RegAlertConsultation · SECP · 27 Jun 2019
SRO 658 (I)/2019-Notification of Draft Amendment to Listed Companies (Buy-back of shares) Regulations, 2019
This draft notification proposes amendments to Regulation 11 of the Listed Companies (Buy-back of Shares) Regulations, 2019. It substitutes the phrase "six months" with "three years" in Regulation 11(d) and inserts an explanation stating that the further issue of capital does not include the issue of bonus shares. The Securities and Exchange Commission of Pakistan is publishing these draft amendments for public opinion, accepting comments within fourteen days of the notification date.
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, the 25 th June, 2019 NOTIFICATION SRO 658 (I)/2019.- The following draft amendments to the Listed Companies (Buy-Back of Shares) Regulations, 2019 proposed to be made by the Securities and Exchange Commission of Pakistan in exercise of powers under section 88 of the Companies Act, 2017 (XIX of 2017) read with section 512 thereof, 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 shall be taken into consideration, namely:- DRAFT AMENDMENTS In the aforesaid Regulations, in regulation 11, -
i. in clause (d), words “three years” shall be substituted for word “six months”;
ii. after clause (d), following shall be inserted, namely:-
“Explanation: further issue of capital shall not include issue of bonus shares.” File No. CSD/BBR/124/2018]
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- Definition / condition 3
- background, boilerplate
Lineage: Amended
A newer document in RegAlert amends this one; it applies as amended.
The links and the sentences they come from (3)
- Amended by
“the same having been previously published in the official Gazette vide Notification No. S.R.O. 658 (I)/2019 dated June 25, 2019”
“make the following amendments in the Listed Companies (Buy-Back of Shares) Regulations, 2019, the same having been previously published in the official Gazette vide Notification No. S.R.O. 658 (I)/2019 dated June 25, 2019”
- Issued under
- The Companies Act, 2017 (Act No. XIX of 2017)2017 · PK-LAW
“in exercise of powers under section 88 of the Companies Act, 2017 (XIX of 2017) read with section 512 thereof”
Timeline
Amended 2 times · last 2019-07-26
- 2019-07-26
SECPAmendments in Listed Companies (Buy Back of Shares) Regulations, 2019amends
- 2019-07-25
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