IN THE MATTER OF: MESSRS TRI-STAR POLYESTER LIMITED versus IN THE MATTER OF: MESSRS TRI-STAR POLYESTER LIMITED
Failure to prepare and transfer accounts of Sections 245 and 476 Quarterly, Implementation of the fine company which, under the provisions of Section 245 of the Companies Ordinance 1984, required the creation and transfer of members, as well as the Registrar and the Commission, We also had to file quarterly accounts. The second and third quarters of the relevant year, failing that the Company's failure to comply with the required requirements within the stipulated time was the responsibility of the Company under section 2 (3) of the Chief Section 245 of the Ordinance 1984 Action is needed against the directors. The executive and other directors of the company could neither respond to the issuance notice issued to them, nor appeared on the due date for hearing the matter, nor gave their written explanation of such direct treatment of the directors. It is understood that the company's chief executives and directors had nothing to say in their defense and they deliberately avoided appearing at the hearing prompt, one of the main objectives of the Companies Ordinance, 1984: investors / shareholders. Was that if the interests of the shareholders were protected, they would maximize savings and investment and protect their interests from the delivery of timely, reasonable and meaningful information, annually and interim accounts, Investors knowingly and deliberately submit quarterly accounts about corporate matters. The ray will provide information, it can be inferred that the chief executive and directors failed to protect the interests of the shareholders. The annual account was not as satisfactory as it was before
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