Section 22: Prohibition on sale etc of assets of the stock exchange. No stock exchange shall sell — Stock Exchange (Corporatisation, Demutualization and Integration) Act, 2012

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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22. Prohibition on sale etc of assets of the stock exchange. No stock exchange shall sell immovable assets owned by the stock exchange at the date of corporatisation without the prior approval of the Commission and shall ensure that all assets are utilized in furtherance of the business of the stock exchange.

Effective date: 2012-01-01

Related sections

Section 21: Winding up of a stock exchange. A stock exchange shall not commence any proceedings Section 23: Power to make regulations. The Commission, may, by notification in the official Gazette,Section 20: Restriction on amendments to the Memorandum and Articles and further issue of Section 24: Power to give directions Section 19: Powers of the Commission Section 25: Act to override other laws

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