The Association- PAISP

01/01/2025

24/12/2024

Email Reminder:-
December 20, 2024
Respected Sir,
We are writing to follow up on our earlier email dated November 19, 2024, and the leer sent on the same day, originally addressed to Respected Chairman SECP. We have yet to receive a response from your end.
We kindly request you to look into the matter as our surveyors are required to fulfill the additional requirements imposed by the Insurance Division of SECP. Specifically, they need to file Form-A annually, regardless of the exemption provided under Section 130 of the Companies Act, 2017, in case of no change and capital below three million rupees.
We would appreciate your prompt attention to this matter.
Thank you for your cooperation,
Secretary,
PAISP

24/12/2024

SECP has issued explanation to some surveyors in violation of rule 47 for delays in reports of more than 90 days. Considering the same as partial unfair President PAISP has taken the notice and took up the matter with the Regulator. We request all of the persons who received such notices should share with PAISP so that appropriate action/steps may be taken.

24/12/2024

SECP Insurance Division demands Certified Copies of Filings of Form- A on each and every renewal of Licenses while the same is not applied to each renewal and applies to the companies having paid up capital of 3 million or where any change occurs as per Section-130 of Companies Act 2017. This means that Insurance Division has been violating the Companies Ordinance 2017. PAISP has taken up the matter with Chairman SECP. A reminder has also been sent after a month. Following is the copy of letter sent to SECP:

24/12/2024

PAISP also has taken up other matters with the Regulator, who is not an easy task as habitual to dictate his own likings and understandings based on their interests. These will be communicated to all in routine.

24/12/2024

Leaving behind all what has happened in past PAISP has decided to move forward.

1- Recently NICL has issued Tender Documents and invited bids from the surveyors’ community for their pre-qualification, which were to be opened on December 03, 2024. It was brought to our knowledge that some conditions mentioned as requirements were against the interest of our most of the surveyors. President PAISP has taken notice and requested NICL Authorities to amend the same. After going through the same NICL Authorities very kindly agreed to most of these and amended the same and postponed the bid opening and now fixed the same on January 09, 2025.

24/12/2024

10- PAISP has built a separate page named “The Association- PAISP” and “Whatsapp Group” with the same name as a temporary phase till the formation of a formal association. We request to like these so that our working can reach you in sequence and properly.

By the permission of President PAISP.

24/12/2024

9- The other main task of PAISP is to find other business prospects for our community.

24/12/2024

8- PAISP requests to all of you to help us to list down the issues priority wise. The core issues belong to SECP, FBR, Provincial Sales Tax, Professional Tax and the service fee. PIASP is ready and will be happy to discuss all issues and prospects in a cordial atmosphere. All are requested to send their suggestions to the email ID: [email protected]