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SECP amends regulations to facilitate SMEs, Startups % The Securities and Exchange Commission of Pakistan (SECP) to address the impediments faced by the corporate

After the amendments, the requirement of prior approval of SECP has now been abolished.

The Securities and Exchange Commission of Pakistan (SECP) has introduced amendments in the Companies (Further Issue of Shares) Regulations, 2020, to address the impediments being faced by the corporate sector, particularly startups and small companies, in raising equity through conventional modes. The SECP statement issued on Tuesday said that key changes include permission to convert one class of shares into another class or kind e.g. ordinary into preference shares, issuance of shares with differential rights without approval of the SECP, and specification of mechanism for valuation of non-c...

Investegate announcements from Escape Hunt PLC, Acquisition, Fundraising & Change of Name

Investegate announcements from Predator O&G Hldgs, Further issue of 11,784,845 new Ordinary Shares