Pakistan’s 2nd to None

At a top financial institution with participants after completing a project on  . A long day can be tiring but professionally rewarding if successful.

I’ve always believed and my belief keeps on strengthening that we only need to garner the abilities of our people in a just way while focusing on education.

In terms of brilliance, hardworking people and potential,  is 2nd to none

ACCA publishes detailed report on MLCC

Dear Readers,

Peace be on you,

It is with pleasure that we share that ACCA, the largest accountancy body in the world recently published a detailed report on our firm Millennium Law & Corporate Company (MLCC) and recognized it as the pioneer ACCA practicing firm in Pak. You can directly access it at: ACCA’s published profile of MLCC

or continue to read below and let us know your valuable views.

Millennium Law and Corporate Company (MLCC) becomes the Pioneer ACCA practicing firm in Pakistan

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Profile of Millennium Law & Corporate Company

  • 30 + Years’ “Young”

Millennium Law & Corporate Company (MLCC) has a background of thirty (30) years plus history of professional excellence stemming from its parent practice. It used to be focused solely on legal practice including corporate matters.

  • Way Forward – One stop solution

MLCC was expanded to include a new division for providing ACCA centered services. This led to the inclusion of the areas of taxation, corporate services, internal audit, advisory, risk management and trainings in addition to the other legal matters within the services offered by MLCC.

  • Partners

The firm is setup with specialized teams dealing with relevant areas under four (4) partners, two of whom are ACCA members while one is an ex legal advisor Federal Land Commission (Government of Pakistan) and another is an ex deputy Attorney General of Pakistan.

  • Pioneer ACCA Practising Firm in Pakistan

In 2015, the Association of Chartered Certified Accountants (ACCA) took a giant leap in Pakistan and initiated practising license program for the country.

  • MLCC became the pioneer practising firm in Pakistan with
  • Omer Zaheer Meer FCCA (the managing partner of MLCC) being awarded the first ever ACCA practising license in Pakistan.

Before that history was made when:

  • Omer Zaheer Meer FCCA became the first ever ACCA member to get admitted to the prestigious Lahore Tax Bar Association (LTBA) during 2009/10.
  • He was later joined by his brother Mr. Ali Zaheer Meer ACCA who is now a partner at MLCC and another ACCA member at LTBA.

Millennium Law & Corporate Company has built a reputation for quality services based on value creation and issue resolutions with time-specified deliverables. It is now the premier ACCA practising firm in the country and one of the leaders in the taxation, advisory and corporate services sectors.

  • Distinguished Collaborations

MLCC through its partners is currently represented at the Taxation Committee of Lahore Chamber of Commerce and Industry, Chairing the Liaison and sitting on the publication committees of LTBA, Chairing the Taxation Committee of ACCA, Global Tax Forum of ACCA and several think-tanks including Hamdard Thinkers’ Forum and Millat Thinkers’ Forum. MLCC’s clientele also includes some of the most distinguished names. Out key clients and/or associations are as below:

Read the rest of this section directly at:  ACCA’s published profile of MLCC

 

Why was MLCC started?

Managing Partner’s Views:

It is my strong and educated belief that the ACCA qualification and a proper training program equips one with the relevant skills, education and expertise to be the best not just technically but on the value addition side of being an entrepreneur.

With an early start to my career resulting is sufficient experience, I felt it was the right time to launch an ACCA practising firm on my return from UK to Pakistan. Also it was an opportunity to contribute back to the profession and ACCA fraternity in several ways.

However ACCA did not have a local practising license back then. Nevertheless we upheld the brand ACCA and pioneered in an area deemed alien for ACCA members at the time, i.e. local taxation. Within a short span of time we stood out of the crowd delivering excellence and quality beyond norms of the market. We then started expanding into other areas such as corporate services, advisory, risk management, e.t.c. with equally good results.

The milestones so far

Since becoming the pioneer ACCA practising firm in Pakistan some of the major milestones achieved by MLCC are outlined below:

  • Establishment of our non-legal services headquarter at the prime location of Bashir Mansion, 2 Turner Road, Lahore which is opposite FBR, close to Appellate Tribunal, behind Lahore High Court, adjacent AG Office and practically in the hub of all the action.
  • Establishment of a branch office in DHA, Lahore for facilitation of our clientele from the posh areas.
  • Award of the practising license and hence becoming the pioneer ACCA practising firm in Pakistan
  • Joining of Mr. Ali Zaheer Meer as the second ACCA partner of the Firm
  • Expansion intro value addition areas beyond taxation including internal audit, advisory, risk management, corporate services, e.t.c.
  • Start of our training division
  • Partnership with ACCA Pakistan for the CPD trainings of ACCA fraternity and beyond
  • Attendance of our CPD programs and training events by high-profile professionals including owners, directors and even non-ACCA partners of other renowned firms
  • Publication and launch of a research study on indirect taxation across the MESA (Middle-East and South-Asia region) in collaboration with ACCA and EY
  • Working with top names in various sectors including the likes of National Bank of Pakistan, Habib Bank Limited, MPDD, ACCA, LCCI, KCCI, LTBA, e.t.c.
  • Pre-launch of our ACCA trainees induction program

Advantages and benefits of ACCA firms

ACCA firms offer several benefits for the ACCA fraternity, the business community and the society at large. Some of the major ones include:

  • Opening up of new horizons and opportunities
  • Jobs creation
  • Quality services
  • Greater acceptance of ACCA locally
  • Entrepreneurial rewards
  • Increased collaborations with worthy partners
  • Greater exposure

With the advent of CPEC and the corresponding developments, there is a lot of potential for quality accountants and firms offering the right services. Yes it will be challenging but the rewards are more than commensurate. So have a dream and turn it into a reality.

Session on FATCA

From: members.pk
Sent: Monday, September 26, 2016 6:05 PM
Subject: Webinar on Foreign Account Tax Compliance Act (FATCA)

The Foreign Account Tax Compliance Act (FATCA) is a recently implemented law which creates a new reporting and withholding regime for financial institutions but impacts individuals and other businesses too.  FATCA, despite being a US regulation, has global implications as it effectively covers all US persons. State Bank of Pakistan (SBP), Pakistan Banks Association (PBA), Securities & Exchange Commission of Pakistan (SECP), individual commercial banks, non-bank financial institutions and other stakeholders in their respective capacities

It is a very important area for the banking and financial services sector, and equally important for professionals from other sectors and industries.

Keeping in view of our tradition of keeping our members and affiliates up-to-date on important professional developments, we’ve organized a session on this current and highly in-demand topic.

Trainer’s Profile

Mr. Omer Zaheer Meer is an experienced accounting, finance, management and economics professional holding FCCA (senior ACCA member), CFA Charter, the Anti-Money Laundering Specialization, BSc (Hons) in Applied Accounting and several professional certifications from UK along-with 15 years of experience gained in top management positions in leading British and Pakistani companies.

Currently, he is the Managing Partner at Millennium Law & Corporate Company (pioneer ACCA practising firm in Pakistan) and a Director on the board of multiple organizations. Mr. Meer is an experienced trainer having worked with esteemed organizations in corporate, public and academic sectors. His portfolio includes having conducted mandatory promotional trainings of Government Officers at MPDD (Punjab Govt) as well as conducting programs at National Bank of Pakistan (NBP), HBL, LCCI, LTBA, Bahria University (Pak Navy), UET, e.t.c.

He is a regular contributor to various national and international publications like Daily Nation, Daily Times, Express Tribune and Blue Chip magazine.

Mr. Meer is also a life member and third-time serving Chairman Liaison Committee of Lahore Tax Bar Association, Member of Global Taxation Forum (ACCA UK), Member MNP and Chairman of the Taxation Subcommittee of ACCA (Pak), Member Taxation Committee LCCI, Director Millat Thinkers’ Forum, Member Hamdard Thinkers’ Forum and professionally associated with globally reputed organizations like ACCA (UK), CFAI (USA), UKSIP (UK), PRIMA (USA), PRMIA (USA),  MPDD (PAK) & www.mymfb.com

Topics Covered

        I.            What is Money Laundering?

      II.            Sources of Black Money

    III.            Money Laundering – Method

    IV.            Notable Cases of Money Laundering

      V.            Anti – Money Laundering (AML)

    VI.            Effective AML System

  VII.            Acronyms

VIII.            FATCA Regulations (including for Individual/Sole Proprietorship Accounts, Entities
and Change in circumstances of Existing entities) along-with impact on various stakeholders including businesses and individuals

    IX.            Q & A Session

Audience
ACCA Members & Affiliates, other Tax Professionals and professional accountants

When and Where
The event will be conducted only through Webinar.

Date & Time
3
0 September 2016, 03:00pm – 06:00pm

Registration

The participation fee for this webinar is Rs.5,000 and can be paid at all the ACCA Pakistan Offices to the Customer Services representatives.

The fee is fully waived for ACTIVE ACCA Members and Affiliates. 


All Members and Affiliates interested in attending the event should register before 29 September 2016 by filling up the registration form available on the link below.

Click here to register

CPD Units

03 Units

Haroon A Jan
Head of Member Affairs
ACCA Pakistan
61-C  Main Gulberg  Lahore Pakistan

cel: +92 (0)300 8466 322

tel: +92 (0)42 3598 7022
fax: +92 (0)42 3575 9346

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