Sections 34, 46 (1) (b), 51 and 156 Securities and Exchange Commission (Insurance) Rules, 2002, Part B of Appendix II Accounting Regulations, Regulations No. 3 (1) and 16 (1) (a) Failure to prepare And to deliver to the Commission an annual legal account to the insurance company to invest its sales at a cost or market value lower than the terms of Regulation 16 (1) (a) of Accounting Regulations and Section 34 of the Insurance Ordinance 2000 Must specify the available amount. Which was violated as the company reported. Its present value is available for sale investment at a price, on the date when the statement of assets for the solicitation of section 34 of the Insurance Ordinance 2000 was filed with Regln 16 (1) (a) of the Accounting Regulations. Was read The penalty provided under Section 156 of the Insurance Ordinance, 2000, may be levied on the company or its directors commissioner, instead of imposing fines, respecting the company's position on the grounds that it was against each The impact of the breach did not completely sink the company. A severe warning was issued to the Diwali Company that in the future, in case of non-compliance, strict action would be taken against the company.
Related judgments — Securities and Exchange Commission of Pakistan, 2014
