• PAK SEC issued a circular re filing of return with registrar for change in shareholding.

Filing

• Per the Companies act, 2017, it is mandatory for an unlisted company to report any change of more than 25% in its shareholding, membership or voting rights on Form-3.
• PAK SEC clarifies that such companies may also file Form-3 with the registrar about any change of 25% or less in its shareholding or membership or voting rights.
• This clarification aims to address practical difficulties being faced in reporting transfer of shareholding, and in order to keep the record of shareholding of companies updated.