Stock Exchange and Money Loundring
WHAT IS PROCEDURE TO ISSUE THE SHARES AND ITS STATE PURCHASE?
W
hen a company needs to increase its capital in other words when a company needs
investment for its special projects or to vast its business, then company issues the shares. Issuing shares means getting investment from public in order to increase capital. Before a company issues its shares, it must be registered in stock exchange and must fulfill the requirements of stock exchange and those requirements are: 1. Application for listing as per Form-I 2. An undertaking as per Form-II 3. Undertaking as per annexure to Form-III pertaining to issue of security, computerized transfer deeds, verification of signatures on transfer deeds. 4. Memorandum & articles of association 5. Copy of certificate of incorporation 6. Copy of certificate of commencement of business 7. Copy of authorization for floatation of Modaraba by the registrar of Modaraba companies 8. 15 copies of draft prospectus/ offer for sale document 9. Detailed particulars of security for which listing is sought 10. Copy of approval of prospectus/ offer for sale document from SECP (to be submitted after clearance of prospectus/ offer for sale by SECP) 11. Copies of prospectus issued by the company in respect of any security already listed on any stock exchange 12. Copy of the feasibility report, in case of new project 13. A brief history of the company since incorporation giving details of its activities including any re-organization , changes in its capital structure and borrowings 14. Statement showing the cost of project and means of finance 15. Name of directors along with directorship of other companies listed on the exchange
16. Name and addresses of the directors and persons holding ten percent or more of any class of equity security as on the date of application together with the number of shares or debentures held by each. 17. Auditors certificate for amount subscribed by the promoters/ directors/ associates 18. Copies of
W
hen a company needs to increase its capital in other words when a company needs
investment for its special projects or to vast its business, then company issues the shares. Issuing shares means getting investment from public in order to increase capital. Before a company issues its shares, it must be registered in stock exchange and must fulfill the requirements of stock exchange and those requirements are: 1. Application for listing as per Form-I 2. An undertaking as per Form-II 3. Undertaking as per annexure to Form-III pertaining to issue of security, computerized transfer deeds, verification of signatures on transfer deeds. 4. Memorandum & articles of association 5. Copy of certificate of incorporation 6. Copy of certificate of commencement of business 7. Copy of authorization for floatation of Modaraba by the registrar of Modaraba companies 8. 15 copies of draft prospectus/ offer for sale document 9. Detailed particulars of security for which listing is sought 10. Copy of approval of prospectus/ offer for sale document from SECP (to be submitted after clearance of prospectus/ offer for sale by SECP) 11. Copies of prospectus issued by the company in respect of any security already listed on any stock exchange 12. Copy of the feasibility report, in case of new project 13. A brief history of the company since incorporation giving details of its activities including any re-organization , changes in its capital structure and borrowings 14. Statement showing the cost of project and means of finance 15. Name of directors along with directorship of other companies listed on the exchange
16. Name and addresses of the directors and persons holding ten percent or more of any class of equity security as on the date of application together with the number of shares or debentures held by each. 17. Auditors certificate for amount subscribed by the promoters/ directors/ associates 18. Copies of
References: *1 http://www.sbp.org.pk/about/core_functions/index.htm *2, *3, *4 http://www.google.com.pk/url?sa=t&source=web&cd=1&ved=0CBgQFjAA&url=http%3A%2F%2Fwww.sbp. org.pk%2Fabout%2Fact%2FAnti-Act2010.pdf&ei=Rx4STrnKBYuMswaFxcnyDg&usg=AFQjCNGlrULIxkQ5nQOh48IVby6WjcgEGA