RegAlertRule · SECP · 28 Jun 2004
Securities and Exchange Commission of Pakistan Notification S.R.O. 537(I)/2004
The Securities and Exchange Commission of Pakistan specifies Registered Corporate Brokers, Mutual Funds, Trusts, Provident Funds, and Gratuity Funds as "other persons" eligible to receive instruments in the nature of redeemable capital from a company. This designation applies subject to the terms and conditions of the agreement contemplated in sub-section (1) of section 120 of the Companies Ordinance, 1984, and the constitutive documents or Trust Deeds governing the respective entities. The notification was issued on June 28, 2004, under the authority of section 120 of the Companies Ordinance, 1984, read with clause (c) of section 43 of the Securities and Exchange Commission of Pakistan Act, 1997.
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN NOTIFICATION Islamabad, the 28 th June, 2004 S.R.O. 537(I)/2004.- In exercise of the powers conferred by sub-section (1) of
section 120 of the Companies Ordinance, 1984, read with clause (c) of section 43
of the Securities and Exchange Commission of Pakistan Act, 1997, the Securities and Exchange Commission of Pakistan is pleased to specify, (i) Registered Corporate Brokers; (ii) Mutual Funds (subject to the terms of their constitutive documents); (iii) Trusts (subject to the terms of their Trust Deeds); (iv) Provident Funds; and (v) Gratuity Funds, as “other persons” to whom any instrument in the nature of redeemable capital may be issued by a company, subject to the terms and conditions of the agreement contemplated in the said section 120. [No. SM/Misc (Prosp)/10/03] (Mohammed Hayat Jasra) Executive Director
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- Definition / condition 1
- background, boilerplate
Lineage: Superseded
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The links and the sentences they come from (3)
- Superseded by
“S.R.O. 537(I)/2004 dated June 28, 2004”
- Issued under
“read with clause (c) of section 43 of the Securities and Exchange Commission of Pakistan Act, 1997”
“In exercise of the powers conferred by sub-section (1) of section 120 of the Companies Ordinance, 1984”
Timeline
Amended 1 time · last 2018-06-14
- 2018-06-14
SECPSRO 771(I)/2018 Notification to Mutual Funds VPSsupersedes
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