RegAlertRule · SECP · 4 Jun 2021
Amendments in Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017
The Securities and Exchange Commission of Pakistan substitutes the proviso to regulation 7(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. An acquirer may now extend the time period specified in that sub-regulation by a maximum of ninety days, subject to intimation to the Commission and the Securities Exchange. The amendment follows prior publication in the official Gazette vide S.R.O. 493(I)/2021 dated April 19, 2021 for eliciting public opinion.
Statutory Notifications (S. R. O.)
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Islamabad, the 28th May 2021
NOTIFICATION
S.R.O.638(I)/2021. - In exercise of powers conferred under section 169 of the Securities Act, 2015 (III of 2015), the Securities and Exchange Commission of Pakistan is pleased to make the following amendments in the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, the same having been previously published in the official Gazette vide S.R.O 493 (I)/2021 dated April 19, 2021, as required under sub-section (4) of section 169 of the Securities Act, 2015 for eliciting public opinion, namely:-
AMENDMENTS
In the aforesaid Regulations, in regulation 7, in sub-regulation (1), for the proviso, following shall be substituted, namely:-
“Provided that the acquirer may extend the aforementioned time period for a maximum of ninety days under intimation to the Commission and the Securities Exchange.”.
[No. EMD/TO/05/2008]
( Bilal Rasul )
Secretary to the Commission
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.
- Permission 1
- Definition / condition 1
- 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 links and the sentences they come from (1)
- Issued under
- The Securities Act, 2015 (Act No. III of 2015)2015 · PK-LAW
“In exercise of powers conferred under section 169 of the Securities Act, 2015 (III of 2015)”
Similar documents from other regulators
SEBISecurities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2025India · 2025-12-05
SCSummary of Amendments to the Rules on Take-overs, Mergers and Compulsory AcquisitionsMalaysia · 2017-12-06
BSECBangladesh Securities and Exchange Commission (Acquisition of Substantial Number of Shares, Takeover and Acquisition) Rules, 2018Bangladesh · 2018-06-10
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