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IN THE MATTER OF: MESSRS SERVICE FABRICS LIMITED versus IN THE MATTER OF: MESSRS SERVICE FABRICS LIMITED

Failure to prepare and submit a quarterly account to a section 245 company, the application of the fine company in which the provisions of section 245 of the Companies Ordinance, 1984 were required to be prepared and transmitted to the members, as well as to the Registrar and Commission Failure to comply with the Company's stated requirements for failure to comply with the required requirements of law and compliance with the Company's stated facts, quarterly accounts for the second quarter of the year , The essential provisions of the law did not prove that the default was out of control, quarterly Responsibility for the preparation / circulation of knots. Relaxed with company directors and had to take appropriate action at the right time. Protecting the interests of investors / shareholders was one of the main objectives of the Companies Ordinance 1984, if the interests of the investors were protected, they would save and the interests of the more invested shareholders were protected by transmutation. The annual and interim accounts of the timely, reasonable and meaningful information provided to investors can provide investors with information about the affairs of the Company's Directors, in the present case, not observing the law's essential requirements, Establishment of section 245 of the Companies Ordinance, 1984 (as defined under (1)) Was brought, in view of the impasse given by the directors of the company that the profit and loss account and balance sheet of the company will be filed in the second quarter of the corresponding year and their assurance is in strict compliance with the law and Requirements for timely submission of accounts power of attorney advocate Rahimyar Khan lawyer