I. PRELIMINARY

Posted on June 21, 2008

1. Short title and extent of applicability: 

  1. These Regulations may be called “Listing Regulations of the Islamabad Stock Exchange (Guarantee) Limited”
  2. 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;

  1. “Commission” means the Securities and Exchange Commission of Pakistan:
  2. . “Board” means the Board of Directors of the Exchange;
    1. “CDC” means the Central Depository Company of Pakistan Limited;
    2. “CDS” means the Central Depository System established and operated by the Central Depository Company of Pakistan Limited;
    3. “Eligible Security” means a security which CDC has declared to be eligible for deposit with the CDC;
  3. “Exchange” means the Islamabad Stock Exchange (Guarantee) Limited;
  4. “Listed Company” means a company or a body corporate or other body which has been listed in accordance with the Regulations and whose securities are listed and include a provisionally listed company under these Regulations for trading in provisionally listed companies of the Exchange:
  5. “Listed Security” shall include any share, scrip, debentures, participation term certificate, modaraba certificate, mushariqa certificate, term finance certificate, bond, pre‑organization certificate or such other instruments as the Federal Government may, by notification in the Official Gazette, specify for the purpose and which is accepted for listing on the Stock Exchange in accordance with the Regulations;
  6. “Ordinance” means the Companies Ordinance, 1984 (XLVII of 1984);
  7. “Prescribed” means prescribed by these Regulations or under authority

        hereof;

  8. “Regulations” means these Listing Regulations of the Exchange for the time

        being in force;

  9. “Secretary” means the Secretary of the Exchange;
  10. “Securities & Exchange Ordinance” means the Securities & Exchange

        Ordinance, 1969 (XVII of 1969).

(2) Words or expressions defined in the Ordinance and the Securities & Exchange Ordinance shall, except those defined herein or where the subject or the context forbids, bear the same meanings as in those Ordinances or either of them and in the case of word or expression bears different meanings under both the Ordinances, that meaning which is carried or included in the Companies Ordinance, 1984 shall prevail and have preferred application.

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