Form A SECP Filing Service for Companies in Pakistan

Form A SECP Filing Service for Companies in Pakistan

The SECP is the nation’s regulatory authority that has laid down specific laws for corporations operating in the country; thus, compliance with these laws becomes crucial for these corporations.

Form A SECP filing is considered a mandatory document for companies. While these forms maintain appropriate disclosure and adherence to the regulations, they can be difficult when filing and preparing the documents.

And this is where Ways Tax comes in to make the process easier for you.

Form A

What is Form A SECP in Pakistan?

Form A SECP in Pakistan, also known as the Annual Return, is a document that must be submitted to the SECP by all companies affiliated with the body.

It gives information about the structure of the company and about shareholders, directors, and share capital. Each company is required to fill it once a year in terms of Section 130 of the Companies Act, 2017.

When to File the Annual Return Form?

Company TypeWhen to File Annual ReturnAdditional Notes
Single-Member Company (SMC)Within 30 days after the AGMAGM must be held within 120 days of financial year end
Private Limited CompanyWithin 30 days after the AGMFiling is mandatory even if there is no business activity
Public Unlisted CompanyWithin 30 days after the AGMMust file via SECP e-Services
Publicly Listed CompanyWithin 30 days after the AGMPenalties apply for late filing
Companies Not Required to Hold AGMWithin 30 days from the end of the calendar yearApplies to certain special company categories
Newly Incorporated CompaniesWithin 30 days after the first AGMAGM must be held within 120 days of the financial year-end.

Key Details Required to File Form A SECP of the Company

  • Financial Statements, including:
    . Balance sheet
    . Profit and Loss Account
    . Cash flow statement
    . Statement of changes in equity
    . Notes to the financial statements
  • Details of Auditors: Name and contact information of the company’s appointed auditors.
  • Company Structure: Names and addresses of shareholders, directors, and shareholding details.

Why is Form A Important for Companies in Pakistan?

By filing Form A annually, you will make sure that your company is following all the rules and regulations set by the SECP. It also aids in keeping transparency so that stakeholders and regulators can easily trust an organization.

How to File Form A SECP

Form A can be found online on the SECP Statutory Form list and then filled out to submit an annual return.

  • Download by clicking the link provided on the SECP portal.
  • Fill the form with the correct figures and the structure of the company.
  • Submit the completed form within the required deadline to avoid penalties.

Annual Return of the Foreign Company

For foreign companies:

  • Prepare Form 56 (Annual Return for Foreign Companies) as required by the SECP.
  • Update all company details, including principal place of business, directors, and authorized representatives in Pakistan.
  • Submit audited financial statements of the foreign parent company, if required.

Why not let Ways Tax do Form A filing for you?

We check the forms, make sure they are properly filled, and submit them to the necessary authorities on time.

Ways Tax do all this for you

Is There Any Fee for Form A?

Yes, SECP does take a fee for this Form A, and this form should be filed at least once every year. SECP imposes a penalty or fine if Form A is filed and submitted after the specified time.

Common Challenges in Filing Form A in SECP

  1. Complex Documentation: Financial statements and other management details collection and preparation can sometimes be quite challenging.
  2. Strict Deadlines: Deadlines that are not met cause penalties and non-compliance. Reach out to Ways Tax for hassle-free Form A filing service!
  3. Technical Errors: Most of the time, incomplete entries or even filling in wrong details in either form lead to unnecessary delays or refusals.
  4. Regulatory Changes: SECP’s updates are very frequent, and it is next to impossible to go through them unless one has some professional help.

Why Should Companies Choose Ways Tax for Filing Services?

Here’s why our clients trust us:

  1. Expert Guidance: We are well-informed about the SECP regulations and ensure updates with the new changes.
  2. Hassle-Free Process: We manage everything from the preparation, checking of necessary information, and filing of Form A.
  3. Accurate Financial Documentation: It is our focus to make sure that the detailed information on the balance sheet or any other financial statement and the auditor’s identity and establishment’s structure are correct.
  4. Timely Submissions: Stay penalty-free and adhere to legal requirements with our efficient services.
  5. Affordable Solutions: All our services are designed to be affordable, ensuring you receive professional help without exceeding your budget.

Get Started With Ways Tax Today

SECP compliance is not something that should be looked at as a roadblock. This means that when working with Ways Tax, you will be guaranteed professional Form A SECP filing services that are submitted professionally within the shortest time possible.

Give us a call now and enjoy our professional compliance services, and spend more time growing your business.

Don’t let SECP documentation slow you down. Contact Ways Tax today for seamless annual return service!