Ministry of Finance Re: Prescription of Conditions for Securities Company to Apply for Approval of Person to be Major Shareholder (as amended) Clause 1 In this Notification: "securities company" 1
Notification; and (4) have shareholder holding exceeding ten percent of total shares sold with qualifications specified under Clause 3(2) (3) and (4). Where shareholder according to Sub-clause (4) is a legal
SEC’s Notification; (2) 1 have the following shareholder or shareholders held its shares not less than fifty percent of total shares sold: (a) commercial bank under law on commercial banking; (b
working capital will be sufficient to cover its projected expenses incurred in connection with business operation as specified in the SEC’s Notification; and (4) have shareholder holding exceeding ten
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, and establishing provident funds. 6. The board should demonstrate a thorough understanding of the company’s shareholder structure and its impact on the control and management of the company. 7. The
take part in determining directions and significant operations of the activities. Some of significant rights of the shareholders are: Rights before a decision to invest Rights as a shareholder SEC
Commerce. This topic measures the strength of minority shareholder protection against directors' misuse of corporate assets for their personal gain as well as shareholder rights, governance safeguards and