Regulatory Alerts2025-11-04
Added · Updated
Circular No. 29 of 2025 - Clarification on the term 'Paid up capital' and 'Issued capital'
The Securities and Exchange Commission of Pakistan has issued a clarification regarding specific regulatory provisions. It mandates that the terms 'paid-up capital' or 'issued capital' mentioned in various specified regulations must be interpreted as 'number of outstanding shares'. This adjustment applies to provisions within the Voluntary Pension System Rules, 2005, the Non-Banking Finance Companies and Notified Entities Regulations, 2008, and the Unit Linked Product and Fund Rules, 2015.
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