FIRST NATIONAL EQUITIES LIMITED, MEMBER KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED versus
Sections 6, 18 and 22 of the Stock Exchange Members (Inspection of Books and Records) Rules, 2001, Rr 3, 4 and 7 Securities and Exchange Rules, 1971, Rr 3, 5, 7, 8, and the third schedule of the reduction of net capital Balance in Accounting (NCB) Securities and Exchange Commission ordered inspection of books submitted by the inspection team to maintain the books and records submitted by the company, according to company records. Net capital balances accounted for major deficiencies if the Net Capital Balance Securities and Exchange Rules, strict compliance with the requirements of 1971 In the same way, it would have been negative in the sense that by presenting a false net capital balance, the company would not only have received the certificate of registration as a broker but would have increased it even more. Trade exposure thus exacerbating systemic risk in the market Net capital balance as calculated by the company was not in accordance with the third schedule of securities and exchanges. The Rules, 1971 and the Company, submitted their statement by submitting the unconditional Net Capital Balance and gave the information, which they had, in particular, in violation of section 18 of the Securities and Exchange Ordinance, 1969 There was good reason to believe that the material was wrong or wrong. The rules and regulations were a serious matter, in the case of regulatory violations, in the exercise of the powers under section 22 of the Securities and Exchange Ordinance, 1969, the company deposited a sum of Rs. 500,000 (Rs. 500,000). The company was further instructed by Penalty to conduct further ordinances, rules, regulations and regulations.
Related judgments — Securities and Exchange Commission of Pakistan, 2013
