Iron hand: SECP fines 24 defaulting firms in March

Fining part of SECP's enforcement and regulatory function.

ISLAMABAD:

The Securities and Exchange Commission (SECP) of Pakistan fined 24 defaulting companies in March as part of its enforcement and regulatory function, according to a statement issued by the regulator on Tuesday.

In order to safeguard the interests of investors and stakeholders, the regulator also took action against 49 companies by issuing show-cause notices for non-compliance with various provisions of the 1984 Companies Ordinance.

Published in The Express Tribune, April 6^th,  2011.