Monopoly Control Authority (Supply of Information) Rules 1995

No comments yet. Be the first to comment

MONOPOLY CONTROL AUTHORITY (SUPPLY OF INFORMATION) RULES, 1995

[Gazette of Pakistan, Part IV, 8th November, 1995]

**No. 75(I)MCA/Admn/76.**In exercise of the powers conferred by section 24 read with Practices (Control and Prevention) Ordinance, 1970(V of 1970) the Monopoly control Authority hereby makes the following rule:--

1. Short title and commencement. ‑‑(1) These Rules may be called the Monopoly Control Authority (Supply of Information) Rules, 1995.

(2) They shall come into force at once.

2. Definitions.‑‑(1) In these rules, unless there is anything repugnant in the subject or context:‑‑

(a) "Ordinance" means the Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance, 1970 (V of 1970);

(b) "undertaking" means any concern, institution, establishment or enterprise engaged in the production, supply or distribution of goods, or in the provision or control of any service.

(2) All other terms and expressions shall have the same meanings as are assigned to them in the Ordinance.

3. Supply of information.‑‑An undertaking the total value of assets of which is not less than one hundred and fifty million rupees shall furnish to the Authority every year, within six months of the closing of its financial year, the following information:‑‑‑

(a) particulars of its shareholder who together with his relatives as set out in Schedule I to these Rules owns, holds or controls shares carrying not less than fifty percent. of the voting power in it;

(b) particulars of its shareholders who obtained or gave proxies to other shareholders as set out in Schedule 11 to these Rules for exercising influence over its management or policies;

(c) names and addresses of other undertakings which own, hold or control shares in it and are owned, managed, or controlled by shareholders mentioned in clause (a) above;

(d) 3 copies of its annual report and audited accounts including balance sheet and profit and loss account;

(e) particulars of persons who own, hold or control share carrying not less than thirty percent. of the voting power in it as set out in Schedule III to these Rules;

(f) list of Directors alongwith information about their inter se relationship, if any;

(g) position held by its Directors, Chief Executive, Managing Partner or Secretary in other undertaking(s) as set out in Schedule IV to these Rules ;

(h) detail of its dealings with the associated undertaking(s) as set out in Schedule V to these Rules;

(i) volume of its business as. set out in Schedule VI to these Rules;

(j) copy of each agreement entered into or memorandum signed by it or on its behalf as is referred to in clauses (i), (j), (k) and (1) of subsection (1) of section 16 of the Ordinance.

Schedule ‑ I

Particulars of the shareholder who together with his/her relatives, as set out below, hold or control shares carrying not less than fifty percent. of the voting power:

Name of the shareholder:????????? _______________________________

Father's/Husband's name;????????? _______________________________

Residential address:????? ??????????? _______________________________

???????????

Detail of shareholding: (of the individual)

|--------------------------|--------------------|-------------------| | Relationship | No. of shares held | % of voting power | | Self | | | | Spouse | | | | Brothers | | | | Sisters | | | | Father | | | | Mother | | | | Grandfather | | | | Grandmother | | | | Other lineal ascendants | | | | Sons | | | | Daughters | | | | Grandsons | | | | Granddaughters | | | | Other lineal descendants | | | | Total | | |

* Legal entity in relation to an undertaking means a public company, a private company, an unlimited company, a trust a parptership firm or a sole‑prorietorship.

Schedule ‑II

Name of undertaking: ___________________ Legal entity: ___________________??????????????

Address (head office):

Business: ___________________?????????????????? Telephone No. _________________

??????????????????????????????????????????????????????????????????????? Tele-fax No. ___________________

??????????????????????????????????????????????????????????????????????? Year: ________________________

A. Particulars of shareholder(s) who obtained proxies from other shareholder(s) for exercising the voting right on his/their behalf:

|------------------------------------------|----------------------|-------------------------------------------|------------------------------------------| | Name along with father's/ husband's name | Ordinary shares held | Position held, if any, in the undertaking | No. of shares for which proxies obtained | | | | | |

B. Particulars of shareholders) who gave proxies for exercising the voting right to other shareholders)

|------------------------------------------|----------------------|---------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------| | Name along with father's/ husband's name | Ordinary shares held | Position held, if any. in throe undertaking | Name of the shareholders) to whom proxies given with no. of shares for which proxies given, if different than the number mentioned in column 2 | Relationship with the shareholder(s) to whom proxies given | | | | | | |

* Legal entity in relation to an undertaking means a public company, a private company, an unlimited company, a trust, a partnership firm or a sole‑prorietonship.

Schedule ‑ III

Name of undertaking : _______________??????? Legal entity *: _________________

Address (head office) ___________

Business: _________________________

??????????????????????????????????????????????????????????????????????? Telephone No. _________________

???????????????????????

??????????????????????????????????????????????????????????????????????? Year: _________________________

++SHAREHOLDING++

?

|-----------------------------------------------------------------------------|---------------------------|----------------------------------|---------------------|-----------------------------------------|-------------------| | Name of person holding not less than 30% ordinary shares in the undertaking | Father's / Husband's name | Position held in the undertaking | Residential address | No. of shares owned, held or controlled | % of voting power | | | | | | | |

* Legal entity in relation to an undertaking means a public company, a private company, an unlimited company, a trust a partnership firm or a sole‑prorietorship.

Schedule ‑ IV

Name of undertaking: _____________________ Legal entity *: ___________________

??????????????????????????????????????????????????????????????????????? ???? Address (head office) _____________

Business: ______________________________? Telephone No. ___________________

??????????????????????????????????????????????????????????????????????? Tele-fax No. _______________________

??????????????????????????????????????????????????????????????????????? Year: _____________________________

++INFORMATION OF DIRECTORS/PARTNERS/OWNERS/OFFICERS++

|-------------------------------------------|----------------------------------|---------------------|---------------------------------------|-----------------------------------------------------| | A. Directors/Partners/Owners: ||||| | Name along with father's / husband's name | Position held in the undertaking | Residential address | Position held in other undertaking(s) | Name of other undertaking(s) in which position held | | | | | | | | B. Chief Executive/Managing Partner: ||||| | C. Company Secretary |||||

??????????????????????? ?

Schedule ‑ V

Name of undertaking: _________________ Legal entity *: _____________________

??????????????????????????????????????????????????????????? ?????? Address (head office): ________________

Business: __________________________ Telephone No. _____________________

??????????????????????????????????????????????????????????? ??????? Tele-fax No. _______________________

??????????????????????????????????????????????????????????? ??????? Year: _____________________________

A.

|-------------------------------------|--------------|--------------|----------------------|-------------------|-------------------------------|------------------|------------------------------|----------|-------------|-----------------------------| | Name of associated understanding(s) | Investment in associated undertaking (s) ||| Dividend received | Loans & advances given to associated undertaking (s) ||| Sales to ass. Understanding (s) || Nature of association * * | | | Shares (No.) | Amount (Rs.) | % to paid-up capital | (Cash & kind) | Balance as per accounts (Rs.) | Duration of loan | Rate of interest/Mark-up (%) | Quantity | Value (Rs.) | | | | | | | | | | | | | | | Total: | | | | | | | | | | |

B.

|-------------------------------------|--------------|--------------|----------------------|----------------|-------------------------------|------------------|------------------------------|----------|-------------|-----------------------------| | Name of associated understanding(s) | Investment in associated undertaking (s) ||| Dividend paid | Loans & advances received to associated undertaking (s) ||| Purchase from ass. Understanding (s) || Nature of association * * | | | Shares (No.) | Amount (Rs.) | % to paid-up capital | (Cash & kind) | Balance as per accounts (Rs.) | Duration of loan | Rate of interest/Mark-up (%) | Quantity | Value (Rs.) | | | | | | | | | | | | | | | Total: | | | | | | | | | | |

* Legal entity in relation to an undertaking means a public company, a private company, an unlimited company, a trust, a partnership firm or a sole‑prorietorship.

* * Nature of association in relation to undertakings means any two or more undertakings inter‑connected with each other in the following manner, namely:

(i) if a person who is the owner or a partner of an undertaking or who directly or indirectly holds or controls shares carrying not less than thirty percent of the voting power in such undertaking, is also the owner or partner of another undertaking or, directly or indirectly, holds or controls shares carrying not less than thirty percent of the voting power in that undertaking; or

(ii) if the undertakings are under common management or common control or one is the subsidiary of another.

Schedule ‑ VI

Name of undertaking: _______________________ * Legal entity __________________

??????????????????????????????????????????????????????????????????????????????????? Address (head office) __________

Business: ________________________________???? Telephone No. _______________

??????????????????????????????????????????????????????????????????????????????????? Tele-fax No. _________________

??????????????????????????????????????????????????????????????????????????????????? Year: _______________________

|-------------------------------------|---| | ???????????????????????? Installed: | |

CAPACITY:

|-----------------------------------|---| | ??????????????????????? Utilised: | |

|-----------------------------------------------------------|-----|-------|-----|---|---|-----|-------|---------------------------| | Main product (s) / provision of services type of service) | Production provision of services / || Imports || Totals sale/Distribution * * ||| Market share (%) * * * | | | Qty | Value | Qty | Value || Qty | Value | | | | | | | || | | | | | | | | | | | | |

* * This should be the total of ?production/provision? and ?imports? column, adjusted for any change in invention.

* * * State the method/source of calculating total imports/production/provisions of services.

Discussion

    Be the first to comment and start a discussion!

© 2020 PakistanLaw.pk, All rights reserved.