SHADAB HASSAN AND ANOTHER versus COMMISSIONER (SPECIALISED COMPANIES DIVISION), SEC
Sections 282J (1), 282K & 282M (1) Non-Banking Finance Companies (Establishment and Regulations) Rules, 2003, RR 5 (6) and 7 (1) (a) Securities and Exchange Commission of Pakistan Act ( XLI (1997), the section 33 qualifications referred to by the auditors in the Company's accounts concerning the implementation of the Appellant Company's fine audit accounts for the relevant year revealed that the auditors had commissioned the various competencies. Indicated that, after giving the Appellants an opportunity to be heard, the Company had a correct and fair view of the Company's affairs for the relevant year, regarding its annual accounts. Yash has not been fined and company law, Section 1984 of one thousand to each director of the Company under section 282 J 28 (1), Rs one lakh (Rs million). The company's directors filed an appeal against the commissioner's order. The appellants had initially raised objections that the Commissioner did not approve the imposition of a fine because no word had been imposed in the words of the decree. Was used and the Commissioner immediately directed the appellants to submit a fine as there was no room for the decision to be set aside due to lack of a single word of judgment when the whole decision made it clear. The appellant was violated. Applicant Company, being a listed company, was fined under section 282J of the Laws and Companies Ordinance, 1984, and it also managed mismanagement during the extension period. It was the duty of the Company to be a member of the Board of Companies, whether it be a non-executive director, designated director or a minority director, causing concern.
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