Rule · SECP · 14 May 2020

SRO 441 (I)/2020 – Amendments to the Companies Distribution of Dividends Regulations

The Securities and Exchange Commission of Pakistan amends regulation 2, sub-regulation (1), clause (vi) of the Companies (Distribution of Dividends) Regulations, 2017. The amendment inserts the phrase "or a central depository" immediately after the words "any approved payment service provider". This change modifies the entities recognized under this specific clause of the regulations.

PakistanSecurities and Exchange Commission of Pakistan

Government of Pakistan
Securities and Exchange Commission of Pakistan -.-.-.- Islamabad, 14 th May, 2020 NOTIFICATION S.R.O. 441 (I)/2020.- In exercise of the powers conferred under section 512 of the Companies Act, 2017 (XIX of 2017), the Securities and Exchange Commission of Pakistan hereby makes the following amendments to the Companies (Distribution of Dividends) Regulations, 2017, the same having been previously published in the official Gazette vide S.R.O. 304(I)/2020 dated April 13, 2020, as required by proviso to sub-section (1) of the said
section 512, and also placed on its website, namely:-
In the aforesaid Regulations, in regulation 2, in sub-regulation (1), in clause (vi), after the words “any approved payment service provider” the words “or a central depository” shall be inserted.” [File No. SMD/SE/2(20)/2020] ( EJAZ ALAM KHAN ) Secretary to the Commission

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Amends

Regulation No. 304(I)/2020 dated 2020-04-13Not in RegAlert
“amendments to the Companies (Distribution of Dividends) Regulations, 2017, the same having been previously published in the official Gazette vide S.R.O. 304(I)/2020 dated April 13, 2020”