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Ban on short selling in Copaerative Societies,

(49058)
Monday, November 3, 2008 08:07 PM 

Would someone tell that recent Ban by current Govt to tranfer the property earlier than 1 year has been lifted or not Yet? As I am aware a ban was implemnted by current Govt to discourage quick resale of Property before holding one year. I dont understand any logic for such rule, as it is counter productive societies and Govt were getting huge sum in form of dues. Why they want to deprive themselves of this money. Such Law should have been forced in when prices were artificially high as at that time this law Could protect people's interest who were becoming victim of speculation. Or it looks someone "good man" thought of implemnting law eariler but by the time proposal finalized travelling from table to table 3,4 years already passed.
On the other hand it is ineffective law as most of short selling is done on Biana or Open Files.

Pardesi, Jeddah replied on Tuesday, November 4, 2008 08:28 AM 

I have heard an estate agent saying that the ban has been lifted.

raja amer replied on Tuesday, November 4, 2008 05:13 PM 

yes ban has been lifted 4 weeks ago
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