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FIRST CAPITAL SECURITIES CORPORATION LTD. versus COMMISSIONER (SECURITIES MARKET DIVISION) S.E.C.P.


Sections 224 and 485 of the Securities and Exchange Commission of Pakistan Act (XLII of 1997), section 344 of the 224 Companies Ordinance, the words of 1984 and its scope of Ordinance Quotations Trading activity and issuer purchase activity are beneficial in the present case. Owner's shares and issuer's appeal from the High Court Securities Exchange Commission of Pakistan, accusing the beneficial owner of engaging in the sale and purchase trade of the issuer's shares within a period of 6 months. And the beneficial owner was also accused of violating the terms of section 224 (2), the Companies Ordinance, 1984 but was not charged with not issuing the benefit to the issuers. The commission was also charged with section 224 (2). Failed to make demand in terms of. The Ordinance Securities and Exchange Commission of Pakistan, therefore, claimed that the benefit derived from it was now entrusted to the Commission and similar legitimate clauses of the Securities on224 (2) Companies Ordinance, 1984 were taken by the beneficial owners. And placed a burden on both the issuer, in the event of failure to comply, both were excluded from the benefit which was then linked to the principles and procedures of the Commission. \ R \ n

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