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ASIC Provides Guidance On Streamlined External Administration Lodgements

ASIC Provides Guidance On Streamlined External Administration Lodgements Date ASIC has updated Information Sheet 29  External administration – controller appointments and schemes of arrangements - most commonly lodged forms (INFO 29) to help external administrators, controllers and scheme administrators comply with their lodgement and publication requirements following the introduction of three new types of external administration. The new external administration types have been in effect since 1 January 2021 and were introduced as part of changes made to the Corporations Act by the  Corporations Amendment (Corporate Insolvency Reforms) Act 2020 and related other legislation to assist small business given the impact of COVID-19 on these entities.

SECP directed to incorporate amendments in companies bill

SECP directed to incorporate amendments in companies bill July 15, 2021 ISLAMABAD: While deferring the Companies (Amendment) bill 2021, the Senate Standing Committee on Finance & Revenue has directed the Securities & Exchange Commission of Pakistan (SECP) to incorporate certain changes in the bill and table it before the panel till Monday, The News learnt on Wednesday. The Senate panel also asked the Federal Board of Revenue (FBR) to submit its report on how many amendments proposed by the Upper House of Parliament into the Finance Bill were incorporated into Finance Act 2021-22. The committee held its meeting under chairmanship of Senator Talha Mehmood at the Parliament House to discuss Companies (Amendment) Bill 2021.

FATF s nefarious designs - Daily Times

Daily Times June 30, 2021 Notwithstanding the fact that Pakistan has implemented 26 out of 27 action plans given by the FATF, it remains in the grey list. It has also been given a new six point action plan to remove deficiencies in Mutual Evaluation Report in order to secure exit from the list. Foreign minister Shah Mahmood Qureshi reacting to the development said “there was no justification for keeping Pakistan in the grey list adding that some powers wanted to keep the country under pressure,” though he did not name those powers. Placing Pakistan on the grey list and then persisting with it in spite of faithful implementation of almost the entire action plan given to her is not only politically motivated but also discriminatory.Official circles believe that it was unfair to undertake two different processes against Pakistan simultaneously.

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