Byco Petroleum Pakistan Limited’s Extension in period of direction under Section 170 of the Companies Ordinance, 1984,for holding the 17th Annual General Meeting of the Company

Karachi: We write with reference to our letter No. BBPL/COR/KSE/069, dated 15th November 2011, requesting extension in the date for holding the 17th Annual General Meeting of the Company for the year ended June 30th 2011.

The Securities and Exchange Commission of Pakistan has allowed us an extension in the date of holding the 17th Annual General Meeting of the Company for the year ended June 30th 2011.

The Securities and Exchange Commission of Pakistan has allowed us an extension and directed us under Section 170 of the Companies Ordinance, 1984 to convene the 17th Annual General Meeting of the Company for the calendar year 2011 until 31st January 2012 as is evidenced by the enclosed copy of the SECP’s letter No. EMD/233/638/2002-688, dated 24th November 2011.

This is with reference to your application dated November 24, 2011 seeking further extension in time i.e. till January 31, 2012 for holding the Annual General Meeting (AGM) of BYCO Petroleum Limited (Formerly Bosicer Pakistan Limited), (the Company) for the year ended June 30, 2011. Earlier on Company’s request vide Commission’s letter dated November 3, 2011, it was directed to hold its aforesaid AGM upto December 31, 2011.

2. In view of above, you are hereby directed under Section 170 of the Companies Ordinance, 1984 to convene till January 31, 2012 the overdue AGM for the calendar year 2011 so as to lay therein the audited accounts, transact other business as required under the law and thereafter submit, within a week of the date of meeting so held, it compliance report along with attested copies of the minutes and the audited accounts so approved.

3. Please note that this direction shall be without prejudice to the penal and civil consequences of the defaults already made by the Company and its management in complying with the provisions of Section 158 and 233 of the Ordinance.

For more information, contact:
Ali Azeem Ikram
Head of Department
Enforcement
Byco Petroleum Pakistan Limited
The Harbour Front, 9th Floor, Dolmen City,
HC-3, Block 4, Marine Drive Clifton,
Karachi – 75600,
Pakistan.
UAN: (92 21) 111 122 081
Fax: (92 21) 111 888 081
Web: www.byco.com.pk

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