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AZEE SECURITIES (PVT.) LIMITED vs COMMISSIONER, (SMD), SECP, ISLAMABAD S — 2021 CLD 28 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN

Case information

Citation
2021 CLD 28 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN
Year
2021
Reporter
CLD
Parties
AZEE SECURITIES (PVT.) LIMITED vs COMMISSIONER, (SMD), SECP, ISLAMABAD S
Provisions referred to
S. 40

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

AZEE SECURITIES (PVT.) LIMITED VS COMMISSIONER, (SMD), SECP, ISLAMABAD S. 40a---Penalty for violations of rules, regulations, directives and notifications---Non-mentioning of specific provisions while providing opportunity of hearing--- Effect--- appellant had violated the requirements of Reglns. 3, 4, 6, 13 & 14 of the Securities and Exchange Commission of Pakistan (anti Money Laundering and Counter Financing of Terrorism) Regulations, 2018, though the Commissioner of Commission had not specifically mentioned the aforesaid provisions in the impugned order---Validity---Held; violated provisions should have been mentioned in the impugned order, however, non-mentioning of specific provisions did not vitiate the proceedings when, otherwise violations were duly mentioned and established.

Other judgments reported in 2021 CLD

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