F O R M – II

FORM FOR SUBMISSION OF UNDERTAKING AND PAYMENT OF FEES*

Dated:________________

The Secretary

Islamabad Stock Exchange (Guarantee) Limited

Islamabad.

Re: LISTING ON THE STOCK EXCHANGE

With reference to our Listing application under Section 9 of the Securities and Exchange Ordinance, 1969, we enclose herewith the following:-

(1) An unconditional undertaking under the Common Seal of the Company duly signed in accordance with the provisions contained in our Articles of Association.

(2) *A cheque of Rs.__________________ towards annual Listing Fee as per your Listing Regulations.

 

Yours faithfully

____________

SIGNATURE 

 

Note: *If Initial Listing Fee have not been waived by ISE

 

 

 

ANNEXURE TO FORM – II

FORM OF UNCONDITIONAL UNDERTAKING UNDER LISTING REGULATION NO. 5

ON NON-JUDICIAL STAMP PAPER

Dated: _______________       

The Governing Board of Directors

Islamabad Stock Exchange (Guarantee) Limited

Islamabad.

U N D E R T A K I N G

We undertake, unconditionally, to abide by the Listing Regulations of the Islamabad Stock Exchange (Guarantee) Limited which presently are, or hereinafter may be in force.

We further undertake:-

(1) That our shares and securities shall be quoted on the Ready Quotation Board and/or the Cleared List at the discretion of the Exchange.

(2) That the Exchange shall not be bound by our request to remove the shares of securities from the Ready Quotation Board and/or the Cleared List.

(3) That the Exchange shall have the right, at any time to suspend or remove the said shares or securities for any reason which the Exchange consider sufficient in public interest.

(4) That such provisions in the Articles of Association of our company or in any declaration or agreement relating to any other security as are or otherwise not deemed by the Exchange to be in conformity with the Listing Regulations of the Exchange shall, upon being called upon by the Exchange, be amended to supersede the Articles of Association of our company or the nominee relating to the other securities to the extent indicated by the Exchange for purposes of amendment and we shall not raise any objection in relation to a direction by the Exchange for such amendment; and

(5) That our company and/or the security may be de-listed by the Exchange in the event of non-compliance and breach of this undertaking.

Yours faithfully,             

                                                          (Signature of authorized person)         Common seal of the company