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INAYATULLAH KHAN NIAZI versus ADDITIONAL REGISTRAR OF COMPANIES

Request for Correction of Registers of Members of Sections 9 (3), 152, 73 and 263 Companies Resolution Petitioner in Controversial Matters Among the Jurisdictional Parties of the High Court, filed under Section 152 of the Companies Ordinance 1984 I called for a correction of the members registers. A company which was a public company limited by shares and incorporated in 18 2 1990. The petitioner alleged that the plaintiff's members of his family were allotted shares in the company's assets without any cash or kind contribution. After transferring the 14,000 shares previously allocated by another person and his family to the previous administration, the respondent has issued himself 250,000 shares of cash or types of Rs 100 without any membership in the company. What. He committed the fraud on the company by disposing of his assets in the form of a daily newspaper announcement by the respondent without transferring the benefit of the contract to his son. That the ordinance of all the transaction companies was against the essential provisions of section 73 of the 1984 Act. The Registrar of Companies, Securities and Exchange Commission of Pakistan illegally adjusted the return of allotment of shares worth Rs. 2, 50 00,000. That the two registrations of allotments filed with the Registrar may not be rejected nor can the actual receipts of the assets be reflected by the company in the form of cash or any property. Responding to the relevant provisions of the Company Ordinance, 1984, the respondents further increased the amount of capital issued by the company and received additional money from different persons without the permission and permission of the present directors. inheritance advocates near New Saeedabad lawyer