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IN THE MATTER OF: SHARES OF PAK ELECTRON LIMITED AND MASOOD TEXTILE MILLS LIMITED LISTED ON LAHORE S versus IN THE MATTER OF: SHARES OF PAK ELECTRON LIMITED AND MASOOD TEXTILE MILLS LIMITED LISTED ON LAHORE S

Sections 9 (4) and 22 (c) Ordinance of Companies (XLVII of 1984), Section 86 (1) Listing Regulations, V, Regulation 8 (3) (4) Listing Regulation Tunes, II, Regln: 3 Companies Share Capital ( This Rule, 2000, R5 (i) arising from the fact that the issue related to the penalty before the Executive Director of the Securities Market (Securities Market) in the listing of infringement by the Stock Exchange. It was reported that the stock exchange listed preferred shares. Two companies violated Listing Regulation II (3) Listing Regulation II, 3 (2), violating the listing of preferred shares in the stock exchange of two companies, issued to financial institutions and banks; The Exchange will consider the liability of the public interest in the company on the preferred shares of the securities of the two companies, usually not privately held with institutional investors without any offer, in order to allow listing on the stock exchange. Were. Not interested in the public for the sake of the public, there are no conditions in listing the preferred shares of the two companies that were defamatory of the requirements of the list; (2) the Board of the Stock Exchange was authorized under Listing Regulation II, 3 Was. ()) The issuance of a conditional listing regulation of the two-thirds majority of the directors present at the meeting of the Board of Exchange, and thus resolving the managing director of the stock exchange, has been confirmed by the Board of Directors as such Did not soften. Lack of public interest in the preferred stock list of companies violating their listing rules of the stock exchange, followed by two tremors to the stock exchange jobs for advocates from Kamalia lawyer