AVAIS HYDER LIAQUAT NAUMAN, CHARTERED ACCOUNTANTS versus
Sections 6, 18 and 22 are members of the Stock Exchange (Inspection of Books and Records) Rules, 2001, Rr 3 and 4 Securities and Exchange Rules, 1971, R2 (D) and the Third Schedule Reg Net Capital Balance (NCB). Irregularities in Accounting In the inspection report submitted by the inspection team, Cap Net Capital Balance (NCB) was not compliant with the third schedule of Net Capital Balance Securities and Exchange Rules, 1971 1971 Third Third. After the examination, major irregularities were highlighted in the calculation of major Cap Net Capital Balance (NCB). Verbal submissions from the company, it has been observed that the company has failed to perform its professional duties with proper care, and, to verify the amount of securities purchased for clients attending the NCB and the Net Capital Balance Verification Needed. Needed to be substantiated with sufficient evidence, the company failed to obtain sufficient evidence and did not apply, and was not aware of the necessary measures to verify the NCB. They violated the importance of NCB, relevant rules, certification practices and professional misconduct by the Company due to excessive overload due to the risk involved, due to proper care, competence and diligence. And due to negligence, the powers under Section 22 of the Securities and Exchange Ordinance, 1969, in the use of the Commission, to ensure that the Company is fully compliant with the Securities and Exchange Ordinance, 1969, the rules, regulations and future commission guidelines. Has directed the company to pay Rs 20,000 to the company
Related judgments — Securities and Exchange Commission of Pakistan, 2014
