The misrepresentation of the Securities and Exchange Commission of Pakistan's Department of Enforcement, Section 492, examines the company's annual audited accounts for a fine, which period reveals that the auditors verified the opinion in their audit report on the accounts. Was released. Information submitted by the auditors shows that company directors have misrepresented facts in their reports to members that the company's directors had simply failed to represent in writing by their authorized representatives - Directors / Report Company directors misrepresented the facts to shareholders - and violated the provisions of Section 492 of the Company Ordinance, the default of 1984 was established, however the maximum penalty was imposed in this case. Instead, a soft view was adopted in this case. Each director was fined Rs 800,000, the chief ex was fined Rs 30O, 000 only under the Ordinance of Companies, Section 492 of 1984, the other directors of this company were strictly warned to be careful in the future. r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2010
