Get Procedure For Buy Back Of Shares - Final Version.doc

This guide will help you understand how to fill out the Procedure For Buy Back Of Shares - Final Version.doc online. It is designed to provide clear and comprehensive instructions that are accessible to users with varying levels of experience.

Follow the steps to successfully complete the form.

1. Click the ‘Get Form’ button to access the document and open it in your preferred editor.
2. Review the background section of the form to understand the context and legal framework of the buy-back procedure, particularly Section 95A of the Companies Ordinance – 1984.
3. Identify the applicability section to confirm that the procedures apply to your company's eligible securities.
4. Proceed to the detailed procedure section. To initiate the buy-back process, confirm that your company has opened a separate sub-account in the Central Depository System with the title format: 'Company Name - buy back of shares.' Ensure all required documents are ready for submission.
5. As per the guidelines, prepare the necessary documents after completing the transfer of securities. These include a certified true copy of the special resolution and the scheme of buy-back, approval from SECP, and a request for cancellation of securities signed by authorized signatories.
6. Submit the aforementioned documents to the Central Depository Company (CDC) for their verification and processing.
7. Once the documents are accepted and processed, the CDC will cancel the holdings in the specified sub-account or investor account.
8. After cancellation, update the paid-up capital to reflect the changes made due to the buy-back of shares.
9. Finalize your form by ensuring all sections are completed accurately, then save your changes, download a copy, print it for your records, or share it with relevant stakeholders.

Start filling out the Procedure For Buy Back Of Shares form online today to ensure a smooth processing of your company's buy-back transaction.