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MESSRS BILWANI & CO. CHARTERED ACCOUNTANTS versus EXECUTIVE DIRECTOR (SPECIALIZED COMPANIES), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN


Companies Ordinance 1984 Section 254 (3) (d) Companies (General Provisions and Forms) Rules, 1985, RR 4 (2) and 25 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 of the Securities and Exchange Commission The Appeal Auditor for the Appeal Bench was alleged to have committed the Executive Director of the Commission (Specialized Companies Division) to the Company in response to the issuance of a show cause notice to the Auditor in the capacity of the Legal Auditor of the Company Auditor. I refuse to engage in any commercial business with the company. And requested that he be allowed to present his case by a competent representative. The Executive Director insisted on the personal appearance of the Auditor (Appellant), but upon failure of his presentation, after the former party order was fined, he was presented to the Auditor for not appearing in its history. At the hearing, the Commission's auditor opined that because of his son's operation and the information he had to go to the U of A, the Commissioner's opinion was that despite his assertion, he insisted on the personal status of the Executive Director. Unauthorized, the executive director made the mistake of insisting on personal appearance pursuant to R125. Read the alleged crime proceedings with R4 (2) of the Companies (General Provisions and Forms) Rules 1985 by a practicing member and a practicing member of the Institute of Chartered Accountants of Pakistan. The Institute of Cost and Management Accountants of Pakistan Auditor (Appellant) was not provided with sufficient opportunity to present its case and the Security Exchange Commission's early adoption.

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