ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has initiated 42 new show-cause proceedings in July and August due to non-compliance with legal requirements.
During the last two months, the SECP’s Enforcement Department concluded 50 ongoing proceedings against the companies and chief executives, directors and auditors of the companies. Moreover, 19 investor complaints pertaining to non-issuance of shares, non-verification of transfer deeds and non-payment of dividends were decided.
