FILING OF STATUTORY RETURNSSECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
What is a ‘Statutory Return’?
All the Forms/returns or documents required to be filed with concernedauthorities i.e., registrar concerned, Commission and Stock Exchanges (whererequired) under various provisions of the Companies Ordinance, 1984 (the“Ordinance”), or rules/regulations made thereunder are termed as StatutoryReturns. Statutory return contains information which are filed with the registrarconcerned of the Company Registration Office (CRO) where they are madepublicly available, so that anyone can verify the details about any company. Allthe returns/Forms are to be filed with prescribed fee and within the prescribedtimeframe. Format can be downloaded from the link,
Statutory Returns are filed under any of thefollowing three situations:
Immediately after incorporation of company
Periodical (annual, half yearly, quarterly)
On the occurrence of any particular event.The Securities and Exchange Commission of Pakistan (the “SECP”) hasprescribed the formats of the Statutory Returns in the Companies (GeneralProvisions and Forms) Rules, 1985 (the “Rules”). Specific forms for Singlemember Companies are prescribed under the Single Member Companies Rules,2003 (the SMC Rules). Formats of Annual returns i.e., Form A/B are prescribedunder
to the Ordinance. Format of the Circular to be sent tomembers alongwith the notice offering new shares is prescribed through S.R.ONo. 192(I)/86 dated Feb. 05,1986, under Section 86(3) of the Ordinance.
2. What is the utility of statutory returns for stakeholders?
The returns/forms filed by the Company become part of the Company’s recordmaintained by the registrar concerned. Regulation 18 and 19 of the Companies(Registration Offices) Regulations, 2003, ( the Regulations) read with sub- section6 of section 466 of the Ordinance authorizes the registrar concerned to permitmember of the public, to inspect or obtain copy of documents on payment of thefee prescribed under the
to the Ordinance. The Company record