AIRLINK 58.50 Decreased By ▼ -0.10 (-0.17%)
BOP 6.26 Increased By ▲ 0.05 (0.81%)
CNERGY 3.96 Decreased By ▼ -0.03 (-0.75%)
DFML 16.01 No Change ▼ 0.00 (0%)
DGKC 68.55 Increased By ▲ 1.23 (1.83%)
FCCL 17.85 Increased By ▲ 0.30 (1.71%)
FFBL 25.50 Decreased By ▼ -0.39 (-1.51%)
FFL 9.20 Increased By ▲ 0.06 (0.66%)
GGL 9.80 Increased By ▲ 0.03 (0.31%)
HBL 114.00 Increased By ▲ 1.50 (1.33%)
HUBC 111.85 Decreased By ▼ -3.44 (-2.98%)
HUMNL 6.53 Decreased By ▼ -0.06 (-0.91%)
KEL 4.37 Increased By ▲ 0.15 (3.55%)
KOSM 4.59 Increased By ▲ 1.03 (28.93%)
MLCF 37.80 Increased By ▲ 0.69 (1.86%)
OGDC 125.44 Increased By ▲ 9.04 (7.77%)
PAEL 22.55 Decreased By ▼ -0.16 (-0.7%)
PIAA 11.13 Increased By ▲ 0.34 (3.15%)
PIBTL 6.18 Decreased By ▼ -0.07 (-1.12%)
PPL 109.00 Increased By ▲ 5.00 (4.81%)
PRL 26.81 Increased By ▲ 0.42 (1.59%)
PTC 10.55 Increased By ▲ 1.02 (10.7%)
SEARL 52.70 Increased By ▲ 0.71 (1.37%)
SNGP 66.35 Increased By ▲ 1.23 (1.89%)
SSGC 11.02 Increased By ▲ 0.09 (0.82%)
TELE 7.14 Decreased By ▼ -0.07 (-0.97%)
TPLP 12.00 Increased By ▲ 0.01 (0.08%)
TRG 76.45 Decreased By ▼ -0.40 (-0.52%)
UNITY 20.41 Decreased By ▼ -0.08 (-0.39%)
WTL 1.31 Increased By ▲ 0.01 (0.77%)
BR100 6,426 Increased By 94.3 (1.49%)
BR30 21,976 Increased By 345.9 (1.6%)
KSE100 62,816 Increased By 901.5 (1.46%)
KSE30 21,134 Increased By 282.7 (1.36%)

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) recently made changes in the Companies (Postal Ballot) Regulations, 2018, whereby the right to vote through electronic voting facility must be provided to members of every listed company for all businesses classified as ‘special business’ under the Companies Act 2017.

These amendments have especially been introduced to add greater value to the shareholders for their maximum participation by facilitating them to cast their votes with the accessibility of eVoting system from anywhere in the world, thus bringing greater ease and transparency in the election/ polling process while reducing/ eliminating paper-based working at the issuer(s) end.

Being the leading Share Registrar Service partner, CDC Share Registrar Services Limited (CDCSR), a wholly owned subsidiary of Central Depository Company of Pakistan Limited, recently conducted a series of awareness sessions regarding the recent amendments, held at the CDC’s Karachi and Lahore offices with representatives of listed companies.

These sessions, hosted by CDCSR representatives, included a detailed presentation, system demo and Q&A sessions. It must be highlighted here that CDCSR, being a proactive industry leader, has already been providing e-voting services since 2018 and is therefore fully capable of optimizing the challenges faced by capital market stakeholders due to the subject amendments.

These sessions were successful as the companies showed their confidence and willingness to opt for the e-voting solution offered by CDCSR for their upcoming events. CDCSR has successfully extended its eVoting facility to leverage the shareholders of National Bank of Pakistan, Faysal Bank Limited, United Bank Limited, Askari Bank Limited, Allied Bank Limited, Sazgar Engineering Works Limited and Synthetic Products Limited etc.

Copyright Business Recorder, 2023

Comments

Comments are closed.