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[Section Index]

The Securities and Exchange Ordinance, 1969

( Ordinance NO. XVII OF 1969 )

Chapter V


Restriction in respect of filing of suit.
1[22A. Notwithstanding anything contained in any other law for the time being in force, no legal proceeding before any Court can be brought challenging an order of penalty imposed by the Commission unless an amount of 15% (fifteen percent) of such penalty is deposited in the Commission.]

  • 1
    Section 22A was added by section 10 of the Securities and Exchange (Amendment) Act, 2012 (Act No. XLVI of 2012).
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