Find a Lawyer

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

Sections 208 and 472 of making illegal investments associated with the company without obtaining the approval of the shareholders of the company were fined through a commission examination of the audited accounts of the company revealed that the relevant measures showed Rs.775 million and It was stated that no contract was ever approved by the company under the provisions of section 208 of the Ordinance of the Company, 1984 the company could not provide the loan to the affiliated company without repayment under which the provisions of the clause. (b) Subsection (1) of section 208 of section 208 of the Companies Ordinance, 1984 was declared compulsory. It was important that the loan repayment would not be less than the borrower's expense as the company did not have a loan, so it was wrongly assumed that the company could provide the loan to the affiliated company without providing any repayment loan. On any return of supply, it was pointed out that the directors of the company acted in the interest of the affiliated companies. The issue was one where the directors interested in multiple companies had a company at the cost of the shareholders of another company. Had tried to pass on the benefits to the chief executive. And so the directors had violated the provisions of 5208 of the Companies Ordinance 1984 and did not exercise proper care in dealing with the company-related concerns, however, they had made the default acknowledgment and their The reforms were in the process of being restored to default. Instead of imposing a maximum penalty as set forth in section (3) of section 208 of section 208 of the Companies Ordinance, 1984, less online advocate from Kandhkot lawyer