ADDITIONAL REGISTRAR OF COMPANIES, SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN versus MESSRS PAKISTAN NORTHERN INSURANCE COMPANY LIMITED
Sections 305 and 309 (b) (c) of the Securities and Exchange Commission of Pakistan Act (XLII of 1997), section 20 (4) and Schedule Clause 23 eliminate the default in the holding of two annual general meetings by the Registrar of Companies. The application for, after a long time, the passive commissioner approved the filing of the notice on the company, to submit such an appeal and to submit to his lawyer two motions, which, despite the serving of the show notice, were obtained from the validity company. Hadn't been chosen, nor chosen to respond. Nor could the Commissioner request the opportunity provided by the Company not to provide an opportunity for a hearing before the approval of such order; the absence of information about the allegations required for approval and explanation was presented by the Company as an excuse. While admitting the allegations in the showcase notice, Kishore admitted. After the scrutiny the Commissioner had approved the order for filing such application for reasons, the High Court directed the companies to injure the company in accordance with the 1984 Ordinance.
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