RegAlert

Rule · SECP · 7 Sep 2009

Amendment in the Companies (Invitation and Acceptance of Deposits) Rules, 1987

credit

Rule 3, sub-rule (4), clause (j) of the Companies (Invitation and Acceptance of Deposits) Rules, 1987, is substituted to exclude amounts received as security or advances from purchasing, selling, or other agents in the ordinary course of business, as well as advances against orders for goods, properties, or services, from the definition of deposits. This notification, dated September 7, 2009, supersedes SRO. 738(I)/2009 dated August 19, 2009, and applies to companies subject to the Companies Ordinance, 1984.

PakistanSecurities and Exchange Commission of Pakistan

PART II

Statutory Notification (S.R.O)

SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

Islamabad, September 7, 2009

NOTIFICATION

S.R.O.781(I)/2009.- In exercise of the powers conferred by section 506 of the Companies Ordinance, 1984 (XLVII of 1984), read with section 88 thereof and clause (b) of section 43 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997), the Securities and Exchange Commission of Pakistan is pleased to direct that the following amendment shall be made in the Companies (Invitation and Acceptance of Deposits) Rules, 1987, namely:-

In the aforesaid Rules, in rule 3, in sub-rule (4), for clause (j) the following shall be substituted, namely:-

(j) "amount received by way of security or an advance from any purchasing agent, selling agent or other agent in the ordinary course of business of the company or an advance received against orders for the supply of goods or properties or for rendering services;".

This supercedes SRO. 738(I)/2009, dated August 19, 2009.

CLD/CO.88/1/2002

(Abdul Rehman Qureshi)
Advisor/Secretary

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Annotations and obligations
5 definitions
  • Definition / condition 5
  • background, boilerplate

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

The Companies Ordinance, 1984(Ordinance No. XLVII of 1984)1984 · PK-LAWThe Companies Ordinance, 1984 (Ordinance No. XLVII of 1984) (1984-10-08)Companies (Invitation andAcceptance of Deposits) Rules, 19…Not in RegAlertCompanies (Invitation and Acceptance of Deposits) Rules, 1987 — Not in RegAlertNotification No. 738(I)/2009 dated2009-08-19Not in RegAlertNotification No. 738(I)/2009 dated 2009-08-19 — Not in RegAlertAmendment in the Companies(Invitation and Acceptance of…2009-09-07 · this documentAmendment in the Companies (Invitation and Acceptance of Deposits) Rules, 1987 (2009-09-07)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (3)
Supersedes
  • Notification No. 738(I)/2009 dated 2009-08-19Not in RegAlert

    “This supercedes SRO. 738(I)/2009, dated August 19, 2009.”

Amends
  • Companies (Invitation and Acceptance of Deposits) Rules, 1987Not in RegAlert

    “the following amendment shall be made in the Companies (Invitation and Acceptance of Deposits) Rules, 1987”

Issued under
  • The Companies Ordinance, 1984 (Ordinance No. XLVII of 1984)1984 · PK-LAW

    “In exercise of the powers conferred by section 506 of the Companies Ordinance, 1984 (XLVII of 1984), read with section 88 thereof and clause (b) of section 43 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997)”

More like this from SECP

SECP published 4 documents in the last 30 days. We email you each new one the day it's published.

Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added