Text Box: Company Law & Procedures Vol I 
 
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02nd update dated November 20, 2017
This update covers
-SROs: 840(I)/2017, 1007(I)/2017, 1008(I)/2017, 1013(I)/2017, 1064(I)/2017, 1145(I)/2017, 1168(I)/2017, 1169(I)/2017 & 1190(I)/2017;
-SECP’s Circular: 20, 22, 23 to 25 of 2017; and
-ICAP’s: Circular: 16, 17 & 18 of 2017 and QCR rating list of CA firms.
These are briefly explained as follows:–
Part AI – Companies Act, 2017
1.     On page AI-162(1), the updated list as on November 01, 2017 has been reproduced for CA Firms having satisfactory QCR rating.
2.     On page AI-162(7), ICAP’s Circular No. 16 of 2017 dated October 02, 2017 has been reproduced. This is re: IFRS 15 Revenue from Contracts with Customers International Guidance Material / Publications Web page.
3.     On page AI-162(8), SECP’s Circular No. 23 of 2017 dated October 04, 2017 has been reproduced. This is re: Preparation of Financial Statements.
4.     On page AI-162(8), SRO 1007(I)/2017 dated October 04, 2017 has been reproduced. This is re: International Financial Reporting Standards (IFRSs).
5.     On page AI-162(8), SRO 1008(I)/2017 dated October 05, 2017 has been reproduced. This is re: Extension for submission of statement of unclaimed or unpaid amount.
6.     On page AI-162(9), ICAP’s Circular No. 17 of 2017 dated October 06, 2017 has been reproduced. This is re: Clarification on SECP’s Circular No. 23 'Preparation of Financial Statements’.
7.     On page AI-162(9), ICAP’s Circular No. 18 of 2017 dated October 11, 2017 has been reproduced. This is re: Invitation to comment on the new Leases Standard: IFRS 16.
8.     On page AI-162(10), SECP’s Circular No. 24 of 2017 dated October 19, 2017 has been reproduced. This is re: Transmission of Annual and Quarterly Financial Statements of Listed Companies to the Commission.
9.     On page AI-172(1), SRO 840(I)/2017 dated August 17, 2017 has been reproduced. This is re: Public interest companies, large sized companies and medium sized companies.
10.  On page AI-381 onwards, alterations in the Third, Fourth and Fifth schedules has been made by SRO 1169(I)/2017 dated November 07, 2017.
Part III – Rules and Regulations
11.  On pages III-182(1) onwards, SECP’s Circular No. 22 of 2017 dated September 25, 2017 has been reproduced. This is re: Extension in Research Analyst certification timeline.
12.     On page III-307, Regulation 35 has been amended by SRO 1168(I)/2017 dated November 07, 2017. This is re: Appointment of auditor and related matters.
13.     On pages III-308(21) onwards, SECP’s Circular No. 20 of 2017 dated August 30, 2017 has been reproduced. This is re: Unauthorized deposit taking by securities brokers including their representatives and agents.
14.     On pages III-308(22) onwards, SECP’s Circular No. 25 of 2017 dated October 31, 2017 has been reproduced. This is re: Illegal/Un-registered Agents and Branch Office(s) Of Securities Brokers.
15.     On pages III-561 onwards, SRO 1013(I)/2017 dated October 06, 2017 has been reproduced. This contains the new Unclaimed Shares, Modaraba Certificates, Dividend, Other Instruments and Undistributed Assets Regulations, 2017.
16.     On pages III-569 onwards, SRO 1064(I)/2017 dated October 18, 2017 has been reproduced. This contains the new Bond Pricing Agency Rules, 2017.
17.     On pages III-603 onwards, SRO 1145(I)/2017 dated November 06, 2017 has been reproduced. This contains the new Companies (Distribution of Dividends) Regulations, 2017.
18.     On pages III-611 onwards, SRO 1190(I)/2017 dated November 15, 2017 has been reproduced. This contains the new Shariah Advisors Regulations, 2017.