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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PART II
Statutory Notifications (S.R.O.)
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN NOTIFICATION Islamabad, the 11th January, 2017. S.R.O. 16(I)/2017. __ In exercise of powers conferred by sub-section (1) of section 169 read with sections 63, 64, 65, 68 and 69 of the Securities Act, 2015, (Act No. III of 2015), the Securities and Exchange Commission of Pakistan is please to make the following Regulations, the same having been previously published in the official Gazette vide notification No. S.R.O. 588(1)/2016, dated June 30, 2016, as required by sub-section (4) of the said section 169, namely:-
CHAPTER I
PRELIMINARY

Short title and commencement.__ (1) These Regulations shall be called the Share
Registrars and Ballotters Regulations, 2017.
(2) They shall come into force on the date of commencement of part V of the Act. (3) They shall apply to all the Share Registrars and Balloters.
Definitions.
__ (1) In these Regulations, unless there is anything repugnant in the subject or context, – (a) “Act” means the Securities Act, 2015 (Act No III of 2015); (b) “Commission” means the Securities and Exchange Commission of Pakistan established under section 3 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997); (c) “Issue” includes issue of securities through-

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This document amends: Amendments in the Share Registrars and Ballotters Regulations, 2017

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