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IN THE MATTER OF: MESSRS AYAZ TEXTILE MILLS LIMITED versus IN THE MATTER OF: MESSRS AYAZ TEXTILE MILLS LIMITED

The failure of the Company to hold the Annual General Meeting of the Fine Company under the provisions of Section 158 (1) (4) and Section 158 of the Section 158 of the 1984 Ordinance of the 476 Companies shall hold its Annual General Meeting for the year ending Had to do. On or after September 30, 2004, on January 31, 2004, but failed to comply with the Company's mandatory requirement, the Company and its directors under Section 15 (4) of Section 158 of the Companies Ordinance 1984 Action was required against. Company representative predicted that the Annual General Meeting could not take place due to the closure of the Company; there was no good reason for the Annual General Meeting to be held at the company's meeting, which was held in the company's past directors. I was the default, too. There was a serious setback in not even submitting quarterly accounts, responsible for holding the annual general meeting, even if the company intends to resign, it is still the director's responsibility to prepare the annual accounts. And schedule the annual general meeting within the stipulated timeframe in which the provisions of section 158 of section 158 of the Companies Ordinance 1984 were established, however, in view of the financial crisis. The company suffered the mid-intention of the directors of the companies to suspend, softened and instead of imposing a maximum fine of Rs 50,000 on each director and imposing a further fine of Rs 2000 daily on a permanent default. , 20,000 tea was fined but the company's chief executive and other directors complained that they would be obliged to follow the prerequisites of the law. criminal advocate from Kotla lawyer