Sections 11 (1) (c), 36, 63 (1) and 156 Securities and Exchange Commission (Insurance) Rules, 2002, R13 Company's salvoscience position revealed that under this amount amounted to Rs 49,328,754. The wall was by. The relevant provisions of the Insurance Ordinance, 2000, were established by the company's legal counsel, who were recognized by the company's directors, who also had some sincere duties in addition to the day-to-day running and management of the business. , Obligatory duties and some broader duties imposed by law. And violating these legal duties would usually be a criminal offense. Directors were punished by a fine or imprisonment, against a high standard of accountability, which required them to be careful and perform their duties with proper care, in the present case, with appropriate responsibility. Were unable to perform their duties and the directors were deemed to have been well aware of their legal obligations in relation to the legal requirements of Clause 11 (1) (c) and 36 of the Insurance Ordinance 2000 and were advised of proper solvency Was required to comply with minimum / solvency / requirements in the relevant date. And even then, which was completely ignored by the directors company, it needed to work in practice to achieve a balanced balance of legal indications that the default was intentional and Was made voluntarily, so the default Insurance Ordinance, 2000, of section 11 (1) (c) and 36, was established as provided under Sections 63 (1) and 156 of the Insurance Ordinance 2000, Competition can be implemented on
Related judgments — Securities and Exchange Commission of Pakistan, 2013
