FAROOQ IBRAHIM versus EXECUTIVE DIRECTOR (CLD), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Section 245 of the Securities and Exchange Commission of Pakistan Act (XLII of 1997), the quarterly account submission with a delay of 22 months to section 33, claimed that the company's filing of the account was not intentional, but because of it The uncertainty is that after the 2005 bombings, the representative of the company in Karachi was not valid because the law and order situation in Karachi was dominant for only 2 or 3 days while the 22 accounts. Cases were filed after I was delayed. In days the company's compliance record was not ideal, as in previous occasions, the company delayed holding an annual general meeting. There was a delay in submitting quarterly and half yearly accounts, which showed that the companies had no regard for the provisions of the Companies Ordinance. The 1984 Commission had already imposed a fine of Rs 30,000 on the Chief Executive Officer. One had taken a soft attitude by imposing Rs 20,000. Company directors / company appellants paid fines from their personal resources and not from company treasuries. \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2011
