ADDITIONAL REGISTRAR OF COMPANIES versus WHITE HOUSE SECURITY (PVT.) LTD.
Sections 88, 305 and 309 Companies (Court) Rules, 1997, R75 Banking Companies Ordinance (LVII of 1962), Section 27 Companies Appeal for Violation of Section 88, 1984 Applicant alleges that company violated Was receiving deposit from the general public, was involved in the Ordinance of Companies, Section 88 of 1984 and engaged in banking business. The company did not start the business for which it was formed and the quantity of investors was at risk. There was no option but the court. Petition was allowed in the event of termination of the company
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