Failure to prepare and move quarterly accounts, under section 245 Securities and Exchange Commission of Pakistan Act (XLII of 1997), section 245 (1) of the Ordinance of section 33 companies, fined the appellate bench of the company Appeal of In 1984, its quarterly accounts were required to be sent to shareholders, the Stock Exchange, Registrar and the Commission respectively, so that the Commissioner took a decent view and instead of imposing a maximum fine of Rs one lakh on every director of the company, The director imposed a fine of Rs 60,000 and the director's chief executive validity representative Rs 1 lakh, but he has requested that the fines be reduced to a soft attitude. The representative told the appellate bench that the company had stopped its operations and was present. The voluntary collateral process and the company had no assets and, as a result of this, the commission did not pay a penalty to the commission, the directors of the company were responsible for the preparation and rotation of the quarterly accounts. Information should be provided to stakeholders in a timely manner and Scott cannot be released due to the failure to provide the necessary. The re-occurrence of information defaults within the stipulated time indicates that the Company's directors did not make serious efforts to comply with the provisions of the Ordinance of the Company, imposing the 1984 Chief Executive and Directors on their personal capacity. And was directed to collect them. From their own resources Germany and not the company's treasury director were fined on the one hand and the other directors and chiefs
Related judgments — Securities and Exchange Commission of Pakistan, 2010
