Sections 158, 233, 282, M & 476 Non-Banking Finance Companies (Establishment and Regulations) Rules, 2003, R7 (1) (DB) Failure to hold annual general meeting and present annual account and balance sheet. Conduct an annual general meeting for the relevant year, even within extended time. And the directors of the company also failed to present the balance sheet and profit and loss account for the year to the Company at the Annual General Meeting; for the reasons presented by the authorized representative of the Company in the stipulated period, the Merit did not follow. And they didn't. The Company's default directors were responsible for organizing a timely annual general meeting to provide timely information to its shareholders, so as to consider and approve important matters such as account approval, appointment of auditors, selection of directors, performance performance. Could give. Other issues related to the company and the company revealed that the company management had committed such defects in the past, as well as the company's directors' failure to fulfill their assigned responsibility in the company's ordinance. Admittedly, a meeting within the stipulated time period for submission of the company's financial statements and the holding of the 1984 financial statements in connection with the holding of the annual G since the company and its directors were previously fined for non-compliance. , So the company and its directors will take all measures necessary to eliminate inefficiencies in the system. I need to find which prevented the company. Presenting financial statements and scheduling annual general meetings annually, the company's own annual reports and company's
Related judgments — Securities and Exchange Commission of Pakistan, 2011
