SHOW CAUSE NOTICE ISSUED TO MESSRS WASI SECURITIES (SMC-PVT.) LTD. EX-MEMBER OF THE LAHORE STOCK EXC versus
Sections 21 and 22 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 29 Complaint against the company which filed a failure to provide the company with the required information, to the Security Exchange Commission, against the company Complaints were received. In connection with the illegal withdrawal of shares from its clients' subcontracts and the disposal of shares without the permission of the account holders, it applied for collateral; the company, in view of such infringement, stock in exchange for mismanagement. The Exchange also failed to award the mediation award to the arbitrators. , The Inquiry Committee was formed to investigate the claims of non-compliant and pending investors, the Company was directed to fully cooperate and assist the Inquiry Officers in conducting and completing the inquiry, And to provide any information and documentation of any kind. From time to time, the company failed to provide the required information through inquiry officers, despite repeated instructions from the company's directors, but in the face of serious concerns put on record by the inquiry committee, the arguments and controversies raised by the company Unrelated to the matter, it further proved the purpose of the company's directors. Due to a failure to comply with the provisions of the Securities and Exchange Ordinance, 1969, the Company and its directors were delaying the matter with some pretense; the Company and its directors knowingly / knowledged information Failure to supply Section 21 of the Securities and Exchange Ordinance, 1969
Related judgments — Securities and Exchange Commission of Pakistan, 2012
