The Karachi Stock Exchange (Guarantee) Limited’s capital adequacy requirement-certificate of net capital balance
Karachi: This is further to our Notices No. KSE/N-3915 dated July 26, 2011 and No. KSE/N-4357 dated August 25, 2011 reminding Members to submit their Certificates of half yearly Net Capital Balance as of June 30, 2011 by September 15, 2011.
Considering Members’ difficulties in fulfilling this requirement due to shortened working hours during the just passed holy month of Ramazan and extended Eid holidays, the Board of Directors of the Exchange in its meeting held on September 8, 2011, In order to facilitate the Members, has decided to allow one-time relaxation by extending the submission date of above-referred Certificate to the Exchange latest by September 30, 2011 instead of September 15, 2011.
Please note that per-day penalty on submission of Net Capital Balances Certificates later than September 30, 2011 will be applicable as same was notified vide our above mentioned notices.
This revision in the reporting date for Certificates of Net Capital Balances will be applicable only for this period.
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136