Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Islamabad, 6 th December 2017 NOTIFICATION S. R. O. 1240(I)/2017. – In exercise of powers conferred by section 512 read with clause (b) of sub-section (3) of section 199 of the Companies Act, 2017 (XIX of 2017), and having previously being published vide S.R.O. 1009(I)/2017 dated 5 th October, 2017 as required by section 512 of the said Act, the Securities and Exchange Commission of Pakistan hereby makes the following Regulations, namely:-
CHAPTER I
PRELIMINARY

1. Short title, commencement and application. – (1) These Regulations shall
   be called the Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017. (2) These Regulations shall come into force at once. (3) These Regulations shall apply to all companies except and to the extent those specifically exempted by the Commission through notification under clause (a) of sub-section (3) of section 199 of the Companies Act, 2017 (XIX of 2017).
2. Definitions.– (1) In these Regulations, unless there is anything repugnant
   in the subject or context, –
   (a) “Act” means the Companies Act, 2017 (XIX of 2017); (b) “associated companies” and “associated undertakings” shall have the same meaning assigned to it in clause (4) of sub-section (1) of section 2 of the Act; (c) “equity investment” includes investment in the shares of a company; and (d) “investment” shall have the same meaning as provided in the explanation to sub-section (1) of section 199. (2) Words and expressions used but not defined in these regulations shall, unless there is anything repugnant in the subject or context, have the same meanings assigned to them in the Act, the Securities Act, 2015 or the Securities and Exchange Commission of Pakistan Act, 1997.