As from the commencement of this Ordinance, the following amendment's shall be made in the Securities and Exchange Ordinance. 1969 (XVII OF 1969), namely:--

(a) in section 9, in subsection (1), for the word "fourteen", twice occurring, the word "sixty" shall be substituted:

(b) in section 21, for subsections (1) and (2) the following shall be substituted, namely:--
(1) The Federal Government may. on its own motion or on representation of not less than one fifth in number of the members of the stock Exchange, or, in the case of the business or any transaction mentioned in clause (b) on the representation of the Stock Exchange or any person interested in or affected by such business or transaction, at any time by order in writing, cause an enquiry to be made by any person appointed in this behalf into--

(a) the affairs of. or dealings in any Stock Exchange; or

(b) the dealings, business or any transaction in securities by any broker, member, director or officer of a Stock Exchange; or

(2) Where any enquiry. under subsection (1) had been undertaken every past or present member, director, manager or other officer of the Stock Exchange to which the enquiry relates, and every other person who has had any dealing in the course of his business with such Stock Exchange or with the director, manager or officer thereof. shall furnish such information and documents in his custody or power or within his knowledge relating to or having a bearing on the subject-matter of the enquiry.. as the person conducting the enquiry may require"' and

(c) Section 28 shall be renumbered as subsection (1) of that section and. after sub-section (1) renumbered as aforesaid the following new subsection shall be added, namely: --

"(2) Where the Federal Government has, under subsection (1), directed that any of its powers and functions shall be exercised or performed also by any specified authority, such authority may, by notification in the official Gazette direct that any of the said powers and functions may. subject to such limitations, restriction or conditions. if any, as it may from time to time impose. be exercised or performed by any officer of the authority specified by it."