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INTER ASIA LEASING COMPANY LIMITED versus COMMISSIONER (SPECIALISED COMPANIES DIVISION), SEC

Sections 282 and 282 of the Non-Banking Finance Companies (Establishment and Regulations) Rules, 2003, RR 5 (2) and (6) and 7 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 licensing and its Denial of Implementation Appellant Company's Applied Equity in terms of R5 (2) of the Nine Banking Finance Companies (Establishment and Regulations) Rules 2003; Appellant Company was not licensed by the Commissioner for audit of Appellant Company for related Sal disclosed that the auditors had some merit in their report, the show cause notice was issued to the appellant and the opportunity of hearing After being provided, the chairman, chief executive officer and directors of the appellant company were fined for the annual accounts of the appellant company. Referring to the petitioner not issuing an accurate and fair picture of the company's affairs, the notices did not state that the reply was filed by the appellant's commissioner, he also had no reason to investigate them. Was not provided. In view of the conviction of the appellants, the commissioner was demanded again. \ r \ n. r \ n famous supreme court advocate from Badin lawyer