Regulatory Alerts2022-09-30
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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