Rule · SECP · 29 Mar 2012
The Securities and Exchange Commission of Pakistan amends the Sixth Schedule to the Companies Ordinance, 1984, by substituting sub-item (6) of item VII to establish non-refundable fees for approving the issuance, circulation, and publication of a prospectus under sections 57 or 62. For share issues, the fee is Rs. 100,000 if the post-IPO paid-up capital is up to Rs. 1 billion, and Rs. 200,000 if it exceeds Rs. 1 billion. For debenture issues, the fee is Rs. 100,000 if the total issue size including any green shoe option is up to Rs. 1 billion, and Rs. 200,000 if it exceeds Rs. 1 billion.
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Islamabad, 29 th March, 2012 NOTIFICATION S.R.O.320(I)/2012.- In exercise of the powers conferred by section 505 of the Companies Ordinance, 1984 (XLVII of 1984), read with section 470 thereof and clause (c) of
section 43 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997) and
SRO No. 698(I)/86 dated 2 nd July, 1986, the Securities and Exchange Commission of Pakistan is pleased to make the following amendments in the Sixth Schedule to the said Ordinance, namely:- AMENDMENTS In the aforesaid Schedule for sub-item (6) of item VII, the following shall be substituted, namely:- (6) approval to issue, circulate and publish the prospectus under section 57 or 62, a non-refundable fee in the following manner:- Rs. (i) For issue of shares:
(a) In case post IPO paid-up capital of the issuing company is upto Rs.1 billion, a fee of 100,000 (b) In case post IPO paid-up capital of the issuing company is above Rs.1 billion, a fee of 200,000 (ii) For issue of debentures (a) In case total issue size including green shoe option, if any, is upto Rs.1 billion, a fee of 100,000 (b) In case total issue size including green shoe option, if any, is above Rs.1 billion, a fee of 200,000 [F. No. SM/Misc./05/2002] (Abdul Rehman Qureshi) Advisor/Secretary
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“and clause (c) of section 43 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997)”
“and SRO No. 698(I)/86 dated 2 nd July, 1986, the Securities and Exchange Commission of Pakistan is pleased to make the following amendments”
“In exercise of the powers conferred by section 505 of the Companies Ordinance, 1984 (XLVII of 1984), read with section 470 thereof”
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