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IN THE MATTER OF: SHAHPUR TEXTILE MILLS LIMITED versus IN THE MATTER OF: SHAHPUR TEXTILE MILLS LIMITED

Sections 86 (3), 472 and 492 Securities and Exchange Ordinance (XVII of 1969), Section 22 Companies (capital issuance) Rules, 1996, R5 Fines for any irregularities and refusal or failure to comply with any direction. To do The company had shown for the corresponding year that the company's share capital had increased substantially, but a financial estimate analysis made under R5 of Companies (Capital Release) Rules, 1996, showed that the project The implementation was not complete. Financial Estimates The correct case proceeds were not used to disclose the financial estimates presented to shareholders at the time of the acquisition of the right. Instead they have been used to pay directors debt, raising concerns about the status of such company affairs, issued a showcase notice to the company's chief executive and directors, which issued a lawsuit against them. Was asked to explain the violation. Under Section 492 of the Companies Ordinance, 1984, the transfer agents and underwriters, Rolls, 2001 and why, the infringement company's chief executive and directors cannot be fined under which the notice was answered It is acknowledged that the Company said that it was unaware of the Balaters, agreeing to act as an underdog to the Transfer Agents and the Chief Executive of Underwriters Rules, 2001, to the Chief Executive regarding all relevant laws. Full information was expected, caution was taken to caution the situation while law securities By complying with the End Exchange Commission, the Chief Executive and each Director shall have a maximum of 1,000, attorney vs advocate vs counsel from Sehar Baqlas lawyer