♣An Ordinance to provide for the protection of investors, [regulations of capital markets and issue] and dealings in securities.
WHEREAS it is expedient to provide for the protection of investors, 1[regulations of capital markets and issue] and dealings in securities and for matters ancillary thereto;
2[***]
NOW, THEREFORE, in pursuance of the Proclamation of the 25th day of March, 1969, read with the Provisional Constitution Order, and in exercise of all powers enabling him in that behalf, the President is pleased to make and promulgate the following Ordinance:-
CONTENTS
SECTIONS
1. Short title, extent and commencement
2A. Control over issue of capital
2B. Control over prospectus and other documents .
2CC. Power to impose conditions
2D. Power to exempt and to condone contraventions
2E. Power to call for information
3. No Stock Exchange to operate without registration
4. Eligibility for registration
6. Accounts, annual reports, returns, etc.
7. Cancellation of registration, etc.
8. Restriction on dealings in securities
10. Compulsory listing of securities
12. Submission of statements of beneficial owners of listed equity securities
13. Prohibition of short-selling
14. Trading by directors, officers and principal share-holders
16. Credit, hypothecation and lending of customers’ securities
17. Prohibition of fraudulent acts, etc.
18. Prohibition of false statements, etc.
19A. Maintenance of secrecy by the the Commission, etc.
19B. Penalty for disclosure of information.
20A. Power of commission to issue directions in certain cases.
22. Penalty for certain refusal or failure
22A. Restriction in respect of filing of suit.
25B. Power to establish Special Tribunal.
31. Securities acquired in good faith
32. Regulation of business of investment advisers and investment companies
32A. Regulation of business of Commodity Futures Contract, etc.
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