Archive for June, 2008

REGULATIONS GOVERNING ASSOCIATE MEMBERSHIP OF ISE CLEARING HOUSE PREAMBLE

Posted on June 21, 2008

Whereas in order to provide a reasonable degree of comfort and for maintaining proper risk management in the manner of Carry Over Transaction (COT) conducted by the Non-Member banks, financial institutions and companies the Islamabad Stock Exchange has decided to allow Associate Membership of its Clearing House to the Non-Member approved banking, financial institutions and [...]

COMPANY PROFILE

Posted on June 21, 2008

(For Companies Already Listed at other Exchanges) Name of Company:________________________________________________________ Address (Registered Office): _________________________________________________ Telephone Numbers:________________________________________________________ Mills – Other Addresses:_____________________________________________________ Telephone Numbers:________________________________________________________ Board of Directors:_________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ Auditors:_________________________________________________________________ ________________________________________________________________________ Legal Advisors:____________________________________________________________ ________________________________________________________________________ Bankers:_________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ Registrar of Shares:_________________________________________________________

F O R M – II

Posted on June 21, 2008

FORM FOR SUBMISSION OF UNDERTAKING AND PAYMENT OF FEES* Dated:________________ The Secretary Islamabad Stock Exchange (Guarantee) Limited Islamabad. Re: LISTING ON THE STOCK EXCHANGE With reference to our Listing application under Section 9 of the Securities and Exchange Ordinance, 1969, we enclose herewith the following:- (1) An unconditional undertaking under the Common Seal of the Company [...]

F O R M – I

Posted on June 21, 2008

FORM OF APPLICATION UNDER SECTION 9 OF THE SECURITIES AND EXCHANGE ORDINANCE 1969 FOR LISTING A SECURITY ON STOCK EXCHANGE. Dated:______________ The Secretary Islamabad Stock Exchange (Guarantee) Limited Islamabad. Dear Sir, We hereby apply for the listing of our ________________________________________ on your Stock Exchange. (Name of Company) 2. Necessary information and documents as required in the annexure to [...]

XII. TRANSFER PRICING

Posted on June 21, 2008

No listed company shall use a price other than the arm’s length price except in rare circumstances where, subject to the approval of the Board of Directors and for reasons to be recorded in writing, it is in the interest of the company to do so. The Board of Directors of a listed company shall [...]

AUDIT COMMITTEE

Posted on June 21, 2008

COMPOSITION The Board of Directors of every listed company shall establish an Audit Committee, which shall comprise not less than three members, including the chairman. Majority of the members of the Committee shall be from among the non-executive directors of the listed company and the chairman of the Audit Committee shall preferably be a non-executive [...]

XI. CODE OF CORPORATE GOVERNANCE

Posted on June 21, 2008

BOARD OF   DIRECTORS</strong></p> <ol start=”36″>   <li>All listed companies shall   encourage effective representation of independent non-executive directors,   including those representing minority interests, on their Boards of Directors so   that the Board as a group includes core competencies considered relevant in the   context of each listed company. For the purpose, listed companies may take   necessary steps [...]

X. LISTING AND ANNUAL FEES

Posted on June 21, 2008

A company applying for listing on the Exchange, shall pay an initial listing fee equivalent to 0.1% of the PAID‑UP‑CAPITAL subject to a respective minimum and maximum limit of rupees one hundred thousand or rupees one million as the case may be. Provided that in case of debt instruments or mutual funds, the initial listing [...]

31-D Time Frame for Completion for Requirements

Posted on June 21, 2008

The company shall immediately convey the decision of its Board of Directors to de-list the securities, provided that intimation of such decision to the Exchange shall be supported with a copy of the relevant resolution passed by the Board of Directors in this regard. Within one week of the aforementioned intimation, the company will furnish [...]

31 -C Procedure for voluntary de-listing:-

Posted on June 21, 2008

-C    Procedure for voluntary de-listing: – A formal application shall be made by the company for de-listing supported by reasons thereof and the proposed purchase price along with non- refundable application fee of Rs. 100,000/- (Rupees One Hundred Thousand only) to be paid by the sponsors. On approval by the Exchange of the application, the [...]