0334 9590247
info@kkconsultant.net
Facebook
LinkedIn
    Menu
    • Home
    • Company
      • About KK Consultant (SMC-PVT) Ltd
      • Clients
    • Services
    • Corporate
    • Tax
      • Tax Rate for Salaried Individuals
      • Withholding Tax Rates
      • Tax Rate for AOP’s and Business Individuals
      • Corporate Tax Rate
      • Tax and Accounting Depreciation
      • Tax Advisory Services
      • Statement of Tax Collected and Deducted
      • Bookkeeping and Accounting for Tax Purposes
      • Employment Taxation
        • Corporate Taxation
      • Advance Tax
      • Changes in NTN
      • Enrollment- Individuals
      • Enrollment – AOP’s and Companies
    • Knowledge Center
      • Download
      • Sales Tax Rate in Pakistan
      • SECP Compliance
      • Professional Tax
      • Taxes on IT Exports Services
      • Govt Pension & EOBI Pension
      • Minimum Wage
    • Contact us
    CLOSE
SECP Introduces E-IPO and E-Dividend Concept for Capital Market

SECP Introduces E-IPO and E-Dividend Concept for Capital Market

May 22, 2017Abdul MajidUncategorizedNo comments

SECP Introduces E-IPO and E-Dividend Concept for Capital Market

In order to facilitate the public by providing efficient, easy and hassle-free mechanism to apply for subscription of securities of companies offered for sale through initial public offerings (IPOs), Central Depository Company (CDC) with active support of 1Link (Guarantee) Limited and under the guidance of the Securities and Exchange Commission of Pakistan (SECP) and State Bank of Pakistan (SBP)  has introduced the concept of centralized e-IPO system (CES).

Under the newly introduced Centralized e-IPO system, application for subscription of securities can be made electronically. Investors having a valid CNIC, bank account with any scheduled bank and CDC account can electronically register themselves “24/7 throughout the year” . Only registered investors can apply for the subscription of securities through any of the banking channels (ATM, net banking, mobile App and over the counter).

Furthermore, CDC, with the lead support of the SBP, is in the process of introducing e-dividend concept. The implementation of e-dividend concept will assure electronically credit of dividend into the bank accounts of the investors.

On the one hand, e-IPO system will, increase the outreach of IPOs, promote the culture of keeping securities in book-entry form and will make the IPO process more user-friendly and efficient.

On the other hand, e-dividend concept will remove the inefficiencies relating to the payment of dividend through dividend warrants.

With the active support of the SBP, the SECP has instituted various measures to utilize the efficient banking channels to support a more efficient and hassle-free mechanism for investors of capital market.

See also  MOA for Textile Weaving Company-SECP

Courtesy by Investorslounge

Abdul Majid
Previous post Availability of Name Guide Next post Pakistan Budget 2017-18 at a glance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Step by Step Conversion of SMC to PVT Ltd
  • S.R.O.1806(I)/2024. Issued on 8th November 2024 by SECP
  • Treatment of Directors Loan in Pakistan
  • Burden of Proof In ITO, 2001 in Pakistan
  • Future of Corporate Consultancy

Quick Links

Employee Login
Payment Methods
Careers
Download
Tracking
Scam Protection

Accredited by

Our Courier Partners

Important Links

PTCL Tax Certificate
Jazz Tax Certificate
Ufone Tax Certificate
Telenor Tax Certificate
Zong Tax Certificate
Western Union (Statement)
Get your SNGP Bill
Get your SSGC Bill
Check NTN
Check Name Availability
Check Active Taxpayer

Registered with

Blog

  • Step by Step Conversion of SMC to PVT Ltd
  • S.R.O.1806(I)/2024. Issued on 8th November 2024 by SECP
  • Treatment of Directors Loan in Pakistan
  • Burden of Proof In ITO, 2001 in Pakistan
  • Future of Corporate Consultancy
  • Future of Tax Consultancy in Pakistan
© Copyright 2017-2024 All rights reserved. KK Consultant (SMC-PVT) LIMITED