Sections 173, 476 and 492, without summoning and making false statements, approving the resolution, the Supreme Court, in its order, directed the Securities and Exchange Commission to investigate the approval of the so-called contract approved by the Central Executive and Submit a report The committee of the Pakistan Sugar Mills Association submitted the report after the inquiry, stating that no legitimate meeting of the Central Executive Committee of the Association had taken place and the statements of the members in connection with the approval of the alleged resolution are reflected. That no formal notice was issued to the members to hold any such meeting nor to record the proper minutes nor to the members within the time prescribed under section 173 (1) of the Companies Ordinance, 1984 Was identified, no suitable meeting was held, nor any approved resolution was approved It was. The Supreme Court was a liar and a liar, in the circumstances the settlement was presented to the Supreme Court and deliberately concealing the material facts regarding the defects in the browsing and calling of the meeting, which was inherently material. And it could not be ignored which attracted the constitutional provisions as contained in Sections 492 and 476 of the Companies Ordinance, 1984. However, since there was no legitimate meeting, Section 173 of the Companies Ordinance 1984 was not relevant. The Pakistan Sugar Mills Association was fined. The secretary general of the association was fined Rs 500,000 and Rs 100,000 fine
Related judgments — Securities and Exchange Commission of Pakistan, 2011
