granting of approval under this Notification, certain facts lead to the consideration that the objective or substance of such offer for sale of sukuk has the intention to evade provisions under the law

evade the application of the rules under (1), (2) or (3) by the SEC Office against those persons. Clause 20 The provisions under Clause 19(1) and (2), as the case may be, shall not apply to the applicant

had taken action so that the persons possessing the prohibited characteristics under (1), (2) or (3) would evade the application of the rules under (1), (2) or (3) by the SEC Office against those