MONNOO INDUSTRIES LIMITED versus EXECUTIVE DIRECTOR (CLD), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
The ordinance of Section 33 companies (XLVII of 1984), investments in affiliated companies without the special registry authority of Sections 160, 208, 236 and 476, stated that $ 516 million was disclosed due to related annual work. Hai Company's audited accounts of the company admitted in the default and requested an apology for the same company, which stated that it did not present any breach of the breach, which the Companies Ordinance 1984 Attracted the provisional provision contained in 160 (8) (b). In related companies, without special resolution under section 208 of the Companies Ordinance, 1984, shareholders may change the matter or regulate the investment by passing a special resolution, thereby disobeying section 208 of the Companies Ordinance 1984 But the shareholders will not be able to recover from the penalty. The lotion was not conceived by the ordinance approving the fact of investing in a related company through a special RSO. And as a result, the default verification companies will not waive the company in compliance with section 208 of the 1984 Ordinance; the order imposing a penalty on the company and its directors does not, in the circumstances, interfere with the appeal. Can go
Related judgments — Securities and Exchange Commission of Pakistan, 2012
