CallMate auditors row brought SECP in

Posted: September 28th, 2006 | Author: | Filed under: News | Tags: , , | 9 Comments »

SECP has raised objection on CallMate’s removal of AF Ferguson & Co as its external auditors. In a letter written against CallMate’s notice of Extra-Ordinary General Meeting (EOGM) for removal of AF Ferguson as auditors and appointment of new auditors, SECP has ordered CallMate to provide explanation of their allegations against the auditors and to furnish revised statement including all deficient material.

(click on images to enlarge)


SECP Letter to CallMate




SECP Letter to CallMate



9 Comments on “CallMate auditors row brought SECP in”

  1. 1 mughees said at 3:31 pm on December 11th, 2006:

    I Fully support the decision made by the Management of CTTL,as the law permit the management to remove the existing auditor in EOGM.
    I think all the controversy is because the removed Firm is the well known top audit firm in Pakistan.

  2. 2 Ammar Murtaza Jaffery said at 2:34 am on January 5th, 2007:

    Such hollow allegations are raised just to defame the firm(A.F.F) Although managemnt has a clear right to remove the auditors but credibility and professional status of A.F.Ferguson (PWC) should not be underestimated.

    I believe A.F.Ferguson(PWC) is a professionally organized firm and it can resolve such fake allegations amicably raised by other dis-organized companies.

  3. 3 Ammar Murtaza Jaffery said at 3:16 am on January 5th, 2007:

    Comment-3
    By Ammar Murtaza Jaffery

    The allegation raised by C.T.T.L’s management against A.F.Ferguson is nothing but a childish blame.
    Beacause SECP has also criticised the CallMate’s removal of A.F.Ferguson & Co as its external auditors and has ordered CallMate to provide explanation of their allegations against the auditors.
    C.T.T.L’s management is employing non-professional & anti-social means to defame the firm(A.F.F).

    A.F.Ferguson(PWC) is one of the leading auditing firms all over the WORLD and it has better professional knowledge & strong legal authority to resolve the case.

  4. 4 mian khalid toheed said at 8:07 pm on December 11th, 2007:

    please let me know, that when will the service of callmate co. be start?

  5. 5 Muntazar Bashir said at 12:42 pm on May 28th, 2008:

    CTTL was blind to the quality advice it was receiving and behaved arrogantly as to how dare somebody call them wrong. Removing the auditor is easy but in reality the owner managers of CTTL have not become wise to listen . Profits have clouded their judgemment.

  6. 6 jahangir arif asp said at 1:51 pm on October 8th, 2008:

    who is the responsibl the losse of invester in callmate share

  7. 7 Muntazar Bashir said at 10:08 am on December 14th, 2008:

    The management of the company caused all the chaos and is resposible

  8. 8 azhar said at 3:19 pm on November 20th, 2010:

    Please Reopen this sheer in stock exchang in pakistan, all people loss your company,

  9. 9 khan said at 11:57 am on December 25th, 2010:

    please issue sold the stock exchang

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