RegAlert2025-09-19
Added · Updated
The Companies (Further Issue of Shares) Regulations, 2020
These regulations establish the procedural and disclosure requirements for listed companies issuing further shares, including right issues, bonus shares, and employee stock option schemes. Key provisions mandate board approval notifications, underwriting obligations for unsubscribed portions, and strict timelines for submitting draft offer documents to the Securities and Exchange Commission of Pakistan and the Pakistan Stock Exchange. The rules also define specific conditions for issuing shares at a discount, utilizing ASBA facilities, and providing exit opportunities to dissenting shareholders if the purpose of proceeds utilization changes.
SECP published 3 documents in the last 30 days — get each new one by email the day it lands.
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.