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    Legal Semester 4

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    Ibrahim Gillani
    The document discusses various types of company meetings and share buybacks under company law. It describes statutory meetings that must be held within certain time periods of incorporation, annual general meetings that must be held yearly, and extraordinary general meetings that can be called when needed. It also discusses board meetings, creditor meetings, class meetings, and meetings called by shareholder requisitions. Share buybacks can be sponsor buybacks or company buybacks, with company buybacks subject to regulations. Shares bought back may be held as treasury shares or cancelled. Reduction of capital through alteration of articles is also discussed.

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    © All Rights Reserved
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    Legal Semester 4

    Uploaded by

    Ibrahim Gillani
    13 views3 pages
    The document discusses various types of company meetings and share buybacks under company law. It describes statutory meetings that must be held within certain time periods of incorporation, annual general meetings that must be held yearly, and extraordinary general meetings that can be called when needed. It also discusses board meetings, creditor meetings, class meetings, and meetings called by shareholder requisitions. Share buybacks can be sponsor buybacks or company buybacks, with company buybacks subject to regulations. Shares bought back may be held as treasury shares or cancelled. Reduction of capital through alteration of articles is also discussed.

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    legal semester 2

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    The document discusses various types of company meetings and share buybacks under company law. It describes statutory meetings that must be held within certain time periods of incorporation, annual general meetings that must be held yearly, and extraordinary general meetings that can be called when needed. It also discusses board meetings, creditor meetings, class meetings, and meetings called by shareholder requisitions. Share buybacks can be sponsor buybacks or company buybacks, with company buybacks subject to regulations. Shares bought back may be held as treasury shares or cancelled. Reduction of capital through alteration of articles is also discussed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    13 views3 pages

    Legal Semester 4

    Uploaded by

    Ibrahim Gillani
    The document discusses various types of company meetings and share buybacks under company law. It describes statutory meetings that must be held within certain time periods of incorporation, annual general meetings that must be held yearly, and extraordinary general meetings that can be called when needed. It also discusses board meetings, creditor meetings, class meetings, and meetings called by shareholder requisitions. Share buybacks can be sponsor buybacks or company buybacks, with company buybacks subject to regulations. Shares bought back may be held as treasury shares or cancelled. Reduction of capital through alteration of articles is also discussed.

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    You are on page 1of 3

    Buy backing in the laws

    - Sponsor buy back


    - Company buy back
    Company buy back

    When you alter your memorandum


    Descending shareholder
    Case of alteration is pass with the SECP

    CONVERSION FROM PUBLIC TO PRIVATE (shareholders don’t want to continue with the buy
    back) .
    Listing stage, delisting committee apply the price.

    Company buy back a listed company may subject to the regulations may purchase its own
    shares,
    Private
    Public non listed
    Public listed

    95 A stock amends and treasury stock conversion was there. NBP and OGDC
    Kept as a treasury stock.
    Either it can be in the treasury or stock or be cancelled.
    Reporting rights shall be suspended.
    - They won’t have voting rights
    - They won’t have dividends

    Reduction of capital
    - Listed company
    - Profitable listed company
    Alteration of article
    Reduction of capital

    Two ways company would invest


    - Assets
    - Business
    Either it is business loss or asset unrepresented

    Payoff any paid up share capital in excess of the need of the company

    Steps
    Announcement
    Justification
    Reasoning
    Objections by the creditor

    Managerial aspect of the company law


    Types
    Meetings

    Meeting related matters

    Meeting related matters

    - Calling off meetings


    - 1) general meetings
    - Sec 131 statutory meetings
    - 132 annual meetings
    - 133- calling of extra ordinary general meetings

    Board
    1. Audit
    2. HR
    3. Procurement
    4. Nomination
    5. Risk management

    Creditors

    - Creditors meetings
    - Reconstitution

    Class meeting
    When How Why
    1) Statutory Meetings
    270 days from by issuing 21 day’s notice To discuss S.R + future
    incorporation. From the along with statutory report planning
    date 180 days from cob
    (whichever is early ) Routine
    sec 131 + sp business

    2) AGM

    16 months from COI


    Subsequent 30-6
    31-12

    3) EOGM
    Election is the only business
    which can be held in eogm

    Subsection 5

    The requisitions themselves will call a meeting in case the meeting is not called within the
    90 days.
    Meeting legal status when there is a CORUM

    MERGERS AND ACQUISITION

    PRIVATE VS PUBLIM MEETING CORUM

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