The Securities and Exchange Commission of Pakistan has issued draft amendments for public consultation to streamline the issuance of bonus and right shares under the Companies (Further Issue of Shares) Regulations, 2020, with the aim of substantially shortening end-to-end timelines for listed companies. The proposals would reduce the timeline for a bonus issue to 11 days from 85 days (an 87% reduction) and for a right issue to 50 days from 181 days (a 72% reduction). The draft also proposes removing the requirement for companies to prepare a draft offer document in Urdu and introducing a requirement to submit additional information alongside the right offer document to support smoother processing. Comments are invited until July 17, 2025, after which the amendments are intended to be finalized and made effective.
Securites & Exchange Commission of Pakistan 2025-07-03
Securities and Exchange Commission of Pakistan consults on amendments to cut bonus and rights share issuance timelines to 11 and 50 days
The Securities and Exchange Commission of Pakistan has proposed draft amendments to the Companies (Further Issue of Shares) Regulations, 2020, aiming to significantly reduce timelines for bonus and right share issuances. The amendments propose reducing the bonus issue timeline from 85 to 11 days and the right issue timeline from 181 to 50 days. Additional changes include removing the requirement for a draft offer document in Urdu and mandating more information with the right offer document.