Defaulting companies: SECP passes 34 orders in April

As part of its enforcement and regulatory function, the Securities and Exchange Commission of Pakistan (SECP) passed 34 orders in April, 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 20 companies by issuing show-cause notices for non-compliance with various provisions of the 1984 Companies Ordinance. Fourty investors' complaints were also resolved during the month.-PR