Section 6: Procedure upon receiving memorandum of the stock exchange — Stock Exchange (Corporatisation, Demutualization and Integration) Act, 2012

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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6. Procedure upon receiving memorandum of the stock exchange.—(1) Within seven days of receipt of the information mentioned in sub-section (3) of section 5 and after confirmation from the Commission, the Registrar shall issue a certificate of re-registration to the stock exchange as evidence of its change in status from a company limited by guarantee to a public company limited by shares. (2) The directors of the stock exchange holding office on the date of corporatisation shall automatically cease to hold such office on receipt of the certificate of re-registration by the stock exchange, and shall stand replaced by the first directors.

Effective date: 2012-01-01

Related sections

Section 5: Procedure upon receiving approval or determination Section 7: Effect of corporatisation Section 4: Submission of information by the stock exchange Section 8: Demutualization. A stock exchange shall stand demutualised when the Registrar has issued Section 3: Demutualization Committee Section 9: Rights attached to shares in the blocked account

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