SECP Introduces Virtual One Stop Shop

by Abdullah Talal Bodla

Keeping up with the pace of technology, the Securities and Exchange Commission of Pakistan (SECP) has recently introduced its Virtual One Stop Shop (OSS). Now companies can register with SECP, FBR and EOBI simultaneously at the SECP website.

This latest feature is helpful to both the companies and the government, as new entrants will have to register with FBR along with company registration. This helps in increasing the tax base of the corporate sector, while providing ease of access to companies.

With the launch of 3G and increase in number of internet users in Pakistan, this is a good step towards technology integration. Its a new inclusion in SECP’s steps to increase the efficiency of the corporate sector in terms of internet and technology.

Recently it issued notification for companies to maintain their websites regularly and made it compulsory to have an active website for all companies