SECP issued S.R.O.857(I)/2019 dated July 25th 2019
SECP vide S.R.O.857(I)/2019 dated July 25th 2019 made amendments in Regulation # 11 – Restriction on the purchasing company, of Listed Companies (Buy-Back of Shares) Regulations 2019.
Vide this amendment notification Restriction of Purchase of its own shares are relaxed as previously companies were restriction not to purchase own shares for three years from the date of the further issue of capital and that included issue of bonus shares.
Now the above restriction is relaxed to six months from the date of further issue of capital and that excludes bonus issue.
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