Balloters and Transfer Agents Rules, 2015
The Securities and Exchange Commission of Pakistan, with the approval of the Federal Government, enacted the Balloters and Transfer Agents Rules, 2015 in exercise of the powers conferred by section 33 of the Securities and Exchange Ordinance, 1969 read with section 32C and clause (b) of section 43 of the Securities and Exchange Commission of Pakistan Act, 1997. Under these Rules no person shall act or perform the functions of a balloter and transfer agent unless such person is registered as a balloter and transfer agent with the Commission (SECP) in accordance with these rules. Any person can apply for registration of a balloter and transfer agent after fulfilling the requirements of rule three (03). These Rules also prescribe functions, duties and responsibilities of balloter and transfer agent. If a balloter or a transfer agent contravenes or fails to comply with any provision of these rules or any of his/its act is not in compliance with the requirements of registration or any directive issued or any order passed by the Commission the Commission may impose penalty and restriction on his/its activities or suspend his/its registration.
