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IN THE MATTER OF: M/S. HUFFAZ SEAMLESS PIPE INDUSTRIES LIMITED versus IN THE MATTER OF: M/S. HUFFAZ SEAMLESS PIPE INDUSTRIES LIMITED

The appointment of directors without the written consent of the commission of the commission, examining the records of sections 178, 184, 186 and 476 companies, found that the company, which was a public limited company, had appointed four directors in the United Arab Emirates. Had achieved without them. Consent written under section 184 of the Companies Ordinance, 1984 and its directors, at the time of selection, the ordinance of the companies, 1984 does not appear in the notice of meeting the number of directors determined under subsection (2) of section 178 of the company. What was Legal default was recognized, but it claimed that the errors were due to a misunderstanding in interpreting the relevant provisions of the law and that the four directors, who were appointed without written consent, were foreigners. And despite the company's persistent conviction, he had no consent. Received, but they remain in good faith and in the broader interest of the Company's Chief Executive, however, Mpani assured that the Company will comply with the Company's requirements in the future even though the Company is predetermined and recognized. But in view of the company's assurance that it would be complied with the requirements of the law in the future, the idea of softening was taken and instead of imposing a maximum fine of Rs 10,000 on all the directors of the company, the chief executive And the company secretary was fined only Rs 5,000 as per section 186 of the Companies Ordinance section 476 Was read, the company's other directors were consulted. In the future, he is careful to comply with the law patent advocate from Sihala lawyer