Section 224 Companies (General Provisions and Forms) Rules, 1985, R 16 Purchase and sale transactions by the director of the company, the tender profits obtained by such transactions failed, the benefit offered by the company director. Profitability of the mandated property was demonstrated that the Director made the purchase and the sale of the companies (General Provisions and Forms) Rules 1985 was made in less than 6 months and earned Rs. 995,000 in less than six months, But the issue of increase in these shares was not reported in the director's section. Of the returns of beneficial property filed by the Commission for the transaction referred to thereto, neither its tendering nor recovery was given to the Commission as provided under Section 224 of the Companies Ordinance, 1984. Says he was unaware of these provisions. The Ordinance of Companies, Section 224 of 1984, was canceled in view of the fact that it was stated that the directors of the Company were on the Board of Directors, that any benefit under Section 222 of the Companies Ordinance, 1984 When filing a return of ownership, 1984 stated that a list created by the provisions of section 224 of the Companies should be aware of the duties and liabilities of the director of the company. Ordinance, 1984 Even otherwise there was no excuse for not knowing the law. The director requested the exemption of tender profitable money which could not be considered because under the Companies Ordinance, 1984, the commission was not authorized to Forgive the amount of preferred profit. Calculate the amount received in the light of the method which is required to be tendered according to the scheme provided in law
Related judgments — Securities and Exchange Commission of Pakistan, 2011
