RegAlert

Rule · SECP · 18 Aug 2011

Notification under 506B of the Companies Ordinance, 1984

securities

The Securities and Exchange Commission of Pakistan directs all listed companies to issue dividend warrants crossed as "A/C payee only" in the name of the registered member or an authorized person. These warrants must bear the Computerized National Identity Card Number of the registered member or authorized person, with exceptions for minors and corporate members.

PakistanSecurities and Exchange Commission of Pakistan

SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

Islamabad, August 18, 2011

NOTIFICATION

S.R.O. 779 (I)/2011.- In exercise of the powers conferred by section 506B of the Companies Ordinance, 1984 (XLVII of 1984), the Securities and Exchange Commission of Pakistan is pleased to direct all the listed companies to issue dividend warrant(s) only crossed as "A/C payee only" in the name of registered member or in the name of the authorized person where a registered member authorizes the company to pay dividend, on his behalf, to any other person. The dividend warrant(s) should also bear the Computerized National Identity Card Number of the registered member or the authorized person, except in the case of minor(s) and corporate members.

No.Enf/D-II/Misc.1/2008

( Abdul Rehman Qureshi ) Advisor/Secretary

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The Companies Ordinance, 1984(Ordinance No. XLVII of 1984)1984 · PK-LAWThe Companies Ordinance, 1984 (Ordinance No. XLVII of 1984) (1984-10-08)Notification under 506B of theCompanies Ordinance, 19842011-08-18 · this documentNotification under 506B of the Companies Ordinance, 1984 (2011-08-18)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
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