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SECP issues 26 orders, 60 show cause notices
ISLAMABAD : As part of its enforcement and regulatory function, the Securities and Exchange Commission of Pakistan (SECP
ISLAMABAD: As part of its enforcement and regulatory function, the Securities and Exchange Commission of Pakistan (SECP) passed 26 orders in May, fining the default 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 also resolved during the month, said a statement issued here.
Copyright APP (Associated Press of Pakistan), 2011
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