HAMID TEXTILE MILLS LIMITED versus EXECUTIVE DIRECTOR (ENFORCEMENT), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Failure to submit the quarterly account to the company within a period of time, in accordance with the provisions of section 33 companies ordinance (XLVII of 1984), section 245 and section 245 of the ordinance 1984 of 476 companies, within one month Needed to prepare and move. Close to the relevant quarter for shareholders, stock exchanges, registrars and commissions; but did not file an account after a delay of 20 days at the end of the commission's fixed term and each of the 25 on the chief executive officer under a designated order. , 000 was fined. And the company's directors' preparation of quarterly accounts and their circulation was one of the legal responsibilities of the management of the company, which required serious efforts to ensure compliance with the law record, was not ideal. Which showed that it had nothing to do with the provisions of the Companies Ordinance, the company's 1984 forecast was that the quarterly accounts could not be prepared for the corresponding year due to the delay in the completion of the quarterly accounts. ? The quarterly accounts were submitted half yearly before the accounts were presented. In the default state of the company, the executive and the director of the commission had already relaxed by paying a fine of Rs 25,000 when the chief executive officer and directors. The maximum fine could have been Rs 100,000 when in the absence of any place to interfere with the unknown order, the appeal was dismissed. \ R \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2013
