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 fee shall be charged at the rate of 1/25th of 1% of the total value of such instrument/fund subject to a maximum of Rs. 200,000/-
- Whenever a listed company increases the paid‑up‑capital of any class or class of its shares, or securities listed on the Exchange, it shall pay to the Exchange a fee equivalent to 0.1% of such increase.
- Every listed company shall pay, in respect of each financial year of the Exchange, commencing from 1st July and ending on the 30th June next, an annual listing fee, which shall be payable by or before 30th September in each calendar year, as per following Schedule:
Provided that the issuers of debt instruments would be required to pay a flat amount of Rs. 10,000/- irrespective of the size of the total issue
Provided that the Board may revise the above fees or any of the slabs or add new slabs with the approval of the Authority.
Provided further that every company applying for listing shall pay annual listing fee for the entire financial year of the Exchange along with the listing application irrespective of the date of its listing during that financial year.
- The above listing fee or any other sum fixed by the Board shall be payable by 30th September in advance for every financial year.
- Failure to pay the annual fee by 30th September shall make the company liable to pay a surcharge at the rate of 1.5% (one and a half percent) per month or part thereof, until payment. However, if reasonable grounds are adduced for non or delayed payment of annual fee, the Exchange may, reduce or, waive the surcharge liability.
- A company, applying for enlistment on the Exchange shall, in addition to other fees, pay a sum of Rs. 10,000/‑ as service charges.
- All Exchange dues shall be paid by, cheques, pay orders or bank drafts payable to the Exchange at any bank branch located in Islamabad.
- Without prejudice to the action with the Exchange may take under these Regulations in the event of default in payment of its dues, nothing shall prevent the Exchange from recovering such dues through posting defaulters names on the notice board of the Exchange or by invoking the process of law and obtaining order of a competent court.
- Without prejudice to various specific or other penalties provided or available under these Regulations the Exchange shall have powers to suspend, or de-list a company or place it on the "Defaulters’ Counter"
which in the opinion of the Exchange, such company has defaulted or contravened any Listing Regulations; - The suspension of delisting under the preceding sub‑regulation shall be communicated to the company and simultaneously notified to the trade, inter alia, by posting it on the notice board of the Exchange and publishing it, if deemed necessary, in the official Quotation List or a Circular or intimation issued by the Exchange
- Trading in the shares and securities of the suspended or delisted company shall forthwith cease and shall not be recommenced until the suspension is withdrawn or the listing restored by order of the Board.
