USMAN TEXTILE MILLS LIMITED: IN THE MATTER OF versus USMAN TEXTILE MILLS LIMITED: IN THE MATTER OF
Sections 177, 186 and 476 Failing to elect the directors of the company The last selection of directors of the company was held on March 26, 2002 to select directors for a 3-year term, which ended March 26, 2005. The company had to make a new selection of directors on or before March 26, 2005, but ongoing directors not only failed to hold elections on or before the appointed time but also failed to report the obstacles within fifteen days. The showcase notice was presented to the directors of the company required under Section 177 of the Companies Ordinance, 1984, but they failed to respond to the cause notice despite giving due notice and no date of hearing was postponed. Didn't even appear. The directors acknowledged the fact that the directors 'election was not made within the stipulated time, and that the directors had sent to the companies registrar to report to the company, but in this regard the council acknowledged that the directors' election This could not be due to circumstances beyond the control of the company and he submitted that the company had finalized its annual audit accounts for the last three years and planned that its due annuity general. Be held on At a meeting in January 2007, the selection of company directors was implemented, and the directors involved were instructed to take immediate steps to select the company's directors and, in the event of obstacles, circumvent them. The registrar should have been notified about. Companies, but they keep in mind the fact that directors are now doing everything
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