Company Law & Procedures Vol II

 

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83rd update dated November 20, 2017

This update covers

-SROs: 559(I)/2016, 979(I)/2017, 1063(I)/2017, 1136(I)/2017 & 1199(I)/2017;

-Pakistan Stock Exchange Limited Regulations; and

-SECP’s Circulars: 27 & 28 of 2017.

-SECP’s Direction: 16 of 2017.

These are briefly explained as follows:–

Part I–Securities & Exchange

       1.     On page 10, SRO 559(I)/2016 dated June 15, 2016 & SRO 1199(I)/2017 dated November 15, 2017 has been reproduced. These are re: Date of enforcement of the Act & Part IV.

       2.     On page 10, SRO 979(I)/2017 dated September 27, 2017 has been reproduced. This is re: International Equity Index.

Part II–SECP

       3.     On pages 74Z(107) onwards, SRO 1063(I)/2017 dated October 18, 2017 has been reproduced. This is re: Jurisdiction Powers of Commissioner and Officers (SMD)

       4.     On pages 74Z(111) onwards, SRO 1136(I)/2017 dated October 30, 2017 has been reproduced. This is re: Jurisdiction Powers of Commissioner and Officers (CCD)

Part IV–CDC & PSX

       5.     On pages 35 onwards, Pakistan Stock Exchange Limited Regulations has been reproduced.

Part V–NBFC’s

       6.     On page 243, SECP’s Circular No. 27 of 2017 dated November 08, 2017 has been reproduced. This is re: Sales Load Being Charged by Collective Investment Schemes.

       7.     On page 243, SECP’s Circular No. 28 of 2017 dated November 14, 2017 has been reproduced. This is re: Customer Due Diligence Know Your Customer Policy.

Part VI–Modarabas

       8.     On page 167, SECP’s Direction No. 16 of 2017 dated July 07, 2017. This is re: Statement of unclaimed or unpaid amounts under section 244 of the Companies Act, 2017.