Archive for the Listing Regulations Category

Quality of Audit

Posted on June 21, 2008

-A All listed companies shall facilitate the Quality Control Review (QCR) of the audit working papers of practicing chartered accountants, carried out by the Institute of Chartered Accountants of Pakistan (ICAP) and, therefore, shall authorize their auditors to make available all the relevant information including the audit working papers to the QCR Committee of ICAP. [...]

VIII. LISTING OF SUBSIDIARY COMPANY & OTHER MATTERS

Posted on June 21, 2008

A listed company distributing shares of its unlisted subsidiary company in the form of special dividend, right shares or any similar distribution shall get such subsidiary company listed on the Exchange within a period of 120 days from the date of approval of such distribution by the shareholders at a meeting of such company. In [...]

VI. ANNUAL GENERAL MEETINGS, ETC.

Posted on June 21, 2008

A listed company shall hold its Annual General meeting and lay before the said meetings Balance Sheet and Profit & Loss Account within four months following the closure of its financial year. Each Modarba shall hold an annual review meeting of its certificate holders and lay before the said meeting its financial statements within four [...]

V. DIVIDENDS AND ENTITLEMENTS

Posted on June 21, 2008

  Every listed company shall advise and keep advised by appropriate writings the Exchange of all dividends and entitlement in respect of its listed securities immediately upon recommendations by its directors through a letter to be delivered under a sealed cover during trading hours of the Exchange. Listed companies, holding their board meetings outside Islamabad, [...]

IV. PROSPECTUS, ALLOTMENT, ISSUE & TRANSFER OF SHARES

Posted on June 21, 2008

No Company will apply for listing or be listed unless it is registered under the Ordinance as a public limited company or has been setup under a statute and its minimum paid-up capital is Rs. 20 million. Companies registered in Northern areas and Azad Jammu & Kashmir will be eligible for listing and will be [...]

III. UNDERTAKING

Posted on June 21, 2008

(1) No listing of a company, securities shall be permitted unless the company or the authorized representative on behalf of the securities has provided an undertaking under a common seal and authorized signature to abide by these Regulations. (2) The Company and/or the authorized representative in respect of securities, as the  case may be, shall [...]

II. LISTING OF COMPANIES & SECURITIES

Posted on June 21, 2008

  (1) No dealings in securities of a company shall be allowed on the Exchange, either on the Ready Quotation Board or Cleared List, unless the company or the securities have been listed and permission for such dealing has been granted in accordance with the Regulations. The permission under Sub‑Regulation (I) may be granted upon [...]

I. PRELIMINARY

Posted on June 21, 2008

1. Short title and extent of applicability:  These Regulations may be called “Listing Regulations of the Islamabad Stock Exchange (Guarantee) Limited” The Regulations shall apply to all companies, and securities applying for listing and those listed on the Exchange. 2. In the Regulations, unless there is anything repugnant in the subject or context; “Commission” means [...]