Section 20: Restriction on amendments to the Memorandum and Articles and further issue of — 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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20. Restriction on amendments to the Memorandum and Articles and further issue of capital.—(1) A stock exchange shall not make any amendments to its Memorandum and Articles of Association without the prior written approval of the Commission,. (2) A stock exchange shall not issue further shares without the prior written approval of the Commission.

Effective date: 2012-01-01

Related sections

Section 19: Powers of the Commission Section 21: Winding up of a stock exchange. A stock exchange shall not commence any proceedings Section 18: Power of the Commission to approve a scheme of integration Section 22: Prohibition on sale etc of assets of the stock exchange. No stock exchange shall sell Section 17: Integration without application to the Court Section 23: Power to make regulations. The Commission, may, by notification in the official Gazette,

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