2019-05-24
Added · Updated
The Securities and Exchange Commission of Pakistan establishes regulations governing the issuance of further shares, including right issues, bonus shares, and shares issued to specific persons or through employee stock option schemes. The rules impose strict conditions on listed companies, such as a one-year cooling-off period between capital raises, mandatory board approvals, and specific pricing constraints based on market value and free reserves. Companies must adhere to detailed disclosure, reporting, and underwriting requirements, with penalties for delays or non-compliance, including mandatory newspaper publications and Commission permission for extensions.
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PART II
Statutory Notifications (S. R. O.)
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN NOTIFICATION Islamabad, the 14th November, 2018 S.R.O. 1399 (I)/2018.- In exercise of powers conferred under section 512 read with sections 58 and 83 of the Companies Act 2017 (XIX of 2017) the Securities and Exchange Commission is pleased to notify the following regulations, the same having been previously published in the official Gazette vide Notification No. S.R.O.769(I)/2018 dated June 13, 2018, as required under proviso to sub-section (1) of the said section 512, namely:-
CHAPTER 1
PRELIMINARY
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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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SECP published 3 documents in the last 30 days. We email you each new one the day it's published.