08-12-2005, 03:22 AM
Aslamoalaikum,
It means that holders with 10% or more shares cannot trade on stock exchange without prior approval of the Commission.
One more thing that I am feeling these two statements contradicting each other i.e,
"A person who holds more than 10% of the shares or debentures of a company shall offer for a sale to the public any share or debenture of the company held by him with the approval of SECP."
"The size of capital to be offered to public through offer for sale shall not be less than Rs. 100 Million or 25% of the capital of the company, whichever is lower."
Ace
It means that holders with 10% or more shares cannot trade on stock exchange without prior approval of the Commission.
One more thing that I am feeling these two statements contradicting each other i.e,
"A person who holds more than 10% of the shares or debentures of a company shall offer for a sale to the public any share or debenture of the company held by him with the approval of SECP."
"The size of capital to be offered to public through offer for sale shall not be less than Rs. 100 Million or 25% of the capital of the company, whichever is lower."
Ace
