SHARIQ IFTIKHAR, CHIEF EXECUTIVE OF DIAMOND INDUSTRIES LIMITED versus
Sections 222, 223 and 224 publicly listed companies were required to file a return of beneficial ownership within the stipulated period under the form prescribed under section 222 (2) (c) of the Companies Ordinance 1984, but failed to impose the ban. Which attracted fines. The provisions contained in section 224 (4) of the Companies Ordinance, 1984, the company had admitted to submitting the said withdrawal, arguing that the default had not been deliberately and willfully and future. I was assured of timely filing of the returns. In response to the question, the offer made by the company secretary was considered and the Security and Exchange Commission agreed with the argument that the delay in filing a return was not deliberately accepted and the company It was strictly cautioned to ensure timely compliance with Section 222. The Company Ordinance, 1984
Related judgments — Securities and Exchange Commission of Pakistan, 2012
