CDC issues rules for securities’ transfer
KARACHI: The Central Depository Company (CDC) of Pakistan Limited will facilitate transfer of book entry securities in the Central Depository System against declaration of assets under the tax amnesty scheme by way of the Voluntary Declaration of Domestic Assets Act, 2018 and the Foreign Assets (Declaration and Repatriation) Act, 2018, a statement said on Thursday.
CDC, with the prior approval of the Securities and Exchange Commission of Pakistan (SECP), has issued necessary circular detailing the requirements and procedures of such securities’ transfers. The circular has been made available on CDC’s website for ready reference, it said.
CDC believes that this initiative will help the declarants avail the benefits offered by the government of Pakistan in the tax amnesty scheme. CDC is the sole depository of Pakistan, holding custody of securities worth Rs5.3 trillion (equivalent to $44 billion) in electronic format, it added.
-
Kelsea Ballerini, Chase Stokes Not On Same Page About Third Split: Deets -
Shanghai Fusion ‘Artificial Sun’ Achieves Groundbreaking Results With Plasma Control Record -
Princess Anne Enjoys Andrea Bocelli, Lang Lang Performances At Winter Olympics Opening Ceremony -
Ben Stiller Cherishes Working With Late David Bowie -
Anti-inflammatory Teas To Keep Your Gut Balanced -
Polar Vortex ‘exceptional’ Disruption: Rare Shift Signals Extreme February Winter -
Which Countries Are Worst And Best In Public Sector AI Race? -
Matthew McConaughey Opens Up About His Painful Battle With THIS -
Emma Stone Reveals She Is ‘too Afraid’ Of Her ‘own Mental Health’ -
China Unveils ‘Star Wars’-like Missile Warship For Space Combat -
King Charles Facing Pressure Inside Palace Over 'Andrew Problem' -
Trump Refuses Apology For Video Depicting Obama As Apes Amid Growing Backlash -
Jesy Nelson Reflects On Leaving Girls' Band Little Mix -
World’s First Pokemon Theme Park Opens In Tokyo, Boosts Japan Tourism -
Waymo Trains Robotaxis In Virtual Cities Using DeepMind’s Genie 3 -
5 Simple Rules To Follow For Smooth, Healthy Hair