Securities and Exchange Commission of Pakistan issues 26 orders, 60 show cause notices
Islamabad: As part of its enforcement and regulatory function, the Securities and Exchange Commission of Pakistan passed 26 orders in May, 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 60 companies by issuing show cause notices for non-compliance with various provisions of the 1984 Companies Ordinance.
In addition, 109 investors’ complaints were resolved during the month.
For more information, contact:
Shakil Ahmad Chaudhry
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +9251 921 4005 or 921 4009 (Ext. 378)
Fax: +9251 920 6459
Cell: +92302 855 2254