Failure to comply with the requirements of Section 22 (c) of the Karachi Stock Exchange Listing Regulations, Regulation 16 of the Karachi Stock Exchange Regulation Regulation 16 requires that a listed company make all decisions of its board of directors. Will exchange with the Exchange. At present, the Company fails to comply with the requirements of the Regulation Company from time to time, in the manner indicated by the Exchange, for cash profits, bonus issuance, rights issue or any other entitled or corporate action and other price sensitive information. Fisheye violated Regulation 16 of the Listing Regulations, which, in turn, violated Section 22 of the Securities and Exchange Ordinance, 1969 Company, in its written statement, and its representatives acknowledged that the Company would comply with the Listing Regulation Company. I was unsuccessful. A very well-known commercial bank and one of the top performing companies listed on the Karachi Stock Exchange job Pan was expected to maintain proper systems and proper internal controls that prevented the occurrence of such defects. The company needs to review and strengthen its internal controls and procedures, and in the future it needs to be more careful and careful in spreading its financial results on securities and exchange violations. The ordinance, 1969, was a serious matter, but in view of the fact that it was an inadvertent error due to human error, the need for confession and prompt action by the company to rectify its mistake, unusual trading volume and shares Price fluctuations. , The company's previous compliance record
Related judgments — Securities and Exchange Commission of Pakistan, 2013
