Section 11: Effect of demutualization — 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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11. Effect of demutualization.—(1) From the date of demutualization, notwithstanding anything to the contrary contained in any other law for the time being in force or any agreement, award, judgment, decree or other instrument for the time being in force, the demutualization of the stock exchange shall become binding on all persons and authorities having any contractual or statutory, right, power, obligation or liability in connection with the stock exchange. (2) The demutualization shall not adversely affect the registration of the stock exchange under section 5 of the Securities Ordinance. (3) A shareholder may or may not be a TRE certificate holder of the stock exchange after demutualization. (4) A TRE certificate holder may or may not be a shareholder of the stock exchange after demutualization.

Effective date: 2012-01-01

Related sections

Section 10: Board of a stock exchange after demutualization and the election of directors Section 12: Divestment and issue of further shares Section 9: Rights attached to shares in the blocked account Section 13: Sale and purchase of shares by a strategic investor and a financial institution Section 8: Demutualization. A stock exchange shall stand demutualised when the Registrar has issued Section 14: Powers of the Commission to require divestment

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