SRO 271 (I)/2020 – Amendments Schedule II of REIT Regulations, 2015

GOVERNMENT OF PAKISTAN
Securities and Exchange Commission of Pakistan -.-.-.- Islamabad 31 st March, 2020 NOTIFICATION S.R.O. 271 (I)/2020.- In exercise of the powers conferred by sub-section (2) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984), on direction of the Securities and Exchange Policy Board vide Notification S.R.O. 1620(I) /2019, dated December 24, 2019, the Securities and Exchange Commission of Pakistan is pleased to make the following amendments in the Real Estate Investment Trust Regulations, 2015 , the same having been previously published in the official Gazette vide S.R.O. 118 (I)/2020, dated February 18, 2020:
In the aforesaid Regulations, in Schedule III*,-

1. in clause A, in the heading “Application Fees under the Rules” for the table, the
   following shall be substituted namely,-
   “A) Application Fees under the Rules:
   S# Form Subject of application Amount
   (RS.)
   1 Form I Application for permission to form an RMC 250,000 2 Form II Application for license to undertake or carry out an activity or function 500,000 3 Form IV Application for renewal of licence to carry out an activity or function. Nil
2. in clause B, under the heading “Application Fees” for the first table, following shall be
   substituted, namely:-
   “B) Application Fees:
   S# Subject of Application Amount (RS.)
   1 Application for registration of a REIT scheme 500,000/- *Schedules of fee revised as per the direction of Securities and Exchange Policy Board vide S.R.O 1620(I)/2019, dated December 24, 2019. [File No. SCD/NBFC/NBFCR/2019]