M.R.A. SECURITIES (PRIVATE) LIMITED, BROKER KARACHI STOCK EXCHANGE LIMITED versus
Provide the required record inspection team of the Commission after inspection of Section 6 and 22 Stock Exchange Members (Inspection of Boxes and Records) Rules, 2001, RR 3 and 4 Brokers and Agents Registration Rules, 2001, R 8 (x) records. Failure to do so The brokerage company, in its inspection report, revealed that the company, despite several reminders, did not present the majority of books and accounts, information, documents, etc. and was not clear on the inspection team. That there were major irregularities in the calculation. Net Capital Balance (NCB) Company says record supply was not practically possible due to law and order situation in the city; This record, in the circumstances, was deliberate because there was no evidence provided by the company in its written comments. And no explanation was given during the hearing, it was held that the company did not violate the rules of the Net Capital Balance (NCB) rules and the regulation was a serious matter which led the commission to suspend the company. Power. Registration as a broker, but the Commission chose not to use this power commission in exercise of the powers under section 22 of the Securities and Exchange Ordinance, 1969. 300,000 on the Company with advice to promptly take immediate action and to conduct appropriate investigations and procedures to eliminate the occurrence of such incidents, to ensure full compliance with future Commission rules and guidelines. The fine was Rs. The company was also instructed to work in the future
Related judgments — Securities and Exchange Commission of Pakistan, 2013
