Text Box: Company Law & Procedures Vol I 
 
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01st update dated September 20, 2017
This update covers
-SROs: 546(I)/2017, 547(I)/2017, 704(I)/2017, 705(I)/2017, 747(I)/2017 to 749(I)/2017, 794(I)/2017, 836(I)/2017 & 838(I)/2017;
-SECPís Circular: 15, 17, 18 & 19 of 2017; and
-ICAPís: Circular: 9 to 12 & 14 of 2017 and QCR rating list of CA firms.
These are briefly explained as follows:Ė
Part I Ė Companies Ordinance, 1984
1.     On page I-346A, SRO 1024(I)/2016 dated November 02, 2016 has been amended by SRO 747(I)/2017 dated August 01, 2017. This is re: Companies (Compliance with Licensing Conditions) General Order. 2016.
Part AI Ė Companies Act, 2017
2.     On page AI-162(1), the updated list as on September 05, 2017 has been reproduced for CA Firms having satisfactory QCR rating.
3.     On page AI-162(3), SECPís Circular No. 15 of 2017 dated June 08, 2017 has been reproduced. This is re: Exemption from requirement of National Tax Number.
4.     On page AI-162(3), SECPís Directive No. 16 of 2017 dated July 07, 2017 has been reproduced. This is re: Statement of unclaimed or unpaid amounts.
5.     On page AI-162(3), SECPís Circular No. 17 of 2017 dated July 20, 2017 has been reproduced. This is re: Preparation and Filing of Financial Statements.
6.     On page AI-162(4), ICAPís Circular No. 10 of 2017 dated July 20, 2017 has been reproduced. This is re: Clarification on the auditor's reports on the statutory financial statements.
7.     On page AI-162(4), SECPís Circular No. 18 of 2017 dated August 01, 2017 has been reproduced. This is re: Relaxation regarding payment of cash dividends through electronic mode by listed companies.
8.     On page AI-162(4), ICAPís Circular No. 09 of 2017 dated July 07, 2017 has been reproduced. This is re: Request for comments on adoption of changes in Code of Ethics relating to Sections 226 & 360 'Responding to Non Compliance with Laws and Regulationsí.
9.     On page AI-162(5), ICAPís Circular No. 11 of 2017 dated July 25, 2017 has been reproduced. This is re: Revised ATR 17 Auditors' Report to the Trustees/Board of Governors/ Management Committee.
10.  On page AI-162(6), ICAPís Circular No. 12 of 2017 dated August 01, 2017 has been reproduced. This is re: Clarification on the Auditor's Report on the Financial Statements of the Mutual Fund.
11.  On page AI-162(6), ICAPís Circular No. 14 of 2017 dated August 07, 2017 has been reproduced. This is re: Consideration of Applicable Laws and Regulations.
12.  On page AI-298(1), SRO 546(I)/2017 dated June 21, 2017 has been reproduced. This is re: Companies Global Register of Beneficial Ownership.
13.  On page AI-298(3), SECPís Circular No. 19 of 2017 dated August 11, 2017 has been reproduced. This is re: Extension in time period for compliance with the requirements of section 452(4) of the Companies Act, 2017.
14.  On page AI-412 onwards, Seventh Schedule has been amended by SRO 794(I)/2017 dated August 10, 2017.
Part III Ė Rules and Regulations
15.  On pages III-147 onwards, Issue of Sukuk Regulations, 2015 vide SRO 112(I)/2015 dated February 06, 2015 has been repealed by SRO 836(I)/2017 dated August 21, 2017. This contains new Issue of Sukuk Regulations, 2017.
16.  On pages III-177 onwards, SRO 709(I)/2015 dated June 27, 2015 has been amended by SRO 748(I)/2017 dated August 01, 2017. This is re: Research Analyst Regulations, 2015.
17.  On pages III-308(1) onwards, Guidelines for Internal Control System and Compliance Function for Securities Brokers dated August 31, 2017 has been reproduced. This is re: Securities Brokers (Licensing and Operations) Regulations, 2016.
18.  On pages III-413 onwards, SRO 296(I)/2017 dated May 02, 2017 has been amended by SRO 838(I)/2017 dated August 23, 201. This contains the Public Offering Regulations, 2017.
19.  On pages III-473 onwards, SRO 547(I)/2017 dated June 22, 2017 has been reproduced. This contains the new Futures Exchange (Licensing and Operations) Regulations, 2017.
20.  On pages III-489 onwards, SRO 704(I)/2017 dated July 26, 2017 has been reproduced. This contains the new Companies (Incorporation) Regulations, 2017.
21.  On pages III-511 onwards, SRO 705(I)/2017 dated July 26, 2017 has been reproduced. This contains the new Intermediaries (Registration) Regulations, 2017.
22.  On pages III-529 onwards, SRO 749(I)/2017 dated August 01, 2017 has been reproduced. This contains the new Listed Companies (Substantial Acquisition of Voting Shares & Takeovers) Regulations, 2017.