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IN THE MATTER OF : MESSRS TRI-STAR POWER LIMITED versus IN THE MATTER OF : MESSRS TRI-STAR POWER LIMITED

Failure to prepare and transfer Section 245 quarterly accounts Implementation of a penal company which was required to prepare and dispatch members under the provisions of section 245 of the Companies Ordinance, 1984, as well as the Registrar and Commission The pass also failed to submit its quarterly accounts for the corresponding year. He said that the showcase notices have been presented to all the directors including the company's chief executive, but he did not respond to the showcase notice nor did any hearing come up on the date of the hearing nor any explanation on his bailiff. Received. One of the main objectives of the Companies Ordinance of 1984 was to invest / shareholders; if the interests of the investors were protected, they would be able to save the most and their interest through timely, appropriate and meaningful information delivery. Annual and interim accounts were to provide investors with partner information, but company directors were not observing that the company's default company law requirements were deliberately and intentionally. And it can be legitimately assumed that the chief executives and directors are the company's shareholders. Had failed to protect the factions. The quarterly / half yearly accounts were also unsatisfactory, instead of imposing a maximum fine of Rs 100,000 on each director to compensate the company, and instead paying a thousand rupees a day for a permanent default. , There were fewer fines imposed under it. (3) Section 245 of the Ordinance of Companies relating to the Chief Executive and Directors of the Company list of supreme court advocates from Dinga lawyer