Rule · SECP · 25 Jul 2019

Notification of Amendments in Listed Companies (Buy Back of Shares) Regulations, 2019

The Securities and Exchange Commission of Pakistan amends Regulation 11 of the Listed Companies (Buy-Back of Shares) Regulations, 2019, by substituting the phrase "six months" with "three years" in clause (d). Additionally, a new explanation is inserted after clause (d) to clarify that the further issue of capital does not include a bonus issue of shares.

PakistanSecurities and Exchange Commission of Pakistan

SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN *

Islamabad, the 25th July, 2019

NOTIFICATION

S.R.O. 857(I)/2019.- In exercise of the powers conferred under section 512 read with section 88 of the Companies Act, 2017 (XIX of 2017), the Securities and Exchange Commission of Pakistan is pleased to make the following amendments in the Listed Companies (Buy-Back of Shares) Regulations, 2019, the same having been previously published in the official Gazette vide Notification No. S.R.O. 658 (I)/2019 dated June 25, 2019, namely:-

In the aforesaid Regulations, in regulation 11,-

i. in clause (d), words “three years” shall be substituted for words “six months”;

ii. after clause (d), following shall be inserted, namely:-

“Explanation: further issue of capital shall not include bonus issue of shares.”

[No. CSD/BBR/124/2018]

Bushra Aslam
Executive Director

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Annotations and obligations

3 definitions

Definition / condition 3
background, boilerplate

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it

The links and the sentences they come from (1)

Amends

SRO 658 (I)/2019-Notification of Draft Amendment to Listed Companies (Buy-back of shares) Regulations, 20192019 · SECP
“make the following amendments in the Listed Companies (Buy-Back of Shares) Regulations, 2019, the same having been previously published in the official Gazette vide Notification No. S.R.O. 658 (I)/2019 dated June 25, 2019”

Timeline

This document amends: SRO 658 (I)/2019-Notification of Draft Amendment to Listed Companies (Buy-back of shares) Regulations, 2019

Lineage: No known changes

Timeline

Similar documents from other regulators