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MIAN FAROOQ AHMED SHEIKH versus DIRECTOR (ENFORCEMENT), SECP

Companies that implement the Section 245 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 of the Appellate Appeal Company, prepare their members and commissions for the third quarter of their quarterly accounts under Section 245 of the Ordinance, 1984 and Wanted to move, quarter was prepared. Transferred the accounts and also to the members, but failed to register them simultaneously with the Commission, after giving the appellant an opportunity to issue a notice of reason and to hear the law of justification, if the account Failure to impose fines on the Commission on behalf of the Registrar, if provided separately. And the Commission, but it did not appear to be intended by the Appellant Company or its administration for any unwarranted motions that it was part of the Commission not to provide the accounts to the Registrar of Companies and if the accounts were provided to the Registrar So, there was no reason. Why they could not be told the Commission could not have been due to some oversight and that it was not deliberately committed to the Enforcement and Monitoring Department, should have taken a softer attitude in the circumstances, at best it was company and His administration should have been warned that the next precautionary order was put in place. The money deposited by the applicant should be returned by the commission. \ r \ n \ r \ n best advocate from Moro lawyer