Sections 282D, 282M (1) and 282J (1) Non-Banking Finance Companies and Notified Institutions Regulations, 2008, Regulation 55 (5) Additional Exhibits of the Consolidated Investment Scheme in Violation of Regulation Company Management of Two Close and Funds Namely, Asian Stock Fund Limited (ASFL); and \ Safeway Mutual Fund Limited (SMFL). The Company's shareholders, non-banking finance companies and listed companies are closed-end fund (investment company). Has approved the transfer of \ ASFL of to the Open and Scheme Regulation 55 (5). , 2008, provided that the exposure of the collective investment scheme to any single individual would not exceed ten percent of the total assets of the ASFL's exposure to the bank's share in the total investment scheme. According to Regulation 55 (5) of the Non-Banking Finance Corporations and Notified Institutions Regulations, 2008, the per-party exposure limit is ten percent and the Commission was repeatedly advised that additional ASFL exhibits should be applied in accordance with applicable regulation. Be regularized. The framework, however, insisted on the management of the company, and ignored the recommendations of the Commission in this case, the company's conduct is akin to the gross insult of non-banking finance companies and NGOs. The laws of the Companies, which promoted lawlessness in industries, 2008, could be punished under Section 282J (1) of the Companies Ordinance, which led to the lawlessness in the industry, on 1984. The continuation of such a default was known and well known. Company law permits a fine of up to 50 million rupees on such intentional violations of the rules, but
Related judgments — Securities and Exchange Commission of Pakistan, 2014
