ZAHID NASEER versus THE STATE
Ordinance of Companies 1984 Sections 284 and 287 The purpose of the economy of alliance and merger scales, the acquisition of companies was done by the same business and they were being controlled and managed by joint management. The interests of shareholders and directors were shared and this There was no need to maintain two separate ones. And the purpose of the merger of specific registered offices was to achieve economies of scale and to move the business in the most economical and efficient way, and to reduce unnecessary administrative costs, the directors of both companies had no objection to the merger / consolidation of it. Accordingly the request was allowed.
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