Takeover Ordinance

regardover enactment 2002 judicature OF PAKISTAN MINISTRY OF LAW, JUSTICE, HUMAN RIGHTS AND PARLIAMENTARY own(prenominal) matters (Law, Justice and Human Rights Division) capital of Pakistan , the 29th October, 2002 F. nary(prenominal) 2(1)/2002-Pub.The succeeding(a) regularization cry outd by the prexy is hereby print for ecumenical information: ORDINANCE zero(prenominal) CIII OF 2002 AN ORDINANCE to put earlier for unanimous acquisition of vote shares and take-overs of listed companies WHEREAS it is expedient to provide for a fair and equal intercession to in all the investors as soundly as a transparent and efficient body for substantial acquisition of select shares and take-overs of listed companies and matters ancillary on that pointto or connected therewith; AND WHEREAS the chair is satisfied that circumstances dwell which put forward it necessary to take immediate military action; NOW, THEREFORE, in prosecution of the declaration of Emergency of the fourteenth mean solar day of October, 1999, and Provisional piece of symphony Order No. 1 of 1999, read with the Provisional melodic composition (Amendment) Order No. 9 of 1999, and in lick of all powers enabling him in that behalf, the President of the Islamic commonwealth of Pakistan is blessed to make and promulgate the following Ordinance: CHAPTER I. preliminary examination 1. goldbrick title, extent and commencement.

(1) This Ordinance may be called the ListedCompanies (Substantial skill of right to vote Shares and Take -overs) Ordinance, 2002. Page 2 of 24 (2) It extends to the solely of Pakistan. (3) It shall come into soak up at once. 2. Definitions. (1) In this Ordinance, unless there is eachthing repugnant in thesubject or context,(a) ?acquirer? means any person who, directly or indirectly, acquires orhas proceeded to acquire voting shares in the ass company, or acquires or has proceeded to acquire control of the target company, either by himself or through any person acting in project; (b) ?Commission? means the Securities and permutation Commission of Pakistan established under the Securities and Exchange...If you want to get a full essay, order it on our website: Orderessay

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