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FRONTIER CERAMICS LIMITED: IN THE MATTER OF versus FRONTIER CERAMICS LIMITED: IN THE MATTER OF

Failure to prepare and dispatch sections 245 and 476 quarterly accounts, the implementation of a fine company which is required to prepare and submit to the members under the provisions of section 245 of the Companies Ordinance 1984 and to file simultaneously with the Registrar and Commission Which is added to its quarterly accounts for the corresponding period. Failure to comply with the aforesaid clause, a showcase notice was issued to the same company; in response to the showcase notice, a written explanation was submitted stating that the company was closed and all employees, including the account staff, were discharged. As a result, the Company could not finalize the accounts. Closing of the company's mill, there was no reason for the shareholders not to submit a quarterly account ?? When the company was not working, the directors could easily finalize the accounts and mobilize them as the data could be compiled. Needed less effort. Complying with all legal requirements, but failing to do so, he said that shareholders were wrongfully deprived of their legal rights to receive the company's quarterly account and that its directors, including the chief executive, were deliberately Committed to the default in the preparation, circulation and filing of quarterly accounts, which were eventually established by the record company. Provided quarterly accounts and instead of imposing a maximum fine of Rs 100, 000 on each director, future compliance was ensured, on the chief executive and every director of the company, who was responsible for default. , Was fined Rs 2,000. Arrange \ r \ n \ r \ n law firms from Lasbela lawyer