Regulatory Alerts2000-05-25
Added · Updated
Appointment of directors and chief executive in Modaraba companies
Modaraba companies are prohibited from changing their directors or chief executive without prior approval from the Registrar Modaraba, as required by the conditions of their Registration and Authorization Certificates. Applications for such changes must be submitted using Form-I for non-nominee directors or Form-II for nominee directors, accompanied by substantiating documentary evidence. Incomplete applications will not be considered, and any deficiencies must be rectified within ten days of notification, otherwise the matter will be treated as closed.
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