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HASHIMI CAN COMPANY LTD. versus COMMISSIONER (SECURITIES MARKET) SEC ISLAMABAD


Failure to join the Appellant Company's Central Depository Company on the direction of the Commissioner's Appeal before the Appellant Bench Commissioner, Section 9 (4) of Sec 33 Securities and Exchange Ordinance (section VI6969 of), Appellant Company under section 9 (4). Instructions have been given to all companies including Appellant preferred to join the Securities and Exchange Ordinance, 1969, when he was not satisfied with an undisclosed order to join the Central Depository Company. Annual expenses were minimized at the Central os Depository Company, and the benefits of joining investors, shareholders and even companies in the Central Depository Company were not the only company of 40 companies estimated. Appeal in this case, which refused to join the Central Depository Company and filed, once the company decided to list its securities on the stock exchange, it was required by the letter and spirit listed in the Appellant's rules. Under the circumstances, the Central Depository cannot refuse to join the Company without experiencing the consequences of such denial in CL. 32 (1) (FF) of the Rules of the Directive given for appeal by the Commission through an Unlawful Order is retained \ r \ n

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