CRESCENT STAR INSURANCE LIMITED vs SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Ss — 2024 CLD 1272 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN

Case information

Citation: 2024 CLD 1272 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN
Year: 2024
Reporter: CLD
Parties: CRESCENT STAR INSURANCE LIMITED vs SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Ss
Provisions referred to: S. 4---I; Companies Ordinance (XLVII of 1984); Insurance Ordinance

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

CRESCENT STAR INSURANCE LIMITED VS SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Ss. 45, 46 & 158---Companies Ordinance (XLVII of 1984) [since repealed], S. 4---Issuance of ordinary shares---Approval of the Securities and Exchange Commission of Pakistan ('the Commission') with certain conditions)---Penalty for false statement in documents (books, records, accounting, reporting etc.)---Contention of the Appellant (Insurance Company) that the impugned order failed to establish "mis-statement" in terms of Ss. 45 & 46 of the Insurance Ordinance, 2000---Held, that said contention was mis-conceived as the Appellant had not denied any aspect of the transactions nor the manner in which they were reported in the financial record---Appellate Bench upheld the impugned order passed by the Commission---Appeal, filed by (Insurance) Company, was dismissed, in circumstances.

Other judgments reported in 2024 CLD

2024 CLD 724 LAHORE-HIGH-COURT-LAHORESheikh MUHAMMAD ANWAR VS JUDGE BANKING COURT S. 20(1)(d)---Offence, punishment for---Pre-condition---Punishment for S. 20(1)(d) of Financial…
2024 CLD 724 LAHORE-HIGH-COURT-LAHORESheikh MUHAMMAD ANWAR VS JUDGE BANKING COURT S. 2 (g)(ii)---Willful default---Scope---Utilization of finance facility for a purpose other th…
2024 CLD 1272 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANCRESCENT STAR INSURANCE LIMITED VS SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Ss. 45, 46 & 158---Companies Ordinance (XLVII of 1984) [si…
2024 CLD 1225 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANMAZHAR-UL-HAQ SIDDIQUI VS HOD, ADJUDICATION DEPARTMENT-I, SECP Ss.134, 143, 144, 145 & 479---Companies (Postal Ballot) Regulations 2018, Reg…
2024 CLD 1532 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANCNERGYICO PK LIMITED VS COMMISSIONER-SUPERVISION DIVISION, SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Ss.33 & 34---Companies Act (XIX of…
2024 CLD 1503 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANSTATE LIFE INSURANCE CORPORATION OF PAKISTAN VS COMMISSIONER INSURANCE Ss. 2(xvi), 122, 125 & 127---Order passed by the Appellate Bench of S…

Back to the case-law library · Search Pakistani case law in Urdu or English