SRO 453 of 2025 - Amendments to the Listed Companies (Postal Ballot) Regulations, 2018

Government of Pakistan
Securities and Exchange Commission of Pakistan Islamabad, 20th March, 2025 NOTIFICATION S.R.O.453(I)/2025.- In exercise of 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 (Postal Ballot) Regulations, 2018, the same having been previously published in the official Gazette, vide Notification S.R.O. 1640(I)/2024 dated October 9, 2024 as required by the section 512, namely:- AMENDMENTS In the aforesaid Regulations, - (1) in regulation 4, for sub-regulation (4) the following shall be substituted, namely: - “(4) In case of election of directors and transactions specified as special business under the Act, a listed company shall send the required information to members as provided in sub-regulations (2) and (3) not later than seven days before the date of general meeting and the provisions of regulation 7 shall apply.”; (2) in regulation 10, in sub-regulation (3) the proviso shall be omitted; (3) in regulation 11, in sub-regulation (1) for the proviso the following shall be substituted, namely: - “Provided that the scrutinizer shall be appointed not later than twenty-one days before the date of general meeting and notice of the meeting shall provide the information about the scrutinizer, including but not limited to name, qualification, experience and the purpose of appointment.”; (4) in regulation 11A, in sub-regulation (1), in clause (g), the word “and” at the end shall be omitted and thereafter following new clauses shall be added, namely: - “(ga) validate the company’s decision of accepting or rejecting the nomination papers submitted for the election of directors;