GHULAM MUHAMMAD, CHIEF EXECUTIVE OFFICER AND DIRECTOR OF EXCEL INSURANCE COMPANY LIMITED versus
Sections 15A&15E illegally sells shares in their personal account through the director The director and a chief executive officer of the unofficial company, started buying shares of other companies on their personal account. What was I under which Director Insider was involved in trading? ???? By buying shares of other companies in violation of Section 15A of the Securities and Exchange Ordinance, 1969, based on investment insider information. And then in response to the written response to the sale of the shares for substantial profit, which the Directive issued as unsatisfactory, the Commission adopted an effective theory in the light of the agreement by which it Returns the total amount of profit earned. From such transactions, in exercise of the powers under section 15E of the Securities and Exchange Ordinance, 1969, it shall pay a fine of Rs 800,000 for contravening section 15 (1) of section 15A of the ordinance, and It was directed to pay Rs 7,897,525. Company under section 15E (2) (ii) of the said ordinance section r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2011
