SECP amends Companies Act 2017 to include securities brokers in new subclause

MG News | July 24, 2024 at 11:21 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 24, 2024 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has inserted a new subclause pertaining to securities brokers in the Third Schedule of the Companies Act 2017 under the subclause for Non-listed Companies.

"Securities brokers having a license in the Trading and Self Clearing or Trading and Clearing categories, and holding custody of customers' assets as well as being a Professional Clearing Member."

This is inserted after subclause (ii), titled 'Non-listed Company registered and/or licensed under the Administered Legislation or Rules, or regulations made thereunder.

The SECP took this action in exercise of the powers conferred by sub-section (2) of section 507 of the Companies Act 2017 (XIX of 2017).

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,478.94 174.95M	-0.41% -696.57
ALLSHR	102,885.54 725.60M	-0.29% -297.60
KSE30	50,877.61 79.52M	-0.67% -344.88
KMI30	243,917.86 73.26M	-0.62% -1524.88
KMIALLSHR	66,743.35 311.96M	-0.35% -234.16
BKTi	46,317.47 21.24M	-0.81% -377.00
OGTi	35,218.63 5.39M	-1.33% -473.03

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,895.00	62,405.00 59,600.00	380.00 0.63%
BRENT CRUDE	92.78	95.90 92.67	-2.25 -2.37%
RICHARDS BAY COAL MONTHLY	122.00	122.00 121.00	-0.75 -0.61%
ROTTERDAM COAL MONTHLY	134.35	138.25 134.00	0.30 0.22%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	90.25	93.63 89.68	-2.79 -3.00%
SUGAR #11 WORLD	14.12	14.50 14.09	-0.15 -1.05%