As part of its enforcement and regulatory function, the Enforcement Department of the Securities and Exchange Commission of Pakistan (SECP) has passed 34 orders, fining defaulting companies besides issuance of 37 show-cause notices in October, whereas proceedings against five companies were closed with warnings.
The department imposed an aggregate penalty of Rs 9.399 million on listed and unlisted companies in October for non-compliance of various provisions of the 1984 Companies Ordinance.-PR