SHOW-CAUSE NOTICE ISSUED TO ISLAMABAD STOCK EXCHANGE (GUARANTEE) LTD. versus
Sections 22 and 34 of the Islamabad Stock Exchange (Guarantee) Limited Listing Regulations, Regulations 17 (516) and 32 (1) of the Regulations under the amendment of the Respondents / Islamabad Stock Exchange (Guarantee), Code of Supplement Code 17 (5). A modification was suggested. And 17 (6) of the Stock Exchange's Listing Regulations, whereby the Company Ordinance, 1984, proposed to exempt companies from offering certain exemptions, such as periodic financial statements, to whom Was offered. Islamabad Stock Exchange is intended for listing for trading purposes only \ The fact that the amendments were proposed by inserting a separate clause in the Islamabad Stock Exchange Listing Regulations, rather than amending the Listing Regulation 32, The stock position was enough to turn a profit. Exchange that these amendments were independent of the proposal regarding the compulsory listing of securities trading facilitation purposes. To make the listing more attractive in Islamabad Stock Exchange, it is stated that in view of the confirmation of the stock exchange offer by letter to all the companies listed on the Lahore Stock Exchange, but not listed on the Islamabad Stock Exchange, It has been said that information was sufficient to believe the proposals were unrelated, but by proposing amendments to the independent rules, the stock exchange in any way refrained from ensuring compliance with the existing regulatory framework. Will not, while initially easing the company's temporary listing process. Regulation of Listing Regulations 32 (1) Without any legal provisions / regulatory cover
Related judgments — Securities and Exchange Commission of Pakistan, 2010
