It is necessary to strengthen and support the Dispute Resolution Council in the capital market – Tejaratnews
According to Tejarat News, the Attorney General of the country gave a speech today at the opening ceremony of the dispute resolution council in the capital market.
Hojjat al-Islam wa al-Muslimeen Mohammad Jaafar Montazeri said: In the past, in some management bodies of the stock exchange organization, we did not see the necessary effort to investigate legal and judicial problems. The field should be resolved.
Hojjat al-Islam wa al-Muslimeen Mohammad Jaafar Montazeri, the country’s attorney general, said at the opening ceremony of the capital market specialized dispute resolution council: “Today, we are witnessing the opening of the first branch of the dispute resolution council of the Stock Exchange Organization.” We consider it our duty to help as much as we can to strengthen this important matter and to support the Attorney General’s Office in this regard.
Hojjat al-Islam and Muslims Muhammad Jaafar Montazeri added: The importance of the capital market is so great that in the past three years, when we saw the stock market going down, we saw the negative effects this situation had on the economy, production, and the capital market. The position of capital, wealth and economy in society is very important and irreplaceable.
The Attorney General of the country added: The survival of Muslims and Islam lies in the fact that the capital and the economy of the society are in the hands of those who know the path of economic work and the path leading to the truth and distinguish right from wrong and work well and use the capital. . The destruction of Islam and Muslim society lies in the wealth and economy of society being in the hands of those who neither know the truth nor use capital in the right direction. The role of the stock exchange organization is very important in using these 2 components.
It is necessary to follow up on the half-completed cases of the previous periods in the stock market
Hojjat al-Islam and Muslims Muhammad Jaafar Montazeri stated: The managers of the stock exchange will be successful when they prevent those who have informational rent with the tricks and information they have behind the scenes and seek to disrupt the capital market system.
The Prosecutor General of the country added: A lot has been done to make the stock exchange organization transparent. If there is clarification, some people will not be able to use the information behind the curtain and pocket billions of Tomans overnight and thousands of people will fall to the ground.
He said: “In the past, in some of the management bodies of the stock exchange organization, we did not see the necessary effort to investigate legal and judicial problems. After the changes in the government and the stock exchange organization, these problems were solved to some extent, and the existing cases in this area should be solved.
He continued: If a right has been lost in the past, the passage of time does not take away the right. The officials of the stock exchange organization are obliged to insistently bring it to a conclusion if a case is filed and does not reach a conclusion.
The function of dispute resolution council in the capital market
Hojjat al-Islam wa al-Muslimin Mohammad Jaafar Montazeri stated: Legal disputes between the parties to the conflict in the capital market can sometimes be raised in the Dispute Resolution Council, so that this council gathers the parties to the conflict for negotiations to untie the knot. In this case, the parties to the conflict must be clear and specific.
The Attorney General of the country emphasized: “Some cases where one side is clear and on the other side we are a party with numerous and millions of shareholders, the investigation of that case will be different.” In this case, the investigation of the crime will be left to the judicial system.
In conclusion, he stated: Considering the diversity and expertise of capital market issues, the council members should also have the necessary expertise to review the cases.
Source: Senate