SRO 272 (I)/2020 – Amendments in the Private Funds Regulations, 2015

GOVERNMENT OF PAKISTAN
Securities and Exchange Commission of Pakistan -.-.-.- Islamabad 31 st March, 2020 NOTIFICATION S.R.O. 272 (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 Private Funds Regulations, 2015, the same having been previously published in the official Gazette vide S.R.O. 117 (I)/2020 dated February 18, 2020:
In the aforesaid Regulations, for Schedule I, the following shall be substituted namely,-- “Schedule I* [See Rule 7A and Regulation 5(4)] A) Application Fees under the Rules:
S# Form Subject of application Amount
(in Rs.)
1 Form I Application for permission to form Private Fund Management Company 250,000 2 Form II Application for license to carryout Private Equity and Venture Capital Fund Management Services 500,000 3 Form III Application for renewal of license to carry out Private Equity and Venture Capital Management Services Nil B) Application Fees under these Regulations: [Regulation 5(4)] S # Form Subject of application Amount (in Rs.) 1 Form I Application for registration of a Private Fund 500,000/- C) Other Fees: [Regulation 15] S# Head of fee Amount (Rs.) 1 Annual Fee for Private Fund 250,000/- *Schedule of fee revised as per the direction of Securities and Exchange Policy Board vide Notification S.R.O. 1620(I)/2019dated December 24, 2019. No. SCD/NBFC/NBFCR/2019-