KSE seeks capital adequacy certificate

KARACHI: Karachi Stock Exchange (KSE) has asked its members to submit the certificate of net capital balance (for the period ending June 30, 2009) by September 30, 2009 to avoid penalty. According to KSE notice of July 9, 2009, the members are required to submit bi-annually certificates from the prescribed auditors confirming their net capital balance as on June 30 and December 31, by September 30 and March 31 respectively.
These certificates are used for the purpose of calculating their respective capital adequacy of each member.

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THK Associates (Private) Limited: Shares Registrar

THK Associates (Pvt) Limited was formed in 1989. The company is engaged in providing specialized services relating to the corporate sector and in particular acts as share transfer agent for a number of companies. THK Associates (Pvt) Limited is one of the leading service provider of Share Registrar, Transfer Agent, Balloters for IPO’s and Share Accounting Services and is managed and run by a set of professionals having indepth knowledge and expertise of organizing and managing diversified corporate activities including depository related Share Registrar activities. THK Associates (Pvt) Limited, previously an associate of KPMG Taseer Hadi & Co., has been restructured in terms of requirements of Clause XL of the Code of Corporate Governance and the shareholding of THK partners has been divested in the year 2004. Mr. Yunus Dawood, Chief Executive of DYL Motorcycle Limited, a shareholder and Director was appointed as Chairman of the Company in 2008. Mr. Javed Iqbal, former Chairman an

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