SECP warns public again against 3A Alliance Pvt Ltd

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) rebuffed a news item, which said that the registration of 3A Alliance (Pvt) Limited has been reinstated and the company has been allowed to work in Balochistan.

“It is to clarify that the aforesaid news item is fake and winding up proceeding is in progress against the company. A show cause notice under Section 301 read with Section 304 of the Companies Act, 2017, has been issued to the company and fate of proceedings shall be decided in due course of time,” the SECP said in a statement issued on Monday.

It reiterated that the company is soliciting unauthorized deposits from the public as advances for purchase of motorcycles and offering huge profits thereon on their deposits, through its franchise offices/service centres in Quetta.

“The general public is, therefore, once again warned to be careful and not to be misled by any unlawful activity by the said company,” the statement concluded.

8 COMMENTS

  1. Hu i am from balochistan i am investor in 3 a alliance quetta , sir my quistion is that if SECP is rejected its licence so he have to take some steps to give back people money they are not giving money back

  2. Sir mean jab se ap logo ni warned kia h . 2 maheno se piaso k lia jata hu ni de raha date p date deraha h .bolta h SECP walo ni account freeze kia h please in logo ka id card passport ur account blocks karo jab tak cash back na hujai

  3. What action you have taken. They looted more than 70billion of rs from balochistani poors. What you can do for its recovery.

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