ASLAM MALIK AND COMPANY, CHARTERED ACCOUNTANTS versus
Sections 6, 18 and 22 Securities and Exchange Rules, 1971, R2 (d), Third Schedule Stock Exchange Member (Inspection of Books and Records) Rules, 2001, RR 3 and 4 Overstating \ Net Capital Balance, against the rules. Violate the law. Based on a review of the inspection report submitted by the inspection team, it is structured regularly. It came under the Securities and Exchange Commission's jurisdiction that the Company's \ Net Capital Balance Sec, Securities and Exchange Rules, 1971 Third 1971 was not in line with the Third Schedule of 1971, and it exceeded the Prima Fax limit. It was confirmed that these certificates were not in accordance with the third schedule of the Company's Net Capital Balance Rules, 1971 1971 1971 1971, as confirmed by the auditor. And that the auditor had previously affirmed the statement and provided information about which the auditor, in contravention of Section 18 of the Securities and Exchange Ordinance, 1969, had reasonably believed to be false, or inaccurate in material details. The reason was, the respondent / auditor failed to perform their duties. The auditor of the \ Net Capital Balance Certificate \ \ Net Capital Balance Certificate did not apply the necessary caution when verifying the cer, which resulted in misrepresentation and breach because, for the first time, such a violation was noted. The commission was, with a soft view, fined the auditor only ten rupees with the instructor's guidance, ensuring full compliance with future commission ordinances, rules and instructions \ r \ n \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2014
