ISLAMABAD, July 2: The Securities and Exchange Commission of Pakistan has extended the facility of applying for de-registration under its Companies Easy Exit Scheme (CEES) up to December 31.

The facility, the SECP stated here on Friday, was available to dormant private limited companies, non-listed public companies and companies limited by guarantee. It is, however, subject to the condition that the applicants have no business operations, assets or liabilities.

The applications in this connection, as per CEES, have to be supported by a resolution of the board of directors or a resolution passed by shareholders of the company as well as a declaration furnished by a director (preferably chief executive) duly verified by an affidavit administered before the oath commissioner confirming the position stated therein.

"It will also affirm that the company has no liabilities outstanding in relation to any loans obtained from banks or financial institutions, taxes, utility charges or any obligations towards government department or private parties.

"The company shall also produce a certificate from a practising chartered accountant or a cost and management accountant confirming the position of its liabilities, if any. A fee of Rs5,000 will be charged from a private limited company and Rs7,500 from a non-listed public company or a company limited by guarantee."