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MESSRS CRESCENT STEEL AND ALLIED PRODUCT LIMITED: IN THE MATTER OF versus MESSRS CRESCENT STEEL AND ALLIED PRODUCT LIMITED: IN THE MATTER OF

Sections 208 and 476 The Company's investment in the company affiliated to it and the commitments without the approval of its shareholders, the investment in the companies related to it, approved by the company's shareholders. Not in accordance with the contracts. It was deemed necessary by the Company to verify the extent of the breach of the Committee and the damages resulting from these investments, for which necessary action was initiated under section 208 of the Companies Ordinance, 1984. The cause notice was issued and its directors highlighted this aspect of violating Section 208 of the Companies Ordinance, the company's corporate advisor of 1984 acknowledged the default in relation to investment, but submitted that the company's The interests of the shareholders have not been harmed and this default was not intentional or intentional by the company. The amount was a loan and the fact that the auditor of the Undertak offered the company a related loan to the professional company or was not in accordance with the approval by the shareholders was the responsibility of the directors of the company. The obligations were obligatory and its shareholders' directors must discharge their legal obligation, failing to exercise reasonable care to act honestly and honestly to see that the law. Is violating the mandatory provisions and did not respect the mandate of shareholders' directors. They violated their obligations which they owed the company. Shares by unauthorized transaction of company funds top civil advocates from Chak 4 b c lawyer