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HAROON IQBAL vs COMMISSIONER, SECURITIES MARKET DIVISION, SECP Ss — 2025 CLD 1866 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN

Case information

Citation
2025 CLD 1866 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN
Year
2025
Reporter
CLD
Parties
HAROON IQBAL vs COMMISSIONER, SECURITIES MARKET DIVISION, SECP Ss
Provisions referred to
S. 100; Securities Act

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

HAROON IQBAL VS COMMISSIONER, SECURITIES MARKET DIVISION, SECP Ss. 100 & 160---Failure to join Central Depository System---Listing of Companies and Securities Regulations of Security Exchange, default in---Directions to company by the Securities and Exchange Commission of Pakistan ('the Commission'), issuance of---Commissioner-Securities Market Division of Commission penalized the appellant / Company for not complying with the directions under S. 100 of the Securities Act, 2015 ('the Act 2015')---Plea of the appellants that the respondent / Commission was not competent to invoke the provisions of the Act, 2015 to penalize the appellants for the default that occurred before the promulgation of the Act, 2015---Validity---As a matter of fact, the impugned order had been passed due to the non-compliance with the direction issued under the Act, 2015, therefore, the question of retrospective effect did not arise---Appeal was disposed of.

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