Regulatory Alerts2017-01-12
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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