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IN THE MATTER OF: MESSRS GENERAL TYRE AND RUBBER COMPANY OF PAKISTAN LIMITED versus IN THE MATTER OF: MESSRS GENERAL TYRE AND RUBBER COMPANY OF PAKISTAN LIMITED

Failure to circulate Section 218 shareholders, implementing summary judgment on increase in chief executive's compensation, while examining the financial statements of the company for the relevant year, noting that the company's chief executive's compensation was Rs. Has been enhanced by. According to the requirements of subsections (1) and (2) of section 218 of the Companies Ordinance, 1984, company representatives from $ 059 million to $ 330 million without notice to the shareholders replied in response to the showcase notice that no Not a big difference. The current terms of the chief executive's appointment and this was the usual annual increase, the chief executive's compensation was increased by more than 50%, delegates were asked to provide documentary evidence, meaning the contract rejected such an annual increase, But he failed to do so and eventually admitted that the company had defaulted in section 218 of the Companies Rd. Nance, 1984 default was established, however, in view of the company's past track record, in this case. Taken with a gentle eye, the company and its secretary are fined Rs 5,000 each. The company was fined 5,000 rupees. Only \ r \ n \ r \ n property advocate from Jampur lawyer