Section 3: Establishment of the Commission — Securities and Exchange Commission of Pakistan Act, 1997

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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3. Establishment of the Commission.—(1) There is hereby established a Commission to be called the Securities and Exchange Commission of Pakistan. (2) The Commission shall be a body corporate with perpetual succession and a common seal, and may sue and be sued in its own name and, subject to and for the purposes of this Act, may enter into contracts and may acquire, purchase, take, hold and enjoy movable and immovable property of every description and may convey, assign, surrender, yield up, charge, mortgage, demise, reassign, transfer or otherwise dispose of or deal with, any movable or immovable property or any interest vested in it, upon such terms as it deems fit. 1[(3) The Commission shall be administratively, financially and functionally independent and the Federal Government shall use its best efforts to promote, enhance and maintain independence of the Commission.]

Effective date: 1997-01-01

Related sections

Section 2: Definitions. 1[(1)] In this Act, unless there is anything repugnant in the subject or context,Section 4: Head Office. The head office of the Commission shall be in Islamabad. The Commission Section 1: Short title and commencement Section 5: The Commissioners Section 6: The Chairman Section 6A: The Acting Chairman. At any time when position of the Chairman is vacant or the

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