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KASHMIR POLYTEX LIMITED: IN THE MATTER OF versus KASHMIR POLYTEX LIMITED: IN THE MATTER OF

Under the terms of section 158 of section 158 and the ordinance of 476 companies, section 158 of section 158 of 1984, its annual general meeting was mandatory for the conclusion of the year related to the failure of the company to hold the annual general meeting of the fine company, But the company failed to hold the meeting within the stipulated time, notices were issued to the company and its directors, including the chief executive, asking them why they should demand that the Companies Ordinance of 1984 Why read the penalties given under section 15 (4) of section 158. They should not enforce section 767676 of the ordinance. During the hearing, the lawyer of the company's lawyer claimed that the company registered in AJK has no jurisdiction over the company. Meanwhile, the company suffered. At the annual general meeting of the company's financial obligations, the directors of the company could not justify the default. Registered in Azad Jammu and Kashmir, the Company does not fall under the jurisdiction of the Commission; in accordance with the requirements of Section 158 of the Ordinance of Companies, 1984, every listed company shall not be under the jurisdiction of the Commission to hold the annual general meeting. Was not an excuse for At least every calendar year, but in the current case, the company said that the failure of investors / shareholders to comply with the essential provisions of the law, was one of the main objectives of the Companies Ordinance, 1984, because they provided capital. Provided a badge for the formation of / shareholders will be protected by the delivery of timely, appropriate and meaningful information and the Annual General Meeting is an e law websites from Sangote lawyer