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ASIAN SECURITIES (PVT.) LIMITED: IN THE MATTER OF versus ASIAN SECURITIES (PVT.) LIMITED: IN THE MATTER OF

Regular 8 and 12 Regulations of Karachi Exchange (Guarantee) Limited, conducting future contracts, revealed a penalty examination on the information provided by the company violating Regulation 3 (b) rules and regulations, 10 times 2005. From March 21 to March 25, 2005, the Company held net sales position in future contracts, in contravention of the requirement of the Karachi Regulation (Guarantee) Limited's future contract governance regulation 3 (b). 50 million was over the fixed limit. The Company either failed to collect the actual shares sold to the Exchange for a fixed period or failed to provide documentary evidence to the Exchange that such shares, the Central Depository Company of Pakistan, or any bank or finance institution I was on dates. Under the R8 of the Brokers and Agents Regulation Rules 2001, a showcase notice was issued that stated that the company's first flask violates R12 in the aforesaid rules. The company's chief executive, in response to the showcase notice, submitted and wrote submissions to the company, which did not meet the reporting / processing requirements under the Karachi Exchange Regulation Governance Future Contract. Guarantee) Certain controlling circumstances, however, arose from the process of providing the required evidence under Regulation 3 (b), which governed the Company Exchange's (Guarantee) Limited contracts, when required only by the Exchange, Who could be convinced. The Company is required to ensure that it fulfills its obligation under Regln 3 (b), which expressly divorce advocates from Sibi lawyer