Companies Share Capital (Variation in Rights and Privileges) Rules, 2000
The Companies’ Share Capital (Variation in Rights and Privileges) Rules, 2000 were made by Securities and Exchange Policy Board in exercise of the powers conferred by section 506 of the Companies Ordinance, 1984 (XLVII of 1984), read with section 90 thereof, and clause (b) of section 43 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997)
A company limited by shares may have more than one kind of share capital and may have different classes of shares under each kind. Each kind of share capital of a company and class or classes of its shares, if any, as specified in the memor andum and articles may have different rights and privileges, which shall be provided in the articles of association of company. No company shall issue further share capital of any kind or class carrying different rights and privileges except with prior approval of the Securities and Exchange Commission of Pakistan to be obtained on the basis of a special resolution.
