What is SECP Form 26?
Form 26 (SECP) is one of those very important SECP forms that are occasionally filed by a company. You will have to file a form 26 in certain instances and matters that require a special resolution of a company. Whenever such matters are taken up by the company, the company must file Form 26. This form is filed to inform the registrar about passing a special resolution by the company.
When to File Form 26 with SECP
Whenever a special resolution is passed by the company, it must inform the registrar about the resolution in the prescribed manner within 15 days from the date of passing the special resolution. If you fail to file the form 26 within the given time, a late filing fee may be attracted.
Time Period for filing the Form 26
As required under the Companies Act, 2017, Form 26 must be filed with the registrar within 15 days from the date of resolution. In case of failure to file or delay the filing may invite penal action by the registrar.
Format of Form 26
SECP has prescribed a specific format for filing a special resolution in Form 26 that you can download here if you wish to file it in physical form. However, for online submission, you will have to log in to your SECP eservices account.
Information to be provided in Form 26
Form 26 has three (03) parts and all the parts must be duly filled by the company.
Part 1 of SECP Form 26
This part requires information about the name and CUIN of the company. Further, it requires details of the fee payment like amount and challan number.
Part 2 of Form 26
This part of the form is most important and all the relevant information is filled in this part. This part requires the following information:
- Date of Dispatch of notice of meeting specifying the intention to propose the special resolution
- Specify the intention to propose the resolution as a special resolution
- Date of the passing of Special Resolution
- Total Number of Members
- Members present in person or through a proxy in the meeting or voted through postal ballot
- Members voted for
- Members voted against
- At a general meeting of the members of the said company, duly convened and held at
- Place (City)
- Text of the special resolution
Third Part of Form 26
The third and the last part of Form 26 contains a declaration of the authorized signatory about the correctness of the information and compliance with the relevant provisions of the law.
How to File Form 26?
Like any other form to be filed by a company, you can file Form 26 in two ways; Online or Offline (physical form). In the case of an online form, first, you will fill in the form and attach the required documents and after submission print the challan for payment of fees. If you prefer to submit the offline form, fill in the form and submit it with the relevant company registration office along with the required documents and payment challan.
Hope you now know what is Form 26 and how to file it. You may also learn about other SECP forms that you may need to file on certain occasions. This will help you to be fully compliant with the law and avoid penalties.
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