ISLAMABAD
The Securities and Exchange Commission of Pakistan (SECP), in a bid to improve and ensure transparency in the process for capital formation has recommended a revamp of Companies (Further Issue of Shares) Regulations, 2020. A concept paper, suggesting new modes and mechanics through which companies can raise capital, has been placed on SECP’s website for public comments. The concept paper, in accordance with international best practices, has proposed to adopt an enhanced disclosure-based regime for issuance of right shares by the listed companies. In this regime, the focus is increased to provide sufficient information to investors, enabling them to make informed decisions, increase investor protection.
