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IN THE MATTER OF: DIAMOND INDUSTRIES LTD. versus IN THE MATTER OF: DIAMOND INDUSTRIES LTD.


Section 208 Section RO 865 (I) / 2000, dated 6 12 2000 The company's business dealings with the relevant companies and financing the company without special resolution authorization while examining the company's annual accounts for the relevant year Was observed. Company violated the provisions of section 208 of the Ordinance and made a business transaction by investing in related companies or affiliated businesses without special resolution authority, 1984 the company was aware that it had invested in the respective company Had passed a resolution to do so and there was nothing wrong with that. A nine-year-old resolution was approved for breach of section 208 of the Companies Ordinance, 1984, and the company's final investment by the company in related companies on the basis of a nine-year-old contract. Cannot be considered as an investment made. The number of years was not bringing the duty return to its shareholders: i n the theory of amendments made in section 208 of the Companies Ordinance, 1984, the company had to issue its shareholders a section R865 (1) / 2000 date. Additional information had to be disclosed under 6 12 2000. Such investments are always viewed by the trade transaction company and its management, in the circumstances of the Companies Ordinance under section 208, 1984 by the Companies Ordinance, Section 208 of the 1984, deliberately and knowingly Understandably, the provisions were violated, the company was fined. The next period yields a residual amount, in the eyes of the gentleman, more and more on each director

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