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HALA ENTERPRISES LTD. versus DIRECTOR (ENFORCEMENT) SECP

Sections 158, 476 and 477 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 Sec R 161 (I) / 2004, 17 3 2004, to penalize the Company for failing to hold its annual general meeting. Failed. For the relevant year, its annual general meeting is held under subsection (1) of 5158 of the Company Ordinance 1984, for the same reason and to its Chief Executive Officer under Sections 158 and 476 of the Company Ordinance 1984. After issuing the showcase notice, he was fined and challenged the order granting the company the opportunity of a hearing in review order against the unspecified order under section 33 of the Securities and Exchange Commission of Pakistan Act 1997. The appeal was favorable, but they only chose to be modified under section 477 of the Companies Ordinance 1984. For logical reasons it was stated that the selection period was visible as there was a need to file an appeal within 30 days of the incomplete order while a revision could also be filed. The Commissioner could convert the amendment to appeal within 60 days, but the record showed that the request for review was not filed within the 30-day time limit set forth in section 33 of the Securities and Exchange Commission of Pakistan Act, 1997 Could go On the contrary, this limitation was subject to the jurisdiction in which the Companies Ordinance should be reviewed and fined under section 158 of the 1984 Act, under which section RO 161 (I) / 2004 dated. 17 3 The Director was assigned under 2004. An unqualified order was approved with eligibility female advocates from Bhan Saeedabad lawyer