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Balloters, Transfer Agents And Underwrites Rules, 2001

 

Rules

Contents

 

1

Short title and commencement

 

2

Definitions

 

3

Restriction on acting as balloter, transfer agent or underwriter

 

4

Conditions for acting as balloter, transfer agent or underwriter

 

5

Contractual arrangements mandatory

 

6

General obligations

 

7

Relaxation of rules

 

 

Balloters, Transfer Agents And Underwrites Rules, 2001

27th June, 2001

In exercise of the powers conferred by section 33 of the Securities and Exchange Ordinance, 1969 (XVII of 1969), read with clause (b) of section 43 of the securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997), and in pursuance of section 32C of the said Ordinance, the Securities and Exchange Commission of Pakistan, with the approval of the Federal Government, hereby makes the following rules, namely:–

1. Short title and commencement.

(1) These rules may be called the Balloters, Transfer Agents and Underwriters Rules, 2001.

(2) They shall come into force at once.

2. Definitions.

(1) In these rules, unless there is anything repugnant in the subject or context, –

(a) 'Act' means the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997);

(b) 'Company' means a company as defined in the Companies Ordinance, 1984 (XLVII of 1984);

(c) 'Ordinance' means the Securities and Exchange Ordinance, 1969 (XVII of 1969);

(2) All words and expressions used but not defined in these rules shall have the same meaning as in the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Companies Ordinance 1984) XLVII of 1984), or the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997).

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