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SAGHIR AHMED SOOFI versus MESSRS SAGA SPORTS (PVT.) LIMITED


Section 2 (21), 31, 302 and 152 of the petitioner, whose legal title to the shares of the company was passed on to him upon his death as one of the heirs of the chief executive of the company, section 152, of the Companies Ordinance In its application under, 1984, the Chief Executive sought the transfer of shares of a family-owned private company, Limited, which was then a non-member of the Company Petitioner, that such transfer was infringing. Has been done The Association of Articles of the Company, which gave its members the right to vacate the shares of the proposed company in favor of non-members, was a question as to the current dispute, and if so, the rights of the members. What was created? Such legal interest for the applicant, depending on the provisions of Articles 31 and 302, Companies Ordinance, 1984, was equally inappropriate by the applicant and the applicant did not benefit from this law. Articles 31 and 302 of the Ordinance Petition have stated that instead of assuming the responsibility of the obliged member to do so, in the absence of clear legal intent to the contrary, the member is entitled to the rights of the member as a member. Claiming that, there is a clear need for Section 2 (21) of the Companies Ordinance, 1984, specifying the essential characteristics of a member, so they cannot be ignored, in order to become a member of a company, The holder of such company should also have his name. Although registered in the register of its members, the legal heir of a deceased member became a shareholder in a company for the sake of his legal interest, as long as his name was registered

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