listedrules

Listedrules - THE LISTING REGULATIONS OF THE KARACHI STOCK EXCHANGE(GUARANTEE LIMITED(As amended on and sent for Gazette Notification I N D E X

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THE LISTING REGULATIONS OF THE KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED (As amended on August 23, 2010 and sent for Gazette Notification)
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i I N D E X CHAPTER REGULATIONS CONTENTS PAGE NO. I 1 & 2 PRELIMINARY 1 II 3 & 4 3 III 5 & 6 UNDERTAKING 4 IIIA 6A OFFER OF CAPITAL BY COMPANIES/ 4 MODARABAS TO THE PUBLIC IV 7 to 15 PROSPECTUS, ALLOTMENT, ISSUE & 5 TRANSFER OF SHARES V 16 to 19 DIVIDENDS AND ENTITLEMENTS 7 VI 20 & 21 ANNUAL GENERAL MEETINGS, ETC. 8 VII 22 to 24 INCREASE OF CAPITAL & ALLIED ISSUES 9 VIII 25 to 29 LISTING OF SUBSIDIARY COMPANY & 10 OTHER MATTERS IX 30 & 31 DE-LISTING, SUSPENSION AND 12 DEFAULTERS’ COUNTER X 32 to 34 LISTING AND ANNUAL FEES 18 XI 35 CODE OF CORPORATE GOVERNANCE 19 XII 36 COMPLIANCE WITH THESE REGULATIONS 31 APPENDICES 1. DOCUMENTS TO BE SUBMITTED WITH LISTING APPLICATION 32 2. CRITERIA/GUIDELINES FOR LISTING OF COMPANIES ON THE EXCHANGE 40 3. THE COMPANIES (ISSUE OF CAPITAL) RULES, 1996 41 4. ISSUE/OFFER OF SHARES THROUGH BOOK BUILDING 45
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1 THE LISTING REGULATIONS OF THE KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED I. PRELIMINARY 1. Short title and extent of applicability: (1) These Regulations may be called the “Listing Regulations of the Karachi Stock Exchange (Guarantee) Limited.” 2. The Regulations shall apply to all companies, and securities applying for listing and those listed on the Exchange. ` 2. (1) In the Regulations, unless there is anything repugnant in the subject or context: (i) “Bid Collection Centre”, means pre-determined places where applications for bidding of shares are collected by the Book Runner on behalf of the Issuer/Offeror and may include offices of Corporate Brokerage Houses, Schedule Banks, Development Financial Institutions and Investment Finance Companies, subject to appointment of these institutions as agent by the Book Runner through an agreement in writing for the purpose, with the consent of the Issuers/Offerer; (ii) “Bidding Period”, means the period during which bids for subscription of shares will be made by Institutional Investors and HNWI; (iii) “Board” means the Board of Directors of the Exchange; (iv) “Book Building”, means a mechanism of price determination through which indication of interest for investment in the shares offered by an issuer/offeror is collected from Institutional Investors and HNWI and a book is built which gives a picture of demand for the shares at different price levels. The strike price is determined based on the price at which demand for the share at the end of book building period is sufficient to raise the minimum capital required; (v) “Book Building Offer”, means the offer made under the Book Building process; (vi) “Book Runner”, means a Corporate Brokerage House, appointed as Book Runner by the Issuer/Offeror; (vii) “CDC” means the Central Depository Company of Pakistan Limited; (viii) “CDS” means the Central Depository System established and operated by the Central Depository Company of Pakistan Limited;
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This note was uploaded on 03/19/2012 for the course LAW 300 taught by Professor Anumsaleem during the Spring '12 term at Alvin CC.

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Listedrules - THE LISTING REGULATIONS OF THE KARACHI STOCK EXCHANGE(GUARANTEE LIMITED(As amended on and sent for Gazette Notification I N D E X

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