Takeover Ordinance

absorbover polity 2002 GOVERNMENT OF PAKISTAN MINISTRY OF LAW, JUSTICE, HUMAN RIGHTS AND PARLIAMENTARY own(prenominal) matters (Law, Justice and Human Rights Division) Islamabad , the 29th October, 2002 F. zero(prenominal) 2(1)/2002-Pub.The succeeding(a) statute make knownd by the President is hereby print for superior general information: ORDINANCE NO. CIII OF 2002 AN ORDINANCE to put forrard for unanimous acquisition of voting shares and take-overs of listed companies WHEREAS it is expedient to provide for a fair and equal treatment to in all the investors as soundly as a transparent and efficient scheme for substantial acquisition of voting shares and take-overs of listed companies and matters ancillary thereto or connected therewith; AND WHEREAS the President is satisfied that circumstances inhabit which put forward it necessary to take immediate accomplishment; NOW, THEREFORE, in prosecution of the Proclamation of Emergency of the fourteenth day of October, 1 999, and Provisional piece of music Order No. 1 of 1999, read with the Provisional musical composition (Amendment) Order No. 9 of 1999, and in exercise of all powers enabling him in that behalf, the President of the Islamic Republic of Pakistan is blessed to make and promulgate the following Ordinance: CHAPTER I. PRELIMINARY 1. goldbrick title, extent and commencement.

(1) This Ordinance may be called the ListedCompanies (Substantial Acquisition of right to vote Shares and Take -overs) Ordinance, 2002. Page 2 of 24 (2) It extends to the whole of Pakistan. (3) It shall come into exalt up at once. 2. Definitions. (1) In this Ordinance, unless there is anything repugnant in thesubject or context,(a) ?acquirer? means a! ny person who, at one time or indirectly, acquires orhas proceeded to acquire voting shares in the target company, or acquires or has proceeded to acquire control of the target company, either by himself or through any person acting in concert; (b) ?Commission? means the Securities and Exchange Commission of Pakistan completed nether the Securities and Exchange...If you want to get a full essay, parade it on our website: OrderEssay.net

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