TAHIR HASSAN versus EXECUTIVE DIRECTOR (E & M), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Sections 245 and 196 Securities and Exchange Commission of Pakistan (Appellate Bench Procedure) Rules, 2003, R3 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 Half yearly failure to prepare and dispense accounts, fine under the provisions Implementation of the Company Under section 245 (1) (b) of the Companies Ordinance, 1984, half a yearly account was required to be prepared and sent to its members. After issuing showcase notices to the company and the company's directors, the commission's respondents / executive director (E&M) fined each of the chief executives Rs 50,000 and the company's directors issued showcase notices to the directors and The company and the company's chief executive, but not the chief executive, were fined, could not be prosecuted, under the provisions of Sections 245 and 196 of the Companies Ordinance 1984, there is no difference between the executive directors. Was and non-executive director of the Companies Ordinance, 1984 for violation of Section 245 Trusters and all of these directors are held responsible because the company's director did not attend the board of directors, so he will not be responsible for it. Companies Ordinance, 1984 Section 245 violation was banned, well, to the extent of the Chief Executive Officer, in the circumstances \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2011
