SECP starts com­pany reg­is­tra­tion un­der VOSS

The Pak Banker - - NATIONAL -

The Se­cu­ri­ties and Ex­change Com­mis­sion of Pak­istan has started reg­is­tra­tion of com­pa­nies un­der the newly in­tro­duced Vir­tual One-Stop Shop (VOSS) and has reg­is­tered two com­pa­nies namely M/s CE­MEX (Pvt) Lim­ited and Bisma Builders and De­vel­op­ers (Pvt) Lim­ited un­der VOSS. SECP also con­ducted a num­ber of aware­ness ses­sions for po­ten­tial pro­mot­ers about VOSS fea­tures and ben­e­fits, said in state­ment is­sued by SECP here on Fri­day. Ear­lier, on the ba­sis of an ini­tia­tive taken by the fed­eral govern­ment, a mem­o­ran­dum of un­der­stand­ing for the es­tab­lish­ment and op­er­a­tion of VOSS was signed be­tween the SECP, the Fed­eral Board of Rev­enue and Em­ploy­ees' Old-Age Ben­e­fits In­sti­tu­tion, 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 SECP, in­clud­ing name reser­va­tion, com­pany reg­is­tra­tion and is­suance of cer­ti­fied true copies of the com­pany for­ma­tion doc­u­ments. The VOSS soft­ware has been de­vel­oped by Pak­istan Rev­enue Au­to­ma­tion (Pvt.) Lim­ited (PRAL). The afore­said 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.

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