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KARIM COTTON MILLS LIMITED versus EXECUTIVE DIRECTOR (ENFORCEMENT AND MONITORING) SEC

Section 309 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 Approval of approval for suspension of business related business The designated order under the Executive Director filed a writ petition against the Appellant Company from the Joint Registrar. Was approved to do. He said the order was challenged by the company on appeal that the appellant company was an old company and had shown goodwill in the market. The appellant company-sponsored directors had demonstrated their integrity and professionalism by protecting the interests of minority shareholders and filed the law. In an effort to make the necessary return and its annual general meetings within time, in the circumstances before the appellant can be restored, the sponsoring directors are given time to restore the company as requested by the company. Was either by injecting funds or selling them themselves. The company should be involved in another sound business party that should specify the company by the specified time. If the sponsored directors fail to do so, they will be required to voluntarily consolidate the company within 15 days of the extended time. , Which will fail, and the Commission's Monitoring Department may approve the Registrar of the new. File an appeal against the appellant company in a court law inheritance advocates near Hattian lawyer