SECP Revises Fee Structure for Document Submission

The Securities and Exchange Commission of Pakistan (SECP) has announced a restructured fee schedule for document submissions by various company categories, effective April 21, 2025.

The SECP has released a table outlining the fees payable to the SECP Registrar and Commission, as per the Seventh Schedule (fees paid by companies) of the Companies Act, 2017.

A significant change taking effect on April 21, 2025, is the fee differentiation between manual and electronic document submissions. Manual submissions will incur fees that are double or higher than those for electronic submissions. The SECP has clarified that electronic submission fees will only apply to documents for which electronic filing or lodging facilities are provided by the Commission.

Where electronic submission is not available, documents must be submitted in physical form, according to the SECP.

The updated fee structure, commencing April 21, 2025, specifies a fee of Rs 6,050 for companies with share capital registering a company whose nominal share capital does not exceed Rs 100,000. This rate applies to manual document submissions. Electronic submissions will be charged Rs 11,000.

The SECP has established a separate fee structure for companies limited by guarantee and without share capital, excluding those registered under Section 42 licenses.

For new company registrations, a fee of Rs 20,000 (electronic submission) will be levied for converting an existing company with share capital into a company limited by guarantee, mirroring the new company registration fee. Manual submissions will incur a fee of Rs 33,000. The same fee applies to companies limited by guarantee but possessing share capital.

Fees have also been defined for companies registered under Section 42 licenses without share capital.

The fee for electronically submitting documents related to mortgages, charges, pledges, or other company-created interests, including modifications or satisfactions, is Rs 11,000, while manual submissions cost Rs 15,000.

For filing, registering, or recording documents related to schemes of amalgamation and allied documents under Section 284, fees are determined by the transferee company’s classification in the Third Schedule:

  • Public Sector Companies (wholly owned by the Federal Government): Rs 50,000 for electronic submissions and Rs 100,000 for manual submissions.
  • Other Public Sector Companies: Rs 100,000 for electronic submissions and Rs 200,000 for manual submissions.
  • Medium Sized Companies: Rs 250,000 for electronic submissions and Rs 500,000 for manual submissions.
  • Large Sized Companies: Rs 350,000 for electronic submissions and Rs 700,000 for manual submissions.
  • Public Interest Companies (excluding Public Sector Companies): Rs 500,000 for electronic submissions and Rs 1,000,000 for manual submissions.

The SECP has also outlined fees for companies established outside Pakistan with a business presence in Pakistan.

Filing, registering, or recording documents containing charter/statute/memorandum and articles, etc., for registration by a foreign company requires a fee of Rs 11,000 for electronic submissions and Rs 22,000 for manual submissions.

Additionally, the SECP has set a non-refundable processing fee for seeking approval, sanction, permission, exemption, direction, or confirmation from the Commission or the registrar.