Rule · SECP · 6 Aug 2025
Amends Schedule II of the Non-Banking Finance Companies (Establishment and Regulations) Rules, 2003 to exempt a section 42 company holding a license for investment finance services restricted to microfinance from clauses (d), (e) and (f) of sub-rule 6 of Rule 5 and clause (b) of sub-rule 2 of Rule 7. The exemption applies to the extent specified in the table.
Islamabad, 31st July, 2025
S.R.O.1416(I)/2025.- In exercise of the powers conferred by sub-section (2) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984) read with Rule 10B of Non-Banking Finance Companies (Establishment and Regulations) Rules, 2003, the Securities and Exchange Commission of Pakistan is pleased to introduce the amendments in scheduled II of the Non-Banking Finance Companies (Establishment and Regulations) Rules, 2003, exempting the following companies from application of provisions of said rules to the extent specified in the table below:-
| Sr. No | Type of Company | Exemption |
|---|---|---|
| 1. | A section 42 company holding license of investment finance services restricted to microfinance | i) Clauses (d), (e), and (f), of sub-rule 6 of Rule 5 ii) Clauses (b) of sub-rule 2 of Rule 7 |
[SCD/NBFC-1/249/R/ANBFCR/2022]
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“read with Rule 10B of Non-Banking Finance Companies (Establishment and Regulations) Rules, 2003”
“In exercise of the powers conferred by sub-section (2) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984)”
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