Failure to hold an annual general meeting of a penal company requiring its annual general meeting within the stipulated period under section 158 (1) of the Ordinance, 1984, of the Articles 158 and 476 Companies, fails to comply with the mandatory provision of law Accounts providing information to investors about the affairs of the companies are held at the Annual General Meeting, and such a meeting was a forum where investor accounts were approved, the appointment of auditors, the important issues related to the selection process were independent. As well as discuss, communicate and vote. Directors, etc. The directors of the company were not observing that the law and the company's requirements violated the provisions of section 158 of the Company Ordinance, the company was fined Rs 500,000 in 1984, and all the directors of the company , Under the circumstances
Related judgments — Securities and Exchange Commission of Pakistan, 2011
