ISLAMABAD – Securities and Exchange Commission of Pakistan (SECP) Tuesday launched Companies Regularization Scheme (CRS) for Gilgit-Baltistan to file their overdue returns on payment of normal fee as prescribed under sixth schedule of the Companies Ordinance, 1984.

According to a SECP’s press release issued here, the purpose of the scheme is to give relief to those companies which are registered in Gilgit-Baltistan and not regular in filing the statutory returns.

All the companies registered in Gilgit-Baltistan are advised in their own interest to benefit from this golden opportunity to regularize their statutory record by filing the overdue returns/annual accounts with normal filing fee.

The scheme shall be applicable to all companies and would remain operative for a period of three months from February 1 to April 30.

After the closure of the scheme, necessary legal action would be initiated against the non-compliant companies.