Additional Condition No. 1/2000 to Modaraba Authorization Certificate – Periodical Statements

Circular No. 10 - Reference No. 6(90)R.M/2000- Additional Condition No. 1/2000 to Modaraba Authorization Certificate - Periodical Statements Aug. 10, 2000 In continuation of this office Circular No. 5/2000 dated April 20, 2000, on the above subject. As per para 4 of the said circular the formats of new periodical statements to be filed by all the Modarabas in terms of Revised Prudential Regulations have been devised and are attached herewith.
2. The details of the statements showing their periodicity and filing period etc. are as
under:-
Statement
No.
Periodicity and Nature of Statement Filing Period 1 Monthly Statement of Assets and Liabilities Within 7-days from the close of month 2 Quarterly Statement of Assets and Liabilities alongwith Annexure A,B &C Within 7-days from the close of quarter 3 Quarterly Statement of details of Investment in Shares COM, COIs etc. -do￾4 Quarterly Statement of Sector-wise Distribution of Fund -do￾5 Quarterly Statement of Overdues/Defaults -do￾6 Quarterly Statement of Re-scheduled/re-structured Facilities -do￾7 Quarterly Statement of Loans/Facilities sanctioned and disbursed by the Modaraba during the quarter -do￾3. The above statements are required to be sent in duplicate and alongwith necessary filing fee.
4. The first monthly statement of assets and liabilities for the month of July 2000 may be
filed by the Modarabas within 7-days from the receipt of this letter.
5. Please acknowledge receipt.
(MUHAMMAD ISHAQ MALLAL)
REGISTRAR MODARABA

DISTRIBUTION:

1. Chief Executive of all Modaraba Companies.
2. Modaraba Association of Pakistan.
3. The Institute of Chartered Accountants of Pakistan, Karachi.
4. The Institute of Cost and Management Accountants of Pakistan, Karachi.
5. Press Information Department, Islamabad.
6. Associated Press of Pakistan.
7. All Officers of SECP (H/Qs) and CROs.
8. Office copy.