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EASTERN CAPITAL LIMITED versus

Failure to open sub-accounts of Regions 2 11 1 Central Depository Act (XIX of 1997), Sections 2 (27), 3 and 28 led to the discovery of penalties for the Inquiry Officer, leading to some cases of customers of the company where no one had opened any account. And in the absence of the above accounts, securities related proceedings against such transactions by the CDC sub-account opened in the name of the home accounts or another consumer company that the Central Deposits This was not so under the Act 1997. The user must open the CDC account and correct his procedure and open the CDC account of all his users so that the CDC accounts were opened to establish the title and beneficial ownership of the shares. And a brokerage house should either open a CDC sub-account. Its users or users should have their own CDC Investor Account or CDC Partner Account when, in the absence of related CDC sub-accounts, retain the shares of another user name or CDC The CDC sub-account opened in the House account was a serious breach of the Miquelon Central Depository Act of 1997 because it would result in a change in beneficial ownership of the shares and the book's securities kept in the same CDC. Existing Client: Sub Account Opened in the Name of Another Client, Company Violates Section 2 (27) Central Depositories Act 1997 He and the Central Depository Company of Pakistan violated Regulation 2 11 1 of the 2002 Regulations, fined him Rs 25,000. law websites from Layyah lawyer