PLATINUM INSURANCE COMPANY LTD. versus EXECUTIVE DIRECTOR (INSURANCE)
Sections 231 and 492 Securities and Exchange Commission of Pakistan Act (X LIZ of 1997), Section 33 Account book errors and account errors Appeal of penalties against checking the Appellant's Annual Audit Accounts, some misrepresentation and Errors have been observed, action was taken against the appellant and the appellant was fined. The appellant had wrongly presented the audited accounts to the Commission and the wrong accounts were audited, while it was not audited, the appellant was involved in fraudulent activity and was deceiving his stakeholders. Was. Violations are said to have constituted significant non-compliance with the law and cannot be considered mere oversight. There were also inadequate violations of duties. Improved and appellant PA accordingly amended a maximum fine of Rs 500,000 instead of Rs 100,000.
Related judgments — Securities and Exchange Commission of Pakistan, 2010
