Find a Lawyer

MOTIWALA SECURITIES (PRIVATE) LIMITED versus

Regulation 4 and 5 Brokers and Agents Registration Regulations, 2001, 8, 12 and Selling Vacancies in violation of Schedule Rules, Implementation of Penal Regulation 4 of the Central Depository Company of Pakistan Regulations 2002, while vacant sales are prohibited ? During the review of information submitted by the inquiry officer, 2444 cases of vacant sale were disclosed; 434 out of 2444 vacancies were not sold because the concerned customers had bought shares before selling them, none of them. Not a valid justification or support. Documents were provided for the remainder of the vacancy sale in 2010 and it was established that on the occasion of 2010 the short sale was made without meeting the required standards, provided in Regular 5 of the Central Depository Company of Pakistan Regulations 2002. And under Rule 8 of the brokers. Agent Registration Rules, 2001 The company was fined Rs 100,000 by tracking Central Depository Company of Pakistan Regulations, 2002 for breach of breach and Agent registration roll 8, law firms from FR Tank / DI Khan lawyer