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IN THE MATTER OF: MESSRS MUBARAK DAIRIES LIMITED versus IN THE MATTER OF: MESSRS MUBARAK DAIRIES LIMITED


Sections 158, 233, 234, 245, 472 and 495 directed the default and other irregularities in the company's account to be canceled, the Securities and Exchange Commission's Enforcement Department said in a related report. Said after checking the financial statement. As provided by the Company's auditors, some errors and omissions were found but such audit accounts were not made in accordance with the requirements of Section 234 of the Company Ordinance, the 1984 case was taken up with the Company's auditors, Admitted that the Company did not reflect a fair and fair view of the Company's affairs for the relevant year. The company's auditors were fined for their misconduct. The company failed to enter its annual audited account and enter the quarterly account at its annual general meeting. For the Commission of the First, Second and Third Circles, under the circumstances, this directive is deemed to have been issued under section 4772 of the Companies Ordinance, 1984 on the annulment of the Company, on which the Company is given certain days. I was required to request a good default on annual and interim accounts, but the company did not respond to the notice. One of the key objectives of the Companies Ordinance, 1984, as investors / shareholders provided badges for capital formation, was that they had no direct control over the company, except that they chose directors for a three-year term. And hand over matters. In the expectation that the Company will carefully regulate the Company, the shareholders of Sections 233, 234 and 245 of the Ordinance of 1984

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