Securities and Exchange Commission of Pakistan — Judgments of 2008
42 reported judgments of the Securities and Exchange Commission of Pakistan from 2008.
- MUNAF SATTAR, SECURITIES (PRIVATE) LIMITED 2008 CLD 3
Section 21 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 29 (2) Brokers and Agents Registration Rules 2001, Rr 8 and 12, Third Schedule Applicable Rules and Rules and Regu…
- ZAFAR MOTI CAPITAL SECURITIES (PVT.) LTD 2008 CLD 6
Section 5A, 18 and 22 Brokers and Agents Registration Rules, 2001, Rr 8 and 12 7 Violation of the Code of Conduct Requirements for the implementation of the penal process by issuing a showcase notice …
- SEARLE PAKISTAN LIMITED 2008 CLD 17
Sections 208, 254, 473 and 476 Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 20 (6) Investments and operations in related companies Annual audited accounts for the relevant…
- AZIZ FIDA HUSSAIN & COMPANY (PVT.) LTD 2008 CLD 120
Karachi Stock Exchange (Guarantee) 8 General Rules Limited, Regular 74 Lost Account Opening Regulations Rule 74 of General Stock Exchange (Guarantee) Limited, provided that Member of the Exchange adop…
- FARAN SUGAR MILLS LIMITED 2008 CLD 126
Failure to transmit notice of abnormal general meetings of Articles 246 and 476 Failure to transfer notice of extraordinary general meetings on two dates to the Securities and Exchange Commission in a…
- GHORY'S SECURITIES (PRIVATE) LIMITED 2008 CLD 161
Failure to maintain order register Rule 4 (1) of R4 (1) Brokers and Agents Registration Rules, 2001, R8 Securities and Exchange Rules, 1971, provided that all securities purchased or sold Orders that …
- FIRST PAKISTAN SECURITIES LIMITED v. State 2008 CLD 168
Selling vacancies in violation of Regulation 4 Brokers and Agents Regulation 2001, Rule 8, imposing Regulation 4 of the Central Depository Company of Pakistan Regulations 2002, vacant sale is prohibit…
- STANDARD CAPITAL SECURITIES (PVT.) LIMITED 2008 CLD 221
Failure to send Rgln 6 2 A 1 Brokers and Agents Registration Rules, 2001, R 8 CDC Balance Statements In terms of Regln 6 2 A 1 of the Central Depository Company of Pakistan Regulations, 2002, it was p…
- Shaikh ABDUL WAHID, CHAIRMAN, AHMED SPINNING MILLS LTD v. COMMISSIONER (SMD AND CLD) 2008 CLD 229
Against Sections 3, 4, 5, 6 and 25 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Sections 20 (4) (G), (6), (B), (G) and 33 Appellant Shares. Companies seeking infringement (Voting…
- FDM CAPITAL SECURITIES (PVT.) LIMITED 2008 CLD 242
Selling blank in violation of Regulations 4 and 5 Brokers and Agents Registration Rules 2001, R 8 and Third Schedule. Banning Regulation 4 of the Central Depository Company of Pakistan Regulations 200…
- MARS SECURITIES (PVT.) LIMITED 2008 CLD 248
Regln 4 Brokers and Agents Registration Rules, 2001, R 8 and Third Schedule Implementation of Fine Reagan Enforcement 4 of the Central Depository Company of Pakistan Regulations 2002 provided that the…
- MUHAMMAD MUNIR MUHAMMAD AHMAD KHANANI SECURITIES (PVT.) LIMITED 2008 CLD 259
Regln 4 Brokers and Agents Registration Rules, 2001, R 8 and third, selling vacancies in violation of Schedule Rules. In violation of Rule 8, 2001 of the registration of brokers and agents, the compan…
- A.H.K.D. SECURITIES (PVT.) LTD 2008 CLD 280
Regulation 6 2A1 Central Depositories Act (XIX of 1997), Failure to send CDC Balance Statement to Section 28 Consumers, Regulation 6 2A1 of the Central Depository Company of Pakistan, Regulations 2002…
- SALEEM SUGAR MILLS LIMITED 2008 CLD 286
Sections 305 and 309 Provision of Companies Ordinance for the Termination of the Company, Section 305 of 1984 provided that if the Company had not commenced its business within one year or had suspend…
- MAHBOOB SHEIKH & CO. CHARTERED ACCOUNTANTS 2008 CLD 305
Auditors Powers and Duties of Articles 255, 260, 476 and 492 Auditors audited the Company's account ending June 30, 2006, for non-compliance with the provisions of the law by the penal auditors. That …
- AL ASAR SECURITIES (PVT.) LTD 2008 CLD 318
Selling vacancies in violation of Regulation 4 Brokers and Agents Regulation Rules 2001, Rule 8, 12 and Schedule Regulations Implementation of the Penalty Regulation 4 of the Central Depository Compan…
- ZEAL PAK CEMENT FACTORY LIMITED 2008 CLD 331
Failure to comply with Sections 26, 473, 476 and 495 Mandatory Instructions The Securities and Exchange Commission of Pakistan passed an order against the company for non-compliance with section 226 o…
- AMZ SECURITIES (PVT.) LTD 2008 CLD 344
Failure to send the CDC Balance Statements on the Regulation 6 2A1 Central Deposits Act (XIX of 1997), Section 28 of every month, the effect of the Inquiry Officer shows that the Company has all its c…
- BOSICOR PAKISTAN LIMITED 2008 CLD 436
Sections 208, 476 and 492 invest in related companies / businesses, not in accordance with the resolution approved by the shareholders, regarding the implementation of a penalty investment, though on …
- ISMAIL ABDUL SHAKOOR SECURITIES (PVT.) LIMITED 2008 CLD 456
Regln 4 Brokers and Agents Registration Rules, 2001, R8 and Third Schedule Selling blank in violation of Code of Conduct and Rules. The company reported 234 empty sales cases during the submission. Fi…
- Y.H. SECURITIES (PVT.) LIMITED 2008 CLD 509
Trade 8, 12 and Third Schedule Change fines and Agent Registration Rules 1 and A2 of the Third Schedule to the Rules of 2001 read with Regulation 2001, provided that a broker maintains high standards.…
- ISMAIL IQBAL SECURITIES (PRIVATE) LIMITED 2008 CLD 526
Failure to maintain order register in accordance with R4 (1) Rule 4 (1) of the Brokers and Agents Registration Rules, 2001, R8 Securities and Exchange Rules, 1971, provided that the purchase or sale o…
- INTERMARKET SECURITIES (PRIVATE) LIMITED 2008 CLD 539
8, 12 and Third Schedule The change in rules violating the Inquiry Officer's financing revealed several instances where trades entered by a client due to a client later in the back office record And t…
- EASTERN CAPITAL LIMITED 2008 CLD 553
Failure to open sub-accounts of Regions 2 11 1 Central Depository Act (XIX of 1997), Sections 2 (27), 3 and 28 led to the discovery of penalties for the Inquiry Officer, leading to some cases of custo…
- FIRST NATIONAL EQUITIES LIMITED 2008 CLD 614
Regln 4 Brokers and Agents Registration Rules, 2001, R 8 Rules Regarding sale of vacancies, the Central Depository Company of Pakistan Regulations 2002 prohibited the sale of vacancies by the enforcem…
- MUSTEHKAM CEMENT LIMITED 2008 CLD 627
Illegal Issuance of Balance Sheet without Affiliation to Sections 233, 244, 245 and 476 Related Documents Annual accounts submitted by the Company with the Commission on June 30, 2007, disclosed that …
- BAWA SECURITIES (PRIVATE) LIMITED 2008 CLD 631
Regular 4 Brokers and Agents Registration Regulations 2001, R 8 and Third Schedule Selling vacancies The Central Depository Company of Pakistan Regulations 2002 prohibits the sale of vacancies by the …
- MOTIWALA SECURITIES (PRIVATE) LIMITED 2008 CLD 639
Regulation 4 and 5 Brokers and Agents Registration Regulations, 2001, 8, 12 and Selling Vacancies in violation of Schedule Rules, Implementation of Penal Regulation 4 of the Central Depository Company…
- H.M. IDREES H. ADAM 2008 CLD 648
Selling vacancies in violation of Regulation 4 Brokers and Agents Registration Rules, 2001, 8, 12 and Schedule Rules; The search revealed 126 incidents of empty sales during the review period. The com…
- MUHAMMAD AYUB YOUNUS SECURITIES (PVT.) LIMITED 2008 CLD 651
8, 12, and a search of the non-compliance inquiry officer with the applicable rules and regulations revealed that the notice was issued to the company in accordance with the rules for possible non-com…
- M.R. SECURITIES (PVT.) LIMITED 2008 CLD 654
Short 8, 12 and Schedule Short Sale Regulations, 2002, Regln 4 Empty Selling Under Short Ceiling Regulations, Regulation 4 of 2002, vacant sale was not valid, while the inquiry officer's search reveal…
- SIDDIQ MOTI 2008 CLD 665
8, 12 and the lack of justice in the schedule, lack of proper care and fitness in conducting business was read in accordance with Rule A1 and A2 of the Code of Conduct contained in Schedule III to Reg…
- MAXIMUS SECURITIES (PVT.) LIMITED 2008 CLD 676
Failure to pass the order certified under R4 (4) of the Securities and Exchange Rules, 1971, applicable to R Brokers and Agents Registration Regulations, 2001, a member who issued a consumer order Doe…
- UNIVERSAL LEASING CORPORATION LIMITED 2008 CLD 693
A collection of non-banking financial companies, section 282L, incorporated under the Companies Ordinance, 1984, was submitted to the Securities and Exchange Commission of Pakistan under the provision…
- UNITED BRANDS LIMITED 2008 CLD 731
Failure to pay the funds payable in accordance with Sections 227, 229 and 476 Provident Fund, checking the company's annual accounts for the relevant year, this company did not pay the staff provident…
- GENERAL TYRE AND RUBBER COMPANY OF PAKISTAN LIMITED 2008 CLD 746
Sections 196, 208 and 476 of investing in a related company and penalizing a violation of the law Examining the annual accounts of the respective company, it has been observed that the management of t…
- HASEEB WAQAS SUGAR MILLS LIMITED 2008 CLD 786
Investing in Sections 208 and 476 related companies and underwriting without permitting shareholders without violating Section 208 of the Companies Ordinance, 1984, the Company's director made shareho…
- JAHANGIR SIDDIQUI & COMPANY LIMITED 2008 CLD 796
Failure to submit periodically ical submissions of sections 246 and 476 section RO 865 (I) / 2000, dated 6 12 2000 account, information or other reports, the half yearly account of the relevant year s…
- PAKISTAN PVC LIMITED 2008 CLD 803
Failure of Sections 227, 229 and 476 of the Company revealed that the Company's annual audit account penalty in depositing the amount payable to the Provident Fund Trust in accordance with the Act dis…
- JDW SUGAR MILLS LIMITED 2008 CLD 809
Sections 208, 476 and 492 Requirements for approval of the Company's Board of Directors Shares without the approval of the shareholders without advance approval of the subsidiary. Apply the fine of th…
- GARDEZI & CO. CHARTERED ACCOUNTANTS 2008 CLD 861
Failure to perform professional duties of Articles 255, 260 and 476 Audit Powers and Duties Auditors have been charged with failing to perform professional duties and with fine skills and skillfully m…
- GLOBE TEXTILE MILLS LTD 2008 CLD 1300
Regarding the sale of mismanaged plant and machinery by the directors of Sections 196 and 472; and short-term debt from the relevant parties, it was stated that the directors of the company had devise…
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