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SCHON TEXTILE MILLS LIMITED versus COMMISSIONER (ENFORCEMENT AND MONITORING) SEC

Sections 305 and 309 Securities and Exchange Commission of Pakistan Act (XLII of 1997), the Company Appellant failed to hold its Annual General Meeting since the formation of Section 33 of Appellant Company, its business was also suspended from 1997 and It did not file a request. In the light of the above facts, the Registrar has not filed with the CRO since the penalties imposed on the company for violating various clauses of the law, in terms of section (b) of section 309 I approached the Commission for approval. A co-ordinance of the Companies Ordinance 1984 to terminate the Appellant Company was issued and a hearing was given, but no one appeared before the Commissioner on the date of the hearing and as a result The Registrar has been approved by the Commissioner in Appellant's Company Care of the Company that legal defaults can be regularized and they were not serious enough to invite such a house. The stringent sentence was essentially abolished, as the company was left with a permanent default according to the required legal requirements, further dispute on the part of the company was that the purpose of the management was to restore the company, but to restore it No plans were submitted even after filing. The appeal to be filed against the company order submitted by the commissioner to the company, appeal cannot be interfered with jobs for fresh advocates from Kandhkot lawyer