HAROON ZAKARIA AND COMPANY CHARTERED ACCOUNTANTS versus
Sections 6, 18 and 22 Members of the Stock Exchange (Inspection of Books and Records) Rules, 2001, Rr 3 and 4 Securities and Exchange Rules, 1971, Third Schedule Irregularities in the calculation of Third Net Capital Balance (NCB) The report was submitted by the inspection team, together with the structure, irregularities were highlighted in the calculation of the Company's \ Net Capital Balance (NCB) calc, all current liabilities, except those reported under the trade certification. , Li Other liabilities of some of the loans were confirmed by the Company Account / Commercial Lenders owed more than 30 days Instead, instead of other obligations, which are understood to result from the understood NCB of statement, which the company has shown in gross negligence, the company says that the difference was due to differences in other liabilities. Were not enforceable, if 1971 NCB the was strictly complied with the rules of 1971, during the certification of the ified NCB \ negative NCB \ certificate certified by Company W, As a result of the unprecedented C NCB in, negative 1971 pr was not established in accordance with the third schedule of 1971 regulations, and was provided by the company; Eri did not apply. A statement, which contained a valid reason to believe to be false or inaccurate in the case of a violation of section 18 of the Securities and Exchange Ordinance, 1969 Ordinance, Rules and Regulations, although this was a serious matter, But considering that it was infringed for the first time, the Commission fined the company with a soft eye on 5,000 5,000 (only five thousand rupees).
Related judgments — Securities and Exchange Commission of Pakistan, 2015
