Rule · SECP · 28 Jun 2006

S.R.O 677(1)/2006 regarding grant for Further Exemption from Application of Clause 6 of Part I of the Fourth Schedule to the said Ordinance, 1984 to listed companies and their subsidiaries till 30th September, 2006

The Securities and Exchange Commission of Pakistan grants listed companies and their subsidiaries a further exemption from the application of clause 6 of Part I of the Fourth Schedule to the Companies Ordinance, 1984. This exemption extends until 30th September, 2006, continuing the provision established by notification No. S.R.O. 449(I)/2006 dated 12th May, 2006. The authority exercises powers conferred by sub-section (5) of section 234 of the Companies Ordinance, 1984, and clause (c) of section 43 of the Securities and Exchange Commission of Pakistan Act, 1997.

PakistanSecurities and Exchange Commission of Pakistan

PART II

Statutory Notifications (S.R.O)

GOVERNMENT OF PAKISTAN

SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

NOTIFICATION

Islamabad, the June 28, 2006.

S.R.O 677(I)/2006. In exercise of the powers conferred by sub-section (5) of section 234 of the Companies Ordinance, 1984 (XLVII of 1984), read with clause (c) of section 43 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997), the Securities and Exchange Commission of Pakistan, in continuation of its earlier notification No.S.R.O.449(I)/2006 dated 12th May, 2006, is pleased to grant further exemption from application of clause 6 of Part I of the Fourth Schedule to the said Ordinance till 30th September, 2006, to listed companies and their subsidiaries.

[No. 7(7) PSPD/PS/2005]

(Mohammad Hayat Jasra)
Secretary

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Issued under

The Securities and Exchange Commission of Pakistan Act, 1997 (Act No. XLII of 1997)1997 · PK-LAW
“read with clause (c) of section 43 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997)”
The Companies Ordinance, 1984 (Ordinance No. XLVII of 1984)1984 · PK-LAW
“In exercise of the powers conferred by sub-section (5) of section 234 of the Companies Ordinance, 1984 (XLVII of 1984)”