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MAHMOOD POWER GENERATION LIMITED AND MAHMOOD TEXTILE MILLS LIMITED versus JOINT REGISTRAR OF COMPANIES AND OTHERS

Section 287, 288, 92 and 93 Alliance of Companies, Approval Plans Application Scheme was that after integration, forming a unit would save management / overhead costs, increase unit profitability, its functions. , Preparation and production will be improved and loan arrangements will be streamlined. Unlike the Joint Registrar of Companies, the unanimous approval of the merger was held at the meetings held by the members of each of the two companies; The authorized capital of a company can be increased. The ordinance, 1984, while in the present case, merging the authorized capital of one company to another capital of another company would be outside the scope of section 287 of the Companies Ordinance 1984 and would result in loss of revenue to the Securities and Exchange Commission of Pakistan. Will be. As per the requirement of accuracy, the authorized capital of each fee company had already been admitted to the Registrar W because such a merger was not betrayed by any corruption, but was done in good faith by the High Court. Replaced such object and approved the proposed merge \ r \ n \ r \ n advocates from Karak lawyer