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DADABHOY CONSTRUCTION TECHNOLOGY LIMITED: IN THE MATTER OF versus DADABHOY CONSTRUCTION TECHNOLOGY LIMITED: IN THE MATTER OF

Sections 196 and 476 Purpose and purpose of Sections 196 and 476, Companies Ordinance, 1984 Applicable sales cell plant and machinery without the prior approval of the shareholders of this company were revealed to be inspected for the respective year of the company's annual accounts. This company sold its entire plant and machinery without the prior approval of the shareholders under the provisions (a) of section 196 (section 3) of section 196 of the Companies Ordinance 1984, section 196 of the Companies Under the 19 (4) Showcase Notice Ordinance, 1984, was presented to all the directors, including the Chief Executive of the Company, in which he was appointed Tax and company have been offered to explain his position to the representatives from all the directors, the default has been accepted and that the company was ready to confirm the default. The next General Meeting of the provisions of section 196 (3) (a) of the C, the Opinion Ordinance, approved by the shareholders, was when the directors' shares were intended to sell any part of the company or a major shareholder. Consult the winners and its directors did not provide any evidence that they had complied with the requirements of the law. Under the provisions of section 196 (4) of the Companies Ordinance, 1984, the directors of the company were liable to punishment, however, considering the fact that the proceeds from the sale of the assets were used to pay the company's obligations. And the fact that the administration was making efforts. Instead of imposing a maximum fine of Rs.1,00,000 on each director restoration of the company, the chief executive of the company was fined Rs 50,000 under the provisions of section 196 (4) of the Companies Ordinance 1984 and top advocate from Battagram lawyer