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picture1_One Person Company Pdf 161399 | Kpmg Corporate Publication On Website Maintenance For Public Company


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File: One Person Company Pdf 161399 | Kpmg Corporate Publication On Website Maintenance For Public Company
kpmgtaseerhadi co charteredaccountants website mandatory for a public company effective from3 october 2019 preliminary profile of company securities and exchange commission of pakistan vision mission and principle business activities vide ...

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                               KPMGTaseerHadi& Co. 
                               CharteredAccountants                                                 Website 
                                                                                                    mandatory for a Public Company 
                                                                                                     effective from3 October 2019
          Preliminary                                                                 Profile of Company
          Securities and Exchange Commission of Pakistan                              Vision, mission and principle business activities; 
          [“SECP”] vide S.R.O. 1196 (I)/2019 has made it                              status of company; company registration number, 
          mandatoryfor all public companies to maintain                               NTN, address, phone and fax numbers of registered 
          a website which is to be effective from 3                                   office, head office and all branch offices, valid email 
          October 2019 while encouraging all other                                    address, and details of subsidiaries/associates.
          companies to do the same.
                                                                                      Governance
          Public Company -means a company which is not 
          a private company.                                                          Profile of the Board of Directors, pattern of 
                                                                                      shareholding, and name of Auditor and Legal 
          Private Company - means a company which, by                                 Advisor.
          its articles:
                                                                                      Investor Relations
          (a) restricts the right to transfer its shares; 
                                                                                      Contact details of person for handling investors’ 
          (b) limits the number of its members to 50 not                              complaints, updated logo of SECP Service Desk 
               including persons who are in the employment                            Managements System’s, notices of general 
               of the company; and                                                    meetings, site map and search facility etc.
          (c) prohibits any invitation to the public to                               Media
               subscribe for the shares, if any, or debentures 
               or redeemable capital of the company:                                  National /International Awards, if any, membership 
                                                                                      of industry associations and trade bodies, if any,
               Provided that, where two or more persons hold                          any other announcements or clarifications issued by 
               one or more shares in a company jointly, they                          the company and last date on which website was 
               shall, for the purposes of this definition, be                         updated.
               treated as a single member.
                                                                                      Information on homepage of website
          Means section 42 Companies i.e. NPOs, NGOs, clubs are 
          also required to maintain a website including other PICs                    Website link of SECP’s portal “JamaPunji” along 
          and companies which are not private companies.                              with its logo and information of companies’ own 
          Penalty                                                                     complaint handling cell and contact person.
          Any contravention of this notification will be                              Information of Group companies
          punishable with a penalty of Rs.100 million and if                          Public companies registered as a group under the 
          the contravention is a continuing one Rs.500,000                            Group Companies Registration Regulations, 2008 
          per day as per section 510(2) of Companies Act,                             shall place the annual financial statements of 
          2017.                                                                       their group along with the mandatory reports 
                                                                                      wherever required.
          Information on Website
          Following minimum information should be 
          included on their website in English and Urdu 
          languages, namely:
                          © 2019 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with 
                          KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
                                                                     Document Classification: KPMG Public
                               KPMGTaseerHadi& Co. 
                               CharteredAccountants                                                 Website 
                                                                                                    mandatory for a Public Company 
                                                                                                     effective from3 October 2019
        Additional disclosure requirements                                          • Name and address of share registrar;
        for listed companies                                                        • Free float of the shares of Company; and
        Election of Directors                                                       • Ratings of company and instrument (if any).
        • All notices relating to election of directors                             Financial statements - Listed 
            along with statement of material facts, names                           Company
            and profiles of persons chosen from the 
            databank for electing them as independent 
            directors, and following information with                               • Every listed company shall place annual report, 
            respect to election of Directors:                                           at least 21 days prior to the date of AGM.
            – Proxies, in number and value, deposited by                            • Quarterly financial statements and reports shall 
                each candidate, detailed profile of                                     be placed on website of listed company within 7
                candidates contesting the elections along                               days from the date of approval by the board.
                with their office address, seven days prior to 
                the date of election till the date of election                      • Every listed company shall ensure that financial 
                and                                                                     statements, reports and other information are 
                                                                                        available in internationally acceptable, user 
            – 21 days prior to the date of election till the                            friendly, easily accessible and downloadable 
                date of election, proxy forms to be placed on                           electronic format.
                website and list of shareholders and their 
                addresses accessible by candidate.                                     Website address - PSX
        Investor Information                                                           Every listed company shall disseminate its 
        • Symbolof the company assigned by the                                         functional website address to the PSX and in case 
                                                                                       of any change, the company shall notify the PSX 
            Pakistan Stock Exchange (“PSX”) and website                                within 7 days.
            links of PSX;
        • Annual reports for the last 3 financial years;                               Website security
        • Financial highlights for previous 5 years;                                   Every company shall deploy appropriate 
                                                                                       measures and safeguards for security of its 
        • Quarterly financial statements issued during the                             website.
            current year as well as past 3 years;
        • EPSare (basic and diluted), P/E ratio and 
            breakup value of shares, dividend payout 
            ratio;
                          © 2019 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with 
                          KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
                                                                     Document Classification: KPMG Public
           Contactus
           Karachi Office
           Sheikh Sultan Trust Building No. 2
           Beaumont Road
           Karachi – 75530
           Telephone 92 (21) 3568 5847
           Telefax 92 (21) 3568 5095
           e-Mail karachi@kpmg.com
           Lahore Office
           351, Shadman–1 
           Main Jail Road 
           Lahore 54000 
           Phone +92 (42) 111 576 484 
           Fax +92 (42) 3742 9907 
           E-Mail lahore@kpmg.com
           Islamabad Office
           Sixth Floor, State Life Building 
           Blue Area 
           Islamabad
           Telephone 92 (51) 282 3558
           Telefax 92 (51) 282 2671
           e-Mail islamabad@kpmg.com
          www.kpmg.com.pk
          The information contained herein is of a general 
          nature and is not intended to address the 
          circumstances of any particular individual or entity. 
          Although we endeavour to provide accurate and 
          timely information, there can be no guarantee that 
          such information is accurate as of the date it is 
          received or that it will continue to be accurate in the 
          future. No one should act on such information without 
          appropriate professional advice after a thorough 
          examination of the particular situation.
          The KPMG name and logo are registered trademarks 
          or trademarks of KPMG International. 
                          © 2019 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with 
                          KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
                                                                     Document Classification: KPMG Public
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...Kpmgtaseerhadi co charteredaccountants website mandatory for a public company effective from october preliminary profile of securities and exchange commission pakistan vision mission principle business activities vide s r o i has made it status registration number mandatoryfor all companies to maintain ntn address phone fax numbers registered which is be office head branch offices valid email while encouraging other details subsidiaries associates do the same governance means not private board directors pattern shareholding name auditor legal by advisor its articles investor relations restricts right transfer shares contact person handling investors b limits members complaints updated logo secp service desk including persons who are in employment managements system notices general meetings site map search facility etc c prohibits any invitation media subscribe if or debentures redeemable capital national international awards membership industry associations trade bodies provided that w...

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