MRS. ABIDA SALAH-UD-DIN versus SALIM CHAMDIA SECURITIES (PRIVATE) LIMITED, CORPORATE MEMBER
Section 33 Securities and Exchange Commission Ordinance (XVII of 1969), Section 22 (I) (c) Securities and Exchange Rules, 1971, RR 4 (4) and 8 (g) fine for appellate bench appellant in investing money The appeal was enforced. It did not invest for investment or for trading activities through the Branch Manager of Company with the respondent company. The appellant alleged that the company manager had persuaded the appellant to make money and promised a fixed rate of return for his investment director. After providing the opportunity for a personal hearing to the (security market) parties, the respondent's request from the Respondent Company Director's manager to reject the applicant's request for investment and guaranteed profit, however, Under Section 22 (1) (c), the defendant company has been fined. Violation of R4 (4) read with R8 (g) of the Securities and Exchange Commission Ordinance, 1969 Securities and Exchange Rules, 1971, which did not provide written confirmation of the transaction. Because of the dissatisfaction with the finding of the investor director within 24 hours, both sides had not filed appeals. There is no document record that can support the appellant / investor claim for `Badalon's financing 'and not the Appellant's account related to the ledger statement in securities and the purchase and sale bill. That she was actively trading in securities through her account although it was possible that the applicant's signature was obtained on the opening form of an empty account,
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