Failure to meet the Company's responsibilities of management of the Company, in addition to sections 11 (1) (f), 12 (1) (e), 99 (4) and 156, the duties of the management of the insurance company; In the days leading up to and the conduct of its business, there were certain duties, namely the duties of the trustee and some of the wider duties that were generally imposed by the breach of the law relating to these legal duties. Penalty or imprisonment would be a criminal offense under which the company's directors were compensated against a high standard of liability for which they would remain vigilant. Pay your duties responsibly. In the present case, the directors failed to perform their duties with proper responsibility and the directors should have been aware of their legal responsibilities. In line with the legal requirements of Section 12 of the Insurance Ordinance 2000, which dealt with the appropriate and careful management standards read with Section 11 (1) (f) of the said Act, it can be reasonably estimated that E-default was deliberately and deliberately fined as provided under Section 156 of the Insurance Ordinance 2000, which could be imposed on the company, however, instead of imposing a maximum penalty, The company was fined Rs 1 lakh and severely warned. In the event that there is no compliance in the future, further disciplinary action will be taken against the company
Related judgments — Securities and Exchange Commission of Pakistan, 2012
