MUHAMMAD AMIN MUHAMMAD BASHIR LTD. versus PAKISTAN
Companies Act 1913 Section 34 Karachi Road Transport Corporation Ordinance (XXI of 1959), Preamble Karachi Road Transport Corporation Limited (XXIV of 1964) Transfer of Shares Karachi Road Transport Corporation Limited Private Parts of 34 Persons Buying Private Persons , Companies Act; 1913 provided for the transfer of shares but where a company was incorporated by the process of law and where the dissolution or transfer of the company was also enforced by a later piece of legislation, There is also a provision for section 34 of the Companies Act 19. 3, Some provisions of the Companies Act, 191 will be implemented? Although the section 35, the Karachi Road Transport Corporation Ordinance, 1959 was applied in respect of dissolved corporation, the termination of this corporation was left to the discretion of the Federal Government Corporation which, under the provisions of the Karachi Road Transport Corporation. Was dissolved. Limited (Cancellation) Ordinance, 1964 But nothing was proposed in the cancellation ordinance regarding the procedure for the purchase of shares of private persons.
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