On 25 February 2018 Badar Limited (BL), in a move to list its shares on Pakistan...

 

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On 25 February 2018 Badar Limited (BL), in a move to list its shares on Pakistan Stock Exchange, received approval from the Commission for the publication of prospectus. Under the provisions of the Securities Act, 2015 advise BL with regard to the publication of the prospectus in the newspaper and its placement on the company's website. Under the provisions of the Companies Act, 2017 describe the circumstances in which the registrar has the power to make entries of satisfaction and release of charge in the register of mortgages and charges without intimation from the company. On 25 February 2018 Badar Limited (BL), in a move to list its shares on Pakistan Stock Exchange, received approval from the Commission for the publication of prospectus. Under the provisions of the Securities Act, 2015 advise BL with regard to the publication of the prospectus in the newspaper and its placement on the company's website. Under the provisions of the Companies Act, 2017 describe the circumstances in which the registrar has the power to make entries of satisfaction and release of charge in the register of mortgages and charges without intimation from the company.

Answer rating: 100% (QA)

Regarding your question about the Securities Act 2015 I cannot give specific advice for Pakistan as ... View the full answer