Securities and Exchange Commission of Pakistan — Judgments of 2012
42 reported judgments of the Securities and Exchange Commission of Pakistan from 2012.
- SHOW CAUSE NOTICE ISSUED TO HAJI GHANI HAJI USMAN 2012 CLD 44
Section 18A & 22 Companies Ordinance (XLVII of 1984), Sections 57 and 62 Offer for sale or debenture for sale MAKING FAKE and MULTIPLE APPLICATIONS Shares of the company by offering sales documents by…
- NEW JUBILEE LIFE INSURANCE COMPANY LIMITED 2012 CLD 68
Section 246 publicly listed companies were required to submit annual returns in Form A of Schedule III of section 156 of the Company Ordinance, 1984, and additional information about the sample of mem…
- SHARIQ IFTIKHAR, CHIEF EXECUTIVE OF DIAMOND INDUSTRIES LIMITED 2012 CLD 79
Sections 222, 223 and 224 publicly listed companies were required to file a return of beneficial ownership within the stipulated period under the form prescribed under section 222 (2) (c) of the Compa…
- MUHAMMAD AHMED 2012 CLD 589
Section 15A Companies Ordinance (XLVII of 1984), Section 282 prohibited insider trading respondents employed in the capacity of fund managers of various funds during the period under consideration. Wa…
- PEARL CAPITAL MANAGEMENT (PVT) LIMITED 2012 CLD 602
Section 22 Brokers and Agents Registration Rules, 2001, 8, Third Schedule of Code of Conduct Shares sell without violating the regulatory trading data of the current and the Karachi Stock Exchange tra…
- SHERMAN SECURITIES (PVT.) LIMITED v. JOINT DIRECTOR (SMD)SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN 2012 CLD 612
Section 33 Securities and Exchange Ordinance (XVII of 1969), Sections 17 and 22 Brokers and Agents Registration Rules, 2001, RR 8 and 12 and the third schedule unfair trading practices and Code of Con…
- IGI FINEX SECURITIES LIMITED 2012 CLD 626
Sections 21 and 22 Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 29 Brokers and Agents Registration Rules, 2001, Rr 8 and 12, Third Schedule, Code of Conduct of Unlawful Sh…
- NEW HAMPSHIRE INSURANCE COMPANY 2012 CLD 658
Failure to meet the Company's responsibilities of management of the Company, in addition to sections 11 (1) (f), 12 (1) (e), 99 (4) and 156, the duties of the management of the insurance company; In t…
- REGISTRATION OF GUARDIAN SECURITIES (PVT.) LTD. 2012 CLD 673
Rr 3, 4 (h) & 5 (4), (5) The application for the grant of a certificate of registration as a broker revealed that a detailed examination of the information / documents associated with the application …
- MONNOO INDUSTRIES LIMITED v. EXECUTIVE DIRECTOR (CLD), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN 2012 CLD 691
The ordinance of Section 33 companies (XLVII of 1984), investments in affiliated companies without the special registry authority of Sections 160, 208, 236 and 476, stated that $ 516 million was discl…
- SALEEM BAIG v. YASMEEN WEAVING MILLS LIMITED 2012 CLD 710
The Ordinance of Section 33 Companies (XLVII of 1984), Sections 77, 78A, 152 and 406 (1) transfer of shares acquired various finance facilities from the Bank refusing to transfer the respondents. And …
- RAZA ABDUL AZIZ AL-RAEE, CHAIRMAN/CHIEF EXECUTIVE OFFICER v. EXECUTIVE DIRECTOR (CLD), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN 2012 CLD 741
The Ordinance of Section 33 Companies (XLVII of 1984), Sections 208 and 472, shows unauthorized investment in annual audited accounts for the Company's relevant years, indicating that the Company has …
- ZAFAR MOTI CAPITAL SECURITIES (PRIVATE) LIMITED 2012 CLD 854
8, 9, 12 and Third Schedule Securities and Exchange Ordinance (XVII of 1969), Section 22 Securities and Exchange Commission of Pakistan Act (XLII of 1997), failure to deposit penalty of Sections 33 an…
- REHAN AHMED, CHIEF EXECUTIVE OFFICER, MUBARAK TEXTILE MILLS LIMITED v. COMMISSIONER (SMD) 2012 CLD 873
Section L Ordinance (CIII of 2002) of 33 listed companies (substantial share of voting shares and take-overs), Sections 3, 4, 5, 7, 9, 13, 25 and 26 increase the Company's annual audit accounts for th…
- SHOW CAUSE NOTICE DATED APRIL 20, 2011, ISSUED TO MESSRS H.S.Z. SECURITIES (PVT.) LTD. EX- MEMBER OF 2012 CLD 911
Sections 21 and 22 of the Company's failure to provide the required information within the stipulated time and the notice of the Company's directors not appearing before the Inquiry Committee were pub…
- SHOW CAUSE NOTICE ISSUED TO MR. WASIM HYDER JALBANI 2012 CLD 944
Section 15A Companies Ordinance (XLVII of 1984), Section 282 (I) of the Investment Company's Internal Trading Fund Manager and the funds managed by it, were part of the Investment Committee. He was in…
- SHOW CAUSE NOTICE ISSUED UNDER SECTION 246 OF THE COMPANIES ORDINANCE, 1984 TO FIRST DAWOOD INVESTME 2012 CLD 977
Failure to furnish record statements of section 246 accounts and reports shows that the company failed to file annual returns in Form A of the Third Schedule specified in section 156 of the Companies …
- SHOW CAUSE NOTICE ISSUED TO ADEEL AND NADEEM SECURITIES (PVT.) LTD. 2012 CLD 987
Failure to provide specific information to R 8 (ii) (IV), (a) (b), Third Schedule, Code of Conduct, Clause D, the Commission was advised by the Company to provide specific information regarding its cl…
- SHOW CAUSE NOTICE ISSUED TO INVEST CAPITAL MARKETS LIMITED 2012 CLD 999
5, 8, 14FL17 The Company Registration and Responsibility of the Company, in the present case, was a member of the Karachi Stock Exchange (Guarantee) and registered with the Securities and Exchange Com…
- SHOW CAUSE NOTICE ISSUED TO INVEST CAPITAL MARKETS LIMITED 2012 CLD 999
5, 8, 14 and 17 Company Registration and Responsibility of the Company, in the present case, was a member of the Karachi Stock Exchange (Guarantee) and registered with the Securities and Exchange Comm…
- SHOW CAUSE NOTICE ISSUED UNDER SECTION 224(4) OF THE COMPANIES ORDINANCE, 1984 TO BANK ALFALAH LIMIT 2012 CLD 1031
Under Section 222, 223 and 224, the beneficial owners of the securities bank, who are more than ten percent shareholders of the issuing company, fail to present their statements, on section 31, the re…
- ALI ASGHAR TEXTILE MILLS LIMITED 2012 CLD 1065
The provisions of Sections 196 and 476 of Company Scope Provisions contained in section 196 of the Companies Ordinance, 1984 were clear and unambiguous, and it sought the procedures and procedures for…
- SHOW CAUSE NOTICE ISSUED TO MESSRS WASI SECURITIES (SMC-PVT.) LTD. EX-MEMBER OF THE LAHORE STOCK EXC 2012 CLD 1082
Sections 21 and 22 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 29 Complaint against the company which filed a failure to provide the company with the required info…
- SHOW CAUSE NOTICE ISSUED TO MESSRS FIRST PAKISTAN SECURITIES LIMITED 2012 CLD 1109
The renewal of the Certificate of R8 Registration Company, which was a member of the Stock Exchange and registered with the Securities and Exchange Commission of Pakistan, applied to the Inquiry Commi…
- SHOW CAUSE NOTICE ISSUED TO JS GLOBAL CAPITAL LIMITED 2012 CLD 1120
Section 22 Trading by Individual Customers of the Company in Shares of Other Companies The Stock Exchange's Automated Trading System Trading Data reveals that the Company's five individual clients hav…
- SHOW CAUSE NOTICE ISSUED TO UNITED CAPITAL SECURITIES (PVT.) LIMITED 2012 CLD 1174
Failure to comply with the rules of Article 22 Brokers and Agents Regulations, 2001, 12, Schedule III, a detailed analysis of the Company's trading data indicates that its two clients traded the scrip…
- AL MEEZAN INVESTMENT MANAGEMENT LIMITED 2012 CLD 1262
Section 15 (E) examining the insider trading and examining the trading data of the stock exchange's automated trading system, revealed that the funds traded heavily through their own funds under the m…
- SHOW CAUSE NOTICE DATED FEBRUARY 17TH, 2012 ISSUED TO KHALID JAVED SECURITIES (PVT.) LTD., EX-MEMBER 2012 CLD 1276
Section 297 Securities and Exchange Ordinance (XVII of 1969), Sections 18 and 22 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Sections 21 and 29 fail to provide the Company with …
- RENEWAL OF CERTIFICATE OF REGISTRATION OF TRUST CAPITAL (PVT.) LTD. AS A BROKER UNDER THE BROKERS AN 2012 CLD 1326
5 and 7 Securities and Exchange Commission of Pakistan Act (XLI of 1997), renewal of registration certificate as broker Sections 22 and 23, for this purpose, detailed examination of the information / …
- SHOW-CAUSE NOTICE ISSUED UNDER SECTION 224(4) OF THE COMPANIES ORDINANCE, 1984 TO CH. ZAHOOR AHMED 2012 CLD 1366
Failure to file a change of return to beneficial ownership of Articles 222 and 224, the Chief Executive / Director of the Public Limited Company, whom the Company owns within the period set out under …
- NAZIR AHMED PERACHA, CHAIRMAN, SHAHPUR TEXTILE MILLS LIMITED v. COMMISSIONER (CL), SECURITIES AND EXCHANGE COMMISSIONER OF PAKISTAN 2012 CLD 1394
Sections 86 (3), 472 and 492 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 New Shares Offer False Statement Examining the Company's Annual Accounts for the relevant yea…
- DIAMOND INDUSTRIES LIMITED v. EXECUTIVE DIRECTOR (CLD), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN 2012 CLD 1408
Sections 208 and 473 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 Associate Companies Investing and Examining the Company's Accounts for Specific Periods Without…
- GHARIBWAL CEMENT LIMITED v. DIRECTOR (ENFORCEMENT), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN 2012 CLD 1423
Sections 227, 229 and 476 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), section 33 of the forthcoming trust company ordinance, of the management of company-related provident…
- S.M. AHMED v. EXECUTIVE DIRECTOR (ENFORCEMENT), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN 2012 CLD 1430
Sections 208, 473 and 476 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), section 33 receivable balance, an annual audit of accounts related to a commercial loan ? related dis…
- S. M. MUNEER v. DIRECTOR ENFORCEMENT (CLD), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN 2012 CLD 1439
The deadline for the issuance of the Allotment Shares Transfer Certificate of Sections 74 74 and 6ot6 Shares was filed after the Commission had filed a complaint with the Commission regarding the non-…
- S.M. EHTISHAMULLAH v. EXECUTIVE DIRECTOR (ENFORCEMENT) 2012 CLD 1835
Investment facts and circumstances in connection with the section 208 Securities and Exchange Commission of Pakistan Act (XLII of 1997), concern without the authority of section 33 special resolution …
- HIGHLINK CAPITAL (PRIVATE) LIMITED 2012 CLD 1855
Failure to Pay R8 Credit Balance The Securities and Exchange Commission of Pakistan has received complaints that the credit balance available in the (complainant's) account with the company was not pa…
- SAKARWALA CAPITAL SECURITIES (PVT.) LIMITED 2012 CLD 1882
8, 12 and 3rd Schedule Violation Code of Conduct Trading The Karachi Stock Exchange's automated trading system data shows that two clients of the company were engaged in circular trading in the second…
- DAWOOD FAMILY TAKAFUL LIMITED 2012 CLD 1895
Sections 12, 39, 59A & 156 of the Companies Ordinance (XLVII of 1984), Sections 160 (1) (b) and 209 of the mismanaged and indirect transactions were resolved by the Board of Directors of the Takfal Co…
- EQUITY MASTER SECURITIES (PRIVATE) LIMITED, MEMBER OF THE LAHORE STOCK EXCHANGE (G) LIMITED 2012 CLD 1936
Sections 16 and 22 Securities and Exchange Rules, 1971, R4 (4) Violation of Complaint against Complainant, Due to Regular Violation by Complaint Company, It is Submitted to the Company by the Company'…
- KAMRAN SHAHID, DIRECTOR OF KOHINOOR ILLS LIMITED 2012 CLD 1952
Failure to file a return of beneficial ownership under Sections 222 and 224 (4) of the Companies Ordinance, within the stipulated period under section 222 of 1984, the director of the listed company w…
- NASEEM A. SATTAR, CHAIRMAN v. EXECUTIVE DIRECTOR (ENFORCEMENT), SECURITIES AND EXCHANGE COMMISSIO OF PAKISTAN 2012 CLD 2019
Minutes of the Board of Directors meeting were sought to ascertain whether the Securities and Exchange Commission of Pakistan (XLII of 1997), Section 33, the Securities and Exchange Commission affilia…
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