Securities and Exchange Commission of Pakistan — Judgments of 2010
89 reported judgments of the Securities and Exchange Commission of Pakistan from 2010.
- KOHINOOR INDUSTRIES LIMITED 2010 CLD 34
Sections 244, 245 and 476 Failure to publish inaccurate issuance, circulation or balance sheet or profit and loss account Failure to enforce the Company's affiliation with its Annual Audit Account of …
- FATEH TEXTILE MILLS LTD 2010 CLD 36
Sections 208 and 476 Unauthorized investments and penalties in related companies Examining the Company's annual audited accounts for the relevant year, it has been observed that the Company has commer…
- MIAN TEXTILE INDUSTRIES LTD 2010 CLD 49
Sections 235 and 476 Excess Return on Assessment of Fixed Assets Account for Non-Profitable Profit Exchanges Excess Return on Fixed Assets Account Recovery through Fixed Company Profit / Profit Loss D…
- S.G. POWER LIMITED 2010 CLD 53
Failure to prepare and transfer a Section 245 quarterly account Under the provisions of section 245 of the Companies Ordinance, the 1984 company was required to prepare and transfer its quarterly acco…
- KOHINOOR POWER COMPANY LTD 2010 CLD 56
Section 208 Unauthorized Investing in Affiliated Companies or Affiliated Businesses The Enforcement of the Penalty Company Gave Its Affiliates Extraordinary Trade Credits with and without Return of th…
- DANDOT CEMENT COMPANY LTD 2010 CLD 60
Failure to transfer the Provident Fund Trust to Sections 227, 229, 476 and 495, the application of the German company, under the terms of section 227 of the Companies Ordinance 1984, was required to p…
- HAMID TEXTILE MILLS LTD 2010 CLD 66
Penalties for sections 492, 476 and 158 misrepresentation, a company incorporated as a public limited company, applied for a commission in October 2008, which extended the time for the annual general …
- HAMID TEXTILE MILLS LIMITED 2010 CLD 69
Section 158 Failure to Conduct Annual General Meeting Within the Prescribed Period As per the provisions of Section 15 (1) of Section 158 of the Companies Ordinance 1984, the Company was required to h…
- HAMID TEXTILE MILLS LTD 2010 CLD 72
Failure to prepare and dispatch Section 245 quarterly accounts; Implementation of the fine company was required under the provisions of section 245 of the Companies Ordinance, 1984, to prepare and mov…
- ASIM TEXTILE MILLS LTD 2010 CLD 75
Sections 208 and 476 relating to unauthorized investment in the relevant company for a number of years, imposing penalties on the company's annual audited accounts, revealed that the company had made …
- ANNOOR TEXTILE MILLS LTD v. State 2010 CLD 79
Failure to Appoint Sections 204A and 498 Company Secretaries The Company's annual report discloses that the Company did not appoint any person as Company Secretary Company, under the circumstances, th…
- FOUNDATION SECURITIES (PVT.) LTD 2010 CLD 83
Failure to comply with the Brokers Rules in Section 22 Brokers and Agents Registration Rules, 2001, 8, 12 and Third Schedule involved extensive buy-in by companies imposed on penal company clients. Th…
- RECOVERY OF TENDERABLE GAIN 2010 CLD 91
Section 224 Companies (General Provisions and Forms) Rules, 1985, R 16 Failure to recover the director of the trading company by directors, officers and principal shareholders, the director of the com…
- UNITED BANK LTD 2010 CLD 103
Sections 18 and 22 Listing Regulations Karachi Stock Exchange, Failure or failure to comply with the Rules of the Securities and Exchange Ordinance, 1969, the meeting of the Company's Board of Directo…
- RECOVERY OF TENDERABLE GAIN 2010 CLD 109
Section 224 Companies (General Provisions and Forms) Rules, 1985, R16 Trading Directors, Officers and Principal Shareholders of the Company purchased shares of the receivables issued by the Receiving …
- S.G. POWER LTD 2010 CLD 116
The misrepresentation of the Securities and Exchange Commission of Pakistan's Department of Enforcement, Section 492, examines the company's annual audited accounts for a fine, which period reveals th…
- GHANI OSMAN SECURITIES (PVT.) LTD 2010 CLD 125
Section 22 Brokers and Agents Registration Rules, 2001, R 8 Karachi Stock Exchange Regulations Implementation of the fine record available to the Commission shows that the Company's clients have sold …
- ALI AKBAR JAMANI v. JOINT DIRECTOR (SMD) 2010 CLD 131
Section 18A Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 invites applications for presentation of shares to the common people Multiple applications for appeal against …
- AZEE SECURITIES (PVT.) LTD. v. DIRECTOR (SMD) 2010 CLD 147
Section 22 Brokers and Agents Registration Rules, 2001, June 8, 12, and Schedule Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 Failure to register agents and breach of …
- Ms. SURRIYA RAFIQ v. DIRECTOR (S.M.D.), SECP 2010 CLD 152
Section 18A Securities and Exchange Commission of Pakistan Act (XLII of 1997), section 33 Appeals to fines against Habib Bank common shares for the submission of multiple applications for shares of co…
- DOMINION STOCK FUND LIMITED v. DIRECTOR (NBFC DEPARTMENT.), SECP 2010 CLD 157
Section 265 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 Appeals to the Appellate Bench of the Company, investigating the affairs of the Company, appealed to the Appel…
- TRI STAR POWER LTD. v. EXECUTIVE DIRECTOR (C.L) 2010 CLD 162
Sections 305 and 309 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 Appellate Bench shall seek the Commission's approval under clause (b) of section 309 of the Ord…
- RAZI KULI KHAN KHATTAK v. EXECUTIVE DIRECTOR (ENFORCEMENT) 2010 CLD 169
Sections 96 and 208 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), section 33 invested in related companies and the enforcement of a penalty appeal against the management of …
- EASTERN CAPITAL LTD. v. DIRECTOR (SMD) 2010 CLD 176
Heads registered as agents with Securities in Sections 5A, 20 and 22, Agents and Traders (Eligibility Standards) Rules, 2001, R2A Securities and Exchange Commission of Pakistan Act (XLI of 1997), Sect…
- NOOR A. QADIR v. EXECUTIVE DIRECTOR (CLD) 2010 CLD 193
The Appellant Company was constituted for failure to hold annual general meetings against Sections 158 and 476 Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 Appellant Co…
- EXCEL FINANCIAL SERVICES (PVT.) LTD. v. EXECUTIVE DIRECTOR (REGISTRATION) 2010 CLD 205
Sections 305 and 309 were approved by the designation of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), Appeal for the appeal of the Commission Executive Director (Registration)…
- RAFIQUE DAWOOD v. COMMISSIONER (SPECIALIZED COMPANIES DIVISION) 2010 CLD 211
Sections 282B, 282D, 282I, 282J, 282 M&196 (2) (E) Non-Banking Finance Companies Rules, 2003, R7 (2) (H) Prudential Regulations, Regulation 6 (1) (E) Investing in undisclosed shares in violation of th…
- MUHAMMAD A. JAMAL v. RIZWAN ALI SHERALI 2010 CLD 232
Section 263 and 152 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), section 33 have sought the appeal of the applicants / appellants in the application filed under section 263…
- CREDIT INSURANCE COMPANY v. SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN 2010 CLD 239
SS11 and 63 Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 Securities and Exchange Commission Chairman, Failure to comply with the Securities Exchange Commission of Pakis…
- TPL DIRECT INSURANCE LTD. v. EXECUTIVE DIRECTOR (INSURANCE) 2010 CLD 259
Sections 29, 36, 63, 156 and 157 of the Securities and Exchange Commission of Pakistan Act (XLII of 1997), failure to maintain section 33 legal deposit, a penalty appeal for the appellate bench of the…
- Syed YAWAR ALI v. COMMISSIONER, SECURITIES MARKET DIVISION, SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN 2010 CLD 262
Sections 4, 5, 7, 9, 13, 25 and 26 (1) (3) of the Securities and Exchange Commission of Pakistan Act (XLII of 1997), section 33 are beyond the limits of the purchase or acquisition of shares of the Co…
- MEHMOOD AHMED, EX-CHIEF EXECUTIVE OFFICER, CRESCENT STANDARD BUSINESS MANAGEMENT (PVT.) LTD. v. ARIF MIAN 2010 CLD 277
Section 33 Securities and Exchange Ordinance (XVII of 1969), Sections 15A & 15B (3) Applicable Insider Trading Impact Appeal for Commission Appellate Bench sold shares of affiliated company, prior to …
- RAZI KULI KHAN KHATTAK v. EXECUTIVE DIRECTOR (ENFORCEMEN) 2010 CLD 286
Section 196 (4) and 208 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), section 33 apply penalties for investment in the relevant company and actions taken in violation of the…
- UNITED BANK LTD v. DIRECTOR (SKID) 2010 CLD 375
Applicants / Bank's financial results apply to the Board of Directors' penalties under Sections 18 and 22 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), section 33, misrepres…
- UNITED BANK LIMITED INSURERS LTD. KARACHI v. EXECUTIVE DIRECTOR (INSURANCE) 2010 CLD 379
Section 11 (1) (c), 36, 63 and 156 meet the minimum resolution requirement while examining the regulatory returns filed by the Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section…
- ASIA CARE HEALTH AND LIFE INSURANCE COMPANY v. DIRECTOR (INSURANCE) 2010 CLD 383
Sections 6 (10) and 157 (1) of the Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 provide false information in violation of the provisions of the law and against the app…
- MUHAMMAD ZAHEERUDDIN v. DIRECTOR (NBFC DEPARTMENT) 2010 CLD 386
Sections 158 and 245 Securities and Exchange Commission of Pakistan Act (XLI of 1997), Failure to hold Section 33 Annual General Meeting and to file quarterly profit and loss account and balance sheet…
- SHOW-CAUSE NOTICE NO.LSE/SMD/84/2008, DATED APRIL 28, 2009 2010 CLD 390
Rr 8 and 12 Holdings / Shares to be forfeited and sold without the permission of a shareholder. The complainant alleged that the company had fraudulently sold its holdings / shares worth Rs 617,275 an…
- SHOW-CAUSE NOTICE NO.1 (07)BS/KSE/MSW/SMD/2009/62 dated November 19, 2009 2010 CLD 393
Section 22 Brokers and Agents Registration Rules, 2001, R 8 The vacancy sale by the company was implemented by its clients. Implementation of the penalties was based on a review of trade data for the …
- SHOW-CAUSE NOTICE NO.1(4)/INV/ MSW/SMD/2009/05 DATED SEPTEMBER 25, 2009 2010 CLD 399
Section 15 (a) (e) Failure to Indicate Individuals Associated with Insider Trading During the review of the trading data of the Karachi Stock Exchange, the personal activity of the individual associat…
- JAHANGIR ELAHI v. EXECUTIVE DIRECTOR (ENFORCEMENT) 2010 CLD 408
Sections 188, 189, 193, 208, 214, 215, 216 and 217 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 disclosure of interest by the Directors of Investments and Compan…
- JAHANGIR ELAHI v. EXECUTIVE DIRECTOR (ENFORCEMENT) 2010 CLD 415
Sections 208, 473 and 476 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 related companies without commitments to invest and shareholder commitments, fined from Appellat…
- PAKISTAN ELECTRON LIMITED v. ARIF MIAN, ED (SMD) SECP 2010 CLD 426
Section 86 Companies Share Capital (Changes in Rights and Privileges) Rules, 2000, R5 (1) Listing Regulations of the Lahore Stock Exchange, Regulations 3 and 8 of the Securities and Exchange Commissio…
- ASIAN MUTUAL INSURANCE COMPANY (GUARANTEE) LIMITED v. CHAIRMAN (INSURANCE DIVISION) SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN 2010 CLD 433
Sections 6, 11, 29, 36 and 63 of the Securities and Exchange Commission of Pakistan (Insurance) Rules 2002, R9 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 are require…
- NAJEEB ULLAH GHAURI v. EXECUTIVE DIRECTOR (SMD) 2010 CLD 477
Sections 224 and 484 Companies (General Provisions and Forms) Rules, 1985, R 16 Directive to the Company Director through trading through the Director of the Company, with the purchase of certain amou…
- PAKISTAN PAPER PRODUCTS LIMITED 2010 CLD 484
Section 492 Penalty of Misrepresentation Failure to examine the annual audit account of the relevant year found that the directors' report stated that the number of shares held by the director's two s…
- PLUS SECURITIES (PVT.) LIMITED 2010 CLD 487
Section 22 Brokers and Agents Registration Rules, 2001, R 8 and Schedule Unlawful Sale of Exchange Code of Conduct Company's computer operator sold sales orders, in client's account, with no existing …
- 2010 CLD 491 2010 CLD 491
By violating the Section 224 Companies (General Provisions and Forms) Rules, 1985, R16 law, directors trade with the company less than ten percent of the company issuing the purchase and sale transact…
- SHOW-CAUSE NOTICE ISSUED TO ACE SECURITIES (PVT.) LIMITED 2010 CLD 540
Violations of the Code of Conduct violated the rules of registration of Section 22 Brokers and Agents by their clients, 2001, R8 and Third Schedule in the vacant sale, the trade was executed without t…
- MANGLA VIEW RESORT (PVT.) LTD v. UNITED INSURANCE COMPANY LIMITED 2010 CLD 588
At the time of filing a complaint with the Ombudsman in appeal of Sections 122, 127 and 130 against the order passed by the Security Exchange Commission dispute dispute ombudsman, it was decided wheth…
- VERIZON TRADEMARK SERVICES LLC, through authorized signator 2010 CLD 983
Sections 37, & 38 and 4 484 of the Company's Company Correction filed an application to the Registrar of Companies to issue a directive under section 38 of the Companies Ordinance, 1984, so that the a…
- RECOVERY OF TENDERABLE GAIN UNDER SECTION 224(2) OF THE COMPANIES ORDINANCE, 1984 2010 CLD 1020
Section 224 (2) The director of the company was informed by the director of the recovery of the tender profitable company from trading that as a matter of gesture and goodwill, without further insiste…
- SHOW-CAUSE NOTICE ISSUED TO AZEE SECURITIES (PVT.) LTD. 2010 CLD 1021
Section 22 Brokers and Agents Registration Rules, 2001, R 8, Third Schedule Empty Sales The trading data of the stock exchange for the relevant period shows that the various clients of the company, fi…
- SHAFFI CHEMICAL INDUSTRIES LTD. 2010 CLD 1035
Sections 244 and 476 show that the Company's balance sheet or profit and loss account mis-issuance, circulation or publication of the relevant financial statements in the relevant year was not include…
- SHOW-CAUSE NOTICE ISSUED TO DARSON SECURITIES (PVT.) LIMITED. 2010 CLD 1039
This is reflected by the stock exchange automated trading system fines trading data for violations of Section 22 Brokers and Agents Registration Rules, 2001, Rr 8, 12 and Third Schedule Rules. That th…
- MESSRS BUXLY PAINTS LIMITED 2010 CLD 1044
Failure to hold Section 158 Annual General Meeting Effect Company, which was required to hold its Annual General Meeting for the year ended June 30, 2009, extends its meeting on or before October 31, …
- SHOW-CAUSE NOTICE ISSUED TO MRA SECURITIES (PVT.) LIMITED 2010 CLD 1047
Section 22 Brokers and Agents Registration Rules, 2001, Rr 8, 12 and Third Sheds by the Company without any reasonable justification and for the sale of shares in its proprietary accounts without viol…
- AZAM TEXTILE MILLS LTD. 2010 CLD 1071
Unauthorized Investment in Sections 208 and 476 Related Companies and Ordinance of Business Companies In violation of the provisions of Section 208 of 1984, against the imposition of a penal company o…
- SHOW-CAUSE NOTICE ISSUED TO ISLAMABAD STOCK EXCHANGE (GUARANTEE) LTD. 2010 CLD 1083
Sections 22 and 34 of the Islamabad Stock Exchange (Guarantee) Limited Listing Regulations, Regulations 17 (516) and 32 (1) of the Regulations under the amendment of the Respondents / Islamabad Stock …
- SHOW CAUSE NOTICE ISSUED TO UNITED CAPITAL SECURITIES (PVT.) LTD. 2010 CLD 1088
Section 22 Brokers and Agents Registration Rules, 2001, 8, 12, Violation of Company Rules and Regulations, on the Company's Third Schedule, Empty Sale of Stock Exchange's Automatic Trading System for …
- DADABHOY CEMENT INDUSTRIES LTD. 2010 CLD 1096
Examining the Company's annual audited accounts for the relevant year, investing illegally in sections 208 and 476 related companies, disclosed certain transactions with the relevant company. Was for …
- GOVERNMENT OF BALOCHISTAN (GOB) v. UNITED INSURANCE COMPANY OF PAKISTAN LTD. 2010 CLD 1103
Sections 127, 129 and 130 of the Securities and Exchange Commission (Insurance) Rules, 2002, R 35 Appeal against an order approved by the Federal Ombudsman Appointment were contracted with a company a…
- DADABHOY CEMENT INDUSTRIES LTD. 2010 CLD 1110
Sections 492 and 476 Companies (capital issuance) Rules, 1996, R 5 Disclosure of Emergency Liabilities in the Expected Financial Statements and Emergency Liabilities of the Company with its Bank Liabi…
- SHOW-CAUSE NOTICES ISSUED TO THE 94 APPLICANTS UNDER SECTION 18A OF THE SECURITIES AND EXCHANGE ORDI v. State 2010 CLD 1160
Section 18 Disposal of Assumptions and Collection of Multiple Requests for Shares of Shares Multiple requests (multiple requests) by the same applicant were prohibited. And such requests / funds would…
- PLATINUM INSURANCE COMPANY LTD. v. DIRECTOR (INSURANCE) 2010 CLD 1190
Section 218 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 Chief Executive Officer's failure to disclose changes in the terms and conditions did not apply to the Appella…
- GHULAM MUHAMMAD MALKANI v. EXECUTIVE DIRECTOR (SMD) 2010 CLD 1194
Sections 222 and 224 Companies (General Provisions and Forms) Rules, 1985, R16 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 Failure to make and obtain trading by the D…
- PLATINUM INSURANCE COMPANY LTD. v. EXECUTIVE DIRECTOR (INSURANCE) 2010 CLD 1207
Sections 39 and 156 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), transferring assets by the insurance company in violation of section 33 law, after the implementation of th…
- MUHAMMAD OMAR AMIN BAWANY v. EXECUTIVE DIRECTOR (ENFORCEMENT) 2010 CLD 1210
Sections 208, 196 and 476 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 Investing in related company and contracting without special resolution Fines from Appellate Ben…
- SERVICE FABRICS LIMITED v. DIRECTOR (ENFORCEMENT) 2010 CLD 1214
Section 158 Securities and Exchange Commission of Pakistan Act (XLII of 1997), appeals to the General Appointments Bench of the Commission Company for the annual general meeting to impose section 33, …
- FAROOQ HAMEED v. EXECUTIVE DIRECTOR (CLD) 2010 CLD 1218
Failure to prepare and move quarterly accounts, under section 245 Securities and Exchange Commission of Pakistan Act (XLII of 1997), section 245 (1) of the Ordinance of section 33 companies, fined the…
- TAKAFUL PAKISTAN LTD. v. EXECUTIVE DIRECTOR (INSURANCE) 2010 CLD 1228
Sections 76, A 59A and Sec 63 Securities and Exchange Commission of Pakistan Act (XLIII of 1997), section 33A applicable section penalties for appellate bench of Commission Inspections, sale of packag…
- Mrs. BUSHRA EHSAN v. REGISTRAR OF COMPANIES 2010 CLD 1234
Sections 79, 198, 261 and 468 of the Securities and Exchange Commission of Pakistan Act (XLII of 1997), section 33 illegally exchanged the shares of the deceased chief executive of the company against…
- KHALID SURAJ BAJWA v. EXECUTIVE DIRECTOR (CLD) 2010 CLD 1237
Sections 245 and 476 Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 Enforcement of a criminal appeal against a company requiring the companies to prepare and move their q…
- ZEAL PAK CEMENT FACTORY LTD. v. EXECUTIVE DIRECTOR (ENFORCEMENT) 2010 CLD 1240
Section 231 Securities and Exchange Commission of Pakistan Act (XLII of 1997), section 33 accounts book inspection was filed against the appeal against the order of the executive director of the commi…
- PLATINUM INSURANCE COMPANY LTD. v. EXECUTIVE DIRECTOR (INSURANCE) 2010 CLD 1265
Sections 41 and 158 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), the section 33 insurance company re-establishing a renegotiation of the insurance contract with the fraudul…
- SHEHRYAR SAEED v. DIRECTOR (ENFORCEMENT) SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN 2010 CLD 1268
Section 158 Failure to hold the Annual General Meeting on the Criminal Appeal against the Appellant Company, Section 33, 7, Securities and Exchange Commission of Pakistan Act (1997, XLII of 1997), whi…
- KASB SECURITIES (PVT.) LTD. 2010 CLD 1519
Section 22 Brokers and Agents Registration Rules, 2001, Rr 8, 12 and Third Schedule Commissions for generating revenue, violating the rules and regulations of the purchase and sale of shares and the e…
- MUHAMMAD M. ISMAIL, CHAIRMAN v. EXECUTIVE DIRECTOR (ENFORCEMENT) 2010 CLD 1690
Section 208 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 Investing in a related company and operating without special resolution Implementation of a penalty appeal to …
- M.A. JAMEEL v. EXECUTIVE DIRECTOR (ENFORCEMENT) 2010 CLD 1716
Sections 226, 229, 473, 476 and 495 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), receiving or using the money received as a Section 33 security or deposit with Schedule Ban…
- ALTAF HUSSAIN v. EXECUTIVE DIRECTOR (ENFORCEMENT) 2010 CLD 1722
Section 245 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 Enforcement of a criminal appeal against a company which requires the preparation and transfer of its quarterl…
- SHEHRYAR SAEED v. DIRECTOR (ENFORCEMENT) 2010 CLD 1725
Sections 227, 229 and 476 Securities and Exchange Commission of Pakistan Act (XLI of 1997), failure to collect Section 33 Provident Fund amount, the execution of penalty appeal against the company's a…
- TAHIR A. KHAN v. EXECUTIVE DIRECTOR (ENFORCEMENT) 2010 CLD 1729
Sections 208, 476 and 492 affected the Securities and Exchange Commission of Pakistan Act (XLI of 1997), section 33, investing in the relevant company and examining the relevant company's annual accou…
- PLATINUM INSURANCE COMPANY LTD. v. EXECUTIVE DIRECTOR (INSURANCE) 2010 CLD 1733
Sections 231 and 492 Securities and Exchange Commission of Pakistan Act (X LIZ of 1997), Section 33 Account book errors and account errors Appeal of penalties against checking the Appellant's Annual A…
- BAWANYAIR PRODUCTS LIMITED 2010 CLD 1757
Failure to submit additional statements of Sections 246 and 476 Accounts and Reports The imposition of a penalty test on the Company's record indicates that the Company has failed to comply with the c…
- SHOW-CAUSE NOTICES issued to Messrs DARSON SECURITIES (PVT.) LTD. 2010 CLD 1770
Upon acting as an agent of a company without registering against the Sections 5A & 22 (C) Securities and Exchange Commission of Pakistan, it was received that the defendant was acting as agent in the …
- NATOVER LEASE AND REFINANCE LTD. 2010 CLD 1775
Sections 282 I & 282 J of financial irregularities, violation of existing regulatory framework, and misappropriation of public funds by the company The Penal Security and Exchange Commission of Pakist…
- ZAFAR IQBAL v. REGISTRAR OF COMPANIES, ISLAMABAD 2010 CLD 1856
Sections 15, 30 and 37 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), the proposed name of section 33 Company Appellant, to be made available to the Registrar of Persons at t…
- CAPITAL INSURANCE COMPANY LTD. v. SIALKOT INTERNATIONAL AIRPORT LTD. 2010 CLD 1862
Sections 118, 122 and 130 of the Securities and Exchange Commission of Pakistan Act (XLII of 1997), the failure to perform work by a contractor of a performance guarantee issued by the Section 33 Insu…
- INNOVATIVE INVESTMENT BANK LTD. 2010 CLD 1866
Failure to do business in accordance with the terms and conditions of the Sections 282J, 282L, 305 and 309 Companies, approved by the majority of all stakeholders, shareholders, creditors and lenders …
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