RegAlert2017-01-12
Added · Updated
Share Registrars and Balloters Regulations, 2017
The Securities and Exchange Commission of Pakistan establishes licensing requirements for share registrars and balloters, mandating a minimum paid-up capital of three million rupees and specific executive qualifications. The regulations define prohibited activities, such as providing services to associated companies, and outline mandatory functions including the conduct of balloting, maintenance of allotment registers, and submission of post-offering reports within thirty days. License validity is set at one year with a renewal fee of twenty-five thousand rupees, while existing registrars must comply with these new standards within one year of the regulations coming into force.
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GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Islamabad, the 11th January, 2017.
NOTIFICATION
S.R.O. 16 (I)/2017. — In exercise of powers conferred by sub-section (1) of section 169 read with sections 63, 64, 65, 68 and 69 of the Securities Act, 2015, (Act No. III of 2015), the Securities and Exchange Commission of Pakistan is please to make the following Regulations, the same having been previously published in the official Gazette vide notification No. S.R.O. 588(I)/2016, dated June 30, 2016, as required by sub-section (4) of the said section 169, namely:-
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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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SECP published 3 documents in the last 30 days. We email you each new one the day it's published.