ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has started registration of companies under the newly-introduced Virtual One-Stop Shop (VOSS), a statement said on Friday.
Under this VOSS, the commission has registered two companies, namely CEMEX (Pvt) Limited and Bisma Builders and Developers (Pvt) Limited, it said.
The SECP also conducted a number of awareness sessions for potential promoters about VOSS features and benefits.
Earlier, on the basis of an initiative taken by the federal government, a memorandum of understanding (MoU) for the establishment and operation of Virtual One-Stop Shop was signed between the SECP, the Federal Board of Revenue (FBR) and Employees’ Old-Age Benefits Institution (EOBI), to provide for integrated company, tax and employers’ registration with the three authorities, respectively, under the online mode.
In addition, the newly introduced system has also integrated three internal processes of the ecurities and Exchange Commission of Pakistan, including name reservation, company registration and issuance of certified true copies of the company formation documents.
The Virtual One-Stop Shop software has been developed by Pakistan Revenue Automation (Pvt.) Limited (PRAL).
The development will enable the country to achieve higher rankings in the starting-a-business and doing business indicators, which are global benchmarks to assess the doing business environment within a country.
It is also likely to promote investment, facilitate and attract new investors, and ensure documentation of economy.
Labourers rest in front of an advertisement for Reliance Industries Limited at a construction site in Mumbai, India,...
This picture taken on August 6, 2012 shows workers checking on a solar panel at a field in Hami, China's farwest...
India's Prime Minister Narendra Modi speaks to media at the opening of the budget session of Parliament in New Delhi...
People show their NICs to receive free bags of flour from a delivery truck at a distribution point in Lahore on March...
In this image, a man can be seen working in a textile factory in Pakistan. — AFP/FileKARACHI: The Yarn Brokers,...
A file image of an market in Karachi, Pakistan.— The News/file Will and Ariel Durant in their monumental work...