Section 22 Brokers and Agents Registration Rules, 2001, R 8 Karachi Stock Exchange Regulations Implementation of the fine record available to the Commission shows that the Company's clients have sold and supplied the shares in various scrips. Through the company's analysis of the information, the Commission noted that at the time of sale, the company's clients had no prior interest in the related shares. The company had previously been involved in selling the shares without interest, because the company Evidence was not provided. In order to support the claim that the mortgaged shares belonged to its clients and they also failed to provide proof of their client's pre-existing interests, the companies violated the provisions of the Code. The stock exchange was involved in violations of the Regulations. Violated section 22 of the Securities and Exchange Ordinance, 1969, in terms of section 22 (1) (c) of the Securities and Exchange Ordinance, 1969, if a person violates any of the provisions of a regulation made under the ordinance. Or otherwise fails, the commission could impose a fine of more than fifty million, instead of imposing a maximum penalty, keeping the matter financially so the company was fined Rs 150,000. Ensure that all rules and regulations are fully compliant in the future.
Related judgments — Securities and Exchange Commission of Pakistan, 2010
