ZAFAR MOTI CAPITAL SECURITIES (PVT.) LIMITED versus
Section 6 and 22 Securities and Exchange Rules, 1971, Third Schedule Stock Exchange Member (Inspection of Books and Records) Rules, 2001, R-Net Capital Balance (CNCB) \, etc., related to securities and exchange commission calculations. Order inspection of books and records maintained by the company upon review of inspection report, various preliminary infringements related to calculation of \ net capital balance calc, payment of delayed receipt and separation of client account. Observed \ Net Capital Balance regarding was not valid regarding company late payment Had received a charge of breach of charge. And the non-restitution of separate bank accounts for the client company that failed to provide any documentary evidence in support of the client's securities pledge, for non-compliance with the exercise of powers under section 22 of the Securities and Exchange Ordinance, 1969 Was convicted. , The company was fined Rs 500,000 (only five hundred thousand rupees), further directed. (i) Close the customs of keeping client securities in your house account, and transfer such securities to all related accounts. (ii) transfer / promise of client securities; (iii) maintain separate bank accounts for the clients and collect client's income thereon (iv) regulate its \ Net Capital Balance Reg and, as per the requirements of the Third Schedule of Securities and Exchange Rules, Third Third, and (v) cease the process of receiving late payment charges to clients. n
Related judgments — Securities and Exchange Commission of Pakistan, 2014
