Sections 6 (1), 16, 18 and 22 Members of the Stock Exchange (Inspection of Books and Records) Rules, 2001, RR 3, 4 and 7 Securities and Exchange Rules, 1971, R2 (D) and the Third Schedule Existing Regulatory Violations After inspection of the broker / company's books and records, the framework that the Brokerage Business Inspection Team has implemented, highlights violations of the existing regulatory framework that overcomes brokerage business records. That is, if the \ Net Capital Balance (NCB) was strictly calculated, the brokerage company's compliance with the requirements of the Securities and Exchange Rules, 1971 1971 1971 NCB would have been negative, which would have meant that the company had gained a lot of exposure to the trade by submitting false NCB false, thus increasing systemic risk in the market. It is established that the Company was not in accordance with the third schedule of the NCB Sec Securities and Exchange Rules, 1971. That the Company submitted a statement submitting the Overstated \ NCB submission and gave the information, which was found to be inaccurate or inaccurate in the material details in violation of Section 18 of the Third Schedule of Securities and Exchange Ordinance, 1969 There was good reason to believe. Securities and Exchange Rules, 1971; and Section 16 of the Securities and Exchange Ordinance, 1969, which was a serious matter, the company was instructed to pay a fine of Rs 100,000 (only one hundred thousand) due to the breach. Directed to do this, the company was instructed to make further necessary arrangements. Comply with the Regulatory Framework, and submit a comprehensive report in this regard \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2013
