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M.R. SECURITIES (PVT.) LIMITED versus

Short 8, 12 and Schedule Short Sale Regulations, 2002, Regln 4 Empty Selling Under Short Ceiling Regulations, Regulation 4 of 2002, vacant sale was not valid, while the inquiry officer's search revealed three instances of vacant sale during the review. Was revealed. The company's claim was that the three vacant sales were the result of a mistake and deliberate efforts were not made to put it into practice. Two said that the vacancy sale was violated by the Regulation 4 of the Short Sailing Regulations Security Exchange Commission. The broker had failed to comply with the requirements of the Security and Exchange Commission of Pakistan Act, 1997 or the Security and Exchange Ordinance, 1969 or was given or under any rule or directive. The R8 Regulation for Brokers and Agents Regulation 2001, KR 8, however, took into account the small sales and shares involved, and the Company's statement had already taken corrective actions and assured that future such Violations will not occur, the brokers and agents under the R8 Regulation 2001 Rule of 2001 had taken a relaxed view of the matter, instead of taking punitive action against the company, the company would be cautious. Ensure that the Company complies with all future regulations in order to avoid any penal action under the law. online advocate from Shikarpur lawyer