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PAK ASIAN FUND LIMITED: IN RE versus PAK ASIAN FUND LIMITED: IN RE

Companies Ordinance 1984 Section 97 Questions on Confirmation of Decrease in Capable Capital Shares Questions said that a proposal of 50 per cent reduction in Section 97 Authorized Shares Capital was presented through a special resolution at the Board of Directors' meeting, which only shares Were holders. The company's notice was published in two newspapers, one in Urdu and the other in English, and was also published in Pakistan's Gazette, with no one appearing to oppose or contest the request. Registrar, Joint Stock Companies And notice was also issued to the Corporate Law Authority. The proposed reduction was fair, fair and reasonable and it was unlikely to affect the interests of the shareholders who resolved the proposal on their own to reduce the share capital, which was confirmed in the circumstances. law firms from Hyderabad lawyer