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UNITED LINER AGENCIES OF PAKISTAN (PVT.) LTD., KARACHI versus MISS MAHENAU AGHA

Ordinance of Companies 1984 Sections 2 (28) and 89 Constitution of Pakistan (1973), Article 185 (3) Transfer of shares of a private limited company to the State Bank of Pakistan on the sale of the fundamental rights of the existing shareholders / directors of the company No objection to the existing shareholders / directors of the company without offering its shares to the defendants who sold the third party to the plaintiffs and the defendants accepted the sale of the shares on the basis that they agreed to buy the shares. But there are no reports by the Articles of Association of the company, either given to the company secretary or they have a real citizen circle The High Court had dismissed the case under the use of Agarwar, but the Division Bench of the High Court allowed the appeal and, through the Plaintiffs, Pilia claimed that he had no objection from the State Bank of Pakistan. The shares were sold. There is no reason to adopt a different approach to import and introduction, in the context of e-company articles that the current members of the company have agreed to buy the shares and they have the right to own them at a reasonable price. There was also no offer to buy the shares, which was to be determined according to the provisions. Articles Association, and they had previously obtained the right to refuse to buy the right to transfer shares in favor of transfer by the State Bank of Pakistan and the purchase transaction in favor of purchase would not be valid. In connection with the shares that would otherwise have been inappropriate in the Articles of Association, the Supreme Court refused to interfere in the decision passed by the Division Bench of the High Court. law firms from Toru lawyer