Friday, May 29, 2009

Individual Membership

a) Three passport size photographs.
b) Copy of National Identity Card
c) Pay order of RS. 7.5 million in favour of Islamabad Stock Exchange being Membership Admission Fee (Refundable in case if Membership is refused).
d) Affidavit on Rs. 10/- non-judicial Stamp Paper regarding eligibility criteria.
e) Copies of Educational Degrees (Only for graduation and higher levels).
f) Copies of income assessment orders for the last three consecutive years
g) Evidence (s) towards Stock Market experience.
h) A Bank reference.
Corporate Membership
1. Membership application on the prescribed form.
2. Photocopy of Certificate of incorporation.
3. Photocopy of Certificate of Commencement of business (for public company).
4. Audited accounts of Company for the last three years (if the company is in operation for such period).
5. Certificate for the auditors regarding the Shareholders' Equity.
6. Certified copy of resolution of the Directors of company authorizing a person to apply for the membership of the Exchange on behalf of the company (Annex-A)
7. Certified copy of the list of Directors of the company along-with their complete addresses and number of shares held by each of them in the capital of the company.
8. Certified copy of the list of Directors specifying their directorship in other companies.
9. Certified copy of the resolution of the Directors of company nominating one of its Directors to represent the Corporate Membership at the ISE in all respects (Annex-B)
Note: The nominee Director of the company shall not be a member of the ISE nor shall be a nominee of any other Corporate Member of the Exchange.
10. An Undertaking as per specimen (Annex-C)
11. An affidavit by the Chief Executive of the company in the prescribed form (Annex-D)
12. Documents in support of academic qualifications and stock market experience of al-least two Directors (including the Chief Executive).
13. Documents in support of payment of Income Tax (I.T.30s) and wealth tax assessment of at-least two directors for the last three consecutive years.
14. Five copies of Memorandum & Articles of Association of Company.
15. Bank Reference (to be obtained directly from the Bankers of the company named in the membership application).
16. Photocopies of NIC of all Directors of the company.
17. Cheque/Pay Order of Rs. 4,500,000 (Rupees 4.5 million) in favour of Islamabad Stock Exchange (Guarantee) Limited. The balance membership fee of Rs. 3,000,000/- shall be required to be deposited once the letter of intent has been issued to Applicant by the Exchange.
18. Investment portfolio of the company (if applicable);
i) as on the date of application;
ii) average portfolio for the last three years;
iii) clients investments handled during the last three years.
19. Pattern of Shareholding.
20. List of Company Officials;
i) Chief Executive
ii) Secretary
iii) Chief Accountant
iv) Auditors
22. Any other document(s) as may be found necessary in the process of Membership application.

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