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KPMGTaseerHadi& Co. CharteredAccountants Website mandatory for a Public Company effective from3 October 2019 Preliminary Profile of Company Securities and Exchange Commission of Pakistan Vision, mission and principle business activities; [“SECP”] vide S.R.O. 1196 (I)/2019 has made it status of company; company registration number, mandatoryfor all public companies to maintain NTN, address, phone and fax numbers of registered a website which is to be effective from 3 office, head office and all branch offices, valid email October 2019 while encouraging all other address, and details of subsidiaries/associates. companies to do the same. Governance Public Company -means a company which is not a private company. Profile of the Board of Directors, pattern of shareholding, and name of Auditor and Legal Private Company - means a company which, by Advisor. its articles: Investor Relations (a) restricts the right to transfer its shares; Contact details of person for handling investors’ (b) limits the number of its members to 50 not complaints, updated logo of SECP Service Desk including persons who are in the employment Managements System’s, notices of general of the company; and meetings, site map and search facility etc. (c) prohibits any invitation to the public to Media subscribe for the shares, if any, or debentures or redeemable capital of the company: National /International Awards, if any, membership of industry associations and trade bodies, if any, Provided that, where two or more persons hold any other announcements or clarifications issued by one or more shares in a company jointly, they the company and last date on which website was shall, for the purposes of this definition, be updated. treated as a single member. Information on homepage of website Means section 42 Companies i.e. NPOs, NGOs, clubs are also required to maintain a website including other PICs Website link of SECP’s portal “JamaPunji” along and companies which are not private companies. with its logo and information of companies’ own Penalty complaint handling cell and contact person. Any contravention of this notification will be Information of Group companies punishable with a penalty of Rs.100 million and if Public companies registered as a group under the the contravention is a continuing one Rs.500,000 Group Companies Registration Regulations, 2008 per day as per section 510(2) of Companies Act, shall place the annual financial statements of 2017. their group along with the mandatory reports wherever required. Information on Website Following minimum information should be included on their website in English and Urdu languages, namely: © 2019 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Document Classification: KPMG Public KPMGTaseerHadi& Co. CharteredAccountants Website mandatory for a Public Company effective from3 October 2019 Additional disclosure requirements • Name and address of share registrar; for listed companies • Free float of the shares of Company; and Election of Directors • Ratings of company and instrument (if any). • All notices relating to election of directors Financial statements - Listed along with statement of material facts, names Company and profiles of persons chosen from the databank for electing them as independent directors, and following information with • Every listed company shall place annual report, respect to election of Directors: at least 21 days prior to the date of AGM. – Proxies, in number and value, deposited by • Quarterly financial statements and reports shall each candidate, detailed profile of be placed on website of listed company within 7 candidates contesting the elections along days from the date of approval by the board. with their office address, seven days prior to the date of election till the date of election • Every listed company shall ensure that financial and statements, reports and other information are available in internationally acceptable, user – 21 days prior to the date of election till the friendly, easily accessible and downloadable date of election, proxy forms to be placed on electronic format. website and list of shareholders and their addresses accessible by candidate. Website address - PSX Investor Information Every listed company shall disseminate its • Symbolof the company assigned by the functional website address to the PSX and in case of any change, the company shall notify the PSX Pakistan Stock Exchange (“PSX”) and website within 7 days. links of PSX; • Annual reports for the last 3 financial years; Website security • Financial highlights for previous 5 years; Every company shall deploy appropriate measures and safeguards for security of its • Quarterly financial statements issued during the website. current year as well as past 3 years; • EPSare (basic and diluted), P/E ratio and breakup value of shares, dividend payout ratio; © 2019 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Document Classification: KPMG Public Contactus Karachi Office Sheikh Sultan Trust Building No. 2 Beaumont Road Karachi – 75530 Telephone 92 (21) 3568 5847 Telefax 92 (21) 3568 5095 e-Mail karachi@kpmg.com Lahore Office 351, Shadman–1 Main Jail Road Lahore 54000 Phone +92 (42) 111 576 484 Fax +92 (42) 3742 9907 E-Mail lahore@kpmg.com Islamabad Office Sixth Floor, State Life Building Blue Area Islamabad Telephone 92 (51) 282 3558 Telefax 92 (51) 282 2671 e-Mail islamabad@kpmg.com www.kpmg.com.pk The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. The KPMG name and logo are registered trademarks or trademarks of KPMG International. © 2019 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Document Classification: KPMG Public
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