COL. (R) ASGHAR ALI MALIK, CHIEF EXECUTIVE OFFICER versus HEAD OF DEPARTMENT (ENFORCEMENT) SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Sections 231, 476 and 492 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), making false statements of section 33, reveal that the Company's annual audit accounts for the corresponding financial year revealed that the Company made comparable statistics for commercial loans. Is ranked. million million of million rupees and disclosed as Rs 3, \ 62, \ 85, Rs 8585 and Rs 71,13131.66 as commercial lenders \ in the note on the transaction with the relevant parties. The data disclosed cannot reconcile the balances in the accounts related to it. The company had incorrectly classified the transactions with the respective companies because the company had incorrectly included the daily transactions of the company / commercial lenders in the accounts which were not in the nature of a normal business reputation. And the transfer of funds under the head of the \ Commercial Debtors \ Inspection Team reported that the company did not have a clear distinction between dealing with related companies and balancing the commercial lenders, which caused the company to lose balance. I kept the balance. At the time of filing the data in the accounts, no evidence was presented to prove the company lawyer's argument that statements of complete agreement of all transactions with the relevant companies were presented at inspection. And fair reporting. The Company had a failure to comply with the requirements of section 492 of the Companies Ordinance and the Company had a failure to comply with the requirements of Section 492 of the Ordinance of the Company. Found and sufficient to show that the Company's act was contradictory and non-partisan despite
Related judgments — Securities and Exchange Commission of Pakistan, 2015
