The Unclaimed Shares, Modaraba Certificates, Dividend, Other Instruments and Undistributed Assets Regulations, 2017

PART II
Statutory Notifications (S. R. O.)
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN NOTIFICATION Islamabad, the 6th October, 2017 S. R. O. 1013(I)/2017. In exercise of the powers conferred by section 512 read with sections 244 and 417 of the Companies Act, 2017,(XIX of 2017), the Securities and Exchange Commission of Pakistan is pleased to make the following regulations, the same having been previously published vide S.R.O. 473(I)/2017, dated June 15th, 2017 as required by proviso to sub￾section (1) of the said section 512, namely:-
CHAPTER I
PRELIMINARY

1. Short title, extent and commencement.- (1) These regulations shall be called
   the Unclaimed Shares, Modaraba Certificates, Dividend, Other Instruments and Undistributed Assets Regulations, 2017. (2) They shall come into force at once.
2. Definitions.- (1) In these regulation, unless the context otherwise requires-
   (a) “Account” means the Companies Unclaimed Instruments and Dividend and Insurance Benefits and Investors Education Account as notified by the Minister in-charge of Federal Government in terms of sub-section (3) of
   section 244 of the Act;
   (b) “Act” means the Companies Act, 2017 (Act No. XIX of 2017); (c) “Bank” means the State Bank of Pakistan or National Bank of the Pakistan as notified by the Minister-in-Charge of the Federal Government under sub￾section (3) of section 244 of the Act;