Regulatory Alerts2000-08-18
Added · Updated
Issue of right certificates by Modarabas
Modarabas intending to issue Right Certificates under Rule 20-B of the Modaraba Companies and Modaraba Rules, 1981, must obtain permission from the Registrar Modaraba subject to general and specific conditions. The Registrar will ordinarily apply the provisions of the Companies (Issue of Capital) Rules, 1996, to the extent deemed applicable. This directive supersedes Circular No. 3 of 1995.
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