ID :
173562
Wed, 04/06/2011 - 14:43
Auther :
Shortlink :
http://m.oananews.org//node/173562
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SECP fines 24 defaulting companies in Pakistan
LAHORE, April 05, 2011 (PPI): As part of its enforcement and regulatory function, the Securities and Exchange Commission of Pakistan (SECP) passed 24 orders in March, fining defaulting listed and unlisted companies.
In order to safeguard the interests of investors and stakeholders and to develop corporate governance culture in the country, the SECP took action against 49 companies by issuing show-cause notices for non-compliance with various provisions of the 1984 Companies Ordinance.
Eighty-two investors' complaints were also resolved during the month.
In order to safeguard the interests of investors and stakeholders and to develop corporate governance culture in the country, the SECP took action against 49 companies by issuing show-cause notices for non-compliance with various provisions of the 1984 Companies Ordinance.
Eighty-two investors' complaints were also resolved during the month.
