TERMS AND CONDITIONS FOR MAKING OFFERS FOR MEMBERSHIP

1. Individual Pakistanis or bodies corporate, incorporated in Pakistan, having object clause of brokerage business with paid-up capital of more than Rs.5.0 million can make offer for the membership rights.

2. The offer price shall exclusively cover the value of the membership. Other tangible and intangible assets pertaining to the membership rights including the office room, its royalty different deposits with the Exchange, CDS membership fee etc shall cost separately.

3. The offer should be accompanied by a demand draft of 10% of the quoted amount in favour of Islamabad Stock Exchange being the earnest money (refundable in case of rejection of offer). Offers received without earnest money shall not be entertained. In case of acceptance of the offer, the amount of earnest money shall be retained which shall not be refunded in any case.

4. The successful parties shall be subject to membership criteria of the Islamabad Stock Exchange. Only those applicants are advised to lodge their offers in this respect who fulfill the under mentioned membership criteria of the ISE.

5. Offers should reach the office of the General Manager (Operations) of the Exchange on or before September 08, 2024 along with the pay order/demand draft of the earnest money in an envelop sealed by the offering party before 5:00 p.m.

6. Offers shall be opened in the presence of the applicants or their authorized nominees on September 08, 2024 at 5:00 p.m. in the Board Room of the Exchange.

7. Successful parties shall be required to deposit balance amount of accepted offer within a period of fortnight (15 days) from the date of communication by the ISE besides filing membership documents. In case the successful offering party is unable to do so, the earnest money would be forfeited by the Exchange and no extension on whatsoever grounds shall be allowed for payment of balance amount.

8.The Exchange reserves the right to accept or reject any offer without assigning any reason whatsoever.

                    

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