Consultation · SECP · 27 Jan 2020
The Securities and Exchange Commission of Pakistan has published a draft amendment to the Associations with Charitable and Not for Profit Objects Regulations, 2018, for public consultation. The proposed change substitutes the phrase "(other than nominee director)" with "(other than nominee director and Independent director)" in regulation 10, sub-regulation (2), clause (ii). Comments on this draft must be submitted within fourteen days of the notification date of January 27, 2020.
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, the 27 th January, 2020 NOTIFICATION S. R. O. 48(I)/2020.- The draft amendment to the Associations with Charitable and Not for Profit Objects Regulations, 2018 (the Regulations) proposed to be made by the Securities and Exchange Commission of Pakistan, in exercise of powers conferred by section 512 of the Companies Act, 2017, are hereby published for eliciting public opinion thereon and notice is hereby given that comments, if any, received within fourteen days of the date of this notification will be taken into consideration by the Securities and Exchange Commission of Pakistan, namely:- DRAFT AMENDMENT In the aforesaid Regulations, in regulation 10, in sub-regulation (2) in clause (ii) for the expression “(other than nominee director)”, the expression “(other than nominee director and Independent director)” shall be substituted. [File No. CLD/CCD/PR(14)2017]
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“the same having been previously published in the official Gazette vide notification S.R.O 48 (I)/2020 dated January 27, 2020”
“The draft amendment to the Associations with Charitable and Not for Profit Objects Regulations, 2018 (the Regulations) proposed to be made by the Securities and Exchange Commission of Pakistan”
Amended 1 time · last 2020-03-04
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