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SHOW CAUSE NOTICE NO. S.M.(B.O.)C.O.222/1(150)11 versus

Failure to file a beneficial ownership return on the fixed forms of Sections 222 (2) (b) and 224 (4), within a fixed period, which holds more than ten percent of the securities of the bank issuing company, the provisions of section 222 Was required under ()) ()) To enter the return of beneficial ownership on the fixed form of the Companies Ordinance, of 1984 of beneficial, within 30 to 30 days of the fixed period, but in that they filed with a delay of 2 late2 days. That was scheduled before filing a delay in return. The question was filed in a section of the bank, but it was claimed that the default was not done deliberately and deliberately and in the future it is guaranteed to file a timely return. And asked to waive the default record in the question record that the bank had not made any purchase / sale transaction in the market and immediately received the return file upon receipt of the letter from the Securities and Exchange Commission of Pakistan. And to enter the phase of return of beneficial ownership. Not being deliberate, a soft view of the matter was taken. And the bank was strictly warned to ensure timely compliance with Section 222 of the Companies Ordinance 1984

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All Securities and Exchange Commission of Pakistan judgments of 2011 →

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