EnglishFrenchPortugueseRussianUrdu

Monopoly Control Authority (Net Worth of Stocks and Shares)

Rules, 1977

27th September, 1977

S.R.O  903 (1) / 77 – In pursuance of subsection (2) of section 12 of the Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance, 1970 (V of 1970) and in exercise of the powers conferred on it under section 24 of the said Ordinance that Monopoly Control Authority thereby makes the following rules:-

1. (1) These Rules may he called the Monopoly Control Authority (Net Worth of Stocks and Shares) Rules, 1977.

(2) They shall come into force at once.

2. Definitions – In these Rules unless there is anything repugnant in the subject or context,

(a) ‘countable capital’ means the paid up capital of a company as reduced by the aggregate of the paid up value of preference shares and of such other stocks and shares to which no voting power is attached.

(b) ‘free reserves’ means all reserves plus unappreciated profit of a company exclusing the following reserves, namely:

(i) Reserve created on revaluation of fixed assets.

Print Friendly, PDF & Email

Related Case Law