Regulatory Alerts2020-03-18
Added · Updated
The Companies (Further Issue of Shares) Regulations, 2020
These regulations establish comprehensive conditions for listed and public companies issuing further shares, including right issues, bonus shares, non-right offers, shares with differential rights, and Employee Stock Option Schemes. They mandate specific board approvals, disclosure requirements, underwriting obligations, and reporting timelines to the Securities and Exchange Commission of Pakistan. The document repeals the 2018 regulations and imposes penalties for contravention, while allowing immediate commencement except for issues announced prior to the notification date.
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