Section 492 False Statements After examining the Company's annual audited accounts for the relevant year, a penalty for the Commission's Enforcement Department has been observed that the net commission amount in the profit and loss of the company is stated in the expense statement. Not according to stats. A detailed analysis of the trial balance and commission ledger by the insurance companies revealed that there was a dispute in the company's submissions and it appeared that the company had increased its profitability for the relevant year, in which case the company Has violated the provisions of section 492. The Companies Ordinance, the company's default of 1984, was, in the circumstances, based on the fact that a false statement of costs could not affect a company's profit and the company insisted that it Will ensure strict compliance with the provisions of the Companies. The future ordinance, 1984, took a softer view and instead of imposing penalties, the Companies Ordinance 1984 complied with the letter and spirit to all directors, chief executives, directors and chief financial officers, in compliance with the law. Was instructed to do.
Related judgments — Securities and Exchange Commission of Pakistan, 2009
