ZAFAR MOTI CAPITAL SECURITIES (PVT.) LIMITED versus DIRECTOR (SMD), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Sections 33 and 43 (b) of the Securities and Exchange Ordinance (XVII of 1969), Section 22 Brokers and Agents Registration Rules, 2001, Third Schedule, Cls A (2) and A (5) for sale by Company shopping. Client trading data shows that two clients of the company, who had no interest in the shares before, met the sales and bought shares company in terms of the terms of such transaction company, Rule I Without a short sale from your client. Brokers and agents registered under the third schedule of Regulations 2001 violated the provisions of A (2) and A (5) of the Code of Conduct, and the company was fined Rs 400,000. The shares were owned by a person. , Which gifted the shares that the accuracy of the two clients is the report of the person and authority letter in the Central Depository Company Account Balance Report, clearly showed that the shares were not transferred in favor of the company's client. The gift in the form of transfer of title or possession was lost by the letter of the Authority; the valid gift of the Company cannot be construed as a provision of section 22 of the Securities and Exchange Ordinance, 1969 under which the company was fined. But this cannot be requested. Regulations for the registration of brokers and agents, 2001, were self-contained and the pre-requisite provisions were already provided, which was misconstrued as the Securities and Exchange Commission of Pakistan Act, 1997 provided for Section 43 (b) of the Securities and Exchange Commission. ) Rules made secondary or subsidiary. In the circumstances of Pakistan, the rights under section 22 of the Securities and Exchange Ordinance, 1969
Related judgments — Securities and Exchange Commission of Pakistan, 2011
