Section 18 and 22 Registration of Brokers and Agents Regulations, 2001, Rr 5 (4), 7 (2) and 8 Securities and Exchange Rules, 1971, R3 (b) and renewal of certificate of registration as broker, overstating Application for Net Capital Balance (NCB) Company Submits Request for Renewal of Registration Certificate As of March 12, 2012, there were major irregularities presented by the Company in the calculation of Net Capital Balance (NCB), as it was not calculated according to the Third Schedule. Securities and Exchange Rules, 1971,, and the first aspect was submitted to the Overstated NCB and a statement was made and information was given, which violated Section 18 of the Securities and Exchange. There was good reason to believe he was materially wrong or wrong. The ordinance, 1969, and the violation of R8 of Brokers 'and Agents' Registration Rules 2001, also previously imposed a violation of rules and regulations, was a serious scandal, which prompted the commission to suspend the company's registration. They also say that the power, the suspension decision could increase the market risk, the company's suspension will also have serious adverse effects on two other brokerage houses. The group and the actual effects of the company will be much higher than the commission took a soft view, in this case decided to give the company another chance and renew the company's registration certificate, with the condition that the company be amended. Required net capital submission will be required. Head of Balance (NCB) within three months in strict compliance with the Third Schedule of Securities and Exchange Rules, 1971 Third 1971 1971
Related judgments — Securities and Exchange Commission of Pakistan, 2014
