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

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

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	163,018.66 138.30M	0.05% 81.72
ALLSHR	98,973.80 403.59M	0.17% 164.66
KSE30	49,460.79 51.40M	0.03% 14.97
KMI30	233,011.03 39.62M	0.13% 295.18
KMIALLSHR	64,476.20 200.81M	0.14% 88.53
BKTi	44,076.19 19.45M	0.29% 129.30
OGTi	32,306.98 7.87M	0.17% 56.15

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,945.00	88,150.00 81,485.00	-2495.00 -2.89%
BRENT CRUDE	62.35	63.02 62.26	-1.03 -1.63%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.10 0.12%
ROTTERDAM COAL MONTHLY	96.25	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	57.89	58.80 57.81	-1.11 -1.88%
SUGAR #11 WORLD	14.68	14.80 14.58	0.02 0.14%