Failure to Pay R8 Credit Balance The Securities and Exchange Commission of Pakistan has received complaints that the credit balance available in the (complainant's) account with the company was not paid despite several repeated requests whose complaints Provided the letter of authority. The company under which they authorized a person to trade in their accounts, issued checks in favor of the competent person so that they could pay their obligations against the complainant without any approval from them. ? According to the authority letter, the authorized person was authorized to receive only A / C. Receipt check issued from company only in the name of complainant The authorized representative of the company acknowledges that the company issued a check in the name of the competent person on the assumption that the complainant had discharged his duties. Will not mind. The company, acting on behalf of their blood relationship payment, which was a complete one, acknowledged his inadvertent mistake and asked to dispose of the claim that he re-issued the check in the name of the alleged complainant. Yes, the equivalent of the disputed amount the company submitted that the mistake was neither intentional nor intentional error was human and that the company's actions were imitative at all times. That the waiver was not intentional or intentional, but rather a mistake and error arising from a misrepresentation of the authority letter supplied, circumstances I revoked the reason I issued the company
Related judgments — Securities and Exchange Commission of Pakistan, 2012
