AZGARD NINE LIMITED versus DIRECTOR (ENFORCEMENT), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Charges for exchange / exchange of shares in the name of the complainant against the issuance of counterfeit certificates of Section 75 Securities and Exchange Commission of Pakistan Act (XLII of 1987), Section 33 Central Depository Act (XIX of 1997), Section 11 Shares I filed a complaint. The complainant submitted the original shares for exchange and transfer with the company with the authorization purchase invoice through the stock exchange, and the company certified the transfer proceedings denied such transfer by: Duplicate Shares Previously issued to a female original shares, the complaint was not returned by the exchange company and the invoice was not returned; the company's director (enforcement) was issued a show cause notice due to dissatisfaction with the company's response. Transferring the shares and the complainant were directed to resolve the complainant's complaint. The complainant's loss to the claimant is good that he had the original shares and TR respondent, in the presence of the original shares and transfer works by the company, did not transfer the shares in his name to the complainant in favor of the complainant. The woman claimed that she had lost the shares and that the transfer proceedings were transferred from her home to the complainant in this case. The proceedings against the woman in a court of jurisdiction authorized under Section 11 of the Central Department Act 1997 Should have started. Proceed to the correct forum and assist the court to ascertain the facts of the case and resolve the complainant's complaint.
Related judgments — Securities and Exchange Commission of Pakistan, 2011
