Section 38A: Opportunity of hearing to the Commission in stay matters — 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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1[38A. Opportunity of hearing to the Commission in stay matters.—(1) Any court or authority shall, before granting any injunction, whether temporary or permanent in respect of any action taken or to be taken by the Commission in pursuance of any power conferred by or under this Act or any administered legislation or subordinate legislation, provide opportunity of hearing to the Commission. (2) No suit or appeal against an order of the Commission or the Appellant Bench shall be instituted except with prior notice of such proceedings to the Commission to its head office or regional office, as the case may be, either personally or through courier alongwith acknowledgement and copy of the petition or appeal.] PART XI RULES AND REGULATIONS

Effective date: 1997-01-01

Related sections

Section 38: Prosecution of offences by the Commission Section 39: Power to make rules Section 37: Cognizance of offences Section 40: Power to make regulations Section 36Z: Power to make regulations Section 40A: Penalty for violation of rules 4[,] regulations 4[, directives and notification]

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