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MESSRS ZAHUR COTTON MILLS LIMITED: IN THE MATTER OF versus MESSRS ZAHUR COTTON MILLS LIMITED: IN THE MATTER OF

Section 160 246 and 476 Annual General Meeting Held Annual General Meeting by Members of the Company Holding Penalties for Not Submitting Notice of Meeting to Commission and Company Members, But Neither Commission's Notice to Meeting Nor were copies of the newspapers in which the notice company was published failing to comply with the circular requirements of the Commission on the exercise of powers under section 246 of the Companies Ordinance; In terms of section 160 (1) (a), the special business was dealing with trans. Ordinance, 1984 Company was informed of the relevant provisions of law contained in section 160 (1) (a) of the show cause notice of Company Ordinance 1984, where a particular business was to be transacted at a general meeting. Will go The notice of meeting with the statement describing all material facts relating to such business was intended to be attached to the statement of material fact that all the memorandum of the company should know what the nature of the business matters were at the meeting. So that they can make up their mind to attend this meeting and make informed decisions, depending on the nature of the business from their point of view. Effectively exercising their rights A proposal was made to the CEO authorized to discuss and sell assets to pay obligations in the current case or to lease the entire asset to the company. No details of the transaction were provided to the shareholders for their consideration and proposal. At the meeting, the Companies Ordinance did not comply with Article 160, the default of 1984 was established. attorney vs advocate vs counsel from Khuzdar lawyer