SECP notifies Regulations regarding further issue of shares

Islamabad.- June 22, 2018- The Securi­ties and Exchange Comm­ission of Pakistan (SECP) has notified draft regulations regarding further issue of shares by companies. Currently, companies issuing shares by way of right issue, bonus issue, other than right, shares having differential rights & privileges, shares at discount or employee stock option schemes are required to comply with the requirements of the Companies Act, 2017. However, for right issue and bonus issue by listed companies, in addition to requirements of Act, compliance with applicable requirements of Companies (Issue of Capital) Rules, 1996 and Guide on issue of shares otherwise than right is mandatory.