Monthly Report-July

Securities and Exchange Commission

Enforcement Department

Monthly Report

5 August 2004

 

The Commission during July 2004 took following enforcement actions:

 

Sl. No.

Date

Nature of default/Appeal

Commissionís decision

01

14.7.2004

Failure to pay off the dividend declared by Anlima Yarn Dyeing Limited within 60 days of declaration in terms of the erstwhile CCIís Notification No. SRO. 385-Law/91 dated 15th December 1991, being the order made under section 2G of the Securities and Exchange Ordinance, 1969.

 

Letter issued with warning to comply with all securities laws in future.

02.

14.7.2004

Failure to pay off the dividend declared by Bangas Limited within 60 days of declaration in terms of the erstwhile CCIís Notification No. SRO. 385-Law/91 dated 15th December 1991, being the order made under section 2G of the Securities and Exchange Ordinance, 1969.

 

Letter issued with warning to comply with all securities laws in future.

03.

14.7.2004

Failure to pay off the dividend declared by Tallu Spinning Mills Limited within 60 days of declaration in terms of the erstwhile CCIís Notification No. SRO. 385-Law/91 dated 15th December 1991, being the order made under section 2G of the Securities and Exchange Ordinance, 1969.

 

Letter issued with warning to comply with all securities laws in future.

04.

14.7.2004

Failure to pay off the dividend declared by Mithun Knitting & Dyeing (CEPZ) Limited within 60 days of declaration in terms of the erstwhile CCIís Notification No. SRO. 385-Law/91 dated 15th December 1991, being the order made under section 2G of the Securities and Exchange Ordinance, 1969.

 

Letter issued with warning to comply with all securities laws in future.

 

 

 

Mansur Alam

Executive Director