The Security & Exchange Ordinance,
1969
Section 17, 24, 27
The Court, however, shall not pronounce a
definite finding of guilt, which function shall be left to the trial Court. The
word "sufficient ground for proceeding" do not mean sufficient
grounds for conviction. Prima facie material is sufficient for forming an
opinion as to the ground for proceeding against the accused....(26) Securities
and Exchange Commission vs Ruma N. Alam (Mohammad Fazlul Karim J (Criminal)
2ADC 973 )
Securities & Exchange Ordinance, 1969
Section 20A- Section 20A of the Securities and Exchange Ordinance, 1969 before adding the non-obstante clause by amendment shall prevail over Rule 50(Kha) of the Securities and Exchange Commission (Mutual Fund) Rules, 2001 on the analogy that the power given in the Ordinance shall prevail over the subordinate legislation, that is, the Securities and Exchange Commission (Mutual Fund) Rules, 2001 when there is a conflict in between the power conferred under the Ordinance and the subordinate legislation. The provisions of the Ordinance shall prevail over the subordinate legislation...... Chairman, SEC -VS- Md Ali Zaman, [3 LM (AD) 184]