RAHMAN SARFRAZ RAHIM IQBAL RAFIQ, CHARTERED ACCOUNTANTS versus
Regulation of Sections 6 and 22 Stock Exchange (Inspection of Books and Records) Rules, 2001, Rr 3 and 4 Securities and Exchange Rules, 1971, on the basis of the inspection report of the \ Net Capital Balance Calc (NCB) Third Schedule irregularity Highlighted major irregularities in the calculation of Net Capital Balance (NCB), whose inspection report was not calculated according to the third schedule of securities of the NCB of the inspection report the NCB. The certification and certi ?? cate of the inspection was done by the Chart Accountant Company. The Exchange Rules, 1971 Company Company did not apply the necessary steps to verify the Company \ NCB \ Company, asserting that the quantities / numbers used to arrive at the NCB Value were regularly audited. , And is expected to make a statement. The effect of the Aud NCB / Certificate Auditor should be considered professional, which is beyond reproach, and it should perform its duties in a fair, efficient and impartial manner. Company NCB / Statement Verification Company As a Chartered Accountant Firm, it must comply with applicable rules, its importance to the securities business, and breach of the Rules of Professional Conduct. That was the case. See, the company was strictly warned that in the future it would fail to comply with the Commission's instructions against which appropriate action would be taken. It was issued without further prejudice that the Commission could initiate proceedings against the company as per law in the matter. Investigated or otherwise brought to the knowledge of the Commission \ r \ n \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2015
