ILYAS SAEED & COMPANY, CHARTERED ACCOUNTANTS versus
Irregularities in the calculation of books and records of Sections 6, 18 and 22 of the Stock Exchange (Inspection of Books and Records) Rules, 2001, Rr 3 and 4 Net Capital Balance (NCB), which was a member of the Company, Must be maintained. Registered with the Stock Exchange and the Commission as a Broker, they were inspected by the Commission Inspection Report Order submitted by the Inspection Team, major irregularities in the Company's Net Capital Balance (NCB) calculation. Was exposed seed calculation was confirmed and verified. If the Company stated that \ NCB was calculated in strict compliance with the requirements of the Securities and Exchange Rules, 1971, it would have been in the negative if the Company did not apply the necessary measures to verify the said NCB. And they didn't know the significance of the NCB. The systemic risk resulting from the over statement under NCB certified by the Company was not in accordance with the Third Schedule to the Securities and Exchange Rules, 1971, when it provided a statement stating that it was false or inaccurate in the material details. There was good reason to do so and the violation of the Securities and Exchange Ordinance, 1969, was a serious matter in violation of the rules. In exercise of the powers under section 22 of the Securities and Exchange Ordinance, 1969, the Company was directed to submit a commission of fifty thousand rupees by the penal company, and to ensure compliance with the ordinance, rules, regulations and full compliance. Was instructed. Future commission guidance \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2013
