Securities and Exchange Commission of Pakistan directs non-listed cos to maintain functional website
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed all non-listed companies, having paid-up capital of Rs200 million and above to maintain a functional website with effect from January 1, 2013, according to a statement on Tuesday.
This initiative is aimed at providing investors with a cost-effective and easy access to information about business in Pakistan, it said.
The requirement is in line with the current global technological development, to give investors, shareholders and the people, an easy access to information. The SECP anticipates that the website with up to-date information will serve as a valuable tool for the current and potential investors for making informed decisions.
An updated website would be mutually beneficial for the companies, providing them with an effective platform to disseminate relevant information to the stakeholders and seek their feedback wherever required, it said.