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Guidelines for maintaining websites: SECP prods public limited cos into action

Guidelines for maintaining websites: SECP prods public limited cos into action

ISLAMABAD: Taking notice of the considerable delay in maintaining websites, the Securities and Exchange Commission of Pakistan (SECP) issued guidelines, directing the public limited companies to maintain their websites properly.

According to the commission, some public limited companies have failed to maintain their websites despite a considerable lapse of time. It is to be noted that earlier the SECP had directed public limited companies to maintain their websites by August 30.

The SECP has issued guidelines, addressing certain queries of companies such as requirements for loss-making firms, form and manner of compliance certificate.

The preferable format of compliance certificate has also been added to the guidelines. Powers to consider applications for relaxation and penalising non-compliant companies have been delegated to the Commissioner (Company Law Division).