And the remaining five were independent directors selected by the government to conclude demutualization
Because shares can be traded or sold in contrast to ownership rights, which can -not demutualization
increases the possibility of profit for those involved, and tends also to benefit the economy.
counterparts, went through a phase of demutualization
in the late 1990s and early 2000s, the legislature didn't develop regulations for property/casualty demutualization
Subsequent to demutualization
of stock exchange, ownership has been separated through issuance of shares.
The Stock Exchanges (Corporatization, Demutualization
and Integration) (Amendment) Act, 2015, aims at extending the moratorium period provided in chapter III of the Stock Exchanges (Corporatization, Demutualization
and Integration) Act, 2012, as due date had already elapsed due to delay in promulgations the Act.
, the Dorrances received stock from the companies with an aggregate fair market value of $1,794,771.
It may be mentioned that the Stock Exchanges (Corporatization, Demutualization
and Integration) Act 2012 provide framework, allowing segregation of ownership and trading rights to enable demutualization
of the stock exchanges.
Yet, such efficiency gains are questionable in many cases in regard to demutualization
The concept of demutualization
is expanding globally and Asian countries are more likely to adopt such system to compete international market and hence SECP took essential step in corporatization, demutualization
and integration of Karachi Stock exchange.
on Thursday, has said the demutualization
is aimed at strengthening the insurer's fundraising ability and widening its business options, including mergers and acquisitions, to cope with the dwindling domestic market in graying Japan.
Thus, when policyholders receive stock in a demutualization
, they take a zero basis, and upon a subsequent sale of the stock, the full amount of the proceeds is taxed to them as capital gain.
refers to the conversion of a mutual insurer to a stock company.