Find a Lawyer

CHIEF EXECUTIVE, BAREX LIMITED versus EXECUTIVE DIRECTOR (COMPANY LAW DIVISION), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

Orders of Companies 1984 Sections 263, 158, 180, 199, 200, 232 and 252 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 of the Appeal Company's Executive Director (Company Law Division) investigating the affairs of the Commission. Before the Appellate Bench) The Chartered Accountant of the Commission has been appointed to investigate the affairs of the Company, which is an Area Investigation which has been identified as conducting the election of directors and against the Companies Ordinance 1984 against SS 180, 199 and 200. The breach consisted of misconduct by the Chief Executive. ; Violations of sections 158, 233, and 252 of the Companies Ordinance 1984, the absence of accounts and appointment of auditors at the Annual General Meeting; disputes relating to transfer and allocation of shares; mismanagement and misappropriation of funds and other matters related thereto. And related matters are justified matters where if a company does not hold an annual general meeting within a fixed time without any special reason then it can be inferred that the company has no interest in protecting the interests of shareholders. Has been The Additional Director was presented with substantial evidence regarding the rejection by the appellants in order to demonstrate compliance with certain legal requirements of the ordinance appellants that the company's affairs were required to constitute a breach of the ordinance investigation. Was. It was in the interest of justice to ascertain the extent of the infringement by the appellant and consequently the appellate bench of the Commission dismissed the appeal on the grounds of prejudice by the minority shareholders. immigration advocates from Qasba Gujrat lawyer