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Tag Archives: show-cause notices

Rs50m loan among violation: SECP takes up 62 show-cause, 30 already concluded

ISLAMABAD: While enforcing compliance of corporate and allied laws, the Securities and Exchange Commission of Pakistan (SECP) began proceedings on 62 show cause notices served on different companies for non-compliance of legal requirements. The violations legal requirements included auditors’ reports, directors’ powers, delayed/non-filling of cost audit reports, investment in associated companies, misstatement of facts, takeover regulations, disclosure of directors’ interests, ... Read More »

FBR issues show-cause notices to 3,000 blacklisted companies

  KARACHI: The Federal Board of Revenue (FBR) has issued show-cause notices to 3,000 blacklisted companies for getting sales tax refunds on fake receipts. Regional Tax Office (RTO) sources said the FBR had decided to take action against such companies and they have been issued show- cause notices in this regard. Sources said the FBR has ordered the Inland Revenue ... Read More »

FBR issues notices to 165 companies for not filing withholding statements 

LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office (RTO) Lahore has issued as many as 165 show cause notices to companies for not filing the withholding statements. As per details, it is a must for all companies to submit their withholding statement to the FBR on a monthly basis to help the board calculate their taxes. Sources told ... Read More »

Customs Adjudication-I to issue 47 show-cause notices to fabric importers

KARACHI: The Collectorate of Customs Adjudication-I is going to issue 47 show-cause notices (SCNs) to fabric importers who involved in mis-declaration. According to details, the Office of the Collector, Collectorate of Customs Adjudication-I has to issue three show-cause notices to the importers and remaining show-cause notices to be issued by the offices of Additional Collector, Deputy Collector and Assistant Collector ... Read More »