SECP amends regulations to greatly facilitate SMEs and Startups

ISLAMABAD, November 23: The SECP has introduced amendments in the Companies (Further Issue of Shares) Regulations, 2020 to address the impediments faced by the corporate sector, particularly startups and small companies, in raising equity through conventional modes. Key changes include permission to convert one class of shares into another class, issuance of shares with differential rights without approval of the SECP, and specification of mechanism for valuation of non-cash assets.