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FIRST IBL MODARABA versus MRS. RANA AZHAR SAYED


Regulation 7 (7), Ordinance of Provo Companies (XLVII of 1984), Sections 86, 503 and 152 Moderba Companies and Modaraba Rules, 1981, R3 (2) (e) Moderba Companies and Modaraba (Flotation and Control) Ordinance (1980) XXI)), to invest through a Modaraba in an unlisted company owned by special companies under Sections 41, 11, 19 and 20 Companies, under section 152 of the Companies Ordinance of Modurbaba's equity petition Is prohibited to exceed five percent. , 1984, wanted to reform the issuance of the Register of Companies before the High Court as to whether the applicant, which was a Moderba company, was prohibited from investing further in the Company's shares in 2004, under Modbus's Production Regulations. According to the above rules, the investment made by Moderba in an unlisted company cannot exceed five percent of Moderba's equity for the provision of RMS for Regulation 7 (7) of the Prudential Regulations for Moderbas, 2004 and The Prudential Regulations for Moderbus, 2004 was a sub-proposed legislation that was amended by the Companies Ordinance, 1984. The provisions of Act 86 could not be ruled out as to the further release of capital. Applicant's conclusion was invalid, based on the explicit language of Regln 7 (7) of the Moderbas, 2004 Production Regulations, moving the petitioner to apologize for the restriction presented to the first registrar (Moderba). Read. On this and whenever such permission is granted, the applicant company may be entitled to issue further shares in the dispute that the Modified Regulations for Prudential Regulations, 2004 is a by-law, and is subject to the Companies Ordinance

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