Complete Company Law and Procedures -Vol II

June 05, 2008 Update

This update covers:-

-Circulars Nos. 4, 9 & 10 of 2008.

Part-VI-Modaraba

1.  On page 82 onwards, Prudential Regulations for Modarabas have been amended by SECP’s Circular No. 10 of 2008 dated June 02, 2008.

2.   On page 116, ‘Guidelines for Issue of Certificates of Musharaka for Modarabas’ have been amended by SECP’s Circular No. 04 dated April 07, 2008.

3.   On page 130, SECP’s Circular No. 9 of 2008 dated May 16, 2008 has been reproduced. This grants permission to Modarabas for insertion of the words “An Islamic Financial Institution” after the name of a Modaraba.

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