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	171,153.17 162.52M	0.16% 268.58
ALLSHR	103,477.03 691.59M	0.17% 179.80
KSE30	50,901.99 58.56M	0.04% 18.99
KMI30	243,765.66 75.35M	0.26% 626.41
KMIALLSHR	67,087.03 368.61M	0.16% 107.81
BKTi	47,614.72 15.03M	-0.06% -27.39
OGTi	34,853.92 4.57M	-0.80% -282.58

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	85,945.00	86,455.00 80,410.00	4615.00 5.67%
BRENT CRUDE	99.51	104.90 98.98	-4.36 -4.20%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.10 4.92%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	1.45 1.06%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	91.76	97.22 91.30	-4.32 -4.50%
SUGAR #11 WORLD	18.45	18.60 18.15	0.21 1.15%