Find a Lawyer

MESSRS KARIM SILK MILLS LIMITED; IN THE MATTER OF versus MESSRS KARIM SILK MILLS LIMITED; IN THE MATTER OF

Additional Registrars of Companies 303 and 309 of the Companies related to the company were referred to the Security and Exchange Commission for approval of the terms and conditions of section 309 of the Companies Ordinance 1984, so that they could appear before the High Court for coordination. Submit a request. The Company's business of the Company was suspended from 1993 and the auditors of the Company submitted a negative opinion regarding the annual accounts ending June 30, 2006, which stated that the Company's financial statements as well. The notes form part of it, which did not meet the applicable accounting standards in Pakistan and the failure of the company management to try to start or reopen the business, respectively, indicated that the management Had no intention of continuing his business / proceedings Under the provisions of section 305 of the Companies Ordinance 1984, a company could be injured by a court if it started its business within one year. Or suspended its business for the entire year and if the company is run by such individuals And operates in a manner that fails to maintain a valid and truthful account, or if committed fraud, corruption or misconduct in relation to the Company; under such facts and circumstances, it may be appropriate to initiate action against the Company; In exercising the powers granted under Section 309 of the Ordinance 1984, the Additional Registrar had the authority to file a summit petition in the High Court for the company to be questioned \ r \ n \ r \ n family advocate from Sadiqabad lawyer