SECP marks over 39,000 non-filing companies inactive

The Securities and Exchange Commission of Pakistan (SECP) said on Saturday it had marked 39,704 companies “Inactive by Registrar” after they failed to file annual returns and/or financial statements for four years. Marking non-filing companies as inactive would make the corporate register more reliable and help prevent dormant companies from being misused, the SECP said. “The inactive status will appear in the SECP’s system and be visible to banks and other stakeholders. These companies will not

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