Company Law & Procedures Vol II

 

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82nd update dated September 20, 2017

This update covers

-SROs: 425(I)/2017, 451(I)/2017, 691(I)/2017, 701(I)/2017, 750(I)/2017, 751(I)/2017, 756(I)/2017 & 843(I)/2017; and

-SECP Guidelines.

These are briefly explained as follows:–

Part I–Securities & Exchange

       1.     On pages 82AQ, Guidelines for Cooperation and Assistance to Foreign Regulatory Authorities dated August 29, 2017 has been reproduced. This is re: Securities & Exchange Commission of Pakistan Act, 1997.

Part II–SECP

       2.     On pages 74C onwards, SRO 122(I)/2016 dated February12, 2016 has been superseded SRO 750(I)/2017 dated August 02, 2017. This is re: Powers and Functions delegated to the Commissioner (Insurance Division)

       3.     On pages 74Z(79) onwards, SRO 425(I)/2017 dated June 06, 2017 & SRO 451(I)/2017 dated June 07, 2017 respectively has been reproduced. These are re: Powers and Functions of Commissioner SMD.

       4.     On pages 74Z(85) onwards, SRO 691(I)/2017 dated July 21, 2017 has been reproduced. This is re: Powers and Functions of Commissioner CCD.

       5.     On page 74Z(94), SRO 980(I)/2016 dated October 18, 2016 has been superseded by SRO 701(I)/2017 dated July 25, 2017. This is re: Re-allocation of work – Portfolio (Conduct of Business)

       6.     On pages 74Z(95) onwards, SRO 751(I)/2017 dated August 02, 2017 has been reproduced. This is re: Powers and Functions of Commissioner CSD.

       7.     On page 74Z(106), SRO 658(I)/2009 dated July 14, 2009 has been superseded SRO 843(I)/2017 dated August 25, 2017. This is re: Additional Registrars to exercise powers of Registrar

Part III–Listed Companies

       8.     On pages 1 onwards, Public Companies (Employees Stock Option Scheme) Rules, 2001 & Guidelines 2016, has been reproduced.

Part VA–NBFCs & Notified Entities Regulations, 2008

       9.     On pages 7 onwards, NBFCs & Notified Entities Regulations, 2008 has been amended by SRO 756(I)/2017 dated August 03, 2017.