Applicants claiming assets and company earnings of Sections 290, 291 and 292 claiming to be entitled to income and income from the Company's project and alleged that the respondents had the same legitimate property, assets and company. Are seizing and seizing the revenue of It belonged solely to the shareholders, had no interest, title or title to it or the property in question was belonging to the company and its assets and it was the company which acquired it. Was also entitled to income. Regardless of such assets, whether the property under question was fully provided for by the shareholders of the company, even by unanimous decision it cannot deal directly with the assets and income of the company itself. Even though they are the owners, although the shareholders will eventually be entitled to the benefit of income through payment of profit, two things (i.e. dividends declared in favor of the company's earnings and shareholders) are separate and distinct rights and obligations in the law. The stripes were prepared under the terms of the agreement. The parties to the property and income from the property were unenforceable in the law, even though the provisions of the agreement which could have such effect were neither enforceable nor any of the parties to any of the charges. There may be no legal complaint against the other in this regard. Violations of the contract in question respond The respondents could not enforce the contract in question under section 290 of the Companies Ordinance, 1984, on behalf of the applicants or on the basis of their support and action by the applicants' order.
Related judgments — Karachi High Court Sindh, 2013
