Company Law & Procedures Vol II

 

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87th update dated August 15, 2018

This update covers

-SROs: 575(I)/2018, 767(I)/2018, 884(I)/2018 & 885(I)/2018; and

-SECP’s Circulars: 05, 9, 10, 12, 14 & 15 of 2018.

 

These are briefly explained as follows:–

Part II–SECP

       1.     On pages 74Z(85) onwards, SRO 691(I)/2017 dated July 21, 2017 & SRO 1136(I)/2017 dated October 30, 2017 have been superseded by SRO 575(I)/2018 dated May 04, 2018. This is re: Jurisdiction of Commissioner (CCD).

       2.     On page 74Z(137), SRO 767(I)/2018 dated June 13, 2018 has been reproduced. This is re: Jurisdiction of Commissioner (CSD) & CLD.

       3.     On page 74Z(137), SRO 884(I)/2018 dated July 17, 2018 has been reproduced. This is re: Jurisdiction of Commissioner (SCD) REIT.

       4.     On page 74Z(138), SRO 885(I)/2018 dated July 17, 2018 has been reproduced. This is re: Jurisdiction of Commissioner (SCD) CCG.

       5.     On page 74Z(139), SECPs Circular No. 14 of 2018 dated July 11, 2018 has been reproduced. This is re: Corporate Social Responsibility - Contribution towards construction of Dams.

Part V–NBFCs

       6.     On page 234, Circular No. 40 of 2016 dated December 30, 2016 has been amended by SECP’s Circular No. 5 of 2018 dated June 04, 2018. This is re: Conditions for Charging of Selling and Marketing Expenses to Mutual Funds.

       7.     On page 245, Circular No. 10 of 2018 dated July 03, 2018 has been reproduced. This is re: Mandatory certification for the professionals of Capital Market.

       8.     On page 245, Circular No. 12 of 2018 dated July 10, 2018 has been reproduced. This is re: Mandatory certification for the professionals of NBFCs.

       9.     On page 246, Circular No. 15 of 2018 dated July 17, 2018 has been reproduced. This is re: Risk Management and Control Guidelines for Asset Management Companies.

Part VI–Modarabas

       10.   On page 168, Circular No. 09 of 2018 dated July 03, 2018 has been reproduced. This is re: Mandatory certification for the professionals of Modarabas.