ACE SECURITIES (PRIVATE) LIMITED, BROKER/TREC HOLDER OF KARACHI STOCK EXCHANGE LIMITED versus
Section 6 and 22 Brokers and Agents Registration Rules, 2001, R8 Stock Exchange Members (Inspection of Books and Records) Rules, 2001, R4 Inspection of Company Accounts and Other Company Documents in Providing Required Information Failure to exercise the powers under the Securities and Exchange Commission, Sections 6 and 1 of the Securities and Exchange Ordinance, 1969, under section 6 (1), and under Stock Exchange Members (Inspection of Boxes and Records) Rules, 2001. Scheduled for inspection. And other documents required by the Company to be retained by the Inspection Team failed to provide the required information / documents / details, the non-delivery of required information / documents was a violation of the rules and regulations. And this was a serious matter, as provided in Section 6 (3) of the Securities Exchange Ordinance, 1969, and the rules for enrolling brokers and agents, R8 of 2001, the terms of the Code of Conduct set forth in the Third Schedule of Company Brokers and Agents. Was unable to execute. Violation of the Regulations by the Company Regulations, 2001, was a serious matter that would entitle the Commission to suspend the registration of a company selected for non-use, and in this case a Taking a soft attitude, the company was fined Rs one lakh on electricity under section 22 of the Securities and Exchange Ordinance, 1969, the commission was advised to take immediate steps to provide the company with the required information and documents They were also instructed to cooperate fully and comply with these instructions
Related judgments — Securities and Exchange Commission of Pakistan, 2014
