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Rule · SECP · 26 Dec 2018

SRO 1570(I)/2018 Notification to Overseas Pakistani Foundation to maintain data bank

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The Securities and Exchange Commission of Pakistan authorizes the Overseas Pakistanis Foundation to create and maintain a data bank of independent directors. The Foundation is required to post this data on its website for use by companies appointing such directors. This authorization is exercised under section 510 read with sub-section (1) of section 166 of the Companies Act, 2017.

PakistanSecurities and Exchange Commission of Pakistan

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-

Islamabad, the 26th December, 2018

NOTIFICATION

S.R.O. 1570(I)/2018.- In exercise of the powers conferred by section 510 read with sub-section (1) of section 166 of the Companies Act, 2017 (XIX of 2017), the Securities and Exchange Commission of Pakistan is pleased to notify that Overseas Pakistanis Foundation is hereby authorized to create and maintain data bank of independent directors and post such data on its website for the use by the company making the appointment of such directors.

[File No.: CLD/CCD/PR(20)/Misc/17]

(Bilal Rasul)
Secretary to the Commission

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