Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2012

The Securities and Exchange Commission of Pakistan mandates that companies disclose comprehensive information regarding investments in associated entities, including detailed financial data, valuation justifications, and director interests, when seeking member approval. The regulations impose specific conditions on such investments, requiring fair value determinations by rated professionals for unlisted securities and setting minimum return rates for loans based on interbank rates or Islamic finance benchmarks. Furthermore, companies are prohibited from extending revolving credit facilities beyond one year without renewal and must maintain a chronological register of all investments, loans, and guarantees at their registered office.

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The Gazette of Pakistan

EXTRAORDINARY

PUBLISHED BY AUTHORITY

ISLAMABAD, TUESDAY, JANUARY 17, 2012

PART II

Statutory Notifications (S. R. O.)
GOVERNMENT OF PAKISTAN

SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

NOTIFICATION

Islamabad, the 16th January, 2012

S. R. O. 27(I)/2012.— In exercise of powers conferred by clause (b) of sub-section (2A) of section 208 read with section 506A of the Companies Ordinance, 1984, (XLVII of 1984) and having being previously published in the official Gazette vide Notification No. S.R.O.82(1)/2010 dated February 9, 2011 as required by sub-section (1) of section 506A of the said Ordinance XLVII of 1984 the Securities and Exchange Commission of Pakistan hereby makes the following Regulations, namely:—

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Lineage: Superseded

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Timeline

Amended 1 time · last 2017-12-07

2017-12-07SECPCompanies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017supersedes

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