INTERNATIONAL MULTI LEASING CORPORATION AND OTHERS versus CAPITAL ASSETS LEASING CORPORATION LTD.
Section 282 L&P VIII (Section 282A to 282M) Companies Court Rules 1997, RR 60 and 61 Armed Forces Civil General Transport Companies and Civil Transport Ordinance (CXII of 2002) Directive Pakistan (1973), Article 185 ()) Consolidation of powers of non-banking finance companies of the High Bank and the Security and Exchange Commission of Pakistan The majority effect of shareholders was to determine the scrap ratio. ? What was the import and importance of the provisions of section 282L of the Companies Ordinance, 1984 and how it would affect the management / merger scheme of a non-banking finance company. Whether such a management / merger scheme could be approved by the High Court, pursuant to the provisions in section 282L of the Companies Ordinance 1984, with Part VIII A and Part IX of the 2002 Ordinance No. CXII Read or in view of the provisions contained in this Ordinance by the Commission of Pakistan through Security and Exchange; whether the section 282L of the Company Ordinance, 1984 was considered, was misinterpreted and misinterpreted. Was gone Whether the question of delimitation has been removed and the High Court has made the right decision and the time for limitation purposes will commence from the date of the merger order or when the merger order will be finalized. Whether the market value of the shares is the only criterion for determining the scrap ratio and the value of its related assets, such as net asset value and profitability, can be ignored. If the required legal majority of the shareholders of the property companies have undivided and uncontrollable powers and advice
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