for filing of annual financial statements and notices of general meetings with the Securities and Exchange Commission of Pakistan (SECP) and dissemination of notices to general public pursuant to the provisions of the Companies Act, 2017 ('the Act'), the SECP in exercise of powers conferred under section 510 of the Act hereby directs listed companies that:

All notices of general meetings shall be sent to the members and every person who is entitled to receive notice of general meetings at least twenty-one days before the date fixed for the meeting and shall be published in English and Urdu morning newspapers, having nationwide circulation, which 'are generally known and read, in English and Urdu languages respectively.

A copy of newspaper in each language, in which notice of general meeting was published, along with statement under section 134 of the Act, where applicable, shall be filed with the SECP within three days of publication.

The notice of general meeting along with statement under section 134 of the Act, where applicable, shall also be transmitted to the SBCP through fax or email.

One of the copies of financial statements and reports attached therewith, filed with the SECP in pursuance of section 223(7) of ,the Act, shall be duly signed by the auditor, the Chief Executive, a director and the Chief Financial Officer as the case may be, the SECP added.