What is Form 26 SECP?

SECP Form 26 holds significance as one of the crucial forms mandated by the Securities and Exchange Commission of Pakistan (SECP). It is utilized by companies on specific occasions that necessitate the passing of a special resolution. Form 26 serves as a means to notify the registrar about the company’s adoption of a special resolution, ensuring transparency and regulatory compliance.

When to File Form 26 with SECP:

Upon the approval of a special resolution, it becomes imperative for the company to notify the registrar within 15 days from the date of passing the resolution. Failure to adhere to this timeline may result in incurring a late filing fee, emphasizing the importance of timely submission to avoid penalties.

Filing Time frame for Form 26:

According to the provisions outlined in the Companies Act, 2017, Form 26 must be submitted to the registrar within 15 days from the date of passing the special resolution. Any delay or failure to file within the stipulated time frame may lead to penal actions by the registrar.

Format and Information Required:

SECP prescribes a specific format for filing Form 26, which can be accessed online through the SECP e-services account or downloaded for physical submission. The form comprises three parts, each requiring essential details:

  • Part 1: Company details and fee payment information.
  • Part 2: Crucial information pertaining to the special resolution, including meeting specifics, resolution text, and member voting details.
  • Part 3: Declaration by the authorized signatory regarding the accuracy of information and compliance with relevant legal provisions.

How to File Form 26:

Companies have the option to file Form 26 either online or offline. For online submission, the form is filled out electronically, and required documents are attached. Subsequently, the challan for fee payment is printed after submission. Alternatively, companies can opt for offline submission by completing the form physically and submitting it, along with necessary documents and payment challan, to the relevant company registration office.

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