Section 19: Removal, resignation and vacancies
The Securities and Exchange Commission of Pakistan Act, 1997 · Companies Laws · Legal status not independently verified
Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.
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19. Removal, resignation and vacancies.—(1) Subject to subsection (2), appointment of any Member or Commissioner may, at any time, be revoked and he may be removed from his office by order of the Federal Government if it is found that such person stands disqualified under section 18. (2) Unless a disqualification referred to in section 18 arises f rom the judgment or order of a court or tribunal of competent jurisdiction under any relevant provision of applicable law, a Member or Commissioner shall not be removed or his appointment revoked without an enquiry by an impartial person or body of persons constituted in accordance with such procedure, as may be prescribed by rules made by the Federal Government, and such rules shall provide for a reasonable opportunit y for him to be heard in his defence. (3) A Member or a Commissioner may at any time resign his office by a written notice addressed to the Federal Government. (4) The office of a Member or Commissioner shall ipso facto be vacated if he dies. PART VI POWERS AND FUNCTIONS
Effective date: 1997-01-01
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