SECP Fee Structure Revised: Now It Costs More to Form or Wind Up Companies In Pakistan

Federal government has revised upwards the fee structure of the Securities and Exchange Commission of Pakistan (SECP) and decided to discourage manual fee submission by charging lower fee for online submission of applications.

In this regard, the SECP has issued notification S.R.O.119 (I)/2009 here on Monday.

For registration of a company whose nominal share capital does not exceed Rs 100,000, a fee of Rs 2500 for online submission and Rs 5000 for manual submission will be charged. For registration of a company whose nominal share capital exceeds Rs 100,000, the additional fee to be determined according to the amount of nominal share capital as follows, namely:

Types Of EPS

Types Of EPS

Gertrude Stein said, “A rose is a rose is a rose,” but the same cannot be said about earnings per share (EPS).

While the math may be simple, there are many varieties of EPS being used these days, and investors must understand what each one represents if they’re to make informed investment decisions. For example, the EPS announced by the company may differ significantly from what is reported in the financial statements and in the headlines. As a result, a stock may appear over- or undervalued depending on the EPS being used. This article will define some of the varieties of EPS and discuss their pros and cons.

KSE March 2005 Crash: SECP Forensic Investigation Report

At the request of the Securities and Exchange Commission of Pakistan (“SECP”), Diligence USA, LLC (“Diligence”) conducted a forensic examination of certain alleged manipulative and/or illicit activities related to the stock market events of March 2005, as
transacted on the Karachi Stock Exchange (“KSE”). The primary allegations examined related to the withdrawal of regulated COT (“Carry Over Transaction” financing, also known as “Carry Over Trade” or Badla financing) and in-house Badla, wash trades, and
violations of Clause 3(b) of the Regulations Governing Futures Contracts (exceeding the Rs 50 million reporting threshold).

PPL approves 55pc final dividend

The 55th Annual General Meeting (AGM) of Pakistan Petroleum Ltd (PPL) on Monday approved a final cash dividend of 55 per cent on Ordinary Share Capital for the fiscal year 2005-06.

This final cash dividend is in addition to the interim dividend of 35 per cent on Ordinary Share Capital and 30 per cent on Convertible Preference Shares Capital already paid to the shareholders in April this year, said a press release issued here.

Chairman PPL M A K Alizai said the company has been able to maintain the momentum of consistent and rapid growth in financial year 2005-06. He informed the meeting that the PPL’s sales revenue increased by 36 per cent to Rs31.8 billion.

CallMate auditors row brought SECP in

SECP has raised objection on CallMate’s removal of AF Ferguson & Co as its external auditors. In a letter written against CallMate’s notice of Extra-Ordinary General Meeting (EOGM) for removal of AF Ferguson as auditors and appointment of new auditors, SECP has ordered CallMate to provide explanation of their allegations against the auditors and to furnish revised statement including all deficient material.

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