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IN HE MATTER OF: MESSRS KOHINOOR POWER COMPANY LIMITED versus IN HE MATTER OF: MESSRS KOHINOOR POWER COMPANY LIMITED

Sections 208, 476 and 495 Unauthorized Investing in Related Company Implementation of the Chief Executive and Directors of the Company in Failure to comply with the Commission's directive, in relation to investing under section 208 of the Companies Ordinance 1984 Unauthorized investment made. Shareholders and the heads of this authority were abused by the directors because they invested in the company's funds without the approval of the shareholders in the company concerned and, moreover, under section 495 (1) of the Commission's instructions. Showcase notices for no reason. The Companies Ordinance, 1984, served on the company's chief executive and directors, but after allowing a strict extension to submit a response, the company failed to respond; the chief executive was given a chance to be heard, company manager corporate affairs The directors of the company appeared to dispute the chief executive and all the company's directors, subject to them. It was analyzed, but did not find it satisfactory that the default was established by the subsequent annual audit account for not following the Commission's instructions, section 495 of the Companies Ordinance 1984 (1) ) The director was responsible for fines. However, considering the fact that the management is trying to restore the company, instead of imposing a maximum penalty, it should exceed 50 thousand and the constant non-payment of more than two thousand fine per day. In compliance. Such non-compliance shall continue with the Chief Executive and every Director as set forth under Section 495 (1) of the Companies Ordinance 1984, each diary when you need a advocate from Gohar Ghoushti lawyer