oo
‘ x SECURITIES & EXCHANGE COMMISSION OF PAKISTAN
(Commission's Secretariat)
sree
EMO/Misc/D11/2009-45 22 July, 2014
Subject: Amendment inthe Sixth Sch the Companies Ordinance, 1984
Enclosed is $.R.0. notification on the above subject for publication in Part-il of the Gazette of
Pakistan, Extraordinary with the request to send SO printed copies to the undersigned. Payment will
4
Bau
be made on receipt of ill
Bushra Asiam
Secretary to the Commission
Encl: As Above :
‘The Manager, OX :
Printing Corporation of Pakistan Press, SS of
Islamabad Vv ae
YS!
fy :
9Government of Pakistan
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
NOTIFICATION
Islamabad, the 22% July, 2014
SRO_6BS (1)/2014. - In exercise of powers conferred by section 505 of the
Companies Ordinance, 1984 (XLVII of 1984), read with clause (c) of section 43 of the
Securities and Exchange Commission of Pakistan Act, 1997, (XLII of 1997] and SRO No.698
(N)/86, dated 2” July 1986, the Securities and Exchange Commission of Pakistan is hereby
pleased to make the following amendment in the Sixth Schedule to the sald Ordinance,
namely:-
For Clause |, for sub-clause (3) the following shall be substituted, namely,-
“For registration of an increase in share capital made after the first registration of the
company, an amount equal to the difference between the amount which would have
been payable on registration of the company by reference to its capital as increased and
the amount which would have been payable by reference to its capital immediately
before the increase, calculated at the rates given under clause 2:
Provided that no such fee shall be applicable on registration of an increase in
authorized share capital of a transferee company after merger consequent to sanction
of application for compromises, arrangements or reconstruction for merger of
companies by the Court pursuant to Section 284 to 287 of the Ordinance, to the extent
of aggregate of authorized capital of the transferor and transferee companies.
“explanation” For the purpose of calculation of fee for registration of an increase in the
share capital of the company which was originally formed on the basis of physical
business now opting online submission, the difference of fee shall be calculated on the
basis of rates applicable to a company treating as formed on online submission.”.
Q
ne
(Bushra Aslam)
Secretary to the Commission
F.No, EMD/Mise/D1I/2009-49