KHAWAR ALMAS KHAWAJA versus EXECUTIVE DIRECTOR (ENFORCEMENT), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
The Ordinance of Section 33 Companies (XLVII of 1984), Section 204A (2) and 498 Companies, the Commission failed to appoint an Independent Share Registrar under Section 204A (2) of the Ordinance 1984, the Executive Director of the Commission (Enforcement) On an unspecified order, the company was fined Rs 200,000, which had filed an appeal against the unclean order. The share registrar was appointed for good corporate governance, which was responsible for keeping the company's shareholder registry up-to-date, distributing shareholder communications and so on. Demand for profit payment, etc., is the end of the company, which continues with the default management of the appointment of an independent share registrar. And since the current administration was not aware of the legal requirements, it was repulsed because there was no excuse for not knowing the law, someone was bound by some law, even if no one knew it, the management of the company. Responsible for being vigilant of applicable laws and the CEO of the companies responsible for running the affairs of the company, and it is his responsibility to ensure that all legal requirements are met by the Executive Director of the Commission (Enforcement ). Under the section 498 of the Company Ordinance, 1984, only a small theory in the unclean order to impose a fine of Rs 200,000 on the company, does not interfere with the order in the appeal, instead of a fine of more than Rs 1 lakh on every director of the company. Can be , Under the circumstances \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2013
