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SAFEWAY MUTUAL FUND LIMITED (SMFL): IN THE MATTER OF versus SAFEWAY MUTUAL FUND LIMITED (SMFL): IN THE MATTER OF

RR 5 (2) (E), 7 (2) (G), 38, 49 (3) (4) and 63 Companies Ordinance (XLVI of 1984), Section 282b Excessive investment Application of the penal investment company under which it was registered. Non-Banking Finance Companies (Establishment and Regulation) was obliged to comply with certain investment limits in the Rules, 2003 Rules, but the Company violated 49R (4) with more than twenty-five percent of its net assets by various companies. I had invested. Rules of the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003 Company, which admitted to investing excessively, failed to provide any justification for the same company, in the event of non-KR-49 ( 3) (4) was violated by the Banking Finance (Establishment and Regulation) Rules, 2003, which stated that the end of the rules did not apply when investing through a closed end fund, directors who violated it. Were members of the board at the time, were responsible for any such default responsibilities, and were left responsible f or directors. These measures Appointment times and was the cause notice was valid and appropriate. All the companies in which the companies were invested were a group of companies, which showed that the company had made strategic investments. Group of Companies as major shareholders in the interest of the group and not in the interest of the general public whose funds were raised in the company All directors were employees / directors of various groups Non-Banking Finance (Establishment and Regulation) Rules 2003 Deliberately default under R 49 (3) and (4) ask a advocate free from Kamokey lawyer