SHEIKH ABDUL WAHID versus SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Sections 34 listed companies (substantial acquisition of voting shares and takeaways) Ordinance (CIII of 2002), Sections 4, 25 and 26 acquisition of Investor Protection against Investor Protection against unfair trade practice and Exchange Commission of Pakistan Duty Appellant. And the Exchange Commission took action. Pakistan on the basis that they had forcibly sold shares of their company at a very low price of Rs 16 per share and the buyer company sold more shares to another buyer than in the short run. 333 was Rs 33 per share. One year's offer by the appellants was that the transaction was a genuine transaction, which was one of the duties of the Security and Exchange Commission of Pakistan to detect unfair trade practices in the event of any unfair action. Investors should ensure proper protection, take all necessary steps to eliminate the wrong. It was important to maintain the confidence of the common shareholders of a company that was able to gain the benefit of its investors at a distance. Investors were waiting for management to stop being part of the company's decision-making process. Confidence which is expected that all shareholders will make appropriate business decisions for the collective benefit of such shareholders. Such confidence and confidence cannot be allowed to breach with immunity. The shares of the company praised for scam identification were sold less than their value, depriving ordinary shareholders of the true value of their shares, which is entitled to claim the price difference between the two sales transactions. Such
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