Byline: RECORDER REPORT
The board of directors of Karachi Stock Exchange (KSE) has approved Concept Paper on online transfer of profit on cash margin to members. The KSE board of directors has taken some key decisions in its meeting held here on Wednesday. The board approved the Condensed Interim Financial Statements [un-audited] of the Exchange along with Directors' Review for the period ended March 31, 2012, which are being circulated to the members separately.
The following recommendations of the Companies Affairs Committee were approved:
i. Standard Operating Procedure (SOP) to follow sequence of actions against listed companies, in default of payment …