The Companies (Further Issue of Shares) Regulations 2020

The Securities and Exchange Commission of Pakistan establishes regulations governing further issues of shares by companies, including right shares, bonus shares, and employee stock option schemes. The rules mandate specific board approvals, disclosure requirements in offer documents, and underwriting obligations for unsubscribed portions. Recent amendments have adjusted timelines for regulatory review and public comment periods, while also introducing provisions for exit opportunities for dissenting shareholders and restrictions on issuers with regulatory defaults or non-compliance.

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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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Lineage: In force

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Timeline

This document amends: Amendments to the Companies (Further Issue of Shares) Regulations, 2020, Amendments to the Companies (Further Issue of Shares) Regulations, 2020, Amendments to the Companies (Further Issue of Shares) Regulations, 2020, Amendment in the Companies (Further Issue of Shares) Regulations, 2020

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