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SECP Amends Associations with Charitable and Not for Profit Objects Regulations, 2018


SECP Amends Associations with Charitable and Not for Profit Objects Regulations, 2018
The financial statements of the non-profit organizations and non-governmental organizations would now contain information about the details of payment of meeting fee/reimbursement of actual expenses for attending board meetings/committees of the board.
The Securities and Exchange Commission of Pakistan (SECP) has made this compulsory for the NPOs and NGOs through a notification issued here on Wednesday amending the Associations with Charitable and Not for Profit Objects Regulations, 2018.
Under the amended regulations, the directors’ report as attached to the financial statements of the Association shall disclose the payment of meeting fee and reimbursement of actual expenses incurred by each director including the chief executive for attending meetings of board and committees of the board, SECP directed the NPOs and NGOs (commonly known as companies registered under section 42). ....

Exchange Commission Of Pakistan , Exchange Commission , Profit Objects Regulations , பரிமாற்றம் தரகு ஆஃப் பாக்கிஸ்தான் , பரிமாற்றம் தரகு , ப்ராஃபிட் பொருள்கள் ஒழுங்குமுறைகள் ,