KHALID SURAJ BAJWA versus EXECUTIVE DIRECTOR (CLD)
Sections 245 and 476 Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 Enforcement of a criminal appeal against a company requiring the companies to prepare and move their quarterly accounts under the provisions of section 245 of the Ordinance 1984 Was. Failing to make such a move within the stipulated period, each of the directors of the company was sentenced to impose a fine of Rs. The Executive Director took action. The appellant failed to appear before the Appellate Bench to decide the case on merit and the appellant's conduct was that it was the appellant's routine to comply with section 245 of the Companies Ordinance 1984, due to poor financial matters. I have failed. The Company's health was inadequate, was responsible for the permanent default of Section 245 of the Companies Ordinance, 1984 of the Companies Ordinance of 1984, the default was deliberate and the Executive Director of the Commission, in such cases Directors were punished precisely by those who would pay the fine. From resources and not company treasures
Related judgments — Securities and Exchange Commission of Pakistan, 2010
