SECP revoke licenses of 22 not for profit companies for non-compliance

The Securities and Exchange Commission of Pakistan (SECP), in continuation of its enforcement drive against non-compliant companies has revoked licenses of twenty two (22) not for profit companies during the first quarter of current fiscal year.

The licenses were revoked for non-compliant of statutory requirements i.e. non-filing of financial statements and annual returns. Some of them were dormant since incorporation.