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Relaxation of provisions of the rules.–– Where the Commission is satisfied that it is not \r\npracticable or expedient to comply with any requirement of the rules made hereunder in a particular \r\ncase, the ","quote_sha256":"f933b07f6339fccc467a80813f9b99a522bc368fa2a47e8a9aef3fb023cbc63d","reader_fragment":"p-38844-40614-433f2c73e2a6e78d","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-38844-40614-433f2c73e2a6e78d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"}},{"id":"citation-80688089bbb8af8c1fd7","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-8516a9c3a7aaa043","target_candidates":["pk-code-8516a9c3a7aaa043"],"resolution":"exact_title_match","relation":"explicit_instrument_citation","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":44002,"character_end":44027,"quote":"Companies Ordinance, 1984","quote_sha256":"cb7d4c316cea88e9922788daa9544fccfa9dc5921560940937397fff1b9e794e","reader_fragment":"p-42382-44150-daed1236e6463f5e","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-42382-44150-daed1236e6463f5e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":43832,"character_end":44257,"quote":"lations made thereunder.]  \r\n \r\n30. Ordinance to override other laws etc.⸻ The provisions of this Ordinance shall have \r\neffect notwithstanding anything contained in the Companies Ordinance, 1984 (XLVII of 1984), or \r\nany other law for the time being in force or in any charter, statute or memorandum or articles of \r\nassociation or in any applicable document or resolution. \r\n \r\n31. Removal of difficulties.⸻ If any difficul","quote_sha256":"e0a7f483e215a98d2c4d4d2c1eb1c5682f2bd01f80c14f132e2f0d059acbaaf6","reader_fragment":"p-42382-44150-daed1236e6463f5e","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-42382-44150-daed1236e6463f5e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"}}],"incoming":[],"internal_references":[{"id":"internal-909425667145c1d960e6","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"7","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":12239,"character_end":12559,"quote":"7. Appointment of manager to the offer.⸻ (1) Before making any public announcement \r\nthe acquirer shall appoint a bank, or financial institution, or a member of a stock exchange who is not \r\nan associate, or group, of the acquirer or the target company, as a manager to the offer. \r\n \r\n(2) The manager to the offer shall","quote_sha256":"bdddbef946a25bf9f8acf02b72d5e8ccb87f8c3351ae15bcb337f472b694da62","reader_fragment":"p-10543-12324-52374a3c412a8c32","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-10543-12324-52374a3c412a8c32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-7-12239","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":4739,"character_end":4748,"quote":"section 7","quote_sha256":"28f5bb7d4b325f950aff65a2815359bf6aa334ddc0a376911f880c702b49db95","reader_fragment":"p-3481-5276-07821e40f5c3b435","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-3481-5276-07821e40f5c3b435","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":4569,"character_end":4978,"quote":"isted company” means a company or a body corporate whose voting shares \r\nare listed on a stock exchange; \r\n \r\n(h)  “manager to the offer” means a manager appointed under section 7; \r\n \r\n(i)  “offer period” means the period from the date of public announcement of \r\npublic offer to the date of closure of public offer or earlier withdrawal thereof; \r\n \r\n(j)  “person acting in concert” means a person who opera","quote_sha256":"0b97f4f18193a48a6f5ae5de777fc63bfc04374528532644b603b9317b0ddfca","reader_fragment":"p-3481-5276-07821e40f5c3b435","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-3481-5276-07821e40f5c3b435","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-abdaf34c311abed707af","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"5","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":10543,"character_end":10863,"quote":"5. Additional acquisition of voting shares.⸻(1) No person shall, directly or indirectly, \r\nacquire⸻ \r\n \r\n(a)  voting shares, which (taken together with voting-hares, if any, held by such \r\nperson) would entitle such person to more than twenty-five per cent  voting \r\nshares in listed company; or \r\n \r\n(b)  control of a l","quote_sha256":"4348ff8e19573a7e7c568dc166ac9332b960b35cba9331a348021ae46190aa87","reader_fragment":"p-10543-12324-52374a3c412a8c32","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-10543-12324-52374a3c412a8c32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-5-10543","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":5287,"character_end":5296,"quote":"section 5","quote_sha256":"c78910f62af57da8aa153eb6799061f6a7eba78c4de4d9870e26a4b8739111e3","reader_fragment":"p-5276-7056-4db4726186568b6d","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-5276-7056-4db4726186568b6d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":5117,"character_end":5526,"quote":"gulation] made under his \r\nOrdinance; \r\n \r\n1[(l)  [*  *  * *  *  *  *] \r\n \r\n(m)  “public announcement” means public announcement of offer or intention to be \r\nmade under section 5, section 6 or section 8, as the case may be, and includes \r\nany announcement of any competitive bid for acquisition of voting shares of a \r\ntarget company; \r\n \r\n(n)  “public offer” means the public offer for acquisition of voting","quote_sha256":"b7131ff635b701ba0366d5a8de72660d61b34ccd1fc1de4a16884cadd31bba59","reader_fragment":"p-3481-5276-07821e40f5c3b435","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-3481-5276-07821e40f5c3b435","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-c4f60dd4f7da803337cf","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"6","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":11234,"character_end":11554,"quote":"6. Consolidation of holdings.⸻ (1) No acquirer, who has acquired more than twenty-five \r\nper cent but less than fifty-one per cent  of the voting shares or control of a listed company, shall \r\nacquire additional voting shares or control unless such acquirer makes a public announcement of \r\noffer to acquire voting share","quote_sha256":"98d186c01bf66497499540d8107c3cc4b3c39e4b6832659b90f1b0070fabf836","reader_fragment":"p-10543-12324-52374a3c412a8c32","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-10543-12324-52374a3c412a8c32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-6-11234","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":5298,"character_end":5307,"quote":"section 6","quote_sha256":"792c165b6970d8337f6d9964e837f96a44033014481ff724eb09bd30fd225a06","reader_fragment":"p-5276-7056-4db4726186568b6d","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-5276-7056-4db4726186568b6d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":5128,"character_end":5537,"quote":"ade under his \r\nOrdinance; \r\n \r\n1[(l)  [*  *  * *  *  *  *] \r\n \r\n(m)  “public announcement” means public announcement of offer or intention to be \r\nmade under section 5, section 6 or section 8, as the case may be, and includes \r\nany announcement of any competitive bid for acquisition of voting shares of a \r\ntarget company; \r\n \r\n(n)  “public offer” means the public offer for acquisition of voting shares of ","quote_sha256":"b2cc563e63667b641a6f4cf64f2350e5a931656450bf96c42db9200fc239645d","reader_fragment":"p-3481-5276-07821e40f5c3b435","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-3481-5276-07821e40f5c3b435","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-111ee41bcdfc10a3d33b","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"8","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":12608,"character_end":12928,"quote":"8. Timing of the public announcement.⸻ (1) Before acquisition of voting shares beyond \r\nthe threshold specified in section 5 or section 6, the acquirer shall, after giving notice to the \r\nCommission as required by sub-section (3) of section 9, make a public announcement of such an \r\nintention forthwith. \r\n \r\n(2) In cas","quote_sha256":"b28b5f54c5a2c34e61187d6d3b5de255ac3ca462ba09e2f40f0211773502db0d","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-8-12608","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":5311,"character_end":5320,"quote":"section 8","quote_sha256":"dbd4926edb8d6b11a4d1dc7b4fac29d322802053997a2301f605d72e6d15ba31","reader_fragment":"p-5276-7056-4db4726186568b6d","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-5276-7056-4db4726186568b6d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":5141,"character_end":5550,"quote":" \r\nOrdinance; \r\n \r\n1[(l)  [*  *  * *  *  *  *] \r\n \r\n(m)  “public announcement” means public announcement of offer or intention to be \r\nmade under section 5, section 6 or section 8, as the case may be, and includes \r\nany announcement of any competitive bid for acquisition of voting shares of a \r\ntarget company; \r\n \r\n(n)  “public offer” means the public offer for acquisition of voting shares of a \r\ntarget co","quote_sha256":"6755e26372573ef0059b0183e22dcd9f206c24f3bbc7162ce6b2d0ae2aeb11e2","reader_fragment":"p-3481-5276-07821e40f5c3b435","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-3481-5276-07821e40f5c3b435","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-555d02f1a4ed7b9e1631","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"4","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":9180,"character_end":9500,"quote":"4. Acquisition of more than ten per cent voting shares of a company.⸻(1) Any acquirer \r\nwho acquires voting shares, which (taken together with voting shares, if any, held by the acquirer) \r\nwould entitle the acquirer to more than ten per cent voting shares in a listed company, shall disclose \r\nthe aggregate of his shar","quote_sha256":"f139ecd0c5d8b754e2f56ed30883408ad1782dc22d6d5b6ad667aed8e1d11275","reader_fragment":"p-8791-10543-c6ab2c3a0b119d21","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-8791-10543-c6ab2c3a0b119d21","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-4-9180","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":11218,"character_end":11227,"quote":"section 4","quote_sha256":"392b19828a456086a6d00e4d652e3b61060182cd3780011632e1cdd9fc2c77ff","reader_fragment":"p-10543-12324-52374a3c412a8c32","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-10543-12324-52374a3c412a8c32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":11048,"character_end":11457,"quote":" of 08, s. 19 (w.e.f. 1-7-8). \r\n \r\nPage 7 of 19 \r\n \r\n(2) Before making announcement under sub-section (1), such person shall make disclosure in \r\nthe manner specified in section 4. \r\n \r\n6. Consolidation of holdings.⸻ (1) No acquirer, who has acquired more than twenty-five \r\nper cent but less than fifty-one per cent  of the voting shares or control of a listed company, shall \r\nacquire additional voting shar","quote_sha256":"a4222a94757a25f0738a6c74e19ba69ecd2a599f2996eed1bd89b1e7281827dd","reader_fragment":"p-10543-12324-52374a3c412a8c32","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-10543-12324-52374a3c412a8c32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-56ef2401606f970ccf2f","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"5","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":10543,"character_end":10863,"quote":"5. Additional acquisition of voting shares.⸻(1) No person shall, directly or indirectly, \r\nacquire⸻ \r\n \r\n(a)  voting shares, which (taken together with voting-hares, if any, held by such \r\nperson) would entitle such person to more than twenty-five per cent  voting \r\nshares in listed company; or \r\n \r\n(b)  control of a l","quote_sha256":"4348ff8e19573a7e7c568dc166ac9332b960b35cba9331a348021ae46190aa87","reader_fragment":"p-10543-12324-52374a3c412a8c32","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-10543-12324-52374a3c412a8c32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-5-10543","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":12723,"character_end":12732,"quote":"section 5","quote_sha256":"c78910f62af57da8aa153eb6799061f6a7eba78c4de4d9870e26a4b8739111e3","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":12553,"character_end":12962,"quote":" shall be deemed to be the agent of the acquirer. \r\n \r\n8. Timing of the public announcement.⸻ (1) Before acquisition of voting shares beyond \r\nthe threshold specified in section 5 or section 6, the acquirer shall, after giving notice to the \r\nCommission as required by sub-section (3) of section 9, make a public announcement of such an \r\nintention forthwith. \r\n \r\n(2) In case of an acquirer acquiring Global ","quote_sha256":"280a37f75376afcc47159dc0653a2213f79e787d0782800e08e283ccefa3d6e5","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-0c63206373611f5d9972","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"6","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":11234,"character_end":11554,"quote":"6. Consolidation of holdings.⸻ (1) No acquirer, who has acquired more than twenty-five \r\nper cent but less than fifty-one per cent  of the voting shares or control of a listed company, shall \r\nacquire additional voting shares or control unless such acquirer makes a public announcement of \r\noffer to acquire voting share","quote_sha256":"98d186c01bf66497499540d8107c3cc4b3c39e4b6832659b90f1b0070fabf836","reader_fragment":"p-10543-12324-52374a3c412a8c32","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-10543-12324-52374a3c412a8c32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-6-11234","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":12736,"character_end":12745,"quote":"section 6","quote_sha256":"792c165b6970d8337f6d9964e837f96a44033014481ff724eb09bd30fd225a06","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":12566,"character_end":12975,"quote":"med to be the agent of the acquirer. \r\n \r\n8. Timing of the public announcement.⸻ (1) Before acquisition of voting shares beyond \r\nthe threshold specified in section 5 or section 6, the acquirer shall, after giving notice to the \r\nCommission as required by sub-section (3) of section 9, make a public announcement of such an \r\nintention forthwith. \r\n \r\n(2) In case of an acquirer acquiring Global Depository Re","quote_sha256":"a5b6dfd1217cc557b7b983d63a93d3e46730d21d9cf582b54dc897ef2bfc7213","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-18cca6babf1fbd7fdd47","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"9","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":13436,"character_end":13756,"quote":"9. Public announcement.⸻ (1) The public announcement shall be published at least in one \r\nissue each of a daily newspaper in English language and a daily newspaper in Urdu language having \r\ncirculation in the Province or Provinces in which the stock exchange, on which the target company is \r\nlisted, is situated. \r\n \r\n(","quote_sha256":"b586482e0a0c2dd6a9a8ca9dc1f652bb1a85254e7f9894574e265994cf2430ef","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-9-13436","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":12841,"character_end":12850,"quote":"section 9","quote_sha256":"063f116122d5538f1f3b72b9e4caad53c5fd543a6265ae9b85247765b8e4a97f","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":12671,"character_end":13080,"quote":"f voting shares beyond \r\nthe threshold specified in section 5 or section 6, the acquirer shall, after giving notice to the \r\nCommission as required by sub-section (3) of section 9, make a public announcement of such an \r\nintention forthwith. \r\n \r\n(2) In case of an acquirer acquiring Global Depository Receipts or American Depository \r\nReceipts which, when taken together with the voting shares, of any, alrea","quote_sha256":"ebf360af57369c756b86fc86a26648b6b620079b810c15b29dc125fbc08b80ff","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-87a41777862a342e6371","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"5","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":10543,"character_end":10863,"quote":"5. Additional acquisition of voting shares.⸻(1) No person shall, directly or indirectly, \r\nacquire⸻ \r\n \r\n(a)  voting shares, which (taken together with voting-hares, if any, held by such \r\nperson) would entitle such person to more than twenty-five per cent  voting \r\nshares in listed company; or \r\n \r\n(b)  control of a l","quote_sha256":"4348ff8e19573a7e7c568dc166ac9332b960b35cba9331a348021ae46190aa87","reader_fragment":"p-10543-12324-52374a3c412a8c32","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-10543-12324-52374a3c412a8c32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-5-10543","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":13190,"character_end":13199,"quote":"section 5","quote_sha256":"c78910f62af57da8aa153eb6799061f6a7eba78c4de4d9870e26a4b8739111e3","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":13020,"character_end":13429,"quote":"h, when taken together with the voting shares, of any, already held by the acquirer, \r\nwould entitle the acquirer to voting shares, exceeding the percentage specified in section 5 or section \r\n6, the public announcement referred to in sub-section (1) shall be made not later than two working \r\ndays before he acquires voting shares on such securities upon conversion or exercise of option as the \r\ncase may be","quote_sha256":"4e043e652d65e6d5113c4c271c8c556bcdb042e27a862dced2508a8de66c68b5","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-5dfb724a2e6203e1bafa","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"6","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":11234,"character_end":11554,"quote":"6. Consolidation of holdings.⸻ (1) No acquirer, who has acquired more than twenty-five \r\nper cent but less than fifty-one per cent  of the voting shares or control of a listed company, shall \r\nacquire additional voting shares or control unless such acquirer makes a public announcement of \r\noffer to acquire voting share","quote_sha256":"98d186c01bf66497499540d8107c3cc4b3c39e4b6832659b90f1b0070fabf836","reader_fragment":"p-10543-12324-52374a3c412a8c32","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-10543-12324-52374a3c412a8c32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-6-11234","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":13203,"character_end":13214,"quote":"section \r\n6","quote_sha256":"25cfe82dd62adb70d8192c29f5ada0d551df8f538bedc3787bcf52b7524cbfb9","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":13033,"character_end":13444,"quote":" together with the voting shares, of any, already held by the acquirer, \r\nwould entitle the acquirer to voting shares, exceeding the percentage specified in section 5 or section \r\n6, the public announcement referred to in sub-section (1) shall be made not later than two working \r\ndays before he acquires voting shares on such securities upon conversion or exercise of option as the \r\ncase may be. \r\n \r\n9. Publi","quote_sha256":"5d5b20ac2442465af0a09ae9e14dec3200ef819946bac71ab801c40438824cc5","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-3a917d531e1edce397b7","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"20","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":33697,"character_end":34017,"quote":"20. Procedure for payment and delivery of voting shares.⸻ (1) For the amount of \r\nconsideration payable in cash, the acquirer shall, within a period of twenty-one days from the date of \r\nclosure of the public offer open a special account with a scheduled bank and deposit therein such \r\nsum as would, together with ninet","quote_sha256":"84334d02bbc2c1bdefe9cc8d287b29dc785f4c43e0dc0a2c85473643818b6bd7","reader_fragment":"p-33505-35276-203b50415953cb59","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-33505-35276-203b50415953cb59","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-20-33697","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":19273,"character_end":19283,"quote":"section 20","quote_sha256":"4f96386da7ca879e92602b7107da77a1009b1ce68b2b9bb39a2783ea25709222","reader_fragment":"p-17558-19290-eb64021646ae19f5","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-17558-19290-eb64021646ae19f5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":19103,"character_end":19513,"quote":" including payment of consideration to the \r\nshareholders who have accepted the public offer and for the purpose open a special count as provided \r\nin sub-section (1) of section 20: \r\n \r\nProvided that where the acquirer is unable to make the payment to the shareholders who have \r\naccepted the public offer before the said period of thirty-days due to non-receipt of requisite statutory \r\napprovals, the Commis","quote_sha256":"c0422aa81b3a57cf22734660ab2d53613c38a37144063dce0310021c9234c187","reader_fragment":"p-17558-19290-eb64021646ae19f5","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-17558-19290-eb64021646ae19f5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-2d797210cc94caaa09d9","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"13","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":15912,"character_end":16232,"quote":"13. General obligations of the acquirer.⸻ (1) Within two working days of the public \r\nannouncement, the acquirer shall send a copy of the proposed offer letter to the target company at its \r\nregistered office address and all the stock exchanges, where the voting shares of the company are \r\nlisted, and the Commission. \r","quote_sha256":"e34c1fa729fd3f60e01cfccab75ec2a933c9d30f7031702069012a055f22032a","reader_fragment":"p-15823-17558-fccf71242516dd9b","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-15823-17558-fccf71242516dd9b","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-13-15912","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":21854,"character_end":21864,"quote":"section 13","quote_sha256":"50c92c2f0fc37afc48af1a6a3279c607c7d6468f32e5617678a43d958b50b851","reader_fragment":"p-21072-22872-4dd5ff906f063a2a","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-21072-22872-4dd5ff906f063a2a","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":21684,"character_end":22094,"quote":"ioned in the public announcement, \r\nwhichever is later, a list of convertible Security holders as are eligible for participation under clause \r\n(b) of sub-section (3) of section 13 containing name address, shareholding and folio number, and of \r\nthose persons whose applications for registration of transfer of the securities are pending with the \r\ncompany. \r\n \r\n(3) Once the public announcement has been made,","quote_sha256":"a575caf8f04278ad4d5b8e0ad2bb30a54271029c1ee27138c4fe45f46f664272","reader_fragment":"p-21072-22872-4dd5ff906f063a2a","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-21072-22872-4dd5ff906f063a2a","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-2d77c5cb79d2a884c64d","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"19","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":33005,"character_end":33325,"quote":"19. Security to be furnished by the acquirer.⸻ (1) The acquirer shall furnish a security for \r\nperformance of his obligations on such terms and conditions as may be prescribed. \r\n \r\n(2) The total consideration payable under the public offer shall be calculated assuming full \r\nacceptance irrespective of whether the cons","quote_sha256":"750f0df15a641f14785f71f7c765835f45650873a10c1569b7d0bac9035d928a","reader_fragment":"p-31721-33505-a3e8b83b8806ebb4","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-31721-33505-a3e8b83b8806ebb4","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-19-33005","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":26480,"character_end":26490,"quote":"section 19","quote_sha256":"8b5037d2a57e79d0f604a421610c7066e6226909af7b622e7db425409ab1585e","reader_fragment":"p-26413-28195-b7f51b62459c6bef","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-26413-28195-b7f51b62459c6bef","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":26310,"character_end":26720,"quote":"ger to the offer shall⸻ \r\n \r\n(a)  ensure that the acquirer is able to implement the public offer; \r\n \r\n(b)  ensure that the provision relating to security referred to in section 19 has been \r\nmade; \r\n \r\n(c)  ensure that firm arrangements for funds and money for payment through \r\nverifiable means to fulfil the obligations under the public offer have been \r\nmade; \r\n \r\n(d)  ensure that the public announcement ","quote_sha256":"01297fe5e525c2b3e1276cafa563788e936fc0eac2ff4ff3c3309466f671692f","reader_fragment":"p-24621-26413-febeae0eafb814de","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-24621-26413-febeae0eafb814de","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-7f07b6bc03f2bc7bb67b","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"9","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":13436,"character_end":13756,"quote":"9. Public announcement.⸻ (1) The public announcement shall be published at least in one \r\nissue each of a daily newspaper in English language and a daily newspaper in Urdu language having \r\ncirculation in the Province or Provinces in which the stock exchange, on which the target company is \r\nlisted, is situated. \r\n \r\n(","quote_sha256":"b586482e0a0c2dd6a9a8ca9dc1f652bb1a85254e7f9894574e265994cf2430ef","reader_fragment":"p-12324-14092-b4e9a54a356857bd","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-12324-14092-b4e9a54a356857bd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-9-13436","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":26747,"character_end":26756,"quote":"section 9","quote_sha256":"063f116122d5538f1f3b72b9e4caad53c5fd543a6265ae9b85247765b8e4a97f","reader_fragment":"p-26413-28195-b7f51b62459c6bef","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-26413-28195-b7f51b62459c6bef","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":26577,"character_end":26986,"quote":"nt through \r\nverifiable means to fulfil the obligations under the public offer have been \r\nmade; \r\n \r\n(d)  ensure that the public announcement is made in accordance with section 9; \r\n \r\n(e)  furnish to the Commission a due diligence certificate which shall accompany a \r\ncopy of the proposed offer letter; \r\n \r\n1[(f)  *  *  *  *  *  *  *] \r\n \r\n(g)  ensure that the contents of the public announcement and offe","quote_sha256":"df79164c9df40ca67aa5d07c287f5917f3219569b9becb35d2714bea17908d94","reader_fragment":"p-26413-28195-b7f51b62459c6bef","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-26413-28195-b7f51b62459c6bef","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-4ff0c36821bc090bc8db","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"19","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":33005,"character_end":33325,"quote":"19. Security to be furnished by the acquirer.⸻ (1) The acquirer shall furnish a security for \r\nperformance of his obligations on such terms and conditions as may be prescribed. \r\n \r\n(2) The total consideration payable under the public offer shall be calculated assuming full \r\nacceptance irrespective of whether the cons","quote_sha256":"750f0df15a641f14785f71f7c765835f45650873a10c1569b7d0bac9035d928a","reader_fragment":"p-31721-33505-a3e8b83b8806ebb4","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-31721-33505-a3e8b83b8806ebb4","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-19-33005","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":30806,"character_end":30816,"quote":"section 19","quote_sha256":"8b5037d2a57e79d0f604a421610c7066e6226909af7b622e7db425409ab1585e","reader_fragment":"p-29934-31721-1ce3b144f7cc2790","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-29934-31721-1ce3b144f7cc2790","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":30636,"character_end":31046,"quote":"multaneous with the issue of public announcement referred in clause \r\n(a); and \r\n \r\n(c)  the increase in the value of the security as provided under sub-section (3) of \r\nsection 19. \r\n \r\nPage 14 of 19 \r\n \r\n(8) Where there is a competitive bid, the date of closure of the earlier bid, as also the date of \r\nclosure of all the subsequent competitive bids, shall be the date of closure of public offer under the \r","quote_sha256":"505780de317de0125b5b751e07f5d486054f605fcbc3ca5d6f325c4acfc01fdb","reader_fragment":"p-29934-31721-1ce3b144f7cc2790","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-29934-31721-1ce3b144f7cc2790","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-c1c9efd9d41f72cba636","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"19","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":33005,"character_end":33325,"quote":"19. Security to be furnished by the acquirer.⸻ (1) The acquirer shall furnish a security for \r\nperformance of his obligations on such terms and conditions as may be prescribed. \r\n \r\n(2) The total consideration payable under the public offer shall be calculated assuming full \r\nacceptance irrespective of whether the cons","quote_sha256":"750f0df15a641f14785f71f7c765835f45650873a10c1569b7d0bac9035d928a","reader_fragment":"p-31721-33505-a3e8b83b8806ebb4","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-31721-33505-a3e8b83b8806ebb4","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-19-33005","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":32153,"character_end":32163,"quote":"section 19","quote_sha256":"8b5037d2a57e79d0f604a421610c7066e6226909af7b622e7db425409ab1585e","reader_fragment":"p-31721-33505-a3e8b83b8806ebb4","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-31721-33505-a3e8b83b8806ebb4","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":31983,"character_end":32393,"quote":"imultaneous with the issue of public announcement referred in clause \r\n(a); and \r\n \r\n(c)  the increase in the value of the security as provide under sub-section (3) of \r\nsection 19. \r\n \r\n18. Withdrawal of public offer.⸻ (1) A public offer, once made, may be withdrawn⸻ \r\n \r\n(a)  if the withdrawal is consequent upon any competitive bid;  \r\n \r\n(b)  if the sole acquirer, being a natural person, has died; or \r\n ","quote_sha256":"30fe716518cc7e1ff8a29900556bd7b3f10378781a6a9678eea3ff264bd4e356","reader_fragment":"p-31721-33505-a3e8b83b8806ebb4","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-31721-33505-a3e8b83b8806ebb4","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-6fc9d4d549ed213b7dc1","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"19","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":33005,"character_end":33325,"quote":"19. Security to be furnished by the acquirer.⸻ (1) The acquirer shall furnish a security for \r\nperformance of his obligations on such terms and conditions as may be prescribed. \r\n \r\n(2) The total consideration payable under the public offer shall be calculated assuming full \r\nacceptance irrespective of whether the cons","quote_sha256":"750f0df15a641f14785f71f7c765835f45650873a10c1569b7d0bac9035d928a","reader_fragment":"p-31721-33505-a3e8b83b8806ebb4","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-31721-33505-a3e8b83b8806ebb4","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-19-33005","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":34060,"character_end":34070,"quote":"section 19","quote_sha256":"8b5037d2a57e79d0f604a421610c7066e6226909af7b622e7db425409ab1585e","reader_fragment":"p-33505-35276-203b50415953cb59","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-33505-35276-203b50415953cb59","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":33890,"character_end":34300,"quote":"e of the public offer open a special account with a scheduled bank and deposit therein such \r\nsum as would, together with ninety per cent of the security furnished under section 19, make up the \r\nentire um due and payable to the shareholders as consideration for acceptances received and accepted \r\nin terms of the public offer. \r\n \r\n(2) The unclaimed balance in the account referred to in sub-section (1) shal","quote_sha256":"fc4329c579d0a9aaef4cc8ccfaaccd050e9dacf2e1e1772242d52d7258695622","reader_fragment":"p-33505-35276-203b50415953cb59","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-33505-35276-203b50415953cb59","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-0aaa2d9081389404cf4d","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"21","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":34665,"character_end":34985,"quote":"21. Enquiry.⸻ The Commission may appoint one or more persons as enquiry officer or \r\nofficers to undertake an enquiry for any of the following purposes, namely:⸻ \r\n \r\n(a)  to enquire into the complaints received from the investors holding not less \r\nthan one-tenth of the total voting powers in a target company, on any ","quote_sha256":"cc0d2f09a086fffa4261703f10f6dfdbdc19117a3f6c8224337273d51592d9f6","reader_fragment":"p-33505-35276-203b50415953cb59","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-33505-35276-203b50415953cb59","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-21-34665","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":35430,"character_end":35440,"quote":"section 21","quote_sha256":"ebc9ea8ee014ed231f70dccb67199d97ab87593e8cb49122b4471354807853ab","reader_fragment":"p-35276-37065-230cacda397ad58b","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-35276-37065-230cacda397ad58b","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":35260,"character_end":35670,"quote":"Ordinance; \r\n \r\n(c)  to ascertain whether the provisions of this Ordinance are being complied with: \r\n \r\n22. Notice before enquiry.⸻ (1) Before ordering an enquiry under section 21, the \r\nCommission shall give not less than seven days’ notice to the acquirer, the seller, the target \r\ncompany, the manager to the offer as the case may be. \r\n \r\n(2) During the course of an investigation, the acquirer, the selle","quote_sha256":"c7f5cec08dacd3135ffe730016bc361a29064072b1f58f13978cd0893cd8be31","reader_fragment":"p-33505-35276-203b50415953cb59","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-33505-35276-203b50415953cb59","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-f43d37eae9fb30f47ca0","source":"pk-code-f1c49c019acf3ce9","target":"pk-code-f1c49c019acf3ce9","provision_kind":"section","provision_number":"18","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":32170,"character_end":32490,"quote":"18. Withdrawal of public offer.⸻ (1) A public offer, once made, may be withdrawn⸻ \r\n \r\n(a)  if the withdrawal is consequent upon any competitive bid;  \r\n \r\n(b)  if the sole acquirer, being a natural person, has died; or \r\n \r\n(c)  in such circumstances as may be prescribed. \r\n \r\n(2) In the event of withdrawal of the pub","quote_sha256":"5425a80cbe2ee5b4ac874aca52f39f6bbc28576a3d4b4f0c61d6e6d20cbcd314","reader_fragment":"p-31721-33505-a3e8b83b8806ebb4","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-31721-33505-a3e8b83b8806ebb4","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-18-32170","evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":38856,"character_end":38866,"quote":"section 18","quote_sha256":"bfe92c5e96adcd593644c1c8b9809e07fafdda5a2e97f5052dcd997c5f6c858e","reader_fragment":"p-38844-40614-433f2c73e2a6e78d","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-38844-40614-433f2c73e2a6e78d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":38686,"character_end":39096,"quote":" action against the person concerned as may be necessary. \r\n \r\n26. Penalties for non-compliance.⸻ (1) In the event of withdrawal of public offer, except as \r\nprovided in section 18, or contravention of any provision of this Ordinance, the acquirer and any \r\nperson acting in concert shall stand debarred as acquirers for the next three years. \r\n \r\n \r\nPage 17 of 19 \r\n \r\n(2) In case the board of directors or 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\r\nOrdinance, 1984","quote_sha256":"a8f401919719f4106646e905f92330832983b671234fda72194796d96b156634","reader_fragment":"p-5276-7056-4db4726186568b6d","reader_url":"/laws/pk-code-f1c49c019acf3ce9#p-5276-7056-4db4726186568b6d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2FtbZ8%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-f1c49c019acf3ce9","text_version_id":"law:pk-code-f1c49c019acf3ce9:sha256:376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","text_sha256":"376b907dddddbd9f0727662c36535297232b3bb2bcdfb950226295d965c3e9e7","character_start":6507,"character_end":6952,"quote":" a pre-public issue or public issue; \r\n \r\n(b)  allotment of voting shares pursuant to a right issue 1[except voting shares \r\nallotted and issued under sub-section (7) of section 86 of the Companies \r\nOrdinance, 1984 (XLVII of 1984)] \r\n \r\n(c)  allotment of voting shares to the underwriters pursuant to any underwriting \r\nagreement; \r\n \r\n(d)  acquisition of voting shares in the ordinary course of business by banks and \r\nfinancial institutions 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