Amendments to the Companies (Further Issue of Shares) Regulations, 2020

PART II
Statutory Notifications (S. R. O.)
GOVERNMENT OF PAKISTAN
Securities and Exchange Commission of Pakistan Islamabad, the 29thAugust, 2025 NOTIFICATION S.R.O.1665(I)/2025.- In exercise of the powers conferred under section 512 read with sections 58, 82, 83 and 83A of the Companies Act 2017 (XIX of 2017), the Securities and Exchange Commission of Pakistan hereby makes the following amendments in the Companies (Further Issue of Shares) Regulations, 2020, and the same having been previously published in the official Gazette vide notification S.R.O 1234 vide dated July 3, 2025, namely: - AMENDMENTS These amendments shall come into force from October 1st, 2025. In the aforesaid Regulations. - (1) in regulation 3, - a) in sub-regulation (1), clause (iii), after sub clause (j), the following new clause (k) shall be inserted namely, - “(k) Justification for issuing different kind and class of shares, if applicable;” b) in sub-regulation (2), clause (ii), after the word “document”, the words “in English and Urdu language” shall be omitted; c) in sub-regulation (2), clause (iv), after the words “the Commission”, for the expression “45 days” the expression “3 working days” shall be substituted and for the expression “7 days” the expression “5 days” shall be substituted; d) in sub-regulation (2), after clause (iv), the following new clause (iv)(a) shall be inserted namely, - “(iv)(a) The draft offer document shall be submitted to the Commission along with the following information:
i. complete list of associated companies;
ii. father’s name and CNIC number of sponsors, promoters, substantial shareholders,
and directors; and
iii. CUIN of the associated companies to the Commission along with the application.”;