Amendments to Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003

SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN * Islamabad, the 25th May, 2012

NOTIFICATION

S.R.O.570 (I) /2012.--- In exercise of the powers conferred by sub section (1) 282B of the Companies Ordinance, 1984 (XLVII of 1984) read with 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, with approval of the Federal Government, is pleased to direct that the following further amendments shall be made in the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003, the same having been previously published vide its Notification No. S.R.O. 1079(I)/2011, dated the 2nd December, 2011, namely:--

In the aforesaid Rules,-

(a) in Form-I for the words, letters, figure and brackets “Five hundred thousand (Rs. 500,000/-)” the expression “(Rs. ________)” shall be substituted;

(b) in Form -II, in paragraph 5, for the words, letters, figure and brackets “two hundred and fifty thousand (Rs. 250,000/-)”, the expression “(Rs. ________)” shall be substituted;

(c) in Form-III,-
(i) in the second line, for the figure “2”, the figure “6” shall be substituted; and

(ii) for the word, brackets and figure “sub-rule (2)”. the word, brackets and figure “sub-rule (6)” shall be substituted;

(d) in the Form IV, for the words, letters, figure and brackets “two hundred and fifty thousand (Rs. 250,000/-)” the expression “(Rs. ________)” shall be substituted; and

(e) in Form V,-
(i) in the second line, for the brackets and figure “(5)”, the brackets and figure “(9)” shall be substituted; and

(ii) for the word and figure “sub-rule 5”, the word, brackets and figure “sub-rule (9)” shall be substituted.

[No.SCD/AMC/Rules/145/2012]

Bushra Aslam
Secretary