DIAMOND INDUSTRIES LIMITED versus M. ZAFAR-UL-HAQ HIJAZI
Sections 265 and 10 Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 Code of Civil Procedure (Amendment) Ordinance (X of 1980), Section 15 Constitution of Pakistan (1973), Article 185 (3) Company Investigation Company The notice of issue was issued under section 265 Companies Ordinance, 1984, to show why the inspector should not be appointed to investigate the matter: non-refund of company shareholders on different parts. Due to various expenses including payment, deviations from memorandum of association etc., the company is facing the Appellate Bench of the Security and Exchange Commission of Pakistan. The appeal was heard in the appeal which was rejected but the company judge later retained the High Court Petition to appeal to the Supreme Court for leave granted under all the orders passed under section 10 (2) section. Under the provisions of the Ordinance 1984, under the Ordinance 1984, the Code of Conduct (Code of Conduct), Ordinance 1980, appeared before the Division Bench of the High Court Order in the present situation, being mutually exclusive in nature. Being under section 15, the Code of Conduct (Code of Conduct) Ordinance, 1980. The only remedy for an intra-court appeal before a division bench was to dismiss the application for leave for failure to retain the appeal and the Supreme Court denied the leave.
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