Regulatory Alerts2019-11-01
Added · Updated
Amendments in the Share Registrars and Ballotters Regulations, 2017
The Securities and Exchange Commission of Pakistan deletes the requirement for evidence of payment of a twenty-five thousand rupee non-refundable renewal fee from Regulation 7(1) and Form C of the Share Registrars and Ballotters Regulations, 2017. This amendment aligns the regulations with a fee revision directive issued by the Policy Board on July 2, 2019. The changes apply to share registrars and ballotters subject to these regulations.
GOVERNMENT OF PAKISTAN SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.- Islamabad, the 28th October, 2019 NOTIFICATION S.R.O. 1284 (I)/2019. __ In exercise of powers conferred by 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 Share Registrars and Ballotters Regulations, 2017, the same having been previously published vide Notification S.R.O. 749(I)/2019 dated July 05, 2019, and placed on the website of the Commission as required by sub-section (4) of the said section namely.- In the aforesaid Regulations,-
- in Regulation 7, sub-regulation (1), the words “and evidence of payment of nonrefundable renewal fee of twenty five thousand rupees” shall be deleted; and
- in Form C, the words “and the document evidencing payment of the renewal fee” shall be omitted. [*Fee revised as per the directive of Policy Board vide S.R.O. 716(I)/2019, dated 2nd July, 2019 ]