Find a Lawyer

LAHORE STOCK EXCHANGE versus LAHORE APPELLATE BENCH S&EC

Section 9 (6) Securities and Exchange Commission of Pakistan, Act (XLI of 1997), Section 34 Regulation for voluntary delisting, paragraph 32A and 5 list of securities denied voluntary delisting by stock exchange when the stock exchange denied Deleted denied. The same powers can be exercised by the Securities and Exchange Commission and the Commission should not be referred to a listing order without protective measures to protect the rights of investors, so that the protection of investors is understood as the primary purpose of securities and The purpose of setting the Exchange Ordinance 1969 and the reasoning and the setting of the Securities and Exchange Commission's rules for setting the listing conditions for listing on the stock exchange is to acknowledge the commission and the Commission cannot satisfy this requirement simply because File a High Conclusion Referring to it Have control. Once a company is listed on the stock exchange and asks for voluntary delisting, in view of paragraph 32A of the Securities and Exchange C Voluntary Listing Regulation, elimination is required to protect the interests of investors. Delisting cannot be allowed without fulfillment or notice of them, which is a delisting order from the Commission that has failed to protect. Without assuming the interest and the requirements of the security holders, it will not be deemed valid in law and the Commission will be obliged to comply with this requirement while dealing directly with the question of delisting a company. Failure to meet the requirement, therefore, was not only inappropriate but also bad in law which the High Court criminal advocate from Silanwala lawyer