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+--- Thread: Issue of Shares on Premium (/showthread.php?tid=5522)
Issue of Shares on Premium - Siddiq Ahmed - 03-09-2009
I would like to clarify two points regarding companies (Issue of Capital) Rules 1996.
4.ISSUE OF SHARES ON PREMIUM-
(vii)" the shares alloted to any person on account of preferential allocation at par, shall not be saleable and transferable for a period of two years from the date of public subscription."
(x)" the provisions of clauses (i)to (v) shall not be applicable on the issue of shares where the issue is made through the book building process in accordance with the listing regulations of a stock exchange in Pakistan."
Concerning the above,I am unable to pick some points,will any member help me to understand the followings-
Preferential Allocation
if Shares are being offered on premium then why shares are issue at Par?
what is Issue of shares through book building process?
- awaisaftab - 03-09-2009
Good Contribution.
Regards
Awais
- kamranACA - 03-10-2009
Where is contribution Awais?
Siddique, I will try replying you the day after tomorrow since tomorrow I would not be on the forum.
Regards,
KAMRAN.
- Siddiq Ahmed - 03-20-2009
still waiting for reply
Regards,
Siddiq Ahmed
- kamranACA - 03-26-2009
Dear,
Wherefrom this clause 'x' you got? I could not find it in the rules available on the website.
Please let me know.
Regards,
KAMRAN.
- Siddiq Ahmed - 04-02-2009
Dear
Above mentioned rules have been taken from the address given below.
http//www.secp.gov.pk/DraftAmendments/CI_Rules.pdf
Regards,
Siddiq
- Star - 04-02-2009
Dear Siddiq Ahmed,
Rules referred by you is still a draft and are not issued by SECP yet.
You may collect the notified copy of the Rules by following link.
http//secp.gov.pk/corporatelaws/pdf/Feb_02_1996.pdf
Procedure and concept of book building process is much lengthy and is given in the listing regulations of karachi Stock exchange which can be accessed by following this link.
http//www.kse.com.pk/kseregulations/index.php
Hope this literature shall serve your purpose.
After reading the above, if any confusion arise, please let me know on this forum. I shall try to resolve.
Regards,
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