Regulatory Alerts1999-10-30
Added · Updated
Rule-10 of NBFIs Rules of Business – Review of instructions on financing facilities against shares
Leasing companies and modaraba companies must submit a statement detailing finances provided against the pledge of shares on a half-yearly basis. These reports are due by January 20 and July 20 for the preceding six-month periods. The requirement enforces strict compliance with the enclosed State Bank of Pakistan circular regarding financing facilities against shares.
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