1. Enforcement Actions for Violation of Securities Laws/Rules Presented by Mir Mosharraf Hossain Chowdhury Director Bangladesh Securities And Exchange Commission

2. 2 WHAT IS ENFORCEMENT ?  There are three essential elements of securities regulation: the legal framework, the supervision program, and the enforcement program. Supervision and enforcement are tools of implementation, a means of fostering compliance with the legal framework and, often, the umbrella term “enforcement of compliance” is used to bring the two together. Compliance is a term used to describe adherence to laws, regulations, and rules. Supervision seeks to deter noncompliance with rules while enforcement seeks to detect and punish noncompliance. It is difficult to disentangle supervision and enforcement—both are aimed at promoting implementation of the rules, both involve similar exercises of authority and similar skills, and the success of each is tied to the other.

3. 3 Enforcement, as we use the term here, is the disciplinary function of the regulatory system. Enforcement is an ex post tool to punish breaches of laws and regulations as well as to deter future wrongdoing. This means that there are tangible consequences to noncompliance with regulation and violations of securities law. Enforcement requires a regulator to investigate both regulated and unregulated entities, bring an enforcement action against a person who has violated the rules, and apply a penalty if the action succeeds.

4. 4 There is an interdependence between the legal framework (which must be well designed if supervision and enforcement are to work), supervision (which monitors compliance with the laws, works to prevent problems before damage occurs, and develops the practice that enforcement is built upon), and enforcement (which seeks to ensure that, if supervision has failed to ensure compliance and rules have been violated, there are consequences). Each of these three elements is crucial. It would be unsatisfactory to have enforcement alone-after all, it is an ex post address of the issue, which can never fully restore losses to investors or to the market. However, without enforcement, the law and supervision would remain unsupported and compliance would suffer in the absence of a deterrence mechanism. Further, it appears that among these element, enforcement is the most challenging for regulators. There is an interdependence between the legal framework (which must be well designed if supervision and enforcement are to work), supervision (which monitors compliance with the laws, works to prevent problems before damage occurs, and develops the practice that enforcement is built upon), and enforcement (which seeks to ensure that, if supervision has failed to ensure compliance and rules have been violated, there are consequences). Each of these three elements is crucial. It would be unsatisfactory to have enforcement alone-after all, it is an ex post address of the issue, which can never fully restore losses to investors or to the market. However, without enforcement, the law and supervision would remain unsupported and compliance would suffer in the absence of a deterrence mechanism. Further, it appears that among these element, enforcement is the most challenging for regulators.

5. 5 Importance of the Enforcement of financial regulation for financial stability Achieving the objectives of the regulatory framework requires not only sound regulation but also effective enforcement. No matter how sound the rules are for regulating the conduct of market participants. If the system of enforcement is ineffective-or is perceived to be ineffective-the ability of the system of achieve the desired outcome is undermined. Achieving the objectives of the regulatory framework requires not only sound regulation but also effective enforcement. No matter how sound the rules are for regulating the conduct of market participants. If the system of enforcement is ineffective-or is perceived to be ineffective-the ability of the system of achieve the desired outcome is undermined. It is thus essential that participants are appropriate monitored, that offenders are vigorously prosecuted and that adequate penalties are imposed when rules are broken. A regulatory framework with strong monitoring, prosecution, and application of penalties provides the incentives for firms to follow the rules. This in the end, adds to the framework's credibility and enhances investor confidence in the financial system. It is thus essential that participants are appropriate monitored, that offenders are vigorously prosecuted and that adequate penalties are imposed when rules are broken. A regulatory framework with strong monitoring, prosecution, and application of penalties provides the incentives for firms to follow the rules. This in the end, adds to the framework's credibility and enhances investor confidence in the financial system.

6. 6 IOSCO Principles Related to Enforcement Principle 8: The regulator should have comprehensive inspection, investigation and surveillance powers. Principle 8: The regulator should have comprehensive inspection, investigation and surveillance powers. Principle 9: The regulator should have comprehensive enforcement power. Principle 9: The regulator should have comprehensive enforcement power. Principle 10: The regulatory system should ensure an effective and credible use of inspection, investigation surveillance and enforcement powers and implementation of an effective compliance program. Principle 10: The regulatory system should ensure an effective and credible use of inspection, investigation surveillance and enforcement powers and implementation of an effective compliance program.

7. 7 Framework for Enforcement A robust framework that provides securities regulators with enough powers to investigate and sanction misconducts is key to enforcement. The main elements of this framework derive from the law and regulators, and include a host of provisions that grant government agencies (Securities regulators and criminal agencies) the authority to investigate, to litigate, and sanction breaches of securities laws and regulations. A robust framework that provides securities regulators with enough powers to investigate and sanction misconducts is key to enforcement. The main elements of this framework derive from the law and regulators, and include a host of provisions that grant government agencies (Securities regulators and criminal agencies) the authority to investigate, to litigate, and sanction breaches of securities laws and regulations.

8. 8 Executive Director Director DD-4 Financial Statement Analysis and Auditor Appointment DD-3 Enquiry report, Monthly, quarterly and annual reporting AD-1 Non submission of Quarterly, half yearly and annual Accounts and short sell related violation Ad-2 Investigation report, SECAS posting DD-1 Violation of notification, matter referred from CI Department, non holding of AGM, non submission of shareholding position, distribution of dividend and any other violation of securities laws. DD-2 Inspection report

9. 9 Goals of Enforcement Department  Protect investors  Stops on going frauds  Deter illegal conduct  Send a Message!  Disgorge illegal profits  Penalize bad actors  Bar wrongdoers from participation in the securities industry  Foster and maintain fair, honest, and transparent market

10. 10 Division refer problem they discover to Enforcement Division Enforcement Department Surveillance Department SRMIC Department Capital Issue Department Mutual Fund And SPV CDBLCSEDSE Corporate Finance Department SRI Department

11. 11 BSEC Enforcement FY-2013-14 Against Issuer Company: Violation No. of Issuer Companies Nature of Action Accurate and transparent information not reflected in the audited financial statements 2 Penalty Failure to submit the audited financial statements8Penalty Failure to submit the half-yearly financial statements2Penalty Failure to comply with securities related laws4Penalty Non-compliance of Directive/Notification/Order 1Penalty Failure to submit the audited financial statements5Warning Failure to submit the half-yearly financial statements6Warning Failure to comply with securities related laws5Warning Non compliance of securities law in connection with audited financial statements1Warning Non-compliance of Directive/Notification/Order 16Warning Failure to submit the quarter (Q) financial statements 9Warning Non-submission of Capital & Shareholding Position 1Warning Total 60

12. 12 Against Stock Broker/ Stock Dealer: Violation No. of Stock Broker/Stock- Dealer Nature of Action Non-compliance of securities related laws 35 Warning Non-compliance of securities related laws 28 Penalty Total 63 Against Merchant Banker: Violation No. of Merchant BankerNature of Action Non-compliance of securities related laws 3 Penalty Total 3 Against Issue Manager: Violation No. of Issue Manager Nature of Action Total 1 Penalty

13. 13 Against Others: Violation No.Nature of Action Non-compliance of section 17 (e) (v) of the Securities and Exchange Ordinance, 1969 (XVII) of 1969) in connection with unusual trading in shares of BEACONPHAR. 1Warning Non-compliance of section 17 (e) (v) of the Securities and Exchange Ordinance, 1969 (XVII) of 1969) in connection with unusual trading in shares of BEACHHATCH. 1Warning Non-compliance of section 17 (e) (v) of the Securities and Exchange Ordinance, 1969 (XVII) of 1969) in connection with trading in shares of JMI Syringes & Medical Devices Ltd. 5Warning Non-compliance of section 17 (e) (ii) (v) of the Securities and Exchange Ordinance, 1969 (XVII) of 1969) in connection with share trading of RECKITTBEN 1Penalty Non-compliance of section 17 (e) (ii) (v) of the Securities and Exchange Ordinance, 1969 (XVII) of 1969) in connection with share trading of PF1STMF 8Penalty Non-compliance of section 17 (e) (iii) (v) of the Securities and Exchange Ordinance, 1969 (XVII) of 1969) in connection with share trading of PF1STMF 5Penalty Non-compliance of section 17 (e) (ii) (iii) (v) of the Securities and Exchange Ordinance, 1969 (XVII) of 1969) in connection with share trading of RAHIMTEX, BANGAS, MITHUNKNIT AND RENATA. 4Penalty Total 25 During 2013-2014 Enforcement department has taken 152 No. of action against issuer companies, stockbrokers, stock-dealers, depository participants (DPs), merchant banker, issue managers and others.

14. 14 Penalty Received by Enforcement Department Financial Year 2013-14

15. 15 SL. NoDatedParticulars of Pay order/Bank DraftAmount of MoneySubmitted ByRemarks 110.07.2013PO No. 0947755, EximBank Ltd., RAJUK Avenue Br. 1,00,000.00SIBL Securities Ltd. 210.07.2013 PO No. 1904061, AL-Arafa Islami Bank Ltd, Dt. 04.06.2013 1,00,000.00 Shyamal Equity Mast Ltd 310.07.2013 PO No. 1904112, AL-Arafa Islami Bank Ltd, Dt. 04.06.2013 1,00,000.00 Shyamal Equity Management Ltd & …….. 410.07.2013 PO No. 8570691, Social Islami Bank Ltd, Gulshan Br. Dt.10.06.13 2,00,000.00Legaly Footwar Ltd 510.07.2013 PO No. 1903882, AL-Arafa Islami Bank Ltd, Dt. 30.05.2013 1,00,000.00 Shyamal Equity Management Ltd & …….. 610.07.2013PO No. 4562738, Marcantil Bank Ltd, Dt.16.06.2013 1,00,000.00 Marcantile Bank Securities 716.07.2013PO No. 0527299, One Bank Ltd, Dt.30.06.2013. 2,00,000.00 Lanka Bangla Invesment Ltd 825.07.2013PO No. 8722512, Islami Bank Ltd, Dt.24.07.2013 27,00,000.00 Sajib Knitwar and Garments Ltd 912.08.2013PO No. 1355438, Prime Bank Ltd, Dt. 23.07.2013 1,00,000.00Ananty Propertity 1012.08.2013PO No. 1355439, Prime bank Ltd, Dt. 23.07.2013 1,00,000.00Ananty Propertity 1102.09.2013PO No. 7030620, Dt. 01.09.2013 2,00,000.00Globe Securities Ltd 1209.09.2013 PO No. 0819928, First Security Bank Ltd. Dt. 24.07.2013. 1,00,000.00 Mona Financial Consultry Ltd

16. 16 1309.09.2013PO No. 0669880, Southeast Bank Ltd, Dt. 02.09.2013 3,00,000.00Jalalabad Securirties Ltd 1410.10.2013PO No. 7609718, Sonali Bank Ltd, Local Office. 2,50,000.00Seuli Shaha 1510.10.2013PO No. 7609719, Sonali Bank Ltd, Local Office. 1,50,000.00Joydeb 1627.10.2013PO No. 0528617, One Bank Ltd, Dt. 20.10.2013. 3,00,000.00PFI Securities Ltd 1728.10.2013 PO No. 1557670, Standarde Chartered Bank Ltd, Dt. 24.10.2.13. 3,00,000.00 PHP Stock & Securities Ltd 1813.11.2013PO No. 1434683, AB Bank Ltd. 3,00,000.00 S.F. Ahmed & Co. 1913.11.2013PO No. 1316535, Dutch Bangla Bank Ltd, 5,00,000.00 Salta Capital Ltd 2013.11.2013PO No. 0363385, Standarde Chartered Bank Ltd 1,00,000.00 Premier LP Gas Ltd 2127.11.2013PO No. 1306613, Prime Bank Ltd, A/c. 1,00,000.00 ……… 2228.11.2013 PO No. 0671763, Dt. 17.11.2013. 1,00,000.00 Hill City Securities 2307.11.2013 PO No. 082038, Dt. 07.11.2013. $ 25,000.00 Modern Industries Ltd 2407.11.2013 PO No. 082037, Dt. 07.11.2013. $ 25,000.00 Modern Industries Ltd 2507.11.2013 PO No. 082036, Dt. 07.11.2013. $ 25,000.00 Modern Industries Ltd 2601.01.2014 PO No. 0835563, First Security Bank Ltd, Dt. 24.12.2013. $ 25,000.00 Modern Industries Ltd 2701.01.2014 PO No. 0835564, First Security Bank Ltd, Dt. 24.12.2013. $ 25,000.00 Modern Industries Ltd 2801.01.2014 PO No. 0835565, First Security Bank Ltd, Dt. 24.12.2013. $ 25,000.00 Modern Industries Ltd 292.012014 PO No. 0927782, Agrani Bank Ltd. 10,00,000.00 Delta Spinners Ltd 3019.01.2014 PO No. 2051313, Al-Arafah Islami Bank Ltd, Dt. 13.01.2014 1,00,000.00 R.N Trading Ltd 3122.01.2014PO No. 2051498, AL-Arafa Islami Bank Ltd, Motijheel Br. 5,00,000.00 Shyamal Equity Management Ltd & …….. 3223.01.2014PO No. 0982552, IFIC Bank Ltd. 1,00,000.00M. Securities Ltd 3323.01.2014 PO No. 1574548, Standrad Chartered Bank Ltd, Dt. 29.01.2014 1,00,000.00Tamha Secutities

17. 17 3413.02.2014PO No. 0672670, Southeast Bank Ltd, Dt. 06.02.2014 1,00,000.00Jalalabad Securirties Ltd 3527.02.2014PO No. 0980776, IFIC Bank Ltd, Agrabad Br. 1,00,000.00 PHP Stock & Securities Ltd 3627.02.2014PO No. 0978518, Sonali Bank Ltd, Local Office Br. 1,00,000.00Seuli Saha 3727.02.2014PO No. 0978517, Sonali Bank Ltd, Local Office Br. $ 50,000.00Joydeb Kumar Saha 3827.02.2014PO No. 0862706, Southeast Bank Corporate Br. 1,00,000.00Ms Shipra Paul 3912.03.2014 PO No. 0134668, Trust Bank Ltd, Sylhet Corp. Br. Dt. 06.03.2014. 1,00,000.00 Barakatullah Electronic Dynamics Ltd 4031.03.2014 PO No. 1008556, IFIC Bank Ltd, Sk Mujib Road br, Dt. 13.03.2014. 5,00,000.00Takaful Insurance Ltd 4101.04.2014PO No. 1501300, Bank Asia, Agrabad Br, Dt. 30.03.2014. 1,00,000.00Be Rich Ltd. 4212.05.2014 PO No. 2116901, AL-Arafah Islami Bank Ltd, Motijheel Br, Dt. 11.05.2014. 1,00,000.00Majibul Haque (Investor) 4314.05.2014PO No.0530253, One Bank Ltd, Dt. 22.04.2014. 5,00,000.00PFI Securities Ltd 4414.05.2014 PO No. 0858412, Shahjalal Bank Dhaka Main Br, Dt. 29.04.2014 7,00,000.00 Prime Finance Capital Mst. Ltd 4519.05.2014 PO No. 0858574, Shahjalal Islami Bank, Dhaka Main Br, Dt. 14.05.2014. 2,00,000.00 Prime Finance Capital Mst. Ltd 4602.06.2014 PO No. 0801627/43/454, Rupali Bank Ltd, Foreign Exchange Corporate Br. 3,00,000.00Khurshid Securities Ltd 4708.06.2014 PO No. 1531552, Bank Asia Ltd, MCB Sk Mujib Road Br, Dt. 01.06.2014. 5,00,000.00Kabir Securities Ltd 4816.06.2014 PO No. 0626312, NCC Bank Ltd, AnderKilla Br, Dt. 05.06.2014. 1,00,000.00 Pioneer Shares & Securities Ltd TOTAL 1,20,00,000.00

18. 18 Where to Find www.sec.gov.bd/ Monthly Report Enforcement Action

19. 19 Ways the case may start  Investor Complaint.  Tip from an informant or whistleblower.  Company self report or public announcement.  Referral from inspection staff or another officer.  Referral from other government source or a self regulatory organization.  Public sources such as newspaper articles or academic papers.  Rink-based inquiry.

20. 20 Process of Enforcement Action Followed By Enforcement Department of BSEC Process of Enforcement Action Followed By Enforcement Department of BSEC

21. 21 Types of cases There are two types of cases: There are two types of cases: a) Civil a) Civil i) BSEC i) BSEC ii) DSE ii) DSE III) CSE III) CSE b) Criminal b) Criminal i) Court i) Court ii) Special Tribunal ii) Special Tribunal iii) Law Enforcement Agency(Police Station) iii) Law Enforcement Agency(Police Station)

22. 22 Code of Civil Procedure wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 17L| KwZcq †¶‡Î Kwgk‡bi †`Iqvbx Av`vj‡Zi ¶gZv|- aviv 17K Gi Aaxb cÖvß Z`š— cÖwZ‡e`‡bi Dci ïbvbxi D‡Ï‡k¨ Kwgkb wbgœewY©Z welqmg~‡n †mB mKj ¶gZv cÖ‡qvM Kwi‡Z cvwi‡e †h mKj ¶gZv †Kvb †`Iqvbx Av`vjZ Code of Civil Procedure, 1908 (Act V of 1908) Gi Aaxb cÖ‡qvM Kwi‡Z cv‡i, h_v:- 17L| KwZcq †¶‡Î Kwgk‡bi †`Iqvbx Av`vj‡Zi ¶gZv|- aviv 17K Gi Aaxb cÖvß Z`š— cÖwZ‡e`‡bi Dci ïbvbxi D‡Ï‡k¨ Kwgkb wbgœewY©Z welqmg~‡n †mB mKj ¶gZv cÖ‡qvM Kwi‡Z cvwi‡e †h mKj ¶gZv †Kvb †`Iqvbx Av`vjZ Code of Civil Procedure, 1908 (Act V of 1908) Gi Aaxb cÖ‡qvM Kwi‡Z cv‡i, h_v:- (K) Kwgk‡b Dcw¯’Z nBevi Rb¨ †Kvb e¨w³i Dci mgb Rvix Ges Zvnv‡K Kwgk‡b Dcw¯’Z nB‡Z eva¨ Kiv Ges kc_ KivBqv Zvnv‡K wRÁvmvev` Kiv; (K) Kwgk‡b Dcw¯’Z nBevi Rb¨ †Kvb e¨w³i Dci mgb Rvix Ges Zvnv‡K Kwgk‡b Dcw¯’Z nB‡Z eva¨ Kiv Ges kc_ KivBqv Zvnv‡K wRÁvmvev` Kiv; (L) ‡Kvb Z_¨ mieivn ev cÖ‡qvRbxq †Kvb `wjj `vwLj Kiv|] (L) ‡Kvb Z_¨ mieivn ev cÖ‡qvRbxq †Kvb `wjj `vwLj Kiv|]

23. 23 Examine the Matter If violations mentioned in the report are not Justified If violations mentioned in the report are not Justified The matter return to relevant Department for action at their end. The matter return to relevant Department for action at their end. The matter return to relevant Department for re-examination. The matter return to relevant Department for re-examination. Request the relevant Department to provide sufficient papers/documents. Request the relevant Department to provide sufficient papers/documents.

24. 24 If violations mentioned in the report are Justified  A show cause cum notice for hearing will be issued to the alleged.  Reschedule The Commission may reschedule the date of hearing if the alleged prayer for reschedule or any other unavoidable circumstances. The Commission may reschedule the date of hearing if the alleged prayer for reschedule or any other unavoidable circumstances.

25. 25 Conduct Hearing If the reply of the accused is satisfactory If the reply of the accused is satisfactory  The Commissioner enforcement instructed to Enforcement Department to dispose off the matter.  Enforcement Department issue disposal letter to the accused.

26. 26 If the reply of the accused is not satisfactory If the violation is in tolerable limit If the violation is in tolerable limit  The Commissioner enforcement instructed to Enforcement Department to issue a warning letter to the accused. If the violation is serious or continuous If the violation is serious or continuous  Prepare a hearing proceedings which is signed by the Commissioner Enforcement.  Prepare a working paper for the Commission meeting which is signed by the head of the department.  The matter place before the Commission for kind decision along with the supporting documents.

27. 27 Commission Decision The Commission may take following decision: The Commission may take following decision:  Dispose off  Warning  Penalty  Other

28. 28 Penalty order issue to the accused Pay the penalty Pay the penalty Send the Pay Order to accounts department to collect the same in Commission’s Account. Send the Pay Order to accounts department to collect the same in Commission’s Account. Submit review petition/Apple Submit review petition/Apple Prepare a working paper for the Commission meeting Prepare a working paper for the Commission meeting The matter place before the Commission for kind decision along with the supporting documents. The matter place before the Commission for kind decision along with the supporting documents.

29. 29 Commission decision on review petition/Apple The Commission may waive the penalty. The Commission may waive the penalty. The Commission may reduce the penalty. The Commission may reduce the penalty. The Commission may reject the review petition/Apple. The Commission may reject the review petition/Apple. The Commission may give some instructions. The Commission may give some instructions. On the basis of the decision letter/Order/Directive issued to the accused. On the basis of the decision letter/Order/Directive issued to the accused.

30. 30 The accused may submit review petition/Apple again The matter place on the file for approval along with a draft letter mentioning among others, that as per law the Commission’s earlier decision will be final. The matter place on the file for approval along with a draft letter mentioning among others, that as per law the Commission’s earlier decision will be final.

31. 31 If the accused did not pay penalty The matter send to the Commission’s Legal Service Department to take action at their end. The matter send to the Commission’s Legal Service Department to take action at their end.

32. 32 Framework for Enforcement Institutional Framework Institutional Framework Legal Framework Legal Framework

33. 33 Institutional Framework Court Court Special Tribunal Special Tribunal Law Enforcement Agency (Police Station) Law Enforcement Agency (Police Station) Bangladesh Securities and Exchange Commission Bangladesh Securities and Exchange Commission Dhaka Stock Exchange Ltd. Dhaka Stock Exchange Ltd. Chittagong Stock Exchange Ltd. Chittagong Stock Exchange Ltd.

34. 34 Legal Framework The Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969) The Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969) 22.Penalty for certain refusal or failure.- (1) If any person- (a)refuses or fails to furnish any document, paper or information which he is required to furnish by or under this Ordinance; or (b) refuses or fails to comply with any order or direction of the [Commission] made or issued under this Ordinance; or © contravenes or otherwise fails to comply with the provisions of this Ordinance;

35. 35 Continue the [Commission] may, if it is satisfied after giving the person an opportunity of being heard that the refusal, failure or contravention was willful, by order direct that such person shall pay to the [Commission] by way of penalty such sum [not less than (one lakh taka)] as may be specified in the order and, in the case of a continuing default, a further sum calculated at the rate of [ten thousand taka] for every day after the issue of such order during which the refusal, failure or contravention continues. the [Commission] may, if it is satisfied after giving the person an opportunity of being heard that the refusal, failure or contravention was willful, by order direct that such person shall pay to the [Commission] by way of penalty such sum [not less than (one lakh taka)] as may be specified in the order and, in the case of a continuing default, a further sum calculated at the rate of [ten thousand taka] for every day after the issue of such order during which the refusal, failure or contravention continues. (2) Any sum directed to be paid under sub-section (1) shall be recoverable as an arrear of land revenue. (3) No prosecution for an offence against this Ordinance shall be instituted in respect of the same facts on which a penalty has been imposed under this section.

36. 36 Continue 24.Penalty.- (1) Whoever contravenes the provision of section 17 shall be punishable with imprisonment for a term which may extend to [five years, or with fine (which shall not be less than five lakh taka)] or with both. 24.Penalty.- (1) Whoever contravenes the provision of section 17 shall be punishable with imprisonment for a term which may extend to [five years, or with fine (which shall not be less than five lakh taka)] or with both. (2)Where the person guilty of an offence referred to in sub- section (1) is a company or other body corporate, every director, manager or other officer responsible for the conduct of its affairs shall, unless he proves that the offence was committed without his knowledge or that he exercised all diligence to prevent its commission, be deemed to be guilty of the offence. (2)Where the person guilty of an offence referred to in sub- section (1) is a company or other body corporate, every director, manager or other officer responsible for the conduct of its affairs shall, unless he proves that the offence was committed without his knowledge or that he exercised all diligence to prevent its commission, be deemed to be guilty of the offence.

37. 37 Continue 25.Cognizance of offence.- No court shall take cognizance of any offence punishable under this Ordinance except on a report in writing of the facts constituting the offence by an officer authorized in this behalf by the [Commission]; and no court inferior to that of a Court of Session shall try any such offence 25.Cognizance of offence.- No court shall take cognizance of any offence punishable under this Ordinance except on a report in writing of the facts constituting the offence by an officer authorized in this behalf by the [Commission]; and no court inferior to that of a Court of Session shall try any such offence

38. 38 Revision and Review 26.Revision and review.- (1) Any order passed or made under this Ordinance by an officer or authority subordinate to the [Commission] or exercising powers of the [Commission] in pursuance of a direction under section 28 shall be subject to revision by the [Commission] upon application being made by any aggrieved person within ninety days from the date of such order; and the [Commission]’s order in revision shall be final. 26.Revision and review.- (1) Any order passed or made under this Ordinance by an officer or authority subordinate to the [Commission] or exercising powers of the [Commission] in pursuance of a direction under section 28 shall be subject to revision by the [Commission] upon application being made by any aggrieved person within ninety days from the date of such order; and the [Commission]’s order in revision shall be final. The [Commission] may, upon an application being made to it within a period of six months from the date of any order passed by it otherwise than in revision under sub-section (1) or on its own motion, review such order and the [Commission]’s order in review shall be final. The [Commission] may, upon an application being made to it within a period of six months from the date of any order passed by it otherwise than in revision under sub-section (1) or on its own motion, review such order and the [Commission]’s order in review shall be final.

39. 39 Continue [22A.Restriction in respect of filing of suit.-Notwithstanding anything contained in any other law for the time being in force, no legal proceeding before any Court can be brought challenging an order of penalty imposed by the Commission unless an amount of 15% (fifteen percent) of such penalty is deposited in the Commission.] [22A.Restriction in respect of filing of suit.-Notwithstanding anything contained in any other law for the time being in force, no legal proceeding before any Court can be brought challenging an order of penalty imposed by the Commission unless an amount of 15% (fifteen percent) of such penalty is deposited in the Commission.]

40. 40 Continue Securities and Exchange Rules,1987 Securities and Exchange Rules,1987 Credit Rating Companies Rules, 1996 Credit Rating Companies Rules, 1996 16. Action on inspection or investigation report.- 16. Action on inspection or investigation report.- The Commission, after consideration of inspection or investigation report, may take such action as may deem fit and appropriate including action under the Securities and Exchange ordinance, 1969.

41. 41 Continue Margin Rules, 1999 Margin Rules, 1999 Securities and Exchange Commission (Issue of Capital) Rules, 2001 Securities and Exchange Commission (Issue of Capital) Rules, 2001 Securities and Exchange Commission (Over-the- Counter) Rules, 2001 Securities and Exchange Commission (Over-the- Counter) Rules, 2001 9. Penalty for contravention.- Without prejudice to other penal measures available under any law, contravention of any provision of these rules shall attract penal provisions under the Securities and Exchange Ordinance, 1969. 9. Penalty for contravention.- Without prejudice to other penal measures available under any law, contravention of any provision of these rules shall attract penal provisions under the Securities and Exchange Ordinance, 1969.

42. 42 Continue Securities and Exchange Commission (Public Issue) Rules, 2006 Securities and Exchange Commission (Public Issue) Rules, 2006 19. Contravention. – 19. Contravention. – If any issuer or its representative violates any of the provisions of these Rules or furnishes false, incorrect, misleading information or suppresses any information, the Securities and Exchange Commission may take appropriate action under the Securities and Exchange Ordinance, 1969. If any issuer or its representative violates any of the provisions of these Rules or furnishes false, incorrect, misleading information or suppresses any information, the Securities and Exchange Commission may take appropriate action under the Securities and Exchange Ordinance, 1969.

43. 43 Continue Securities and Exchange Commission (Rights Issue) Rules, 2006 Securities and Exchange Commission (Rights Issue) Rules, 2006 15. Contravention.– Contravention of any of the provisions of these Rules will attract relevant provisions of the Securities and Exchange Ordinance, 1969. 15. Contravention.– Contravention of any of the provisions of these Rules will attract relevant provisions of the Securities and Exchange Ordinance, 1969.  Notification Issued Under The Ordinance

44. 44 Continue wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 18|kvw¯—|- (1) hw` †Kvb e¨w³ GB AvB‡bi †Kvb weavb jsNb K‡ib ev jsNb Kivi D‡`¨vM MÖnY K‡ib ev jsN‡b cÖ‡ivPbv I mnvqZv K‡ib, Zvnv nB‡j wZwb AbwaK cuvP ermi mkªg Kviv`Û ev [Ab~¨b cuvP j¶] UvKv A_© `Û ev Dfq `‡Û `Ûbxq nB‡eb| 18|kvw¯—|- (1) hw` †Kvb e¨w³ GB AvB‡bi †Kvb weavb jsNb K‡ib ev jsNb Kivi D‡`¨vM MÖnY K‡ib ev jsN‡b cÖ‡ivPbv I mnvqZv K‡ib, Zvnv nB‡j wZwb AbwaK cuvP ermi mkªg Kviv`Û ev [Ab~¨b cuvP j¶] UvKv A_© `Û ev Dfq `‡Û `Ûbxq nB‡eb| (2)hw` ‡Kvb e¨w³ GB AvBb ev wewa ev cÖweav‡bi Aaxb- (2)hw` ‡Kvb e¨w³ GB AvBb ev wewa ev cÖweav‡bi Aaxb- (K) cÖ`Ë †Kvb Av‡`k ev wb‡`©k cvj‡b e¨_© nb; ev (K) cÖ`Ë †Kvb Av‡`k ev wb‡`©k cvj‡b e¨_© nb; ev (L) cÖ‡hvRbxq Z_¨ mieiv‡n e¨_© nb; ev (L) cÖ‡hvRbxq Z_¨ mieiv‡n e¨_© nb; ev

45. 45 Continue (M) †Kvb AbymÜvb ev Z`‡š—i mgq AbymÜvbKvix ev Z`š—Kvix e¨w³‡K cÖ‡qvRbxq my‡hvM-myweav cÖ`v‡b e¨_© nb; Zvnv nB‡j Kwgkb D³ e¨w³‡K e¨w³MZfv‡e ev cÖwZwbwai gva¨‡g ïbvbxi my‡hvM cÖ`vb Kwiqv wjwLZ Av‡`k Øviv mZK© Kwiqv w`‡Z cvwi‡e ev [Ab~¨b GK j¶] UvKv A_©`‡Û `wÛZ Kwi‡Z cvwi‡e, Ges D³iƒc e¨_©Zv Ae¨vnZ _vwK‡j Abyiƒc Ae¨vnZ _vKvKvjxb cÖwZw`‡bi Rb¨ D³ e¨w³‡K AbyaŸ© `k nvRvi UvKv A_© `‡Û `wÛZ Kwi‡Z cvwi‡e| (3) Dc-aviv (2) Gi Aaxb `ÛcÖvß e¨w³i wei“‡× GKB Aciv‡ai Rb¨ †Kvb Av`vj‡Z gvgjv `v‡qi Kiv hvB‡e bv|] (3) Dc-aviv (2) Gi Aaxb `ÛcÖvß e¨w³i wei“‡× GKB Aciv‡ai Rb¨ †Kvb Av`vj‡Z gvgjv `v‡qi Kiv hvB‡e bv|]

46. 46 Continue 19| Aciva wePviv_© MÖnY|- (1) †mmbm&- Av`vjZ e¨wZZ Ab¨ †Kvb Av`vj‡Z GB AvB‡bi Aaxb †Kvb Aciva wePvi Kiv hvB‡e bv| (2) Kwgkb ev Kwgkb nB‡Z ¶gZvcÖvß †Kvb e¨w³i wjwLZ Awf‡hvM Qvov GB AvB‡bi Aaxb †Kvb Aciva wePv‡ii Rb¨ MÖnY Kiv hvB‡e bv| (2) Kwgkb ev Kwgkb nB‡Z ¶gZvcÖvß †Kvb e¨w³i wjwLZ Awf‡hvM Qvov GB AvB‡bi Aaxb †Kvb Aciva wePv‡ii Rb¨ MÖnY Kiv hvB‡e bv|

47. 1993 m‡bi 15 bs AvB‡bi aviv 18 Gi ms‡kvab |-D³ AvB‡bi aviv 18 Gi Dc-aviv (2) Gi ci wb¤œiƒc `yBwU b~Zb Dc-aviv (2K) I (2L) mwbœ‡ewkZ nB‡e, h_v :- Ò(2K) Ab¨ †Kvb AvB‡b hvnv wKQzB _vKzK bv †Kb, GB AvBb ev Z`axb cÖYxZ wewai Aaxb Kwgkb KZ©„K Av‡ivwcZ A_©`‡Ûi 15 (c‡bi) kZvsk A_© Kwgkb KZ©„K wba©vwiZ e¨vsK wnmv‡e Rgv cÖ`vb bv Kwiqv D³iƒc `Ûv‡`‡ki wei“‡× aivi 21 Gi Dc-aviv (1) Gi Aaxb Avcxj ev Dc-aviv (5) Gi Aaxb cybwe©‡ePbv ev †Kvb Av`vj‡Z †Kvb gvgjv AvBbMZ Kvh©aviv `v‡qi Kiv hvB‡e bv| (2L) GB AvB‡bi Aax‡b Kwgkb KZ©„K Av‡ivwcZ A_©`Û Abv`vqx nB‡j Dnv e‡Kqv f‚wg ivR¯^ wnmv‡e Av`vq‡hvM¨ nB‡e|Ó 47

48. 48 Continue wmwKDwiwUR I G·‡PÄ Kwgkb (mfv msµvš—) wewagvjv, 1994 wmwKDwiwUR I G·‡PÄ Kwgkb (mfv msµvš—) wewagvjv, 1994 wmwKDwiwUR I G·‡PÄ Kwgkb (Avcxj) cÖweavbgvjv, 1995 wmwKDwiwUR I G·‡PÄ Kwgkb (Avcxj) cÖweavbgvjv, 1995 3| Avcx‡ji dig ev Avcxj `v‡q‡ii c×wZ|- (1) wba©vwiZ di‡g Kwgkb KZ…©K GZ`y‡Ï‡k¨ wbw`óK…Z Kg©KZ©vi wbKU Avcxj `vwLj Kwi‡Z nB‡e| 3| Avcx‡ji dig ev Avcxj `v‡q‡ii c×wZ|- (1) wba©vwiZ di‡g Kwgkb KZ…©K GZ`y‡Ï‡k¨ wbw`óK…Z Kg©KZ©vi wbKU Avcxj `vwLj Kwi‡Z nB‡e| (2) GKwU di‡g GKvwaK Av‡`‡ki wei“‡× Avcxj `v‡qi Kiv hvB‡e bv| (2) GKwU di‡g GKvwaK Av‡`‡ki wei“‡× Avcxj `v‡qi Kiv hvB‡e bv| (3 ) di‡gi wba©vwiZ As‡k Avcx‡ji cÖvmswMK NUbvejx I KviY mywbw`ófv‡e I msw¶ß AvKv‡i D‡j­L Kwi‡Z nB‡e Ges AcÖvmswMK ev evûj¨ e³e¨ eR©b Kwi‡Z nB‡e, Z‡e D³ e³e¨ Dc¯’vc‡bi cÖ‡qvR‡b Avjv`v KvMR e¨envi Kiv hvB‡e|

49. 49 Continue (4) AvcxjKvix wba©vwiZ di‡g †Kvb cÖwZc‡¶i bvg D‡j­L Kwi‡j ev Kwgkb †Kvb e¨w³‡K cÖwZc¶ wnmv‡e wPwýZ Kwi‡j AvcxjKvix Avcx‡ji c~iYK…Z dig Ges `vwLjK…Z KvMRc‡Îi cÖwZwUi GKwU Kwiqv AwZwi³ Abywjwc `vwLj Kwi‡e Ges cÖweavb 5(2) Gi Aaxb †cÖwiZe¨ †bvwU‡ki mwnZ D³ dig I KvMRcÎ Kwgkb cÖwZc‡¶i wbKU †cÖiY Kwi‡e| (4) AvcxjKvix wba©vwiZ di‡g †Kvb cÖwZc‡¶i bvg D‡j­L Kwi‡j ev Kwgkb †Kvb e¨w³‡K cÖwZc¶ wnmv‡e wPwýZ Kwi‡j AvcxjKvix Avcx‡ji c~iYK…Z dig Ges `vwLjK…Z KvMRc‡Îi cÖwZwUi GKwU Kwiqv AwZwi³ Abywjwc `vwLj Kwi‡e Ges cÖweavb 5(2) Gi Aaxb †cÖwiZe¨ †bvwU‡ki mwnZ D³ dig I KvMRcÎ Kwgkb cÖwZc‡¶i wbKU †cÖiY Kwi‡e| (5) di‡gi mwnZ wbgœewY©Z KvMRcÎ `vwLj Kwi‡Z nB‡e, h_vt- (5) di‡gi mwnZ wbgœewY©Z KvMRcÎ `vwLj Kwi‡Z nB‡e, h_vt- (K) ‡h Av‡`‡ki wei“‡× Avcxj `v‡qi Kiv nB‡e Dnvi `yBwU mZ¨vwqZ Abywjwc; (K) ‡h Av‡`‡ki wei“‡× Avcxj `v‡qi Kiv nB‡e Dnvi `yBwU mZ¨vwqZ Abywjwc; (L) KviYmg~‡ni mg_©‡b cÖ‡qvRbxq KvMRcÎ I Z_¨vw`; (L) KviYmg~‡ni mg_©‡b cÖ‡qvRbxq KvMRcÎ I Z_¨vw`; (M) ‡c-AW©vi ev wWgvÛ WªvdU AvKv‡i Kwgk‡bi eive‡i Bmy¨K…Z 500 UvKvi wdm| (M) ‡c-AW©vi ev wWgvÛ WªvdU AvKv‡i Kwgk‡bi eive‡i Bmy¨K…Z 500 UvKvi wdm|

50. 50 Continue (6)AvcxjKvix ¯^qs ev AvcxjKvixi wbKU nB‡Z wjwLZfv‡e ¶gZvcÖvß wbgœewY©Z †h †Kvb e¨w³ Avcxj `v‡qi Kwi‡Z cwi‡eb h_vt- (6)AvcxjKvix ¯^qs ev AvcxjKvixi wbKU nB‡Z wjwLZfv‡e ¶gZvcÖvß wbgœewY©Z †h †Kvb e¨w³ Avcxj `v‡qi Kwi‡Z cwi‡eb h_vt- (K) evsjv‡`k evi KvDwÝj nB‡Z IKvjwZi mb`cÖvß †Kvb AvBbRxex; (K) evsjv‡`k evi KvDwÝj nB‡Z IKvjwZi mb`cÖvß †Kvb AvBbRxex; (L) ‡Kvb PvUvW© GKvD›U¨v›U A_ev Kó GÛ g¨v‡bR‡g›U GKvD›U¨v›U; (L) ‡Kvb PvUvW© GKvD›U¨v›U A_ev Kó GÛ g¨v‡bR‡g›U GKvD›U¨v›U; (M) Avcx‡ji welqe¯‘y m¯ú‡K© AvcxjKvixi e³e¨ Dc¯’vc‡b m¶g Ggb †h †Kvb e¨w³| (M) Avcx‡ji welqe¯‘y m¯ú‡K© AvcxjKvixi e³e¨ Dc¯’vc‡b m¶g Ggb †h †Kvb e¨w³|

51. 51 4| Avcx‡ji mgq-mxgv|- Kwgk‡bi †Kvb m`m¨ ev Kg©KZ©vi †Kvb Av‡`k Øviv †Kvb e¨w³ ms¶z× nB‡j wZwb D³ Av‡`‡ki wei“‡× 30 w`‡bi g‡a¨ Avcxj `v‡qi Kwi‡Z cvwi‡eb Ges D³ mg‡qi c‡i `v‡qiK…Z †Kvb Avcxj MÖnY‡hvM¨ nB‡e bv; Z‡e AvcxjKvix hw` GB g‡g© Kwgkb‡K mš‘yó Kwi‡Z cv‡ib †h, D³ mg‡qi g‡a¨ Avcxj bvKivi hyw³msMZ KviY wQj Zvnv nB‡j D³ mgq AwZevwnZ nBevi ciI AvcxjwU we‡ePbvi Rb¨ Kwgkb MÖnY Kwi‡Z cvwi‡e| 4| Avcx‡ji mgq-mxgv|- Kwgk‡bi †Kvb m`m¨ ev Kg©KZ©vi †Kvb Av‡`k Øviv †Kvb e¨w³ ms¶z× nB‡j wZwb D³ Av‡`‡ki wei“‡× 30 w`‡bi g‡a¨ Avcxj `v‡qi Kwi‡Z cvwi‡eb Ges D³ mg‡qi c‡i `v‡qiK…Z †Kvb Avcxj MÖnY‡hvM¨ nB‡e bv; Z‡e AvcxjKvix hw` GB g‡g© Kwgkb‡K mš‘yó Kwi‡Z cv‡ib †h, D³ mg‡qi g‡a¨ Avcxj bvKivi hyw³msMZ KviY wQj Zvnv nB‡j D³ mgq AwZevwnZ nBevi ciI AvcxjwU we‡ePbvi Rb¨ Kwgkb MÖnY Kwi‡Z cvwi‡e|

52. 52 Continue 5| Avcx‡ji ïbvbx|- (1) cÖweavb 3 Abymv‡i `v‡qiK…Z Avcx‡ji KvMRcÎ cÖv_wgKfv‡e cix¶v-wbix¶vi ci D³ cÖweav‡bi Dc-cÖweavb (1) G D‡j­wLZ Kg©KZ©v Zvnvi gš—e¨mn AvcxjwU Kwgk‡bi wbKU Dc¯’vcb Kwi‡eb| 5| Avcx‡ji ïbvbx|- (1) cÖweavb 3 Abymv‡i `v‡qiK…Z Avcx‡ji KvMRcÎ cÖv_wgKfv‡e cix¶v-wbix¶vi ci D³ cÖweav‡bi Dc-cÖweavb (1) G D‡j­wLZ Kg©KZ©v Zvnvi gš—e¨mn AvcxjwU Kwgk‡bi wbKU Dc¯’vcb Kwi‡eb| 2) AvcxjwU cÖweavb 4-G wba©vwiZ 30 w`‡bi g‡a¨ `v‡qiK„Z nBqv _vwK‡j Kwgkb, Avcxj `v‡qiK…Z nIqvi cieZ©x AbwaK 30 w`‡bi g‡a¨, GKwU ïbvbxi ZvwiL wba©viY Kwiqv Zrm¤ú‡K© AvcxjKvix ev Zvnvi cÖwZwbwa Ges cÖwZc¶, hw` _v‡K, Gi wbKU GKwU wjwLZ †bvwUk †cÖiY Kwi‡e| 2) AvcxjwU cÖweavb 4-G wba©vwiZ 30 w`‡bi g‡a¨ `v‡qiK„Z nBqv _vwK‡j Kwgkb, Avcxj `v‡qiK…Z nIqvi cieZ©x AbwaK 30 w`‡bi g‡a¨, GKwU ïbvbxi ZvwiL wba©viY Kwiqv Zrm¤ú‡K© AvcxjKvix ev Zvnvi cÖwZwbwa Ges cÖwZc¶, hw` _v‡K, Gi wbKU GKwU wjwLZ †bvwUk †cÖiY Kwi‡e| 3) AvcxjwU wba©vwiZ mg‡qi g‡a¨ `v‡hiK…Z bv nIqvi †¶‡Î, Zrm¤ú‡K© AvcxjKvix KZ…©K cÖ`wk©Z KviY m¤ú‡K© mš‘ó bv nB‡j, Kwgkb Avcxj `v‡q‡ii 30 w`‡bi g‡a¨ Dnvi wm×vš— wjwLZfv‡e AvcxjKvix‡K ev Zvnvi cÖwZwbwa‡K RvbvBqv w`‡e; Ab¨_vq Dc-cÖweavb(2) Abymv‡i GKwU †bvwUk Rvix Kwi‡e| 3) AvcxjwU wba©vwiZ mg‡qi g‡a¨ `v‡hiK…Z bv nIqvi †¶‡Î, Zrm¤ú‡K© AvcxjKvix KZ…©K cÖ`wk©Z KviY m¤ú‡K© mš‘ó bv nB‡j, Kwgkb Avcxj `v‡q‡ii 30 w`‡bi g‡a¨ Dnvi wm×vš— wjwLZfv‡e AvcxjKvix‡K ev Zvnvi cÖwZwbwa‡K RvbvBqv w`‡e; Ab¨_vq Dc-cÖweavb(2) Abymv‡i GKwU †bvwUk Rvix Kwi‡e|

53. 53 Continue 4) cÖwZc¶ Zvnvi e³e¨ †bvwU‡k wba©vwiZ mgq ev Kwgkb KZ…©K ewa©Z mg‡hi g‡a¨ wjwLZfv‡e msw¶ß AvKv‡i Dc¯’vcb Kwi‡e Ges e³e¨i mg_©‡b cÖ‡qvRbxq KvMRcÎ `vwLj Kwi‡e| 4) cÖwZc¶ Zvnvi e³e¨ †bvwU‡k wba©vwiZ mgq ev Kwgkb KZ…©K ewa©Z mg‡hi g‡a¨ wjwLZfv‡e msw¶ß AvKv‡i Dc¯’vcb Kwi‡e Ges e³e¨i mg_©‡b cÖ‡qvRbxq KvMRcÎ `vwLj Kwi‡e| 5) Kwgkb mvaviYZt ïbvbx g~jZwe Kwi‡e bv Z‡e Acwinvh© cwiw¯’wZ‡Z wjwLZ KviY D‡j­Lc~e©K AbwaK 15 w`‡bi Rb¨ Dnv g~jZwe Kwi‡Z cvwi‡e Ges GB gyjZwe ïbvbxi ZvwiL Dcw¯’Z AvcxjKvix I cÖwZc¶ ev Zvnv‡`i cÖwZwbwa‡K †gŠwLKfv‡e ev cÖ‡qvRb‡ev‡a wjwLZfv‡e RvbvBqv w`‡Z cvwi‡e| 5) Kwgkb mvaviYZt ïbvbx g~jZwe Kwi‡e bv Z‡e Acwinvh© cwiw¯’wZ‡Z wjwLZ KviY D‡j­Lc~e©K AbwaK 15 w`‡bi Rb¨ Dnv g~jZwe Kwi‡Z cvwi‡e Ges GB gyjZwe ïbvbxi ZvwiL Dcw¯’Z AvcxjKvix I cÖwZc¶ ev Zvnv‡`i cÖwZwbwa‡K †gŠwLKfv‡e ev cÖ‡qvRb‡ev‡a wjwLZfv‡e RvbvBqv w`‡Z cvwi‡e| 6) cÖwZwU ïbvbxi Zvwi‡L AvcxjKvix I cÖwZc¶, ¯^qs ev †¶ÎgZ Zvnv‡`i cÖwZwbwa Dcw¯’Z _vwK‡eb| 6) cÖwZwU ïbvbxi Zvwi‡L AvcxjKvix I cÖwZc¶, ¯^qs ev †¶ÎgZ Zvnv‡`i cÖwZwbwa Dcw¯’Z _vwK‡eb| 7) ïbvbxi Zvwi‡L Avcx‡ji c¶MY ev Zvnv‡`i cÖwZwbwa Dcw¯’Z _vwK‡j Kwgkb Zvnvw`M‡K Zvnv‡`i e³e¨ Dc¯’vc‡bi hyw³msMZ my‡hvM w`‡e Ges †h †Kvb c‡¶i ev Dfq c‡¶i Aybcw¯’wZi †¶‡Î AvcxjwU we‡ePbvµ‡g Dnv bvgÄyi A_ev cÖ‡qvRbxq Ab¨ †Kvb Av‡`k w`‡Z cvwi‡e| 7) ïbvbxi Zvwi‡L Avcx‡ji c¶MY ev Zvnv‡`i cÖwZwbwa Dcw¯’Z _vwK‡j Kwgkb Zvnvw`M‡K Zvnv‡`i e³e¨ Dc¯’vc‡bi hyw³msMZ my‡hvM w`‡e Ges †h †Kvb c‡¶i ev Dfq c‡¶i Aybcw¯’wZi †¶‡Î AvcxjwU we‡ePbvµ‡g Dnv bvgÄyi A_ev cÖ‡qvRbxq Ab¨ †Kvb Av‡`k w`‡Z cvwi‡e|

54. 54 Continue 8) Avcxj we‡ePbvi myweav©‡_ Kwgkb AvcxjKvix‡K ev cÖwZc¶‡K cÖ‡qvRbxq †h †Kvb Z_¨ ev KvMRcÎ `vwLj Kivi wb‡`©k w`‡Z cvwi‡e| 8) Avcxj we‡ePbvi myweav©‡_ Kwgkb AvcxjKvix‡K ev cÖwZc¶‡K cÖ‡qvRbxq †h †Kvb Z_¨ ev KvMRcÎ `vwLj Kivi wb‡`©k w`‡Z cvwi‡e| 9) Acxj ïbvbx m¤úbœ nIqvi AbwaK 15 w`‡bi g‡a¨ Kwgkb Dnvi wm×vš— wjwLZ KviYmn wjwce× Kwi‡e Ges D³ Av‡`‡ki GKwU Abywjwc AvcxjKvix I cÖwZc¶‡K, ev Zvnv‡`i cÖwZwbwai wbK‡U WvK‡hv‡M ev e¨w³MZfv‡e mieivn Kwi‡e| 9) Acxj ïbvbx m¤úbœ nIqvi AbwaK 15 w`‡bi g‡a¨ Kwgkb Dnvi wm×vš— wjwLZ KviYmn wjwce× Kwi‡e Ges D³ Av‡`‡ki GKwU Abywjwc AvcxjKvix I cÖwZc¶‡K, ev Zvnv‡`i cÖwZwbwai wbK‡U WvK‡hv‡M ev e¨w³MZfv‡e mieivn Kwi‡e| 6| Avcx‡ji bw_ I †iwRóvi|- (1) cÖwZwU Avcx‡ji Rb¨ GKwU wfbœ bw_ Lywj‡Z nB‡e Ges Dnv wb¯úwË nIqvi ci Aš—Zt 5 ermi msi¶Y Kwi‡Z nB‡e| 6| Avcx‡ji bw_ I †iwRóvi|- (1) cÖwZwU Avcx‡ji Rb¨ GKwU wfbœ bw_ Lywj‡Z nB‡e Ges Dnv wb¯úwË nIqvi ci Aš—Zt 5 ermi msi¶Y Kwi‡Z nB‡e| 2) mKj Avcx‡ji †gŠwLK Z_¨vw` GKwU †iwRóv‡i msi¶Y Kwi‡Z nB‡e| 2) mKj Avcx‡ji †gŠwLK Z_¨vw` GKwU †iwRóv‡i msi¶Y Kwi‡Z nB‡e|

55. 55 Continue wmwKDwiwUR I G·‡PÄ Kwgkb (myweav‡fvMx e¨emv wbwl×KiY) wewagvjv], 1995 wmwKDwiwUR I G·‡PÄ Kwgkb (myweav‡fvMx e¨emv wbwl×KiY) wewagvjv], 1995 10|Av‡`k ev wb‡`©k cwicvjb|-GB wewagvjvq Dwj­wLZ cwicvjbxq weavbmg~n wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 †gvZv‡eK cÖ`Ë wb‡`©k ev Av‡`k cwicvjb wnmv‡e MY¨ nB‡et 10|Av‡`k ev wb‡`©k cwicvjb|-GB wewagvjvq Dwj­wLZ cwicvjbxq weavbmg~n wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 †gvZv‡eK cÖ`Ë wb‡`©k ev Av‡`k cwicvjb wnmv‡e MY¨ nB‡et Z‡e kZ© _v‡K †h, Kwgkb, GB wewagvjvi Aaxb mgq mgq Ab¨ †Kvb Av‡`k ev wb‡`©kI Rvix Kwi‡Z cvwi‡e | Z‡e kZ© _v‡K †h, Kwgkb, GB wewagvjvi Aaxb mgq mgq Ab¨ †Kvb Av‡`k ev wb‡`©kI Rvix Kwi‡Z cvwi‡e ||

56. 56 Continue wmwKDwiwUR I G·‡PÄ Kwgkb Gi Kg©Pvix PvKzix cÖweavbgvjv, 1995 wmwKDwiwUR I G·‡PÄ Kwgkb Gi Kg©Pvix PvKzix cÖweavbgvjv, 1995 wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) [wewagvjv], 1996 wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) [wewagvjv], 1996 33| mvwU©wd‡KU evwZj, ¯’wMZKiY, BZ¨vw`|- (1) wbgœewY©Z Kvi‡Y †Kvb gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi Gi mvwU©wd‡KU Kwgkb evwZj Kwi‡Z ev ¯’wMZ †NvlYv Kwi‡Z cvwi‡e, h_v t- 33| mvwU©wd‡KU evwZj, ¯’wMZKiY, BZ¨vw`|- (1) wbgœewY©Z Kvi‡Y †Kvb gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi Gi mvwU©wd‡KU Kwgkb evwZj Kwi‡Z ev ¯’wMZ †NvlYv Kwi‡Z cvwi‡e, h_v t- (K) AvBb ev GB 1[wewagvjvi] †Kvb weavb ev mvwU©wd‡K‡Ui †Kvb kZ© f½KiY; (K) AvBb ev GB 1[wewagvjvi] †Kvb weavb ev mvwU©wd‡K‡Ui †Kvb kZ© f½KiY; (L) Kwgk‡bi cÖ‡qvRb ev Pvwn`v †gvZv‡eK ev Kwgkb KZ…©K wba©vwiZ †Kvb Z_¨ ev cÖwZ‡e`b mieivn bv Kiv ev mieiv‡n AKvi‡Y wej¤^ Kiv; (L) Kwgk‡bi cÖ‡qvRb ev Pvwn`v †gvZv‡eK ev Kwgkb KZ…©K wba©vwiZ †Kvb Z_¨ ev cÖwZ‡e`b mieivn bv Kiv ev mieiv‡n AKvi‡Y wej¤^ Kiv; (M) Kwgk‡bi wbKU åvš— ev wg_¨v Z_¨ mieivn Kiv; (M) Kwgk‡bi wbKU åvš— ev wg_¨v Z_¨ mieivn Kiv; (N) GB 1[wewagvjvi] Aaxb wbhy³ cwi`k©‡Ki Z`‡š— cÖ‡qvRbxq mn‡hvwMZv bv Kiv; (N) GB 1[wewagvjvi] Aaxb wbhy³ cwi`k©‡Ki Z`‡š— cÖ‡qvRbxq mn‡hvwMZv bv Kiv;

57. 57 Continue (O) GB 1[wewagvjv] Øviv wba©vwiZ wd Kwgkb KZ…©K wba©vwiZ mgqmxgvi g‡a¨ cwi‡kva bv Kiv; (P) GB [1][wewagvjvi] Aaxb AvPiY wewa gvb¨ bv Kiv; [1] (Q) gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi KZ…©K ¯^xq `vwqZ¡ cvjb bv Kiv; (R) Kwgkb hw` GB g‡g© mš‘yó nq †h †Kvb gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi wewb‡qvMKvix‡`i ¯^v‡_©i cwicš’x KvR K‡ib; (S) ˆbwZK öjbRwbZ †`v‡l ev Ab¨ †Kvb Aciv‡a †Kvb Av`vjZ KZ…©K kvw¯—cÖvß nb; GB 1[wewagvjvq] D‡j­wLZ Ab¨vb¨ Kvi‡Y| GB 1[wewagvjvq] D‡j­wLZ Ab¨vb¨ Kvi‡Y|

58. 58 Continue [1][Z‡e kZ© _v‡K †h, Dc-wewa (1) Gi weavb ¶zYœ bv Kwiqv Kwgkb Awfhy³ e¨w³‡K AvB‡bi Aax‡b A_©`‡Û `wÛZ Kwi‡Z cvwi‡e|] [1][Z‡e kZ© _v‡K †h, Dc-wewa (1) Gi weavb ¶zYœ bv Kwiqv Kwgkb Awfhy³ e¨w³‡K AvB‡bi Aax‡b A_©`‡Û `wÛZ Kwi‡Z cvwi‡e|][1] (2) 1[Dc-wewa] (1) G hvnv wKQyB _vKzK bv †Kb, mswk­ó gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRv‡ii wei“‡× M„nxZe¨ e¨e¯’vi Dci wjwLZfv‡e e³e¨ †ck Kivi my‡hvM bv w`qv Ges Zvnvi wei“‡× DÌvwcZ Awf‡hv‡Mi Dci we‡kl Z`š— bv KivBqv, [2][Dc-wewa (1) Gi Aaxb e¨e¯’v MÖnY] Kiv hvB‡e bv Ges GZ`y‡Ï‡k¨ Aš—Zt 15 (cbi) w`‡bi mgq w`qv Zvnv‡K e³e¨ †ck Kivi my‡hvM w`‡Z nB‡e| (2) 1[Dc-wewa] (1) G hvnv wKQyB _vKzK bv †Kb, mswk­ó gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRv‡ii wei“‡× M„nxZe¨ e¨e¯’vi Dci wjwLZfv‡e e³e¨ †ck Kivi my‡hvM bv w`qv Ges Zvnvi wei“‡× DÌvwcZ Awf‡hv‡Mi Dci we‡kl Z`š— bv KivBqv, [2][Dc-wewa (1) Gi Aaxb e¨e¯’v MÖnY] Kiv hvB‡e bv Ges GZ`y‡Ï‡k¨ Aš—Zt 15 (cbi) w`‡bi mgq w`qv Zvnv‡K e³e¨ †ck Kivi my‡hvM w`‡Z nB‡e|[2]

59. 59 Continue (3) mswk­ó gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi KZ…©K h_vmgq Zvnvi e³e¨ Dc¯’vcb Kiv nB‡j, Kwgkb Dnv Ges 1[Dc-wewa] (2) Gi Aaxb cÖvß Z`š— wi‡cvU© we‡ePbv Kwi‡e Ges Awfhy³ gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi‡K e¨w³MZ ev cÖwZwbwai gva¨‡g ïbvbxi my‡hvM cÖ`vb Kwiqv [Dc-wewa (1) Gi Aaxb] wm×vš— MÖnY Kwi‡e Ges wm×vš—wU wjwLZfv‡e RvbvBqv w`‡e| (3) mswk­ó gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi KZ…©K h_vmgq Zvnvi e³e¨ Dc¯’vcb Kiv nB‡j, Kwgkb Dnv Ges 1[Dc-wewa] (2) Gi Aaxb cÖvß Z`š— wi‡cvU© we‡ePbv Kwi‡e Ges Awfhy³ gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi‡K e¨w³MZ ev cÖwZwbwai gva¨‡g ïbvbxi my‡hvM cÖ`vb Kwiqv [Dc-wewa (1) Gi Aaxb] wm×vš— MÖnY Kwi‡e Ges wm×vš—wU wjwLZfv‡e RvbvBqv w`‡e|

60. 60 cybwe©‡ePbv 34| cybwe©‡ePbv- (1) 1[wewa] 33 Gi Aaxb [1][A_©`Û,] Av‡`‡ki Øviv †Kvb gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi ms¶zä nB‡j, wZwb Av‡`‡ki Abywjwc cÖvwßi 15 w`‡bi g‡a¨ Kwgk‡bi wbKU cybwe©‡ePbvi Rb¨ Av‡e`b Kwi‡Z cvwi‡eb| 34| cybwe©‡ePbv- (1) 1[wewa] 33 Gi Aaxb [1][A_©`Û,] Av‡`‡ki Øviv †Kvb gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi ms¶zä nB‡j, wZwb Av‡`‡ki Abywjwc cÖvwßi 15 w`‡bi g‡a¨ Kwgk‡bi wbKU cybwe©‡ePbvi Rb¨ Av‡e`b Kwi‡Z cvwi‡eb|[1] (2) 1[Dc-wewa] (1) Gi Aaxb cÖvß Av‡e`b Kwgkb we‡ePbv Kwi‡e Ges Dnvi Dci Kwgk‡bi wm×vš— P~ovš— nB‡e| (2) 1[Dc-wewa] (1) Gi Aaxb cÖvß Av‡e`b Kwgkb we‡ePbv Kwi‡e Ges Dnvi Dci Kwgk‡bi wm×vš— P~ovš— nB‡e|

61. 61 Continue wmwKDwiwUR I G·‡PÄ Kwgkb (óK-wWjvi, óK-‡eªvKvi I Aby‡gvw`Z cÖwZwbwa) wewagvjv, 2000 wmwKDwiwUR I G·‡PÄ Kwgkb (óK-wWjvi, óK-‡eªvKvi I Aby‡gvw`Z cÖwZwbwa) wewagvjv, 2000 12|wbeÜb mb` evwZj, ¯’wMZKiY, BZ¨vw`|- (1) Dc- wewa (6) Gi weavbvejx ¶zbœ bv Kwiqv, †Kvb óK wWjvi, óK †eªvKvi ev Aby‡gvw`Z cÖwZwbwa wewa 4 Abymv‡i Zvnvi †hvM¨Zv nvivB‡j, ev AvBb, Aa¨v‡`k ev GB wewagvjvi †Kvb weavb ev wbeÜb mb‡`i †Kvb kZ© f½ Kwi‡j, ev wØZxq Zdwm‡j wea„Z †Kvb AvPiYwewa Agvb¨ Kwi‡j, Kwgkb [A_© `Û ev] Zvnvi mb` evwZj Kwi‡Z cvwi‡et 12|wbeÜb mb` evwZj, ¯’wMZKiY, BZ¨vw`|- (1) Dc- wewa (6) Gi weavbvejx ¶zbœ bv Kwiqv, †Kvb óK wWjvi, óK †eªvKvi ev Aby‡gvw`Z cÖwZwbwa wewa 4 Abymv‡i Zvnvi †hvM¨Zv nvivB‡j, ev AvBb, Aa¨v‡`k ev GB wewagvjvi †Kvb weavb ev wbeÜb mb‡`i †Kvb kZ© f½ Kwi‡j, ev wØZxq Zdwm‡j wea„Z †Kvb AvPiYwewa Agvb¨ Kwi‡j, Kwgkb [A_© `Û ev] Zvnvi mb` evwZj Kwi‡Z cvwi‡et Z‡e kZ© _v‡K †h, †hvM¨Zv nvivBevi †¶Î e¨ZxZ Ab¨ †Kvb †¶‡Î Kwgkb, Dchy³ we‡ePbv Kwi‡j, mb` evwZj bv Kwiqv AbwaK GK eQ‡ii Rb¨ Dnvi Kvh©KvwiZv ¯’wMZ Kwi‡Z cvwi‡et

62. 62 Continue [AviI kZ© _v‡K †h, GB Dc-wewai Aaxb A_© `Û Av‡ivc ev †Kvb mb` evwZj ev ¯’wMZ Kivi c~‡e© Kwgkb A_© `Û ev evwZj ev ¯’wMZ Av‡`k Gi KviY D‡j­L Kwiqv mswk­ó óK wWjvi, óK †eªvKvi ev Aby‡gvw`Z cÖwZwbwa‡K Aš—Zt `k w`‡bi GKwU †bvwUk cÖ`vbc~e©K Zvnvi e³e¨ wjwLZfv‡e Dc¯’vc‡bi my‡hvM cÖ`vb Kwi‡e|] [AviI kZ© _v‡K †h, GB Dc-wewai Aaxb A_© `Û Av‡ivc ev †Kvb mb` evwZj ev ¯’wMZ Kivi c~‡e© Kwgkb A_© `Û ev evwZj ev ¯’wMZ Av‡`k Gi KviY D‡j­L Kwiqv mswk­ó óK wWjvi, óK †eªvKvi ev Aby‡gvw`Z cÖwZwbwa‡K Aš—Zt `k w`‡bi GKwU †bvwUk cÖ`vbc~e©K Zvnvi e³e¨ wjwLZfv‡e Dc¯’vc‡bi my‡hvM cÖ`vb Kwi‡e|] (2) Dc-wewa (1) Gi Aaxb †bvwUk cÖvwßi ci mswk­ó óK wWjvi, óK †eªvKvi ev Aby‡gvw`Z cÖwZwbwa Zvnvi e³e¨ †bvwU‡k wba©vwiZ mg‡qi g‡a¨ Dc¯’vcb Kwi‡j Kwgkb D³ e³e¨ Ges Dc-wewa (3) Gi Aaxb `vwLjK…Z Z`š— cÖwZ‡e`b we‡ePbvµ‡g, Ges cÖ‡qvRb‡ev‡a Zvnv‡K e¨w³MZ ev cÖwZwbwai gva¨‡g ïbvbxi my‡hvM cÖ`vb Kwiqv, cÖ¯—vweZ [A_©`Û, mb`] evwZj wKsev ¯’wMZKiY m¤ú‡K© wm×vš— MÖnY Kwi‡e Ges wm×vš—wU wjwLZfv‡e RvbvBqv w`‡e| (2) Dc-wewa (1) Gi Aaxb †bvwUk cÖvwßi ci mswk­ó óK wWjvi, óK †eªvKvi ev Aby‡gvw`Z cÖwZwbwa Zvnvi e³e¨ †bvwU‡k wba©vwiZ mg‡qi g‡a¨ Dc¯’vcb Kwi‡j Kwgkb D³ e³e¨ Ges Dc-wewa (3) Gi Aaxb `vwLjK…Z Z`š— cÖwZ‡e`b we‡ePbvµ‡g, Ges cÖ‡qvRb‡ev‡a Zvnv‡K e¨w³MZ ev cÖwZwbwai gva¨‡g ïbvbxi my‡hvM cÖ`vb Kwiqv, cÖ¯—vweZ [A_©`Û, mb`] evwZj wKsev ¯’wMZKiY m¤ú‡K© wm×vš— MÖnY Kwi‡e Ges wm×vš—wU wjwLZfv‡e RvbvBqv w`‡e|

63. 63 Continue (3)GB wewai Aaxb wm×vš— MÖn‡Yi myweav‡_© Kwgkb cÖ‡qvRb g‡b Kwi‡j GK ev GKvwaK Z`š—Kvix wb‡qvM Kwi‡Z cvwi‡e Ges GBiƒc Z`š—Kvix Kwgk‡bi wb‡`©k Abymv‡i Z`š— Kvh© m¤úbœ Kwiqv GKwU cÖwZ‡e`b `vwLj Kwi‡e| (3)GB wewai Aaxb wm×vš— MÖn‡Yi myweav‡_© Kwgkb cÖ‡qvRb g‡b Kwi‡j GK ev GKvwaK Z`š—Kvix wb‡qvM Kwi‡Z cvwi‡e Ges GBiƒc Z`š—Kvix Kwgk‡bi wb‡`©k Abymv‡i Z`š— Kvh© m¤úbœ Kwiqv GKwU cÖwZ‡e`b `vwLj Kwi‡e| (4)Z`š—Kvix mswk­ó óK wWjvi, óK †eªvKvi ev Aby‡gvw`Z cÖwZwbwa Ges Ab¨vb¨ e¨w³‡K wRÁvmvev` Kwi‡Z mswk­ó KvMRcÎ cix¶v Kwi‡Z Ges cÖ‡qvRb‡ev‡a Dnvi bKj jB‡Z cvwi‡e, Ges GB e¨vcv‡i mswk­ó mK‡j Z`š—Kvix‡K mn‡hvwMZv Kwi‡Z eva¨ _vwK‡eb| (4)Z`š—Kvix mswk­ó óK wWjvi, óK †eªvKvi ev Aby‡gvw`Z cÖwZwbwa Ges Ab¨vb¨ e¨w³‡K wRÁvmvev` Kwi‡Z mswk­ó KvMRcÎ cix¶v Kwi‡Z Ges cÖ‡qvRb‡ev‡a Dnvi bKj jB‡Z cvwi‡e, Ges GB e¨vcv‡i mswk­ó mK‡j Z`š—Kvix‡K mn‡hvwMZv Kwi‡Z eva¨ _vwK‡eb| (5)GB wewai Aaxb †Kvb wbeÜb mb` evwZj wKsev ¯’wMZ Kiv nB‡j D³ wm×v‡š—i GKwU Abywjwc mswk­ó óK G·‡P‡Ä †cÖiY Kwi‡Z nB‡e Ges welqwU wewa 10 G Dwj­wLZ †iwRóv‡i wjwce× Kwi‡Z nB‡e| (5)GB wewai Aaxb †Kvb wbeÜb mb` evwZj wKsev ¯’wMZ Kiv nB‡j D³ wm×v‡š—i GKwU Abywjwc mswk­ó óK G·‡P‡Ä †cÖiY Kwi‡Z nB‡e Ges welqwU wewa 10 G Dwj­wLZ †iwRóv‡i wjwce× Kwi‡Z nB‡e|

64. 64 Continue (6) Kwgkb †Kvb we‡kl †¶‡Î hw` GB g‡g© mš‘ó nq †h, Dc-wewa (1) Gi Aaxb †Kvb wm×vš— MÖn‡bi c~‡e©B †Kvb wbeÜb mb‡`i Kvh©KvwiZv ¯’wMZ Kiv cÖ‡qvRb Zvnv nB‡j, Dc-wewa (1) Gi kZ©vsk Abymv‡i †bvwUk Rvixi c~‡e© ev c‡i †h †Kvb mgq Zvr¶wYK ïbvbx w`qv AbwaK wÎk w`‡bi Rb¨ D³ mb‡`i Kvh©KvwiZv ¯’wMZ Kwi‡Z cvwi‡e, Ges Zvnv Kiv nB‡j welqwU m¤ú‡K© mswk­ó óK G·‡PćK wjwLZfv‡e AewnZ Kwi‡e| (6) Kwgkb †Kvb we‡kl †¶‡Î hw` GB g‡g© mš‘ó nq †h, Dc-wewa (1) Gi Aaxb †Kvb wm×vš— MÖn‡bi c~‡e©B †Kvb wbeÜb mb‡`i Kvh©KvwiZv ¯’wMZ Kiv cÖ‡qvRb Zvnv nB‡j, Dc-wewa (1) Gi kZ©vsk Abymv‡i †bvwUk Rvixi c~‡e© ev c‡i †h †Kvb mgq Zvr¶wYK ïbvbx w`qv AbwaK wÎk w`‡bi Rb¨ D³ mb‡`i Kvh©KvwiZv ¯’wMZ Kwi‡Z cvwi‡e, Ges Zvnv Kiv nB‡j welqwU m¤ú‡K© mswk­ó óK G·‡PćK wjwLZfv‡e AewnZ Kwi‡e| (7) Dc-wewa (1) ev (6) Gi Aaxb †Kvb wbeÜb mb‡`i Kvh©KvwiZv ¯’wMZ Kiv nB‡j mswk­ó óK wWjvi ev óK †eªvKvi ev Aby‡gvw`Z cÖwZwbwa D³ mb‡`i wfwˇZ †Kvb Kvh©µg cwiPvjbv Kwi‡Z cvwi‡e bv| (7) Dc-wewa (1) ev (6) Gi Aaxb †Kvb wbeÜb mb‡`i Kvh©KvwiZv ¯’wMZ Kiv nB‡j mswk­ó óK wWjvi ev óK †eªvKvi ev Aby‡gvw`Z cÖwZwbwa D³ mb‡`i wfwˇZ †Kvb Kvh©µg cwiPvjbv Kwi‡Z cvwi‡e bv|

65. 65 17| Avcxj|- (1) †Kvb óK wWjvi, óK ‡eªvKvi ev Aby‡gvw`Z cÖwZwbwa GB wewagvjvi Aaxb cÖ`Ë †Kvb Av‡`k Øviv ms¶zä nB‡j wZwb D³ Av‡`k cÖvwßi c‡bi w`‡bi g‡a¨ Kwgk‡bi wbKU Avcxj `v‡qi Kwi‡Z cvwi‡eb| 17| Avcxj|- (1) †Kvb óK wWjvi, óK ‡eªvKvi ev Aby‡gvw`Z cÖwZwbwa GB wewagvjvi Aaxb cÖ`Ë †Kvb Av‡`k Øviv ms¶zä nB‡j wZwb D³ Av‡`k cÖvwßi c‡bi w`‡bi g‡a¨ Kwgk‡bi wbKU Avcxj `v‡qi Kwi‡Z cvwi‡eb| (2)D³ Avcxj dig O-†Z Kwgkb eive‡i GKkZ UvKv wdm RgvKi‡Yi e¨vsK WªvdU ev †c- AW©vimn `vwLj Kwi‡Z nB‡e| (2)D³ Avcxj dig O-†Z Kwgkb eive‡i GKkZ UvKv wdm RgvKi‡Yi e¨vsK WªvdU ev †c- AW©vimn `vwLj Kwi‡Z nB‡e| (3)dig O-†Z D†j­wLZ Z_¨vw`i AwZwi³ Z_¨vw`i cÖ‡qvRb nB‡j Zvnv AwZwi³ KvM‡R wjwce× Kwiqv `vwLj Kiv hvB‡e Ges Avcx‡j Dc¯’vwcZ e³‡e¨i mg_©‡b cÖ‡qvRbxq KvMRcÎ mshy³ Kiv hvB‡e| (3)dig O-†Z D†j­wLZ Z_¨vw`i AwZwi³ Z_¨vw`i cÖ‡qvRb nB‡j Zvnv AwZwi³ KvM‡R wjwce× Kwiqv `vwLj Kiv hvB‡e Ges Avcx‡j Dc¯’vwcZ e³‡e¨i mg_©‡b cÖ‡qvRbxq KvMRcÎ mshy³ Kiv hvB‡e| (4) Kwgkb Avcxj we‡ePbvi myweav‡_© AvcxjKvix‡K e¨w³MZfv‡e ev cÖwZwbwai gva¨‡g ïbvbxi my‡hvM w`‡Z cvwi‡e Ges AvcxjKvix ev Zvnvi cÖwZwbwai wbKU nB‡Z cÖ‡qvRbxq KvMRcÎ ev Z_¨ Zje Kwi‡Z cvwi‡e| (4) Kwgkb Avcxj we‡ePbvi myweav‡_© AvcxjKvix‡K e¨w³MZfv‡e ev cÖwZwbwai gva¨‡g ïbvbxi my‡hvM w`‡Z cvwi‡e Ges AvcxjKvix ev Zvnvi cÖwZwbwai wbKU nB‡Z cÖ‡qvRbxq KvMRcÎ ev Z_¨ Zje Kwi‡Z cvwi‡e|

66. 66 (5)Kwgkb Avcx‡ji `iLv¯— cÖvwßi wÎk Kvh© w`e‡mi g‡a¨ AvcxjwU wb¯úw˵‡g Dnvi wm×vš— AvcxjKvix‡K RvbvBqv w`‡e| (5)Kwgkb Avcx‡ji `iLv¯— cÖvwßi wÎk Kvh© w`e‡mi g‡a¨ AvcxjwU wb¯úw˵‡g Dnvi wm×vš— AvcxjKvix‡K RvbvBqv w`‡e| (6)Avcx‡j cÖ`Ë wm×vš— Abymv‡i †Kvb óK wWjvi, óK †eªvKvi ev Aby‡gvw`Z cÖwZwbwai mb` evwZj wKsev ¯’wMZ nB‡j D³ wm×v‡š—i GKwU Abywjwc mswk­ó óK G·‡PćK cÖ`vb Kwi‡Z nB‡e| (6)Avcx‡j cÖ`Ë wm×vš— Abymv‡i †Kvb óK wWjvi, óK †eªvKvi ev Aby‡gvw`Z cÖwZwbwai mb` evwZj wKsev ¯’wMZ nB‡j D³ wm×v‡š—i GKwU Abywjwc mswk­ó óK G·‡PćK cÖ`vb Kwi‡Z nB‡e| (7)wewa 12(1) ev 12(7) Gi Aaxb wbeÜb mb‡`i Kvh©KvwiZv ¯’wMZ Kiv nB‡j Avcxj wb¯úwË bv nIqv ch©š— wbeÜb mb‡`i Kvh©KvwiZv m¤úwK©Z ¯’wMZv‡`k envj _vwK‡e| (7)wewa 12(1) ev 12(7) Gi Aaxb wbeÜb mb‡`i Kvh©KvwiZv ¯’wMZ Kiv nB‡j Avcxj wb¯úwË bv nIqv ch©š— wbeÜb mb‡`i Kvh©KvwiZv m¤úwK©Z ¯’wMZv‡`k envj _vwK‡e| 18| cybt we‡ePbv|- wewa 17 Gi Aaxb cÖ`Ë wm×vš— Kwgkb ¯^xq D‡`¨v‡M ev mswk­ó e¨w³i Av‡e`‡bi wfwˇZ cybt we‡ePbv Kwi‡Z cvwi‡e Ges GB †¶‡Î Kwgk‡bi wm×vš—B P‚ovš— nB‡e| 18| cybt we‡ePbv|- wewa 17 Gi Aaxb cÖ`Ë wm×vš— Kwgkb ¯^xq D‡`¨v‡M ev mswk­ó e¨w³i Av‡e`‡bi wfwˇZ cybt we‡ePbv Kwi‡Z cvwi‡e Ges GB †¶‡Î Kwgk‡bi wm×vš—B P‚ovš— nB‡e|

67. 67 Continue wmwKDwiwUR I G·‡PÄ Kwgkb (evRvi m„wóKvix) wewagvjv, 2000 wmwKDwiwUR I G·‡PÄ Kwgkb (evRvi m„wóKvix) wewagvjv, 2000 20| wbeÜb mb` evwZj, ¯’wMZKiY, BZ¨vw`| Ñ (1) †Kvb evRvi m„wóKvix GB wewa Abymv‡i †hvM¨Zv nvivB‡j ev AvBb, Aa¨v‡`k, GB wewagvjv ev wbeÜb mb‡`i †Kvb kZ© fsM Kwi‡j, ev mswk­ó ÷K G·‡P‡Äi cÖweavb ev Dc-AvBb Agvb¨ Kwi‡j, Kwgkb D³ evRvi m„wóKvix mb` evwZj wKsev †Kvb wba©vwiZ mg‡qi R‡b¨ mb‡`i Kwh©KvwiZv ¯’wMZ Kwi‡Z cvwi‡e; Z‡e kZ© _v‡K †h, GB wewai Aax‡b †Kvb mb` evwZj ev ¯’wM‡Zi c~‡e© Kwgkb mb` evwZj ev ¯’wMZKi‡Yi KviY D‡j­Lc~e©K mswk­ó evRvi m„wóKvix‡K Aš—Zt mvZ w`‡bi GKwU †bvwUk cÖ`vbc~e©K Dnvi e³e¨ wjwLZfv‡e Dc¯’vc‡bi my‡hvM cÖ`vb Kwi‡e| 20| wbeÜb mb` evwZj, ¯’wMZKiY, BZ¨vw`| Ñ (1) †Kvb evRvi m„wóKvix GB wewa Abymv‡i †hvM¨Zv nvivB‡j ev AvBb, Aa¨v‡`k, GB wewagvjv ev wbeÜb mb‡`i †Kvb kZ© fsM Kwi‡j, ev mswk­ó ÷K G·‡P‡Äi cÖweavb ev Dc-AvBb Agvb¨ Kwi‡j, Kwgkb D³ evRvi m„wóKvix mb` evwZj wKsev †Kvb wba©vwiZ mg‡qi R‡b¨ mb‡`i Kwh©KvwiZv ¯’wMZ Kwi‡Z cvwi‡e; Z‡e kZ© _v‡K †h, GB wewai Aax‡b †Kvb mb` evwZj ev ¯’wM‡Zi c~‡e© Kwgkb mb` evwZj ev ¯’wMZKi‡Yi KviY D‡j­Lc~e©K mswk­ó evRvi m„wóKvix‡K Aš—Zt mvZ w`‡bi GKwU †bvwUk cÖ`vbc~e©K Dnvi e³e¨ wjwLZfv‡e Dc¯’vc‡bi my‡hvM cÖ`vb Kwi‡e|

68. 68 Continue (2) Dc-wewa (1) Gi Aax‡b †bvwUk cÖvwßi ci mswk­ó evRvi m„wóKvix Zvnvi e³e¨ wba©vwiZ mg‡qi g‡a¨ Dc¯’vcb Kwi‡j †mB‡¶‡Î Kwgkb D³ e³e¨ we‡ePbvµ‡g, Ges cÖ‡qvR‡b Dnvi cÖavb wbe©vnx‡K e¨w³MZ ev cÖwZwbwai gva¨‡g ïbvbxi my‡hvM cÖ`vb Kwiqv, cÖ¯— vweZ evwZj ev ¯’wMZKiY m¤ú‡K© wm×vš— MÖnY Kwi‡e Ges wm×vš—wU wjwLZfv‡e mswk­ó evRvi m„wóKvix‡K RvbvBqv w`‡e, Ges wm×v‡š—i GKwU Abywjwc mswk­ó ÷K G·‡PćK cÖ`vb Kwi‡e | (2) Dc-wewa (1) Gi Aax‡b †bvwUk cÖvwßi ci mswk­ó evRvi m„wóKvix Zvnvi e³e¨ wba©vwiZ mg‡qi g‡a¨ Dc¯’vcb Kwi‡j †mB‡¶‡Î Kwgkb D³ e³e¨ we‡ePbvµ‡g, Ges cÖ‡qvR‡b Dnvi cÖavb wbe©vnx‡K e¨w³MZ ev cÖwZwbwai gva¨‡g ïbvbxi my‡hvM cÖ`vb Kwiqv, cÖ¯— vweZ evwZj ev ¯’wMZKiY m¤ú‡K© wm×vš— MÖnY Kwi‡e Ges wm×vš—wU wjwLZfv‡e mswk­ó evRvi m„wóKvix‡K RvbvBqv w`‡e, Ges wm×v‡š—i GKwU Abywjwc mswk­ó ÷K G·‡PćK cÖ`vb Kwi‡e | (3)Kwgkb †Kvb we‡kl †¶‡Î hw` GBg‡g© mš‘ó nq †h, GB wewai Aax‡b †Kvb wbeÜb mb` evwZ‡ji wm×vš— MÖn‡Yi c~‡e©B mb‡`i Kvh©KvwiZv ¯’wMZ Kiv cÖ‡qvRb Zvnv nB‡j, Kwgkb Dc-wewa (1) Gi kZ©vsk Abymv‡i †bvwUk Rvwii c~‡e© ev c‡i †h †Kvb mgq D³ mb‡`i Kvh©KvwiZv ¯’wMZ Kwi‡Z cvwi‡e, Ges Zvnv Kiv nB‡j wm×vš— m¤ú‡K© mswk­ó evRvi m„wóKvix I ÷K G·‡PćK AewnZ Kwi‡Z Kwi‡e| (3)Kwgkb †Kvb we‡kl †¶‡Î hw` GBg‡g© mš‘ó nq †h, GB wewai Aax‡b †Kvb wbeÜb mb` evwZ‡ji wm×vš— MÖn‡Yi c~‡e©B mb‡`i Kvh©KvwiZv ¯’wMZ Kiv cÖ‡qvRb Zvnv nB‡j, Kwgkb Dc-wewa (1) Gi kZ©vsk Abymv‡i †bvwUk Rvwii c~‡e© ev c‡i †h †Kvb mgq D³ mb‡`i Kvh©KvwiZv ¯’wMZ Kwi‡Z cvwi‡e, Ges Zvnv Kiv nB‡j wm×vš— m¤ú‡K© mswk­ó evRvi m„wóKvix I ÷K G·‡PćK AewnZ Kwi‡Z Kwi‡e|

69. 69 Continue (4) Dc-wewa (2) I (3) Gi Aax‡b †Kvb wbeÜb mb‡`i Kvh©KvwiZv ¯’wMZ Kiv nB‡j mswk­ó evRvi m„wóKvix D³ mb‡`i wfwˇZ †Kvb KvRKg© Kwi‡Z cvwi‡e bv| (4) Dc-wewa (2) I (3) Gi Aax‡b †Kvb wbeÜb mb‡`i Kvh©KvwiZv ¯’wMZ Kiv nB‡j mswk­ó evRvi m„wóKvix D³ mb‡`i wfwˇZ †Kvb KvRKg© Kwi‡Z cvwi‡e bv| 21| we‡kl †¶‡Î Ab¨vb¨ kvw¯—g~jK e¨e¯’v MÖnY|- GB wewai Aaxb evRvi m„wóKvixi wei“‡× †h †Kvb e¨e¯’vB MÖnY Kiv nDK bv †Kb Kwgkb, we‡kl †¶‡Î cª‡qvRb g‡b Kwi‡j, AvBb ev Aa¨v‡`‡ki AvIZvq cª‡hvR¨ Ab¨vb¨ †h †Kvb kvw¯— g~jK e¨e¯’vI MÖnY Kwi‡Z cvwi‡e| 21| we‡kl †¶‡Î Ab¨vb¨ kvw¯—g~jK e¨e¯’v MÖnY|- GB wewai Aaxb evRvi m„wóKvixi wei“‡× †h †Kvb e¨e¯’vB MÖnY Kiv nDK bv †Kb Kwgkb, we‡kl †¶‡Î cª‡qvRb g‡b Kwi‡j, AvBb ev Aa¨v‡`‡ki AvIZvq cª‡hvR¨ Ab¨vb¨ †h †Kvb kvw¯— g~jK e¨e¯’vI MÖnY Kwi‡Z cvwi‡e|

70. 70 Continue wmwKDwiwUR I G·‡PÄ Kwgkb (wgDPz¨qvj dvÛ) wewagvjv, 2001 wmwKDwiwUR I G·‡PÄ Kwgkb (wgDPz¨qvj dvÛ) wewagvjv, 2001 82| kvw¯— I Dnvi KviY|- (1)†h †Kn- 82| kvw¯— I Dnvi KviY|- (1)†h †Kn- (K) GB wewagvjvi Aaxb wbeÜb gÄy‡ii †Kvb kZ© gvwbqv Pwj‡Z e¨_© nB‡j; A_ev (K) GB wewagvjvi Aaxb wbeÜb gÄy‡ii †Kvb kZ© gvwbqv Pwj‡Z e¨_© nB‡j; A_ev (L) AvBb I GB wewagvjvi †Kvb weavb jsNb Kwi‡j; (L) AvBb I GB wewagvjvi †Kvb weavb jsNb Kwi‡j; Dc-wewa (2) G ewY©Z †h †Kvb kvw¯— Zvnvi cÖwZ Av‡ivwcZ nB‡e| Dc-wewa (2) G ewY©Z †h †Kvb kvw¯— Zvnvi cÖwZ Av‡ivwcZ nB‡e| (2) Dc-wewa (1) Abyhvqx †h mKj kvw¯— Av‡ivc Kiv hvB‡e Zvnv wbgœiƒc, h_vt- (2) Dc-wewa (1) Abyhvqx †h mKj kvw¯— Av‡ivc Kiv hvB‡e Zvnv wbgœiƒc, h_vt- (K) AvBb Øviv wba©vwiZ Rwigvbv I kvw¯—; (K) AvBb Øviv wba©vwiZ Rwigvbv I kvw¯—; (L) GKwU wbw`©ó †gqv‡`i Rb¨ wbeÜb ¯’wMZKiY, hvnv GK erm‡ii AwaK nB‡ebv; (L) GKwU wbw`©ó †gqv‡`i Rb¨ wbeÜb ¯’wMZKiY, hvnv GK erm‡ii AwaK nB‡ebv; (M) wbeÜb evwZj; (M) wbeÜb evwZj; (N) Ab¨ †Kvb ¯‹xg MÖn‡Y wb‡lavÁv; (N) Ab¨ †Kvb ¯‹xg MÖn‡Y wb‡lavÁv; (O) †Kvb wgDPz¨qvj dv‡Ûi Rb¨ Uªvw÷, m¤ú` e¨e¯’vcK ev †ndvRZKvix wnmv‡e KvR Kwievi wb‡lavÁv; Ges (O) †Kvb wgDPz¨qvj dv‡Ûi Rb¨ Uªvw÷, m¤ú` e¨e¯’vcK ev †ndvRZKvix wnmv‡e KvR Kwievi wb‡lavÁv; Ges (P) Ab¨ †Kvb wgDPz¨qvj dvÛ MV‡b wb‡lavÁv| (P) Ab¨ †Kvb wgDPz¨qvj dvÛ MV‡b wb‡lavÁv|

71. 71 Continue 83| wgDPz¨qvj dv‡Ûi wbeÜb ¯’wMZKiY|- †Kvb wgDPz¨qvj dv‡Ûi wbeÜb ¯’wMZKi‡Yi kvw¯— Av‡ivc Kiv nB‡e, hw`- 83| wgDPz¨qvj dv‡Ûi wbeÜb ¯’wMZKiY|- †Kvb wgDPz¨qvj dv‡Ûi wbeÜb ¯’wMZKi‡Yi kvw¯— Av‡ivc Kiv nB‡e, hw`- (K) D³ wgDPz¨qvj dvÛ A_ev Dnvi Uªvw÷, m¤ú` e¨e¯’vcK ev †ndvRZKvix AvBb ev GB wewagvjvi †Kvb weavb jsNb K‡i; (K) D³ wgDPz¨qvj dvÛ A_ev Dnvi Uªvw÷, m¤ú` e¨e¯’vcK ev †ndvRZKvix AvBb ev GB wewagvjvi †Kvb weavb jsNb K‡i; (L) D³ wgDPz¨qvj dvÛ A_ev Dnvi Uªvw÷, m¤ú` e¨e¯’vcK ev †ndvRZKvix- (L) D³ wgDPz¨qvj dvÛ A_ev Dnvi Uªvw÷, m¤ú` e¨e¯’vcK ev †ndvRZKvix- (A) wbR KvR m¤úwK©Z †Kvb Z_¨ GB wewagvjv Abyhvqx `vwLj Kwi‡Z e¨_© nq; (A) wbR KvR m¤úwK©Z †Kvb Z_¨ GB wewagvjv Abyhvqx `vwLj Kwi‡Z e¨_© nq; (Av) åvš— A_ev wg_¨v Z_¨ cwi‡ekb K‡i; (Av) åvš— A_ev wg_¨v Z_¨ cwi‡ekb K‡i; (B) GB wewagvjv Abyhvqx cÖwZ‡e`b cÖ`vb bv K‡i; (B) GB wewagvjv Abyhvqx cÖwZ‡e`b cÖ`vb bv K‡i; (&C)Kwgkb KZ…©K cwiPvwjZ †Kvb Z`š— Kv‡R mn‡hvwMZv bv K‡i; (&C)Kwgkb KZ…©K cwiPvwjZ †Kvb Z`š— Kv‡R mn‡hvwMZv bv K‡i;

72. 72 Continue (M)D³ wgDPz¨qvj dvÛ wewb‡qvMKvix‡`i DÌvwcZ †Kvb Awf‡hvM wbimb A_ev mswk­ó wel‡q Kwgk‡bi wbKU m‡š—vlRbK DËi cÖ`vb Kwi‡Z bv cv‡i; (M)D³ wgDPz¨qvj dvÛ wewb‡qvMKvix‡`i DÌvwcZ †Kvb Awf‡hvM wbimb A_ev mswk­ó wel‡q Kwgk‡bi wbKU m‡š—vlRbK DËi cÖ`vb Kwi‡Z bv cv‡i; D³ wgDPz¨qvj dvÛ KviPzwci Avkªq MÖnY K‡i; D³ wgDPz¨qvj dvÛ KviPzwci Avkªq MÖnY K‡i; D³ wgDPz¨qvj dvÛ Am`vPiY A_ev Ae¨emvqxmyjf ev A‡ckv`vixmyjf AvPiY cÖ`k©b K‡i; D³ wgDPz¨qvj dvÛ Am`vPiY A_ev Ae¨emvqxmyjf ev A‡ckv`vixmyjf AvPiY cÖ`k©b K‡i; D³ wgDPz¨qvj dvÛ GB wewagvjvi Aaxb †`q wd cwi‡kva Kwi‡Z e¨_© nq; D³ wgDPz¨qvj dvÛ GB wewagvjvi Aaxb †`q wd cwi‡kva Kwi‡Z e¨_© nq; D³ wgDPz¨qvj dvÛ wbe܇bi †Kvb kZ© fsM K‡i; D³ wgDPz¨qvj dvÛ wbe܇bi †Kvb kZ© fsM K‡i; D³ wgDPz¨qvj dv‡Ûi D‡`¨v³v, Uªvw÷, m¤ú` e¨e¯’vcK ev †ndvRZKvix GB wewagvjvq ewY©Z Dnvi `vwqZ¡ cvjb bv K‡i| D³ wgDPz¨qvj dv‡Ûi D‡`¨v³v, Uªvw÷, m¤ú` e¨e¯’vcK ev †ndvRZKvix GB wewagvjvq ewY©Z Dnvi `vwqZ¡ cvjb bv K‡i|

73. 73 Continue 84| wgDPz¨qvj dv‡Ûi wbeÜb evwZj|- †Kvb wgDPz¨qvj dv‡Ûi wbeÜb evwZ‡ji kvw¯— Av‡ivc Kiv nB‡e, hw`- 84| wgDPz¨qvj dv‡Ûi wbeÜb evwZj|- †Kvb wgDPz¨qvj dv‡Ûi wbeÜb evwZ‡ji kvw¯— Av‡ivc Kiv nB‡e, hw`- (K) D³ wgDPz¨qvj dvÛ ev Dnvi m¤ú` e¨e¯’vcK B”QvK…Z KviPzwc K‡i hvnv cuywR evRvi I wewb‡qvMKvixM‡Yi ¯^v‡_©i cwicš’x; (K) D³ wgDPz¨qvj dvÛ ev Dnvi m¤ú` e¨e¯’vcK B”QvK…Z KviPzwc K‡i hvnv cuywR evRvi I wewb‡qvMKvixM‡Yi ¯^v‡_©i cwicš’x; (L) D³ wgDPz¨qvj dv‡Ûi Avw_©K Ae¯’vi GBiƒc AebwZ N‡U †h, Kwgk‡bi g‡Z Dnv wewb‡qvMKvixM‡Yi ¯^v‡_©i AbyK’‡j b‡n; (L) D³ wgDPz¨qvj dv‡Ûi Avw_©K Ae¯’vi GBiƒc AebwZ N‡U †h, Kwgk‡bi g‡Z Dnv wewb‡qvMKvixM‡Yi ¯^v‡_©i AbyK’‡j b‡n; (M) D³ wgDPz¨qvj dvÛ A_ev Dnvi D‡`¨v³v, Uªvw÷, m¤ú` e¨e¯’vcK ev †ndvRZKvix cÖZviYv ev †Kvb †dŠR`vix Aciv‡a `wÛZ nq| (M) D³ wgDPz¨qvj dvÛ A_ev Dnvi D‡`¨v³v, Uªvw÷, m¤ú` e¨e¯’vcK ev †ndvRZKvix cÖZviYv ev †Kvb †dŠR`vix Aciv‡a `wÛZ nq| 85| Z`š—|- wewa 86 Gi Aaxb Z`š— Abyôvb e¨ZxZ †Kvb wgDPy¨qvj dvÛ, Uªvw÷, m¤ú` e¨e¯’vcK ev †ndvRZKvixi wbeÜb ¯’wMZ ev evwZj Kivi Av‡`k cÖ`vb Kiv nB‡e bv| 85| Z`š—|- wewa 86 Gi Aaxb Z`š— Abyôvb e¨ZxZ †Kvb wgDPy¨qvj dvÛ, Uªvw÷, m¤ú` e¨e¯’vcK ev †ndvRZKvixi wbeÜb ¯’wMZ ev evwZj Kivi Av‡`k cÖ`vb Kiv nB‡e bv|

74. 74 Avcxj 90|Avcxj- Kwgk‡bi †Kvb Av‡`‡k †Kvb e¨w³ ms¶zä nB‡j wZwb Kwgk‡bi wbKU wmwKDwiwUR I G·‡PÄ Kwgkb (Avcxj) cÖweavbgvjv, 1995 Abyhvqx Avcxj Kwi‡Z cvwi‡eb| 90|Avcxj- Kwgk‡bi †Kvb Av‡`‡k †Kvb e¨w³ ms¶zä nB‡j wZwb Kwgk‡bi wbKU wmwKDwiwUR I G·‡PÄ Kwgkb (Avcxj) cÖweavbgvjv, 1995 Abyhvqx Avcxj Kwi‡Z cvwi‡eb|

75. 75 Continue wmwKDwiwUR I G·‡PÄ Kwgkb (D‡j­ L‡hvM¨ msL¨K †kqvi AR©b, AwaMÖnY I KZ©„Z¡ MÖnY) wewagvjv, 2002 wmwKDwiwUR I G·‡PÄ Kwgkb (D‡j­ L‡hvM¨ msL¨K †kqvi AR©b, AwaMÖnY I KZ©„Z¡ MÖnY) wewagvjv, 2002 34| kvw¯—|- hw` †Kn GB wewagvjvq Dwj­wLZ †Kvb wewa, Dc-wewa ev wb‡`©k fsM K‡i Z‡e Zvnvi †¶‡Î AvBb Øviv wba©vwiZ kvw¯— cÖ‡hvR¨ nB‡e| 34| kvw¯—|- hw` †Kn GB wewagvjvq Dwj­wLZ †Kvb wewa, Dc-wewa ev wb‡`©k fsM K‡i Z‡e Zvnvi †¶‡Î AvBb Øviv wba©vwiZ kvw¯— cÖ‡hvR¨ nB‡e|

76. 76 Continue wmwKDwiwUR I G·‡PÄ Kwgkb (wmwKDwiwU Kv÷wWqvj †mev) wewagvjv, 2003 wmwKDwiwUR I G·‡PÄ Kwgkb (wmwKDwiwU Kv÷wWqvj †mev) wewagvjv, 2003 19|wbeÜb mb` evwZjKiY|- (1) wbe܇bi Rb¨ cÖ‡hvR¨ †Kvb †hvM¨Zv nvivB‡j wmwKDwiwU Kv÷wWqvb Gi wbeÜb mb` Zvr¶wYKfv‡e AKvh©Ki ewjqv MY¨ nB‡e| (2) Bnv Qvov wbgœwjwLZ Kvi‡Y Kwgkb wmwKDwiwU Kv÷wWqvb Gi wbeÜb mb` evwZj Kwi‡Z cvwi‡e, h_vt- (2) Bnv Qvov wbgœwjwLZ Kvi‡Y Kwgkb wmwKDwiwU Kv÷wWqvb Gi wbeÜb mb` evwZj Kwi‡Z cvwi‡e, h_vt- (K) wewa 18 Gi Dc-wewa(1) G Dwj­wLZ jNb GKvwaKevi NwU‡j; (K) wewa 18 Gi Dc-wewa(1) G Dwj­wLZ jNb GKvwaKevi NwU‡j; (L) wmwKDwiwU Kv÷wWqvb †Kvb cÖZviYv ( fraud ) A_ev ‰bwZK öjbRwbZ Aciv‡a †`vlx mve¨¯— nB‡j; (L) wmwKDwiwU Kv÷wWqvb †Kvb cÖZviYv ( fraud ) A_ev ‰bwZK öjbRwbZ Aciv‡a †`vlx mve¨¯— nB‡j; (M) wmwKDwiwU Kv÷wWqvb KZ…©K Kwgk‡bi wbKU mieivnK…Z ‡Kvb `wjjcÎ ev Z‡_¨ wbeÜb mb` gÄyi Kivi ci †Kvb ¸i“Z¡c~Y© welq Aï× ev weåvwš—Ki ewjqv mve¨¯— nB‡jt (M) wmwKDwiwU Kv÷wWqvb KZ…©K Kwgk‡bi wbKU mieivnK…Z ‡Kvb `wjjcÎ ev Z‡_¨ wbeÜb mb` gÄyi Kivi ci †Kvb ¸i“Z¡c~Y© welq Aï× ev weåvwš—Ki ewjqv mve¨¯— nB‡jt Z‡e kZ© _v‡K †h, KviY `k©v‡bv ( show cause ) mn hyw³m½Z ïbvbxi my‡hvM bv w`qv Dc-wewa (2) Gi Aaxb †Kvb e¨e¯’v MÖnY Kiv hvB‡e bv| Z‡e kZ© _v‡K †h, KviY `k©v‡bv ( show cause ) mn hyw³m½Z ïbvbxi my‡hvM bv w`qv Dc-wewa (2) Gi Aaxb †Kvb e¨e¯’v MÖnY Kiv hvB‡e bv| [19K| A_©`Û|- wewa 18 I 19 Gi weavb ¶zbœ bv Kwiqv Kwgkb Awfhy³ e¨w³‡K AvB‡bi Aax‡b A_©`‡Û `wÛZ Kwi‡Z cvwi‡e|] [19K| A_©`Û|- wewa 18 I 19 Gi weavb ¶zbœ bv Kwiqv Kwgkb Awfhy³ e¨w³‡K AvB‡bi Aax‡b A_©`‡Û `wÛZ Kwi‡Z cvwi‡e|]

77. 77 Avcxj 90|Avcxj- Kwgk‡bi †Kvb Av‡`‡k †Kvb e¨w³ ms¶zä nB‡j wZwb Kwgk‡bi wbKU wmwKDwiwUR I G·‡PÄ Kwgkb (Avcxj) cÖweavbgvjv, 1995 Abyhvqx Avcxj Kwi‡Z cvwi‡eb| 90|Avcxj- Kwgk‡bi †Kvb Av‡`‡k †Kvb e¨w³ ms¶zä nB‡j wZwb Kwgk‡bi wbKU wmwKDwiwUR I G·‡PÄ Kwgkb (Avcxj) cÖweavbgvjv, 1995 Abyhvqx Avcxj Kwi‡Z cvwi‡eb|

78. 78 Continue wmwKDwiwUR I G·‡PÄ Kwgkb (m¤ú` wfwËK wmwKDwiwU Bmy¨) wewagvjv, 2004 wmwKDwiwUR I G·‡PÄ Kwgkb (m¤ú` wfwËK wmwKDwiwU Bmy¨) wewagvjv, 2004 9| kvw¯—|- GB wewagvjvq Dwj­wLZ kvw¯—g~jK e¨e¯’vw`i weavb ¶ybœ bv Kwiqv wewagvjvq Dwj­wLZ ev Z`vaxb cÖ`Ë wbeÜb msµvš— kZ©vw` fs‡Mi Rb¨, †¶Îwe‡k‡l, Securities and Exchange Ordinance, 1969, wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 wKsev wWcwRUwi AvBb, 1999 †Z Dwj­wLZ kvw¯—g~jK e¨e¯’vw` MÖnYI cÖ‡hvR¨ nB‡e| 9| kvw¯—|- GB wewagvjvq Dwj­wLZ kvw¯—g~jK e¨e¯’vw`i weavb ¶ybœ bv Kwiqv wewagvjvq Dwj­wLZ ev Z`vaxb cÖ`Ë wbeÜb msµvš— kZ©vw` fs‡Mi Rb¨, †¶Îwe‡k‡l, Securities and Exchange Ordinance, 1969, wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 wKsev wWcwRUwi AvBb, 1999 †Z Dwj­wLZ kvw¯—g~jK e¨e¯’vw` MÖnYI cÖ‡hvR¨ nB‡e|

79. 79 Continue wWcwRUwi AvBb, 1999 wWcwRUwi AvBb, 1999 15| kvw¯—|- (1) †Kvb e¨w³ GB AvB‡bi †Kvb weavb jsNb Kwi‡j ev Kivi †Póv Kwi‡j ev Kwi‡Z mvnvh¨ Kwi‡j wZwb AbwaK cvuP erm‡ii Kviv`‡Û ev A_© `‡Û A_ev Dfq `‡Û `Ûbxq nB‡eb| 15| kvw¯—|- (1) †Kvb e¨w³ GB AvB‡bi †Kvb weavb jsNb Kwi‡j ev Kivi †Póv Kwi‡j ev Kwi‡Z mvnvh¨ Kwi‡j wZwb AbwaK cvuP erm‡ii Kviv`‡Û ev A_© `‡Û A_ev Dfq `‡Û `Ûbxq nB‡eb| (2) Dc-aviv (1) G Dwj­wLZ †Kvb Aciv‡a †`vlx †Kvb e¨w³ †Kv¤úvbx A_ev Ab¨ ‡Kvb mswewae× ms¯’v nB‡j, Dnvi cÖ‡Z¨K cwiPvjK, g¨v‡bRvi, A_ev Dnvi Kvh© cwiPvjbvi Rb¨ `vwqZ¡kxj Ab¨ †Kvb Kg©KZ©v D³ Aciv‡a †`vlx ewjqv we‡ewPZ nB‡eb hw` bv wZwb cÖgvY K‡ib †h AcivawU Zvnvi A‡MvP‡i msNwUZ nBqv‡Q A_ev Dnv †iva Kivi Rb¨ wZwb h_vmva¨ †Póv Kwiqv‡Qb| (2) Dc-aviv (1) G Dwj­wLZ †Kvb Aciv‡a †`vlx †Kvb e¨w³ †Kv¤úvbx A_ev Ab¨ ‡Kvb mswewae× ms¯’v nB‡j, Dnvi cÖ‡Z¨K cwiPvjK, g¨v‡bRvi, A_ev Dnvi Kvh© cwiPvjbvi Rb¨ `vwqZ¡kxj Ab¨ †Kvb Kg©KZ©v D³ Aciv‡a †`vlx ewjqv we‡ewPZ nB‡eb hw` bv wZwb cÖgvY K‡ib †h AcivawU Zvnvi A‡MvP‡i msNwUZ nBqv‡Q A_ev Dnv †iva Kivi Rb¨ wZwb h_vmva¨ †Póv Kwiqv‡Qb|

80. 80 Continue wWcwRUwi cÖweavbgvjv, 2000 wWcwRUwi cÖweavbgvjv, 2000 wWcwRUwi (e¨envwiK) cÖweavbgvjv, 2003 wWcwRUwi (e¨envwiK) cÖweavbgvjv, 2003 53| kvw¯—|- GB cÖweavbgvjvi †Kvb cÖwewa ev Dnvi Aaxb cÖ`Ë ‡Kvb wb‡`©k jsNb ev Kwgk‡bi Z`‡š— Awfhy³ e¨w³i wei“‡× A_ev Zdwmj-5 G ewY©Z AvPiYwewa ev Dc-AvB‡bi †Kvb weavb jsN‡bi Rb¨ Kwgkb, AvBb Øviv cÖ‡hvR¨ kvw¯—i AwZwi³ kvw¯— g~jK e¨e¯’v wnmv‡e, mswk­ó wbeÜb mb` evwZj ev Dnvi Kvh©KvwiZv ¯’wMZ Kwi‡Z cvwi‡et 53| kvw¯—|- GB cÖweavbgvjvi †Kvb cÖwewa ev Dnvi Aaxb cÖ`Ë ‡Kvb wb‡`©k jsNb ev Kwgk‡bi Z`‡š— Awfhy³ e¨w³i wei“‡× A_ev Zdwmj-5 G ewY©Z AvPiYwewa ev Dc-AvB‡bi †Kvb weavb jsN‡bi Rb¨ Kwgkb, AvBb Øviv cÖ‡hvR¨ kvw¯—i AwZwi³ kvw¯— g~jK e¨e¯’v wnmv‡e, mswk­ó wbeÜb mb` evwZj ev Dnvi Kvh©KvwiZv ¯’wMZ Kwi‡Z cvwi‡et Z‡e kZ© _v‡K †h, mswk­ó e¨w³‡K KviY `k©v‡bv mn ïbvbxi my‡hvM cÖ`vb e¨wZ‡i‡K ‡Kvb kvw¯—g~jK e¨e¯’v MÖnb Kiv hvB‡e bv t AviI kZ© _v‡K †h, ms¶zä e¨w³ wmwKDwiwUR I G·‡PÄ Kwgkb (Avcxj) cÖweavbgvjv, 1995 Gi Aax‡b Kwgk‡bi wm×v‡š—i wei“‡× Kwgk‡b Avcxj Kwi‡Z cvwi‡eb hvnv D³ cÖweavbgvjv Abyhvqx wb®úwË Kiv nB‡e|

81. 81 Continue AwaKš‘ kZ© _v‡K †h, †Kvb wWcwRUwi AskMÖnYKvixi wbeÜb mb` Kwgkb KZ©„K ¯’wMZ ev evwZj Kiv nB‡j wWcwRUwi, GZ`msµvš— Av‡`k cÖvwßi mv‡_ mv‡_, Dnvi mwnZ AskMÖnYKvixi ms‡hvM wew”Qbœ Kwi‡e| wbeÜb mb` ¯’wMZ ev evwZjK…Z wWcwRUwi AskMÖnYKix hw` †Kvb ÷K G·‡P‡Äi m`m¨ nq Z‡e †mB‡¶‡Î D³ ÷K G·‡PÄ, Ges Ab¨vb¨ †¶‡Î wWcwRUwi, wewb‡qvMKixi wewfbœ wWcwRUwi wnmv‡e iw¶Z wmwKDwiwU Ab¨ †Kvb AskMÖnYKvixi mv‡_ †Lvjv wjsK wnmv‡e ( Link account) n¯—vš—‡ii D‡Ï‡k¨ D³ evwZjK…Z/¯’wMZK…Z wWcwRUwi AskMÖnYKvixi Kvh©µg MÖnb Kwi‡e|]| AwaKš‘ kZ© _v‡K †h, †Kvb wWcwRUwi AskMÖnYKvixi wbeÜb mb` Kwgkb KZ©„K ¯’wMZ ev evwZj Kiv nB‡j wWcwRUwi, GZ`msµvš— Av‡`k cÖvwßi mv‡_ mv‡_, Dnvi mwnZ AskMÖnYKvixi ms‡hvM wew”Qbœ Kwi‡e| wbeÜb mb` ¯’wMZ ev evwZjK…Z wWcwRUwi AskMÖnYKix hw` †Kvb ÷K G·‡P‡Äi m`m¨ nq Z‡e †mB‡¶‡Î D³ ÷K G·‡PÄ, Ges Ab¨vb¨ †¶‡Î wWcwRUwi, wewb‡qvMKixi wewfbœ wWcwRUwi wnmv‡e iw¶Z wmwKDwiwU Ab¨ †Kvb AskMÖnYKvixi mv‡_ †Lvjv wjsK wnmv‡e ( Link account) n¯—vš—‡ii D‡Ï‡k¨ D³ evwZjK…Z/¯’wMZK…Z wWcwRUwi AskMÖnYKvixi Kvh©µg MÖnb Kwi‡e|]|

82. 82 GK‡PÄm wWwgDPz¨qvjvB‡Rkb AvBb, 2013 GK‡PÄm wWwgDPz¨qvjvB‡Rkb AvBb, 2013 20|Aciva I `Û :Ñ(1) Kwgk‡bi wbKU cÖv_wgKfv‡e ( Prima facie ) hw` cÖZxqgvb nq †h, †Kvb G·‡PÄ ev we`¨gvb G·‡PÄ ev Dnvi †Kvb cwiPvjK, m`m¨, cÖavb wbe©vnx Kg©KZ©v, Kg©KZ©v-Kg©Pvix, KwgwUi †Kvb m`m¨, †kqvi‡nvìvi ev †Kvb e¨w³ B”QvK…Zfv‡e I ÁvZmv‡i GB AvB‡bi †Kvb weavb cvj‡b e¨_© nBqv‡Q ev jsNb Kwiqv‡Q, Zvnv nvB‡j KviY cÖ`k©‡bi hyw³msMZ my‡hvM cÖavb Kwiqv D³iƒc e¨_©Zv ev jsN‡bi Rb¨ KwgkbÑ (K)mswkó G·‡PćK Ab~b 10 (`k) j¶ UvKv A_©`‡Û `wÛZ Kwi‡Z cvwi‡e, A_ev D³ G·‡P‡Äi wbeÜb mb` ¯’wMZ Kwi‡Z cvwi‡e; (L)Dnvi †Kvb cwiPvjK, m`m¨, cÖavb wbe©vnx Kg©KZ©v, Kg©KZ©v-Kg©Pvix, KwgwUi †Kvb m`m¨, †kqvi‡nìvi ev e¨w³‡K Ab~¨b 1(GK) j¶ UvKv ch©š— A_©`‡Ê `wÊZ Kwi‡Z cvwi‡e, hvnv Zvnvi e¨w³MZ Znwej nvB‡Z cwi‡kva Kwi‡Z nB‡e|

83. 83 (2) GB AvB‡bi Aaxb Awgkb KZ©„K Av‡ivwcZ Aa©`Û Abv`vqx nB‡j Dnv e‡Kqv f‚wg ivR¯^ wnmv‡e Av`vq‡hvM¨ nB‡e| (3) Dc-aviv (1) Gi weav‡bi mvgwMÖKZv‡K ÿzbœ bv Kwiqv, Kwgkb- (K) G·‡PÄ ev we`¨gvb G·‡PÄ Gi cwiPvjbv cwil` A_ev †Kvb cwiPvjK ev Kg©KZ©v-Kg©Pvix B”QvK…Zfv‡e I ÁvZmv‡I GB AvB‡bi weavb cvj‡b e¨_© nB‡j ev jsNb Kwi‡j, D³ cwiPvjbv cwil` evwZj A_ev cwiPvjbv cwil‡`i mswkøó wm×všÍ cwieZ©b Kwi‡Z cvwi‡e, A_ev mswkøó cwiPvjK‡K cwiPvjbv cwil` nB‡Z AcmviY ev Zvnvi m`m¨c` mvgwqKfv‡e ¯’wMZ, A_ev mswkøó Kg©KZ©v- Kg©Pvix‡K mvgwqKfv‡e eiLv¯Í ev AcmviY Kwi‡Z cvwi‡e; (L) G·‡PÄ ev we`¨gvb G·‡PÄ Gi cÖavb wbe©vnx Kg©KZ©v B”QvK…Zfv‡e I ÁvZmv‡i GB AvB‡bi weavb cvj‡b e¨_© nB‡j ev jsNb Kwi‡j, Kwgkb Zvnv‡K mvgwqKfv‡e eiLv¯Í ev AcmviY Kwi‡Z cvwi‡e; (M) †Kvb KwgwU ev †Kvb KwgwUi m`m¨ B”QvK…Zfv‡e I ÁvZmv‡i GB AvB‡bi weavb cvj‡b e¨_© nB‡j ev jsNb Kwi‡j, Kwgkb D³ KwgwUi m`m¨‡K mvgwqKfv‡e eiLv¯Í ev AcmviY, ev D³ KwgwU evwZj Kwi‡Z cvwi‡e;

84. 84 (N) †Kvb m`m¨, †kqvi‡nvìvi nDK ev bv nDK, B”QvK…Zfv‡e I ÁvZmv‡i GB AvB‡bi weavb cvj‡b e¨_© nB‡j ev jsNb Kwi‡j, Kwgkb D³ m`‡m¨I wbeÜb mb` mvgwqKfv‡e ¯’wMZ ev evwZj Kwi‡Z cvwi‡e; (O) †Kvb G·‡PÄ ev we`¨gvb G·‡PÄ Gi cwiPvjbv cwil` evwZj A_ev Dnvi †Kvb cwiPvjK ev KwgwUi m`m¨ ev Kg©KZ©v- Kg©Pvix‡K AcmviY Kwi‡j, wjwLZ Av‡`k Øviv Ab¨ †Kvb e¨w³ A_ev KZ©„cÿ‡K, cÖ‡hvR¨ †ÿ‡Î, Zvnv‡`i ¯’jvwfwl³ Kwi‡Z cvwi‡e| 21|†Kv¤úvbx KZ©©K Aciva msNUb|ÑGB AvB‡bi †Kvb weavb jsNbKvix e¨w³ hw` †Kv¤úvbx nq, Zvnv nB‡j D³ †Kv¤úvbxi e¨e¯’vcbv cwiPvjK, cwiPvjK, g¨v‡bRvi, mwPe ev Ab¨ †Kvb Kg©KZ©v ev G‡R›U weavb jsNb Kwiqv‡Qb ewjqv MY¨ nB‡eb hw` bv wZwb cÖgvY Kwi‡Z cv‡ib †h, D³ jsNb Zvnvi AÁvZmv‡i nBqv‡Q ev D³ jsNb †iva Kwievi Rb¨ wZwb h_vmv`¨ †Póv Kwiqv‡Qb|

85. 85 Continue Directives/Orders/Circulars Directives/Orders/Circulars

86. 86