RegAlert2022-09-30
Added · Updated
The Companies (Further Issue of Capital) Regulations, 2020 amended till September 16 2022
The Securities and Exchange Commission of Pakistan establishes regulations governing further issues of capital, including right shares, bonus shares, and employee stock option schemes. For right issues, the document sets specific disclosure and underwriting requirements, prohibits issuance by companies on the PSX defaulter counter, and mandates a 90% minimum subscription threshold if opted for. It also imposes lock-in periods on sponsors and other shareholders for non-right share issuances and defines conditions for issuing shares with differential rights.
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GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, the 16th March, 2020 NOTIFICATION S.R.O 231 (I)/2020.- In exercise of the powers conferred under section 512 read with sections 58, 82, 83 and 83 A 1of the Companies Act 2017 (XIX of 2017), the Securities and Exchange Commission of Pakistan is pleased to notify the following regulations, the same having been previously published in the official Gazette vide Notification No. S.R.O. 33(I)/2020 dated January 15, 2020, as required under proviso to sub-section (1) of the said
section 512, namely:-
CHAPTER 1 PRELIMINARY
- Short Title and Commencement. - (1) These regulations shall be called the Companies
(Further Issue of Shares) Regulations, 2020.
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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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SECP published 3 documents in the last 30 days. We email you each new one the day it's published.