Regulatory Alerts2024-06-03
Added · Updated
The Share Registrars and Ballotters Regulations 2017
The Securities and Exchange Commission of Pakistan establishes licensing requirements, functions, and obligations for share registrars and balloters. Entities must hold a valid license, maintain a minimum paid-up capital of three million rupees, and ensure their chief executives possess specific professional qualifications and experience. Licensed entities are mandated to conduct balloting, maintain allotment registers, handle investor complaints, and submit detailed reports on public offerings to the Commission within thirty days of issue closure.
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