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HAKKIM TEXTILE MILLS LIMITED: IN THE MATTER OF versus HAKKIM TEXTILE MILLS LIMITED: IN THE MATTER OF

Failure to prepare and transmit quarterly accounts to Sections 245 and 476, the implementation of a fine company that has to prepare and transfer its members under Section 245 of the Companies Ordinance 1984 and simultaneously with the Registrar and Commission Had to file accounts, failed to do so. Therefore, in response to the showcase notice, the company issued a showcase notice claiming that the company could not comply with the provisions of section 245 of the Companies Ordinance 1984 because it closed in 1999 when staff and funds were present. Were not Due to late filing in the quarterly account for default, numerous times in the past and similar reasons in compliance with the provisions of section 45 of45 of the Company Ordinance, the company's mill closure did not rotate quarterly There was no good reason to do it. Shareholders account directors could easily finalize and rotate accounts when there was no company requiring less effort to compile data as an operation; the coordination of investors, shareholder protection companies One of the main objectives was, 1984 shareholders provide badges for the company's capital formation. If investors' interests are protected, they will save and invest more. Should investors be provided with timely, appropriate and meaningful information, annual and interim accounts will provide investors with information about company affairs Company's previous track record Company Ordinance, 1984 Section 245 of the Company's section (3) Deliberately and deliberately determined by. Provide quarterly accounts to the Commission, however pakistani advocates Khushab lawyer