08-11-2005, 10:34 PM
Aslam u alaikum
A company who want to be listed on a stock exchange has to make a public offer of its share capital.
If the company already has sufficient share capital to operate than the existing share holders having more than 10% of its share capital can make this offer with the approval of commission.
Example of this offer is KAPCO and APL.
In the case of offer for sale the company does not issue fresh capital but the existing share holders disinvest their shareholding to list the securities of the company on the stock exchange.
for this purpose the document issued for offer for sale shall be deemed to be prospectus and the sections of the companies ordinance apply on prospectus shall be applied to this document.
Sections of companies ordinance 1984 relating to offer for sale are 61 and 62.
and the remaining information shall be given by the seniors of this forum
There is a will. There is a way.
0345-4160509
A company who want to be listed on a stock exchange has to make a public offer of its share capital.
If the company already has sufficient share capital to operate than the existing share holders having more than 10% of its share capital can make this offer with the approval of commission.
Example of this offer is KAPCO and APL.
In the case of offer for sale the company does not issue fresh capital but the existing share holders disinvest their shareholding to list the securities of the company on the stock exchange.
for this purpose the document issued for offer for sale shall be deemed to be prospectus and the sections of the companies ordinance apply on prospectus shall be applied to this document.
Sections of companies ordinance 1984 relating to offer for sale are 61 and 62.
and the remaining information shall be given by the seniors of this forum
There is a will. There is a way.
0345-4160509
