REGISTRATION OF GUARDIAN SECURITIES (PVT.) LTD. versus
Rr 3, 4 (h) & 5 (4), (5) The application for the grant of a certificate of registration as a broker revealed that a detailed examination of the information / documents associated with the application for a certificate grant was revealed. The financial status of the applicant company is severely worsened by the company's default on loans payable to banks. Failed to provide your audited financial statements. Unresolved administrative conflicts encountered. The Board had no suitable Board of Directors as the Chief Executive Officer / Designated Director of the Company had resigned, but the Company is still announcing the named person to be the Chief Executive Officer of the Company as the change of the Named Director of the Company Neither was told, nor was he informed. The current directors of the company's stock exchange did not meet the experience set out in R4 (h) of the 2001 Regulation of Brokers and Agents, the company stated that the deficiencies were not in the interest of investors and the stock market. Because the applicant was not eligible for registration as a Company Broker, his application was denied under R5 (5) of the Registration Registration of Brokers and Agents, 2001.
Related judgments — Securities and Exchange Commission of Pakistan, 2012
