Sections 6 and 22 Securities and Exchange Rules, 1971, Third Schedule Brokers and Agents Registration Rules, 2001, R8 Stock Exchange Members (Inspection of Books and Records) Rules, 2001, Rr 3, 4 and 7 of Net Capital Balance Accounting Irregularities (NCBs) And Broke Company's Involvement In Paying Charges To Your Clients The Inspection Report, submitted by the inspection team, has formally established that Net Capital Balance Irregularities were reported in the (NCB) calculation, not in accordance with the NCB. The third schedule of the inspection report of the Securities and Exchange Rules, Third 1971 Insp Insp, further highlighted that the broker company was involved in delaying payment charges to its client broker companies, the rules enacted by the Commission. , The rules and regulations must be fully complied with. Spirit, to ensure the protection of the interests of the investors so that the broker fails to fulfill its obligations by making late payment charges. And non-preparation of the NCB certificate was a serious matter of breach of the rules, according to the Securities and Exchange Rules, 1971, in the exercise of its powers under section 22 of the Securities and Exchange Ordinance, 1969, penalizing the broker company. Was imposed. Rs 25,000 Broker Company was further instructed to: (a) comply with the rules and regulations issued by the Commission in accordance with the rules and the spirit. (B) immediately cease the process of delaying payment charges. (c) maintain proper books of accounts to record ownership and investment of clients and (d) clients' records.
Related judgments — Securities and Exchange Commission of Pakistan, 2015
