SHOW CAUSE NOTICE ISSUED TO HAJI GHANI HAJI USMAN versus
Section 18A & 22 Companies Ordinance (XLVII of 1984), Sections 57 and 62 Offer for sale or debenture for sale MAKING FAKE and MULTIPLE APPLICATIONS Shares of the company by offering sales documents by offering to the general offer Offered for purchase. After an initial public offering and post-ballot examination, the Offer Advisor, published and published with the approval of the Securities and Exchange Commission, contained 257 applications, including a submission for a subscription. There were 257 requests. Offering the shares of the company in violation of Section 18A of the Securities and Exchange Ordinance, 1969, it was advisable to submit 254 petitions for membership, but despite repeated reminders, the proponent ordered every order. I failed to do so within the stipulated period, which is equivalent to failing to ensure compliance with the Commission Offer's orders. These shares were issued to three applicants whose requests were deliberately made by the Commissioner. Were restored and 185 orders of the Commission deliberately approved under Section 18A of the Securities and Exchange Ordinance, 1969 Used to delay the execution of the amaat. And under the circumstances, section 22 of the Ordinance was imposed to impose a penalty of up to Rs. 50 million, in which case a fine of Rs. 300,000 (Rs. 300,000) for failure to comply with the orders issued under section 18A. Was imposed. The Securities and Exchange Ordinance, 1969, was further required to ensure compliance with the orders. \ R \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2012
